Phillips 3

Oil & Gas Property in Martin County, TX

  2. Texas
  3. Martin County, TX
  4. Oil & Gas Properties in Martin County, TX
  5. Phillips 3 Oil & Gas Property

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Property Summary

Key data points for Phillips 3

CountyMartin County, TX
Production DatesJan 2008 - Sep 2025
Total Oil Production382,802 BBLs
Total Gas Production763,040 MCF
Recent Oil Production162 BBLs in Aug 2025
Recent Gas Production0 MCF in Aug 2025
Wells on Property6

Our Valuation Estimates for Phillips 3

ShaleAssessment™

$54,245 *

MarketMultiple™

$27,949 **

* Assessment based on future expected revenue
** Based on a 36 month multiple of average monthly estimated revenue

Based on a decimal interest

Phillips 3 Production Graph

Aggregated production of all wells and leases associated with this property
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to oil and gas production for Phillips 3
from Jan 2008 to Sep 2025

Wells on Phillips 3

API #Well NameOperatorStatusCountyEst. Daily Oil Prod.Est. Daily Gas Prod.Est. Daily Water Prod.LatitudeLongitude
42-317-34981PHILLIPS 31 1DIAMONDBACK E&P LLCProducingMartin County, TX32.319042-101.803502
42-317-35075PHILLIPS 31 2DIAMONDBACK E&P LLCProducingMartin County, TX32.308520-101.800137
42-317-35083PHILLIPS "33" 2ENDEAVOR ENERGY RESOURCES L.P.Plugged Oil WellMartin County, TX32.295177-101.809182
42-317-35436PHILLIPS 31 3DIAMONDBACK E&P LLCProducingMartin County, TX32.318111-101.807632
42-317-35437PHILLIPS 31 4DIAMONDBACK E&P LLCProducingMartin County, TX32.307449-101.803839
42-317-35559PHILLIPS '33' 3ENDEAVOR ENERGY RESOURCES L.P.Plugged Oil WellMartin County, TX32.293141-101.817398

Leases included in Phillips 3

Lease #Lease NameOperatorCountyMonthly Oil Prod.
08-38583PHILLIPS "31"DIAMONDBACK E&P LLCMartin County, TX
08-38663PHILLIPS "33"DIAMONDBACK E&P LLCMartin County, TX

Operators Associated With Phillips 3

Nearby Properties

These are the closest 20 properties to the Phillips 3 property.

Property NameLocationOil Prod.Gas Prod.Prod. Period
Bailey Wynell 35Martin County, TX452 BBLs1,488 MCFSep 2025
Betty JaneMartin County, TX281 BBLs1,997 MCFSep 2025
BlockerMartin County, TX0 BBLs372 MCFAug 2025
Casey Pollock 35Martin County, TX219 BBLs1,990 MCFSep 2025
Clear CreekMartin County, TX1,712 BBLs1,842 MCFSep 2025
DyerMartin County, TX454 BBLs2,635 MCFSep 2025
Glaspie-Harvard 11oMartin County, TX6,854 BBLs9,654 MCFSep 2025
HamiltonMartin County, TX167 BBLs0 MCFSep 2025
Hill UnitMartin County, TX287,942 BBLs387,550 MCFSep 2025
McCraryMartin County, TX0 BBLs0 MCFJun 2021
MimsMartin County, TX3,865 BBLs16,371 MCFSep 2025
NorrisMartin County, TX1,253 BBLs4,281 MCFSep 2025
Norris-Mims AllocationMartin County, TX1,073 BBLs30,038 MCFSep 2025
Patricia-Norris AllocationMartin County, TX2,353 BBLs19,829 MCFSep 2025
PollockMartin County, TX357 BBLs0 MCFSep 2025
Sand Storm UnitMartin County, TX61,130 BBLs471,150 MCFSep 2025
State Of TexasMartin County, TX302 BBLs0 MCFSep 2025
TarzanMartin County, TX159,236 BBLs332,853 MCFSep 2025
Topo ChicoMartin County, TX459 BBLs979 MCFSep 2025
TunnellMartin County, TX310 BBLs2,794 MCFSep 2025

Companies in the Area

These are the closest 20 companies operating near the Phillips 3 property.

Company Name
Arco Permian
BC Operating, Inc.
Birch Operations, Inc.
Breitburn Operating LP
De3 Operating LLC
Diamondback E&P LLC
Discovery Operating Inc
Endeavor Energy Resources, LP
Forest Oil Corporation
Keene, Roy J. Jr.
Linn Operating, Inc.
Merit Energy Company
MGF Oil Corporation
Ovintiv USA Inc.
Parsley Energy Operations, LLC
Pioneer Natural Res. USA, Inc.
Rafter T Resources LLC
Santa Fe Energy Resources, Inc.
Scout Energy Management LLC
XTO Energy Inc.

