PHILLIPS 3
PHILLIPS 3 is a Texas gas lease in Edwards County, Railroad Commission district 7C, operated by Highmount Expl & Prod Texas LLC. It has 1 wellbore on file with the Commission. Reported production runs from July 2010 to August 2026, totalling 132,390 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 $36K, with roughly $7K 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 331 thousand cubic feet a month. Its strongest month on the record we hold was May 2017, at 686 thousand cubic feet. 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 3
- Who operates PHILLIPS 3?
- PHILLIPS 3 is operated by Highmount Expl & Prod Texas LLC, Railroad Commission of Texas operator number 385842.
- Where is PHILLIPS 3?
- PHILLIPS 3 is a Texas gas lease in Edwards County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 258478.
- Is PHILLIPS 3 still producing?
- PHILLIPS 3 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PHILLIPS 3 is August 2026.
- How much has PHILLIPS 3 produced?
- PHILLIPS 3 has reported 132,390 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between July 2010 and August 2026, from 1 wellbore.
- How much is PHILLIPS 3 worth?
- The remaining production from PHILLIPS 3 is estimated to be worth about $36K in total as of 26 August 2026, within a range of $28K to $44K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PHILLIPS 3 is a fraction of it. The estimate fits an Arps decline curve to the production PHILLIPS 3 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PHILLIPS 3 is an estimate of value, not an offer and not an appraisal.
- How much income does PHILLIPS 3 generate in a year?
- PHILLIPS 3 is forecast to net about $7K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in PHILLIPS 3 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Highmount Expl & Prod Texas LLC |
|---|---|
| Field | Sawyer (Canyon) |
| County | Edwards County, Texas |
| RRC district | 7C |
| Lease number | 258478 |
| Wellbores | 1 |
| Reported production | 132,390 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $36K |
Where PHILLIPS 3 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.