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Producing

SMITH 103

Smith 103 is an oil lease in Van Zandt County, Texas, operated by Basa Resources, Inc. in the Van (Austin Chalk) field.

5 wells

1,240bbl oil, last 12 months+31% vs prior year
Operator
Basa Resources, Inc.
County
Van Zandt County
Field
Van (Austin Chalk)
RRC lease
05-03247

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Where it sits

This county

Van Zandt CountyVan ZandtFranklinHuntKaufmanCollinWoodHopkinsRockwallSmithRainsHendersonVan Zandt County
Van Zandt County
Gas, last 12 months
3,502 mcf
Oil in Jul 2026
118 bbl

Production by month

Oil output rose 31% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output rose 31% over the last 12 monthsMonthly oil production and gas for SMITH 103, Aug 2023 to Jul 2026. Oil output rose 31% over the last 12 months. 1,240 bbl in the 12 months through Jul 2026, against 943 bbl in the 12 months before.Last 12 months: 1,240 bblbbl per monthmcf per month0050100100200150300200400Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output rose 31% over the last 12 monthsMonthly oil production and gas for SMITH 103, Aug 2023 to Jul 2026. Oil output rose 31% over the last 12 months. 1,240 bbl in the 12 months through Jul 2026, against 943 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month0050100100200150300200400Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

Since Nov 2023 the lease's gas goes to a transmission line instead of a processing plant

  • Processing plant (3)
  • Transmission line (2)
Since Nov 2023 the lease's gas goes to a transmission line instead of a processing plantShare of SMITH 103 gas by disposition code each month, Aug 2023 to Jul 2026. Since Nov 2023 the lease's gas goes to a transmission line instead of a processing plant.Share of the lease’s gas by disposition code, per month0%50%100%Nov 2023: plant to lineOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Nov 2023 the lease's gas goes to a transmission line instead of a processing plantShare of SMITH 103 gas by disposition code each month, Aug 2023 to Jul 2026. Since Nov 2023 the lease's gas goes to a transmission line instead of a processing plant.Share of gas by disposition code0%50%100%Nov 23: plant to lineJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Who has run this lease

The operator changed once, most recently in Jan 2021

Operators of this lease over timeUnion Oil Company of California, Jan 2020 to Dec 2020; Basa Resources, Inc., Jan 2021 to Jul 20262020202120222023202420252026Changed Jan 2021Union Oil Company of Californ…Jan 2020 to Dec 2020Basa Resources, Inc.Jan 2021 to now
Operators of this lease over timeUnion Oil Company of California, Jan 2020 to Dec 2020; Basa Resources, Inc., Jan 2021 to Jul 20262020202120222023202420252026Changed Jan 2021Union Oil Company of CaliforniaJan 2020 to Dec 2020Basa Resources, Inc.Jan 2021 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

5 wells on this lease

Wells on SMITH 103
API numberWell no.Status
42-467-306908Shut-in
42-467-307049Active
42-467-3085911Active
42-467-3095312Active
42-467-3097313Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Eastex Crude Company, LLCOilGathers100Jan 1, 2023–
Basa Resources, Inc.Casinghead gasBuys100Jan 1, 2021–
Basa Resources, Inc.Casinghead gasGathers100Jan 1, 2021–
Eastex Crude CompanyOilGathers100Jan 1, 2021Jan 1, 2023
Unocal Pipeline CompanyCasinghead gasGathers100Dec 13, 2010Jan 1, 2021
Union Oil Company of CaliforniaCasinghead gasBuys100May 1, 1992Jan 1, 2021
Eastex Crude CompanyOilGathers50Dec 13, 2010Jan 1, 2021
Unocal Pipeline CompanyOilGathers50Dec 13, 2010Jan 1, 2021

SourceRailroad Commission Form P-4 file, Sep 24, 2026 (source).

Who buys my oilOil price check

42.14 acres on the newest permit

8 wells are listed on this lease

Permits for Smith 103
API numberWell no.Acreson the permit
42-467-30690842.14
42-467-30147742.14
42-467-00500342.14
42-467-309731342.14
42-467-309531242.14
42-467-308591142.14
42-467-00501442.14
42-467-30704942.14

SourceRailroad Commission drilling permits, Sep 26, 2026 (source 1, source 2).

Unit decimal checker

Estimate your royalty

36 months, newest first

Ledger for SMITH 103
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Basa Resources,1181132442440$80.46$2.89
Jun 2026Basa Resources,1121192922920$84.81$3.15
May 2026Basa Resources,1221183493490$102.13$2.94
Apr 2026Basa Resources,1101183543540$100.32$2.77
Mar 2026Basa Resources,1571503763760$91.38$3.04
Feb 2026Basa Resources,1111102482480$64.51$3.62
Jan 2026Basa Resources,66653163160$60.04$7.72
Dec 2025Basa Resources,1181223473470$57.97$4.26
Nov 2025Basa Resources,1231192932930$60.06$3.79
Oct 2025Basa Resources,79782362360$60.89$3.19
Sep 2025Basa Resources,54531941940$63.96$2.97
Aug 2025Basa Resources,70792532530$64.86$2.91
Jul 2025Basa Resources,78822802800$68.39$3.20
Jun 2025Basa Resources,87922582580$68.17$3.02
May 2025Basa Resources,85772292290$62.17$3.12
Apr 2025Basa Resources,1451443173170$63.54$3.42
Mar 2025Basa Resources,47531791790$68.24$4.12
Feb 2025Basa Resources,57591871870$71.53$4.19
Jan 2025Basa Resources,88832132130$75.74$4.13
Dec 2024Basa Resources,75742172170$70.12$3.01
Nov 2024Basa Resources,85841881880$69.95$2.12
Oct 2024Basa Resources,717885850$71.99$2.20
Sep 2024Basa Resources,64623773770$70.24$2.28
Aug 2024Basa Resources,61562722720$76.68$1.99
Jul 2024Basa Resources,62652282280$81.80$2.07
Jun 2024Basa Resources,58611951950$79.77$2.54
May 2024Basa Resources,56592062060$80.02$2.12
Apr 2024Basa Resources,60611971970$85.35$1.60
Mar 2024Basa Resources,65662032030$81.28$1.49
Feb 2024Basa Resources,53491891890$77.25$1.72
Jan 2024Basa Resources,61662142140$74.15$3.18
Dec 2023Basa Resources,106852682680$71.90$2.52
Nov 2023Basa Resources,115932882880$77.69$2.71
Oct 2023Basa Resources,71722452450$85.64$2.98
Sep 2023Basa Resources,6261000$89.43$2.64
Aug 2023Basa Resources,67693013010$81.39$2.58

SourceTexas Railroad Commission Production Data Query, through Jul 2026. Prices: EIA, through Aug 2026. Updated Sep 28, 2026.

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This lease belongs to

OperatorBasa Resources, Inc.FieldVan (Austin Chalk)CountyVan Zandt County

Basa Resources, Inc. in Van Zandt County

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Van (Austin Chalk) field

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