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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

1,057,349mcf gas, last 12 months
RRC lease
08-298772

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Where it sits

This county

Culberson CountyCulbersonCulberson County
Culberson County
Oil, last 12 months
196,871 bbl
Gas in Jul 2026
97,076 mcf

Production by month

Gas output fell 50% since Mar 2025

  • Gas (bars)
  • Oil (line)
Gas output fell 50% since Mar 2025Monthly gas production and oil for PANDA UNIT, Mar 2025 to Jul 2026. Gas output fell 50% since Mar 2025. Monthly average of 86,924 mcf in the latest 3 months, against 172,671 mcf in the first 3.mcf per monthbbl per month00100k10k200k20k300k30k400k40k500k50kApr 25JulOctJan 26AprJul
Gas output fell 50% since Mar 2025Monthly gas production and oil for PANDA UNIT, Mar 2025 to Jul 2026. Gas output fell 50% since Mar 2025. Monthly average of 86,924 mcf in the latest 3 months, against 172,671 mcf in the first 3.mcf per monthbbl per month00100k10k200k20k300k30k400k40k500k50kJul 25Jan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

Over 99% of the gas went to a processing plant in the last 12 months

  • Processing plant (3)
  • Lease fuel (1)
  • Flared (4)
Over 99% of the gas went to a processing plant in the last 12 monthsShare of PANDA UNIT gas by disposition code each month, Mar 2025 to Jul 2026. Over 99% 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%Apr 25JulOctJan 26AprJul
Over 99% of the gas went to a processing plant in the last 12 monthsShare of PANDA UNIT gas by disposition code each month, Mar 2025 to Jul 2026. Over 99% of the gas went to a processing plant in the last 12 months.Share of gas by disposition code0%50%100%Jul 25Jan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    100% · 1,056,669 mcf

  • Lease fuel (1)

    0.0% · 519 mcf

  • Flared (4)

    0.0% · 161 mcf

1 well on this lease

Wells on PANDA UNIT
API numberWell no.Status
42-109-34164708HActive

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 8, 2024–
Delaware Basin Midstream LLCGas-well gasGathers100May 8, 2024–
4J Energy, LLCCondensateGathers50May 8, 2024Mar 1, 2025
Cp Energy, L.l.c.CondensateGathers50May 8, 2024Mar 1, 2025

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

1,294.75 acres on the newest permit

Permits for Panda Unit
API numberWell no.Acreson the permit
42-109-34164708H1,294.75

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

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

17 months, newest first

Ledger for PANDA UNIT
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 202613,11113,14097,07697,00232$80.46$2.89
Jun 202612,21812,25587,14087,08524$84.81$3.15
May 202613,54113,53076,55576,50125$102.13$2.94
Apr 202613,61813,52476,03175,9973$100.32$2.77
Mar 20263,6123,7383,6913,6891$91.38$3.04
Feb 202616,27016,25378,09778,0720$64.51$3.62
Jan 202614,42914,45171,63871,55451$60.04$7.72
Dec 202520,03019,997101,108101,04810$57.97$4.26
Nov 202518,12418,15392,58292,4901$60.06$3.79
Oct 202521,08821,100103,145103,0606$60.89$3.19
Sep 202520,45920,497109,622109,5763$63.96$2.97
Aug 202530,37130,207160,664160,5955$64.86$2.91
Jul 202517,04817,14686,14386,0692$68.39$3.20
Jun 202525,68425,607127,806127,76410$68.17$3.02
May 202541,73141,871228,722228,7166$62.17$3.12
Apr 202548,72248,606282,676282,59086$63.54$3.42
Mar 20252331386,6146,60014$68.24$4.12

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

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Nearby

Conocophillips Company in Culberson County

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Ford, West (Wolfcamp) field

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Leases within 10 km

Drilling permits within 10 km