MORGAN UNIT
MORGAN UNIT is a Texas gas lease in Panola County, Railroad Commission district 06, operated by Devon Energy Production Co, L.P. It has 1 wellbore on file with the Commission. Reported production runs from July 2002 to August 2026, totalling 795,466 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 $43K, with roughly $7K 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 165 thousand cubic feet a month. Its strongest month on the record we hold was August 2017, at 3,543 thousand cubic feet. 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 MORGAN UNIT
- Who operates MORGAN UNIT?
- MORGAN UNIT is operated by Devon Energy Production Co, L.P., Railroad Commission of Texas operator number 216378.
- Where is MORGAN UNIT?
- MORGAN UNIT is a Texas gas lease in Panola County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 190475.
- Is MORGAN UNIT still producing?
- MORGAN UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MORGAN UNIT is August 2026.
- How much has MORGAN UNIT produced?
- MORGAN UNIT has reported 795,466 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between July 2002 and August 2026, from 1 wellbore.
- How much is MORGAN UNIT worth?
- The remaining production from MORGAN UNIT is estimated to be worth about $43K in total as of 26 August 2026, within a range of $34K to $53K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MORGAN UNIT is a fraction of it. The estimate fits an Arps decline curve to the production MORGAN UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MORGAN UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does MORGAN UNIT generate in a year?
- MORGAN UNIT is forecast to net about $7K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MORGAN UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Devon Energy Production Co, L.P. |
|---|---|
| Field | Carthage (Cotton Valley) |
| County | Panola County, Texas |
| RRC district | 06 |
| Lease number | 190475 |
| Wellbores | 1 |
| Reported production | 795,466 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $43K |
Where MORGAN 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.