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Producing

WELCH-COX W39M

Welch-Cox W39m is an oil lease in Martin County, Texas, operated by Pioneer Natural Res. USA, Inc. in the Spraberry (Trend Area) field.

1 well

36,031bbl oil, last 12 months−28% vs prior year
Operator
Pioneer Natural Res. USA, Inc.
County
Martin County
Field
Spraberry (Trend Area)
RRC lease
08-58499

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Where it sits

This county

Martin CountyMartinGainesAndrewsHowardDawsonBordenMartin County
Martin County
Gas, last 12 months
234,215 mcf
Oil in Jul 2026
2,302 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 28% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 28% over the last 12 monthsMonthly oil production and gas for WELCH-COX W39M, Aug 2023 to Jul 2026. Oil output fell 28% over the last 12 months. 36,031 bbl in the 12 months through Jul 2026, against 50,000 bbl in the 12 months before.Last 12 months: 36,031 bblbbl per monthmcf per month005,00010k10k20k15k30k20k40kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 28% over the last 12 monthsMonthly oil production and gas for WELCH-COX W39M, Aug 2023 to Jul 2026. Oil output fell 28% over the last 12 months. 36,031 bbl in the 12 months through Jul 2026, against 50,000 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month005,00010k10k20k15k30k20k40kJan 24JulJan 25JulJan 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

Flaring peaked at 8.2% of the gas in Jan 2024.

  • Processing plant (3)
  • Lease fuel (1)
  • Flared (4)
Over 99% of the gas went to a processing plant in the last 12 monthsShare of WELCH-COX W39M gas by disposition code each month, Aug 2023 to Jul 2026. Over 99% of the gas went to a processing plant in the last 12 months. Flaring peaked at 8.2% of the gas in Jan 2024.Share of the lease’s gas by disposition code, per month0%50%100%Flared 8.2%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Over 99% of the gas went to a processing plant in the last 12 monthsShare of WELCH-COX W39M gas by disposition code each month, Aug 2023 to Jul 2026. Over 99% of the gas went to a processing plant in the last 12 months. Flaring peaked at 8.2% of the gas in Jan 2024.Share of gas by disposition code0%50%100%Flared 8.2%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    100% · 233,184 mcf

  • Lease fuel (1)

    0.3% · 763 mcf

  • Flared (4)

    0.1% · 268 mcf

0.1% of the gas flared in the last 12 months. 5 months above 3%.

1 well on this lease

Wells on WELCH-COX W39M
API numberWell no.Status
42-317-43544213HActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Energy Trans Crude Marketing LLCOilGathers100Aug 25, 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 gasGathers100Aug 25, 2022Dec 1, 2024
Wtg North Permian Midstream LLCCasinghead gasBuys100Aug 25, 2022Dec 1, 2024

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

Who buys my oilOil price check

906.60 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 W39m
API numberWell no.Acreson the permit
42-317-43544213H906.60

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 W39M
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20262,3022,29314,78514,65574$80.46$2.89
Jun 20261,9151,91412,20412,1661$84.81$3.15
May 20262,6312,63615,48215,39733$102.13$2.94
Apr 20263,2153,22220,19020,1240$100.32$2.77
Mar 20263,4233,42519,98219,9005$91.38$3.04
Feb 20263,6693,66220,31720,24512$64.51$3.62
Jan 20263,2973,29421,03720,95511$60.04$7.72
Dec 20253,7083,70620,57220,5051$57.97$4.26
Nov 20253,0943,09318,18618,11113$60.06$3.79
Oct 20252,9332,93014,97714,809117$60.89$3.19
Sep 20252,5172,52025,10825,0350$63.96$2.97
Aug 20253,3273,34531,37531,2821$64.86$2.91
Jul 20254,5084,54629,09327,4661,550$68.39$3.20
Jun 20254,7014,65425,24625,13450$68.17$3.02
May 20254,4544,44920,03619,97612$62.17$3.12
Apr 20253,1323,13511,11811,05831$63.54$3.42
Mar 20253,3383,33610,63710,6072$68.24$4.12
Feb 20253,2103,2099,6549,61612$71.53$4.19
Jan 20253,7193,7238,7028,6738$75.74$4.13
Dec 20244,0714,0598,2938,2713$70.12$3.01
Nov 20241,8051,8174,4944,43646$69.95$2.12
Oct 20244,4924,49612,67212,6359$71.99$2.20
Sep 20246,1626,16618,55514,9421,165$70.24$2.28
Aug 20246,4086,39419,06115,830196$76.68$1.99
Jul 20245,4605,46015,16712,6732$81.80$2.07
Jun 20245,6955,70614,35512,313681$79.77$2.54
May 20247,5507,54822,03119,74820$80.02$2.12
Apr 20249,4599,46323,48522,31218$85.35$1.60
Mar 202411,36011,34422,59222,1480$81.28$1.49
Feb 20242,9812,9915,7634,7989$77.25$1.72
Jan 20245,0235,04814,6249,8401,192$74.15$3.18
Dec 202311,24111,23728,46122,78025$71.90$2.52
Nov 202311,45211,47326,04320,1380$77.69$2.71
Oct 202311,04811,03922,71717,33977$85.64$2.98
Sep 202313,65113,67328,58225,4840$89.43$2.64
Aug 202317,58617,56932,48629,2842,546$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

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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