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Data as of Jul 2026 production (Jun 2026–Jul 2026 provisional) · permits through Oct 14, 2026 · Source: Texas Railroad Commission · Methodology
Home / Operators / STEELHEAD 54-2 UNIT

STEELHEAD 54-2 UNIT

RRC oil lease 62568, district 10 · PHANTOM (WOLFCAMP) field · Loving County · operated by PDEH LLC

STEELHEAD 54-2 UNIT at a glance

Oil output in Mar 2026–May 2026 was down 27% from the same three months a year earlier. Over the last 12 months it reported 572,160 BBL of oil and 1,741,818 MCF of gas. In May 2026, the latest month not marked provisional, it reported 53,423 BBL and 178,454 MCF.

572.2KBBL oil, last 12 months▼ 49% vs prior 12
1.7MMCF gas, last 12 months▼ 47% vs prior 12
$5,725.03est. gross royalty for May 2026 at decimal
8new permits in Loving County this month

Royalty = (53,423 BBL × $97.31 WTI, Sep 2026, EIA + 178,454 MCF × $2.95 Henry Hub, Sep 2026, EIA) × your decimal. 0.001 is only a placeholder: enter the decimal from your check stub or division order. Gross, before taxes and deductions. Full estimator →

Oil + condensate (BBL per month, last 36 months)

0100K200KAug 23Feb 24Aug 24Feb 25Aug 25Feb 26

Gas (MCF per month, last 36 months)

0100K200K300K400K500KAug 23Feb 24Aug 24Feb 25Aug 25Feb 26

Jun 2026 and Jul 2026 are provisional (lighter bars) and usually rise as late reports arrive.

STEELHEAD 54-2 UNIT production history in brief

By oil-equivalent volume over the last 12 months, STEELHEAD 54-2 UNIT ranks #19 of 3,738 reporting leases in Loving County. It reported production in 26 of the 34 non-provisional months shown, starting in our window in Apr 2024. Its peak oil month in that window was Aug 2024 at 140,653 BBL. The lease is in the PHANTOM (WOLFCAMP) field and is operated by PDEH LLC; production is reported for the lease as a whole, not per well.

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New permits nearby

New drilling permits issued this month in Loving County. RRC production data has no lease coordinates, so we match by county.

IssuedOperatorLeaseWellDepth (ft)
2026-10-14VELOCITY WATER SOLUTIONS, LPCOWBELL SWD27,600
2026-10-13TRP OPERATING LLCJONES1D9,000
2026-10-09CIRCLE-S ENERGY, LLCLINDLEY 9221H10,800
2026-10-09CIRCLE-S ENERGY, LLCLINDLEY 9232H10,800
2026-10-08WPX ENERGY PERMIAN, LLCLIZZY STATE 23-26-28N312H14,000
2026-10-06WPX ENERGY PERMIAN, LLCLIZZY STATE 23-26-28G451H14,000
2026-10-06WPX ENERGY PERMIAN, LLCLIZZY STATE 23-26-28H452H14,000
2026-10-01PERMIAN RESOURCES OPERATING, LLCEL CAMPEON UNIT 3154H13,000

Monthly production

MonthOil (BBL)Gas (MCF)
Jul 2026 (provisional)41,812156,895
Jun 2026 (provisional)37,058116,405
May 202653,423178,454
Apr 202648,186203,247
Mar 202655,846161,971
Feb 202645,897119,674
Jan 202634,58390,658
Dec 202550,961130,719
Nov 202563,502181,898
Oct 202555,713154,613
Sep 202540,611115,923
Aug 202544,568131,361
Jul 202562,829194,490
Jun 202563,796194,079
May 202569,947204,432
Apr 202572,861211,189
Mar 202573,193213,523
Feb 202574,711219,565
Jan 202595,966283,213
Dec 202495,809281,911
Nov 2024103,226310,818
Oct 2024136,400405,354
Sep 2024121,606362,675
Aug 2024140,653409,173
Jul 2024138,720396,710
Jun 2024126,133355,920
May 2024104,121286,736
Apr 20248,04313,103

Check these figures in the RRC Production Data Query (Specific Lease Query: district 10, lease 62568). Production is reported per lease, so a lease with several wells is not split by well.

Source: Texas Railroad Commission (data sets, Production Data Query). Data date: RRC Production Data Query dump, extract dated Sep 18, 2026; production through Jul 2026. Jun 2026 and Jul 2026 are provisional: operators file late and amend, so these months usually rise in later releases. Oil = crude oil + condensate (BBL); gas = gas-well gas + casinghead gas (MCF), as reported to RRC. Methodology.