MOE
MOE is a Texas oil lease in Gray County, Railroad Commission district 10, operated by Bradley Operating Co. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 30,282 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 $5K, with roughly $1K 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 11 barrels a month. Its strongest month on the record we hold was November 2018, at 193 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 MOE
- Who operates MOE?
- MOE is operated by Bradley Operating Co., Railroad Commission of Texas operator number 087255.
- Where is MOE?
- MOE is a Texas oil lease in Gray County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 00485.
- Is MOE still producing?
- MOE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MOE is August 2026.
- How much has MOE produced?
- MOE has reported 30,282 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is MOE worth?
- The remaining production from MOE is estimated to be worth about $5K in total as of 26 August 2026, within a range of $3K to $8K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MOE is a fraction of it. The estimate fits an Arps decline curve to the production MOE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MOE is an estimate of value, not an offer and not an appraisal.
- How much income does MOE generate in a year?
- MOE is forecast to net about $1K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MOE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Bradley Operating Co. |
|---|---|
| Field | Panhandle Gray County Field |
| County | Gray County, Texas |
| RRC district | 10 |
| Lease number | 00485 |
| Wellbores | 1 |
| Reported production | 30,282 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $5K |
Where MOE 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.