PHOENIX DEV. CO. INC. ETAL
PHOENIX DEV. CO. INC. ETAL is a Texas oil lease in Liberty County, Railroad Commission district 03, operated by Michael Petroleum Corporation. It has 13 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 510,224 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 $342K, with roughly $61K 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 70 barrels a month, about 5 per wellbore. Its strongest month on the record we hold was December 2016, at 3,619 barrels. In our own backtest, leases producing at this rate are forecast to within about 45% 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 PHOENIX DEV. CO. INC. ETAL
- Who operates PHOENIX DEV. CO. INC. ETAL?
- PHOENIX DEV. CO. INC. ETAL is operated by Michael Petroleum Corporation, Railroad Commission of Texas operator number 564070.
- Where is PHOENIX DEV. CO. INC. ETAL?
- PHOENIX DEV. CO. INC. ETAL is a Texas oil lease in Liberty County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 02270.
- Is PHOENIX DEV. CO. INC. ETAL still producing?
- PHOENIX DEV. CO. INC. ETAL is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PHOENIX DEV. CO. INC. ETAL is August 2026.
- How much has PHOENIX DEV. CO. INC. ETAL produced?
- PHOENIX DEV. CO. INC. ETAL has reported 510,224 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 13 wellbores.
- How much is PHOENIX DEV. CO. INC. ETAL worth?
- The remaining production from PHOENIX DEV. CO. INC. ETAL is estimated to be worth about $342K in total as of 27 August 2026, within a range of $188K to $496K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PHOENIX DEV. CO. INC. ETAL is a fraction of it. The estimate fits an Arps decline curve to the production PHOENIX DEV. CO. INC. ETAL has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PHOENIX DEV. CO. INC. ETAL is an estimate of value, not an offer and not an appraisal.
- How much income does PHOENIX DEV. CO. INC. ETAL generate in a year?
- PHOENIX DEV. CO. INC. ETAL is forecast to net about $61K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in PHOENIX DEV. CO. INC. 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 | 02270 |
| Wellbores | 13 |
| Reported production | 510,224 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $342K |
Where PHOENIX DEV. CO. INC. 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.