PHOENIX DEVELOPMENT COMPANY -B-
PHOENIX DEVELOPMENT COMPANY -B- is a Texas oil lease in Liberty County, Railroad Commission district 03, operated by Texas Oil Company, The. It has 11 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 112,655 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 $525K, with roughly $101K 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 162 barrels a month, about 15 per wellbore. Its strongest month on the record we hold was February 2020, at 605 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 PHOENIX DEVELOPMENT COMPANY -B-
- Who operates PHOENIX DEVELOPMENT COMPANY -B-?
- PHOENIX DEVELOPMENT COMPANY -B- is operated by Texas Oil Company, The, Railroad Commission of Texas operator number 846883.
- Where is PHOENIX DEVELOPMENT COMPANY -B-?
- PHOENIX DEVELOPMENT COMPANY -B- is a Texas oil lease in Liberty County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 04559.
- Is PHOENIX DEVELOPMENT COMPANY -B- still producing?
- PHOENIX DEVELOPMENT COMPANY -B- is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PHOENIX DEVELOPMENT COMPANY -B- is August 2026.
- How much has PHOENIX DEVELOPMENT COMPANY -B- produced?
- PHOENIX DEVELOPMENT COMPANY -B- has reported 112,655 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 11 wellbores.
- How much is PHOENIX DEVELOPMENT COMPANY -B- worth?
- The remaining production from PHOENIX DEVELOPMENT COMPANY -B- is estimated to be worth about $525K in total as of 27 August 2026, within a range of $410K to $641K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PHOENIX DEVELOPMENT COMPANY -B- is a fraction of it. The estimate fits an Arps decline curve to the production PHOENIX DEVELOPMENT COMPANY -B- has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PHOENIX DEVELOPMENT COMPANY -B- is an estimate of value, not an offer and not an appraisal.
- How much income does PHOENIX DEVELOPMENT COMPANY -B- generate in a year?
- PHOENIX DEVELOPMENT COMPANY -B- is forecast to net about $101K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in PHOENIX DEVELOPMENT COMPANY -B- receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Texas Oil Company, The |
|---|---|
| Field | Hull |
| County | Liberty County, Texas |
| RRC district | 03 |
| Lease number | 04559 |
| Wellbores | 11 |
| Reported production | 112,655 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $525K |
Where PHOENIX DEVELOPMENT COMPANY -B- 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.