McCullough 35-38

Oil & Gas Property in Reeves County, TX

  2. Texas
  3. Reeves County, TX
  4. Oil & Gas Properties in Reeves County, TX
  5. McCullough 35-38 Oil & Gas Property

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Property Summary

Key data points for McCullough 35-38

CountyReeves County, TX
OperatorPERMIAN RESOURCES OPERATING, LLC
Production DatesMay 2018 - Jun 2026
Total Oil Production1,916,573 BBLs
Total Gas Production3,435,109 MCF
Recent Oil Production4,120 BBLs in May 2026
Recent Gas Production7,422 MCF in May 2026
Wells on Property4

Our Valuation Estimates for McCullough 35-38

ShaleAssessment™

$179,064 *

MarketMultiple™

$567,110 **

* Assessment based on future expected revenue
** Based on a 36 month multiple of average monthly estimated revenue

Based on a decimal interest

McCullough 35-38 Production Graph

Aggregated production of all wells and leases associated with this property
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to oil and gas production for McCullough 35-38
from May 2018 to Jun 2026

Wells on McCullough 35-38

API #Well NameOperatorStatusCountyEst. Daily Oil Prod.Est. Daily Gas Prod.Est. Daily Water Prod.LatitudeLongitude
42-389-36323MCCULLOUGH 35-38-1S 13SHPermian Resources Operating, LLCProducingReeves County, TX31.230390-103.398918
42-389-36329MCCULLOUGH 35-38-2S STATE 14SHPermian Resources Operating, LLCProducingReeves County, TX31.230390-103.398788
42-389-37996MCCULLOUGH 35-38-4S STATE 84HPermian Resources Operating, LLCProducingReeves County, TX31.230287-103.392938
42-389-37997MCCULLOUGH 35-38-3S STATE 15HPermian Resources Operating, LLCProducingReeves County, TX31.230287-103.393065

Leases included in McCullough 35-38

Lease #Lease NameOperatorCountyMonthly Oil Prod.Monthly Gas Prod.
08-50705MCCULLOUGH 35-38-1SPermian Resources Operating, LLCReeves County, TX
08-50709MCCULLOUGH 35-38-2S STATEPermian Resources Operating, LLCReeves County, TX
08-52317MCCULLOUGH 35-38-3S STATEPermian Resources Operating, LLCReeves County, TX
08-52739MCCULLOUGH 35-38-4S STATEPermian Resources Operating, LLCReeves County, TX

Nearby Properties

These are the closest 20 properties to the McCullough 35-38 property.

Property NameLocationOil Prod.Gas Prod.Prod. Period
Allen 39Reeves County, TX1,235 BBLs2,322 MCFJun 2026
Alyx State 22Reeves County, TX423 BBLs1,259 MCFJun 2026
Astro State 51-7-22-15Reeves County, TX20,916 BBLs82,131 MCFJun 2026
Bear Claw State 29-28 UnitReeves County, TX7,712 BBLs33,552 MCFJun 2026
Carter 26Reeves County, TX435 BBLs409 MCFJun 2026
Chevron Minerals 37Reeves County, TX231 BBLs400 MCFJun 2026
CooperReeves County, TX535 BBLs0 MCFJun 2026
Cooper 27-2Reeves County, TX11,960 BBLs37,818 MCFJun 2026
Hightower StateReeves County, TX27,173 BBLs57,926 MCFJun 2026
HouserReeves County, TX14,543 BBLs34,401 MCFJun 2026
J. W. McCulloughReeves County, TX703 BBLs707 MCFJun 2026
Janey 24-25 West State UnitReeves County, TX6,111 BBLs36,873 MCFJun 2026
Janey State 24Reeves County, TX3,908 BBLs11,939 MCFJun 2026
LydaReeves County, TX3,896 BBLs13,175 MCFJun 2026
Orbit 51-7-21-16Reeves County, TX27,062 BBLs132,161 MCFJun 2026
OrpheumReeves County, TX3,610 BBLs12,943 MCFJun 2026
Rialto 23Reeves County, TX324 BBLs0 MCFJun 2026
Walker State 28Reeves County, TX468 BBLs192 MCFJun 2026
Weinert State 34Reeves County, TX9,171 BBLs29,991 MCFJun 2026
Yow State 38Reeves County, TX930 BBLs890 MCFJun 2026

Companies in the Area

These are the closest 20 companies operating near the McCullough 35-38 property.

Company Name
Apache Corporation
Bluestone Natural Res. II, LLC
Browning Oil Company, Inc.
Centennial Resource Prod, LLC
Chevron USA Inc
Crescent Energy Operating, LLC
Exl Petroleum, LP
Greenlake Energy Operating, LLC
McDonnold Operating, Inc.
Noble Energy Inc
Oxy USA Inc
Oxy USA WTP LP
Par Minerals Corporation
Permian Resources Operating, LLC
Phillips Petroleum Company
Quicksilver Resources Inc
Rio Oil And Gas (Permian) II,LLC
Texaco E & P Inc.
Thompson, J. Cleo
U. S. Energy Development Corporation

Frac'ing activity on McCullough 35-38

API #Well NameStart DateEnd DateVertical DepthTotal Water Volume
42-389-36323MCCULLOUGH 35-38-1S STATE 13H
42-389-36329MCCULLOUGH 35-38-2S STATE 14H
42-389-37996MCCULLOUGH 35-38-4S STATE 84H
42-389-37997MCCULLOUGH 35-38-3S STATE 15H

