DEFORD
DEFORD is a Texas oil lease in Ector County, Railroad Commission district 08, operated by Phillips Petroleum Company. It has 15 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 565,976 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 $3.9M, with roughly $880K 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 1,289 barrels a month, about 86 per wellbore. Its strongest month on the record we hold was November 2017, at 4,088 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 DEFORD
- Who operates DEFORD?
- DEFORD is operated by Phillips Petroleum Company, Railroad Commission of Texas operator number 663680.
- Where is DEFORD?
- DEFORD is a Texas oil lease in Ector County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 02125.
- Is DEFORD still producing?
- DEFORD is currently producing. The most recent month of production reported to the Railroad Commission of Texas for DEFORD is August 2026.
- How much has DEFORD produced?
- DEFORD has reported 565,976 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 15 wellbores.
- How much is DEFORD worth?
- The remaining production from DEFORD is estimated to be worth about $3.9M in total as of 26 August 2026, within a range of $3.3M to $4.6M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in DEFORD is a fraction of it. The estimate fits an Arps decline curve to the production DEFORD has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for DEFORD is an estimate of value, not an offer and not an appraisal.
- How much income does DEFORD generate in a year?
- DEFORD is forecast to net about $880K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in DEFORD receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Phillips Petroleum Company |
|---|---|
| Field | Goldsmith (Clear Fork) |
| County | Ector County, Texas |
| RRC district | 08 |
| Lease number | 02125 |
| Wellbores | 15 |
| Reported production | 565,976 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $3.9M |
Where DEFORD 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.