PHILLIPS, JESSIE
PHILLIPS, JESSIE is a Texas oil lease in Upshur County, Railroad Commission district 6E, operated by Long Trusts, The. It has 4 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 141,145 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 $408K, with roughly $79K 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 119 barrels a month, about 30 per wellbore. Its strongest month on the record we hold was May 2022, at 357 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, JESSIE
- Who operates PHILLIPS, JESSIE?
- PHILLIPS, JESSIE is operated by Long Trusts, The, Railroad Commission of Texas operator number 507585.
- Where is PHILLIPS, JESSIE?
- PHILLIPS, JESSIE is a Texas oil lease in Upshur County, Texas, in Railroad Commission district 6E. Its Railroad Commission lease number is 06998.
- Is PHILLIPS, JESSIE still producing?
- PHILLIPS, JESSIE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PHILLIPS, JESSIE is August 2026.
- How much has PHILLIPS, JESSIE produced?
- PHILLIPS, JESSIE has reported 141,145 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 4 wellbores.
- How much is PHILLIPS, JESSIE worth?
- The remaining production from PHILLIPS, JESSIE is estimated to be worth about $408K in total as of 26 August 2026, within a range of $318K to $498K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PHILLIPS, JESSIE is a fraction of it. The estimate fits an Arps decline curve to the production PHILLIPS, JESSIE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PHILLIPS, JESSIE is an estimate of value, not an offer and not an appraisal.
- How much income does PHILLIPS, JESSIE generate in a year?
- PHILLIPS, JESSIE is forecast to net about $79K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in PHILLIPS, JESSIE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Long Trusts, The |
|---|---|
| Field | East Texas |
| County | Upshur County, Texas |
| RRC district | 6E |
| Lease number | 06998 |
| Wellbores | 4 |
| Reported production | 141,145 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $408K |
Where PHILLIPS, JESSIE 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.