PHOENIX UNIT 35-38
PHOENIX UNIT 35-38 is a Texas oil lease in Borden County, Railroad Commission district 08, operated by Surge Operating, LLC. It has 1 wellbore on file with the Commission. Reported production runs from January 2018 to August 2026, totalling 282,216 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 $2.8M, with roughly $628K 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 1,022 barrels a month. Its strongest month on the record we hold was February 2018, at 17,456 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 PHOENIX UNIT 35-38
- Who operates PHOENIX UNIT 35-38?
- PHOENIX UNIT 35-38 is operated by Surge Operating, LLC, Railroad Commission of Texas operator number 760725.
- Where is PHOENIX UNIT 35-38?
- PHOENIX UNIT 35-38 is a Texas oil lease in Borden County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 50372.
- Is PHOENIX UNIT 35-38 still producing?
- PHOENIX UNIT 35-38 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PHOENIX UNIT 35-38 is August 2026.
- How much has PHOENIX UNIT 35-38 produced?
- PHOENIX UNIT 35-38 has reported 282,216 barrels of oil (bbl) to the Railroad Commission of Texas between January 2018 and August 2026, from 1 wellbore.
- How much is PHOENIX UNIT 35-38 worth?
- The remaining production from PHOENIX UNIT 35-38 is estimated to be worth about $2.8M in total as of 27 August 2026, within a range of $2.4M to $3.3M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PHOENIX UNIT 35-38 is a fraction of it. The estimate fits an Arps decline curve to the production PHOENIX UNIT 35-38 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PHOENIX UNIT 35-38 is an estimate of value, not an offer and not an appraisal.
- How much income does PHOENIX UNIT 35-38 generate in a year?
- PHOENIX UNIT 35-38 is forecast to net about $628K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in PHOENIX UNIT 35-38 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Surge Operating, LLC |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Borden County, Texas |
| RRC district | 08 |
| Lease number | 50372 |
| Wellbores | 1 |
| Reported production | 282,216 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $2.8M |
Where PHOENIX UNIT 35-38 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.