PHILLIPS 16
PHILLIPS 16 is a Texas oil lease in Martin County, Railroad Commission district 08, operated by Parsley Energy Operations, LLC. It has 2 wellbores on file with the Commission. Reported production runs from April 2012 to August 2026, totalling 92,171 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 $466K, with roughly $86K 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 100 barrels a month, about 50 per wellbore. Its strongest month on the record we hold was May 2016, at 601 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 16
- Who operates PHILLIPS 16?
- PHILLIPS 16 is operated by Parsley Energy Operations, LLC, Railroad Commission of Texas operator number 642652.
- Where is PHILLIPS 16?
- PHILLIPS 16 is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 42636.
- Is PHILLIPS 16 still producing?
- PHILLIPS 16 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PHILLIPS 16 is August 2026.
- How much has PHILLIPS 16 produced?
- PHILLIPS 16 has reported 92,171 barrels of oil (bbl) to the Railroad Commission of Texas between April 2012 and August 2026, from 2 wellbores.
- How much is PHILLIPS 16 worth?
- The remaining production from PHILLIPS 16 is estimated to be worth about $466K in total as of 26 August 2026, within a range of $364K to $569K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PHILLIPS 16 is a fraction of it. The estimate fits an Arps decline curve to the production PHILLIPS 16 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PHILLIPS 16 is an estimate of value, not an offer and not an appraisal.
- How much income does PHILLIPS 16 generate in a year?
- PHILLIPS 16 is forecast to net about $86K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in PHILLIPS 16 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Parsley Energy Operations, LLC |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Martin County, Texas |
| RRC district | 08 |
| Lease number | 42636 |
| Wellbores | 2 |
| Reported production | 92,171 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $466K |
Where PHILLIPS 16 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.