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Texas oil lease

Producing

PARKS-COYOTE 1506 B

Parks-Coyote 1506 B is an oil lease in Midland County, Texas, operated by Apache Corporation in the Spraberry (Trend Area) field.

2 wells

26,388bbl oil, last 12 months−45% vs prior year
Operator
Apache Corporation
County
Midland County
Field
Spraberry (Trend Area)
RRC lease
08-53242

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Where it sits

This county

Midland CountyMidlandMartinAndrewsGlasscockHowardEctorMidland County
Midland County
Gas, last 12 months
172,664 mcf
Oil in Jul 2026
345 bbl

Production by month

Oil output fell 45% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 45% over the last 12 monthsMonthly oil production and gas for PARKS-COYOTE 1506 B, Aug 2023 to Jul 2026. Oil output fell 45% over the last 12 months. 26,388 bbl in the 12 months through Jul 2026, against 48,359 bbl in the 12 months before.Last 12 months: 26,388 bblbbl per monthmcf per month002,50010k5,00020k7,50030k10k40k12.5k50kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 45% over the last 12 monthsMonthly oil production and gas for PARKS-COYOTE 1506 B, Aug 2023 to Jul 2026. Oil output fell 45% over the last 12 months. 26,388 bbl in the 12 months through Jul 2026, against 48,359 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002,50010k5,00020k7,50030k10k40k12.5k50kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

Since Jul 2026 the lease's gas goes to lease fuel instead of a transmission line

Flaring peaked at 39.3% of the gas in Jul 2026.

  • Processing plant (3)
  • Transmission line (2)
  • Lease fuel (1)
  • Flared (4)
Since Jul 2026 the lease's gas goes to lease fuel instead of a transmission lineShare of PARKS-COYOTE 1506 B gas by disposition code each month, Aug 2023 to Jul 2026. Since Jul 2026 the lease's gas goes to lease fuel instead of a transmission line. Flaring peaked at 39.3% of the gas in Jul 2026.Share of the lease’s gas by disposition code, per month0%50%100%Jul 2026: line to fuelFlared 39.3%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Jul 2026 the lease's gas goes to lease fuel instead of a transmission lineShare of PARKS-COYOTE 1506 B gas by disposition code each month, Aug 2023 to Jul 2026. Since Jul 2026 the lease's gas goes to lease fuel instead of a transmission line. Flaring peaked at 39.3% of the gas in Jul 2026.Share of gas by disposition code0%50%100%Jul 26: line to fuelFlared 39.3%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    80% · 137,725 mcf

  • Lease fuel (1)

    10% · 17,373 mcf

  • Flared (4)

    10% · 17,327 mcf

  • Processing plant (3)

    0.1% · 239 mcf

10.0% of the gas flared in the last 12 months. 20 months above 3%.

2 wells on this lease

Wells on PARKS-COYOTE 1506 B
API numberWell no.Status
42-329-432902HMActive
42-329-450349HSActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Medallion Operating Company, LLCOilGathers100Dec 14, 2019–
Ent Navitas Mdstrm Mdlnd Bas LLCCasinghead gasBuys100Jun 1, 2023–
Ent Navitas Mdstrm Mdlnd Bas LLCCasinghead gasGathers100Jun 1, 2023–
Navitas Mdstr Midland Basin, LLCCasinghead gasGathers100Dec 14, 2019Jun 1, 2023
Navitas Mdstr Midland Basin, LLCCasinghead gasBuys100Dec 14, 2019Jun 1, 2023

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

Who buys my oilOil price check

1,294 acres on the newest permit

  • Worth asking

    An allocation well is on this lease

    A well drilled across several tracts shares its production by an allocation formula, so the decimal is not always your acres over the unit acres. Ask the operator for the allocation formula and the tract factor for your land.

  • Worth asking

    A Rule 37 case is listed

    The RRC permit records list a Rule 37 case. This does not establish your royalty share. Ask for the permit and unit plat for your well.

Check your decimal on this lease
Permits for Parks-Coyote 1506 B
API numberWell no.Acreson the permit
42-329-450349HS1,294
42-329-432902HM1,294

SourceRailroad Commission drilling permits, Oct 3, 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 PARKS-COYOTE 1506 B
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20263453553,9005271,534$80.46$2.89
Jun 20261,6441,6639,9166,5321,873$84.81$3.15
May 20262,6032,57116,11613,1841,293$102.13$2.94
Apr 202671272212,6908,1273,084$100.32$2.77
Mar 202690791311,99110,548678$91.38$3.04
Feb 20261,5761,58212,36911,338459$64.51$3.62
Jan 20262,7942,80418,83817,546152$60.04$7.72
Dec 20253,3343,33419,11017,55112$57.97$4.26
Nov 20253,1303,12618,08414,4512,004$60.06$3.79
Oct 20253,2073,20416,01812,3302,048$60.89$3.19
Sep 20253,0973,09615,27610,4183,239$63.96$2.97
Aug 20253,0393,03918,35615,412951$64.86$2.91
Jul 20252,5622,58612,29210,393729$68.39$3.20
Jun 20253,4603,46516,50514,1541,037$68.17$3.02
May 20253,6853,67623,71322,23816$62.17$3.12
Apr 20253,4543,45223,17621,402238$63.54$3.42
Mar 20253,8673,86819,79818,1505$68.24$4.12
Feb 20253,7523,73718,35916,91241$71.53$4.19
Jan 20254,2174,24517,50215,906152$75.74$4.13
Dec 20244,5484,52016,18114,198382$70.12$3.01
Nov 20244,7614,75613,91012,045320$69.95$2.12
Oct 20244,8064,80221,34519,343472$71.99$2.20
Sep 20244,4904,49917,08314,822866$70.24$2.28
Aug 20244,7574,75318,35716,803188$76.68$1.99
Jul 20244,6074,61818,19916,473578$81.80$2.07
Jun 20245,9455,94914,98210,8083,103$79.77$2.54
May 20243,6683,6708,3336,685536$80.02$2.12
Apr 20245,4065,39511,0479,75436$85.35$1.60
Mar 20245,9765,97511,51110,18771$81.28$1.49
Feb 20245,8215,83915,83314,268235$77.25$1.72
Jan 20247,5677,58321,16318,7092,189$74.15$3.18
Dec 20238,1488,13720,84419,6451,119$71.90$2.52
Nov 20238,8248,83424,70122,5511,841$77.69$2.71
Oct 20239,4979,51425,21721,9871,949$85.64$2.98
Sep 202310,34210,34224,12322,649347$89.43$2.64
Aug 202311,63811,64326,38425,1621$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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Nearby

This lease belongs to

OperatorApache CorporationFieldSpraberry (Trend Area)CountyMidland County

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Spraberry (Trend Area) field

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