PHILLIPS "B"
PHILLIPS "B" is a Texas gas lease in Denton County, Railroad Commission district 09, operated by Encana Oil & Gas(USA) Inc. It has 1 wellbore on file with the Commission. Reported production runs from January 2003 to August 2026, totalling 682,241 thousand cubic feet. 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 $139K, 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 1,411 thousand cubic feet a month. Its strongest month on the record we hold was February 2019, at 4,875 thousand cubic feet. 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 "B"
- Who operates PHILLIPS "B"?
- PHILLIPS "B" is operated by Encana Oil & Gas(USA) Inc., Railroad Commission of Texas operator number 251691.
- Where is PHILLIPS "B"?
- PHILLIPS "B" is a Texas gas lease in Denton County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 193988.
- Is PHILLIPS "B" still producing?
- PHILLIPS "B" is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PHILLIPS "B" is August 2026.
- How much has PHILLIPS "B" produced?
- PHILLIPS "B" has reported 682,241 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 2003 and August 2026, from 1 wellbore.
- How much is PHILLIPS "B" worth?
- The remaining production from PHILLIPS "B" is estimated to be worth about $139K in total as of 26 August 2026, within a range of $115K to $163K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PHILLIPS "B" is a fraction of it. The estimate fits an Arps decline curve to the production PHILLIPS "B" has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PHILLIPS "B" is an estimate of value, not an offer and not an appraisal.
- How much income does PHILLIPS "B" generate in a year?
- PHILLIPS "B" is forecast to net about $28K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in PHILLIPS "B" receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Encana Oil & Gas(USA) Inc. |
|---|---|
| Field | Newark, East (Barnett Shale) |
| County | Denton County, Texas |
| RRC district | 09 |
| Lease number | 193988 |
| Wellbores | 1 |
| Reported production | 682,241 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $139K |
Where PHILLIPS "B" 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.