SMITH, WALTER UNIT
SMITH, WALTER UNIT is a Texas oil lease in Stonewall County, Railroad Commission district 7B, operated by Walter Exploration Inc. It has 19 wellbores on file with the Commission. Reported production runs from December 1998 to August 2026, totalling 368,767 barrels. The lease is intermittent. 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 $121K, with roughly $23K 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 24 barrels a month, about 1 per wellbore. Its strongest month on the record we hold was July 2016, at 605 barrels. In our own backtest, leases producing at this rate are forecast to within about 45% 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, WALTER UNIT
- Who operates SMITH, WALTER UNIT?
- SMITH, WALTER UNIT is operated by Walter Exploration Inc., Railroad Commission of Texas operator number 895235.
- Where is SMITH, WALTER UNIT?
- SMITH, WALTER UNIT is a Texas oil lease in Stonewall County, Texas, in Railroad Commission district 7B. Its Railroad Commission lease number is 28573.
- Is SMITH, WALTER UNIT still producing?
- SMITH, WALTER UNIT is intermittent. The most recent month of production reported to the Railroad Commission of Texas for SMITH, WALTER UNIT is August 2026.
- How much has SMITH, WALTER UNIT produced?
- SMITH, WALTER UNIT has reported 368,767 barrels of oil (bbl) to the Railroad Commission of Texas between December 1998 and August 2026, from 19 wellbores.
- How much is SMITH, WALTER UNIT worth?
- The remaining production from SMITH, WALTER UNIT is estimated to be worth about $121K in total as of 27 August 2026, within a range of $67K to $176K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SMITH, WALTER UNIT is a fraction of it. The estimate fits an Arps decline curve to the production SMITH, WALTER UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SMITH, WALTER UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does SMITH, WALTER UNIT generate in a year?
- SMITH, WALTER UNIT is forecast to net about $23K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in SMITH, WALTER UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Walter Exploration Inc. |
|---|---|
| Field | Mengel, E. (Canyon Sand) |
| County | Stonewall County, Texas |
| RRC district | 7B |
| Lease number | 28573 |
| Wellbores | 19 |
| Reported production | 368,767 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $121K |
Where SMITH, WALTER UNIT 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.