J.T. MORRIS STATE
J.T. MORRIS STATE is a Texas oil lease in Reeves County, Railroad Commission district 08, operated by U.S. Energy Development Corp. It has 5 wellbores on file with the Commission. Reported production runs from December 2023 to August 2026, totalling 957,684 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 $14.0M, with roughly $7.9M 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 20,572 barrels a month, about 4,114 per wellbore. Its strongest month on the record we hold was June 2024, at 92,625 barrels. In our own backtest, leases producing at this rate are forecast to within about 18% 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 J.T. MORRIS STATE
- Who operates J.T. MORRIS STATE?
- J.T. MORRIS STATE is operated by U.S. Energy Development Corp, Railroad Commission of Texas operator number 875462.
- Where is J.T. MORRIS STATE?
- J.T. MORRIS STATE is a Texas oil lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 61305.
- Is J.T. MORRIS STATE still producing?
- J.T. MORRIS STATE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for J.T. MORRIS STATE is August 2026.
- How much has J.T. MORRIS STATE produced?
- J.T. MORRIS STATE has reported 957,684 barrels of oil (bbl) to the Railroad Commission of Texas between December 2023 and August 2026, from 5 wellbores.
- How much is J.T. MORRIS STATE worth?
- The remaining production from J.T. MORRIS STATE is estimated to be worth about $14.0M in total as of 27 August 2026, within a range of $11.5M to $16.5M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in J.T. MORRIS STATE is a fraction of it. The estimate fits an Arps decline curve to the production J.T. MORRIS STATE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for J.T. MORRIS STATE is an estimate of value, not an offer and not an appraisal.
- How much income does J.T. MORRIS STATE generate in a year?
- J.T. MORRIS STATE is forecast to net about $7.9M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in J.T. MORRIS STATE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | U.S. Energy Development Corp |
|---|---|
| Field | Phantom (Wolfcamp) |
| County | Reeves County, Texas |
| RRC district | 08 |
| Lease number | 61305 |
| Wellbores | 5 |
| Reported production | 957,684 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $14.0M |
Where J.T. MORRIS STATE 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.