WHEAT 1-59 LOV
WHEAT 1-59 LOV is a Texas oil lease in Loving County, Railroad Commission district 08, operated by Shell Western E&P. It has 3 wellbores on file with the Commission. Reported production runs from May 2013 to August 2026, totalling 769,054 barrels. The lease is currently producing. Fitting a decline curve to that history and pricing the remaining production at today's forward curve values a standard royalty share at about $27K, with roughly $14K expected over the next twelve months.
| Operator | Shell Western E&P |
|---|---|
| Field | Phantom (Wolfcamp) |
| County | Loving County, Texas |
| RRC district | 08 |
| Lease number | 44148 |
| Wellbores | 3 |
| Reported production | 769,054 bbl |
| First reported | May 2013 |
| Last reported | August 2026 |
| Estimated royalty value | $27K |
Production figures are as reported to the Railroad Commission of Texas. The value shown is an estimate produced by fitting a decline curve to that reported history; it is not an offer or an appraisal.