Owners of McCullough 35-38

Royalty Ownership data is obtained from public records
YearOwnerProperty NameOperatorPercentageInterest TypeAppraisal ValueLegal Desciption
2026PERMIAN RESOURCES OPERATING LLCMCCULLOUGH 35-38-4S STATE 84PERMIAN RESOUR
2026PERMIAN RESOURCES OPERATING LLCMCCULLOUGH 35-38-2S STATE 14PERMIAN RESOUR
2026PERMIAN RESOURCES OPERATING LLCMCCULLOUGH 35-38-1S 13HPERMIAN RESOUR
2026PERMIAN RESOURCES OPERATING LLCMCCULLOUGH 35-38-3S STATE 15PERMIAN RESOUR
2026YOW REBECCA F & D FIELD JRMCCULLOUGH 35-38-2S STATE 14PERMIAN RESOUR
2026EXEMPT-STATE OF TEXASMCCULLOUGH 35-38-2S STATE 14PERMIAN RESOUR
2026YOW REBECCA F & D FIELD JRMCCULLOUGH 35-38-4S STATE 84PERMIAN RESOUR
2026EXEMPT-STATE OF TEXASMCCULLOUGH 35-38-4S STATE 84PERMIAN RESOUR
Displaying 8 of 141 Owners   --   Full Ownership Data Available for Subscribers Only

Oil & Gas Sales on McCullough 35-38

Lease #Lease NameReporting PeriodProductVolumeValueGross PricePurchaserProducer
Lease #Lease NameReporting PeriodProductOil VolumeOil ValueCalculated Oil PricePurchaserProducer
08-50705MCCULLOUGH 35-38-1SJun 2026PERMIAN RESOURCES OPERATING, LLC
08-50705MCCULLOUGH 35-38-1SJun 2026OCCIDENTAL ENERGY MARKETING, INC.PERMIAN RESOURCES OPERATING, LLC
08-50709MCCULLOUGH 35-38-2S STATEJun 2026PERMIAN RESOURCES OPERATING, LLC
08-50709MCCULLOUGH 35-38-2S STATEJun 2026OCCIDENTAL ENERGY MARKETING, INC.PERMIAN RESOURCES OPERATING, LLC
08-52317MCCULLOUGH 35-38-3S STATEJun 2026PERMIAN RESOURCES OPERATING, LLC
08-52317MCCULLOUGH 35-38-3S STATEJun 2026OCCIDENTAL ENERGY MARKETING, INC.PERMIAN RESOURCES OPERATING, LLC
08-52739MCCULLOUGH 35-38-4S STATEJun 2026PERMIAN RESOURCES OPERATING, LLC
08-52739MCCULLOUGH 35-38-4S STATEJun 2026OCCIDENTAL ENERGY MARKETING, INC.PERMIAN RESOURCES OPERATING, LLC
08-50705MCCULLOUGH 35-38-1SMay 2026PERMIAN RESOURCES OPERATING, LLC
08-50705MCCULLOUGH 35-38-1SMay 2026OCCIDENTAL ENERGY MARKETING, INC.PERMIAN RESOURCES OPERATING, LLC
08-50709MCCULLOUGH 35-38-2S STATEMay 2026PERMIAN RESOURCES OPERATING, LLC
08-50709MCCULLOUGH 35-38-2S STATEMay 2026OCCIDENTAL ENERGY MARKETING, INC.PERMIAN RESOURCES OPERATING, LLC
08-52317MCCULLOUGH 35-38-3S STATEMay 2026PERMIAN RESOURCES OPERATING, LLC
08-52317MCCULLOUGH 35-38-3S STATEMay 2026OCCIDENTAL ENERGY MARKETING, INC.PERMIAN RESOURCES OPERATING, LLC
08-52739MCCULLOUGH 35-38-4S STATEMay 2026PERMIAN RESOURCES OPERATING, LLC
08-52739MCCULLOUGH 35-38-4S STATEMay 2026OCCIDENTAL ENERGY MARKETING, INC.PERMIAN RESOURCES OPERATING, LLC
08-50705MCCULLOUGH 35-38-1SApr 2026PERMIAN RESOURCES OPERATING, LLC
08-50705MCCULLOUGH 35-38-1SApr 2026OCCIDENTAL ENERGY MARKETING, INC.PERMIAN RESOURCES OPERATING, LLC
08-50709MCCULLOUGH 35-38-2S STATEApr 2026PERMIAN RESOURCES OPERATING, LLC
08-50709MCCULLOUGH 35-38-2S STATEApr 2026OCCIDENTAL ENERGY MARKETING, INC.PERMIAN RESOURCES OPERATING, LLC
08-52317MCCULLOUGH 35-38-3S STATEApr 2026PERMIAN RESOURCES OPERATING, LLC
08-52317MCCULLOUGH 35-38-3S STATEApr 2026OCCIDENTAL ENERGY MARKETING, INC.PERMIAN RESOURCES OPERATING, LLC
08-52739MCCULLOUGH 35-38-4S STATEApr 2026PERMIAN RESOURCES OPERATING, LLC
08-52739MCCULLOUGH 35-38-4S STATEApr 2026OCCIDENTAL ENERGY MARKETING, INC.PERMIAN RESOURCES OPERATING, LLC
08-50705MCCULLOUGH 35-38-1SMar 2026PERMIAN RESOURCES OPERATING, LLC