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Texas oil lease

Producing

SAU 32-4

Sau 32-4 is an oil lease in Reagan County, Texas, operated by Apache Corporation in the Spraberry (Trend Area) field.

5 wells

706bbl oil, last 12 months−26% vs prior year
Operator
Apache Corporation
County
Reagan County
Field
Spraberry (Trend Area)
RRC lease
7C-16585

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Where it sits

This county

Reagan CountyReaganIrionSterlingUptonMidlandGlasscockReagan County
Reagan County
Gas, last 12 months
10,792 mcf
Oil in Jul 2026
15 bbl

Checks stopped on this lease?

  • Sales

    Sales over the last 3 months fell to 19% of the 9 months before.

SourceRailroad Commission production, P-5 and P-4 records, data through Jul 2026.

See why checks stop on this lease

Production by month

Oil output fell 26% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 26% over the last 12 monthsMonthly oil production and gas for SAU 32-4, Aug 2023 to Jul 2026. Oil output fell 26% over the last 12 months. 706 bbl in the 12 months through Jul 2026, against 956 bbl in the 12 months before.Last 12 months: 706 bblbbl per monthmcf per month00505001001,0001501,5002002,0002502,500Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 26% over the last 12 monthsMonthly oil production and gas for SAU 32-4, Aug 2023 to Jul 2026. Oil output fell 26% over the last 12 months. 706 bbl in the 12 months through Jul 2026, against 956 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month00505001001,0001501,5002002,0002502,500Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

98% of the gas went to a processing plant in the last 12 months

Flaring peaked at 16.5% of the gas in Jul 2026.

  • Processing plant (3)
  • Flared (4)
98% of the gas went to a processing plant in the last 12 monthsShare of SAU 32-4 gas by disposition code each month, Aug 2023 to Jul 2026. 98% of the gas went to a processing plant in the last 12 months. Flaring peaked at 16.5% of the gas in Jul 2026.Share of the lease’s gas by disposition code, per month0%50%100%Flared 16.5%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
98% of the gas went to a processing plant in the last 12 monthsShare of SAU 32-4 gas by disposition code each month, Aug 2023 to Jul 2026. 98% of the gas went to a processing plant in the last 12 months. Flaring peaked at 16.5% of the gas in Jul 2026.Share of gas by disposition code0%50%100%Flared 16.5%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    98% · 10,628 mcf

  • Flared (4)

    1.5% · 164 mcf

1.5% of the gas flared in the last 12 months. One month above 3%.

5 wells on this lease

Wells on SAU 32-4
API numberWell no.Status
42-383-001174DShut-in
42-383-360774AShut-in
42-383-360934Shut-in
42-383-380504BActive
42-383-392094CActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%From
Plains Marketing, L.p.OilGathers100Jul 1, 2013
Energy Transfer CompanyCasinghead gasBuys100Sep 12, 2014
Apache CorporationCasinghead gasGathers100Dec 1, 2010

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

Who buys my oilOil price check

160 acres on the newest permit

  • Good to know

    The wells on this lease state different acreage

    The permits state between 40 and 160 acres. Use the acres from your own division order for the well you are paid on.

  • 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 Sau 32-4
API numberWell no.Acreson the permit
42-383-392094C160
42-383-380504B60
42-383-36093440
42-383-360774A80
42-383-001174D–

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 SAU 32-4
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20261515788658130$80.46$2.89
Jun 2026131374773611$84.81$3.15
May 202619197777689$102.13$2.94
Apr 202622217547540$100.32$2.77
Mar 202618186676670$91.38$3.04
Feb 20260436836830$64.51$3.62
Jan 20261091239529520$60.04$7.72
Dec 202511314595994811$57.97$4.26
Nov 2025109949499463$60.06$3.79
Oct 2025108781,1981,1980$60.89$3.19
Sep 202595921,1631,1630$63.96$2.97
Aug 2025851131,1551,1550$64.86$2.91
Jul 2025521017807800$68.39$3.20
Jun 20252171038498490$68.17$3.02
May 2025009469460$62.17$3.12
Apr 20250639879870$63.54$3.42
Mar 20252601,0871,0870$68.24$4.12
Feb 2025991891,0591,0590$71.53$4.19
Jan 2025100979639630$75.74$4.13
Dec 20241031209869860$70.12$3.01
Nov 20249808918910$69.95$2.12
Oct 2024911401,2021,2020$71.99$2.20
Sep 2024771301,2081,2080$70.24$2.28
Aug 20249301,4091,4090$76.68$1.99
Jul 2024921401,3291,3290$81.80$2.07
Jun 2024981371,3681,3680$79.77$2.54
May 20241121371,3651,3650$80.02$2.12
Apr 202410701,3121,3120$85.35$1.60
Mar 20241121321,4061,4060$81.28$1.49
Feb 2024841151,1951,1950$77.25$1.72
Jan 20241081401,2581,2580$74.15$3.18
Dec 202311901,4671,4670$71.90$2.52
Nov 20231071371,3101,3100$77.69$2.71
Oct 20231071421,4331,4330$85.64$2.98
Sep 20231141471,4281,4280$89.43$2.64
Aug 20231141551,5291,5290$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)CountyReagan County

Apache Corporation in Reagan County

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Spraberry (Trend Area) field

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