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Texas oil lease

Producing

WELCH-COX W39H

Welch-Cox W39h is an oil lease in Martin County, Texas, operated by Pioneer Natural Res. USA, Inc. in the Spraberry (Trend Area) field.

1 well

25,165bbl oil, last 12 months−34% vs prior year
Operator
Pioneer Natural Res. USA, Inc.
County
Martin County
Field
Spraberry (Trend Area)
RRC lease
08-58584

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Where it sits

This county

Martin CountyMartinGainesAndrewsHowardDawsonBordenMartin County
Martin County
Gas, last 12 months
178,006 mcf
Oil in Jul 2026
1,471 bbl

Checks stopped on this lease?

  • Buyer

    Buyer changed: ET GATHERING & PROCESSING LLC replaced ETC NORTH PERMIAN MIDSTREAM LLC as the buyer of this lease's gas from oil wells on Mar 1, 2026.

SourceRailroad Commission production, P-5 and P-4 records, data through Jul 2026.

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Production by month

Oil output fell 34% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 34% over the last 12 monthsMonthly oil production and gas for WELCH-COX W39H, Aug 2023 to Jul 2026. Oil output fell 34% over the last 12 months. 25,165 bbl in the 12 months through Jul 2026, against 38,183 bbl in the 12 months before.Last 12 months: 25,165 bblbbl per monthmcf per month002,50010k5,00020k7,50030k10k40k12.5k50kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 34% over the last 12 monthsMonthly oil production and gas for WELCH-COX W39H, Aug 2023 to Jul 2026. Oil output fell 34% over the last 12 months. 25,165 bbl in the 12 months through Jul 2026, against 38,183 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002,50010k5,00020k7,50030k10k40k12.5k50kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

94% of the gas went to a processing plant in the last 12 months

Flaring peaked at 3.1% of the gas in Jan 2024.

  • Processing plant (3)
  • Lease fuel (1)
  • Flared (4)
94% of the gas went to a processing plant in the last 12 monthsShare of WELCH-COX W39H gas by disposition code each month, Aug 2023 to Jul 2026. 94% of the gas went to a processing plant in the last 12 months. Flaring peaked at 3.1% of the gas in Jan 2024.Share of the lease’s gas by disposition code, per month0%50%100%Flared 3.1%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
94% of the gas went to a processing plant in the last 12 monthsShare of WELCH-COX W39H gas by disposition code each month, Aug 2023 to Jul 2026. 94% of the gas went to a processing plant in the last 12 months. Flaring peaked at 3.1% of the gas in Jan 2024.Share of gas by disposition code0%50%100%Flared 3.1%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    94% · 166,726 mcf

  • Lease fuel (1)

    6.2% · 10,960 mcf

  • Flared (4)

    0.2% · 320 mcf

0.2% of the gas flared in the last 12 months. One month above 3%.

1 well on this lease

Wells on WELCH-COX W39H
API numberWell no.Status
42-317-43563208HActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Energy Trans Crude Marketing LLCOilGathers100Sep 17, 2022–
Et Gathering & Processing LLCCasinghead gasBuys100Mar 1, 2026–
Energy Transfer CompanyCasinghead gasGathers100Dec 1, 2024–
Etc North Permian Midstream LLCCasinghead gasBuys100Dec 1, 2024Mar 1, 2026
Wtg North Permian Midstream LLCCasinghead gasGathers100Sep 17, 2022Dec 1, 2024
Wtg North Permian Midstream LLCCasinghead gasBuys100Sep 17, 2022Dec 1, 2024

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

Who buys my oilOil price check

906.80 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 Welch-Cox W39h
API numberWell no.Acreson the permit
42-317-43563208H906.80

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

Unit decimal checker

Estimate your royalty

36 months, newest first

Ledger for WELCH-COX W39H
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20261,4711,47612,56611,75741$80.46$2.89
Jun 20261,6731,67812,32511,6037$84.81$3.15
May 20261,7751,77612,24211,358105$102.13$2.94
Apr 20261,8241,82311,97211,21719$100.32$2.77
Mar 20261,8391,83913,52912,6230$91.38$3.04
Feb 20261,9111,90813,88412,9944$64.51$3.62
Jan 20261,8371,83813,73812,74332$60.04$7.72
Dec 20251,9721,97316,13315,03614$57.97$4.26
Nov 20252,0732,07816,71715,63662$60.06$3.79
Oct 20252,5912,57619,76418,56636$60.89$3.19
Sep 20252,7632,77518,36817,3350$63.96$2.97
Aug 20253,4363,43816,76815,8580$64.86$2.91
Jul 20252,7762,77814,29513,194307$68.39$3.20
Jun 20252,6212,62013,82713,02148$68.17$3.02
May 20253,2213,22915,69614,78624$62.17$3.12
Apr 20253,3403,33516,32915,50413$63.54$3.42
Mar 20252,9582,95216,52015,490212$68.24$4.12
Feb 20255,0415,03425,46024,30810$71.53$4.19
Jan 20253,0153,00917,71516,9013$75.74$4.13
Dec 20242,0622,07312,32511,528216$70.12$3.01
Nov 20242,0412,03314,76114,0224$69.95$2.12
Oct 20242,4642,47018,45717,487116$71.99$2.20
Sep 20243,0053,01217,80316,814418$70.24$2.28
Aug 20245,6395,64026,52425,70010$76.68$1.99
Jul 20246,6466,64329,07128,1540$81.80$2.07
Jun 20246,6366,64427,43926,4934$79.77$2.54
May 20247,3827,38231,42230,3884$80.02$2.12
Apr 20248,0868,07931,13030,11719$85.35$1.60
Mar 20249,9819,99139,87738,6952$81.28$1.49
Feb 20249,9289,92532,37831,262107$77.25$1.72
Jan 20246,9466,9318,7428,206272$74.15$3.18
Dec 20236,3766,3777,5337,27632$71.90$2.52
Nov 20233,5043,5011,7561,7120$77.69$2.71
Oct 20233,6593,69210,3279,9604$85.64$2.98
Sep 20239,0139,00638,43437,02388$89.43$2.64
Aug 202311,98812,01642,69340,270951$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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This lease belongs to

OperatorPioneer Natural Res. USA, Inc.FieldSpraberry (Trend Area)CountyMartin County

Pioneer Natural Res. USA, Inc. in Martin County

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Spraberry (Trend Area) field

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