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Texas oil lease

Producing

BLACK DOG 4231 B

Black Dog 4231 B is an oil lease in Upton County, Texas, operated by Apache Corporation in the Spraberry (Trend Area) field.

1 well

8,237bbl oil, last 12 months−16% vs prior year
RRC lease
7C-20269

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Where it sits

This county

Upton CountyUptonMidlandCraneGlasscockReaganEctorUpton County
Upton County
Gas, last 12 months
87,326 mcf
Oil in Jul 2026
115 bbl

Production by month

Oil output fell 16% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 16% over the last 12 monthsMonthly oil production and gas for BLACK DOG 4231 B, Aug 2023 to Jul 2026. Oil output fell 16% over the last 12 months. 8,237 bbl in the 12 months through Jul 2026, against 9,801 bbl in the 12 months before.Last 12 months: 8,237 bblbbl per monthmcf per month0050010k1,00020k1,50030k2,00040kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 16% over the last 12 monthsMonthly oil production and gas for BLACK DOG 4231 B, Aug 2023 to Jul 2026. Oil output fell 16% over the last 12 months. 8,237 bbl in the 12 months through Jul 2026, against 9,801 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month0050010k1,00020k1,50030k2,00040kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

Since May 2025 the lease's gas goes to a processing plant instead of lease fuel

Flaring peaked at 3.9% of the gas in Feb 2025.

  • Processing plant (3)
  • Lease fuel (1)
  • Flared (4)
Since May 2025 the lease's gas goes to a processing plant instead of lease fuelShare of BLACK DOG 4231 B gas by disposition code each month, Aug 2023 to Jul 2026. Since May 2025 the lease's gas goes to a processing plant instead of lease fuel. Flaring peaked at 3.9% of the gas in Feb 2025.Share of the lease’s gas by disposition code, per month0%50%100%May 2025: fuel to plantFlared 3.9%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since May 2025 the lease's gas goes to a processing plant instead of lease fuelShare of BLACK DOG 4231 B gas by disposition code each month, Aug 2023 to Jul 2026. Since May 2025 the lease's gas goes to a processing plant instead of lease fuel. Flaring peaked at 3.9% of the gas in Feb 2025.Share of gas by disposition code0%50%100%May 25: fuel to plantFlared 3.9%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    95% · 83,208 mcf

  • Lease fuel (1)

    4.6% · 3,981 mcf

  • Flared (4)

    0.2% · 137 mcf

0.2% of the gas flared in the last 12 months. One month above 3%.

1 well on this lease

Wells on BLACK DOG 4231 B
API numberWell no.Status
42-461-409453HMActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%From
Medallion Operating Company, LLCOilGathers100Apr 22, 2019
Targa Pipeline Mid-Continent LLCCasinghead gasBuys100Apr 22, 2019
Targa Pipeline Mid-Continent LLCCasinghead gasGathers100Apr 22, 2019

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

109.11 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 Black Dog 4231 B
API numberWell no.Acreson the permit
42-461-409453HM109.11

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

What APA Corporation told investors it received

Apache Corporation is linked to APA Corporation (APA).
Realized prices reported by APA Corporation
QuarterOil$ per bblFiling
Q2 2026$98.24SEC filing
Q1 2026$78.69SEC filing
Q4 2025$61.03SEC filing
Q3 2025$67.43SEC filing
Q2 2025$65.58SEC filing
Q1 2025$73.73SEC filing

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

Estimate your royalty

36 months, newest first

Ledger for BLACK DOG 4231 B
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20261151116946931$80.46$2.89
Jun 20261501742,0712,0701$84.81$3.15
May 20264524634,6784,6708$102.13$2.94
Apr 20264324145,1735,1721$100.32$2.77
Mar 202681881011,21811,2162$91.38$3.04
Feb 20265315915,9595,9420$64.51$3.62
Jan 20261,0571,03113,42413,266123$60.04$7.72
Dec 20257487307,8267,7390$57.97$4.26
Nov 202590097011,93311,0571$60.06$3.79
Oct 20251,0621,04510,5459,4950$60.89$3.19
Sep 20259809797,9527,0320$63.96$2.97
Aug 20259929835,8534,8560$64.86$2.91
Jul 20259951,0085,4554,3880$68.39$3.20
Jun 20251,0981,1155,5524,4561$68.17$3.02
May 20251,2611,2623,5282,5260$62.17$3.12
Apr 20251,0391,0061,3625951$63.54$3.42
Mar 2025743720956261$68.24$4.12
Feb 2025533480881034$71.53$4.19
Jan 202511401,8751,2381$75.74$4.13
Dec 202427830713,31213,0981$70.12$3.01
Nov 202495294837,98437,7081$69.95$2.12
Oct 20241,0241,04338,65738,4981$71.99$2.20
Sep 202493891932,59232,2580$70.24$2.28
Aug 202492993534,67934,3120$76.68$1.99
Jul 20241,0581,06735,57235,1871$81.80$2.07
Jun 20241,2191,22736,05535,7731$79.77$2.54
May 20241,1431,15332,10531,8221$80.02$2.12
Apr 20241,2741,27837,06036,5441$85.35$1.60
Mar 20241,3431,31038,37337,77624$81.28$1.49
Feb 202471772326,66626,2411$77.25$1.72
Jan 202480180231,75331,4141$74.15$3.18
Dec 20231,0361,02533,20232,6372$71.90$2.52
Nov 20231,0491,05332,54032,0231$77.69$2.71
Oct 20231,2011,19834,62833,510585$85.64$2.98
Sep 20231,1581,17436,12935,59917$89.43$2.64
Aug 20231,3651,36937,61637,0131$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

Apache Corporation in Upton County

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Spraberry (Trend Area) field

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