PHILLIPS-TEXACO "23"
PHILLIPS-TEXACO "23" is a Texas oil lease in Ector County, Railroad Commission district 08, operated by Forest Oil Permian Corporation. It has 2 wellbores on file with the Commission. Reported production runs from November 2006 to August 2026, totalling 20,996 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 $93K, with roughly $18K 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 27 barrels a month, about 13 per wellbore. Its strongest month on the record we hold was April 2020, at 73 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 PHILLIPS-TEXACO "23"
- Who operates PHILLIPS-TEXACO "23"?
- PHILLIPS-TEXACO "23" is operated by Forest Oil Permian Corporation, Railroad Commission of Texas operator number 275741.
- Where is PHILLIPS-TEXACO "23"?
- PHILLIPS-TEXACO "23" is a Texas oil lease in Ector County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 38071.
- Is PHILLIPS-TEXACO "23" still producing?
- PHILLIPS-TEXACO "23" is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PHILLIPS-TEXACO "23" is August 2026.
- How much has PHILLIPS-TEXACO "23" produced?
- PHILLIPS-TEXACO "23" has reported 20,996 barrels of oil (bbl) to the Railroad Commission of Texas between November 2006 and August 2026, from 2 wellbores.
- How much is PHILLIPS-TEXACO "23" worth?
- The remaining production from PHILLIPS-TEXACO "23" is estimated to be worth about $93K in total as of 26 August 2026, within a range of $51K to $135K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PHILLIPS-TEXACO "23" is a fraction of it. The estimate fits an Arps decline curve to the production PHILLIPS-TEXACO "23" has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PHILLIPS-TEXACO "23" is an estimate of value, not an offer and not an appraisal.
- How much income does PHILLIPS-TEXACO "23" generate in a year?
- PHILLIPS-TEXACO "23" is forecast to net about $18K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in PHILLIPS-TEXACO "23" receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Forest Oil Permian Corporation |
|---|---|
| Field | Goldsmith (Clear Fork) |
| County | Ector County, Texas |
| RRC district | 08 |
| Lease number | 38071 |
| Wellbores | 2 |
| Reported production | 20,996 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $93K |
Where PHILLIPS-TEXACO "23" 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.