PHILIP IVY GAS UNIT
PHILIP IVY GAS UNIT is a Texas gas lease in Freestone County, Railroad Commission district 05, operated by Ocean Energy, Inc. It has 1 wellbore on file with the Commission. Reported production runs from September 2000 to August 2026, totalling 1,941,510 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 a standard royalty share at about $325, with roughly $180 expected over the next twelve months.
| Operator | Ocean Energy, Inc. |
|---|---|
| Field | Mimms Creek (Cotton Valley Sand) |
| County | Freestone County, Texas |
| RRC district | 05 |
| Lease number | 180332 |
| Wellbores | 1 |
| Reported production | 1,941,510 mcf |
| First reported | September 2000 |
| Last reported | August 2026 |
| Estimated royalty value | $325 |
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.