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Texas oil lease

Producing

HUGHES-TALBOT '27'

Hughes-Talbot '27' is an oil lease in Loving County, Texas, operated by Cog Operating LLC in the Two Georges (Bone Spring) field.

1 well

1,372bbl oil, last 12 months+58% vs prior year
RRC lease
08-42931

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Where it sits

This county

Loving CountyLovingWinklerWardLoving County
Loving County
Gas, last 12 months
381 mcf
Oil in Jul 2026
110 bbl

Production by month

Oil output rose 58% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output rose 58% over the last 12 monthsMonthly oil production and gas for HUGHES-TALBOT '27', Aug 2023 to Jul 2026. Oil output rose 58% over the last 12 months. 1,372 bbl in the 12 months through Jul 2026, against 867 bbl in the 12 months before.Last 12 months: 1,372 bblbbl per monthmcf per month00200200400400600600800800Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output rose 58% over the last 12 monthsMonthly oil production and gas for HUGHES-TALBOT '27', Aug 2023 to Jul 2026. Oil output rose 58% over the last 12 months. 1,372 bbl in the 12 months through Jul 2026, against 867 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month00200200400400600600800800Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

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

All of the gas went to a processing plant in the last 12 monthsShare of HUGHES-TALBOT '27' gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to a processing plant in the last 12 months.Share of the lease’s gas by disposition code, per month0%50%100%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
All of the gas went to a processing plant in the last 12 monthsShare of HUGHES-TALBOT '27' gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to a processing plant in the last 12 months.Share of gas by disposition code0%50%100%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

1 well on this lease

Wells on HUGHES-TALBOT '27'
API numberWell no.Status
42-301-316632Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Enterprise Crude Oil LLCOilGathers100May 1, 2020–
Targa Delaware LLCCasinghead gasBuys100May 1, 2020–
Targa Delaware LLCCasinghead gasGathers100May 1, 2020–
Western Refining Company, L.p.OilGathers100Apr 1, 2016May 1, 2020

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

640 acres on the newest permit

Permits for Hughes-Talbot '27'
API numberWell no.Acreson the permit
42-301-316632640

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

What ConocoPhillips told investors it received

Cog Operating LLC is linked to ConocoPhillips (COP).
Realized prices reported by ConocoPhillips
QuarterOil$ per bblFiling
Q2 2026$99.40SEC filing
Q1 2026$73.47SEC filing
Q3 2025$66.13SEC filing
Q2 2025$64.23SEC filing
Q1 2025$71.65SEC filing
Q3 2024$76.77SEC filing

SourceConocoPhillips quarterly reports, SEC EDGAR, company-wide averages before hedging.

Estimate your royalty

36 months, newest first

Ledger for HUGHES-TALBOT '27'
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 202611036633330$80.46$2.89
Jun 2026132030300$84.81$3.15
May 202644151386860$102.13$2.94
Apr 20264818010100$100.32$2.77
Mar 202692016160$91.38$3.04
Feb 2026790000$64.51$3.62
Jan 202670170770$60.04$7.72
Dec 2025108026260$57.97$4.26
Nov 202526171880$60.06$3.79
Oct 202589046460$60.89$3.19
Sep 20258317756560$63.96$2.97
Aug 202594063630$64.86$2.91
Jul 20258917873730$68.39$3.20
Jun 202592051510$68.17$3.02
May 202528043430$62.17$3.12
Apr 20255917940400$63.54$3.42
Mar 202589052520$68.24$4.12
Feb 202586038380$71.53$4.19
Jan 20259033147470$75.74$4.13
Dec 2024108051510$70.12$3.01
Nov 20245617579790$69.95$2.12
Oct 202413301291290$71.99$2.20
Sep 20243026260$70.24$2.28
Aug 20243401291290$76.68$1.99
Jul 202413601931930$81.80$2.07
Jun 202422203013010$79.77$2.54
May 2024196349000$80.02$2.12
Apr 20242333503633630$85.35$1.60
Mar 20242593454294290$81.28$1.49
Feb 20242821764634630$77.25$1.72
Jan 20243843315745740$74.15$3.18
Dec 20235405517897890$71.90$2.52
Nov 20234273615645640$77.69$2.71
Oct 20233915465155150$85.64$2.98
Sep 20234813627307300$89.43$2.64
Aug 20234401481480$81.39$2.58

SourceTexas Railroad Commission Production Data Query, through Jul 2026. Prices: EIA, through Aug 2026. Updated Oct 2, 2026.

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