TERREL, PHILIP NO. 1

TERREL, PHILIP NO. 1 is a Texas gas lease in Lipscomb County, Railroad Commission district 10, operated by Washita Oil And Gas, L.L.C. It has 1 wellbore on file with the Commission. Reported production runs from June 2007 to August 2026, totalling 760,675 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 $69K, 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 781 thousand cubic feet a month. Its strongest month on the record we hold was March 2017, at 2,090 thousand cubic feet. 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 TERREL, PHILIP NO. 1

Who operates TERREL, PHILIP NO. 1?: TERREL, PHILIP NO. 1 is operated by Washita Oil And Gas, L.L.C., Railroad Commission of Texas operator number 900049.
Where is TERREL, PHILIP NO. 1?: TERREL, PHILIP NO. 1 is a Texas gas lease in Lipscomb County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 232189.
Is TERREL, PHILIP NO. 1 still producing?: TERREL, PHILIP NO. 1 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for TERREL, PHILIP NO. 1 is August 2026.
How much has TERREL, PHILIP NO. 1 produced?: TERREL, PHILIP NO. 1 has reported 760,675 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between June 2007 and August 2026, from 1 wellbore.
How much is TERREL, PHILIP NO. 1 worth?: The remaining production from TERREL, PHILIP NO. 1 is estimated to be worth about $69K in total as of 27 August 2026, within a range of $54K to $85K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in TERREL, PHILIP NO. 1 is a fraction of it. The estimate fits an Arps decline curve to the production TERREL, PHILIP NO. 1 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for TERREL, PHILIP NO. 1 is an estimate of value, not an offer and not an appraisal.
How much income does TERREL, PHILIP NO. 1 generate in a year?: TERREL, PHILIP NO. 1 is forecast to net about $16K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in TERREL, PHILIP NO. 1 receives a fraction of that, set by the decimal interest printed on their check stub.

Lease record

TERREL, PHILIP NO. 1 as filed with the Railroad Commission of Texas
Operator	Washita Oil And Gas, L.L.C.
Field	Darrouzett (Morrow Lower)
County	Lipscomb County, Texas
RRC district	10
Lease number	232189
Wellbores	1
Reported production	760,675 mcf
First reported	June 2007
Last reported	August 2026
Estimated royalty value	$69K

Where TERREL, PHILIP NO. 1 sits

Source: Railroad Commission of Texas lease production records, complete through August 2026. Figures on this page were computed on 27 August 2026.

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.