GOLDSMITH, J. B.
GOLDSMITH, J. B. is a Texas oil lease in Wood County, Railroad Commission district 06, operated by Cross Timbers Operating Company. It has 4 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 111,981 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 $528K, with roughly $102K 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 125 barrels a month, about 31 per wellbore. Its strongest month on the record we hold was August 2023, at 226 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 GOLDSMITH, J. B.
- Who operates GOLDSMITH, J. B.?
- GOLDSMITH, J. B. is operated by Cross Timbers Operating Company, Railroad Commission of Texas operator number 190468.
- Where is GOLDSMITH, J. B.?
- GOLDSMITH, J. B. is a Texas oil lease in Wood County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 01405.
- Is GOLDSMITH, J. B. still producing?
- GOLDSMITH, J. B. is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GOLDSMITH, J. B. is August 2026.
- How much has GOLDSMITH, J. B. produced?
- GOLDSMITH, J. B. has reported 111,981 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 4 wellbores.
- How much is GOLDSMITH, J. B. worth?
- The remaining production from GOLDSMITH, J. B. is estimated to be worth about $528K in total as of 27 August 2026, within a range of $412K to $645K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GOLDSMITH, J. B. is a fraction of it. The estimate fits an Arps decline curve to the production GOLDSMITH, J. B. has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GOLDSMITH, J. B. is an estimate of value, not an offer and not an appraisal.
- How much income does GOLDSMITH, J. B. generate in a year?
- GOLDSMITH, J. B. is forecast to net about $102K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in GOLDSMITH, J. B. receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Cross Timbers Operating Company |
|---|---|
| Field | Quitman (Eagle Ford) |
| County | Wood County, Texas |
| RRC district | 06 |
| Lease number | 01405 |
| Wellbores | 4 |
| Reported production | 111,981 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $528K |
Where GOLDSMITH, J. B. 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.