DCRC MF NCT-38
DCRC MF NCT-38 is a Texas oil lease in Duval County, Railroad Commission district 04, operated by Morsey Oil & Gas Corp. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 12,029 barrels. The lease is intermittent. 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 $107K, with roughly $21K 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 34 barrels a month. Its strongest month on the record we hold was May 2016, at 90 barrels. In our own backtest, leases producing at this rate are forecast to within about 45% 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 DCRC MF NCT-38
- Who operates DCRC MF NCT-38?
- DCRC MF NCT-38 is operated by Morsey Oil & Gas Corp., Railroad Commission of Texas operator number 589078.
- Where is DCRC MF NCT-38?
- DCRC MF NCT-38 is a Texas oil lease in Duval County, Texas, in Railroad Commission district 04. Its Railroad Commission lease number is 00630.
- Is DCRC MF NCT-38 still producing?
- DCRC MF NCT-38 is intermittent. The most recent month of production reported to the Railroad Commission of Texas for DCRC MF NCT-38 is August 2026.
- How much has DCRC MF NCT-38 produced?
- DCRC MF NCT-38 has reported 12,029 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is DCRC MF NCT-38 worth?
- The remaining production from DCRC MF NCT-38 is estimated to be worth about $107K in total as of 27 August 2026, within a range of $59K to $155K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in DCRC MF NCT-38 is a fraction of it. The estimate fits an Arps decline curve to the production DCRC MF NCT-38 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for DCRC MF NCT-38 is an estimate of value, not an offer and not an appraisal.
- How much income does DCRC MF NCT-38 generate in a year?
- DCRC MF NCT-38 is forecast to net about $21K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in DCRC MF NCT-38 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Morsey Oil & Gas Corp. |
|---|---|
| Field | Dejay (Chernosky) |
| County | Duval County, Texas |
| RRC district | 04 |
| Lease number | 00630 |
| Wellbores | 1 |
| Reported production | 12,029 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $107K |
Where DCRC MF NCT-38 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.