PHILLIPS STATE (H)
PHILLIPS STATE (H) is a Texas oil lease in Reagan County, Railroad Commission district 7C, operated by Valley Resources, Inc. It has 5 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 16,967 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 $33K, with roughly $6K 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 5 barrels a month, about 1 per wellbore. Its strongest month on the record we hold was December 2022, at 60 barrels. In our own backtest, leases producing at this rate are forecast to within about 100% 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 STATE (H)
- Who operates PHILLIPS STATE (H)?
- PHILLIPS STATE (H) is operated by Valley Resources, Inc., Railroad Commission of Texas operator number 881340.
- Where is PHILLIPS STATE (H)?
- PHILLIPS STATE (H) is a Texas oil lease in Reagan County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 10149.
- Is PHILLIPS STATE (H) still producing?
- PHILLIPS STATE (H) is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PHILLIPS STATE (H) is August 2026.
- How much has PHILLIPS STATE (H) produced?
- PHILLIPS STATE (H) has reported 16,967 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 5 wellbores.
- How much is PHILLIPS STATE (H) worth?
- The remaining production from PHILLIPS STATE (H) is estimated to be worth about $33K in total as of 27 August 2026, within a range of $0 to $66K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PHILLIPS STATE (H) is a fraction of it. The estimate fits an Arps decline curve to the production PHILLIPS STATE (H) has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PHILLIPS STATE (H) is an estimate of value, not an offer and not an appraisal.
- How much income does PHILLIPS STATE (H) generate in a year?
- PHILLIPS STATE (H) is forecast to net about $6K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in PHILLIPS STATE (H) receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Valley Resources, Inc. |
|---|---|
| Field | Farmer (San Andres) |
| County | Reagan County, Texas |
| RRC district | 7C |
| Lease number | 10149 |
| Wellbores | 5 |
| Reported production | 16,967 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $33K |
Where PHILLIPS STATE (H) 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.