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Texas oil lease

Producing

LOVETT, H. E.

Lovett, H. E. is an oil lease in Winkler County, Texas, operated by Basin Oil & Gas Operating, LLC in the Keystone (Consolidated) field.

5 wells

31,520bbl oil, last 12 months+142% vs prior year
Operator
Basin Oil & Gas Operating, LLC
County
Winkler County
Field
Keystone (Consolidated)
RRC lease
08-47126

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Where it sits

This county

Winkler CountyWinklerAndrewsWardLovingEctorWinkler County
Winkler County
Gas, last 12 months
86,358 mcf
Oil in Jul 2026
6,295 bbl

Production by month

Oil output rose 142% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output rose 142% over the last 12 monthsMonthly oil production and gas for LOVETT, H. E., Aug 2023 to Jul 2026. Oil output rose 142% over the last 12 months. 31,520 bbl in the 12 months through Jul 2026, against 13,037 bbl in the 12 months before.Last 12 months: 31,520 bblbbl per monthmcf per month002,0005,0004,00010k6,00015k8,00020k10k25kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output rose 142% over the last 12 monthsMonthly oil production and gas for LOVETT, H. E., Aug 2023 to Jul 2026. Oil output rose 142% over the last 12 months. 31,520 bbl in the 12 months through Jul 2026, against 13,037 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002,0005,0004,00010k6,00015k8,00020k10k25kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

72% of the gas went to flaring in the last 12 months

Flaring peaked at 100.0% of the gas in May 2026.

  • Processing plant (3)
  • Flared (4)
72% of the gas went to flaring in the last 12 monthsShare of LOVETT, H. E. gas by disposition code each month, Aug 2023 to Jul 2026. 72% of the gas went to flaring in the last 12 months. Flaring peaked at 100.0% of the gas in May 2026.Share of the lease’s gas by disposition code, per month0%50%100%Flared 100.0%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
72% of the gas went to flaring in the last 12 monthsShare of LOVETT, H. E. gas by disposition code each month, Aug 2023 to Jul 2026. 72% of the gas went to flaring in the last 12 months. Flaring peaked at 100.0% of the gas in May 2026.Share of gas by disposition code0%50%100%Flared 100.0%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Flared (4)

    72% · 62,192 mcf

  • Processing plant (3)

    28% · 24,166 mcf

72.0% of the gas flared in the last 12 months. 9 months above 3%.

Who has run this lease

The operator changed 2 times, most recently in Apr 2022

Operators of this lease over timeMeco IV, LLC, Jan 2020 to Jun 2021; Meco IV Holdco, LLC, Jul 2021 to Mar 2022; Basin Oil & Gas Operating, LLC, Apr 2022 to Jul 20262020202120222023202420252026Changed Jul 2021Changed Apr 2022Meco IV, LLCJan 2020 to Jun 2021Meco IV Holdco, LLCJul 2021 to Mar 2022Basin Oil & Gas Operating, LLCApr 2022 to now
Operators of this lease over timeMeco IV, LLC, Jan 2020 to Jun 2021; Meco IV Holdco, LLC, Jul 2021 to Mar 2022; Basin Oil & Gas Operating, LLC, Apr 2022 to Jul 20262020202120222023202420252026Changed Jul 2021Changed Apr 2022Meco IV, LLCJan 2020 to Jun 2021Meco IV Holdco, LLCJul 2021 to Mar 2022Basin Oil & Gas Operating, LLCApr 2022 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

5 wells on this lease

Wells on LOVETT, H. E.
API numberWell no.Status
42-495-051684 CActive
42-495-109806CShut-in
42-495-310717CShut-in
42-495-327838Active
42-495-351591417Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Energy Trans Crude Marketing LLCOilGathers50Nov 1, 2021–
Gibson Energy Marketing, LLCOilGathers50Nov 1, 2021–
Et Gathering & Processing LLCCasinghead gasBuys100Oct 1, 2023–
Energy Transfer CompanyCasinghead gasGathers100Sep 1, 2015–
Energy Transfer CompanyCasinghead gasBuys100Sep 1, 2015Oct 1, 2023
Gibson Energy Marketing, LLCOilGathers100Jul 2, 2021Nov 1, 2021
Enterprise Crude Oil LLCOilGathers50Aug 1, 2019Jul 2, 2021
Gibson Energy Marketing, LLCOilGathers50Aug 1, 2019Jul 2, 2021
Shell Trading (Us) CompanyOilGathers100Sep 1, 2015Aug 1, 2019

