PHILLIPS-TEXACO "23A"
PHILLIPS-TEXACO "23A" is a Texas oil lease in Ector County, Railroad Commission district 08, operated by Forest Oil Permian Corporation. It has 1 wellbore on file with the Commission. Reported production runs from November 2006 to August 2026, totalling 27,952 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 $529K, with roughly $100K 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 135 barrels a month. Its strongest month on the record we hold was July 2025, at 231 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 PHILLIPS-TEXACO "23A"
- Who operates PHILLIPS-TEXACO "23A"?
- PHILLIPS-TEXACO "23A" is operated by Forest Oil Permian Corporation, Railroad Commission of Texas operator number 275741.
- Where is PHILLIPS-TEXACO "23A"?
- PHILLIPS-TEXACO "23A" is a Texas oil lease in Ector County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 38038.
- Is PHILLIPS-TEXACO "23A" still producing?
- PHILLIPS-TEXACO "23A" is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PHILLIPS-TEXACO "23A" is August 2026.
- How much has PHILLIPS-TEXACO "23A" produced?
- PHILLIPS-TEXACO "23A" has reported 27,952 barrels of oil (bbl) to the Railroad Commission of Texas between November 2006 and August 2026, from 1 wellbore.
- How much is PHILLIPS-TEXACO "23A" worth?
- The remaining production from PHILLIPS-TEXACO "23A" is estimated to be worth about $529K in total as of 26 August 2026, within a range of $413K to $645K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PHILLIPS-TEXACO "23A" is a fraction of it. The estimate fits an Arps decline curve to the production PHILLIPS-TEXACO "23A" has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PHILLIPS-TEXACO "23A" is an estimate of value, not an offer and not an appraisal.
- How much income does PHILLIPS-TEXACO "23A" generate in a year?
- PHILLIPS-TEXACO "23A" is forecast to net about $100K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in PHILLIPS-TEXACO "23A" receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Forest Oil Permian Corporation |
|---|---|
| Field | Goldsmith (Clear Fork) |
| County | Ector County, Texas |
| RRC district | 08 |
| Lease number | 38038 |
| Wellbores | 1 |
| Reported production | 27,952 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $529K |
Where PHILLIPS-TEXACO "23A" 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.