PHILLIPS UNIVERSITY -GG-
PHILLIPS UNIVERSITY -GG- is a Texas oil lease in Andrews County, Railroad Commission district 08, operated by Union Oil Company Of California. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 65,363 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 $705K, with roughly $135K 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 187 barrels a month. Its strongest month on the record we hold was June 2022, at 243 barrels. In our own backtest, leases producing at this rate are forecast to within about 22% 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 PHILLIPS UNIVERSITY -GG-
- Who operates PHILLIPS UNIVERSITY -GG-?
- PHILLIPS UNIVERSITY -GG- is operated by Union Oil Company Of California, Railroad Commission of Texas operator number 876520.
- Where is PHILLIPS UNIVERSITY -GG-?
- PHILLIPS UNIVERSITY -GG- is a Texas oil lease in Andrews County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 32979.
- Is PHILLIPS UNIVERSITY -GG- still producing?
- PHILLIPS UNIVERSITY -GG- is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PHILLIPS UNIVERSITY -GG- is August 2026.
- How much has PHILLIPS UNIVERSITY -GG- produced?
- PHILLIPS UNIVERSITY -GG- has reported 65,363 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is PHILLIPS UNIVERSITY -GG- worth?
- The remaining production from PHILLIPS UNIVERSITY -GG- is estimated to be worth about $705K in total as of 27 August 2026, within a range of $550K to $860K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PHILLIPS UNIVERSITY -GG- is a fraction of it. The estimate fits an Arps decline curve to the production PHILLIPS UNIVERSITY -GG- has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PHILLIPS UNIVERSITY -GG- is an estimate of value, not an offer and not an appraisal.
- How much income does PHILLIPS UNIVERSITY -GG- generate in a year?
- PHILLIPS UNIVERSITY -GG- is forecast to net about $135K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in PHILLIPS UNIVERSITY -GG- receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Union Oil Company Of California |
|---|---|
| Field | University Block 9 (Penn.) |
| County | Andrews County, Texas |
| RRC district | 08 |
| Lease number | 32979 |
| Wellbores | 1 |
| Reported production | 65,363 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $705K |
Where PHILLIPS UNIVERSITY -GG- 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.