MORAN
MORAN is a Texas oil lease in Ward County, Railroad Commission district 08, operated by Callon Petroleum Operating Co. It has 2 wellbores on file with the Commission. Reported production runs from April 2019 to August 2026, totalling 146,383 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 $212K, with roughly $39K 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 99 barrels a month, about 49 per wellbore. Its strongest month on the record we hold was April 2019, at 19,952 barrels. In our own backtest, leases producing at this rate are forecast to within about 45% 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 MORAN
- Who operates MORAN?
- MORAN is operated by Callon Petroleum Operating Co, Railroad Commission of Texas operator number 124828.
- Where is MORAN?
- MORAN is a Texas oil lease in Ward County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 52442.
- Is MORAN still producing?
- MORAN is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MORAN is August 2026.
- How much has MORAN produced?
- MORAN has reported 146,383 barrels of oil (bbl) to the Railroad Commission of Texas between April 2019 and August 2026, from 2 wellbores.
- How much is MORAN worth?
- The remaining production from MORAN is estimated to be worth about $212K in total as of 26 August 2026, within a range of $116K to $307K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MORAN is a fraction of it. The estimate fits an Arps decline curve to the production MORAN has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MORAN is an estimate of value, not an offer and not an appraisal.
- How much income does MORAN generate in a year?
- MORAN is forecast to net about $39K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MORAN receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Callon Petroleum Operating Co |
|---|---|
| Field | Phantom (Wolfcamp) |
| County | Ward County, Texas |
| RRC district | 08 |
| Lease number | 52442 |
| Wellbores | 2 |
| Reported production | 146,383 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $212K |
Where MORAN 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.