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Texas oil lease

Producing

MORGAN RANCH 38-47 UNIT

Morgan Ranch 38-47 Unit is an oil lease in Howard County, Texas, operated by Highpeak Energy Holdings, LLC in the Spraberry (Trend Area) field.

1 well

2,091bbl oil, last 12 months−80% vs prior year
Operator
Highpeak Energy Holdings, LLC
County
Howard County
Field
Spraberry (Trend Area)
RRC lease
08-49165

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Where it sits

This county

Howard CountyHowardMitchellMartinScurryDawsonBordenHoward County
Howard County
Gas, last 12 months
50,262 mcf
Oil in Jun 2026
0 bbl

Checks stopped on this lease?

  • Buyer

    Buyer changed: ET GATHERING & PROCESSING LLC replaced ETC JAMESON, LP as the buyer of this lease's gas from oil wells on Mar 1, 2026.

  • Sales

    No sales reported for the last 2 months of state data (through Jul 2026).

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

See why checks stop on this lease

Production by month

Oil output fell 80% over the last 12 months

Jul 2026 was not reported.

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 80% over the last 12 monthsMonthly oil production and gas for MORGAN RANCH 38-47 UNIT, Aug 2023 to Jul 2026. Oil output fell 80% over the last 12 months. 1,457 bbl in the 12 months through Jul 2026, against 7,221 bbl in the 12 months before.Last 12 months: 1,457 bblbbl per monthmcf per month002005,00040010k60015k80020kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 80% over the last 12 monthsMonthly oil production and gas for MORGAN RANCH 38-47 UNIT, Aug 2023 to Jul 2026. Oil output fell 80% over the last 12 months. 1,457 bbl in the 12 months through Jul 2026, against 7,221 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002005,00040010k60015k80020kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

All of the gas went to a processing plant in the last 12 months

All of the gas went to a processing plant in the last 12 monthsShare of MORGAN RANCH 38-47 UNIT gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to a processing plant in the last 12 months.Share of the lease’s gas by disposition code, per month0%50%100%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
All of the gas went to a processing plant in the last 12 monthsShare of MORGAN RANCH 38-47 UNIT gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to a processing plant in the last 12 months.Share of gas by disposition code0%50%100%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Who has run this lease

The operator changed once, most recently in Jun 2022

Operators of this lease over timeHannathon Petroleum, LLC, Jan 2020 to May 2022; Highpeak Energy Holdings, LLC, Jun 2022 to Jun 20262020202120222023202420252026Changed Jun 2022Hannathon Petroleum, LLCJan 2020 to May 2022Highpeak Energy Holdings, LLCJun 2022 to now
Operators of this lease over timeHannathon Petroleum, LLC, Jan 2020 to May 2022; Highpeak Energy Holdings, LLC, Jun 2022 to Jun 20262020202120222023202420252026Changed Jun 2022Hannathon Petroleum, LLCJan 2020 to May 2022Highpeak Energy Holdings, LLCJun 2022 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

1 well on this lease

Wells on MORGAN RANCH 38-47 UNIT
API numberWell no.Status
42-227-390291WBActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Dk Trading & Supply, LLCOilGathers100Aug 1, 2024–
Et Gathering & Processing LLCCasinghead gasBuys100Mar 1, 2026–
Energy Transfer CompanyCasinghead gasGathers100Aug 1, 2024–
Etc Jameson, LPCasinghead gasBuys100Aug 1, 2024Mar 1, 2026
Wtg Jameson, LPCasinghead gasGathers100Jun 27, 2022Aug 1, 2024
Wtg Jameson, LPCasinghead gasBuys100Jun 27, 2022Aug 1, 2024
Lion Oil Trading & Trans, LLCOilGathers100Aug 18, 2017Aug 1, 2024
Wtg Gas Processing, L.p.Casinghead gasGathers100May 17, 2017Jun 27, 2022
Wtg Gas Processing, L.p.Casinghead gasBuys100May 17, 2017Jun 27, 2022

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

Who buys my oilOil price check

480 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.

Check your decimal on this lease
Permits for Morgan Ranch 38-47 Unit
API numberWell no.Acreson the permit
42-227-390291WB480

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

Unit decimal checker

Estimate your royalty

36 months, newest first

Ledger for MORGAN RANCH 38-47 UNIT
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026No report–––––$80.46$2.89
Jun 2026Highpeak Energy00000$84.81$3.15
May 2026Highpeak Energy17181691690$102.13$2.94
Apr 2026Highpeak Energy00000$100.32$2.77
Mar 2026Highpeak Energy00000$91.38$3.04
Feb 2026Highpeak Energy0019190$64.51$3.62
Jan 2026Highpeak Energy0014140$60.04$7.72
Dec 2025Highpeak Energy001761760$57.97$4.26
Nov 2025Highpeak Energy30329914,04614,0460$60.06$3.79
Oct 2025Highpeak Energy40040813,72913,7290$60.89$3.19
Sep 2025Highpeak Energy4284278,0758,0750$63.96$2.97
Aug 2025Highpeak Energy3093877,0127,0120$64.86$2.91
Jul 2025Highpeak Energy6345377,0227,0220$68.39$3.20
Jun 2025Highpeak Energy4324643,7923,7920$68.17$3.02
May 2025Highpeak Energy3994915,5155,5150$62.17$3.12
Apr 2025Highpeak Energy6536094,4554,4550$63.54$3.42
Mar 2025Highpeak Energy5916443,2503,2500$68.24$4.12
Feb 2025Highpeak Energy7536403,1353,1350$71.53$4.19
Jan 2025Highpeak Energy5836783,5523,5520$75.74$4.13
Dec 2024Highpeak Energy6184723,7723,7720$70.12$3.01
Nov 2024Highpeak Energy5835453,3963,3960$69.95$2.12
Oct 2024Highpeak Energy6206493,9073,9070$71.99$2.20
Sep 2024Highpeak Energy6036183,3613,3610$70.24$2.28
Aug 2024Highpeak Energy7526963,9903,9900$76.68$1.99
Jul 2024Highpeak Energy5736123,7173,7170$81.80$2.07
Jun 2024Highpeak Energy5235342,8032,8030$79.77$2.54
May 2024Highpeak Energy6886853,7883,7880$80.02$2.12
Apr 2024Highpeak Energy6496433,3523,3520$85.35$1.60
Mar 2024Highpeak Energy5865542,1462,1460$81.28$1.49
Feb 2024Highpeak Energy4504653,7413,7410$77.25$1.72
Jan 2024Highpeak Energy5725973,2143,2140$74.15$3.18
Dec 2023Highpeak Energy6826653,1753,1750$71.90$2.52
Nov 2023Highpeak Energy6295781,5171,5170$77.69$2.71
Oct 2023Highpeak Energy6847323583580$85.64$2.98
Sep 2023Highpeak Energy7006413,6103,6100$89.43$2.64
Aug 2023Highpeak Energy6646453,0273,0270$81.39$2.58

No report filed

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

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Nearby

This lease belongs to

OperatorHighpeak Energy Holdings, LLCFieldSpraberry (Trend Area)CountyHoward County

Highpeak Energy Holdings, LLC in Howard County

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Spraberry (Trend Area) field

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