POWELL-MORGAN UNIT
POWELL-MORGAN UNIT is a Texas oil lease in Archer County, Railroad Commission district 09, operated by Pitcock, Inc. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 19,469 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 $141K, with roughly $27K 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 43 barrels a month. Its strongest month on the record we hold was March 2020, at 228 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 POWELL-MORGAN UNIT
- Who operates POWELL-MORGAN UNIT?
- POWELL-MORGAN UNIT is operated by Pitcock, Inc., Railroad Commission of Texas operator number 665870.
- Where is POWELL-MORGAN UNIT?
- POWELL-MORGAN UNIT is a Texas oil lease in Archer County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 11995.
- Is POWELL-MORGAN UNIT still producing?
- POWELL-MORGAN UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for POWELL-MORGAN UNIT is August 2026.
- How much has POWELL-MORGAN UNIT produced?
- POWELL-MORGAN UNIT has reported 19,469 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is POWELL-MORGAN UNIT worth?
- The remaining production from POWELL-MORGAN UNIT is estimated to be worth about $141K in total as of 26 August 2026, within a range of $78K to $205K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in POWELL-MORGAN UNIT is a fraction of it. The estimate fits an Arps decline curve to the production POWELL-MORGAN UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for POWELL-MORGAN UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does POWELL-MORGAN UNIT generate in a year?
- POWELL-MORGAN UNIT is forecast to net about $27K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in POWELL-MORGAN UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Pitcock, Inc. |
|---|---|
| Field | Duggan (Strawn) |
| County | Archer County, Texas |
| RRC district | 09 |
| Lease number | 11995 |
| Wellbores | 1 |
| Reported production | 19,469 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $141K |
Where POWELL-MORGAN 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.