MORLEY SOUTHEAST
MORLEY SOUTHEAST 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 November 2020 to August 2026, totalling 782,263 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 $1.5M, with roughly $775K 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 7,149 thousand cubic feet a month. Its strongest month on the record we hold was December 2021, at 33,048 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 SOUTHEAST
- Who operates MORLEY SOUTHEAST?
- MORLEY SOUTHEAST is operated by Oxy USA Inc., Railroad Commission of Texas operator number 630591.
- Where is MORLEY SOUTHEAST?
- MORLEY SOUTHEAST is a Texas gas lease in Loving County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 291579.
- Is MORLEY SOUTHEAST still producing?
- MORLEY SOUTHEAST is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MORLEY SOUTHEAST is August 2026.
- How much has MORLEY SOUTHEAST produced?
- MORLEY SOUTHEAST has reported 782,263 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between November 2020 and August 2026, from 1 wellbore.
- How much is MORLEY SOUTHEAST worth?
- The remaining production from MORLEY SOUTHEAST is estimated to be worth about $1.5M in total as of 26 August 2026, within a range of $1.2M to $1.8M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MORLEY SOUTHEAST is a fraction of it. The estimate fits an Arps decline curve to the production MORLEY SOUTHEAST has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MORLEY SOUTHEAST is an estimate of value, not an offer and not an appraisal.
- How much income does MORLEY SOUTHEAST generate in a year?
- MORLEY SOUTHEAST is forecast to net about $775K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MORLEY SOUTHEAST 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 | 291579 |
| Wellbores | 1 |
| Reported production | 782,263 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.5M |
Where MORLEY SOUTHEAST 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.