TRANSCONTINENTAL PHILLIPS
TRANSCONTINENTAL PHILLIPS is a Texas oil lease in Irion County, Railroad Commission district 7C, operated by Fortune Production Co. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 20,716 barrels. 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 $127K, with roughly $24K 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 18 barrels a month. Its strongest month on the record we hold was April 2018, at 99 barrels. In our own backtest, leases producing at this rate are forecast to within about 45% 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 TRANSCONTINENTAL PHILLIPS
- Who operates TRANSCONTINENTAL PHILLIPS?
- TRANSCONTINENTAL PHILLIPS is operated by Fortune Production Co., Railroad Commission of Texas operator number 278770.
- Where is TRANSCONTINENTAL PHILLIPS?
- TRANSCONTINENTAL PHILLIPS is a Texas oil lease in Irion County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 07899.
- Is TRANSCONTINENTAL PHILLIPS still producing?
- TRANSCONTINENTAL PHILLIPS is currently producing. The most recent month of production reported to the Railroad Commission of Texas for TRANSCONTINENTAL PHILLIPS is August 2026.
- How much has TRANSCONTINENTAL PHILLIPS produced?
- TRANSCONTINENTAL PHILLIPS has reported 20,716 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is TRANSCONTINENTAL PHILLIPS worth?
- The remaining production from TRANSCONTINENTAL PHILLIPS is estimated to be worth about $127K in total as of 26 August 2026, within a range of $70K to $184K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in TRANSCONTINENTAL PHILLIPS is a fraction of it. The estimate fits an Arps decline curve to the production TRANSCONTINENTAL PHILLIPS has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for TRANSCONTINENTAL PHILLIPS is an estimate of value, not an offer and not an appraisal.
- How much income does TRANSCONTINENTAL PHILLIPS generate in a year?
- TRANSCONTINENTAL PHILLIPS is forecast to net about $24K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in TRANSCONTINENTAL PHILLIPS receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Fortune Production Co. |
|---|---|
| Field | Irion, W. (Canyon) |
| County | Irion County, Texas |
| RRC district | 7C |
| Lease number | 07899 |
| Wellbores | 1 |
| Reported production | 20,716 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $127K |
Where TRANSCONTINENTAL PHILLIPS 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.