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Texas gas well

Producing

THOMAS 203-204 UNIT

Thomas 203-204 Unit is a gas well in Ward County, Texas, operated by Permian Resources Operating, LLC in the Phantom (Wolfcamp) field.

1 well

352,433mcf gas, last 12 months−43% vs prior year
Operator
Permian Resources Operating, LLC
County
Ward County
Field
Phantom (Wolfcamp)
RRC lease
08-292937

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Where it sits

This county

Ward CountyWardWinklerCraneLovingReevesEctorWard County
Ward County
Oil, last 12 months
38,435 bbl
Gas in Jul 2026
34,586 mcf

Production by month

Gas output fell 43% over the last 12 months

  • Gas (bars)
  • Oil (line)
  • Last 12 months
Gas output fell 43% over the last 12 monthsMonthly gas production and oil for THOMAS 203-204 UNIT, Aug 2023 to Jul 2026. Gas output fell 43% over the last 12 months. 352,433 mcf in the 12 months through Jul 2026, against 613,540 mcf in the 12 months before.Last 12 months: 352,433 mcfmcf per monthbbl per month0025k2,50050k5,00075k7,500100k10kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Gas output fell 43% over the last 12 monthsMonthly gas production and oil for THOMAS 203-204 UNIT, Aug 2023 to Jul 2026. Gas output fell 43% over the last 12 months. 352,433 mcf in the 12 months through Jul 2026, against 613,540 mcf in the 12 months before.Last 12 monthsmcf per monthbbl per month0025k2,50050k5,00075k7,500100k10kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

97% of the gas went to a transmission line in the last 12 months

Flaring peaked at 27.5% of the gas in Apr 2026.

  • Transmission line (2)
  • Lease fuel (1)
  • Flared (4)
97% of the gas went to a transmission line in the last 12 monthsShare of THOMAS 203-204 UNIT gas by disposition code each month, Aug 2023 to Jul 2026. 97% of the gas went to a transmission line in the last 12 months. Flaring peaked at 27.5% of the gas in Apr 2026.Share of the lease’s gas by disposition code, per month0%50%100%Flared 27.5%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
97% of the gas went to a transmission line in the last 12 monthsShare of THOMAS 203-204 UNIT gas by disposition code each month, Aug 2023 to Jul 2026. 97% of the gas went to a transmission line in the last 12 months. Flaring peaked at 27.5% of the gas in Apr 2026.Share of gas by disposition code0%50%100%Flared 27.5%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    97% · 342,715 mcf

  • Lease fuel (1)

    1.7% · 5,958 mcf

  • Flared (4)

    1.1% · 3,760 mcf

1.1% of the gas flared in the last 12 months. 2 months above 3%.

Who has run this lease

The operator changed once, most recently in Mar 2023

Operators of this lease over timeColgate Operating, LLC, Dec 2021 to Feb 2023; Permian Resources Operating, LLC, Mar 2023 to Jul 202620222023202420252026Changed Mar 2023Colgate Operating, LLCDec 2021 to Feb 2023Permian Resources Operating,…Mar 2023 to now
Operators of this lease over timeColgate Operating, LLC, Dec 2021 to Feb 2023; Permian Resources Operating, LLC, Mar 2023 to Jul 202620222023202420252026Changed Mar 2023Colgate Operating, LLCDec 2021 to Feb 2023Permian Resources Operating, LLCMar 2023 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

1 well on this lease

Wells on THOMAS 203-204 UNIT
API numberWell no.Status
42-475-381871HActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Brazos Midstream Operating, LLCCondensateGathers33.34May 1, 2026–
Plains Marketing, L.p.CondensateGathers33.33May 1, 2026–
Plains Pipeline L.p.CondensateGathers33.33May 1, 2026–
Brazos Midstream Operating, LLCGas-well gasBuys100Dec 3, 2021–
Brazos Midstream Operating, LLCGas-well gasGathers100Dec 3, 2021–
Enterprise Crude Oil LLCCondensateGathers100Dec 3, 2021May 1, 2026

