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Texas oil lease

Producing

KESTREL 38

Kestrel 38 is an oil lease in Glasscock County, Texas, operated by Apache Corporation in the Spraberry (Trend Area) field.

5 wells

893bbl oil, last 12 months−10% vs prior year
Operator
Apache Corporation
County
Glasscock County
Field
Spraberry (Trend Area)
RRC lease
08-44726

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Where it sits

This county

Glasscock CountyGlasscockMitchellMartinSterlingMidlandHowardGlasscock County
Glasscock County
Gas, last 12 months
12,856 mcf
Oil in Jul 2026
14 bbl

Production by month

Oil output fell 10% over the last 12 months

Jun 2026 was not reported.

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 10% over the last 12 monthsMonthly oil production and gas for KESTREL 38, Aug 2023 to Jul 2026. Oil output fell 10% over the last 12 months. 790 bbl in the 12 months through Jul 2026, against 880 bbl in the 12 months before.Last 12 months: 790 bblbbl per monthmcf per month002005004001,0006001,5008002,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 10% over the last 12 monthsMonthly oil production and gas for KESTREL 38, Aug 2023 to Jul 2026. Oil output fell 10% over the last 12 months. 790 bbl in the 12 months through Jul 2026, against 880 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002005004001,0006001,5008002,000Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

Since Jan 2024 the lease's gas goes to a processing plant instead of lease fuel

Flaring peaked at 17.3% of the gas in May 2025.

  • Processing plant (3)
  • Transmission line (2)
  • Lease fuel (1)
  • Flared (4)
Since Jan 2024 the lease's gas goes to a processing plant instead of lease fuelShare of KESTREL 38 gas by disposition code each month, Aug 2023 to Jul 2026. Since Jan 2024 the lease's gas goes to a processing plant instead of lease fuel. Flaring peaked at 17.3% of the gas in May 2025.Share of the lease’s gas by disposition code, per month0%50%100%Jan 2024: fuel to plantFlared 17.3%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Jan 2024 the lease's gas goes to a processing plant instead of lease fuelShare of KESTREL 38 gas by disposition code each month, Aug 2023 to Jul 2026. Since Jan 2024 the lease's gas goes to a processing plant instead of lease fuel. Flaring peaked at 17.3% of the gas in May 2025.Share of gas by disposition code0%50%100%Jan 24: fuel to plantFlared 17.3%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    97% · 12,473 mcf

  • Flared (4)

    2.8% · 360 mcf

  • Transmission line (2)

    0.2% · 23 mcf

2.8% of the gas flared in the last 12 months. 7 months above 3%.

5 wells on this lease

Wells on KESTREL 38
API numberWell no.Status
42-173-353661Active
42-173-356902Active
42-173-358413Shut-in
42-173-360444Shut-in
42-173-360455Shut-in

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Medallion Operating Company, LLCOilGathers100Mar 1, 2025–
Apache CorporationCasinghead gasBuys100Jun 25, 2013–
Apache CorporationCasinghead gasGathers100Jun 25, 2013–
Energy Trans Crude Marketing LLCOilGathers50Jul 1, 2021Mar 1, 2025
Energy Transfer Marketing & TermOilGathers50Dec 1, 2022Mar 1, 2025
Sunoco Ptnrs. Mktg.&terminals LPOilGathers50Jul 1, 2021Dec 1, 2022
Sunoco Ptnrs. Mktg.&terminals LPOilGathers100Jun 25, 2013Jul 1, 2021

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

Who buys my oilOil price check

320 acres on the newest permit

Permits for Kestrel 38
API numberWell no.Acreson the permit
42-173-360455320
42-173-360444320
42-173-358413320
42-173-356902320
42-173-353661320

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 KESTREL 38
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 202614158488480$80.46$2.89
Jun 2026No report filed–––––$84.81$3.15
May 202621228628611$102.13$2.94
Apr 20264242792676116$100.32$2.77
Mar 2026505085777186$91.38$3.04
Feb 202664659599590$64.51$3.62
Jan 20261071061,0581,0535$60.04$7.72
Dec 20251041041,1641,14618$57.97$4.26
Nov 20251001001,0501,03713$60.06$3.79
Oct 20251021021,3431,243100$60.89$3.19
Sep 20251071071,2111,2101$63.96$2.97
Aug 202579791,3861,3842$64.86$2.91
Jul 20251031031,3261,30818$68.39$3.20
Jun 20251141141,3101,113197$68.17$3.02
May 20258282909752157$62.17$3.12
Apr 20251111151,2511,21932$63.54$3.42
Mar 20251531481,0271,0270$68.24$4.12
Feb 202553536136130$71.53$4.19
Jan 202542428328311$75.74$4.13
Dec 2024494996391944$70.12$3.01
Nov 202400000$69.95$2.12
Oct 202410102312310$71.99$2.20
Sep 2024171651,0861,0851$70.24$2.28
Aug 20241461521,2971,2970$76.68$1.99
Jul 20243281741,2641,22143$81.80$2.07
Jun 202401471,1571,1570$79.77$2.54
May 20241181661,1561,1551$80.02$2.12
Apr 20241691389089080$85.35$1.60
Mar 20241431377947940$81.28$1.49
Feb 2024170836666070$77.25$1.72
Jan 202411752562510$74.15$3.18
Dec 20231621175510$71.90$2.52
Nov 20234136309137885$77.69$2.71
Oct 20235342035944700$85.64$2.98
Sep 20232691567527493$89.43$2.64
Aug 2023852051,5161,49620$81.39$2.58

No report filed 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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This lease belongs to

OperatorApache CorporationFieldSpraberry (Trend Area)CountyGlasscock County

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