MARTIN PHILLIPS
MARTIN PHILLIPS is a Texas oil lease in Fisher County, Railroad Commission district 7B, operated by Gunn Oil Company. It has 1 wellbore on file with the Commission. Reported production runs from October 2019 to August 2026, totalling 39,712 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 $845K, with roughly $163K 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 243 barrels a month. Its strongest month on the record we hold was December 2019, at 2,944 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 MARTIN PHILLIPS
- Who operates MARTIN PHILLIPS?
- MARTIN PHILLIPS is operated by Gunn Oil Company, Railroad Commission of Texas operator number 339493.
- Where is MARTIN PHILLIPS?
- MARTIN PHILLIPS is a Texas oil lease in Fisher County, Texas, in Railroad Commission district 7B. Its Railroad Commission lease number is 32386.
- Is MARTIN PHILLIPS still producing?
- MARTIN PHILLIPS is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MARTIN PHILLIPS is August 2026.
- How much has MARTIN PHILLIPS produced?
- MARTIN PHILLIPS has reported 39,712 barrels of oil (bbl) to the Railroad Commission of Texas between October 2019 and August 2026, from 1 wellbore.
- How much is MARTIN PHILLIPS worth?
- The remaining production from MARTIN PHILLIPS is estimated to be worth about $845K in total as of 26 August 2026, within a range of $659K to $1.0M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MARTIN PHILLIPS is a fraction of it. The estimate fits an Arps decline curve to the production MARTIN PHILLIPS has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MARTIN PHILLIPS is an estimate of value, not an offer and not an appraisal.
- How much income does MARTIN PHILLIPS generate in a year?
- MARTIN PHILLIPS is forecast to net about $163K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MARTIN PHILLIPS receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Gunn Oil Company |
|---|---|
| Field | Bridjourner |
| County | Fisher County, Texas |
| RRC district | 7B |
| Lease number | 32386 |
| Wellbores | 1 |
| Reported production | 39,712 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $845K |
Where MARTIN PHILLIPS 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.