PHILLIPS
PHILLIPS is a Texas oil lease in Hockley County, Railroad Commission district 8A, operated by Crossroads Energy Partners, LLC. It has 2 wellbores on file with the Commission. Reported production runs from January 2012 to August 2026, totalling 52,234 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 $53K, with roughly $19K 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 161 barrels a month, about 80 per wellbore. Its strongest month on the record we hold was July 2022, at 1,049 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
- Who operates PHILLIPS?
- PHILLIPS is operated by Crossroads Energy Partners, LLC, Railroad Commission of Texas operator number 190668.
- Where is PHILLIPS?
- PHILLIPS is a Texas oil lease in Hockley County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 69955.
- Is PHILLIPS still producing?
- PHILLIPS is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PHILLIPS is August 2026.
- How much has PHILLIPS produced?
- PHILLIPS has reported 52,234 barrels of oil (bbl) to the Railroad Commission of Texas between January 2012 and August 2026, from 2 wellbores.
- How much is PHILLIPS worth?
- The remaining production from PHILLIPS is estimated to be worth about $53K in total as of 26 August 2026, within a range of $41K to $64K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PHILLIPS is a fraction of it. The estimate fits an Arps decline curve to the production PHILLIPS has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PHILLIPS is an estimate of value, not an offer and not an appraisal.
- How much income does PHILLIPS generate in a year?
- PHILLIPS is forecast to net about $19K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in PHILLIPS receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Crossroads Energy Partners, LLC |
|---|---|
| Field | Linker (Clear Fork) |
| County | Hockley County, Texas |
| RRC district | 8A |
| Lease number | 69955 |
| Wellbores | 2 |
| Reported production | 52,234 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $53K |
Where 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.