Texas oil lease

Shut in

NEXUS 23

Name: NEXUS 23 monthly oil and gas production, Loving County, Texas
Creator: Texas Railroad Commission

Nexus 23 is an oil lease in Loving County, Texas, operated by M2 Squared Operating, LLC in the Wheat field.

12 wells

0bbl oil, last 12 months

Operator: M2 Squared Operating, LLC
County: Loving County
Field: Wheat
RRC lease: 08-07993

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Where it sits

This county

Loving County

Oil in Jul 2026: 0 bbl
Reporting since: Jan 2020

Checks stopped on this lease?

Sales
No sales reported for the last 12 months of state data (through Jul 2026).

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

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Production by month

No production to chart

The state shows zero oil and zero gas for all 36 months we hold (Aug 2023 to Jul 2026). A lease that is shut in or newly reported looks like this. The ledger below lists each month.

Where the gas went

No gas disposition reported for this lease

The operator has not reported where the gas went in the months we hold.

Who has run this lease

The operator changed once, most recently in Jun 2020

M2 Squared Operating, LLC Jun 2020 to now
Schlachter Operating Corporation Jan 2020 to May 2020

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

12 wells on this lease

Wells on NEXUS 23
API number	Well no.	Status
42-301-00137	5B	Shut-in
42-301-00921	2	Shut-in
42-301-00923	5	Shut-in
42-301-00924	6	Shut-in
42-301-00925	7	Shut-in
42-301-00927	9	Active
42-301-00928	10	Shut-in
42-301-00929	12W	Shut-in
42-301-00989	4B	Shut-in
42-301-01036	1	Shut-in
42-301-01065	13	Active
42-301-10325	15W	Shut-in

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
Company	Product	Role	Share%	From	Until
Bml, Inc. B	Oil	Gathers	34	Nov 1, 2020	–
Ace Gathering, Inc.	Oil	Gathers	33	Nov 1, 2020	–
Energy Transfer Marketing & Term	Oil	Gathers	33	Dec 1, 2022	–
Sunoco Ptnrs. Mktg.&terminals LP	Oil	Gathers	33	Nov 1, 2020	Dec 1, 2022
Sunoco Ptnrs. Mktg.&terminals LP	Oil	Gathers	100	Jun 19, 2020	Nov 1, 2020
Ace Gathering, Inc.	Oil	Gathers	30	Apr 1, 2020	Jun 19, 2020
Sunoco Ptnrs. Mktg.&terminals LP	Oil	Gathers	30	Apr 1, 2020	Jun 19, 2020
Transoil Marketing, LLC	Oil	Gathers	40	Apr 1, 2020	Jun 19, 2020
Dcp Operating Company, LP	Casinghead gas	Gathers	100	Apr 1, 2017	Apr 1, 2020

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

Who buys my oil Oil price check

440 acres on the newest permit

Good to know
18 wells are listed on this lease
Each well can have its own unit. The decimal for one well does not have to equal the decimal for another.

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Permits for Nexus 23
API number	Well no.	Permit issued	Completed	Acreson the permit	Type
42-301-00927	9	Apr 3, 2003	Jan 12, 1984	440	Vertical
42-301-01065	13	Oct 28, 2002	Feb 14, 1952	440	Vertical
42-301-00137	5B	–	Jan 12, 1984	–	–
42-301-00921	2	–	Oct 28, 1966	–	–
42-301-00922	4	–	–	–	–
42-301-00923	5	–	Jan 12, 1984	–	–
42-301-00924	6	–	Jan 12, 1984	–	–
42-301-00925	7	–	Jan 12, 1984	–	–
42-301-00926	8	–	–	–	–
42-301-00928	10	–	Jan 12, 1984	–	–
42-301-00929	12	–	–	–	–
42-301-00929	12W	–	Dec 5, 1989	–	–

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

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36 months, newest first

Ledger for NEXUS 23
Month	Operator	WTI$/bbl	Henry Hub$/MMBtu
Jul 2026M2 Squared	M2 Squared Operating, LLC	$80.46	$2.89
Jun 2026M2 Squared	M2 Squared Operating, LLC	$84.81	$3.15
May 2026M2 Squared	M2 Squared Operating, LLC	$102.13	$2.94
Apr 2026M2 Squared	M2 Squared Operating, LLC	$100.32	$2.77
Mar 2026M2 Squared	M2 Squared Operating, LLC	$91.38	$3.04
Feb 2026M2 Squared	M2 Squared Operating, LLC	$64.51	$3.62
Jan 2026M2 Squared	M2 Squared Operating, LLC	$60.04	$7.72
Dec 2025M2 Squared	M2 Squared Operating, LLC	$57.97	$4.26
Nov 2025M2 Squared	M2 Squared Operating, LLC	$60.06	$3.79
Oct 2025M2 Squared	M2 Squared Operating, LLC	$60.89	$3.19
Sep 2025M2 Squared	M2 Squared Operating, LLC	$63.96	$2.97
Aug 2025M2 Squared	M2 Squared Operating, LLC	$64.86	$2.91
Jul 2025M2 Squared	M2 Squared Operating, LLC	$68.39	$3.20
Jun 2025M2 Squared	M2 Squared Operating, LLC	$68.17	$3.02
May 2025M2 Squared	M2 Squared Operating, LLC	$62.17	$3.12
Apr 2025M2 Squared	M2 Squared Operating, LLC	$63.54	$3.42
Mar 2025M2 Squared	M2 Squared Operating, LLC	$68.24	$4.12
Feb 2025M2 Squared	M2 Squared Operating, LLC	$71.53	$4.19
Jan 2025M2 Squared	M2 Squared Operating, LLC	$75.74	$4.13
Dec 2024M2 Squared	M2 Squared Operating, LLC	$70.12	$3.01
Nov 2024M2 Squared	M2 Squared Operating, LLC	$69.95	$2.12
Oct 2024M2 Squared	M2 Squared Operating, LLC	$71.99	$2.20
Sep 2024M2 Squared	M2 Squared Operating, LLC	$70.24	$2.28
Aug 2024M2 Squared	M2 Squared Operating, LLC	$76.68	$1.99
Jul 2024M2 Squared	M2 Squared Operating, LLC	$81.80	$2.07
Jun 2024M2 Squared	M2 Squared Operating, LLC	$79.77	$2.54
May 2024M2 Squared	M2 Squared Operating, LLC	$80.02	$2.12
Apr 2024M2 Squared	M2 Squared Operating, LLC	$85.35	$1.60
Mar 2024M2 Squared	M2 Squared Operating, LLC	$81.28	$1.49
Feb 2024M2 Squared	M2 Squared Operating, LLC	$77.25	$1.72
Jan 2024M2 Squared	M2 Squared Operating, LLC	$74.15	$3.18
Dec 2023M2 Squared	M2 Squared Operating, LLC	$71.90	$2.52
Nov 2023M2 Squared	M2 Squared Operating, LLC	$77.69	$2.71
Oct 2023M2 Squared	M2 Squared Operating, LLC	$85.64	$2.98
Sep 2023M2 Squared	M2 Squared Operating, LLC	$89.43	$2.64
Aug 2023M2 Squared	M2 Squared Operating, LLC	$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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