PHILLIPS UNIVERSITY -T-
PHILLIPS UNIVERSITY -T- is a Texas oil lease in Andrews County, Railroad Commission district 08, operated by Minihan Oil & Gas Corporation. It has 16 wellbores on file with the Commission. Reported production runs from December 2000 to August 2026, totalling 757,521 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 $3.5M, with roughly $767K 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 1,357 barrels a month, about 85 per wellbore. Its strongest month on the record we hold was September 2021, at 5,557 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 PHILLIPS UNIVERSITY -T-
- Who operates PHILLIPS UNIVERSITY -T-?
- PHILLIPS UNIVERSITY -T- is operated by Minihan Oil & Gas Corporation, Railroad Commission of Texas operator number 569688.
- Where is PHILLIPS UNIVERSITY -T-?
- PHILLIPS UNIVERSITY -T- is a Texas oil lease in Andrews County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 36488.
- Is PHILLIPS UNIVERSITY -T- still producing?
- PHILLIPS UNIVERSITY -T- is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PHILLIPS UNIVERSITY -T- is August 2026.
- How much has PHILLIPS UNIVERSITY -T- produced?
- PHILLIPS UNIVERSITY -T- has reported 757,521 barrels of oil (bbl) to the Railroad Commission of Texas between December 2000 and August 2026, from 16 wellbores.
- How much is PHILLIPS UNIVERSITY -T- worth?
- The remaining production from PHILLIPS UNIVERSITY -T- is estimated to be worth about $3.5M in total as of 27 August 2026, within a range of $2.9M to $4.2M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PHILLIPS UNIVERSITY -T- is a fraction of it. The estimate fits an Arps decline curve to the production PHILLIPS UNIVERSITY -T- has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PHILLIPS UNIVERSITY -T- is an estimate of value, not an offer and not an appraisal.
- How much income does PHILLIPS UNIVERSITY -T- generate in a year?
- PHILLIPS UNIVERSITY -T- is forecast to net about $767K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in PHILLIPS UNIVERSITY -T- receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Minihan Oil & Gas Corporation |
|---|---|
| Field | Martin (Consolidated) |
| County | Andrews County, Texas |
| RRC district | 08 |
| Lease number | 36488 |
| Wellbores | 16 |
| Reported production | 757,521 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $3.5M |
Where PHILLIPS UNIVERSITY -T- 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.