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Texas oil lease

Producing

MIAMI BEACH 34-123

Miami Beach 34-123 is an oil lease in Ward County, Texas, operated by Apache Corporation in the Phantom (Wolfcamp) field.

2 wells

42,834bbl oil, last 12 months−29% vs prior year
RRC lease
08-45999

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Where it sits

This county

Ward CountyWardWinklerCraneLovingReevesEctorWard County
Ward County
Gas, last 12 months
48,738 mcf
Oil in Jul 2026
3,061 bbl

Production by month

Oil output fell 29% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 29% over the last 12 monthsMonthly oil production and gas for MIAMI BEACH 34-123, Aug 2023 to Jul 2026. Oil output fell 29% over the last 12 months. 42,834 bbl in the 12 months through Jul 2026, against 60,542 bbl in the 12 months before.Last 12 months: 42,834 bblbbl per monthmcf per month002,0002,5004,0005,0006,0007,5008,00010k10k12.5kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 29% over the last 12 monthsMonthly oil production and gas for MIAMI BEACH 34-123, Aug 2023 to Jul 2026. Oil output fell 29% over the last 12 months. 42,834 bbl in the 12 months through Jul 2026, against 60,542 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002,0002,5004,0005,0006,0007,5008,00010k10k12.5kJan 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 34.6% of the gas in Mar 2024.

  • 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 MIAMI BEACH 34-123 gas by disposition code each month, Aug 2023 to Jul 2026. Since Aug 2024 the lease's gas goes to a transmission line instead of a processing plant. Flaring peaked at 34.6% of the gas in Mar 2024.Share of the lease’s gas by disposition code, per month0%50%100%Aug 2024: plant to lineFlared 34.6%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Aug 2024 the lease's gas goes to a transmission line instead of a processing plantShare of MIAMI BEACH 34-123 gas by disposition code each month, Aug 2023 to Jul 2026. Since Aug 2024 the lease's gas goes to a transmission line instead of a processing plant. Flaring peaked at 34.6% of the gas in Mar 2024.Share of gas by disposition code0%50%100%Aug 24: plant to lineFlared 34.6%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    73% · 35,419 mcf

  • Lease fuel (1)

    24% · 11,458 mcf

  • Flared (4)

    3.8% · 1,861 mcf

3.8% of the gas flared in the last 12 months. 17 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, 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.

2 wells on this lease

Wells on MIAMI BEACH 34-123
API numberWell no.Status
42-475-366191HActive
42-475-371182HActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%From
Enterprise Crude Oil LLCOilGathers100Oct 24, 2014
Targa Midstream Services LLCCasinghead gasBuys100Oct 24, 2014
Targa Midstream Services LLCCasinghead gasGathers100Oct 24, 2014

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

323.20 acres on the newest permit

Permits for Miami Beach 34-123
API numberWell no.Acreson the permit
42-475-371182H323.20
42-475-366191H323.20

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 MIAMI BEACH 34-123
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Apache Corporation3,0613,8881,8661,633233$80.46$2.89
Jun 2026Apache Corporation3,1412,5652,4451,934511$84.81$3.15
May 2026Apache Corporation3,3993,3263,1612,927234$102.13$2.94
Apr 2026Apache Corporation3,4023,2242,9632,832131$100.32$2.77
Mar 2026Apache Corporation3,0963,7332,6552,521134$91.38$3.04
Feb 2026Apache Corporation2,2471,5783,0892,1490$64.51$3.62
Jan 2026Apache Corporation3,3643,4474,2832,8252$60.04$7.72
Dec 2025Apache Corporation4,9264,9096,0493,756351$57.97$4.26
Nov 2025Apache Corporation4,9365,3146,7524,670194$60.06$3.79
Oct 2025Apache Corporation3,7393,6285,2253,3011$60.89$3.19
Sep 2025Apache Corporation3,7603,8815,3673,69923$63.96$2.97
Aug 2025Apache Corporation3,7633,6754,8833,17247$64.86$2.91
Jul 2025Apache Corporation5,2935,5216,9244,872354$68.39$3.20
Jun 2025Apache Corporation4,9755,0087,4215,428359$68.17$3.02
May 2025Apache Corporation4,0524,1276,3445,067101$62.17$3.12
Apr 2025Apache Corporation3,4643,3756,0094,301130$63.54$3.42
Mar 2025Apache Corporation4,0493,7455,7004,02124$68.24$4.12
Feb 2025Apache Corporation3,8273,9435,1863,164216$71.53$4.19
Jan 2025Apache Corporation4,3174,5006,9354,393527$75.74$4.13
Dec 2024Apache Corporation4,5043,9555,9153,9110$70.12$3.01
Nov 2024Apache Corporation4,1844,6085,6383,400419$69.95$2.12
Oct 2024Apache Corporation7,2616,9208,1925,924255$71.99$2.20
Sep 2024Apache Corporation7,4967,6468,0395,659737$70.24$2.28
Aug 2024Apache Corporation7,1207,1627,9366,069162$76.68$1.99
Jul 2024Callon Petroleum7,9318,1559,7997,773332$81.80$2.07
Jun 2024Callon Petroleum7,2747,0668,0706,284207$79.77$2.54
May 2024Callon Petroleum9,1779,26812,12010,322109$80.02$2.12
Apr 2024Callon Petroleum2,5252,1062,9221,875646$85.35$1.60
Mar 2024Callon Petroleum11901,1630402$81.28$1.49
Feb 2024Callon Petroleum2755361,8090255$77.25$1.72
Jan 2024Callon Petroleum2781701,627011$74.15$3.18
Dec 2023Callon Petroleum4077261,70000$71.90$2.52
Nov 2023Callon Petroleum5271851,65000$77.69$2.71
Oct 2023Callon Petroleum4603631,695040$85.64$2.98
Sep 2023Callon Petroleum6487211,21900$89.43$2.64
Aug 2023Callon Petroleum1,0541,2811,2584700$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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