PHILLIPS "A" #1 GAS UNIT
PHILLIPS "A" #1 GAS UNIT is a Texas gas lease in Limestone County, Railroad Commission district 05, operated by Valence Operating Company. It has 1 wellbore on file with the Commission. Reported production runs from April 2006 to August 2026, totalling 1,383,340 thousand cubic feet. 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 $53K, with roughly $16K 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 1,158 thousand cubic feet a month. Its strongest month on the record we hold was February 2017, at 6,015 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 17% 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 "A" #1 GAS UNIT
- Who operates PHILLIPS "A" #1 GAS UNIT?
- PHILLIPS "A" #1 GAS UNIT is operated by Valence Operating Company, Railroad Commission of Texas operator number 881167.
- Where is PHILLIPS "A" #1 GAS UNIT?
- PHILLIPS "A" #1 GAS UNIT is a Texas gas lease in Limestone County, Texas, in Railroad Commission district 05. Its Railroad Commission lease number is 226281.
- Is PHILLIPS "A" #1 GAS UNIT still producing?
- PHILLIPS "A" #1 GAS UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PHILLIPS "A" #1 GAS UNIT is August 2026.
- How much has PHILLIPS "A" #1 GAS UNIT produced?
- PHILLIPS "A" #1 GAS UNIT has reported 1,383,340 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between April 2006 and August 2026, from 1 wellbore.
- How much is PHILLIPS "A" #1 GAS UNIT worth?
- The remaining production from PHILLIPS "A" #1 GAS UNIT is estimated to be worth about $53K in total as of 26 August 2026, within a range of $44K to $62K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PHILLIPS "A" #1 GAS UNIT is a fraction of it. The estimate fits an Arps decline curve to the production PHILLIPS "A" #1 GAS UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PHILLIPS "A" #1 GAS UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does PHILLIPS "A" #1 GAS UNIT generate in a year?
- PHILLIPS "A" #1 GAS UNIT is forecast to net about $16K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in PHILLIPS "A" #1 GAS UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Valence Operating Company |
|---|---|
| Field | Farrar (Cotton Valley Lime) |
| County | Limestone County, Texas |
| RRC district | 05 |
| Lease number | 226281 |
| Wellbores | 1 |
| Reported production | 1,383,340 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $53K |
Where PHILLIPS "A" #1 GAS UNIT 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.