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Royalty Clerk

Texas oil lease · RRC district 10 · Lease 00368

Producing

MORSE -E-

Morse -E- is an oil lease in Gray County, Texas, operated by Bradley Operating Co. in the Panhandle Gray County Field field. The Railroad Commission shows 1,524 bbl of oil in the 12 months through Jul 2026.

Oil lease dossier · 5 wells

1,524bbl oil, last 12 months−12% vs prior year
Operator
Bradley Operating Co.
County
Gray County
Field
Panhandle Gray County Field
RRC lease
10-00368

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Where it sits

This county

Gray CountyGrayHutchinsonHemphillCarsonWheelerRobertsGray County
Gray County · RRC district 10Open Gray County →
Gas, last 12 months
24 mcf
Oil in Jul 2026
147 bbl
Reporting to the state
since Jan 2020
Wells
5

Production

Month by month, from the state record

What the Railroad Commission says this oil lease produced. Oil is in barrels (bbl). Gas is in thousand cubic feet (mcf).

Oil output fell 12% over the last 12 months

1,524 bbl in the 12 months through Jul 2026, against 1,732 bbl in the 12 months before.

  • Oil (bars, left axis)
  • Gas (line, right axis)
  • Last 12 months
Oil output fell 12% over the last 12 monthsMonthly oil production and gas for MORSE -E-, Aug 2023 to Jul 2026. Oil output fell 12% over the last 12 months. 1,524 bbl in the 12 months through Jul 2026, against 1,732 bbl in the 12 months before.Last 12 months: 1,524 bblbbl per monthmcf per month0010020200403006040080Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 12% over the last 12 monthsMonthly oil production and gas for MORSE -E-, Aug 2023 to Jul 2026. Oil output fell 12% over the last 12 months. 1,524 bbl in the 12 months through Jul 2026, against 1,732 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month0010020200403006040080Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, oil lease 00368, district 10. Reported through Jul 2026. The state revises recent months.

Gas disposition

Where the gas went

Every month the operator tells the state where each mcf of gas went, using a code. The code decides how your gas is paid.

All of the gas went to a processing plant in the 9 months reported

Each bar is one month. Colors are the disposition codes the operator reported.

All of the gas went to a processing plant in the 9 months reportedShare of MORSE -E- gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to a processing plant in the 9 months reported. 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 9 months reportedShare of MORSE -E- gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to a processing plant in the 9 months reported. Share of gas by disposition code0%50%100%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, gas disposition by code, lease 00368, district 10. Reported through Jul 2026.

Processing plant (3)

Sent to a gas plant that pulls out natural gas liquids. Your statement should show plant products, and may show processing fees.

None of the gas was flared in the 9 months reported.

Operator history

Who has run this lease

The operator runs the wells and pays your royalty. When the operator changes, payments often slip for a month or two.

The operator changed once, most recently in May 2020

If your statements skip or shrink around a change, ask the new operator's owner relations department whether the month is in suspense.

Operators of this lease over timeGalt Oil & Gas, LLC, Jan 2020 to Apr 2020; Bradley Operating Co., May 2020 to Jul 20262020202120222023202420252026Changed May 2020Galt Oil & Gas, LLCJan 2020 to Apr 2020Bradley Operating Co.May 2020 to now
Operators of this lease over timeGalt Oil & Gas, LLC, Jan 2020 to Apr 2020; Bradley Operating Co., May 2020 to Jul 20262020202120222023202420252026Changed May 2020Galt Oil & Gas, LLCJan 2020 to Apr 2020Bradley Operating Co.May 2020 to now

SourceTexas Railroad Commission Production Data Query, operator by month. Reported through Jul 2026.

Wells

5 wells on this lease

Every well the Railroad Commission links to oil lease 00368 in district 10. The API number is the state’s ID for a well.
Wells on MORSE -E-
API numberWell no.Status
42-179-325876RActive
42-179-326147Active
42-179-818581Active
42-179-818592Active
42-179-818604Active

SourceTexas Railroad Commission Wellbore Query, district 10, lease 00368.

Who buys and gathers

Who moves and buys this lease's production

The operator files a Form P-4 with the Railroad Commission naming the companies authorised to gather and buy the oil and gas. The buyer's price is the one your royalty is figured on.

  • Oil

    Cp Energy, L.l.c. gathers it.

    100% of it, on the list since May 31, 2020

  • Gas from oil wells

    Energy Transfer Company buys and gathers it.

    Energy Transfer Company buys it: 100% of it, on the list since May 31, 2020 · Energy Transfer Company gathers it: 100% of it, on the list since Sep 1, 2017

Companies that used to be listed: Etc Texas P/L, LTD (buys it, until May 31, 2020); Valero Marketing and Supply Co. (gathers it, until May 31, 2020).

SourceRailroad Commission of Texas, Form P-4 file, dated Sep 24, 2026 (source). A listed company is authorised to move or buy the production; the state does not say what it paid.

Who buys my oil and gasIs my oil price fair?

Unit and wells

80 acres on the newest permit

Acres and wells as the operator filed them on its Railroad Commission drilling permits. Your decimal is your net acres over the unit acres, so this is the number to hold your division order against.
Wells on the permits
53 not plugged
Horizontal
0
First completion
Jan 12, 1984
Latest permit
Oct 7, 2013
Wells and acres on the permits for Morse -E-
API numberWell no.Acreson the permit
42-179-32614780
42-179-325876R80
42-179-818581–
42-179-818592–
42-179-818604–

SourceRailroad Commission of Texas, drilling permits and wellbore file, Sep 26, 2026 (source 1, source 2). The acres are what the operator filed; they are not a survey.

