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Texas oil lease

Producing

POWDER KEG D

Powder Keg D is an oil lease in Loving County, Texas, operated by Cog Operating LLC in the Phantom (Wolfcamp) field.

1 well

239,299bbl oil, last 12 months
Operator
Cog Operating LLC
County
Loving County
Field
Phantom (Wolfcamp)
RRC lease
08-64082

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Where it sits

This county

Loving CountyLovingWinklerWardLoving County
Loving County
Gas, last 12 months
376,950 mcf
Oil in Jul 2026
14,893 bbl

Production by month

Oil output fell 38% since May 2025

  • Oil (bars)
  • Gas (line)
Oil output fell 38% since May 2025Monthly oil production and gas for POWDER KEG D, May 2025 to Jul 2026. Oil output fell 38% since May 2025. Monthly average of 18,672 bbl in the latest 3 months, against 30,304 bbl in the first 3.bbl per monthmcf per month0010k20k20k40k30k60k40k80kJul 25OctJan 26AprJul
Oil output fell 38% since May 2025Monthly oil production and gas for POWDER KEG D, May 2025 to Jul 2026. Oil output fell 38% since May 2025. Monthly average of 18,672 bbl in the latest 3 months, against 30,304 bbl in the first 3.bbl per monthmcf per month0010k20k20k40k30k60k40k80kJul 25Jan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

97% of the gas went to a processing plant in the last 12 months

Flaring peaked at 8.9% of the gas in Apr 2026.

  • Processing plant (3)
  • Flared (4)
97% of the gas went to a processing plant in the last 12 monthsShare of POWDER KEG D gas by disposition code each month, May 2025 to Jul 2026. 97% of the gas went to a processing plant in the last 12 months. Flaring peaked at 8.9% of the gas in Apr 2026.Share of the lease’s gas by disposition code, per month0%50%100%Flared 8.9%Jul 25OctJan 26AprJul
97% of the gas went to a processing plant in the last 12 monthsShare of POWDER KEG D gas by disposition code each month, May 2025 to Jul 2026. 97% of the gas went to a processing plant in the last 12 months. Flaring peaked at 8.9% of the gas in Apr 2026.Share of gas by disposition code0%50%100%Flared 8.9%Jul 25Jan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    97% · 364,481 mcf

  • Flared (4)

    3.3% · 12,469 mcf

3.3% of the gas flared in the last 12 months. 4 months above 3%.

1 well on this lease

Wells on POWDER KEG D
API numberWell no.Status
42-301-35719404HActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%From
Plains Pipeline L.p.OilGathers80May 7, 2025
Plains Marketing, L.p.OilGathers20May 7, 2025
Targa Delaware LLCCasinghead gasBuys100May 7, 2025
Targa Delaware LLCCasinghead gasGathers100May 7, 2025

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

Who buys my oilOil price check

1,906 acres on the newest permit

  • Worth asking

    An allocation well is on this lease

    A well drilled across several tracts shares its production by an allocation formula, so the decimal is not always your acres over the unit acres. Ask the operator for the allocation formula and the tract factor for your land.

  • 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 Powder Keg D
API numberWell no.Acreson the permit
42-301-35719404H1,906

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

Unit decimal checker

What ConocoPhillips told investors it received

Cog Operating LLC is linked to ConocoPhillips (COP).
Realized prices reported by ConocoPhillips
QuarterOil$ per bblFiling
Q2 2026$99.40SEC filing
Q1 2026$73.47SEC filing
Q3 2025$66.13SEC filing
Q2 2025$64.23SEC filing
Q1 2025$71.65SEC filing
Q3 2024$76.77SEC filing

SourceConocoPhillips quarterly reports, SEC EDGAR, company-wide averages before hedging.

Estimate your royalty

15 months, newest first

Ledger for POWDER KEG D
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 202614,89315,02127,11524,9252,190$80.46$2.89
Jun 202619,87719,73738,58535,6462,939$84.81$3.15
May 202621,24721,17640,82038,2162,604$102.13$2.94
Apr 202621,13521,21940,76037,1293,631$100.32$2.77
Mar 202620,19120,14433,49133,338153$91.38$3.04
Feb 202612,63912,65218,52918,086443$64.51$3.62
Jan 202613,90413,91618,65818,61048$60.04$7.72
Dec 202513,17513,34416,47116,336135$57.97$4.26
Nov 202520,40220,43126,30326,20499$60.06$3.79
Oct 202523,37623,19530,08230,0820$60.89$3.19
Sep 202527,53627,75035,62535,6250$63.96$2.97
Aug 202530,92431,00050,51150,284227$64.86$2.91
Jul 202532,95333,04351,19751,1970$68.39$3.20
Jun 202535,61235,25848,04648,0442$68.17$3.02
May 202522,34722,00828,28228,2820$62.17$3.12

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

OperatorCog Operating LLCFieldPhantom (Wolfcamp)CountyLoving County

Cog Operating LLC in Loving County

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Phantom (Wolfcamp) field

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