SMOKEY 399
SMOKEY 399 is a Texas oil lease in Yoakum County, Railroad Commission district 8A, operated by Ring Energy, Inc. It has 1 wellbore on file with the Commission. Reported production runs from June 2020 to August 2026, totalling 23,758 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 $820K, with roughly $178K 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 360 barrels a month. Its strongest month on the record we hold was July 2025, at 626 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 SMOKEY 399
- Who operates SMOKEY 399?
- SMOKEY 399 is operated by Ring Energy, Inc., Railroad Commission of Texas operator number 712382.
- Where is SMOKEY 399?
- SMOKEY 399 is a Texas oil lease in Yoakum County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 71020.
- Is SMOKEY 399 still producing?
- SMOKEY 399 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SMOKEY 399 is August 2026.
- How much has SMOKEY 399 produced?
- SMOKEY 399 has reported 23,758 barrels of oil (bbl) to the Railroad Commission of Texas between June 2020 and August 2026, from 1 wellbore.
- How much is SMOKEY 399 worth?
- The remaining production from SMOKEY 399 is estimated to be worth about $820K in total as of 27 August 2026, within a range of $640K to $1.0M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SMOKEY 399 is a fraction of it. The estimate fits an Arps decline curve to the production SMOKEY 399 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SMOKEY 399 is an estimate of value, not an offer and not an appraisal.
- How much income does SMOKEY 399 generate in a year?
- SMOKEY 399 is forecast to net about $178K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in SMOKEY 399 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Ring Energy, Inc. |
|---|---|
| Field | Platang (San Andres) |
| County | Yoakum County, Texas |
| RRC district | 8A |
| Lease number | 71020 |
| Wellbores | 1 |
| Reported production | 23,758 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $820K |
Where SMOKEY 399 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.