MORSE WATERFLOOD PROJECT
MORSE WATERFLOOD PROJECT is a Texas oil lease in Gray County, Railroad Commission district 10, operated by Bradley Operating Co. It has 69 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 118,346 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 $219K, with roughly $41K 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 52 barrels a month, about 1 per wellbore. Its strongest month on the record we hold was April 2017, at 320 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 MORSE WATERFLOOD PROJECT
- Who operates MORSE WATERFLOOD PROJECT?
- MORSE WATERFLOOD PROJECT is operated by Bradley Operating Co., Railroad Commission of Texas operator number 087255.
- Where is MORSE WATERFLOOD PROJECT?
- MORSE WATERFLOOD PROJECT is a Texas oil lease in Gray County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 01662.
- Is MORSE WATERFLOOD PROJECT still producing?
- MORSE WATERFLOOD PROJECT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MORSE WATERFLOOD PROJECT is August 2026.
- How much has MORSE WATERFLOOD PROJECT produced?
- MORSE WATERFLOOD PROJECT has reported 118,346 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 69 wellbores.
- How much is MORSE WATERFLOOD PROJECT worth?
- The remaining production from MORSE WATERFLOOD PROJECT is estimated to be worth about $219K in total as of 27 August 2026, within a range of $120K to $317K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MORSE WATERFLOOD PROJECT is a fraction of it. The estimate fits an Arps decline curve to the production MORSE WATERFLOOD PROJECT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MORSE WATERFLOOD PROJECT is an estimate of value, not an offer and not an appraisal.
- How much income does MORSE WATERFLOOD PROJECT generate in a year?
- MORSE WATERFLOOD PROJECT is forecast to net about $41K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in MORSE WATERFLOOD PROJECT 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 | 01662 |
| Wellbores | 69 |
| Reported production | 118,346 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $219K |
Where MORSE WATERFLOOD PROJECT 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.