MORAND UNIT
MORAND UNIT is a Texas oil lease in Lee County, Railroad Commission district 03, operated by Bar-Mac Investments Inc. It has 2 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 16,268 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 $106K, with roughly $20K 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 16 barrels a month, about 8 per wellbore. Its strongest month on the record we hold was February 2021, at 40 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 MORAND UNIT
- Who operates MORAND UNIT?
- MORAND UNIT is operated by Bar-Mac Investments Inc., Railroad Commission of Texas operator number 049767.
- Where is MORAND UNIT?
- MORAND UNIT is a Texas oil lease in Lee County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 21060.
- Is MORAND UNIT still producing?
- MORAND UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MORAND UNIT is August 2026.
- How much has MORAND UNIT produced?
- MORAND UNIT has reported 16,268 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 2 wellbores.
- How much is MORAND UNIT worth?
- The remaining production from MORAND UNIT is estimated to be worth about $106K in total as of 26 August 2026, within a range of $59K to $154K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MORAND UNIT is a fraction of it. The estimate fits an Arps decline curve to the production MORAND UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MORAND UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does MORAND UNIT generate in a year?
- MORAND UNIT is forecast to net about $20K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MORAND UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Bar-Mac Investments Inc. |
|---|---|
| Field | Hooker Creek (Navarro A) |
| County | Lee County, Texas |
| RRC district | 03 |
| Lease number | 21060 |
| Wellbores | 2 |
| Reported production | 16,268 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $106K |
Where MORAND 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.