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Texas oil lease

Producing

WHEAT 1-59 LOV

Wheat 1-59 Lov is an oil lease in Loving County, Texas, operated by Pdeh LLC in the Phantom (Wolfcamp) field.

3 wells

8,734bbl oil, last 12 months−69% vs prior year
Operator
Pdeh LLC
County
Loving County
Field
Phantom (Wolfcamp)
RRC lease
08-44148

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Where it sits

This county

Loving CountyLovingWinklerWardLoving County
Loving County
Gas, last 12 months
16,344 mcf
Oil in Jul 2026
1,216 bbl

Production by month

Oil output fell 69% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 69% over the last 12 monthsMonthly oil production and gas for WHEAT 1-59 LOV, Aug 2023 to Jul 2026. Oil output fell 69% over the last 12 months. 8,734 bbl in the 12 months through Jul 2026, against 28,340 bbl in the 12 months before.Last 12 months: 8,734 bblbbl per monthmcf per month001,0002,0002,0004,0003,0006,0004,0008,0005,00010kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 69% over the last 12 monthsMonthly oil production and gas for WHEAT 1-59 LOV, Aug 2023 to Jul 2026. Oil output fell 69% over the last 12 months. 8,734 bbl in the 12 months through Jul 2026, against 28,340 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month001,0002,0002,0004,0003,0006,0004,0008,0005,00010kJan 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

Flaring peaked at 7.6% of the gas in Aug 2023.

  • Processing plant (3)
  • Lease fuel (1)
  • Flared (4)
Over 99% of the gas went to a processing plant in the last 12 monthsShare of WHEAT 1-59 LOV 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. Flaring peaked at 7.6% of the gas in Aug 2023.Share of the lease’s gas by disposition code, per month0%50%100%Flared 7.6%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Over 99% of the gas went to a processing plant in the last 12 monthsShare of WHEAT 1-59 LOV 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. Flaring peaked at 7.6% of the gas in Aug 2023.Share of gas by disposition code0%50%100%Flared 7.6%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    100% · 31,146 mcf

  • Flared (4)

    0.3% · 109 mcf

  • Lease fuel (1)

    0.0% · 12 mcf

0.3% of the gas flared in the last 12 months. One month above 3%.

Who has run this lease

The operator changed once, most recently in Sep 2021

Operators of this lease over timeShell Western E&P, Jan 2020 to Aug 2021; Pdeh LLC, Sep 2021 to Jul 20262020202120222023202420252026Changed Sep 2021Shell Western E&PJan 2020 to Aug 2021Pdeh LLCSep 2021 to now
Operators of this lease over timeShell Western E&P, Jan 2020 to Aug 2021; Pdeh LLC, Sep 2021 to Jul 20262020202120222023202420252026Changed Sep 2021Shell Western E&PJan 2020 to Aug 2021Pdeh LLCSep 2021 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

3 wells on this lease

Wells on WHEAT 1-59 LOV
API numberWell no.Status
42-301-317151HShut-in
42-301-323352HSShut-in
42-301-323363HSActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Plains Marketing, L.p.OilGathers100May 1, 2023–
Shell Energy North Am. (Us), LPCasinghead gasBuys100May 17, 2013–
Delaware Basin Midstream LLCCasinghead gasGathers100May 1, 2023–
Delaware Basin Jv Gathering LLCCasinghead gasGathers100May 17, 2013May 1, 2023
Shell Trading (Us) CompanyOilGathers50Mar 31, 2015May 1, 2023
Shell Western E&POilGathers50Mar 31, 2015May 1, 2023

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

Who buys my oilOil price check

326.22 acres on the newest permit

  • Good to know

    The wells on this lease state different acreage

    The permits state between 326.22 and 640 acres. Use the acres from your own division order for the well you are paid on.

