PHILLIPS
PHILLIPS is a Texas oil lease in Young County, Railroad Commission district 09, operated by Three P Operating Company. It has 6 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 90,109 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 $465K, with roughly $89K 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 138 barrels a month, about 23 per wellbore. Its strongest month on the record we hold was March 2022, at 470 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 Three P Operating Company, Railroad Commission of Texas operator number 857737.
- Where is PHILLIPS?
- PHILLIPS is a Texas oil lease in Young County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 22343.
- 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 90,109 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 6 wellbores.
- How much is PHILLIPS worth?
- The remaining production from PHILLIPS is estimated to be worth about $465K in total as of 26 August 2026, within a range of $363K to $567K. 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 $89K 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 | Three P Operating Company |
|---|---|
| Field | Stovall (Mclester) |
| County | Young County, Texas |
| RRC district | 09 |
| Lease number | 22343 |
| Wellbores | 6 |
| Reported production | 90,109 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $465K |
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.