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Texas oil lease

Producing

RAG RUN SOUTH

Rag Run South is an oil lease in Ward County, Texas, operated by Apache Corporation in the Phantom (Wolfcamp) field.

1 well

7,184bbl oil, last 12 months+28% vs prior year
Operator
Apache Corporation
County
Ward County
Field
Phantom (Wolfcamp)
RRC lease
08-53351

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Where it sits

This county

Ward CountyWardWinklerCraneLovingReevesEctorWard County
Ward County
Gas, last 12 months
12,600 mcf
Oil in Jul 2026
868 bbl

Production by month

Oil output rose 28% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output rose 28% over the last 12 monthsMonthly oil production and gas for RAG RUN SOUTH, Aug 2023 to Jul 2026. Oil output rose 28% over the last 12 months. 7,184 bbl in the 12 months through Jul 2026, against 5,631 bbl in the 12 months before.Last 12 months: 7,184 bblbbl per monthmcf per month002505,00050010k75015k1,00020k1,25025kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output rose 28% over the last 12 monthsMonthly oil production and gas for RAG RUN SOUTH, Aug 2023 to Jul 2026. Oil output rose 28% over the last 12 months. 7,184 bbl in the 12 months through Jul 2026, against 5,631 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002505,00050010k75015k1,00020k1,25025kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

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

Flaring peaked at 65.1% of the gas in Oct 2024.

  • Processing plant (3)
  • Transmission line (2)
  • Lease fuel (1)
  • Flared (4)
Since Jan 2026 the lease's gas goes to a transmission line instead of lease fuelShare of RAG RUN SOUTH gas by disposition code each month, Aug 2023 to Jul 2026. Since Jan 2026 the lease's gas goes to a transmission line instead of lease fuel. Flaring peaked at 65.1% of the gas in Oct 2024.Share of the lease’s gas by disposition code, per month0%50%100%Jan 2026: fuel to lineFlared 65.1%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Jan 2026 the lease's gas goes to a transmission line instead of lease fuelShare of RAG RUN SOUTH gas by disposition code each month, Aug 2023 to Jul 2026. Since Jan 2026 the lease's gas goes to a transmission line instead of lease fuel. Flaring peaked at 65.1% of the gas in Oct 2024.Share of gas by disposition code0%50%100%Jan 26: fuel to lineFlared 65.1%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    98% · 12,378 mcf

  • Lease fuel (1)

    1.4% · 182 mcf

  • Flared (4)

    0.3% · 40 mcf

0.3% of the gas flared in the last 12 months. One month 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.

1 well on this lease

Wells on RAG RUN SOUTH
API numberWell no.Status
42-475-3785919HActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Medallion Operating Company, LLCOilGathers50Jan 1, 2025–
Plains Pipeline L.p.OilGathers50Jan 1, 2025–
Brazos Midstream Operating, LLCCasinghead gasBuys100Jul 23, 2019–
Brazos Midstream Operating, LLCCasinghead gasGathers100Jul 23, 2019–
Medallion Operating Company, LLCOilGathers90Jul 23, 2019Jan 1, 2025
Rio Energy International, Inc.OilGathers10Jul 23, 2019Jan 1, 2025

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

Who buys my oilOil price check

507.97 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 Rag Run South
API numberWell no.Acreson the permit
42-475-3785919H507.97

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 RAG RUN SOUTH
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Apache Corporation8688611,9951,97817$80.46$2.89
Jun 2026Apache Corporation5255091,7811,7774$84.81$3.15
May 2026Apache Corporation4884761,6081,6080$102.13$2.94
Apr 2026Apache Corporation3293401,1531,1521$100.32$2.77
Mar 2026Apache Corporation5795761,8331,8330$91.38$3.04
Feb 2026Apache Corporation4324376225961$64.51$3.62
Jan 2026Apache Corporation57263785280017$60.04$7.72
Dec 2025Apache Corporation1,1031,0736600$57.97$4.26
Nov 2025Apache Corporation9348795905370$60.06$3.79
Oct 2025Apache Corporation561192482450$60.89$3.19
Sep 2025Apache Corporation8027621,6861,6860$63.96$2.97
Aug 2025Apache Corporation4964731661660$64.86$2.91
Jul 2025Apache Corporation37371761760$68.39$3.20
Jun 2025Apache Corporation353467670$68.17$3.02
May 2025Apache Corporation3132000$62.17$3.12
Apr 2025Apache Corporation3371000$63.54$3.42
Mar 2025Apache Corporation525574000$68.24$4.12
Feb 2025Apache Corporation7807672,0341,9830$71.53$4.19
Jan 2025Apache Corporation6736483,6223,5800$75.74$4.13
Dec 2024Apache Corporation6816688,4658,4350$70.12$3.01
Nov 2024Apache Corporation6045982900$69.95$2.12
Oct 2024Apache Corporation68067583054$71.99$2.20
Sep 2024Apache Corporation78278213,85513,82629$70.24$2.28
Aug 2024Apache Corporation77077210,20010,2000$76.68$1.99
Jul 2024Callon Petroleum70971110,25410,21044$81.80$2.07
Jun 2024Callon Petroleum6536376,7996,7923$79.77$2.54
May 2024Callon Petroleum4093994,3954,3848$80.02$2.12
Apr 2024Callon Petroleum2625000$85.35$1.60
Mar 2024Callon Petroleum0131,3571,32829$81.28$1.49
Feb 2024Callon Petroleum6636661,6871,6832$77.25$1.72
Jan 2024Callon Petroleum7927921,7271,7220$74.15$3.18
Dec 2023Callon Petroleum8608611,9851,9800$71.90$2.52
Nov 2023Callon Petroleum8498531,8531,8417$77.69$2.71
Oct 2023Callon Petroleum1,0001,0052,1022,04551$85.64$2.98
Sep 2023Callon Petroleum1,1881,1832,5532,5433$89.43$2.64
Aug 2023Callon Petroleum9389452,3932,3870$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 CorporationFieldPhantom (Wolfcamp)CountyWard County

Apache Corporation in Ward County

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Phantom (Wolfcamp) field

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