MORGAN
MORGAN is a Texas gas lease in Madison County, Railroad Commission district 03, operated by Burk Royalty Co., Ltd. It has 1 wellbore on file with the Commission. Reported production runs from June 2016 to August 2026, totalling 108,688 thousand cubic feet. The lease is intermittent. 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 $619K, with roughly $118K 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 70 thousand cubic feet a month. Its strongest month on the record we hold was August 2016, at 18,753 thousand cubic feet. 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 MORGAN
- Who operates MORGAN?
- MORGAN is operated by Burk Royalty Co., Ltd., Railroad Commission of Texas operator number 108799.
- Where is MORGAN?
- MORGAN is a Texas gas lease in Madison County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 282311.
- Is MORGAN still producing?
- MORGAN is intermittent. The most recent month of production reported to the Railroad Commission of Texas for MORGAN is August 2026.
- How much has MORGAN produced?
- MORGAN has reported 108,688 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between June 2016 and August 2026, from 1 wellbore.
- How much is MORGAN worth?
- The remaining production from MORGAN is estimated to be worth about $619K in total as of 26 August 2026, within a range of $340K to $897K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MORGAN is a fraction of it. The estimate fits an Arps decline curve to the production MORGAN has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MORGAN is an estimate of value, not an offer and not an appraisal.
- How much income does MORGAN generate in a year?
- MORGAN is forecast to net about $118K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MORGAN receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Burk Royalty Co., Ltd. |
|---|---|
| Field | Fort Trinidad (Glen Rose, Upper) |
| County | Madison County, Texas |
| RRC district | 03 |
| Lease number | 282311 |
| Wellbores | 1 |
| Reported production | 108,688 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $619K |
Where MORGAN 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.