GOLDSMITH-WATSON
GOLDSMITH-WATSON is a Texas oil lease in Wood County, Railroad Commission district 06, operated by Cross Timbers Operating Company. It has 2 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 6,541 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 $18K, with roughly $4K 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 5 barrels a month, about 2 per wellbore. Its strongest month on the record we hold was October 2018, at 53 barrels. In our own backtest, leases producing at this rate are forecast to within about 100% 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-WATSON
- Who operates GOLDSMITH-WATSON?
- GOLDSMITH-WATSON is operated by Cross Timbers Operating Company, Railroad Commission of Texas operator number 190468.
- Where is GOLDSMITH-WATSON?
- GOLDSMITH-WATSON is a Texas oil lease in Wood County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 02885.
- Is GOLDSMITH-WATSON still producing?
- GOLDSMITH-WATSON is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GOLDSMITH-WATSON is August 2026.
- How much has GOLDSMITH-WATSON produced?
- GOLDSMITH-WATSON has reported 6,541 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 2 wellbores.
- How much is GOLDSMITH-WATSON worth?
- The remaining production from GOLDSMITH-WATSON is estimated to be worth about $18K in total as of 27 August 2026, within a range of $0 to $37K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GOLDSMITH-WATSON is a fraction of it. The estimate fits an Arps decline curve to the production GOLDSMITH-WATSON has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GOLDSMITH-WATSON is an estimate of value, not an offer and not an appraisal.
- How much income does GOLDSMITH-WATSON generate in a year?
- GOLDSMITH-WATSON is forecast to net about $4K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in GOLDSMITH-WATSON receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Cross Timbers Operating Company |
|---|---|
| Field | Quitman (Sub-Clarksville) |
| County | Wood County, Texas |
| RRC district | 06 |
| Lease number | 02885 |
| Wellbores | 2 |
| Reported production | 6,541 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $18K |
Where GOLDSMITH-WATSON 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.