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Texas oil lease

Producing

REEF RUNNER STATE 162

Reef Runner State 162 is an oil lease in Ward County, Texas, operated by Apache Corporation in the Phantom (Wolfcamp) field.

4 wells

7,587bbl oil, last 12 months−46% vs prior year
RRC lease
08-43681

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Where it sits

This county

Ward CountyWardWinklerCraneLovingReevesEctorWard County
Ward County
Gas, last 12 months
9,403 mcf
Oil in Jul 2026
719 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 REEF RUNNER STATE 162, Aug 2023 to Jul 2026. Oil output fell 46% over the last 12 months. 7,587 bbl in the 12 months through Jul 2026, against 14,133 bbl in the 12 months before.Last 12 months: 7,587 bblbbl per monthmcf per month005005001,0001,0001,5001,5002,0002,0002,5002,500Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 46% over the last 12 monthsMonthly oil production and gas for REEF RUNNER STATE 162, Aug 2023 to Jul 2026. Oil output fell 46% over the last 12 months. 7,587 bbl in the 12 months through Jul 2026, against 14,133 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month005005001,0001,0001,5001,5002,0002,0002,5002,500Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

Since Jun 2025 the lease's gas goes to a transmission line instead of lease fuel

Flaring peaked at 19.9% of the gas in Jul 2026.

  • Processing plant (3)
  • Transmission line (2)
  • Lease fuel (1)
  • Flared (4)
Since Jun 2025 the lease's gas goes to a transmission line instead of lease fuelShare of REEF RUNNER STATE 162 gas by disposition code each month, Aug 2023 to Jul 2026. Since Jun 2025 the lease's gas goes to a transmission line instead of lease fuel. Flaring peaked at 19.9% of the gas in Jul 2026.Share of the lease’s gas by disposition code, per month0%50%100%Jun 2025: fuel to lineFlared 19.9%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Jun 2025 the lease's gas goes to a transmission line instead of lease fuelShare of REEF RUNNER STATE 162 gas by disposition code each month, Aug 2023 to Jul 2026. Since Jun 2025 the lease's gas goes to a transmission line instead of lease fuel. Flaring peaked at 19.9% of the gas in Jul 2026.Share of gas by disposition code0%50%100%Jun 25: fuel to lineFlared 19.9%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    92% · 8,639 mcf

  • Lease fuel (1)

    7.4% · 698 mcf

  • Flared (4)

    0.7% · 66 mcf

0.7% 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.

4 wells on this lease

Wells on REEF RUNNER STATE 162
API numberWell no.Status
42-475-358911HActive
42-475-365442HActive
42-475-365963HActive
42-475-36597H401BEActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Rio Energy International, Inc.OilGathers50Feb 1, 2025–
Enterprise Crude Oil LLCOilGathers25Feb 1, 2025–
Enterprise Crude Pipeline LLCOilGathers25Feb 1, 2025–
Energy Transfer CompanyCasinghead gasBuys50Feb 1, 2025–
Targa Midstream Services LLCCasinghead gasBuys50Feb 1, 2025–
Targa Midstream Services LLCCasinghead gasGathers100Apr 26, 2017–
Energy Transfer CompanyCasinghead gasBuys2Feb 13, 2017Feb 1, 2025
Targa Midstream Services LLCCasinghead gasBuys98Feb 13, 2017Feb 1, 2025
Enterprise Crude Oil LLCOilGathers10Jul 24, 2014Feb 1, 2025
Enterprise Crude Pipeline LLCOilGathers90Jul 24, 2014Feb 1, 2025

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

640 acres on the newest permit

7 wells are listed on this lease

Permits for Reef Runner State 162
API numberWell no.Acreson the permit
42-475-365963H640
42-475-36596H301BE640
42-475-36597H401BE640
42-475-365442H640
42-475-36544H201BE640
42-475-358911H640
42-475-35891H101BE640

SourceRailroad Commission drilling permits, Sep 26, 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 REEF RUNNER STATE 162
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Apache Corporation71969631625363$80.46$2.89
Jun 2026Apache Corporation6706642662651$84.81$3.15
May 2026Apache Corporation5855255195181$102.13$2.94
Apr 2026Apache Corporation5885345595581$100.32$2.77
Mar 2026Apache Corporation5004766276270$91.38$3.04
Feb 2026Apache Corporation2081715424860$64.51$3.62
Jan 2026Apache Corporation1681914674130$60.04$7.72
Dec 2025Apache Corporation1711,2028367790$57.97$4.26
Nov 2025Apache Corporation1,1461681,5091,2440$60.06$3.79
Oct 2025Apache Corporation9211,0422,2952,0290$60.89$3.19
Sep 2025Apache Corporation8127791,1821,1820$63.96$2.97
Aug 2025Apache Corporation1,0991,0562852850$64.86$2.91
Jul 2025Apache Corporation1,1341,2211,1791,1790$68.39$3.20
Jun 2025Apache Corporation1,0619601,1461,1460$68.17$3.02
May 2025Apache Corporation1,1171,037000$62.17$3.12
Apr 2025Apache Corporation428726000$63.54$3.42
Mar 2025Apache Corporation669515000$68.24$4.12
Feb 2025Apache Corporation1,2211,30024900$71.53$4.19
Jan 2025Apache Corporation1,2411,14127800$75.74$4.13
Dec 2024Apache Corporation1,4851,51227300$70.12$3.01
Nov 2024Apache Corporation1,4861,5001,1298680$69.95$2.12
Oct 2024Apache Corporation1,5691,5299306600$71.99$2.20
Sep 2024Apache Corporation1,3251,4601,5921,5920$70.24$2.28
Aug 2024Apache Corporation1,3971,4871,6101,6100$76.68$1.99
Jul 2024Callon Petroleum1,3621,4932252050$81.80$2.07
Jun 2024Callon Petroleum9518113513150$79.77$2.54
May 2024Callon Petroleum1,3301,5682612420$80.02$2.12
Apr 2024Callon Petroleum1,2491,0751,2831,1740$85.35$1.60
Mar 2024Callon Petroleum1,3141,2967096450$81.28$1.49
Feb 2024Callon Petroleum1,1521,1636966161$77.25$1.72
Jan 2024Callon Petroleum1,1491,1954442890$74.15$3.18
Dec 2023Callon Petroleum1,1901,1982791960$71.90$2.52
Nov 2023Callon Petroleum1,3091,3113392650$77.69$2.71
Oct 2023Callon Petroleum1,1851,1882451986$85.64$2.98
Sep 2023Callon Petroleum1,4271,3596335601$89.43$2.64
Aug 2023Callon Petroleum1,3741,5418137244$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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