JEAN 38
JEAN 38 is a Texas gas lease in Reeves County, Railroad Commission district 08, operated by PDC Permian, Inc. It has 1 wellbore on file with the Commission. Reported production runs from January 2018 to August 2026, totalling 2,819,072 thousand cubic feet. The lease is currently producing. Fitting a decline curve to that history and pricing the remaining production at today's forward curve values the whole lease — a 100% undivided interest — at about $4.3M, with roughly $824K expected over the next twelve months. An individual royalty owner receives their own decimal interest times that figure. Over the last twelve months on file it averaged 15,999 thousand cubic feet a month. Its strongest month on the record we hold was May 2018, at 107,344 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 18% of what they went on to produce, and that measured error is the range shown on the page rather than a confidence of our own devising.
Key facts about JEAN 38
- Who operates JEAN 38?
- JEAN 38 is operated by PDC Permian, Inc., Railroad Commission of Texas operator number 646832.
- Where is JEAN 38?
- JEAN 38 is a Texas gas lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 284758.
- Is JEAN 38 still producing?
- JEAN 38 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for JEAN 38 is August 2026.
- How much has JEAN 38 produced?
- JEAN 38 has reported 2,819,072 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 2018 and August 2026, from 1 wellbore.
- How much is JEAN 38 worth?
- The remaining production from JEAN 38 is estimated to be worth about $4.3M in total as of 27 August 2026, within a range of $3.6M to $5.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in JEAN 38 is a fraction of it. The estimate fits an Arps decline curve to the production JEAN 38 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for JEAN 38 is an estimate of value, not an offer and not an appraisal.
- How much income does JEAN 38 generate in a year?
- JEAN 38 is forecast to net about $824K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in JEAN 38 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | PDC Permian, Inc. |
|---|---|
| Field | Phantom (Wolfcamp) |
| County | Reeves County, Texas |
| RRC district | 08 |
| Lease number | 284758 |
| Wellbores | 1 |
| Reported production | 2,819,072 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $4.3M |
Where JEAN 38 sits
Source: Railroad Commission of Texas lease production records, complete through . Figures on this page were computed on .
Production figures are as reported to the Railroad Commission of Texas. The value shown is an estimate produced by fitting a decline curve to that reported history; it is not an offer or an appraisal. How this estimate is calculated.