MORSE -E-
MORSE -E- is a Texas oil lease in Gray County, Railroad Commission district 10, operated by Bradley Operating Co. It has 5 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 53,747 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 $417K, with roughly $80K 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 128 barrels a month, about 26 per wellbore. Its strongest month on the record we hold was June 2016, at 538 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 -E-
- Who operates MORSE -E-?
- MORSE -E- is operated by Bradley Operating Co., Railroad Commission of Texas operator number 087255.
- Where is MORSE -E-?
- MORSE -E- is a Texas oil lease in Gray County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 00368.
- Is MORSE -E- still producing?
- MORSE -E- is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MORSE -E- is August 2026.
- How much has MORSE -E- produced?
- MORSE -E- has reported 53,747 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 5 wellbores.
- How much is MORSE -E- worth?
- The remaining production from MORSE -E- is estimated to be worth about $417K in total as of 26 August 2026, within a range of $325K to $508K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MORSE -E- is a fraction of it. The estimate fits an Arps decline curve to the production MORSE -E- has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MORSE -E- is an estimate of value, not an offer and not an appraisal.
- How much income does MORSE -E- generate in a year?
- MORSE -E- is forecast to net about $80K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MORSE -E- 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 | 00368 |
| Wellbores | 5 |
| Reported production | 53,747 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $417K |
Where MORSE -E- 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.