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 the whole lease — a 100% undivided interest — at about $146K, with roughly $28K 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 39 barrels a month. Its strongest month on the record we hold was October 2016, at 124 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-WARE UNIT
- Who operates PHILLIPS-WARE UNIT?
- PHILLIPS-WARE UNIT is operated by Seitz, J. R. & Adam, Ltd., Railroad Commission of Texas operator number 764665.
- Where is PHILLIPS-WARE UNIT?
- PHILLIPS-WARE UNIT is a Texas oil lease in Cooke County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 30320.
- Is PHILLIPS-WARE UNIT still producing?
- PHILLIPS-WARE UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PHILLIPS-WARE UNIT is August 2026.
- How much has PHILLIPS-WARE UNIT produced?
- PHILLIPS-WARE UNIT has reported 36,568 barrels of oil (bbl) to the Railroad Commission of Texas between July 2004 and August 2026, from 1 wellbore.
- How much is PHILLIPS-WARE UNIT worth?
- The remaining production from PHILLIPS-WARE UNIT is estimated to be worth about $146K in total as of 27 August 2026, within a range of $80K to $212K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PHILLIPS-WARE UNIT is a fraction of it. The estimate fits an Arps decline curve to the production PHILLIPS-WARE UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PHILLIPS-WARE UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does PHILLIPS-WARE UNIT generate in a year?
- PHILLIPS-WARE UNIT is forecast to net about $28K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in PHILLIPS-WARE UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| 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 | |
| Last reported | |
| Estimated royalty value | $146K |
Where PHILLIPS-WARE UNIT 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.