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Texas oil lease

Producing

MCGARY 16

McGary 16 is an oil lease in Reeves County, Texas, operated by Perun Energy LLC in the Phantom (Wolfcamp) field.

1 well

42,375bbl oil, last 12 months
Operator
Perun Energy LLC
County
Reeves County
Field
Phantom (Wolfcamp)
RRC lease
08-62985

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Where it sits

This county

Reeves CountyReevesWinklerWardLovingReeves County
Reeves County
Gas, last 12 months
239,266 mcf
Oil in Jul 2026
2,465 bbl

Production by month

Oil output fell 56% since Oct 2024

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 56% since Oct 2024Monthly oil production and gas for MCGARY 16, Oct 2024 to Jul 2026. Oil output fell 56% since Oct 2024. Monthly average of 2,521 bbl in the latest 3 months, against 5,748 bbl in the first 3.Last 12 months: 42,375 bblbbl per monthmcf per month002,5005,0005,00010k7,50015k10k20k12.5k25kOct 24Jan 25AprJulOctJan 26AprJul
Oil output fell 56% since Oct 2024Monthly oil production and gas for MCGARY 16, Oct 2024 to Jul 2026. Oil output fell 56% since Oct 2024. Monthly average of 2,521 bbl in the latest 3 months, against 5,748 bbl in the first 3.Last 12 monthsbbl per monthmcf per month002,5005,0005,00010k7,50015k10k20k12.5k25kJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

94% of the gas went to a transmission line in the last 12 months

Flaring peaked at 15.4% of the gas in Oct 2024.

  • Transmission line (2)
  • Lease fuel (1)
  • Flared (4)
94% of the gas went to a transmission line in the last 12 monthsShare of MCGARY 16 gas by disposition code each month, Oct 2024 to Jul 2026. 94% of the gas went to a transmission line in the last 12 months. Flaring peaked at 15.4% of the gas in Oct 2024.Share of the lease’s gas by disposition code, per month0%50%100%Flared 15.4%Oct 24Jan 25AprJulOctJan 26AprJul
94% of the gas went to a transmission line in the last 12 monthsShare of MCGARY 16 gas by disposition code each month, Oct 2024 to Jul 2026. 94% of the gas went to a transmission line in the last 12 months. Flaring peaked at 15.4% of the gas in Oct 2024.Share of gas by disposition code0%50%100%Flared 15.4%Jan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    94% · 224,905 mcf

  • Flared (4)

    3.7% · 8,878 mcf

  • Lease fuel (1)

    2.3% · 5,483 mcf

3.7% of the gas flared in the last 12 months. 11 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, Oct 2024 to Apr 2026; Perun Energy LLC, May 2026 to Jul 202620252026Changed May 2026Upcurve Energy, LLCOct 2024 to Apr 2026Perun Energy LLCMay 2026 to now
Operators of this lease over timeUpcurve Energy, LLC, Oct 2024 to Apr 2026; Perun Energy LLC, May 2026 to Jul 202620252026Changed May 2026Upcurve Energy, LLCOct 2024 to Apr 2026Perun Energy LLCMay 2026 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

1 well on this lease

Wells on MCGARY 16
API numberWell no.Status
42-389-398932HActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%From
Enterprise Crude Oil LLCOilGathers100Apr 1, 2023
Energy Transfer CompanyCasinghead gasBuys100Apr 1, 2023
Energy Transfer CompanyCasinghead gasGathers100Apr 1, 2023

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

Who buys my oilOil price check

646.68 acres on the newest permit

Permits for McGary 16
API numberWell no.Acreson the permit
42-389-398932H646.68

SourceRailroad Commission drilling permits, Sep 26, 2026 (source 1, source 2).

Unit decimal checker

Estimate your royalty

22 months, newest first

Ledger for MCGARY 16
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Perun Energy2,4652,45416,25713,6781,387$80.46$2.89
Jun 2026Perun Energy2,4182,41015,91114,483989$84.81$3.15
May 2026Perun Energy2,6792,68017,86716,890940$102.13$2.94
Apr 2026Upcurve Energy,2,8332,84918,18217,669513$100.32$2.77
Mar 2026Upcurve Energy,3,1143,10619,50218,583726$91.38$3.04
Feb 2026Upcurve Energy,3,0313,02718,22517,550413$64.51$3.62
Jan 2026Upcurve Energy,3,5903,59021,94320,485981$60.04$7.72
Dec 2025Upcurve Energy,3,8983,91422,43219,6961,720$57.97$4.26
Nov 2025Upcurve Energy,4,2264,20922,98422,387446$60.06$3.79
Oct 2025Upcurve Energy,4,6764,67222,97422,139275$60.89$3.19
Sep 2025Upcurve Energy,4,6304,63722,66322,205128$63.96$2.97
Aug 2025Upcurve Energy,4,8154,82220,32619,140360$64.86$2.91
Jul 2025Upcurve Energy,5,2475,25020,32319,97860$68.39$3.20
Jun 2025Upcurve Energy,5,7425,74621,19720,434126$68.17$3.02
May 2025Upcurve Energy,6,3226,31920,02917,786246$62.17$3.12
Apr 2025Upcurve Energy,7,1737,16919,94317,7471,384$63.54$3.42
Mar 2025Upcurve Energy,8,9238,93721,84619,385698$68.24$4.12
Feb 2025Upcurve Energy,8,0008,01615,97213,897409$71.53$4.19
Jan 2025Upcurve Energy,10,06510,07617,94314,505305$75.74$4.13
Dec 2024Upcurve Energy,9,7189,69217,33414,3771,072$70.12$3.01
Nov 2024Upcurve Energy,7,1557,04711,1409,4391,267$69.95$2.12
Oct 2024Upcurve Energy,37035552142980$71.99$2.20

Flared above 3%

SourceTexas Railroad Commission Production Data Query, through Jul 2026. Prices: EIA, through Aug 2026. Updated Sep 28, 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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