IVY, PHILIP GAS UNIT
IVY, PHILIP 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 January 2001 to August 2026, totalling 1,761,395 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 $604K, with roughly $91K 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 4,823 thousand cubic feet a month. Its strongest month on the record we hold was October 2022, at 13,790 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 17% 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 IVY, PHILIP GAS UNIT
- Who operates IVY, PHILIP GAS UNIT?
- IVY, PHILIP GAS UNIT is operated by Ocean Energy, Inc., Railroad Commission of Texas operator number 617549.
- Where is IVY, PHILIP GAS UNIT?
- IVY, PHILIP GAS UNIT is a Texas gas lease in Freestone County, Texas, in Railroad Commission district 05. Its Railroad Commission lease number is 181948.
- Is IVY, PHILIP GAS UNIT still producing?
- IVY, PHILIP GAS UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for IVY, PHILIP GAS UNIT is August 2026.
- How much has IVY, PHILIP GAS UNIT produced?
- IVY, PHILIP GAS UNIT has reported 1,761,395 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 2001 and August 2026, from 1 wellbore.
- How much is IVY, PHILIP GAS UNIT worth?
- The remaining production from IVY, PHILIP GAS UNIT is estimated to be worth about $604K in total as of 27 August 2026, within a range of $501K to $706K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in IVY, PHILIP GAS UNIT is a fraction of it. The estimate fits an Arps decline curve to the production IVY, PHILIP 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 IVY, PHILIP GAS UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does IVY, PHILIP GAS UNIT generate in a year?
- IVY, PHILIP GAS UNIT is forecast to net about $91K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in IVY, PHILIP GAS UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Ocean Energy, Inc. |
|---|---|
| Field | Reed (Bossier Sand) |
| County | Freestone County, Texas |
| RRC district | 05 |
| Lease number | 181948 |
| Wellbores | 1 |
| Reported production | 1,761,395 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $604K |
Where IVY, PHILIP 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.