MORALES, NANCY COODY TR. 3

MORALES, NANCY COODY TR. 3 is a Texas gas lease in Stephens County, Railroad Commission district 7B, operated by Marjac Oil Company, Inc. It has 1 wellbore on file with the Commission. Reported production runs from July 2011 to August 2026, totalling 336,034 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 $168K, with roughly $32K 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 1,564 thousand cubic feet a month. Its strongest month on the record we hold was July 2018, at 5,419 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, NANCY COODY TR. 3

Who operates MORALES, NANCY COODY TR. 3?: MORALES, NANCY COODY TR. 3 is operated by Marjac Oil Company, Inc., Railroad Commission of Texas operator number 526262.
Where is MORALES, NANCY COODY TR. 3?: MORALES, NANCY COODY TR. 3 is a Texas gas lease in Stephens County, Texas, in Railroad Commission district 7B. Its Railroad Commission lease number is 261322.
Is MORALES, NANCY COODY TR. 3 still producing?: MORALES, NANCY COODY TR. 3 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MORALES, NANCY COODY TR. 3 is August 2026.
How much has MORALES, NANCY COODY TR. 3 produced?: MORALES, NANCY COODY TR. 3 has reported 336,034 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between July 2011 and August 2026, from 1 wellbore.
How much is MORALES, NANCY COODY TR. 3 worth?: The remaining production from MORALES, NANCY COODY TR. 3 is estimated to be worth about $168K in total as of 26 August 2026, within a range of $140K to $197K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MORALES, NANCY COODY TR. 3 is a fraction of it. The estimate fits an Arps decline curve to the production MORALES, NANCY COODY TR. 3 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MORALES, NANCY COODY TR. 3 is an estimate of value, not an offer and not an appraisal.
How much income does MORALES, NANCY COODY TR. 3 generate in a year?: MORALES, NANCY COODY TR. 3 is forecast to net about $32K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MORALES, NANCY COODY TR. 3 receives a fraction of that, set by the decimal interest printed on their check stub.

Lease record

MORALES, NANCY COODY TR. 3 as filed with the Railroad Commission of Texas
Operator	Marjac Oil Company, Inc.
Field	Cumming (Conglomerate)
County	Stephens County, Texas
RRC district	7B
Lease number	261322
Wellbores	1
Reported production	336,034 mcf
First reported	July 2011
Last reported	August 2026
Estimated royalty value	$168K

Where MORALES, NANCY COODY TR. 3 sits

Source: Railroad Commission of Texas lease production records, complete through August 2026. Figures on this page were computed on 26 August 2026.

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.