MORALES
MORALES is a Texas gas lease in Zapata County, Railroad Commission district 04, operated by Chesapeake Operating, Inc. It has 1 wellbore on file with the Commission. Reported production runs from February 2004 to August 2026, totalling 1,691,244 thousand cubic feet. 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 $218K, with roughly $52K 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 2,304 thousand cubic feet a month. Its strongest month on the record we hold was July 2022, at 6,035 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 17% 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 MORALES
- Who operates MORALES?
- MORALES is operated by Chesapeake Operating, Inc., Railroad Commission of Texas operator number 147715.
- Where is MORALES?
- MORALES is a Texas gas lease in Zapata County, Texas, in Railroad Commission district 04. Its Railroad Commission lease number is 200676.
- Is MORALES still producing?
- MORALES is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MORALES is August 2026.
- How much has MORALES produced?
- MORALES has reported 1,691,244 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between February 2004 and August 2026, from 1 wellbore.
- How much is MORALES worth?
- The remaining production from MORALES is estimated to be worth about $218K in total as of 27 August 2026, within a range of $181K to $256K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MORALES is a fraction of it. The estimate fits an Arps decline curve to the production MORALES has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MORALES is an estimate of value, not an offer and not an appraisal.
- How much income does MORALES generate in a year?
- MORALES is forecast to net about $52K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in MORALES receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Chesapeake Operating, Inc. |
|---|---|
| Field | Exsun (Lobo) |
| County | Zapata County, Texas |
| RRC district | 04 |
| Lease number | 200676 |
| Wellbores | 1 |
| Reported production | 1,691,244 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $218K |
Where MORALES 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.