GIPSON-MORRIS
GIPSON-MORRIS is a Texas oil lease in Cass County, Railroad Commission district 06, operated by Performance Operating Partners,. It has 1 wellbore on file with the Commission. Reported production runs from March 2023 to August 2026, totalling 38,849 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 $1.6M, with roughly $349K 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 530 barrels a month. Its strongest month on the record we hold was May 2023, at 5,677 barrels. In our own backtest, leases producing at this rate are forecast to within about 22% 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 GIPSON-MORRIS
- Who operates GIPSON-MORRIS?
- GIPSON-MORRIS is operated by Performance Operating Partners,, Railroad Commission of Texas operator number 100367.
- Where is GIPSON-MORRIS?
- GIPSON-MORRIS is a Texas oil lease in Cass County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 15990.
- Is GIPSON-MORRIS still producing?
- GIPSON-MORRIS is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GIPSON-MORRIS is August 2026.
- How much has GIPSON-MORRIS produced?
- GIPSON-MORRIS has reported 38,849 barrels of oil (bbl) to the Railroad Commission of Texas between March 2023 and August 2026, from 1 wellbore.
- How much is GIPSON-MORRIS worth?
- The remaining production from GIPSON-MORRIS is estimated to be worth about $1.6M in total as of 26 August 2026, within a range of $1.2M to $2.0M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GIPSON-MORRIS is a fraction of it. The estimate fits an Arps decline curve to the production GIPSON-MORRIS has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GIPSON-MORRIS is an estimate of value, not an offer and not an appraisal.
- How much income does GIPSON-MORRIS generate in a year?
- GIPSON-MORRIS is forecast to net about $349K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in GIPSON-MORRIS receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Performance Operating Partners, |
|---|---|
| Field | Mcleod, North (CV) |
| County | Cass County, Texas |
| RRC district | 06 |
| Lease number | 15990 |
| Wellbores | 1 |
| Reported production | 38,849 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.6M |
Where GIPSON-MORRIS 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.