MORRILL-DREADNOUGHT
MORRILL-DREADNOUGHT is a Texas gas lease in Mcmullen County, Railroad Commission district 01, operated by Verdun Oil & Gas LLC. It has 1 wellbore on file with the Commission. Reported production runs from August 2021 to August 2026, totalling 879,284 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 $445K, with roughly $296K 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 3,478 thousand cubic feet a month. Its strongest month on the record we hold was September 2022, at 50,477 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 MORRILL-DREADNOUGHT
- Who operates MORRILL-DREADNOUGHT?
- MORRILL-DREADNOUGHT is operated by Verdun Oil & Gas LLC, Railroad Commission of Texas operator number 884566.
- Where is MORRILL-DREADNOUGHT?
- MORRILL-DREADNOUGHT is a Texas gas lease in Mcmullen County, Texas, in Railroad Commission district 01. Its Railroad Commission lease number is 299015.
- Is MORRILL-DREADNOUGHT still producing?
- MORRILL-DREADNOUGHT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MORRILL-DREADNOUGHT is August 2026.
- How much has MORRILL-DREADNOUGHT produced?
- MORRILL-DREADNOUGHT has reported 879,284 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between August 2021 and August 2026, from 1 wellbore.
- How much is MORRILL-DREADNOUGHT worth?
- The remaining production from MORRILL-DREADNOUGHT is estimated to be worth about $445K in total as of 27 August 2026, within a range of $369K to $521K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MORRILL-DREADNOUGHT is a fraction of it. The estimate fits an Arps decline curve to the production MORRILL-DREADNOUGHT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MORRILL-DREADNOUGHT is an estimate of value, not an offer and not an appraisal.
- How much income does MORRILL-DREADNOUGHT generate in a year?
- MORRILL-DREADNOUGHT is forecast to net about $296K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in MORRILL-DREADNOUGHT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Verdun Oil & Gas LLC |
|---|---|
| Field | Eagleville (Eagle Ford-1) |
| County | Mcmullen County, Texas |
| RRC district | 01 |
| Lease number | 299015 |
| Wellbores | 1 |
| Reported production | 879,284 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $445K |
Where MORRILL-DREADNOUGHT 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.