PHILLIPS -42-
PHILLIPS -42- is a Texas oil lease in Terry County, Railroad Commission district 8A, operated by Paladin Exploration Co., Inc. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 123,172 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 $744K, with roughly $143K 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 194 barrels a month. Its strongest month on the record we hold was September 2020, at 382 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 -42-
- Who operates PHILLIPS -42-?
- PHILLIPS -42- is operated by Paladin Exploration Co., Inc., Railroad Commission of Texas operator number 635102.
- Where is PHILLIPS -42-?
- PHILLIPS -42- is a Texas oil lease in Terry County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 66903.
- Is PHILLIPS -42- still producing?
- PHILLIPS -42- is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PHILLIPS -42- is August 2026.
- How much has PHILLIPS -42- produced?
- PHILLIPS -42- has reported 123,172 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is PHILLIPS -42- worth?
- The remaining production from PHILLIPS -42- is estimated to be worth about $744K in total as of 26 August 2026, within a range of $580K to $908K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PHILLIPS -42- is a fraction of it. The estimate fits an Arps decline curve to the production PHILLIPS -42- has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PHILLIPS -42- is an estimate of value, not an offer and not an appraisal.
- How much income does PHILLIPS -42- generate in a year?
- PHILLIPS -42- is forecast to net about $143K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in PHILLIPS -42- receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Paladin Exploration Co., Inc. |
|---|---|
| Field | Tokio, E. (Lower Leonard) |
| County | Terry County, Texas |
| RRC district | 8A |
| Lease number | 66903 |
| Wellbores | 1 |
| Reported production | 123,172 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $744K |
Where PHILLIPS -42- 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.