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Texas oil lease

Producing

MCELROY 138

McElroy 138 is an oil lease in Upton County, Texas, operated by Apache Corporation in the Spraberry (Trend Area) field.

3 wells

1,726bbl oil, last 12 months−37% vs prior year
Operator
Apache Corporation
County
Upton County
Field
Spraberry (Trend Area)
RRC lease
7C-17999

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Where it sits

This county

Upton CountyUptonMidlandCraneGlasscockReaganEctorUpton County
Upton County
Gas, last 12 months
30,239 mcf
Oil in Jul 2026
198 bbl

Production by month

Oil output fell 37% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 37% over the last 12 monthsMonthly oil production and gas for MCELROY 138, Aug 2023 to Jul 2026. Oil output fell 37% over the last 12 months. 1,726 bbl in the 12 months through Jul 2026, against 2,738 bbl in the 12 months before.Last 12 months: 1,726 bblbbl per monthmcf per month002001,0004002,0006003,0008004,0001,0005,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 37% over the last 12 monthsMonthly oil production and gas for MCELROY 138, Aug 2023 to Jul 2026. Oil output fell 37% over the last 12 months. 1,726 bbl in the 12 months through Jul 2026, against 2,738 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002001,0004002,0006003,0008004,0001,0005,000Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

99% of the gas went to a processing plant in the last 12 months

Flaring peaked at 28.6% of the gas in Jan 2024.

  • Processing plant (3)
  • Flared (4)
99% of the gas went to a processing plant in the last 12 monthsShare of MCELROY 138 gas by disposition code each month, Aug 2023 to Jul 2026. 99% of the gas went to a processing plant in the last 12 months. Flaring peaked at 28.6% of the gas in Jan 2024.Share of the lease’s gas by disposition code, per month0%50%100%Flared 28.6%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
99% of the gas went to a processing plant in the last 12 monthsShare of MCELROY 138 gas by disposition code each month, Aug 2023 to Jul 2026. 99% of the gas went to a processing plant in the last 12 months. Flaring peaked at 28.6% of the gas in Jan 2024.Share of gas by disposition code0%50%100%Flared 28.6%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    99% · 30,016 mcf

  • Flared (4)

    0.7% · 223 mcf

0.7% of the gas flared in the last 12 months. 3 months above 3%.

3 wells on this lease

Wells on MCELROY 138
API numberWell no.Status
42-461-378451Active
42-461-382072Shut-in
42-461-389193Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Mv Purchasing, LLCOilGathers100Sep 1, 2021–
Apache CorporationCasinghead gasBuys100May 8, 2012–
Apache CorporationCasinghead gasGathers100May 8, 2012–
Shell Trading (Us) CompanyOilGathers100May 8, 2012Sep 1, 2021

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

Who buys my oilOil price check

174.84 acres on the newest permit

The wells on this lease state different acreage

The permits state between 87.34 and 174.84 acres.

Permits for McElroy 138
API numberWell no.Acreson the permit
42-461-389193174.84
42-461-382072174.84
42-461-37845187.34

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 MCELROY 138
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20261981341,7311,71417$80.46$2.89
Jun 20261031332,6612,56695$84.81$3.15
May 20262412133,5303,49040$102.13$2.94
Apr 202686861,7661,7633$100.32$2.77
Mar 202659561,5031,46142$91.38$3.04
Feb 20261241302,4622,4575$64.51$3.62
Jan 20261311492,8062,8051$60.04$7.72
Dec 20251421252,9272,9261$57.97$4.26
Nov 20251711772,7652,7641$60.06$3.79
Oct 20251301402,5082,5071$60.89$3.19
Sep 20251802022,7252,7205$63.96$2.97
Aug 20251611422,8552,84312$64.86$2.91
Jul 20251461513,0733,0721$68.39$3.20
Jun 20251782323,0813,07110$68.17$3.02
May 20252662732,8692,8681$62.17$3.12
Apr 20252882543,2283,17454$63.54$3.42
Mar 20252742512,7662,68482$68.24$4.12
Feb 20252322142,6022,59210$71.53$4.19
Jan 20252563002,7912,76922$75.74$4.13
Dec 2024340496000$70.12$3.01
Nov 20245533352,9342,9331$69.95$2.12
Oct 202453761,5081,5071$71.99$2.20
Sep 202476621,2991,2954$70.24$2.28
Aug 202476591,2561,2551$76.68$1.99
Jul 2024405096995514$81.80$2.07
Jun 202450481,1581,11741$79.77$2.54
May 202453531,0551,0469$80.02$2.12
Apr 20241141221,0711,0701$85.35$1.60
Mar 202471691,2311,21813$81.28$1.49
Feb 202482931,7151,67738$77.25$1.72
Jan 2024501021,8711,335536$74.15$3.18
Dec 20232502092,8892,8881$71.90$2.52
Nov 20231741844,0934,0921$77.69$2.71
Oct 20232191932,5732,56211$85.64$2.98
Sep 2023961082,1842,1831$89.43$2.64
Aug 202384731,5821,5811$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 CorporationFieldSpraberry (Trend Area)CountyUpton County

Apache Corporation in Upton County

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