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Texas oil lease

Producing

MORGAN 25-26

Morgan 25-26 is an oil lease in Upton County, Texas, operated by Pioneer Natural Res. USA, Inc. in the Spraberry (Trend Area) R 40 Exc field.

1 well

8,137bbl oil, last 12 months−48% vs prior year
RRC lease
7C-19108

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Where it sits

This county

Upton CountyUptonMidlandCraneGlasscockReaganEctorUpton County
Upton County
Gas, last 12 months
91,088 mcf
Oil in Jul 2026
0 bbl

Checks stopped on this lease?

  • Sales

    No sales reported for the last 4 months of state data (through Jul 2026).

SourceRailroad Commission production, P-5 and P-4 records, data through Jul 2026.

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Production by month

Oil output fell 48% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 48% over the last 12 monthsMonthly oil production and gas for MORGAN 25-26, Aug 2023 to Jul 2026. Oil output fell 48% over the last 12 months. 8,137 bbl in the 12 months through Jul 2026, against 15,590 bbl in the 12 months before.Last 12 months: 8,137 bblbbl per monthmcf per month005005,0001,00010k1,50015k2,00020k2,50025kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 48% over the last 12 monthsMonthly oil production and gas for MORGAN 25-26, Aug 2023 to Jul 2026. Oil output fell 48% over the last 12 months. 8,137 bbl in the 12 months through Jul 2026, against 15,590 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month005005,0001,00010k1,50015k2,00020k2,50025kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

Since Apr 2026 the lease's gas goes to lease fuel instead of a processing plant

  • Processing plant (3)
  • Lease fuel (1)
  • Flared (4)
Since Apr 2026 the lease's gas goes to lease fuel instead of a processing plantShare of MORGAN 25-26 gas by disposition code each month, Aug 2023 to Jul 2026. Since Apr 2026 the lease's gas goes to lease fuel instead of a processing plant.Share of the lease’s gas by disposition code, per month0%50%100%Apr 2026: plant to fuelOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Apr 2026 the lease's gas goes to lease fuel instead of a processing plantShare of MORGAN 25-26 gas by disposition code each month, Aug 2023 to Jul 2026. Since Apr 2026 the lease's gas goes to lease fuel instead of a processing plant.Share of gas by disposition code0%50%100%Apr 26: plant to fuelJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    97% · 88,168 mcf

  • Lease fuel (1)

    3.2% · 2,920 mcf

Who has run this lease

The operator changed once, most recently in Feb 2021

Operators of this lease over timeParsley Energy Operations, LLC, Jan 2020 to Jan 2021; Pioneer Natural Res. USA, Inc., Feb 2021 to Jul 20262020202120222023202420252026Changed Feb 2021Parsley Energy Operations, LLCJan 2020 to Jan 2021Pioneer Natural Res. USA, Inc.Feb 2021 to now
Operators of this lease over timeParsley Energy Operations, LLC, Jan 2020 to Jan 2021; Pioneer Natural Res. USA, Inc., Feb 2021 to Jul 20262020202120222023202420252026Changed Feb 2021Parsley Energy Operations, LLCJan 2020 to Jan 2021Pioneer Natural Res. USA, Inc.Feb 2021 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

1 well on this lease

Wells on MORGAN 25-26
API numberWell no.Status
42-461-4000311HActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%From
Medallion Operating Company, LLCOilGathers50Sep 1, 2016
Shell Trading (Us) CompanyOilGathers50Sep 1, 2016
Targa Pl Mid-Cont Westtex LLCCasinghead gasBuys100Sep 1, 2016
Targa Pl Mid-Cont Westtex LLCCasinghead gasGathers100Sep 1, 2016

SourceRailroad Commission Form P-4 file, Sep 24, 2026 (source).

600 acres on the newest permit

  • Worth asking

    An allocation well is on this lease

    A well drilled across several tracts shares its production by an allocation formula, so the decimal is not always your acres over the unit acres. Ask the operator for the allocation formula and the tract factor for your land.

