PHILIPP 129 B
PHILIPP 129 B is a Texas oil lease in Ochiltree County, Railroad Commission district 10, operated by Axis Energy Corporation. It has 3 wellbores on file with the Commission. Reported production runs from December 2010 to August 2026, totalling 150,469 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 $596K, with roughly $192K 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 318 barrels a month, about 106 per wellbore. Its strongest month on the record we hold was May 2016, at 1,411 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 PHILIPP 129 B
- Who operates PHILIPP 129 B?
- PHILIPP 129 B is operated by Axis Energy Corporation, Railroad Commission of Texas operator number 039136.
- Where is PHILIPP 129 B?
- PHILIPP 129 B is a Texas oil lease in Ochiltree County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 08241.
- Is PHILIPP 129 B still producing?
- PHILIPP 129 B is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PHILIPP 129 B is August 2026.
- How much has PHILIPP 129 B produced?
- PHILIPP 129 B has reported 150,469 barrels of oil (bbl) to the Railroad Commission of Texas between December 2010 and August 2026, from 3 wellbores.
- How much is PHILIPP 129 B worth?
- The remaining production from PHILIPP 129 B is estimated to be worth about $596K in total as of 26 August 2026, within a range of $465K to $727K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PHILIPP 129 B is a fraction of it. The estimate fits an Arps decline curve to the production PHILIPP 129 B has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PHILIPP 129 B is an estimate of value, not an offer and not an appraisal.
- How much income does PHILIPP 129 B generate in a year?
- PHILIPP 129 B is forecast to net about $192K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in PHILIPP 129 B receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Axis Energy Corporation |
|---|---|
| Field | Pan Petro (Cleveland) |
| County | Ochiltree County, Texas |
| RRC district | 10 |
| Lease number | 08241 |
| Wellbores | 3 |
| Reported production | 150,469 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $596K |
Where PHILIPP 129 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.