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Texas gas well

Producing

LT. GIBSON 1 STATE

LT. Gibson 1 State is a gas well in Culberson County, Texas, operated by Coterra Energy Operating Co. in the Sandbar (Bone Spring) field.

1 well

753,239mcf gas, last 12 months−16% vs prior year
Operator
Coterra Energy Operating Co.
County
Culberson County
Field
Sandbar (Bone Spring)
RRC lease
08-293995

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Where it sits

This county

Culberson CountyCulbersonCulberson County
Culberson County
Oil, last 12 months
35,961 bbl
Gas in Jul 2026
65,549 mcf

Checks stopped on this lease?

  • Operator

    Operator changed: Coterra Energy Operating Co. took over from Cimarex Energy Co. in Nov 2025.

  • P-5

    The previous operator's P-5 registration is listed as delinquent (last P-5 filed Jul 8, 2025).

  • Buyer

    Buyer changed: COTERRA ENERGY OPERATING CO. replaced CIMAREX ENERGY CO. as the buyer of this lease's gas from gas wells on Jan 1, 2026.

SourceRailroad Commission production, P-5 and P-4 records, data through Jul 2026.

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Production by month

Gas output fell 16% over the last 12 months

  • Gas (bars)
  • Oil (line)
  • Last 12 months
Gas output fell 16% over the last 12 monthsMonthly gas production and oil for LT. GIBSON 1 STATE, Aug 2023 to Jul 2026. Gas output fell 16% over the last 12 months. 753,239 mcf in the 12 months through Jul 2026, against 892,469 mcf in the 12 months before.Last 12 months: 753,239 mcfmcf per monthbbl per month0050k2,500100k5,000150k7,500200k10k250k12.5kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Gas output fell 16% over the last 12 monthsMonthly gas production and oil for LT. GIBSON 1 STATE, Aug 2023 to Jul 2026. Gas output fell 16% over the last 12 months. 753,239 mcf in the 12 months through Jul 2026, against 892,469 mcf in the 12 months before.Last 12 monthsmcf per monthbbl per month0050k2,500100k5,000150k7,500200k10k250k12.5kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

All of the gas went to a processing plant in the last 12 months

All of the gas went to a processing plant in the last 12 monthsShare of LT. GIBSON 1 STATE gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to a processing plant in the last 12 months.Share of the lease’s gas by disposition code, per month0%50%100%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
All of the gas went to a processing plant in the last 12 monthsShare of LT. GIBSON 1 STATE gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to a processing plant in the last 12 months.Share of gas by disposition code0%50%100%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Who has run this lease

The operator changed once, most recently in Nov 2025

Operators of this lease over timeCimarex Energy Co., Feb 2023 to Oct 2025; Coterra Energy Operating Co., Nov 2025 to Jul 2026202420252026Changed Nov 2025Cimarex Energy Co.Feb 2023 to Oct 2025Coterra Energy Operating Co.Nov 2025 to now
Operators of this lease over timeCimarex Energy Co., Feb 2023 to Oct 2025; Coterra Energy Operating Co., Nov 2025 to Jul 2026202420252026Changed Nov 2025Cimarex Energy Co.Feb 2023 to Oct 2025Coterra Energy Operating Co.Nov 2025 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

1 well on this lease

Wells on LT. GIBSON 1 STATE
API numberWell no.Status
42-109-3385010HActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Plains Marketing, L.p.CondensateGathers50Feb 7, 2023–
Plains Pipeline L.p.CondensateGathers50Feb 7, 2023–
Coterra Energy Operating Co.Gas-well gasBuys100Jan 1, 2026–
Coterra Energy Operating Co.Gas-well gasGathers100Jan 1, 2026–
Cimarex Energy Co.Gas-well gasGathers100Feb 7, 2023Jan 1, 2026
Cimarex Energy Co.Gas-well gasBuys100Feb 7, 2023Jan 1, 2026

SourceRailroad Commission Form P-4 file, Sep 24, 2026 (source).

Who buys my oilOil price check

1,368 acres on the newest permit

Check your decimal on this lease
Permits for LT. Gibson 1 State
API numberWell no.Acreson the permit
42-109-3385010H1,368

SourceRailroad Commission drilling permits, Oct 3, 2026 (source 1, source 2).