  • Worth asking

    A Rule 37 case is listed

    The RRC permit records list a Rule 37 case. This does not establish your royalty share. Ask for the permit and unit plat for your well.

Check your decimal on this lease
Permits for Morgan 25-26
API numberWell no.Acreson the permit
42-461-4000311H600

SourceRailroad Commission drilling permits, Oct 3, 2026 (source 1, source 2).

Estimate your royalty

36 months, newest first

Ledger for MORGAN 25-26
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Pioneer Natural0024800$80.46$2.89
Jun 2026Pioneer Natural0024000$84.81$3.15
May 2026Pioneer Natural0024800$102.13$2.94
Apr 2026Pioneer Natural0024000$100.32$2.77
Mar 2026Pioneer Natural5421,0076,1385,8900$91.38$3.04
Feb 2026Pioneer Natural8535779,2489,0240$64.51$3.62
Jan 2026Pioneer Natural1,0831,02911,90411,6560$60.04$7.72
Dec 2025Pioneer Natural1,1281,17912,38712,1390$57.97$4.26
Nov 2025Pioneer Natural1,1231,19812,50712,2670$60.06$3.79
Oct 2025Pioneer Natural1,1101,11812,40412,1560$60.89$3.19
Sep 2025Pioneer Natural1,1011,40212,62212,3820$63.96$2.97
Aug 2025Pioneer Natural1,1971,38012,90212,6540$64.86$2.91
Jul 2025Pioneer Natural1,2731,06213,23712,9890$68.39$3.20
Jun 2025Pioneer Natural87796612,46012,2200$68.17$3.02
May 2025Pioneer Natural1,3671,12013,08612,8380$62.17$3.12
Apr 2025Pioneer Natural1,3271,39312,72712,4870$63.54$3.42
Mar 2025Pioneer Natural1,5051,41813,84713,5990$68.24$4.12
Feb 2025Pioneer Natural1,3441,26212,51812,2940$71.53$4.19
Jan 2025Pioneer Natural1,3541,75213,22812,9800$75.74$4.13
Dec 2024Pioneer Natural1,4921,74914,53114,2830$70.12$3.01
Nov 2024Pioneer Natural1,7211,24613,28813,0480$69.95$2.12
Oct 2024Pioneer Natural1,0681,0578,7358,45235$71.99$2.20
Sep 2024Pioneer Natural7667616,6036,4456$70.24$2.28
Aug 2024Pioneer Natural1,4961,38614,00512,98162$76.68$1.99
Jul 2024Pioneer Natural1,5501,56713,45512,44762$81.80$2.07
Jun 2024Pioneer Natural1,5881,63212,99812,01760$79.77$2.54
May 2024Pioneer Natural1,6161,39812,90911,96362$80.02$2.12
Apr 2024Pioneer Natural1,7682,1009,7558,76960$85.35$1.60
Mar 2024Pioneer Natural1,9951,9805,7034,68062$81.28$1.49
Feb 2024Pioneer Natural2,0112,06011,44810,49158$77.25$1.72
Jan 2024Pioneer Natural1,5461,2888,2567,49975$74.15$3.18
Dec 2023Pioneer Natural2,2512,26011,23310,131142$71.90$2.52
Nov 2023Pioneer Natural1,8151,72810,2669,3460$77.69$2.71
Oct 2023Pioneer Natural1,9541,9489,2208,4340$85.64$2.98
Sep 2023Pioneer Natural2,1822,2378,5787,6470$89.43$2.64
Aug 2023Pioneer Natural2,2712,1508,0127,0550$81.39$2.58

SourceTexas Railroad Commission Production Data Query, through Jul 2026. Prices: EIA, through Aug 2026. Updated Oct 2, 2026.

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Nearby

Pioneer Natural Res. USA, Inc. in Upton County

All Pioneer Natural Res. USA, Inc. leases →

Spraberry (Trend Area) R 40 Exc field

All leases in this field →

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Drilling permits within 10 km