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Texas oil lease

Producing

CROSS MOUNTAIN 40-28

Cross Mountain 40-28 is an oil lease in Loving County, Texas, operated by WPX Energy Permian, LLC in the Phantom (Wolfcamp) field.

1 well

11,835bbl oil, last 12 months+57% vs prior year
RRC lease
08-49824

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Where it sits

This county

Loving CountyLovingWinklerWardLoving County
Loving County
Gas, last 12 months
10,667 mcf
Oil in Jul 2026
921 bbl

Checks stopped on this lease?

  • Buyer

    Buyer changed: CARDINAL DELAWARE BASIN, LLC, DELAWARE BASIN MIDSTREAM LLC, ETC TEXAS P/L, LTD and 2 more replaced ET GATHERING & PROCESSING LLC as the buyer of this lease's gas from oil wells on Jul 21, 2025.

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

See why checks stop on this lease

Production by month

Oil output rose 57% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output rose 57% over the last 12 monthsMonthly oil production and gas for CROSS MOUNTAIN 40-28, Aug 2023 to Jul 2026. Oil output rose 57% over the last 12 months. 11,835 bbl in the 12 months through Jul 2026, against 7,560 bbl in the 12 months before.Last 12 months: 11,835 bblbbl per monthmcf per month005005001,0001,0001,5001,5002,0002,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output rose 57% over the last 12 monthsMonthly oil production and gas for CROSS MOUNTAIN 40-28, Aug 2023 to Jul 2026. Oil output rose 57% over the last 12 months. 11,835 bbl in the 12 months through Jul 2026, against 7,560 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month005005001,0001,0001,5001,5002,0002,000Jan 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 100.0% of the gas in Jul 2025.

  • Processing plant (3)
  • Lease fuel (1)
  • Flared (4)
94% of the gas went to a processing plant in the last 12 monthsShare of CROSS MOUNTAIN 40-28 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 100.0% of the gas in Jul 2025.Share of the lease’s gas by disposition code, per month0%50%100%Flared 100.0%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
94% of the gas went to a processing plant in the last 12 monthsShare of CROSS MOUNTAIN 40-28 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 100.0% of the gas in Jul 2025.Share of gas by disposition code0%50%100%Flared 100.0%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    94% · 9,996 mcf

  • Flared (4)

    6.3% · 671 mcf

6.3% of the gas flared in the last 12 months. 5 months above 3%.

Who has run this lease

The operator changed once, most recently in May 2020

Operators of this lease over timeFelix Energy Holdings II, LLC, Jan 2020 to Apr 2020; WPX Energy Permian, LLC, May 2020 to Jul 20262020202120222023202420252026Changed May 2020Felix Energy Holdings II, LLCJan 2020 to Apr 2020WPX Energy Permian, LLCMay 2020 to now
Operators of this lease over timeFelix Energy Holdings II, LLC, Jan 2020 to Apr 2020; WPX Energy Permian, LLC, May 2020 to Jul 20262020202120222023202420252026Changed May 2020Felix Energy Holdings II, LLCJan 2020 to Apr 2020WPX Energy Permian, LLCMay 2020 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

1 well on this lease

Wells on CROSS MOUNTAIN 40-28
API numberWell no.Status
42-301-331301HActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Stateline Crude, LLCOilGathers60Jul 21, 2025–
Concord Crude Oil Marketing LLCOilGathers10Jul 21, 2025–
Ngl Crude Assets and Mktg, LLCOilGathers10Jul 21, 2025–
Plains Pipeline L.p.OilGathers10Jul 21, 2025–
Enterprise Crude Oil LLCOilGathers5Jul 21, 2025–
Shell Trading (Us) CompanyOilGathers5Jul 21, 2025–
Stateline Processing, LLCCasinghead gasBuys80Jul 21, 2025–
Cardinal Delaware Basin, LLCCasinghead gasBuys5Jul 21, 2025–
Delaware Basin Midstream LLCCasinghead gasBuys5Jul 21, 2025–
Etc Texas P/L, LTDCasinghead gasBuys5Jul 21, 2025–
Markwest Energy W TX Gas Co, LLCCasinghead gasBuys5Jul 21, 2025–
Stateline Gathering, LLCCasinghead gasGathers100Jul 21, 2025–
Brazos Midstream Operating, LLCCasinghead gasGathers100Feb 1, 2020Jul 21, 2025
Et Gathering & Processing LLCCasinghead gasBuys100Oct 1, 2023Jul 21, 2025
Plains Marketing, L.p.OilGathers45Oct 1, 2023Jul 21, 2025
Plains Pipeline L.p.OilGathers45Oct 1, 2023Jul 21, 2025
Rocky Mountain Crude Oil LLCOilGathers10Oct 1, 2023Jul 21, 2025
Energy Transfer CompanyCasinghead gasBuys100Feb 1, 2019Oct 1, 2023