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

Who buys my oilOil price check

240 acres on the newest permit

Permits for Lovett, H. E.
API numberWell no.Acreson the permit
42-495-351591417240
42-495-3330011240
42-495-327838240
42-495-310717C240
42-495-109806C240
42-495-051684 C–

SourceRailroad Commission drilling permits, Sep 26, 2026 (source 1, source 2).

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36 months, newest first

Ledger for LOVETT, H. E.
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Basin Oil6,2956,22123,832023,832$80.46$2.89
Jun 2026Basin Oil3,9984,11215,082015,082$84.81$3.15
May 2026Basin Oil4,7174,36416,514016,514$102.13$2.94
Apr 2026Basin Oil1,3341,4267,4421,5805,862$100.32$2.77
Mar 2026Basin Oil1,8141,8062,7032,7030$91.38$3.04
Feb 2026Basin Oil2,2182,2852,1332,1330$64.51$3.62
Jan 2026Basin Oil2,4332,4432,0611,757304$60.04$7.72
Dec 2025Basin Oil1,9931,8021,5071,5070$57.97$4.26
Nov 2025Basin Oil1,4391,4932,4402,4400$60.06$3.79
Oct 2025Basin Oil2,1182,1272,9662,9660$60.89$3.19
Sep 2025Basin Oil1,9321,9124,7424,7420$63.96$2.97
Aug 2025Basin Oil1,2291,1734,9364,338598$64.86$2.91
Jul 2025Basin Oil1,4851,4686,5796,5790$68.39$3.20
Jun 2025Basin Oil2,2882,4877,9697,9690$68.17$3.02
May 2025Basin Oil3,4073,4657,9817,9810$62.17$3.12
Apr 2025Basin Oil3,0402,3903,8633,478385$63.54$3.42
Mar 2025Basin Oil182183688181507$68.24$4.12
Feb 2025Basin Oil19920552120501$71.53$4.19
Jan 2025Basin Oil26026888285725$75.74$4.13
Dec 2024Basin Oil4014004264260$70.12$3.01
Nov 2024Basin Oil5005308328320$69.95$2.12
Oct 2024Basin Oil4935408738730$71.99$2.20
Sep 2024Basin Oil5415408058050$70.24$2.28
Aug 2024Basin Oil2411716226220$76.68$1.99
Jul 2024Basin Oil2642512982980$81.80$2.07
Jun 2024Basin Oil2823076006000$79.77$2.54
May 2024Basin Oil3002871,2531,2530$80.02$2.12
Apr 2024Basin Oil2862789639630$85.35$1.60
Mar 2024Basin Oil2532181,2411,2410$81.28$1.49
Feb 2024Basin Oil2442781,0071,0070$77.25$1.72
Jan 2024Basin Oil3333289839830$74.15$3.18
Dec 2023Basin Oil2662668378370$71.90$2.52
Nov 2023Basin Oil2412111,0141,0140$77.69$2.71
Oct 2023Basin Oil2373938188180$85.64$2.98
Sep 2023Basin Oil44541745450$89.43$2.64
Aug 2023Basin Oil3523284284280$81.39$2.58

Flared above 3%

SourceTexas Railroad Commission Production Data Query, through Jul 2026. Prices: EIA, through Aug 2026. Updated Sep 28, 2026.

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This lease belongs to

OperatorBasin Oil & Gas Operating, LLCFieldKeystone (Consolidated)CountyWinkler County

Basin Oil & Gas Operating, LLC in Winkler County

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