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Texas oil lease

Producing

MUSTANG 28-21 UNIT

Mustang 28-21 Unit is an oil lease in Loving County, Texas, operated by Anadarko E&P Onshore LLC in the Phantom (Wolfcamp) field.

3 wells

69,396bbl oil, last 12 months−40% vs prior year
RRC lease
08-49267

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Where it sits

This county

Loving CountyLovingWinklerWardLoving County
Loving County
Gas, last 12 months
64,832 mcf
Oil in Jul 2026
6,099 bbl

Production by month

Oil output fell 40% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 40% over the last 12 monthsMonthly oil production and gas for MUSTANG 28-21 UNIT, Aug 2023 to Jul 2026. Oil output fell 40% over the last 12 months. 69,396 bbl in the 12 months through Jul 2026, against 115,566 bbl in the 12 months before.Last 12 months: 69,396 bblbbl per monthmcf per month002,5005,0005,00010k7,50015k10k20k12.5k25kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 40% over the last 12 monthsMonthly oil production and gas for MUSTANG 28-21 UNIT, Aug 2023 to Jul 2026. Oil output fell 40% over the last 12 months. 69,396 bbl in the 12 months through Jul 2026, against 115,566 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002,5005,0005,00010k7,50015k10k20k12.5k25kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

Over 99% of the gas went to a processing plant in the last 12 months

  • Processing plant (3)
  • Lease fuel (1)
Over 99% of the gas went to a processing plant in the last 12 monthsShare of MUSTANG 28-21 UNIT gas by disposition code each month, Aug 2023 to Jul 2026. Over 99% 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
Over 99% of the gas went to a processing plant in the last 12 monthsShare of MUSTANG 28-21 UNIT gas by disposition code each month, Aug 2023 to Jul 2026. Over 99% 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.

  • Processing plant (3)

    100% · 64,774 mcf

  • Lease fuel (1)

    0.1% · 58 mcf

3 wells on this lease

Wells on MUSTANG 28-21 UNIT
API numberWell no.Status
42-301-330691HActive
42-301-337902HActive
42-301-337913HActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Dbm Oil Services LLCOilGathers50Jul 1, 2023–
Anadarko E&P Onshore LLCOilGathers25Aug 1, 2020–
Indeca Crude Xpress, LLCOilGathers25Feb 1, 2022–
Anadarko Energy Services CompanyCasinghead gasBuys100Aug 19, 2017–
Delaware Basin Midstream LLCCasinghead gasGathers100Jul 1, 2023–
Delaware Basin Jv Gathering LLCCasinghead gasGathers100Aug 19, 2017Jul 1, 2023
Dbm Oil Services, LLCOilGathers50Feb 1, 2022Jul 1, 2023
Dbm Oil Services, LLCOilGathers25Aug 1, 2020Feb 1, 2022
Pilot Travel Centers LLCOilGathers50Aug 1, 2020Feb 1, 2022
Anadarko E&P Onshore LLCOilGathers33.33Mar 1, 2020Aug 1, 2020
Bp Products North America Inc.OilGathers33.33Mar 1, 2020Aug 1, 2020

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

320 acres on the newest permit

  • Good to know

    The wells on this lease state different acreage

    The permits state between 320 and 640.35 acres. Use the acres from your own division order for the well you are paid on.

  • Worth asking

    A Rule 37 case is listed

    The RRC permit records list a Rule 37 case. This does not establish your royalty share. Ask for the permit and unit plat for your well.

Check your decimal on this lease
Permits for Mustang 28-21 Unit
API numberWell no.Acreson the permit
42-301-337902H320
42-301-337913H320
42-301-330691H640.35

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

What Occidental Petroleum Corporation told investors it received

Anadarko E&P Onshore LLC is linked to Occidental Petroleum Corporation (OXY).
Realized prices reported by Occidental Petroleum Corporation
QuarterOil$ per bblFiling
Q2 2026$96.78SEC filing
Q1 2026$69.91SEC filing
Q4 2025$58.99SEC filing
Q3 2025$64.78SEC filing
Q2 2025$63.76SEC filing
Q1 2025$71.07SEC filing

SourceOccidental Petroleum Corporation quarterly reports, SEC EDGAR, company-wide averages before hedging.

Estimate your royalty

36 months, newest first

Ledger for MUSTANG 28-21 UNIT
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20266,0995,9887,1767,1710$80.46$2.89
Jun 20263,1393,0761,7661,7640$84.81$3.15
May 20262,6332,8611,4881,4850$102.13$2.94
Apr 20266,2186,5195,6215,6150$100.32$2.77
Mar 20266,0715,5675,9355,9290$91.38$3.04
Feb 20265,5575,6526,5646,5590$64.51$3.62
Jan 20263,4103,2673,2763,2730$60.04$7.72
Dec 20255,0975,2187,2677,2620$57.97$4.26
Nov 20257,1977,5167,7937,7870$60.06$3.79
Oct 20258,1837,8576,9596,9530$60.89$3.19
Sep 20257,6617,3144,8214,8150$63.96$2.97
Aug 20258,1318,6696,1666,1610$64.86$2.91
Jul 20259,7109,3898,8648,8580$68.39$3.20
Jun 20259,5549,5519,7649,7580$68.17$3.02
May 20259,0639,2029,3269,3200$62.17$3.12
Apr 20257,4207,3329,2759,2690$63.54$3.42
Mar 20259,3429,30010,88710,8810$68.24$4.12
Feb 20258,8929,34910,89310,8880$71.53$4.19
Jan 20259,6719,48111,75011,7440$75.74$4.13
Dec 202410,93110,66315,32415,3180$70.12$3.01
Nov 20249,9909,94514,07814,0720$69.95$2.12
Oct 202410,52610,72413,10213,0960$71.99$2.20
Sep 20249,8129,46111,70411,6980$70.24$2.28
Aug 202410,65510,82213,23913,2330$76.68$1.99
Jul 20249,7029,80914,41314,4070$81.80$2.07
Jun 20249,2849,07124,23624,2300$79.77$2.54
May 20249,9529,83524,62024,6140$80.02$2.12
Apr 20249,6959,92720,84220,8360$85.35$1.60
Mar 20249,96910,11916,38616,3800$81.28$1.49
Feb 20249,9129,65217,78117,7750$77.25$1.72
Jan 202410,23210,25019,96619,9600$74.15$3.18
Dec 202310,52210,32116,63316,6270$71.90$2.52
Nov 20239,2259,21414,63114,6260$77.69$2.71
Oct 202310,17010,14017,89217,8860$85.64$2.98
Sep 20239,5009,54916,83816,8320$89.43$2.64
Aug 202312,21412,50321,05521,0490$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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