Texas oil lease · RRC district 7B · Lease 03480
Shut inSMITH, LULA
Smith, Lula is an oil lease in Shackelford County, Texas, operated by Iron Horse Oil & Gas, Inc. in the Shackelford County Regular field.
Oil lease dossier · 1 well
- Operator
- Iron Horse Oil & Gas, Inc.
- County
- Shackelford County
- RRC lease
- 7B-03480
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Where it sits
This county
- Oil in Jun 2026
- 0 bbl
- Reporting to the state
- since Jan 2020
- Wells
- 1
- Data through
- Jun 2026
Production
Month by month, from the state record
No oil produced in the last 12 months
The last month with output was Dec 2024, at 2 bbl. Jul 2026 was not reported. A red cross marks each one.
- Oil (bars, left axis)
- Last 12 months
SourceTexas Railroad Commission Production Data Query, oil lease 03480, district 7B. Reported through Jul 2026. The state revises recent months.
Gas disposition
Where the gas went
No gas disposition reported for this lease
Operator history
Who has run this lease
The operator changed 2 times, most recently in Dec 2025
If your statements skip or shrink around a change, ask the new operator's owner relations department whether the month is in suspense.
- Iron Horse Oil & Gas, Inc. Dec 2025 to Jun 2026
- Scott Operating, Inc. Apr 2020 to Nov 2025
- Iron Horse Oil & Gas, Inc. Jan 2020 to Mar 2020
SourceTexas Railroad Commission Production Data Query, operator by month. Reported through Jul 2026.
Wells
1 well on this lease
| API number | Well no. | Status | Total depthft |
|---|---|---|---|
| 42-417-81235 | 1 | Active | – |
SourceTexas Railroad Commission Wellbore Query, district 7B, lease 03480.
Who buys and gathers
Who moves and buys this lease's production
Oil
Bml, Inc. B and True Oil Trucking & Mktg, LLC gather it.
Bml, Inc. B gathers it: 50% of it, on the list since Jun 1, 2023 · True Oil Trucking & Mktg, LLC gathers it: 50% of it, on the list since Jun 1, 2023
Companies that used to be listed: True Oil Trucking & Mktg, LLC (gathers it, until Jun 1, 2023); Transoil Marketing, LLC (gathers it, until Aug 1, 2019).
SourceRailroad Commission of Texas, Form P-4 file, dated Sep 24, 2026 (source). A listed company is authorised to move or buy the production; the state does not say what it paid.
Unit and wells
What the drilling permits say
- Wells on the permits
- 11 not plugged
- Horizontal
- 0
- First completion
- Jan 12, 1984
- Latest permit
- –
| API number | Well no. | Permit issued | Completed | Acreson the permit |
|---|---|---|---|---|
| 42-417-81235 | 1 | – | Jan 12, 1984 | – |
Estimator
Estimate your royalty for this lease
Estimator
What could your check be?
Your decimal interest is the small number on your division order that says what share of the whole lease (8/8ths) is yours. Type it in and we apply it to what the state says SMITH, LULA sold each month.
For example 0.00097656, or a fraction like 1/1024.
Your estimate appears here
An estimate, not your check
Ledger
36 months, newest first
| Month | Oil producedbbl | Oil soldbbl | WTI$ per bbl | Henry Hub$ per MMBtu |
|---|---|---|---|---|
| Jul 2026No report | – | – | $80.46 | $2.89 |
| Jun 2026Iron Horse | 0 | 0 | $84.81 | $3.15 |
| May 2026Iron Horse | 0 | 0 | $102.13 | $2.94 |
| Apr 2026Iron Horse | 0 | 0 | $100.32 | $2.77 |
| Mar 2026Iron Horse | 0 | 0 | $91.38 | $3.04 |
| Feb 2026Iron Horse | 0 | 0 | $64.51 | $3.62 |
| Jan 2026Iron Horse | 0 | 0 | $60.04 | $7.72 |
| Dec 2025Iron Horse | 0 | 0 | $57.97 | $4.26 |
| Nov 2025Scott Operating, | 0 | 0 | $60.06 | $3.79 |
| Oct 2025Scott Operating, | 0 | 0 | $60.89 | $3.19 |
| Sep 2025Scott Operating, | 0 | 0 | $63.96 | $2.97 |
| Aug 2025Scott Operating, | 0 | 0 | $64.86 | $2.91 |
| Jul 2025Scott Operating, | 0 | 0 | $68.39 | $3.20 |
| Jun 2025Scott Operating, | 0 | 0 | $68.17 | $3.02 |
| May 2025Scott Operating, | 0 | 0 | $62.17 | $3.12 |
| Apr 2025Scott Operating, | 0 | 0 | $63.54 | $3.42 |
| Mar 2025Scott Operating, | 0 | 0 | $68.24 | $4.12 |
| Feb 2025Scott Operating, | 0 | 0 | $71.53 | $4.19 |
| Jan 2025Scott Operating, | 0 | 0 | $75.74 | $4.13 |
