PHILLIPS STATE (H)
PHILLIPS STATE (H) is a Texas oil lease in Reagan County, Railroad Commission district 7C, operated by Valley Resources, Inc. It has 5 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 16,967 barrels. 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 $774, with roughly $149 expected over the next twelve months.
| Operator | Valley Resources, Inc. |
|---|---|
| Field | Farmer (San Andres) |
| County | Reagan County, Texas |
| RRC district | 7C |
| Lease number | 10149 |
| Wellbores | 5 |
| Reported production | 16,967 bbl |
| First reported | January 1993 |
| Last reported | August 2026 |
| Estimated royalty value | $774 |
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.