MORALES "65"
MORALES "65" is a Texas gas lease in Stephens County, Railroad Commission district 7B, operated by Rodessa Operating Company. It has 1 wellbore on file with the Commission. Reported production runs from September 1999 to August 2026, totalling 275,034 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 $28K, with roughly $4K 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 151 thousand cubic feet a month. Its strongest month on the record we hold was May 2016, at 1,604 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 MORALES "65"
- Who operates MORALES "65"?
- MORALES "65" is operated by Rodessa Operating Company, Railroad Commission of Texas operator number 723592.
- Where is MORALES "65"?
- MORALES "65" is a Texas gas lease in Stephens County, Texas, in Railroad Commission district 7B. Its Railroad Commission lease number is 175322.
- Is MORALES "65" still producing?
- MORALES "65" is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MORALES "65" is August 2026.
- How much has MORALES "65" produced?
- MORALES "65" has reported 275,034 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between September 1999 and August 2026, from 1 wellbore.
- How much is MORALES "65" worth?
- The remaining production from MORALES "65" is estimated to be worth about $28K in total as of 26 August 2026, within a range of $22K to $35K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MORALES "65" is a fraction of it. The estimate fits an Arps decline curve to the production MORALES "65" has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MORALES "65" is an estimate of value, not an offer and not an appraisal.
- How much income does MORALES "65" generate in a year?
- MORALES "65" is forecast to net about $4K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MORALES "65" receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Rodessa Operating Company |
|---|---|
| Field | Birdsong (Lake Sand) |
| County | Stephens County, Texas |
| RRC district | 7B |
| Lease number | 175322 |
| Wellbores | 1 |
| Reported production | 275,034 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $28K |
Where MORALES "65" 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.