SMITH, CLEO WARD
SMITH, CLEO WARD is a Texas oil lease in Stonewall County, Railroad Commission district 7B, operated by Southwest Royalties, Inc. It has 3 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 121,193 barrels. The lease is currently producing. Fitting a decline curve to that history and pricing the remaining production at today's forward curve values the whole lease — a 100% undivided interest — at about $959K, with roughly $182K expected over the next twelve months. An individual royalty owner receives their own decimal interest times that figure. Over the last twelve months on file it averaged 270 barrels a month, about 90 per wellbore. Its strongest month on the record we hold was August 2017, at 358 barrels. In our own backtest, leases producing at this rate are forecast to within about 22% of what they went on to produce, and that measured error is the range shown on the page rather than a confidence of our own devising.
Key facts about SMITH, CLEO WARD
- Who operates SMITH, CLEO WARD?
- SMITH, CLEO WARD is operated by Southwest Royalties, Inc., Railroad Commission of Texas operator number 806470.
- Where is SMITH, CLEO WARD?
- SMITH, CLEO WARD is a Texas oil lease in Stonewall County, Texas, in Railroad Commission district 7B. Its Railroad Commission lease number is 07299.
- Is SMITH, CLEO WARD still producing?
- SMITH, CLEO WARD is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SMITH, CLEO WARD is August 2026.
- How much has SMITH, CLEO WARD produced?
- SMITH, CLEO WARD has reported 121,193 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 3 wellbores.
- How much is SMITH, CLEO WARD worth?
- The remaining production from SMITH, CLEO WARD is estimated to be worth about $959K in total as of 27 August 2026, within a range of $748K to $1.2M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SMITH, CLEO WARD is a fraction of it. The estimate fits an Arps decline curve to the production SMITH, CLEO WARD has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SMITH, CLEO WARD is an estimate of value, not an offer and not an appraisal.
- How much income does SMITH, CLEO WARD generate in a year?
- SMITH, CLEO WARD is forecast to net about $182K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in SMITH, CLEO WARD receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Southwest Royalties, Inc. |
|---|---|
| Field | Old Glory |
| County | Stonewall County, Texas |
| RRC district | 7B |
| Lease number | 07299 |
| Wellbores | 3 |
| Reported production | 121,193 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $959K |
Where SMITH, CLEO WARD sits
Source: Railroad Commission of Texas lease production records, complete through . Figures on this page were computed on .
Production figures are as reported to the Railroad Commission of Texas. The value shown is an estimate produced by fitting a decline curve to that reported history; it is not an offer or an appraisal. How this estimate is calculated.