MORLEY NORTHWEST
MORLEY NORTHWEST is a Texas gas lease in Loving County, Railroad Commission district 08, operated by Oxy USA Inc. It has 1 wellbore on file with the Commission. Reported production runs from May 2017 to August 2026, totalling 1,599,566 thousand cubic feet. 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 $2.1M, with roughly $682K 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 6,392 thousand cubic feet a month. Its strongest month on the record we hold was June 2017, at 64,393 thousand cubic feet. 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 MORLEY NORTHWEST
- Who operates MORLEY NORTHWEST?
- MORLEY NORTHWEST is operated by Oxy USA Inc., Railroad Commission of Texas operator number 630591.
- Where is MORLEY NORTHWEST?
- MORLEY NORTHWEST is a Texas gas lease in Loving County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 291497.
- Is MORLEY NORTHWEST still producing?
- MORLEY NORTHWEST is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MORLEY NORTHWEST is August 2026.
- How much has MORLEY NORTHWEST produced?
- MORLEY NORTHWEST has reported 1,599,566 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between May 2017 and August 2026, from 1 wellbore.
- How much is MORLEY NORTHWEST worth?
- The remaining production from MORLEY NORTHWEST is estimated to be worth about $2.1M in total as of 27 August 2026, within a range of $1.7M to $2.4M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MORLEY NORTHWEST is a fraction of it. The estimate fits an Arps decline curve to the production MORLEY NORTHWEST has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MORLEY NORTHWEST is an estimate of value, not an offer and not an appraisal.
- How much income does MORLEY NORTHWEST generate in a year?
- MORLEY NORTHWEST is forecast to net about $682K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in MORLEY NORTHWEST receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Oxy USA Inc. |
|---|---|
| Field | Phantom (Wolfcamp) |
| County | Loving County, Texas |
| RRC district | 08 |
| Lease number | 291497 |
| Wellbores | 1 |
| Reported production | 1,599,566 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $2.1M |
Where MORLEY NORTHWEST 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.