PHILLIPS-WARE UNIT
PHILLIPS-WARE UNIT is a Texas oil lease in Cooke County, Railroad Commission district 09, operated by Seitz, J. R. & Adam, Ltd. It has 1 wellbore on file with the Commission. Reported production runs from July 2004 to August 2026, totalling 36,568 barrels. The lease is currently producing. Fitting a decline curve to that history and pricing the remaining production at today's forward curve values a standard royalty share at about $3K, with roughly $660 expected over the next twelve months.
| Operator | Seitz, J. R. & Adam, Ltd. |
|---|---|
| Field | Woodbine |
| County | Cooke County, Texas |
| RRC district | 09 |
| Lease number | 30320 |
| Wellbores | 1 |
| Reported production | 36,568 bbl |
| First reported | July 2004 |
| Last reported | August 2026 |
| Estimated royalty value | $3K |
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.