Owners of Phillips 3

Royalty Ownership data is obtained from public records
YearOwnerProperty NameOperatorPercentageInterest TypeAppraisal ValueLegal Desciption
2025DIAMONDBACK E&P LLCPHILLIPS "31" #1-3DIAMONDBACK E&P LLC
2025ROCK RIVER MINERALS LPPHILLIPS "31" #1-3DIAMONDBACK E&P LLC
2025MAP2015-OKPHILLIPS "31" #1-3DIAMONDBACK E&P LLC
2025PHILLIPS FRED MARCUSPHILLIPS "31" #1-3DIAMONDBACK E&P LLC
2025BEARD SANDRA R HANEYPHILLIPS "31" #1-3DIAMONDBACK E&P LLC
2025SINCLAIR DONA JEANPHILLIPS "31" #1-3DIAMONDBACK E&P LLC
2025MONIGOLD KENNETH DPHILLIPS "31" #1-3DIAMONDBACK E&P LLC
2025PHILLIPS EDGAR ALLENPHILLIPS "31" #1-3DIAMONDBACK E&P LLC
Displaying 8 of 41 Owners   --   Full Ownership Data Available for Subscribers Only

Oil & Gas Sales on Phillips 3

Lease #Lease NameReporting PeriodProductVolumeValueGross PricePurchaserProducer
Lease #Lease NameReporting PeriodProductOil VolumeOil ValueCalculated Oil PricePurchaserProducer
08-38583PHILLIPS "31"Apr 2025EXPLORE LOGISTICS LLCDIAMONDBACK E&P LLC
08-38583PHILLIPS "31"Mar 2025CHEVRON U.S.A. INC.DIAMONDBACK E&P LLC
08-38583PHILLIPS "31"Feb 2025CHEVRON U.S.A. INC.DIAMONDBACK E&P LLC
08-38583PHILLIPS "31"Jan 2025CHEVRON U.S.A. INC.DIAMONDBACK E&P LLC
08-38583PHILLIPS "31"Dec 2024CHEVRON U.S.A. INC.ENDEAVOR ENERGY RESOURCES, L.P.
08-38583PHILLIPS "31"Nov 2024CHEVRON U.S.A. INC.ENDEAVOR ENERGY RESOURCES, L.P.
08-38583PHILLIPS "31"Oct 2024OASIS TRANSPORTATION AND MARKETING CORPORATIONENDEAVOR ENERGY RESOURCES, L.P.
08-38583PHILLIPS "31"Sep 2024OASIS TRANSPORTATION AND MARKETING CORPORATIONENDEAVOR ENERGY RESOURCES, L.P.
08-38583PHILLIPS "31"Aug 2024OASIS TRANSPORTATION AND MARKETING CORPORATIONENDEAVOR ENERGY RESOURCES, L.P.
08-38583PHILLIPS "31"Jul 2024OASIS TRANSPORTATION AND MARKETING CORPORATIONENDEAVOR ENERGY RESOURCES, L.P.
08-38583PHILLIPS "31"Jun 2024OASIS TRANSPORTATION AND MARKETING CORPORATIONENDEAVOR ENERGY RESOURCES, L.P.
08-38583PHILLIPS "31"May 2024OASIS TRANSPORTATION AND MARKETING CORPORATIONENDEAVOR ENERGY RESOURCES, L.P.
08-38583PHILLIPS "31"Apr 2024OASIS TRANSPORTATION AND MARKETING CORPORATIONENDEAVOR ENERGY RESOURCES, L.P.
08-38583PHILLIPS "31"Mar 2024OASIS TRANSPORTATION AND MARKETING CORPORATIONENDEAVOR ENERGY RESOURCES, L.P.
08-38583PHILLIPS "31"Feb 2024OASIS TRANSPORTATION AND MARKETING CORPORATIONENDEAVOR ENERGY RESOURCES, L.P.
08-38583PHILLIPS "31"Jan 2024OASIS TRANSPORTATION AND MARKETING CORPORATIONENDEAVOR ENERGY RESOURCES, L.P.
08-38583PHILLIPS "31"Dec 2023OASIS TRANSPORTATION AND MARKETING CORPORATIONENDEAVOR ENERGY RESOURCES, L.P.
08-38583PHILLIPS "31"Nov 2023OASIS TRANSPORTATION AND MARKETING CORPORATIONENDEAVOR ENERGY RESOURCES, L.P.
08-38583PHILLIPS "31"Oct 2023OASIS TRANSPORTATION AND MARKETING CORPORATIONENDEAVOR ENERGY RESOURCES, L.P.
08-38583PHILLIPS "31"Sep 2023OASIS TRANSPORTATION AND MARKETING CORPORATIONENDEAVOR ENERGY RESOURCES, L.P.
08-38583PHILLIPS "31"Aug 2023OASIS TRANSPORTATION AND MARKETING CORPORATIONENDEAVOR ENERGY RESOURCES, L.P.
08-38583PHILLIPS "31"Jul 2023OASIS TRANSPORTATION AND MARKETING CORPORATIONENDEAVOR ENERGY RESOURCES, L.P.
08-38583PHILLIPS "31"Jun 2023OASIS TRANSPORTATION AND MARKETING CORPORATIONENDEAVOR ENERGY RESOURCES, L.P.
08-38583PHILLIPS "31"May 2023OASIS TRANSPORTATION AND MARKETING CORPORATIONENDEAVOR ENERGY RESOURCES, L.P.
08-38583PHILLIPS "31"Apr 2023OASIS TRANSPORTATION AND MARKETING CORPORATIONENDEAVOR ENERGY RESOURCES, L.P.