Phillips

Oil & Gas Property in Martin County, TX

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

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Property Summary

Key data points for Phillips

CountyMartin County, TX
Production DatesJan 1993 - Jun 2026
Total Oil Production446,004 BBLs
Total Gas Production651,687 MCF
Recent Oil Production212 BBLs in May 2026
Recent Gas Production0 MCF in May 2026
Wells on Property5

Our Valuation Estimates for Phillips

ShaleAssessment™

$27,482 *

MarketMultiple™

$60,459 **

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

Based on a decimal interest

Phillips Production Graph

Aggregated production of all wells and leases associated with this property
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to oil and gas production for Phillips
from Jan 1993 to Jun 2026

Wells on Phillips

API #Well NameOperatorStatusCountyEst. Daily Oil Prod.Est. Daily Gas Prod.Est. Daily Water Prod.LatitudeLongitude
42-317-33723PHILLIPS "A" 1JET OIL CO.Plugged Oil WellMartin County, TX32.455832-101.698893
42-317-34043PHILLIPS UNIT 1DIAMONDBACK E&P LLCProducingMartin County, TX32.454983-101.694226
42-317-35260PHILLIPS 39 2DIAMONDBACK E&P LLCProducingMartin County, TX32.462851-101.698791
42-317-36165PHILLIPS 39 3DIAMONDBACK E&P LLCProducingMartin County, TX32.462309-101.703530
42-317-37304PHILLIPS 39 4DIAMONDBACK E&P LLCShut InMartin County, TX32.458974-101.696878

Leases included in Phillips

Lease #Lease NameOperatorCountyMonthly Oil Prod.
08-32835PHILLIPS "A"SMITH BROS. CASING PULLERS, INC.Martin County, TX
08-35110PHILLIPS UNITCOBRA OIL & GAS CORPORATIONMartin County, TX
08-37917PHILLIPS UNITCOBRA OIL & GAS CORPORATIONMartin County, TX
08-38029PHILLIPS UNITDIAMONDBACK E&P LLCMartin County, TX
08-38958PHILLIPS 39DIAMONDBACK E&P LLCMartin County, TX

Operators Associated With Phillips

Nearby Properties

These are the closest 20 properties to the Phillips property.

Property NameLocationOil Prod.Gas Prod.Prod. Period
AdamsHoward County, TX17,846 BBLs182,901 MCFJun 2026
Aggie The Bulldog 39-46Martin County, TX12,432 BBLs169,073 MCFJun 2026
Billie CoxMartin County, TX0 BBLs0 MCFApr 2026
Bullfrog 47Howard County, TX13,793 BBLs178,508 MCFJun 2026
Cox 34Martin County, TX0 BBLs0 MCFApr 2026
Cox A 34Martin County, TX0 BBLs0 MCFApr 2026
DavisMartin County, TX1,042 BBLs313 MCFJun 2026
Hall Trust 38Martin County, TX439 BBLs295 MCFJun 2026
Horned Frog 46Martin County, TX14,050 BBLs40,285 MCFJun 2026
Hudgeons 39Martin County, TX0 BBLs0 MCFJan 2020
Hydra 45-4 UnitMartin County, TX21,306 BBLs286,617 MCFJun 2026
KiserMartin County, TX0 BBLs0 MCFJun 2026
Leap Frog 47-11Howard County, TX10,888 BBLs118,924 MCFJun 2026
MadadorMartin County, TX13,568 BBLs82,850 MCFMay 2026
NoonanMartin County, TX85,280 BBLs256,113 MCFMay 2026
ReedHoward County, TX4,231 BBLs90,752 MCFJun 2026
Shorty 40Martin County, TX321 BBLs5,465 MCFJun 2026
SliderMartin County, TX39,714 BBLs157,259 MCFMay 2026
SmailsHoward County, TX11,209 BBLs115,898 MCFMay 2026
Tree Frog 47Howard County, TX6,587 BBLs90,410 MCFJun 2026

Companies in the Area

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

Company Name
Big Star Oil & Gas, LLC
Birch Operations, Inc.
Cobra Oil & Gas Corporation
Crownquest Operating, LLC
Diamondback E&P LLC
Endeavor Energy Resources, LP
Energen Resources Corporation
Lynx Energy Company, Inc.
Lynx Operating Co., Inc.
Maguire Oil Company
McShane, J. Inc.
Meritage Energy Company LLC
New Height Energy, LLC
Oxyrock Operating, LLC
R K Petroleum Corp.
Rock Fish Operating LLC
Rosewood Resources Inc
SM Energy Company
SMC Oil & Gas, Inc.
TMBR/Sharp Drilling, Inc.

