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Texas oil lease

Producing

WHEAT TRUST 1-73 LOV UNIT 2

Wheat Trust 1-73 Lov Unit 2 is an oil lease in Loving County, Texas, operated by Pdeh LLC in the Phantom (Wolfcamp) field.

2 wells

11,720bbl oil, last 12 months−14% vs prior year
Operator
Pdeh LLC
County
Loving County
Field
Phantom (Wolfcamp)
RRC lease
08-45546

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Where it sits

This county

Loving CountyLovingWinklerWardLoving County
Loving County
Gas, last 12 months
30,226 mcf
Oil in Jul 2026
661 bbl

Production by month

Oil output fell 14% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 14% over the last 12 monthsMonthly oil production and gas for WHEAT TRUST 1-73 LOV UNIT 2, Aug 2023 to Jul 2026. Oil output fell 14% over the last 12 months. 11,720 bbl in the 12 months through Jul 2026, against 13,588 bbl in the 12 months before.Last 12 months: 11,720 bblbbl per monthmcf per month005001,0001,0002,0001,5003,0002,0004,0002,5005,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 14% over the last 12 monthsMonthly oil production and gas for WHEAT TRUST 1-73 LOV UNIT 2, Aug 2023 to Jul 2026. Oil output fell 14% over the last 12 months. 11,720 bbl in the 12 months through Jul 2026, against 13,588 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month005001,0001,0002,0001,5003,0002,0004,0002,5005,000Jan 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 33.3% 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 TRUST 1-73 LOV UNIT 2 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 33.3% of the gas in Aug 2023.Share of the lease’s gas by disposition code, per month0%50%100%Flared 33.3%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Over 99% of the gas went to a processing plant in the last 12 monthsShare of WHEAT TRUST 1-73 LOV UNIT 2 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 33.3% of the gas in Aug 2023.Share of gas by disposition code0%50%100%Flared 33.3%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    100% · 30,100 mcf

  • Flared (4)

    0.4% · 117 mcf

  • Lease fuel (1)

    0.0% · 9 mcf

0.4% 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.

2 wells on this lease

Wells on WHEAT TRUST 1-73 LOV UNIT 2
API numberWell no.Status
42-301-320161HShut-in
42-301-323773HActive

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 30, 2014–
Delaware Basin Midstream LLCCasinghead gasGathers100May 1, 2023–
Delaware Basin Jv Gathering LLCCasinghead gasGathers100May 30, 2014May 1, 2023
Bkep Crude, L.l.c.OilGathers100May 30, 2014May 1, 2023

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

Who buys my oilOil price check

309.09 acres on the newest permit

  • Good to know

    A pooling certificate (P-12) was filed

    Your tract may share its production with neighbors in a pooled unit. The unit acres the operator uses to divide production can differ from the acreage on one permit.

  • Good to know

    The wells on this lease state different acreage

    The permits state between 309.09 and 325.09 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 Wheat Trust 1-73 Lov Unit 2
API numberWell no.Acreson the permit
42-301-323773H309.09
42-301-320161H325.09

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

Unit decimal checker

Estimate your royalty

36 months, newest first

Ledger for WHEAT TRUST 1-73 LOV UNIT 2
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Pdeh LLC6616831,7141,69813$80.46$2.89
Jun 2026Pdeh LLC1,6021,5863,6283,59232$84.81$3.15
May 2026Pdeh LLC1,3171,3143,6653,64420$102.13$2.94
Apr 2026Pdeh LLC1,2271,2353,3383,32711$100.32$2.77
Mar 2026Pdeh LLC1,0291,0312,7872,7798$91.38$3.04
Feb 2026Pdeh LLC8198152,0992,0954$64.51$3.62
Jan 2026Pdeh LLC1,0211,0832,5022,49111$60.04$7.72
Dec 2025Pdeh LLC1,1091,0282,9362,9287$57.97$4.26
Nov 2025Pdeh LLC2602616226211$60.06$3.79
Oct 2025Pdeh LLC4734951,0251,0232$60.89$3.19
Sep 2025Pdeh LLC1,0061,0162,7702,7646$63.96$2.97
Aug 2025Pdeh LLC1,1961,1933,1403,1382$64.86$2.91
Jul 2025Pdeh LLC1,5111,5333,2043,2040$68.39$3.20
Jun 2025Pdeh LLC1,1411,1152,8332,8321$68.17$3.02
May 2025Pdeh LLC1,8121,8063,2263,2251$62.17$3.12
Apr 2025Pdeh LLC1,7211,7343,1203,1182$63.54$3.42
Mar 2025Pdeh LLC1,6781,6703,1763,1751$68.24$4.12
Feb 2025Pdeh LLC1,4731,4762,9782,9771$71.53$4.19
Jan 2025Pdeh LLC1,6801,7083,3823,3784$75.74$4.13
Dec 2024Pdeh LLC1,9231,8793,7803,7728$70.12$3.01
Nov 2024Pdeh LLC5545361,6401,6364$69.95$2.12
Oct 2024Pdeh LLC01000$71.99$2.20
Sep 2024Pdeh LLC4343110$70.24$2.28
Aug 2024Pdeh LLC526526260$76.68$1.99
Jul 2024Pdeh LLC8288312,3832,3821$81.80$2.07
Jun 2024Pdeh LLC9589562,5912,5901$79.77$2.54
May 2024Pdeh LLC5976231,5111,5101$80.02$2.12
Apr 2024Pdeh LLC9059012,1852,1769$85.35$1.60
Mar 2024Pdeh LLC1,1731,1742,6752,6658$81.28$1.49
Feb 2024Pdeh LLC1,0981,0822,4762,4694$77.25$1.72
Jan 2024Pdeh LLC9981,0092,0252,0166$74.15$3.18
Dec 2023Pdeh LLC1,0501,0422,4242,4184$71.90$2.52
Nov 2023Pdeh LLC1,0571,0892,5742,5656$77.69$2.71
Oct 2023Pdeh LLC1,3291,2784,8904,8798$85.64$2.98
Sep 2023Pdeh LLC46414844840$89.43$2.64
Aug 2023Pdeh LLC1935321$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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Drilling permits within 10 km

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