PHILLIPS 11
PHILLIPS 11 is a Texas oil lease in Howard County, Railroad Commission district 08, operated by Manhattan Petroleum, Inc. It has 2 wellbores on file with the Commission. Reported production runs from January 2007 to August 2026, totalling 104,559 barrels. The lease is intermittent. 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 $871K, with roughly $168K 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 226 barrels a month, about 113 per wellbore. Its strongest month on the record we hold was July 2019, at 409 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 11
- Who operates PHILLIPS 11?
- PHILLIPS 11 is operated by Manhattan Petroleum, Inc., Railroad Commission of Texas operator number 524391.
- Where is PHILLIPS 11?
- PHILLIPS 11 is a Texas oil lease in Howard County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 38062.
- Is PHILLIPS 11 still producing?
- PHILLIPS 11 is intermittent. The most recent month of production reported to the Railroad Commission of Texas for PHILLIPS 11 is August 2026.
- How much has PHILLIPS 11 produced?
- PHILLIPS 11 has reported 104,559 barrels of oil (bbl) to the Railroad Commission of Texas between January 2007 and August 2026, from 2 wellbores.
- How much is PHILLIPS 11 worth?
- The remaining production from PHILLIPS 11 is estimated to be worth about $871K in total as of 26 August 2026, within a range of $680K to $1.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PHILLIPS 11 is a fraction of it. The estimate fits an Arps decline curve to the production PHILLIPS 11 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PHILLIPS 11 is an estimate of value, not an offer and not an appraisal.
- How much income does PHILLIPS 11 generate in a year?
- PHILLIPS 11 is forecast to net about $168K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in PHILLIPS 11 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Manhattan Petroleum, Inc. |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Howard County, Texas |
| RRC district | 08 |
| Lease number | 38062 |
| Wellbores | 2 |
| Reported production | 104,559 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $871K |
Where PHILLIPS 11 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.