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Texas oil lease

Producing

PARKS-COYOTE 1506 E

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

3 wells

55,093bbl oil, last 12 months−46% vs prior year
Operator
Apache Corporation
County
Midland County
Field
Spraberry (Trend Area)
RRC lease
08-53235

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Where it sits

This county

Midland CountyMidlandMartinAndrewsGlasscockHowardEctorMidland County
Midland County
Gas, last 12 months
315,034 mcf
Oil in Jul 2026
5,996 bbl

Production by month

Oil output fell 46% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 46% over the last 12 monthsMonthly oil production and gas for PARKS-COYOTE 1506 E, Aug 2023 to Jul 2026. Oil output fell 46% over the last 12 months. 55,093 bbl in the 12 months through Jul 2026, against 102,776 bbl in the 12 months before.Last 12 months: 55,093 bblbbl per monthmcf per month0010k20k20k40k30k60k40k80kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 46% over the last 12 monthsMonthly oil production and gas for PARKS-COYOTE 1506 E, Aug 2023 to Jul 2026. Oil output fell 46% over the last 12 months. 55,093 bbl in the 12 months through Jul 2026, against 102,776 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month0010k20k20k40k30k60k40k80kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

86% of the gas went to a transmission line in the last 12 months

Flaring peaked at 19.8% of the gas in Apr 2026.

  • Processing plant (3)
  • Transmission line (2)
  • Lease fuel (1)
  • Flared (4)
86% of the gas went to a transmission line in the last 12 monthsShare of PARKS-COYOTE 1506 E gas by disposition code each month, Aug 2023 to Jul 2026. 86% of the gas went to a transmission line in the last 12 months. Flaring peaked at 19.8% of the gas in Apr 2026.Share of the lease’s gas by disposition code, per month0%50%100%Flared 19.8%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
86% of the gas went to a transmission line in the last 12 monthsShare of PARKS-COYOTE 1506 E gas by disposition code each month, Aug 2023 to Jul 2026. 86% of the gas went to a transmission line in the last 12 months. Flaring peaked at 19.8% of the gas in Apr 2026.Share of gas by disposition code0%50%100%Flared 19.8%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    86% · 269,741 mcf

  • Flared (4)

    7.3% · 23,075 mcf

  • Lease fuel (1)

    6.7% · 20,981 mcf

  • Processing plant (3)

    0.4% · 1,237 mcf

7.3% of the gas flared in the last 12 months. 18 months above 3%.

3 wells on this lease

Wells on PARKS-COYOTE 1506 E
API numberWell no.Status
42-329-432935HMActive
42-329-4503912HSActive
42-329-4504018HJActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Medallion Operating Company, LLCOilGathers100Jul 23, 2019–
Ent Navitas Mdstrm Mdlnd Bas LLCCasinghead gasBuys100Jun 1, 2023–
Ent Navitas Mdstrm Mdlnd Bas LLCCasinghead gasGathers100Jun 1, 2023–
Navitas Mdstr Midland Basin, LLCCasinghead gasGathers100Jul 23, 2019Jun 1, 2023
Navitas Mdstr Midland Basin, LLCCasinghead gasBuys100Jul 23, 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 E
API numberWell no.Acreson the permit
42-329-4503912HS1,294
42-329-4504018HJ1,294
42-329-432935HM1,294

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 E
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20265,9965,97223,94520,3591,916$80.46$2.89
Jun 20262,4132,42713,4939,3692,310$84.81$3.15
May 20262,7652,73120,57417,3261,472$102.13$2.94
Apr 202690095120,20514,4473,992$100.32$2.77
Mar 20264,8544,83918,29414,6071,539$91.38$3.04
Feb 20263,5483,54321,86619,2441,046$64.51$3.62
Jan 20264,0034,03327,46226,138178$60.04$7.72
Dec 20256,3436,34534,70532,68222$57.97$4.26
Nov 20256,1696,15132,84428,3962,627$60.06$3.79
Oct 20255,0755,07827,00622,5382,610$60.89$3.19
Sep 20256,0836,08930,50224,6474,171$63.96$2.97
Aug 20256,9446,95544,13841,2251,192$64.86$2.91
Jul 20257,1027,13440,51137,6671,321$68.39$3.20
Jun 20256,9867,00737,80833,9611,817$68.17$3.02
May 20258,2188,20745,42843,16327$62.17$3.12
Apr 20258,3568,33651,87149,020436$63.54$3.42
Mar 20257,9537,94156,44253,82110$68.24$4.12
Feb 20256,4876,46441,44239,13474$71.53$4.19
Jan 20257,8717,93443,12840,581279$75.74$4.13
Dec 20249,2539,19269,59666,177874$70.12$3.01
Nov 20249,0299,02467,67764,418768$69.95$2.12
Oct 202410,12410,11776,56473,0041,070$71.99$2.20
Sep 20249,7299,75557,06652,9561,843$70.24$2.28
Aug 202411,66811,66359,86757,169409$76.68$1.99
Jul 202412,23512,24644,21641,2281,093$81.80$2.07
Jun 202412,74612,81540,64632,8995,995$79.77$2.54
May 202413,58113,54639,21335,7911,305$80.02$2.12
Apr 202414,29014,25433,22630,97872$85.35$1.60
Mar 202414,22914,20328,96126,617138$81.28$1.49
Feb 20249,1959,23823,00721,337273$77.25$1.72
Jan 202414,11614,15838,41335,4902,670$74.15$3.18
Dec 202316,98616,97051,98850,2471,662$71.90$2.52
Nov 202319,60519,63453,27150,3492,617$77.69$2.71
Oct 202321,96422,01257,81553,7092,833$85.64$2.98
Sep 202325,17625,17860,78859,133532$89.43$2.64
Aug 202328,43528,43262,28961,1041$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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