PHILLIPS, MORRIS ETAL
PHILLIPS, MORRIS ETAL is a Texas oil lease in Liberty County, Railroad Commission district 03, operated by Michael Petroleum Corporation. It has 11 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 400,410 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 $317K, with roughly $148K 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 388 barrels a month, about 35 per wellbore. Its strongest month on the record we hold was August 2024, at 2,786 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, MORRIS ETAL
- Who operates PHILLIPS, MORRIS ETAL?
- PHILLIPS, MORRIS ETAL is operated by Michael Petroleum Corporation, Railroad Commission of Texas operator number 564070.
- Where is PHILLIPS, MORRIS ETAL?
- PHILLIPS, MORRIS ETAL is a Texas oil lease in Liberty County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 02269.
- Is PHILLIPS, MORRIS ETAL still producing?
- PHILLIPS, MORRIS ETAL is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PHILLIPS, MORRIS ETAL is August 2026.
- How much has PHILLIPS, MORRIS ETAL produced?
- PHILLIPS, MORRIS ETAL has reported 400,410 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 11 wellbores.
- How much is PHILLIPS, MORRIS ETAL worth?
- The remaining production from PHILLIPS, MORRIS ETAL is estimated to be worth about $317K in total as of 26 August 2026, within a range of $248K to $387K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PHILLIPS, MORRIS ETAL is a fraction of it. The estimate fits an Arps decline curve to the production PHILLIPS, MORRIS ETAL has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PHILLIPS, MORRIS ETAL is an estimate of value, not an offer and not an appraisal.
- How much income does PHILLIPS, MORRIS ETAL generate in a year?
- PHILLIPS, MORRIS ETAL is forecast to net about $148K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in PHILLIPS, MORRIS ETAL receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Michael Petroleum Corporation |
|---|---|
| Field | Hull |
| County | Liberty County, Texas |
| RRC district | 03 |
| Lease number | 02269 |
| Wellbores | 11 |
| Reported production | 400,410 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $317K |
Where PHILLIPS, MORRIS ETAL 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.