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Texas gas well

Producing

MARGAY STATE 18 UNIT

Margay State 18 Unit is a gas well in Reeves County, Texas, operated by Perun Energy LLC in the Phantom (Wolfcamp) field.

Gas well dossier

336,365mcf gas, last 12 months−33% vs prior year
Operator
Perun Energy LLC
County
Reeves County
Field
Phantom (Wolfcamp)
RRC lease
08-297752

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Where it sits

This county

Reeves CountyReevesWinklerWardLovingReeves County
Reeves County
Oil, last 12 months
22,189 bbl
Gas in Jul 2026
28,292 mcf

Checks stopped on this lease?

  • Operator

    Operator changed: Perun Energy LLC took over from Upcurve Energy, LLC in May 2026.

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

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Production by month

Gas output fell 33% over the last 12 months

  • Gas (bars)
  • Oil (line)
  • Last 12 months
Gas output fell 33% over the last 12 monthsMonthly gas production and oil for MARGAY STATE 18 UNIT, Aug 2023 to Jul 2026. Gas output fell 33% over the last 12 months. 336,365 mcf in the 12 months through Jul 2026, against 505,190 mcf in the 12 months before.Last 12 months: 336,365 mcfmcf per monthbbl per month0025k2,50050k5,00075k7,500100k10k125k12.5kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Gas output fell 33% over the last 12 monthsMonthly gas production and oil for MARGAY STATE 18 UNIT, Aug 2023 to Jul 2026. Gas output fell 33% over the last 12 months. 336,365 mcf in the 12 months through Jul 2026, against 505,190 mcf in the 12 months before.Last 12 monthsmcf per monthbbl per month0025k2,50050k5,00075k7,500100k10k125k12.5kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

93% of the gas went to a transmission line in the last 12 months

Flaring peaked at 5.7% of the gas in Nov 2023.

  • Transmission line (2)
  • Lease fuel (1)
  • Flared (4)
93% of the gas went to a transmission line in the last 12 monthsShare of MARGAY STATE 18 UNIT gas by disposition code each month, Aug 2023 to Jul 2026. 93% of the gas went to a transmission line in the last 12 months. Flaring peaked at 5.7% of the gas in Nov 2023.Share of the lease’s gas by disposition code, per month0%50%100%Flared 5.7%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
93% of the gas went to a transmission line in the last 12 monthsShare of MARGAY STATE 18 UNIT gas by disposition code each month, Aug 2023 to Jul 2026. 93% of the gas went to a transmission line in the last 12 months. Flaring peaked at 5.7% of the gas in Nov 2023.Share of gas by disposition code0%50%100%Flared 5.7%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    93% · 311,924 mcf

  • Lease fuel (1)

    7.0% · 23,468 mcf

  • Flared (4)

    0.3% · 973 mcf

0.3% of the gas flared in the last 12 months. 2 months above 3%.

Who has run this lease

The operator changed once, most recently in May 2026

Operators of this lease over timeUpcurve Energy, LLC, Jul 2023 to Apr 2026; Perun Energy LLC, May 2026 to Jul 2026202420252026Changed May 2026Upcurve Energy, LLCJul 2023 to Apr 2026Perun Energy LLCMay 2026 to now
Operators of this lease over timeUpcurve Energy, LLC, Jul 2023 to Apr 2026; Perun Energy LLC, May 2026 to Jul 2026202420252026Changed May 2026Upcurve Energy, LLCJul 2023 to Apr 2026Perun Energy LLCMay 2026 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Wells on this lease

No wells are linked to this lease in our data

Production is still reported at lease level.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%From
Plains Marketing, L.p.CondensateGathers100Jul 4, 2023
Eagleclaw Midstream Ventures,llcGas-well gasBuys100Jul 4, 2023
Kinetik Holdings LPGas-well gasGathers100Jul 4, 2023

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

Who buys my oilOil price check

317.22 acres on the newest permit

Check your decimal on this lease
Permits for Margay State 18 Unit
API numberWell no.Acreson the permit
42-389-403912H317.22

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

Unit decimal checker

Estimate your royalty

36 months, newest first

Ledger for MARGAY STATE 18 UNIT
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Perun Energy1,6041,60228,29226,2861$80.46$2.89
Jun 2026Perun Energy1,6021,60328,12625,836231$84.81$3.15
May 2026Perun Energy2,0272,08127,63225,505111$102.13$2.94
Apr 2026Upcurve Energy,2,7832,83229,61127,514144$100.32$2.77
Mar 2026Upcurve Energy,1,6151,48923,24521,52124$91.38$3.04
Feb 2026Upcurve Energy,351306,2086,2080$64.51$3.62
Jan 2026Upcurve Energy,1,6661,63823,77821,78334$60.04$7.72
Dec 2025Upcurve Energy,1,7942,00133,03430,16126$57.97$4.26
Nov 2025Upcurve Energy,2,2192,10532,60829,33359$60.06$3.79
Oct 2025Upcurve Energy,2,4372,49934,54132,121173$60.89$3.19
Sep 2025Upcurve Energy,2,1321,95433,14731,61076$63.96$2.97
Aug 2025Upcurve Energy,2,2752,26536,14334,04694$64.86$2.91
Jul 2025Upcurve Energy,2,4982,49836,47434,49583$68.39$3.20
Jun 2025Upcurve Energy,2,4172,42035,42433,638105$68.17$3.02
May 2025Upcurve Energy,2,3962,40438,31636,082297$62.17$3.12
Apr 2025Upcurve Energy,2,4692,46636,55234,005164$63.54$3.42
Mar 2025Upcurve Energy,2,6622,63238,78436,24313$68.24$4.12
Feb 2025Upcurve Energy,2,3412,34335,44432,22482$71.53$4.19
Jan 2025Upcurve Energy,2,8472,86742,52339,417175$75.74$4.13
Dec 2024Upcurve Energy,3,0833,07345,82643,28287$70.12$3.01
Nov 2024Upcurve Energy,3,1193,12543,91540,27198$69.95$2.12
Oct 2024Upcurve Energy,3,0843,11848,91945,607110$71.99$2.20
Sep 2024Upcurve Energy,3,9683,95950,08946,975138$70.24$2.28
Aug 2024Upcurve Energy,3,5303,51252,92449,835301$76.68$1.99
Jul 2024Upcurve Energy,3,8303,86156,61753,523484$81.80$2.07
Jun 2024Upcurve Energy,3,8153,80156,69653,434390$79.77$2.54
May 2024Upcurve Energy,4,2544,25661,33958,363497$80.02$2.12
Apr 2024Upcurve Energy,3,4693,46546,89246,568149$85.35$1.60
Mar 2024Upcurve Energy,4,3034,31555,30354,994149$81.28$1.49
Feb 2024Upcurve Energy,4,2184,20853,79652,938540$77.25$1.72
Jan 2024Upcurve Energy,4,4934,53955,41854,164894$74.15$3.18
Dec 2023Upcurve Energy,5,4365,42566,48264,9861,168$71.90$2.52
Nov 2023Upcurve Energy,5,5945,63969,14365,1903,953$77.69$2.71
Oct 2023Upcurve Energy,7,0207,00278,69675,1133,583$85.64$2.98
Sep 2023Upcurve Energy,8,0267,97681,83177,0581,501$89.43$2.64
Aug 2023Upcurve Energy,11,10611,137101,83995,3012,129$81.39$2.58

Flared above 3%

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

OperatorPerun Energy LLCFieldPhantom (Wolfcamp)CountyReeves County

Perun Energy LLC in Reeves County

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Phantom (Wolfcamp) field

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New drilling permits in Reeves County

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