PHOENIX B UNIT
PHOENIX B UNIT is a Texas oil lease in Reeves County, Railroad Commission district 08, operated by Cog Operating LLC. It has 1 wellbore on file with the Commission. Reported production runs from September 2017 to August 2026, totalling 448,002 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 $2.6M, with roughly $1.1M 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 957 barrels a month. Its strongest month on the record we hold was October 2017, at 18,414 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 PHOENIX B UNIT
- Who operates PHOENIX B UNIT?
- PHOENIX B UNIT is operated by Cog Operating LLC, Railroad Commission of Texas operator number 166150.
- Where is PHOENIX B UNIT?
- PHOENIX B UNIT is a Texas oil lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 49300.
- Is PHOENIX B UNIT still producing?
- PHOENIX B UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PHOENIX B UNIT is August 2026.
- How much has PHOENIX B UNIT produced?
- PHOENIX B UNIT has reported 448,002 barrels of oil (bbl) to the Railroad Commission of Texas between September 2017 and August 2026, from 1 wellbore.
- How much is PHOENIX B UNIT worth?
- The remaining production from PHOENIX B UNIT is estimated to be worth about $2.6M in total as of 26 August 2026, within a range of $2.0M to $3.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PHOENIX B UNIT is a fraction of it. The estimate fits an Arps decline curve to the production PHOENIX B UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PHOENIX B UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does PHOENIX B UNIT generate in a year?
- PHOENIX B UNIT is forecast to net about $1.1M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in PHOENIX B UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Cog Operating LLC |
|---|---|
| Field | Hoefs T-K (Wolfcamp) |
| County | Reeves County, Texas |
| RRC district | 08 |
| Lease number | 49300 |
| Wellbores | 1 |
| Reported production | 448,002 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $2.6M |
Where PHOENIX B 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.