MORRIS (ALLOCATION)
MORRIS (ALLOCATION) is a Texas oil lease in Madison County, Railroad Commission district 03, operated by Woodbine Acquisition LLC. It has 1 wellbore on file with the Commission. Reported production runs from October 2014 to August 2026, totalling 122,497 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 $597K, with roughly $105K 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 120 barrels a month. Its strongest month on the record we hold was January 2017, at 1,137 barrels. In our own backtest, leases producing at this rate are forecast to within about 22% 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 MORRIS (ALLOCATION)
- Who operates MORRIS (ALLOCATION)?
- MORRIS (ALLOCATION) is operated by Woodbine Acquisition LLC, Railroad Commission of Texas operator number 937857.
- Where is MORRIS (ALLOCATION)?
- MORRIS (ALLOCATION) is a Texas oil lease in Madison County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 27034.
- Is MORRIS (ALLOCATION) still producing?
- MORRIS (ALLOCATION) is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MORRIS (ALLOCATION) is August 2026.
- How much has MORRIS (ALLOCATION) produced?
- MORRIS (ALLOCATION) has reported 122,497 barrels of oil (bbl) to the Railroad Commission of Texas between October 2014 and August 2026, from 1 wellbore.
- How much is MORRIS (ALLOCATION) worth?
- The remaining production from MORRIS (ALLOCATION) is estimated to be worth about $597K in total as of 26 August 2026, within a range of $465K to $728K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MORRIS (ALLOCATION) is a fraction of it. The estimate fits an Arps decline curve to the production MORRIS (ALLOCATION) has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MORRIS (ALLOCATION) is an estimate of value, not an offer and not an appraisal.
- How much income does MORRIS (ALLOCATION) generate in a year?
- MORRIS (ALLOCATION) is forecast to net about $105K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MORRIS (ALLOCATION) receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Woodbine Acquisition LLC |
|---|---|
| Field | Madisonville, W. (Woodbine -A-) |
| County | Madison County, Texas |
| RRC district | 03 |
| Lease number | 27034 |
| Wellbores | 1 |
| Reported production | 122,497 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $597K |
Where MORRIS (ALLOCATION) 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.