Check my decimal against the unit

Estimator

Estimate your royalty for this lease

A rough check before you look at a statement: the state volumes times your decimal, priced at WTI and Henry Hub.

Estimator

What could your check be?

Your decimal interest is the small number on your division order that says what share of the whole lease (8/8ths) is yours. Type it in and we apply it to what the state says MORSE -E- sold each month.

For example 0.00097656, or a fraction like 1/1024.

Dollars per barrel. Your statements show the gap your operator uses. Leave 0 to price oil at WTI.

Your estimate appears here

Enter your decimal to see an estimated royalty for each of the last 12 months this lease reported. Nothing you type leaves your browser.

An estimate, not your check

It ignores gathering and processing fees, taxes, plant products and the price your operator actually gets, so your statement will differ. Use it as a ceiling to compare against. Regional gas prices are often below Henry Hub.

Ledger

36 months, newest first

Compare these numbers with your statements. Your share of a month is the “Oil sold” volume times your decimal. Scroll sideways on a phone.
Monthly production, disposition and prices for MORSE -E-
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3Flaredmcf, code 4WTI$ per bblHenry Hub$ per MMBtu
Jul 2026Bradley Operating147148000$80.46$2.89
Jun 2026Bradley Operating161160000$84.81$3.15
May 2026Bradley Operating156160000$102.13$2.94
Apr 2026Bradley Operating20000$100.32$2.77
Mar 2026Bradley Operating158162000$91.38$3.04
Feb 2026Bradley Operating308313000$64.51$3.62
Jan 2026Bradley Operating30000$60.04$7.72
Dec 2025Bradley Operating40000$57.97$4.26
Nov 2025Bradley Operating161162000$60.06$3.79
Oct 2025Bradley Operating160159000$60.89$3.19
Sep 2025Bradley Operating109106000$63.96$2.97
Aug 2025Bradley Operating15515724240$64.86$2.91
Jul 2025Bradley Operating31131824240$68.39$3.20
Jun 2025Bradley Operating5036360$68.17$3.02
May 2025Bradley Operating160156000$62.17$3.12
Apr 2025Bradley Operating153154000$63.54$3.42
Mar 2025Bradley Operating158160000$68.24$4.12
Feb 2025Bradley Operating155160000$71.53$4.19
Jan 2025Bradley Operating130162000$75.74$4.13
Dec 2024Bradley Operating170145440$70.12$3.01
Nov 2024Bradley Operating160320000$69.95$2.12
Oct 2024Bradley Operating500000$71.99$2.20
Sep 2024Bradley Operating23015945450$70.24$2.28
Aug 2024Bradley Operating5015835350$76.68$1.99
Jul 2024Bradley Operating312156000$81.80$2.07
Jun 2024Bradley Operating160158000$79.77$2.54
May 2024Bradley Operating16015752520$80.02$2.12
Apr 2024Bradley Operating16015952520$85.35$1.60
Mar 2024Bradley Operating145159000$81.28$1.49
Feb 2024Bradley Operating170159000$77.25$1.72
Jan 2024Bradley Operating160159000$74.15$3.18
Dec 2023Bradley Operating165161000$71.90$2.52
Nov 2023Bradley Operating145157000$77.69$2.71
Oct 2023Bradley Operating50000$85.64$2.98
Sep 2023Bradley Operating158159000$89.43$2.64
Aug 2023Bradley Operating15815857570$81.39$2.58

No report filed More than 3% of gas flared

SourceVolumes: Texas Railroad Commission Production Data Query, reported through Jul 2026. Prices: EIA WTI Cushing spot and Henry Hub spot, monthly, through Aug 2026. “Gas sold” is gas sent to a transmission line (code 2) or a plant (code 3).

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Around this lease

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This lease belongs to

OperatorBradley Operating Co.FieldPanhandle Gray County FieldCountyGray County

Bradley Operating Co. in Gray County

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Panhandle Gray County Field field

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Leases within 10 km

Found by the location of their wells.

New drilling permits in Gray County

We do not have coordinates for this lease, so these are the newest permits in its county.

How to read this page

Questions owners ask

What is a decimal interest?

It is your share of the whole lease, written as a decimal. A 1/4 royalty on 5 net acres in a 1,280-acre unit is 1/4 × 5 ÷ 1,280 = 0.00097656. Your division order states yours.

How do I use this page to check a royalty check?

Take the “Oil sold” volume for the month the check covers and multiply it by your decimal. The answer should match the barrels on your statement. If it does not, upload the statement and we will show where the two differ.

Why is the newest month Jul 2026?

The Railroad Commission publishes production two to three months after the fact and revises recent months. We re-pull the latest three months on every update.

Does this page show what my check should be?

No. It shows what the state recorded. Prices, fees and taxes depend on your lease and on what your operator gets for the oil and gas. The estimator gives a ceiling to compare against.

Sources and method

Where these numbers come from

  • Production and disposition by month: Texas Railroad Commission Production Data Query, oil lease 00368, district 10, reported through Jul 2026.
  • Wells: Texas Railroad Commission Wellbore Query.
  • Prices: U.S. Energy Information Administration, WTI Cushing spot and Henry Hub spot, monthly.
  • Page updated Sep 28, 2026.

We show the state’s numbers as filed. Where the state has no report for a month, we say so instead of guessing.