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Texas gas well

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PANDA UNIT

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

1 well

7,585mcf gas, last 12 months−51% vs prior year
Operator
Conocophillips Company
County
Culberson County
Field
Ford, West (Wolfcamp)
RRC lease
08-278768

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Where it sits

This county

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

Production by month

Gas output fell 51% over the last 12 months

  • Gas (bars)
  • Oil (line)
  • Last 12 months
Gas output fell 51% over the last 12 monthsMonthly gas production and oil for PANDA UNIT, Aug 2023 to Jul 2026. Gas output fell 51% over the last 12 months. 7,585 mcf in the 12 months through Jul 2026, against 15,636 mcf in the 12 months before.Last 12 months: 7,585 mcfmcf per monthbbl per month005,00025010k50015k75020k1,00025k1,250Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Gas output fell 51% over the last 12 monthsMonthly gas production and oil for PANDA UNIT, Aug 2023 to Jul 2026. Gas output fell 51% over the last 12 months. 7,585 mcf in the 12 months through Jul 2026, against 15,636 mcf in the 12 months before.Last 12 monthsmcf per monthbbl per month005,00025010k50015k75020k1,00025k1,250Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

Since May 2025 the lease's gas goes to a processing plant instead of lease fuel

Flaring peaked at 78.7% of the gas in Mar 2025.

  • Processing plant (3)
  • Lease fuel (1)
  • Flared (4)
Since May 2025 the lease's gas goes to a processing plant instead of lease fuelShare of PANDA UNIT gas by disposition code each month, Aug 2023 to Jul 2026. Since May 2025 the lease's gas goes to a processing plant instead of lease fuel. Flaring peaked at 78.7% of the gas in Mar 2025.Share of the lease’s gas by disposition code, per month0%50%100%May 2025: fuel to plantFlared 78.7%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since May 2025 the lease's gas goes to a processing plant instead of lease fuelShare of PANDA UNIT gas by disposition code each month, Aug 2023 to Jul 2026. Since May 2025 the lease's gas goes to a processing plant instead of lease fuel. Flaring peaked at 78.7% of the gas in Mar 2025.Share of gas by disposition code0%50%100%May 25: fuel to plantFlared 78.7%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    71% · 16,603 mcf

  • Lease fuel (1)

    19% · 4,350 mcf

  • Flared (4)

    9.8% · 2,268 mcf

9.8% of the gas flared in the last 12 months. 7 months above 3%.

1 well on this lease

Wells on PANDA UNIT
API numberWell no.Status
42-109-325381001 HShut-in

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Plains Pipeline L.p.CondensateGathers100Mar 1, 2025–
Delaware Basin Midstream LLCGas-well gasBuys100May 1, 2023–
Delaware Basin Midstream LLCGas-well gasGathers100May 1, 2023–
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
Cp Energy, L.l.c.CondensateGathers34Nov 1, 2018May 1, 2023
Western Refining Company, L.p.CondensateGathers33Nov 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
42-109-325381001 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 202600000$80.46$2.89
Jun 202600000$84.81$3.15
May 202600000$102.13$2.94
Apr 20261583671,4031,0520$100.32$2.77
Mar 202620203,8052,8770$91.38$3.04
Feb 202600000$64.51$3.62
Jan 202600000$60.04$7.72
Dec 202500000$57.97$4.26
Nov 202500000$60.06$3.79
Oct 202500000$60.89$3.19
Sep 20258331,2519900$63.96$2.97
Aug 2025001,1268680$64.86$2.91
Jul 2025201821250$68.39$3.20
Jun 202500220$68.17$3.02
May 20251020154950$62.17$3.12
Apr 2025136371226097$63.54$3.42
Mar 20251,2021,2792,49201,962$68.24$4.12
Feb 20253841845160209$71.53$4.19
Jan 202500000$75.74$4.13
Dec 2024670000$70.12$3.01
Nov 20241501,47000$69.95$2.12
Oct 202400000$71.99$2.20
Sep 2024157377000$70.24$2.28
Aug 202450856410,59410,5940$76.68$1.99
Jul 202458937011,70611,64759$81.80$2.07
Jun 20244323697,9087,649259$79.77$2.54
May 20241663801,0211,0210$80.02$2.12
Apr 202457456611,92311,9230$85.35$1.60
Mar 202463175914,33214,3320$81.28$1.49
Feb 202443438010,56110,5530$77.25$1.72
Jan 202410006,1665,5580$74.15$3.18
Dec 202376476414,18212,4250$71.90$2.52
Nov 20233473739,3546,9681,449$77.69$2.71
Oct 202371673717,77414,3151,701$85.64$2.98
Sep 202341337011,0998,1892,007$89.43$2.64
Aug 202312103,2722,9460$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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