PHIPPS "240"
PHIPPS "240" is a Texas oil lease in Dawson County, Railroad Commission district 8A, operated by Mcena Inc. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 63,543 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 $410K, with roughly $79K 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 112 barrels a month. Its strongest month on the record we hold was November 2020, at 328 barrels. In our own backtest, leases producing at this rate are forecast to within about 22% 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 PHIPPS "240"
- Who operates PHIPPS "240"?
- PHIPPS "240" is operated by Mcena Inc., Railroad Commission of Texas operator number 548640.
- Where is PHIPPS "240"?
- PHIPPS "240" is a Texas oil lease in Dawson County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 62379.
- Is PHIPPS "240" still producing?
- PHIPPS "240" is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PHIPPS "240" is August 2026.
- How much has PHIPPS "240" produced?
- PHIPPS "240" has reported 63,543 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is PHIPPS "240" worth?
- The remaining production from PHIPPS "240" is estimated to be worth about $410K in total as of 26 August 2026, within a range of $320K to $500K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PHIPPS "240" is a fraction of it. The estimate fits an Arps decline curve to the production PHIPPS "240" has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PHIPPS "240" is an estimate of value, not an offer and not an appraisal.
- How much income does PHIPPS "240" generate in a year?
- PHIPPS "240" is forecast to net about $79K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in PHIPPS "240" receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Mcena Inc. |
|---|---|
| Field | Welch |
| County | Dawson County, Texas |
| RRC district | 8A |
| Lease number | 62379 |
| Wellbores | 1 |
| Reported production | 63,543 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $410K |
Where PHIPPS "240" 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.