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Royalty Clerk

Texas gas well

Producing

PANDA UNIT

Panda Unit is a gas well in Culberson County, Texas, operated by Conocophillips Company in the Ford, West (Wolfcamp) field.

1 well

3,552mcf gas, last 12 months−83% vs prior year
Operator
Conocophillips Company
County
Culberson County
Field
Ford, West (Wolfcamp)
RRC lease
08-273995

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Where it sits

This county

Culberson CountyCulbersonCulberson County
Culberson County
Oil, last 12 months
7,638 bbl
Gas in Jul 2026
0 mcf

Production by month

Gas output fell 83% over the last 12 months

  • Gas (bars)
  • Oil (line)
  • Last 12 months
Gas output fell 83% over the last 12 monthsMonthly gas production and oil for PANDA UNIT, Aug 2023 to Jul 2026. Gas output fell 83% over the last 12 months. 3,552 mcf in the 12 months through Jul 2026, against 20,823 mcf in the 12 months before.Last 12 months: 3,552 mcfmcf per monthbbl per month005,00050010k1,00015k1,50020k2,00025k2,500Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Gas output fell 83% over the last 12 monthsMonthly gas production and oil for PANDA UNIT, Aug 2023 to Jul 2026. Gas output fell 83% over the last 12 months. 3,552 mcf in the 12 months through Jul 2026, against 20,823 mcf in the 12 months before.Last 12 monthsmcf per monthbbl per month005,00050010k1,00015k1,50020k2,00025k2,500Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

78% of the gas went to a processing plant in the last 12 months

Flaring peaked at 62.3% of the gas in Dec 2024.

  • Processing plant (3)
  • Lease fuel (1)
  • Flared (4)
78% of the gas went to a processing plant in the last 12 monthsShare of PANDA UNIT gas by disposition code each month, Aug 2023 to Jul 2026. 78% of the gas went to a processing plant in the last 12 months. Flaring peaked at 62.3% of the gas in Dec 2024.Share of the lease’s gas by disposition code, per month0%50%100%Flared 62.3%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
78% of the gas went to a processing plant in the last 12 monthsShare of PANDA UNIT gas by disposition code each month, Aug 2023 to Jul 2026. 78% of the gas went to a processing plant in the last 12 months. Flaring peaked at 62.3% of the gas in Dec 2024.Share of gas by disposition code0%50%100%Flared 62.3%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    78% · 41,236 mcf

  • Flared (4)

    21% · 11,015 mcf

  • Lease fuel (1)

    1.5% · 794 mcf

20.8% of the gas flared in the last 12 months. 9 months above 3%.

1 well on this lease

Wells on PANDA UNIT
API numberWell no.Status
42-109-325481002 HActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
United Energy Trading LLCCondensateGathers100Jul 1, 2026–
Conocophillips CompanyGas-well gasBuys100Jul 1, 2026–
Delaware Basin Midstream LLCGas-well gasGathers100May 1, 2023–
Plains Pipeline L.p.CondensateGathers100Mar 1, 2025Jul 1, 2026
Delaware Basin Midstream LLCGas-well gasBuys100May 1, 2023Jul 1, 2026
4J Energy, LLCCondensateGathers50May 1, 2024Mar 1, 2025
Cp Energy, L.l.c.CondensateGathers50May 1, 2024Mar 1, 2025
Plains Pipeline L.p.CondensateGathers100May 1, 2023May 1, 2024
4J Energy, LLCCondensateGathers33Nov 1, 2018May 1, 2023

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

Who buys my oilOil price check

640 acres on the newest permit

Permits for Panda Unit
API numberWell no.Acreson the permit
42-109-325481002 H640

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

Unit decimal checker

What ConocoPhillips told investors it received

Conocophillips Company is linked to ConocoPhillips (COP).
Realized prices reported by ConocoPhillips
QuarterOil$ per bblFiling
Q2 2026$99.40SEC filing
Q1 2026$73.47SEC filing
Q3 2025$66.13SEC filing
Q2 2025$64.23SEC filing
Q1 2025$71.65SEC filing
Q3 2024$76.77SEC filing

SourceConocoPhillips quarterly reports, SEC EDGAR, company-wide averages before hedging.

Estimate your royalty

36 months, newest first

Ledger for PANDA UNIT
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20261,3061,382000$80.46$2.89
Jun 20261,4211,34471683$84.81$3.15
May 20269688052,2851,789496$102.13$2.94
Apr 2026178305692454238$100.32$2.77
Mar 2026427445000$91.38$3.04
Feb 202600000$64.51$3.62
Jan 202600000$60.04$7.72
Dec 2025236232000$57.97$4.26
Nov 20256889065045040$60.06$3.79
Oct 2025414191000$60.89$3.19
Sep 2025166418000$63.96$2.97
Aug 20251,8341,411000$64.86$2.91
Jul 202522000$68.39$3.20
Jun 202500000$68.17$3.02
May 202500000$62.17$3.12
Apr 2025016000$63.54$3.42
Mar 2025167191000$68.24$4.12
Feb 20251,9732,0925,2084,1141,094$71.53$4.19
Jan 20251,3911,38912,20511,405800$75.74$4.13
Dec 20245473973,4101,2862,124$70.12$3.01
Nov 202497371000$69.95$2.12
Oct 20241,3471,300000$71.99$2.20
Sep 2024727786000$70.24$2.28
Aug 20241,3741,264000$76.68$1.99
Jul 20242,2132,46614,34213,0331,309$81.80$2.07
Jun 20241,7771,4986,4572,7633,694$79.77$2.54
May 20247525952,0834951,257$80.02$2.12
Apr 202400000$85.35$1.60
Mar 2024006014980$81.28$1.49
Feb 2024005,1874,8270$77.25$1.72
Jan 202400000$74.15$3.18
Dec 202300000$71.90$2.52
Nov 202300000$77.69$2.71
Oct 202300000$85.64$2.98
Sep 202300000$89.43$2.64
Aug 20230244000$81.39$2.58

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

OperatorConocophillips CompanyFieldFord, West (Wolfcamp)CountyCulberson County

Conocophillips Company in Culberson County

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Ford, West (Wolfcamp) field

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