MORGAN
MORGAN is a Texas oil lease in Wichita County, Railroad Commission district 09, operated by Cholla Petroleum, Inc. It has 2 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 89,585 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 $674K, with roughly $130K 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 155 barrels a month, about 77 per wellbore. Its strongest month on the record we hold was August 2018, at 345 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
- Who operates MORGAN?
- MORGAN is operated by Cholla Petroleum, Inc., Railroad Commission of Texas operator number 150683.
- Where is MORGAN?
- MORGAN is a Texas oil lease in Wichita County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 05907.
- Is MORGAN still producing?
- MORGAN is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MORGAN is August 2026.
- How much has MORGAN produced?
- MORGAN has reported 89,585 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 2 wellbores.
- How much is MORGAN worth?
- The remaining production from MORGAN is estimated to be worth about $674K in total as of 26 August 2026, within a range of $525K to $822K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MORGAN is a fraction of it. The estimate fits an Arps decline curve to the production MORGAN has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MORGAN is an estimate of value, not an offer and not an appraisal.
- How much income does MORGAN generate in a year?
- MORGAN is forecast to net about $130K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MORGAN receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Cholla Petroleum, Inc. |
|---|---|
| Field | K-M-A |
| County | Wichita County, Texas |
| RRC district | 09 |
| Lease number | 05907 |
| Wellbores | 2 |
| Reported production | 89,585 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $674K |
Where MORGAN 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.