FORTUNE 500
FORTUNE 500 is a Texas oil lease in Ector County, Railroad Commission district 08, operated by Phillips Petroleum Company. It has 2 wellbores on file with the Commission. Reported production runs from September 1993 to August 2026, totalling 406,575 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 $5.9M, with roughly $1.4M 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 2,019 barrels a month, about 1,009 per wellbore. Its strongest month on the record we hold was December 2021, at 3,248 barrels. 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 FORTUNE 500
- Who operates FORTUNE 500?
- FORTUNE 500 is operated by Phillips Petroleum Company, Railroad Commission of Texas operator number 663680.
- Where is FORTUNE 500?
- FORTUNE 500 is a Texas oil lease in Ector County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 33968.
- Is FORTUNE 500 still producing?
- FORTUNE 500 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for FORTUNE 500 is August 2026.
- How much has FORTUNE 500 produced?
- FORTUNE 500 has reported 406,575 barrels of oil (bbl) to the Railroad Commission of Texas between September 1993 and August 2026, from 2 wellbores.
- How much is FORTUNE 500 worth?
- The remaining production from FORTUNE 500 is estimated to be worth about $5.9M in total as of 26 August 2026, within a range of $4.9M to $6.9M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in FORTUNE 500 is a fraction of it. The estimate fits an Arps decline curve to the production FORTUNE 500 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for FORTUNE 500 is an estimate of value, not an offer and not an appraisal.
- How much income does FORTUNE 500 generate in a year?
- FORTUNE 500 is forecast to net about $1.4M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in FORTUNE 500 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Phillips Petroleum Company |
|---|---|
| Field | Cowden (Canyon) |
| County | Ector County, Texas |
| RRC district | 08 |
| Lease number | 33968 |
| Wellbores | 2 |
| Reported production | 406,575 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $5.9M |
Where FORTUNE 500 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.