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

Who buys my oilOil price check

404.43 acres on the newest permit

  • 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 Thomas 203-204 Unit
API numberWell no.Acreson the permit
42-475-381871H404.43

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

Unit decimal checker

What Permian Resources Corporation told investors it received

Permian Resources Operating, LLC is linked to Permian Resources Corporation (PR).
Realized prices reported by Permian Resources Corporation
QuarterOil$ per bblFiling
Q2 2026$97.81SEC filing
Q1 2026$70.91SEC filing
Q4 2025$58.78SEC filing
Q3 2025$64.77SEC filing
Q2 2025$62.71SEC filing
Q1 2025$70.48SEC filing

SourcePermian Resources Corporation quarterly reports, SEC EDGAR, company-wide averages before hedging.

Estimate your royalty

36 months, newest first

Ledger for THOMAS 203-204 UNIT
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Permian Resources2,2432,34234,58634,4460$80.46$2.89
Jun 2026Permian Resources6015226,4636,3920$84.81$3.15
May 2026Permian Resources1,3191,32414,11314,0230$102.13$2.94
Apr 2026Permian Resources1,9622,18613,6529,6553,760$100.32$2.77
Mar 2026Permian Resources4,1573,97337,56736,7060$91.38$3.04
Feb 2026Permian Resources3,8123,81434,03933,2860$64.51$3.62
Jan 2026Permian Resources4,1114,17036,47735,7800$60.04$7.72
Dec 2025Permian Resources4,2554,19537,43636,8040$57.97$4.26
Nov 2025Permian Resources4,1114,10235,38435,0880$60.06$3.79
Oct 2025Permian Resources4,1234,12935,14734,2620$60.89$3.19
Sep 2025Permian Resources3,8703,84133,66933,1900$63.96$2.97
Aug 2025Permian Resources3,8713,88433,90033,0830$64.86$2.91
Jul 2025Permian Resources4,2444,22134,84234,0860$68.39$3.20
Jun 2025Permian Resources1,8921,93015,45214,7400$68.17$3.02
May 2025Permian Resources5,6745,67051,27250,0880$62.17$3.12
Apr 2025Permian Resources5,6505,66552,08250,8790$63.54$3.42
Mar 2025Permian Resources5,8905,88355,15353,9590$68.24$4.12
Feb 2025Permian Resources5,4665,46850,85549,8340$71.53$4.19
Jan 2025Permian Resources6,3666,36056,43055,4800$75.74$4.13
Dec 2024Permian Resources6,4036,41752,02250,9010$70.12$3.01
Nov 2024Permian Resources6,1016,11652,40351,2680$69.95$2.12
Oct 2024Permian Resources6,8176,93362,13760,5100$71.99$2.20
Sep 2024Permian Resources6,3556,37560,45859,1430$70.24$2.28
Aug 2024Permian Resources6,4546,36970,43469,6850$76.68$1.99
Jul 2024Permian Resources6,5326,44369,15068,4390$81.80$2.07
Jun 2024Permian Resources6,2646,32467,10066,3290$79.77$2.54
May 2024Permian Resources6,6506,68273,98173,2720$80.02$2.12
Apr 2024Permian Resources6,8156,75571,91071,5170$85.35$1.60
Mar 2024Permian Resources7,0547,03473,41172,7740$81.28$1.49
Feb 2024Permian Resources6,7936,84969,24769,2260$77.25$1.72
Jan 2024Permian Resources7,7297,65777,77877,0490$74.15$3.18
Dec 2023Permian Resources7,7717,77577,00076,1020$71.90$2.52
Nov 2023Permian Resources7,2977,29075,72373,5311,338$77.69$2.71
Oct 2023Permian Resources7,9497,99383,93379,5363,460$85.64$2.98
Sep 2023Permian Resources7,7747,75681,75180,806141$89.43$2.64
Aug 2023Permian Resources8,4028,44578,90677,9640$81.39$2.58

Flared above 3%

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

OperatorPermian Resources Operating, LLCFieldPhantom (Wolfcamp)CountyWard County

Permian Resources Operating, LLC in Ward County

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Phantom (Wolfcamp) field

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