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Texas oil lease

Producing

CASPER 37

Casper 37 is an oil lease in Ward County, Texas, operated by Apache Corporation in the Phantom (Wolfcamp) field.

1 well

9,038bbl oil, last 12 months−33% vs prior year
Operator
Apache Corporation
County
Ward County
Field
Phantom (Wolfcamp)
RRC lease
08-50597

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Where it sits

This county

Ward CountyWardWinklerCraneLovingReevesEctorWard County
Ward County
Gas, last 12 months
25,484 mcf
Oil in Jul 2026
689 bbl

Production by month

Oil output fell 33% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 33% over the last 12 monthsMonthly oil production and gas for CASPER 37, Aug 2023 to Jul 2026. Oil output fell 33% over the last 12 months. 9,038 bbl in the 12 months through Jul 2026, against 13,413 bbl in the 12 months before.Last 12 months: 9,038 bblbbl per monthmcf per month005002,0001,0004,0001,5006,0002,0008,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 33% over the last 12 monthsMonthly oil production and gas for CASPER 37, Aug 2023 to Jul 2026. Oil output fell 33% over the last 12 months. 9,038 bbl in the 12 months through Jul 2026, against 13,413 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month005002,0001,0004,0001,5006,0002,0008,000Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

Since Dec 2024 the lease's gas goes to a transmission line instead of lease fuel

Flaring peaked at 71.4% of the gas in Oct 2024.

  • Processing plant (3)
  • Transmission line (2)
  • Lease fuel (1)
  • Flared (4)
Since Dec 2024 the lease's gas goes to a transmission line instead of lease fuelShare of CASPER 37 gas by disposition code each month, Aug 2023 to Jul 2026. Since Dec 2024 the lease's gas goes to a transmission line instead of lease fuel. Flaring peaked at 71.4% of the gas in Oct 2024.Share of the lease’s gas by disposition code, per month0%50%100%Dec 2024: fuel to lineFlared 71.4%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Dec 2024 the lease's gas goes to a transmission line instead of lease fuelShare of CASPER 37 gas by disposition code each month, Aug 2023 to Jul 2026. Since Dec 2024 the lease's gas goes to a transmission line instead of lease fuel. Flaring peaked at 71.4% of the gas in Oct 2024.Share of gas by disposition code0%50%100%Dec 24: fuel to lineFlared 71.4%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    99% · 25,221 mcf

  • Lease fuel (1)

    0.9% · 227 mcf

  • Flared (4)

    0.1% · 36 mcf

0.1% 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 Aug 2024

Operators of this lease over timeCallon Petroleum Operating Co, Jan 2020 to Jul 2024; Apache Corporation, Aug 2024 to Jul 20262020202120222023202420252026Changed Aug 2024Callon Petroleum Operating CoJan 2020 to Jul 2024Apache CorporationAug 2024 to now
Operators of this lease over timeCallon Petroleum Operating Co, Jan 2020 to Jul 2024; Apache Corporation, Aug 2024 to Jul 20262020202120222023202420252026Changed Aug 2024Callon Petroleum Operating CoJan 2020 to Jul 2024Apache CorporationAug 2024 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

1 well on this lease

Wells on CASPER 37
API numberWell no.Status
42-475-3754099UAActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Medallion Operating Company, LLCOilGathers50Jan 1, 2025–
Plains Pipeline L.p.OilGathers50Jan 1, 2025–
Brazos Midstream Operating, LLCCasinghead gasBuys100Jan 1, 2025–
Brazos Midstream Operating, LLCCasinghead gasGathers100Jan 1, 2025–
Targa Midstream Services LLCCasinghead gasGathers100Aug 22, 2018Jan 1, 2025
Targa Midstream Services LLCCasinghead gasBuys100Aug 22, 2018Jan 1, 2025
Medallion Operating Company, LLCOilGathers90Aug 22, 2018Jan 1, 2025
Rio Energy International, Inc.OilGathers10Aug 22, 2018Jan 1, 2025

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

Who buys my oilOil price check

576 acres on the newest permit

An allocation well is on this lease

Permits for Casper 37
API numberWell no.Acreson the permit
42-475-3754099UA576

SourceRailroad Commission drilling permits, Sep 26, 2026 (source 1, source 2).

Unit decimal checker

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 CASPER 37
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Apache Corporation6896813,1433,12617$80.46$2.89
Jun 2026Apache Corporation3923822,4802,4764$84.81$3.15
May 2026Apache Corporation4104113,1393,1390$102.13$2.94
Apr 2026Apache Corporation6236401,9091,9081$100.32$2.77
Mar 2026Apache Corporation1,0231,0191,5061,5060$91.38$3.04
Feb 2026Apache Corporation7947981,5001,4541$64.51$3.62
Jan 2026Apache Corporation9129461,2951,22713$60.04$7.72
Dec 2025Apache Corporation8708331,6721,6200$57.97$4.26
Nov 2025Apache Corporation5205131,7851,7550$60.06$3.79
Oct 2025Apache Corporation7818131,5561,5110$60.89$3.19
Sep 2025Apache Corporation7007093,4983,4980$63.96$2.97
Aug 2025Apache Corporation1,3241,3372,0012,0010$64.86$2.91
Jul 2025Apache Corporation1,5031,493000$68.39$3.20
Jun 2025Apache Corporation1,1521,128000$68.17$3.02
May 2025Apache Corporation1,0571,069000$62.17$3.12
Apr 2025Apache Corporation1,0701,099000$63.54$3.42
Mar 2025Apache Corporation1,1291,165000$68.24$4.12
Feb 2025Apache Corporation1,0761,0663192490$71.53$4.19
Jan 2025Apache Corporation9949622401780$75.74$4.13
Dec 2024Apache Corporation1,0571,0371971510$70.12$3.01
Nov 2024Apache Corporation9399264400$69.95$2.12
Oct 2024Apache Corporation1,0211,0161540110$71.99$2.20
Sep 2024Apache Corporation1,2141,2142,0662,03036$70.24$2.28
Aug 2024Apache Corporation1,2011,2023,1373,1370$76.68$1.99
Jul 2024Callon Petroleum1,1981,2053,7433,72716$81.80$2.07
Jun 2024Callon Petroleum1,1751,1643,0133,0041$79.77$2.54
May 2024Callon Petroleum1,3691,3629289152$80.02$2.12
Apr 2024Callon Petroleum1,0991,1265,2975,24442$85.35$1.60
Mar 2024Callon Petroleum1,0881,0505,5045,378119$81.28$1.49
Feb 2024Callon Petroleum1,0021,0046,6816,6708$77.25$1.72
Jan 2024Callon Petroleum1,0731,0745,4365,4290$74.15$3.18
Dec 2023Callon Petroleum1,1601,1617,9277,9200$71.90$2.52
Nov 2023Callon Petroleum1,1421,1446,8946,85928$77.69$2.71
Oct 2023Callon Petroleum1,2051,2074,2144,105102$85.64$2.98
Sep 2023Callon Petroleum1,2251,2263,9563,9454$89.43$2.64
Aug 2023Callon Petroleum1,2481,2564,1964,1871$81.39$2.58

Flared above 3%

SourceTexas Railroad Commission Production Data Query, through Jul 2026. Prices: EIA, through Aug 2026. Updated Sep 28, 2026.

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Nearby

This lease belongs to

OperatorApache CorporationFieldPhantom (Wolfcamp)CountyWard County

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