MORGAN-CARLETON 24A
MORGAN-CARLETON 24A is a Texas oil lease in Upton County, Railroad Commission district 7C, operated by Pioneer Natural Res. USA, Inc. It has 1 wellbore on file with the Commission. Reported production runs from November 2025 to August 2026, totalling 9,381 barrels. The lease is intermittent. 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 $583K, with roughly $110K 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 142 barrels a month. Its strongest month on the record we hold was April 2026, at 850 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 MORGAN-CARLETON 24A
- Who operates MORGAN-CARLETON 24A?
- MORGAN-CARLETON 24A is operated by Pioneer Natural Res. USA, Inc., Railroad Commission of Texas operator number 665748.
- Where is MORGAN-CARLETON 24A?
- MORGAN-CARLETON 24A is a Texas oil lease in Upton County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 23465.
- Is MORGAN-CARLETON 24A still producing?
- MORGAN-CARLETON 24A is intermittent. The most recent month of production reported to the Railroad Commission of Texas for MORGAN-CARLETON 24A is August 2026.
- How much has MORGAN-CARLETON 24A produced?
- MORGAN-CARLETON 24A has reported 9,381 barrels of oil (bbl) to the Railroad Commission of Texas between November 2025 and August 2026, from 1 wellbore.
- How much is MORGAN-CARLETON 24A worth?
- The remaining production from MORGAN-CARLETON 24A is estimated to be worth about $583K in total as of 26 August 2026, within a range of $454K to $711K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MORGAN-CARLETON 24A is a fraction of it. The estimate fits an Arps decline curve to the production MORGAN-CARLETON 24A has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MORGAN-CARLETON 24A is an estimate of value, not an offer and not an appraisal.
- How much income does MORGAN-CARLETON 24A generate in a year?
- MORGAN-CARLETON 24A is forecast to net about $110K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MORGAN-CARLETON 24A receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Pioneer Natural Res. USA, Inc. |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Upton County, Texas |
| RRC district | 7C |
| Lease number | 23465 |
| Wellbores | 1 |
| Reported production | 9,381 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $583K |
Where MORGAN-CARLETON 24A 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.