Owners of Phillips

Royalty Ownership data is obtained from public records
YearOwnerProperty NameOperatorPercentageInterest TypeAppraisal ValueLegal Desciption
2026DIAMONDBACK E&P LLCPHILLIPS 39 #2-4DIAMONDBACK
2026DIAMONDBACK E&P LLCPHILLIPS UNIT 1DIAMONDBACK

Oil & Gas Sales on Phillips

Lease #Lease NameReporting PeriodProductVolumeValueGross PricePurchaserProducer
Lease #Lease NameReporting PeriodProductOil VolumeOil ValueCalculated Oil PricePurchaserProducer
08-38958PHILLIPS 39Jun 2026EXPLORE LOGISTICS LLCDIAMONDBACK E&P LLC
08-38958PHILLIPS 39May 2026EXPLORE LOGISTICS LLCDIAMONDBACK E&P LLC
08-38029PHILLIPS UNITApr 2026EXPLORE LOGISTICS LLCDIAMONDBACK E&P LLC
08-38958PHILLIPS 39Apr 2026EXPLORE LOGISTICS LLCDIAMONDBACK E&P LLC
08-38958PHILLIPS 39Mar 2026EXPLORE LOGISTICS LLCDIAMONDBACK E&P LLC
08-38958PHILLIPS 39Feb 2026EXPLORE LOGISTICS LLCDIAMONDBACK E&P LLC
08-38029PHILLIPS UNITFeb 2026EXPLORE LOGISTICS LLCDIAMONDBACK E&P LLC
08-38958PHILLIPS 39Jan 2026EXPLORE LOGISTICS LLCDIAMONDBACK E&P LLC
08-38958PHILLIPS 39Dec 2025EXPLORE LOGISTICS LLCDIAMONDBACK E&P LLC
08-38029PHILLIPS UNITNov 2025EXPLORE LOGISTICS LLCDIAMONDBACK E&P LLC
08-38958PHILLIPS 39Nov 2025EXPLORE LOGISTICS LLCDIAMONDBACK E&P LLC
08-38958PHILLIPS 39Oct 2025EXPLORE LOGISTICS LLCDIAMONDBACK E&P LLC
08-38029PHILLIPS UNITOct 2025EXPLORE LOGISTICS LLCDIAMONDBACK E&P LLC
08-38958PHILLIPS 39Sep 2025EXPLORE LOGISTICS LLCDIAMONDBACK E&P LLC
08-38958PHILLIPS 39Aug 2025EXPLORE LOGISTICS LLCDIAMONDBACK E&P LLC
08-38029PHILLIPS UNITAug 2025EXPLORE LOGISTICS LLCDIAMONDBACK E&P LLC
08-38029PHILLIPS UNITJul 2025EXPLORE LOGISTICS LLCDIAMONDBACK E&P LLC
08-38958PHILLIPS 39Jul 2025EXPLORE LOGISTICS LLCDIAMONDBACK E&P LLC
08-38958PHILLIPS 39Jun 2025EXPLORE LOGISTICS LLCDIAMONDBACK E&P LLC
08-38958PHILLIPS 39Jun 2025ENERGY TRANSFER CRUDE MARKETING LLCDIAMONDBACK E&P LLC
08-38958PHILLIPS 39May 2025ENERGY TRANSFER CRUDE MARKETING LLCDIAMONDBACK E&P LLC
08-38958PHILLIPS 39May 2025EXPLORE LOGISTICS LLCDIAMONDBACK E&P LLC
08-38029PHILLIPS UNITMay 2025EXPLORE LOGISTICS LLCDIAMONDBACK E&P LLC
08-38958PHILLIPS 39Apr 2025ENERGY TRANSFER CRUDE MARKETING LLCDIAMONDBACK E&P LLC
08-38029PHILLIPS UNITApr 2025EXPLORE LOGISTICS LLCDIAMONDBACK E&P LLC