SMITH, F. B. 104

SMITH, F. B. 104 is a Texas oil lease in Van Zandt County, Railroad Commission district 05, operated by Union Oil Company Of California. It has 14 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 299,565 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 $1.0M, with roughly $279K 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 423 barrels a month, about 30 per wellbore. Its strongest month on the record we hold was May 2016, at 906 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, F. B. 104

Who operates SMITH, F. B. 104?: SMITH, F. B. 104 is operated by Union Oil Company Of California, Railroad Commission of Texas operator number 876520.
Where is SMITH, F. B. 104?: SMITH, F. B. 104 is a Texas oil lease in Van Zandt County, Texas, in Railroad Commission district 05. Its Railroad Commission lease number is 01134.
Is SMITH, F. B. 104 still producing?: SMITH, F. B. 104 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SMITH, F. B. 104 is August 2026.
How much has SMITH, F. B. 104 produced?: SMITH, F. B. 104 has reported 299,565 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 14 wellbores.
How much is SMITH, F. B. 104 worth?: The remaining production from SMITH, F. B. 104 is estimated to be worth about $1.0M in total as of 27 August 2026, within a range of $801K to $1.3M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SMITH, F. B. 104 is a fraction of it. The estimate fits an Arps decline curve to the production SMITH, F. B. 104 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SMITH, F. B. 104 is an estimate of value, not an offer and not an appraisal.
How much income does SMITH, F. B. 104 generate in a year?: SMITH, F. B. 104 is forecast to net about $279K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in SMITH, F. B. 104 receives a fraction of that, set by the decimal interest printed on their check stub.

Lease record

SMITH, F. B. 104 as filed with the Railroad Commission of Texas
Operator	Union Oil Company Of California
Field	Van
County	Van Zandt County, Texas
RRC district	05
Lease number	01134
Wellbores	14
Reported production	299,565 bbl
First reported	January 1993
Last reported	August 2026
Estimated royalty value	$1.0M

Where SMITH, F. B. 104 sits

Source: Railroad Commission of Texas lease production records, complete through August 2026. Figures on this page were computed on 27 August 2026.

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.