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Texas oil lease

Producing

HOBIE

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

2 wells

37,480bbl oil, last 12 months−42% vs prior year
Operator
Apache Corporation
County
Ward County
Field
Phantom (Wolfcamp)
RRC lease
08-60716

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Where it sits

This county

Ward CountyWardWinklerCraneLovingReevesEctorWard County
Ward County
Gas, last 12 months
47,290 mcf
Oil in Jul 2026
7,295 bbl

Checks stopped on this lease?

  • Buyer

    Buyer changed: BRAZOS MIDSTREAM OPERATING, LLC replaced TARGA MIDSTREAM SERVICES LLC as the buyer of this lease's gas from oil wells on Jan 1, 2025.

SourceRailroad Commission production, P-5 and P-4 records, data through Jul 2026.

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Production by month

Oil output fell 42% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 42% over the last 12 monthsMonthly oil production and gas for HOBIE, Sep 2023 to Jul 2026. Oil output fell 42% over the last 12 months. 37,480 bbl in the 12 months through Jul 2026, against 64,941 bbl in the 12 months before.Last 12 months: 37,480 bblbbl per monthmcf per month0010k10k20k20k30k30k40k40k50k50kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 42% over the last 12 monthsMonthly oil production and gas for HOBIE, Sep 2023 to Jul 2026. Oil output fell 42% over the last 12 months. 37,480 bbl in the 12 months through Jul 2026, against 64,941 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month0010k10k20k20k30k30k40k40k50k50kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

Since Aug 2024 the lease's gas goes to a transmission line instead of a processing plant

Flaring peaked at 4.1% of the gas in Jun 2026.

  • Processing plant (3)
  • Transmission line (2)
  • Lease fuel (1)
  • Flared (4)
Since Aug 2024 the lease's gas goes to a transmission line instead of a processing plantShare of HOBIE gas by disposition code each month, Sep 2023 to Jul 2026. Since Aug 2024 the lease's gas goes to a transmission line instead of a processing plant. Flaring peaked at 4.1% of the gas in Jun 2026.Share of the lease’s gas by disposition code, per month0%50%100%Aug 2024: plant to lineFlared 4.1%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Aug 2024 the lease's gas goes to a transmission line instead of a processing plantShare of HOBIE gas by disposition code each month, Sep 2023 to Jul 2026. Since Aug 2024 the lease's gas goes to a transmission line instead of a processing plant. Flaring peaked at 4.1% of the gas in Jun 2026.Share of gas by disposition code0%50%100%Aug 24: plant to lineFlared 4.1%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    97% · 46,061 mcf

  • Lease fuel (1)

    1.5% · 697 mcf

  • Flared (4)

    1.1% · 532 mcf

1.1% of the gas flared in the last 12 months. 3 months 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, Sep 2023 to Jul 2024; Apache Corporation, Aug 2024 to Jul 2026202420252026Changed Aug 2024Callon Petroleum Operating CoSep 2023 to Jul 2024Apache CorporationAug 2024 to now
Operators of this lease over timeCallon Petroleum Operating Co, Sep 2023 to Jul 2024; Apache Corporation, Aug 2024 to Jul 2026202420252026Changed Aug 2024Callon Petroleum Operating CoSep 2023 to Jul 2024Apache CorporationAug 2024 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

2 wells on this lease

Wells on HOBIE
API numberWell no.Status
42-475-386169BSActive
42-475-3861710BSActive

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 gasGathers100Sep 7, 2023Jan 1, 2025
Targa Midstream Services LLCCasinghead gasBuys100Sep 7, 2023Jan 1, 2025
Medallion Operating Company, LLCOilGathers90Sep 7, 2023Jan 1, 2025
Rio Energy International, Inc.OilGathers10Sep 7, 2023Jan 1, 2025

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

Who buys my oilOil price check

326.25 acres on the newest permit

Check your decimal on this lease
Permits for Hobie
API numberWell no.Acreson the permit
42-475-386169BS326.25
42-475-3861710BS326.25

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

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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

35 months, newest first

Ledger for HOBIE
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Apache Corporation7,2957,2128,9508,713237$80.46$2.89
Jun 2026Apache Corporation5,3235,2406,5956,327268$84.81$3.15
May 2026Apache Corporation1241233183126$102.13$2.94
Apr 2026Apache Corporation677833321$100.32$2.77
Mar 2026Apache Corporation78482691490311$91.38$3.04
Feb 2026Apache Corporation3,4983,5374,6304,5050$64.51$3.62
Jan 2026Apache Corporation4,8984,9515,5235,3470$60.04$7.72
Dec 2025Apache Corporation5,3625,3086,7716,5859$57.97$4.26
Nov 2025Apache Corporation4,3914,3285,2025,0530$60.06$3.79
Oct 2025Apache Corporation1,7711,7712,5912,5210$60.89$3.19
Sep 2025Apache Corporation1,8501,8512,7532,7530$63.96$2.97
Aug 2025Apache Corporation2,1172,1333,0103,0100$64.86$2.91
Jul 2025Apache Corporation2,4892,5023,4793,338141$68.39$3.20
Jun 2025Apache Corporation2,7312,7483,8513,84011$68.17$3.02
May 2025Apache Corporation3,1203,1493,9643,9640$62.17$3.12
Apr 2025Apache Corporation4,0354,0764,6134,55954$63.54$3.42
Mar 2025Apache Corporation6,1116,0317,4707,43832$68.24$4.12
Feb 2025Apache Corporation2,4262,4342,7332,57855$71.53$4.19
Jan 2025Apache Corporation3,1933,2543,2303,1040$75.74$4.13
Dec 2024Apache Corporation7,0997,0587,3917,1700$70.12$3.01
Nov 2024Apache Corporation7,5287,5638,2758,0480$69.95$2.12
Oct 2024Apache Corporation8,1288,1038,5778,5734$71.99$2.20
Sep 2024Apache Corporation8,5088,5449,0839,06914$70.24$2.28
Aug 2024Apache Corporation9,5739,58810,71210,7040$76.68$1.99
Jul 2024Callon Petroleum10,73110,73711,94511,6926$81.80$2.07
Jun 2024Callon Petroleum11,77111,73013,33213,07436$79.77$2.54
May 2024Callon Petroleum13,67213,62016,42016,000190$80.02$2.12
Apr 2024Callon Petroleum9,0269,11013,68413,46155$85.35$1.60
Mar 2024Callon Petroleum13,29613,26415,11614,704124$81.28$1.49
Feb 2024Callon Petroleum15,98216,10918,30017,833198$77.25$1.72
Jan 2024Callon Petroleum22,58122,47526,70126,4200$74.15$3.18
Dec 2023Callon Petroleum29,00229,03834,71934,4370$71.90$2.52
Nov 2023Callon Petroleum35,19235,26139,37238,252875$77.69$2.71
Oct 2023Callon Petroleum41,68141,52244,81144,20075$85.64$2.98
Sep 2023Callon Petroleum34,77734,69037,57437,03564$89.43$2.64

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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This lease belongs to

OperatorApache CorporationFieldPhantom (Wolfcamp)CountyWard County

Apache Corporation in Ward County

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