PHILLIPS, MORRIS
PHILLIPS, MORRIS is a Texas oil lease in Liberty County, Railroad Commission district 03, operated by Fullerton Energy Corporation. It has 11 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 143,996 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 $487K, with roughly $90K 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 122 barrels a month, about 11 per wellbore. Its strongest month on the record we hold was July 2016, at 1,313 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
- Who operates PHILLIPS, MORRIS?
- PHILLIPS, MORRIS is operated by Fullerton Energy Corporation, Railroad Commission of Texas operator number 288872.
- Where is PHILLIPS, MORRIS?
- PHILLIPS, MORRIS is a Texas oil lease in Liberty County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 06460.
- Is PHILLIPS, MORRIS still producing?
- PHILLIPS, MORRIS is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PHILLIPS, MORRIS is August 2026.
- How much has PHILLIPS, MORRIS produced?
- PHILLIPS, MORRIS has reported 143,996 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 11 wellbores.
- How much is PHILLIPS, MORRIS worth?
- The remaining production from PHILLIPS, MORRIS is estimated to be worth about $487K in total as of 26 August 2026, within a range of $380K to $594K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PHILLIPS, MORRIS is a fraction of it. The estimate fits an Arps decline curve to the production PHILLIPS, MORRIS 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 is an estimate of value, not an offer and not an appraisal.
- How much income does PHILLIPS, MORRIS generate in a year?
- PHILLIPS, MORRIS is forecast to net about $90K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in PHILLIPS, MORRIS receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Fullerton Energy Corporation |
|---|---|
| Field | Hull |
| County | Liberty County, Texas |
| RRC district | 03 |
| Lease number | 06460 |
| Wellbores | 11 |
| Reported production | 143,996 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $487K |
Where PHILLIPS, MORRIS 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.