MORSE UNIT
MORSE UNIT is a Texas oil lease in Cass County, Railroad Commission district 06, operated by Pegasi Operating Inc. It has 1 wellbore on file with the Commission. Reported production runs from July 2012 to August 2026, totalling 72,964 barrels. The lease is intermittent. 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 $799K, with roughly $366K 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 454 barrels a month. Its strongest month on the record we hold was March 2026, at 758 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 MORSE UNIT
- Who operates MORSE UNIT?
- MORSE UNIT is operated by Pegasi Operating Inc., Railroad Commission of Texas operator number 650623.
- Where is MORSE UNIT?
- MORSE UNIT is a Texas oil lease in Cass County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 15195.
- Is MORSE UNIT still producing?
- MORSE UNIT is intermittent. The most recent month of production reported to the Railroad Commission of Texas for MORSE UNIT is August 2026.
- How much has MORSE UNIT produced?
- MORSE UNIT has reported 72,964 barrels of oil (bbl) to the Railroad Commission of Texas between July 2012 and August 2026, from 1 wellbore.
- How much is MORSE UNIT worth?
- The remaining production from MORSE UNIT is estimated to be worth about $799K in total as of 26 August 2026, within a range of $623K to $975K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MORSE UNIT is a fraction of it. The estimate fits an Arps decline curve to the production MORSE UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MORSE UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does MORSE UNIT generate in a year?
- MORSE UNIT is forecast to net about $366K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MORSE UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Pegasi Operating Inc. |
|---|---|
| Field | Linden, East ( Cotton Valley) |
| County | Cass County, Texas |
| RRC district | 06 |
| Lease number | 15195 |
| Wellbores | 1 |
| Reported production | 72,964 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $799K |
Where MORSE 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.