PHILLIPS
PHILLIPS is a Texas oil lease in Wheeler County, Railroad Commission district 10, operated by Cofer & Crawford. It has 4 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 43,214 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 $436K, with roughly $84K 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 113 barrels a month, about 28 per wellbore. Its strongest month on the record we hold was July 2025, at 182 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
- Who operates PHILLIPS?
- PHILLIPS is operated by Cofer & Crawford, Railroad Commission of Texas operator number 164935.
- Where is PHILLIPS?
- PHILLIPS is a Texas oil lease in Wheeler County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 01403.
- Is PHILLIPS still producing?
- PHILLIPS is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PHILLIPS is August 2026.
- How much has PHILLIPS produced?
- PHILLIPS has reported 43,214 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 4 wellbores.
- How much is PHILLIPS worth?
- The remaining production from PHILLIPS is estimated to be worth about $436K in total as of 26 August 2026, within a range of $340K to $532K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PHILLIPS is a fraction of it. The estimate fits an Arps decline curve to the production PHILLIPS has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PHILLIPS is an estimate of value, not an offer and not an appraisal.
- How much income does PHILLIPS generate in a year?
- PHILLIPS is forecast to net about $84K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in PHILLIPS receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Cofer & Crawford |
|---|---|
| Field | Panhandle Wheeler County Field |
| County | Wheeler County, Texas |
| RRC district | 10 |
| Lease number | 01403 |
| Wellbores | 4 |
| Reported production | 43,214 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $436K |
Where PHILLIPS 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.