MORGAN-CHEVRON 46-39 B UNIT
MORGAN-CHEVRON 46-39 B UNIT is a Texas oil lease in Howard County, Railroad Commission district 08, operated by Hannathon Petroleum, LLC. It has 2 wellbores on file with the Commission. Reported production runs from December 2021 to August 2026, totalling 200,792 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 $2.4M, with roughly $996K 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 1,174 barrels a month, about 587 per wellbore. Its strongest month on the record we hold was February 2022, at 20,443 barrels. 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 MORGAN-CHEVRON 46-39 B UNIT
- Who operates MORGAN-CHEVRON 46-39 B UNIT?
- MORGAN-CHEVRON 46-39 B UNIT is operated by Hannathon Petroleum, LLC, Railroad Commission of Texas operator number 354954.
- Where is MORGAN-CHEVRON 46-39 B UNIT?
- MORGAN-CHEVRON 46-39 B UNIT is a Texas oil lease in Howard County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 56990.
- Is MORGAN-CHEVRON 46-39 B UNIT still producing?
- MORGAN-CHEVRON 46-39 B UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MORGAN-CHEVRON 46-39 B UNIT is August 2026.
- How much has MORGAN-CHEVRON 46-39 B UNIT produced?
- MORGAN-CHEVRON 46-39 B UNIT has reported 200,792 barrels of oil (bbl) to the Railroad Commission of Texas between December 2021 and August 2026, from 2 wellbores.
- How much is MORGAN-CHEVRON 46-39 B UNIT worth?
- The remaining production from MORGAN-CHEVRON 46-39 B UNIT is estimated to be worth about $2.4M in total as of 26 August 2026, within a range of $2.0M to $2.8M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MORGAN-CHEVRON 46-39 B UNIT is a fraction of it. The estimate fits an Arps decline curve to the production MORGAN-CHEVRON 46-39 B UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MORGAN-CHEVRON 46-39 B UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does MORGAN-CHEVRON 46-39 B UNIT generate in a year?
- MORGAN-CHEVRON 46-39 B UNIT is forecast to net about $996K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MORGAN-CHEVRON 46-39 B UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Hannathon Petroleum, LLC |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Howard County, Texas |
| RRC district | 08 |
| Lease number | 56990 |
| Wellbores | 2 |
| Reported production | 200,792 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $2.4M |
Where MORGAN-CHEVRON 46-39 B UNIT 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.