MORALES GAS UNIT
MORALES GAS UNIT is a Texas gas lease in Zapata County, Railroad Commission district 04, operated by Chesapeake Operating, Inc. It has 1 wellbore on file with the Commission. Reported production runs from September 2007 to August 2026, totalling 809,920 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 $35K, 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 187 thousand cubic feet a month. Its strongest month on the record we hold was October 2018, at 859 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 GAS UNIT
- Who operates MORALES GAS UNIT?
- MORALES GAS UNIT is operated by Chesapeake Operating, Inc., Railroad Commission of Texas operator number 147715.
- Where is MORALES GAS UNIT?
- MORALES GAS UNIT is a Texas gas lease in Zapata County, Texas, in Railroad Commission district 04. Its Railroad Commission lease number is 231974.
- Is MORALES GAS UNIT still producing?
- MORALES GAS UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MORALES GAS UNIT is August 2026.
- How much has MORALES GAS UNIT produced?
- MORALES GAS UNIT has reported 809,920 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between September 2007 and August 2026, from 1 wellbore.
- How much is MORALES GAS UNIT worth?
- The remaining production from MORALES GAS UNIT is estimated to be worth about $35K in total as of 27 August 2026, within a range of $27K to $42K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MORALES GAS UNIT is a fraction of it. The estimate fits an Arps decline curve to the production MORALES GAS UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MORALES GAS UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does MORALES GAS UNIT generate in a year?
- MORALES GAS UNIT is forecast to net about $4K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in MORALES GAS UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Chesapeake Operating, Inc. |
|---|---|
| Field | Falcon Lake, E. (Wilcox Cons.) |
| County | Zapata County, Texas |
| RRC district | 04 |
| Lease number | 231974 |
| Wellbores | 1 |
| Reported production | 809,920 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $35K |
Where MORALES GAS 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.