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Texas oil lease

Producing

LUDEMAN

Ludeman is an oil lease in Loving County, Texas, operated by Cog Operating LLC in the Phantom (Wolfcamp) field.

2 wells

28,967bbl oil, last 12 months−42% vs prior year
Operator
Cog Operating LLC
County
Loving County
Field
Phantom (Wolfcamp)
RRC lease
08-48467

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Where it sits

This county

Loving CountyLovingWinklerWardLoving County
Loving County
Gas, last 12 months
49,123 mcf
Oil in Jul 2026
2,258 bbl

Production by month

Oil output fell 42% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 42% over the last 12 monthsMonthly oil production and gas for LUDEMAN, Aug 2023 to Jul 2026. Oil output fell 42% over the last 12 months. 28,967 bbl in the 12 months through Jul 2026, against 50,288 bbl in the 12 months before.Last 12 months: 28,967 bblbbl per monthmcf per month002,0002,5004,0005,0006,0007,5008,00010k10k12.5kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 42% over the last 12 monthsMonthly oil production and gas for LUDEMAN, Aug 2023 to Jul 2026. Oil output fell 42% over the last 12 months. 28,967 bbl in the 12 months through Jul 2026, against 50,288 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002,0002,5004,0005,0006,0007,5008,00010k10k12.5kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

Since May 2026 the lease's gas goes to lease fuel instead of a processing plant

  • Processing plant (3)
  • Lease fuel (1)
  • Flared (4)
Since May 2026 the lease's gas goes to lease fuel instead of a processing plantShare of LUDEMAN gas by disposition code each month, Aug 2023 to Jul 2026. Since May 2026 the lease's gas goes to lease fuel instead of a processing plant.Share of the lease’s gas by disposition code, per month0%50%100%May 2026: plant to fuelOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since May 2026 the lease's gas goes to lease fuel instead of a processing plantShare of LUDEMAN gas by disposition code each month, Aug 2023 to Jul 2026. Since May 2026 the lease's gas goes to lease fuel instead of a processing plant.Share of gas by disposition code0%50%100%May 26: plant to fuelJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    70% · 34,246 mcf

  • Lease fuel (1)

    30% · 14,728 mcf

  • Flared (4)

    0.3% · 149 mcf

0.3% of the gas flared in the last 12 months. No month above 3%.

2 wells on this lease

Wells on LUDEMAN
API numberWell no.Status
42-301-328931302HActive
42-301-331581303HActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Oryx Delaware Oil Transport LLCOilGathers50Mar 1, 2024–
Plains Marketing, L.p.OilGathers50Mar 1, 2024–
Targa Delaware LLCCasinghead gasBuys100Jan 22, 2020–
Targa Delaware LLCCasinghead gasGathers100Jan 22, 2020–
Oryx Delaware Oil Transport LLCOilGathers100Jan 22, 2020Mar 1, 2024
Targa Delaware LLCCasinghead gasGathers100Mar 1, 2017Jan 22, 2020
Targa Delaware LLCCasinghead gasBuys100Mar 1, 2017Jan 22, 2020
Targa Delaware LLCOilGathers50Mar 1, 2017Jan 22, 2020
Western Refining Company, L.p.OilGathers50Mar 1, 2017Jan 22, 2020

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

Who buys my oilOil price check

480 acres on the newest permit

The wells on this lease state different acreage

The permits state between 480 and 960 acres.

Permits for Ludeman
API numberWell no.Acreson the permit
42-301-331581303H480
42-301-328931302H960

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

Unit decimal checker

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 LUDEMAN
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20262,2582,07096100$80.46$2.89
Jun 20261,8042,11893000$84.81$3.15
May 20262,1292,06496100$102.13$2.94
Apr 20262,3312,1264,8793,64442$100.32$2.77
Mar 20262,0881,7873,0941,9283$91.38$3.04
Feb 20261,8641,6603,8162,6984$64.51$3.62
Jan 20261,7041,9244,9343,4562$60.04$7.72
Dec 20251,5971,6314,6913,2570$57.97$4.26
Nov 20252,0402,2573,6932,27596$60.06$3.79
Oct 20253,1003,2516,1484,6610$60.89$3.19
Sep 20253,9514,3267,1645,9380$63.96$2.97
Aug 20254,1013,5507,8526,3892$64.86$2.91
Jul 20254,6594,82611,4869,7290$68.39$3.20
Jun 20254,5064,79810,5759,1180$68.17$3.02
May 20254,8924,4539,6038,0300$62.17$3.12
Apr 20254,3294,28810,8508,8800$63.54$3.42
Mar 20253,7963,5859,6357,8902$68.24$4.12
Feb 20254,0143,8818,8567,40812$71.53$4.19
Jan 20254,4064,7896,6995,46134$75.74$4.13
Dec 20244,3463,7797,9216,3679$70.12$3.01
Nov 20242,7122,6295,8934,3370$69.95$2.12
Oct 20243,2933,5317,7805,9631$71.99$2.20
Sep 20244,8634,6594,9013,86463$70.24$2.28
Aug 20244,4724,9387,2916,3061$76.68$1.99
Jul 20244,6445,0747,7946,65848$81.80$2.07
Jun 20245,0135,0746,0244,99515$79.77$2.54
May 20244,5313,511000$80.02$2.12
Apr 20243,7693,8346,9655,54094$85.35$1.60
Mar 20245,6725,77311,91610,2870$81.28$1.49
Feb 20245,9845,3617,4676,3124$77.25$1.72
Jan 20242,9443,6775,6224,6490$74.15$3.18
Dec 20232,8242,6544,6263,5900$71.90$2.52
Nov 20234,4784,1139,4408,0875$77.69$2.71
Oct 20234,1774,2545,7004,69614$85.64$2.98
Sep 20233,6433,7677,7366,56812$89.43$2.64
Aug 20234,3434,28711,81510,5794$81.39$2.58

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

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Nearby

This lease belongs to

OperatorCog Operating LLCFieldPhantom (Wolfcamp)CountyLoving County

Cog Operating LLC in Loving County

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