MORGANS BLUFF HACKBERRY UNIT
MORGANS BLUFF HACKBERRY UNIT is a Texas oil lease in Orange County, Railroad Commission district 03, operated by Ip Petroleum Company, Inc. It has 19 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 6,145,930 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 $4.7M, with roughly $1.0M 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 1,426 barrels a month, about 75 per wellbore. Its strongest month on the record we hold was August 2018, at 3,762 barrels. 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 MORGANS BLUFF HACKBERRY UNIT
- Who operates MORGANS BLUFF HACKBERRY UNIT?
- MORGANS BLUFF HACKBERRY UNIT is operated by Ip Petroleum Company, Inc., Railroad Commission of Texas operator number 425801.
- Where is MORGANS BLUFF HACKBERRY UNIT?
- MORGANS BLUFF HACKBERRY UNIT is a Texas oil lease in Orange County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 20480.
- Is MORGANS BLUFF HACKBERRY UNIT still producing?
- MORGANS BLUFF HACKBERRY UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MORGANS BLUFF HACKBERRY UNIT is August 2026.
- How much has MORGANS BLUFF HACKBERRY UNIT produced?
- MORGANS BLUFF HACKBERRY UNIT has reported 6,145,930 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 19 wellbores.
- How much is MORGANS BLUFF HACKBERRY UNIT worth?
- The remaining production from MORGANS BLUFF HACKBERRY UNIT is estimated to be worth about $4.7M in total as of 27 August 2026, within a range of $3.9M to $5.5M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MORGANS BLUFF HACKBERRY UNIT is a fraction of it. The estimate fits an Arps decline curve to the production MORGANS BLUFF HACKBERRY UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MORGANS BLUFF HACKBERRY UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does MORGANS BLUFF HACKBERRY UNIT generate in a year?
- MORGANS BLUFF HACKBERRY UNIT is forecast to net about $1.0M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in MORGANS BLUFF HACKBERRY UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Ip Petroleum Company, Inc. |
|---|---|
| Field | Morgan Bluff (Hackberry) |
| County | Orange County, Texas |
| RRC district | 03 |
| Lease number | 20480 |
| Wellbores | 19 |
| Reported production | 6,145,930 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $4.7M |
Where MORGANS BLUFF HACKBERRY UNIT 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.