Check your decimal on this lease
Permits for Wheat 1-59 Lov
API numberWell no.Acreson the permit
42-301-323352HS326.22
42-301-323363HS326.22
42-301-317151H640

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

Unit decimal checker

Estimate your royalty

36 months, newest first

Ledger for WHEAT 1-59 LOV
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Pdeh LLC1,2161,2311,5041,47623$80.46$2.89
Jun 2026Pdeh LLC1,8731,8502,4152,37437$84.81$3.15
May 2026Pdeh LLC1,2931,2892,3592,33820$102.13$2.94
Apr 2026Pdeh LLC1,0931,1012,4152,4069$100.32$2.77
Mar 2026Pdeh LLC9829811,7081,7008$91.38$3.04
Feb 2026Pdeh LLC6886631,4231,4194$64.51$3.62
Jan 2026Pdeh LLC05000$60.04$7.72
Dec 2025Pdeh LLC575243430$57.97$4.26
Nov 2025Pdeh LLC00000$60.06$3.79
Oct 2025Pdeh LLC010000$60.89$3.19
Sep 2025Pdeh LLC3493789739712$63.96$2.97
Aug 2025Pdeh LLC1,1831,1803,5043,5022$64.86$2.91
Jul 2025Pdeh LLC1,4911,5603,7893,7890$68.39$3.20
Jun 2025Pdeh LLC2,0672,0225,2335,2302$68.17$3.02
May 2025Pdeh LLC3,3923,3765,9015,8982$62.17$3.12
Apr 2025Pdeh LLC2,9022,9295,5695,5653$63.54$3.42
Mar 2025Pdeh LLC3,0243,0035,7685,7652$68.24$4.12
Feb 2025Pdeh LLC2,3292,5334,5334,5302$71.53$4.19
Jan 2025Pdeh LLC2,7682,7955,3235,3157$75.74$4.13
Dec 2024Pdeh LLC2,5612,5415,2375,22511$70.12$3.01
Nov 2024Pdeh LLC1,8721,8555,2355,22113$69.95$2.12
Oct 2024Pdeh LLC1,8511,8495,5305,5209$71.99$2.20
Sep 2024Pdeh LLC1,5321,5384,6074,6052$70.24$2.28
Aug 2024Pdeh LLC2,5512,4705,3925,3901$76.68$1.99
Jul 2024Pdeh LLC2,7832,7755,2175,2142$81.80$2.07
Jun 2024Pdeh LLC2,2032,2023,6683,6652$79.77$2.54
May 2024Pdeh LLC1,7701,8231,8011,7982$80.02$2.12
Apr 2024Pdeh LLC2,4492,2923,1583,13225$85.35$1.60
Mar 2024Pdeh LLC3,2633,2575,5185,49021$81.28$1.49
Feb 2024Pdeh LLC2,8622,8505,4745,45511$77.25$1.72
Jan 2024Pdeh LLC3,5363,5865,9945,96420$74.15$3.18
Dec 2023Pdeh LLC4,3284,2638,2018,17615$71.90$2.52
Nov 2023Pdeh LLC3,3663,3908,8098,78318$77.69$2.71
Oct 2023Pdeh LLC3,3683,4916,6976,67019$85.64$2.98
Sep 2023Pdeh LLC3,4883,1577,6437,61915$89.43$2.64
Aug 2023Pdeh LLC84287055350842$81.39$2.58

Flared above 3%

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 I #4543H

    new drill · horizontal · Pdeh LLC · Loving County · 8.5 km

    Permit 0918849 · Sep 25, 2026

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    Permit 0918846 · Sep 25, 2026

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    new drill · horizontal · Pdeh LLC · Loving County · 8.8 km

    Permit 0918836 · Sep 24, 2026

  • WHITE OAK 53-2 J #4544H

    new drill · horizontal · Pdeh LLC · Loving County · 8.5 km

    Permit 0918844 · Sep 24, 2026

  • WHITE OAK 53-2 H #4542H

    new drill · horizontal · Pdeh LLC · Loving County · 8.8 km

    Permit 0918838 · Sep 24, 2026