PHILLIP GEORGE
PHILLIP GEORGE is a Texas oil lease in Young County, Railroad Commission district 09, operated by Gannett Operating LLC. It has 1 wellbore on file with the Commission. Reported production runs from March 2017 to August 2026, totalling 17,423 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 $450K, with roughly $81K 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 86 barrels a month. Its strongest month on the record we hold was June 2017, at 535 barrels. In our own backtest, leases producing at this rate are forecast to within about 45% 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 PHILLIP GEORGE
- Who operates PHILLIP GEORGE?
- PHILLIP GEORGE is operated by Gannett Operating LLC, Railroad Commission of Texas operator number 293813.
- Where is PHILLIP GEORGE?
- PHILLIP GEORGE is a Texas oil lease in Young County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 33629.
- Is PHILLIP GEORGE still producing?
- PHILLIP GEORGE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PHILLIP GEORGE is August 2026.
- How much has PHILLIP GEORGE produced?
- PHILLIP GEORGE has reported 17,423 barrels of oil (bbl) to the Railroad Commission of Texas between March 2017 and August 2026, from 1 wellbore.
- How much is PHILLIP GEORGE worth?
- The remaining production from PHILLIP GEORGE is estimated to be worth about $450K in total as of 26 August 2026, within a range of $247K to $652K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PHILLIP GEORGE is a fraction of it. The estimate fits an Arps decline curve to the production PHILLIP GEORGE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PHILLIP GEORGE is an estimate of value, not an offer and not an appraisal.
- How much income does PHILLIP GEORGE generate in a year?
- PHILLIP GEORGE is forecast to net about $81K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in PHILLIP GEORGE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Gannett Operating LLC |
|---|---|
| Field | Young County Regular |
| County | Young County, Texas |
| RRC district | 09 |
| Lease number | 33629 |
| Wellbores | 1 |
| Reported production | 17,423 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $450K |
Where PHILLIP GEORGE 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.