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Texas gas well

Producing

PBGM

Pbgm is a gas well in Smith County, Texas, operated by Valence Operating Company in the Overton (Cotton Valley Sand) field.

1 well

128,772mcf gas, last 12 months−2% vs prior year
Operator
Valence Operating Company
County
Smith County
Field
Overton (Cotton Valley Sand)
RRC lease
06-285946

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Where it sits

This county

Smith CountySmithVan ZandtGreggUpshurWoodRuskCampRainsHendersonSmith County
Smith County
Oil, last 12 months
3,432 bbl
Gas in Jul 2026
11,250 mcf

Production by month

Gas output held steady over the last 12 months

  • Gas (bars)
  • Oil (line)
  • Last 12 months
Gas output held steady over the last 12 monthsMonthly gas production and oil for PBGM, Aug 2023 to Jul 2026. Gas output held steady over the last 12 months. 128,772 mcf in the 12 months through Jul 2026, against 131,947 mcf in the 12 months before.Last 12 months: 128,772 mcfmcf per monthbbl per month005,00010010k20015k30020k40025k500Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Gas output held steady over the last 12 monthsMonthly gas production and oil for PBGM, Aug 2023 to Jul 2026. Gas output held steady over the last 12 months. 128,772 mcf in the 12 months through Jul 2026, against 131,947 mcf in the 12 months before.Last 12 monthsmcf per monthbbl per month005,00010010k20015k30020k40025k500Jan 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

  • Transmission line (2)
  • Lease fuel (1)
93% of the gas went to a transmission line in the last 12 monthsShare of PBGM 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.Share of the lease’s gas by disposition code, per month0%50%100%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
93% of the gas went to a transmission line in the last 12 monthsShare of PBGM 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.Share of gas by disposition code0%50%100%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    93% · 119,937 mcf

  • Lease fuel (1)

    6.9% · 8,835 mcf

1 well on this lease

Wells on PBGM
API numberWell no.Status
42-423-324201HActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Eastex Crude Company, LLCCondensateGathers100Sep 1, 2026–
Midcoast G & P (East Texas) L.p.Gas-well gasBuys100Nov 26, 2018–
Midcoast Pipelines (E Tx) L.p.Gas-well gasGathers100Nov 26, 2018–
Plains Marketing, L.p.CondensateGathers100Nov 26, 2018Sep 1, 2026

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

Who buys my oilOil price check

2,785.77 acres on the newest permit

  • Worth asking

    An allocation well is on this lease

    A well drilled across several tracts shares its production by an allocation formula, so the decimal is not always your acres over the unit acres. Ask the operator for the allocation formula and the tract factor for your land.

  • Worth asking

    A Rule 37 case is listed

    The RRC permit records list a Rule 37 case. This does not establish your royalty share. Ask for the permit and unit plat for your well.

Check your decimal on this lease
Permits for Pbgm
API numberWell no.Acreson the permit
42-423-324201H2,785.77

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

Unit decimal checker

Estimate your royalty

36 months, newest first

Ledger for PBGM
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 202625522911,25010,4530$80.46$2.89
Jun 202620122110,84110,0830$84.81$3.15
May 20262182549,9999,2660$102.13$2.94
Apr 202622921110,2309,4230$100.32$2.77
Mar 202633532711,03110,2330$91.38$3.04
Feb 202628028810,0359,2930$64.51$3.62
Jan 202640148812,58411,7450$60.04$7.72
Dec 20252771568,5037,9230$57.97$4.26
Nov 202532735210,6039,6810$60.06$3.79
Oct 202535440511,19210,3230$60.89$3.19
Sep 202528622911,55410,8420$63.96$2.97
Aug 202526930610,95010,6720$64.86$2.91
Jul 202528727212,24811,4960$68.39$3.20
Jun 202530831212,09011,4060$68.17$3.02
May 202535231511,42610,7670$62.17$3.12
Apr 202527132610,4569,9780$63.54$3.42
Mar 202533034811,70611,1860$68.24$4.12
Feb 20252371625,8515,8320$71.53$4.19
Jan 202534638710,1099,8880$75.74$4.13
Dec 202444641311,54911,2750$70.12$3.01
Nov 202431332311,73011,4520$69.95$2.12
Oct 202431329911,59111,3120$71.99$2.20
Sep 202432936811,38311,1110$70.24$2.28
Aug 202433728411,80811,5360$76.68$1.99
Jul 202440542211,88911,6100$81.80$2.07
Jun 202435436911,91211,6260$79.77$2.54
May 202439438812,93612,6370$80.02$2.12
Apr 202427126011,77011,4960$85.35$1.60
Mar 202426526910,52710,2800$81.28$1.49
Feb 202433337411,90111,6410$77.25$1.72
Jan 202436734814,25413,9280$74.15$3.18
Dec 202326927113,80113,4830$71.90$2.52
Nov 202337140813,41813,1010$77.69$2.71
Oct 202345545013,25613,0280$85.64$2.98
Sep 202339737013,20012,9120$89.43$2.64
Aug 202339138714,33814,0590$81.39$2.58

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

OperatorValence Operating CompanyFieldOverton (Cotton Valley Sand)CountySmith County

Valence Operating Company in Smith County

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Overton (Cotton Valley Sand) field

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