| Dec 2024Scott Operating, | 2 | 0 | $70.12 | $3.01 |
| Nov 2024Scott Operating, | 1 | 0 | $69.95 | $2.12 |
| Oct 2024Scott Operating, | 2 | 0 | $71.99 | $2.20 |
| Sep 2024Scott Operating, | 0 | 0 | $70.24 | $2.28 |
| Aug 2024Scott Operating, | 1 | 0 | $76.68 | $1.99 |
| Jul 2024Scott Operating, | 0 | 0 | $81.80 | $2.07 |
| Jun 2024Scott Operating, | 2 | 0 | $79.77 | $2.54 |
| May 2024Scott Operating, | 1 | 0 | $80.02 | $2.12 |
| Apr 2024Scott Operating, | 0 | 0 | $85.35 | $1.60 |
| Mar 2024Scott Operating, | 3 | 0 | $81.28 | $1.49 |
| Feb 2024Scott Operating, | 0 | 0 | $77.25 | $1.72 |
| Jan 2024Scott Operating, | 3 | 0 | $74.15 | $3.18 |
| Dec 2023Scott Operating, | 3 | 0 | $71.90 | $2.52 |
| Nov 2023Scott Operating, | 2 | 0 | $77.69 | $2.71 |
| Oct 2023Scott Operating, | 2 | 0 | $85.64 | $2.98 |
| Sep 2023Scott Operating, | 2 | 0 | $89.43 | $2.64 |
| Aug 2023Scott Operating, | 2 | 0 | $81.39 | $2.58 |
No report filed More than 3% of gas flared
SourceVolumes: Texas Railroad Commission Production Data Query, reported through Jul 2026. Prices: EIA WTI Cushing spot and Henry Hub spot, monthly, through Aug 2026. “Gas sold” is gas sent to a transmission line (code 2) or a plant (code 3).
Check your statements
Do your checks match this lease?
Upload your statements for SMITH, LULA. We compare volumes, prices, deductions and timing with the state record and give you the exact question to ask Iron Horse Oil & Gas, Inc.
- A month that was never paid
- Your share of the barrels and mcf
- The price against WTI and Henry Hub
- Fees taken on gas
- Late payment interest
Around this lease
Walk the neighborhood
This lease belongs to
Iron Horse Oil & Gas, Inc. in Shackelford County
No other producing leases from this operator in this county are in our data yet.
Shackelford County Regular field
- WALLER, C. W.
5,379 bbl last 12 months
- WALLER, W.
4,804 bbl last 12 months
- HOOKER TRUST
3,456 bbl last 12 months
- NAIL '136-A'
3,350 bbl last 12 months
- PITTMAN 4
2,141 bbl last 12 months
New drilling permits in Shackelford County
We do not have coordinates for this lease, so these are the newest permits in its county.
NAIL TRACT 20 #5
new drill · Clavo Oil, LLC · Shackelford County
Permit 0918759 · Sep 18, 2026
NAIL TRACT 20 #4
new drill · Clavo Oil, LLC · Shackelford County
Permit 0918755 · Sep 18, 2026
SIMPSON #8
new drill · Stasney Well Service, LLC · Shackelford County
Permit 0918526 · Sep 9, 2026
SIMPSON #8
re-entry · Stasney Well Service, LLC · Shackelford County
Permit 0918405 · Sep 8, 2026
SIMPSON #1
re-entry · Stasney Well Service, LLC · Shackelford County
Permit 0918309 · Sep 4, 2026
How to read this page
Questions owners ask
What is a decimal interest?
It is your share of the whole lease, written as a decimal. A 1/4 royalty on 5 net acres in a 1,280-acre unit is 1/4 × 5 ÷ 1,280 = 0.00097656. Your division order states yours.
How do I use this page to check a royalty check?
Take the “Oil sold” volume for the month the check covers and multiply it by your decimal. The answer should match the barrels on your statement. If it does not, upload the statement and we will show where the two differ.
Why is the newest month Jun 2026?
The Railroad Commission publishes production two to three months after the fact and revises recent months. We re-pull the latest three months on every update.
Does this page show what my check should be?
No. It shows what the state recorded. Prices, fees and taxes depend on your lease and on what your operator gets for the oil and gas. The estimator gives a ceiling to compare against.
Sources and method
Where these numbers come from
- Production and disposition by month: Texas Railroad Commission Production Data Query, oil lease 03480, district 7B, reported through Jul 2026.
- Wells: Texas Railroad Commission Wellbore Query.
- Prices: U.S. Energy Information Administration, WTI Cushing spot and Henry Hub spot, monthly.
- Page updated Sep 28, 2026.
We show the state’s numbers as filed. Where the state has no report for a month, we say so instead of guessing.