Unit decimal checker

What Devon Energy Corporation told investors it received

Coterra Energy Operating Co. is linked to Devon Energy Corporation (CTRA).
Realized prices reported by Devon Energy Corporation
QuarterOil$ per bblFiling
Q2 2026$95.10SEC filing
Q1 2026$70.79SEC filing
Q3 2025$64.10SEC filing
Q2 2025$62.80SEC filing
Q1 2025$69.73SEC filing
Q3 2024$74.04SEC filing

SourceDevon Energy Corporation quarterly reports, SEC EDGAR, company-wide averages before hedging.

Estimate your royalty

36 months, newest first

Ledger for LT. GIBSON 1 STATE
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Coterra Energy2,3232,33965,54965,5490$80.46$2.89
Jun 2026Coterra Energy2,9462,97074,51274,5120$84.81$3.15
May 2026Coterra Energy3,2543,23379,96279,9620$102.13$2.94
Apr 2026Coterra Energy2,2752,27149,45149,4510$100.32$2.77
Mar 2026Coterra Energy2,7122,71851,19751,1970$91.38$3.04
Feb 2026Coterra Energy2,6292,61956,00056,0000$64.51$3.62
Jan 2026Coterra Energy3,1113,13171,79771,7970$60.04$7.72
Dec 2025Coterra Energy3,3553,34560,01160,0110$57.97$4.26
Nov 2025Coterra Energy3,0983,09957,75957,7590$60.06$3.79
Oct 2025Cimarex Energy3,3523,35962,56562,5650$60.89$3.19
Sep 2025Cimarex Energy3,5243,51960,13760,1370$63.96$2.97
Aug 2025Cimarex Energy3,3823,38764,29964,2990$64.86$2.91
Jul 2025Cimarex Energy3,1823,16562,76662,7660$68.39$3.20
Jun 2025Cimarex Energy3,4703,47165,18465,1840$68.17$3.02
May 2025Cimarex Energy3,8123,81668,92468,9240$62.17$3.12
Apr 2025Cimarex Energy3,9803,97372,32872,3280$63.54$3.42
Mar 2025Cimarex Energy4,2824,30173,37773,3770$68.24$4.12
Feb 2025Cimarex Energy3,9453,92365,98365,9830$71.53$4.19
Jan 2025Cimarex Energy4,1104,12874,04774,0470$75.74$4.13
Dec 2024Cimarex Energy4,6474,63279,12879,1280$70.12$3.01
Nov 2024Cimarex Energy4,5574,56078,85078,8500$69.95$2.12
Oct 2024Cimarex Energy5,1775,17684,18684,1860$71.99$2.20
Sep 2024Cimarex Energy5,2105,21281,15181,1510$70.24$2.28
Aug 2024Cimarex Energy5,8005,80386,54586,5450$76.68$1.99
Jul 2024Cimarex Energy6,0336,04090,41590,4150$81.80$2.07
Jun 2024Cimarex Energy6,4046,39395,29295,2920$79.77$2.54
May 2024Cimarex Energy7,2677,25597,70197,7010$80.02$2.12
Apr 2024Cimarex Energy7,7207,724128,272128,2720$85.35$1.60
Mar 2024Cimarex Energy3,5753,57365,75865,7580$81.28$1.49
Feb 2024Cimarex Energy3,7843,81764,30364,3030$77.25$1.72
Jan 2024Cimarex Energy6,9066,959108,080108,0800$74.15$3.18
Dec 2023Cimarex Energy8,0668,054116,443116,4430$71.90$2.52
Nov 2023Cimarex Energy7,8247,760107,326107,3260$77.69$2.71
Oct 2023Cimarex Energy8,7338,764125,320125,3200$85.64$2.98
Sep 2023Cimarex Energy9,99910,008135,743135,7430$89.43$2.64
Aug 2023Cimarex Energy11,73111,751147,968147,9680$81.39$2.58

SourceTexas Railroad Commission Production Data Query, through Jul 2026. Prices: EIA, through Aug 2026. Updated Oct 2, 2026.

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Nearby

This lease belongs to

OperatorCoterra Energy Operating Co.FieldSandbar (Bone Spring)CountyCulberson County

Coterra Energy Operating Co. in Culberson County

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Sandbar (Bone Spring) field

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