MORGAN RANCH
MORGAN RANCH is a Texas oil lease in Howard County, Railroad Commission district 08, operated by Hannathon Petroleum, LLC. It has 11 wellbores on file with the Commission. Reported production runs from May 2015 to August 2026, totalling 1,005,413 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 $5.8M, with roughly $1.5M 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 1,881 barrels a month, about 171 per wellbore. Its strongest month on the record we hold was June 2019, at 102,992 barrels. In our own backtest, leases producing at this rate are forecast to within about 17% 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 MORGAN RANCH
- Who operates MORGAN RANCH?
- MORGAN RANCH is operated by Hannathon Petroleum, LLC, Railroad Commission of Texas operator number 354954.
- Where is MORGAN RANCH?
- MORGAN RANCH is a Texas oil lease in Howard County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 46462.
- Is MORGAN RANCH still producing?
- MORGAN RANCH is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MORGAN RANCH is August 2026.
- How much has MORGAN RANCH produced?
- MORGAN RANCH has reported 1,005,413 barrels of oil (bbl) to the Railroad Commission of Texas between May 2015 and August 2026, from 11 wellbores.
- How much is MORGAN RANCH worth?
- The remaining production from MORGAN RANCH is estimated to be worth about $5.8M in total as of 26 August 2026, within a range of $4.8M to $6.8M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MORGAN RANCH is a fraction of it. The estimate fits an Arps decline curve to the production MORGAN RANCH has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MORGAN RANCH is an estimate of value, not an offer and not an appraisal.
- How much income does MORGAN RANCH generate in a year?
- MORGAN RANCH is forecast to net about $1.5M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MORGAN RANCH receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Hannathon Petroleum, LLC |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Howard County, Texas |
| RRC district | 08 |
| Lease number | 46462 |
| Wellbores | 11 |
| Reported production | 1,005,413 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $5.8M |
Where MORGAN RANCH 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.