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STEELHEAD 54-2 UNIT

Steelhead 54-2 Unit is an oil lease in Loving County, Texas, operated by Pdeh LLC in the Phantom (Wolfcamp) field.

7 wells

572,160bbl oil, last 12 months−49% vs prior year
Operator
Pdeh LLC
County
Loving County
Field
Phantom (Wolfcamp)
RRC lease
08-62568

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Where it sits

This county

Loving CountyLovingWinklerWardLoving County
Loving County
Gas, last 12 months
1,741,818 mcf
Oil in Jul 2026
41,812 bbl

Production by month

Oil output fell 49% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 49% over the last 12 monthsMonthly oil production and gas for STEELHEAD 54-2 UNIT, Apr 2024 to Jul 2026. Oil output fell 49% over the last 12 months. 572,160 bbl in the 12 months through Jul 2026, against 1,110,997 bbl in the 12 months before.Last 12 months: 572,160 bblbbl per monthmcf per month0050k100k100k200k150k300k200k400k250k500kApr 24JulOctJan 25AprJulOctJan 26AprJul
Oil output fell 49% over the last 12 monthsMonthly oil production and gas for STEELHEAD 54-2 UNIT, Apr 2024 to Jul 2026. Oil output fell 49% over the last 12 months. 572,160 bbl in the 12 months through Jul 2026, against 1,110,997 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month0050k100k100k200k150k300k200k400k250k500kJul 24Jan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

98% of the gas went to a processing plant in the last 12 months

  • Processing plant (3)
  • Lease fuel (1)
  • Flared (4)
98% of the gas went to a processing plant in the last 12 monthsShare of STEELHEAD 54-2 UNIT gas by disposition code each month, Apr 2024 to Jul 2026. 98% 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%Apr 24JulOctJan 25AprJulOctJan 26AprJul
98% of the gas went to a processing plant in the last 12 monthsShare of STEELHEAD 54-2 UNIT gas by disposition code each month, Apr 2024 to Jul 2026. 98% of the gas went to a processing plant in the last 12 months.Share of gas by disposition code0%50%100%Jul 24Jan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    98% · 1,714,021 mcf

  • Lease fuel (1)

    1.3% · 21,888 mcf

  • Flared (4)

    0.3% · 5,909 mcf

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

7 wells on this lease

Wells on STEELHEAD 54-2 UNIT
API numberWell no.Status
42-301-364552301HActive
42-301-364562302HActive
42-301-364572303HActive
42-301-364582310HActive
42-301-364592311HActive
42-301-364602312HActive
42-301-373032371HActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%From
Conocophillips CompanyOilGathers100Apr 26, 2024
Delaware Basin Midstream LLCCasinghead gasBuys100Apr 26, 2024
Delaware Basin Midstream LLCCasinghead gasGathers100Apr 26, 2024

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

Who buys my oilOil price check

1,301.95 acres on the newest permit

  • Good to know

    7 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.

Check your decimal on this lease
Permits for Steelhead 54-2 Unit
API numberWell no.Acreson the permit
42-301-373032371H1,301.95
42-301-364572303H1,301.95
42-301-364582310H1,301.95
42-301-364592311H1,301.95
42-301-364602312H1,301.95
42-301-364552301H1,301.95
42-301-364562302H1,301.95

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

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28 months, newest first

Ledger for STEELHEAD 54-2 UNIT
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 202641,81241,825156,895155,234535$80.46$2.89
Jun 202637,05837,180116,405114,744462$84.81$3.15
May 202653,42353,653178,454176,431625$102.13$2.94
Apr 202648,18648,549203,247201,084452$100.32$2.77
Mar 202655,84655,960161,971159,422666$91.38$3.04
Feb 202645,89745,486119,674117,596375$64.51$3.62
Jan 202634,58335,38490,65888,957426$60.04$7.72
Dec 202550,96151,606130,719128,547506$57.97$4.26
Nov 202563,50263,286181,898178,356537$60.06$3.79
Oct 202555,71355,009154,613151,355496$60.89$3.19
Sep 202540,61140,716115,923113,495391$63.96$2.97
Aug 202544,56845,544131,361128,800438$64.86$2.91
Jul 202562,82962,481194,490191,341644$68.39$3.20
Jun 202563,79664,249194,079191,846455$68.17$3.02
May 202569,94769,548204,432201,697612$62.17$3.12
Apr 202572,86173,123211,189208,486696$63.54$3.42
Mar 202573,19373,625213,523210,482617$68.24$4.12
Feb 202574,71175,645219,565216,537542$71.53$4.19
Jan 202595,96695,138283,213279,179758$75.74$4.13
Dec 202495,80996,198281,911279,357693$70.12$3.01
Nov 2024103,226104,439310,818307,675763$69.95$2.12
Oct 2024136,400136,357405,354401,3591,197$71.99$2.20
Sep 2024121,606121,244362,675359,493833$70.24$2.28
Aug 2024140,653140,766409,173405,3321,109$76.68$1.99
Jul 2024138,720138,690396,710392,6401,459$81.80$2.07
Jun 2024126,133125,783355,920352,1851,352$79.77$2.54
May 2024104,12199,867286,736283,434799$80.02$2.12
Apr 20248,0437,65513,10312,79053$85.35$1.60

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

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Nearby

This lease belongs to

OperatorPdeh LLCFieldPhantom (Wolfcamp)CountyLoving County

Pdeh LLC in Loving County

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Phantom (Wolfcamp) field

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Leases within 10 km

Drilling permits within 10 km

  • WHITE OAK 53-2 E #4553H

    new drill · horizontal · Pdeh LLC · Loving County · 9.3 km

    Permit 0918846 · Sep 25, 2026

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    Permit 0918849 · Sep 25, 2026

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    Permit 0918838 · Sep 24, 2026

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    Permit 0918844 · Sep 24, 2026

  • WHITE OAK 53-2 G #4541H

    new drill · horizontal · Pdeh LLC · Loving County · 8.9 km

    Permit 0918836 · Sep 24, 2026