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

640.51 acres on the newest permit

Permits for Cross Mountain 40-28
API numberWell no.Acreson the permit
42-301-331301H640.51

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

What Devon Energy Corporation told investors it received

WPX Energy Permian, LLC is linked to Devon Energy Corporation (DVN).
Realized prices reported by Devon Energy Corporation
QuarterOil$ per bblFiling
Q2 2026$95.10SEC filing
Q1 2026$69.66SEC filing
Q4 2025$57.19SEC filing
Q3 2025$63.21SEC filing
Q2 2025$61.70SEC filing
Q1 2025$69.13SEC filing

SourceDevon Energy Corporation quarterly reports, SEC EDGAR, company-wide averages before hedging.

Estimate your royalty

36 months, newest first

Ledger for CROSS MOUNTAIN 40-28
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026WPX Energy9211,11780077921$80.46$2.89
Jun 2026WPX Energy5245533463406$84.81$3.15
May 2026WPX Energy1,8541,8401,1361,1279$102.13$2.94
Apr 2026WPX Energy1,7561,6591,1231,014109$100.32$2.77
Mar 2026WPX Energy1,4981,271665552113$91.38$3.04
Feb 2026WPX Energy2023742852850$64.51$3.62
Jan 2026WPX Energy4823765255250$60.04$7.72
Dec 2025WPX Energy7789249259250$57.97$4.26
Nov 2025WPX Energy87573173570332$60.06$3.79
Oct 2025WPX Energy6757588088044$60.89$3.19
Sep 2025WPX Energy9981,0971,4741,4695$63.96$2.97
Aug 2025WPX Energy1,2721,1151,8451,473372$64.86$2.91
Jul 2025WPX Energy35819986086$68.39$3.20
Jun 2025WPX Energy00000$68.17$3.02
May 2025WPX Energy6625250$62.17$3.12
Apr 2025WPX Energy919248480$63.54$3.42
Mar 2025WPX Energy9147761,0941,0940$68.24$4.12
Feb 2025WPX Energy8019659759750$71.53$4.19
Jan 2025WPX Energy9407691,0391,0390$75.74$4.13
Dec 2024WPX Energy1,0251,1511,1641,1640$70.12$3.01
Nov 2024WPX Energy9609321,1221,1220$69.95$2.12
Oct 2024WPX Energy1,0931,1114514510$71.99$2.20
Sep 2024WPX Energy6765628717370$70.24$2.28
Aug 2024WPX Energy7787241,2329640$76.68$1.99
Jul 2024WPX Energy8539221,2901,0130$81.80$2.07
Jun 2024WPX Energy8088011,1038600$79.77$2.54
May 2024WPX Energy6569281,1238660$80.02$2.12
Apr 2024WPX Energy8245561,1308680$85.35$1.60
Mar 2024WPX Energy6777591,0067433$81.28$1.49
Feb 2024WPX Energy6847619997660$77.25$1.72
Jan 2024WPX Energy7885521,1438750$74.15$3.18
Dec 2023WPX Energy8599301,2609871$71.90$2.52
Nov 2023WPX Energy8489401,1599000$77.69$2.71
Oct 2023WPX Energy8877621,3201,0500$85.64$2.98
Sep 2023WPX Energy4865541,2159750$89.43$2.64
Aug 2023WPX Energy6679141,4061,1550$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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