HERRMANN, PHILLIP
HERRMANN, PHILLIP is a Texas oil lease in Cooke County, Railroad Commission district 09, operated by L & J Oil. It has 4 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 24,637 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 $184K, with roughly $35K 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 44 barrels a month, about 11 per wellbore. Its strongest month on the record we hold was September 2020, at 82 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 HERRMANN, PHILLIP
- Who operates HERRMANN, PHILLIP?
- HERRMANN, PHILLIP is operated by L & J Oil, Railroad Commission of Texas operator number 479855.
- Where is HERRMANN, PHILLIP?
- HERRMANN, PHILLIP is a Texas oil lease in Cooke County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 02050.
- Is HERRMANN, PHILLIP still producing?
- HERRMANN, PHILLIP is currently producing. The most recent month of production reported to the Railroad Commission of Texas for HERRMANN, PHILLIP is August 2026.
- How much has HERRMANN, PHILLIP produced?
- HERRMANN, PHILLIP has reported 24,637 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 4 wellbores.
- How much is HERRMANN, PHILLIP worth?
- The remaining production from HERRMANN, PHILLIP is estimated to be worth about $184K in total as of 26 August 2026, within a range of $101K to $267K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in HERRMANN, PHILLIP is a fraction of it. The estimate fits an Arps decline curve to the production HERRMANN, PHILLIP has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for HERRMANN, PHILLIP is an estimate of value, not an offer and not an appraisal.
- How much income does HERRMANN, PHILLIP generate in a year?
- HERRMANN, PHILLIP is forecast to net about $35K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in HERRMANN, PHILLIP receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | L & J Oil |
|---|---|
| Field | Cooke County Regular |
| County | Cooke County, Texas |
| RRC district | 09 |
| Lease number | 02050 |
| Wellbores | 4 |
| Reported production | 24,637 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $184K |
Where HERRMANN, PHILLIP 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.