DCRC -A- NCT-12
DCRC -A- NCT-12 is a Texas oil lease in Duval County, Railroad Commission district 04, operated by Morsey Oil & Gas Corp. It has 10 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 192,807 barrels. 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 $108K, 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 20 barrels a month, about 2 per wellbore. Its strongest month on the record we hold was August 2016, at 343 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 -A- NCT-12
- Who operates DCRC -A- NCT-12?
- DCRC -A- NCT-12 is operated by Morsey Oil & Gas Corp., Railroad Commission of Texas operator number 589078.
- Where is DCRC -A- NCT-12?
- DCRC -A- NCT-12 is a Texas oil lease in Duval County, Texas, in Railroad Commission district 04. Its Railroad Commission lease number is 02878.
- Is DCRC -A- NCT-12 still producing?
- DCRC -A- NCT-12 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for DCRC -A- NCT-12 is August 2026.
- How much has DCRC -A- NCT-12 produced?
- DCRC -A- NCT-12 has reported 192,807 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 10 wellbores.
- How much is DCRC -A- NCT-12 worth?
- The remaining production from DCRC -A- NCT-12 is estimated to be worth about $108K in total as of 27 August 2026, within a range of $59K to $156K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in DCRC -A- NCT-12 is a fraction of it. The estimate fits an Arps decline curve to the production DCRC -A- NCT-12 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for DCRC -A- NCT-12 is an estimate of value, not an offer and not an appraisal.
- How much income does DCRC -A- NCT-12 generate in a year?
- DCRC -A- NCT-12 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 -A- NCT-12 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Morsey Oil & Gas Corp. |
|---|---|
| Field | Seventy-Six, West |
| County | Duval County, Texas |
| RRC district | 04 |
| Lease number | 02878 |
| Wellbores | 10 |
| Reported production | 192,807 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $108K |
Where DCRC -A- NCT-12 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.