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Texas oil lease

Producing

SEARLS 34-115

Searls 34-115 is an oil lease in Ward County, Texas, operated by Apache Corporation in the Phantom (Wolfcamp) field.

2 wells

362bbl oil, last 12 months−77% vs prior year
RRC lease
08-39431

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Where it sits

This county

Ward CountyWardWinklerCraneLovingReevesEctorWard County
Ward County
Gas, last 12 months
3,472 mcf
Oil in Jul 2026
15 bbl

Checks stopped on this lease?

  • Sales

    No sales reported for the last 5 months of state data (through Jul 2026).

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

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Production by month

Oil output fell 77% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 77% over the last 12 monthsMonthly oil production and gas for SEARLS 34-115, Aug 2023 to Jul 2026. Oil output fell 77% over the last 12 months. 362 bbl in the 12 months through Jul 2026, against 1,544 bbl in the 12 months before.Last 12 months: 362 bblbbl per monthmcf per month001001,0002002,0003003,0004004,0005005,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 77% over the last 12 monthsMonthly oil production and gas for SEARLS 34-115, Aug 2023 to Jul 2026. Oil output fell 77% over the last 12 months. 362 bbl in the 12 months through Jul 2026, against 1,544 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month001001,0002002,0003003,0004004,0005005,000Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

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

Flaring peaked at 100.0% of the gas in Jan 2024.

  • Processing plant (3)
  • Transmission line (2)
  • Lease fuel (1)
  • Flared (4)
Since Mar 2026 the lease's gas goes to a transmission line instead of lease fuelShare of SEARLS 34-115 gas by disposition code each month, Aug 2023 to Jul 2026. Since Mar 2026 the lease's gas goes to a transmission line instead of lease fuel. Flaring peaked at 100.0% of the gas in Jan 2024.Share of the lease’s gas by disposition code, per month0%50%100%Mar 2026: fuel to lineFlared 100.0%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Mar 2026 the lease's gas goes to a transmission line instead of lease fuelShare of SEARLS 34-115 gas by disposition code each month, Aug 2023 to Jul 2026. Since Mar 2026 the lease's gas goes to a transmission line instead of lease fuel. Flaring peaked at 100.0% of the gas in Jan 2024.Share of gas by disposition code0%50%100%Mar 26: fuel to lineFlared 100.0%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    86% · 5,326 mcf

  • Lease fuel (1)

    14% · 856 mcf

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.

2 wells on this lease

Wells on SEARLS 34-115
API numberWell no.Status
42-475-354671HActive
42-475-367372HActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%From
Enterprise Crude Oil LLCOilGathers100Oct 1, 2011
Targa Midstream Services LLCCasinghead gasBuys100Oct 1, 2011
Targa Midstream Services LLCCasinghead gasGathers100Oct 1, 2011

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

323.50 acres on the newest permit

Permits for Searls 34-115
API numberWell no.Acreson the permit
42-475-367372H323.50
42-475-354671H323.50

SourceRailroad Commission drilling permits, Oct 3, 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 SEARLS 34-115
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Apache Corporation15022220$80.46$2.89
Jun 2026Apache Corporation13035350$84.81$3.15
May 2026Apache Corporation14031310$102.13$2.94
Apr 2026Apache Corporation00000$100.32$2.77
Mar 2026Apache Corporation50770$91.38$3.04
Feb 2026Apache Corporation1920784140$64.51$3.62
Jan 2026Apache Corporation607620$60.04$7.72
Dec 2025Apache Corporation3260357350$57.97$4.26
Nov 2025Apache Corporation1700251120$60.06$3.79
Oct 2025Apache Corporation26340213620$60.89$3.19
Sep 2025Apache Corporation6202242240$63.96$2.97
Aug 2025Apache Corporation002,1722,1720$64.86$2.91
Jul 2025Apache Corporation7902,7102,7100$68.39$3.20
Jun 2025Apache Corporation136891621620$68.17$3.02
May 2025Apache Corporation18081810$62.17$3.12
Apr 2025Apache Corporation72061610$63.54$3.42
Mar 2025Apache Corporation761831131130$68.24$4.12
Feb 2025Apache Corporation7205112310$71.53$4.19
Jan 2025Apache Corporation1161177223890$75.74$4.13
Dec 2024Apache Corporation1451248614480$70.12$3.01
Nov 2024Apache Corporation1352538564560$69.95$2.12
Oct 2024Apache Corporation1474478484080$71.99$2.20
Sep 2024Apache Corporation1241495295290$70.24$2.28
Aug 2024Apache Corporation4241494844840$76.68$1.99
Jul 2024Callon Petroleum20902312310$81.80$2.07
Jun 2024Callon Petroleum2112822212210$79.77$2.54
May 2024Callon Petroleum1371251401400$80.02$2.12
Apr 2024Callon Petroleum2032741191190$85.35$1.60
Mar 2024Callon Petroleum1762032502500$81.28$1.49
Feb 2024Callon Petroleum129175346245101$77.25$1.72
Jan 2024Callon Petroleum167942040204$74.15$3.18
Dec 2023Callon Petroleum271275000$71.90$2.52
Nov 2023Callon Petroleum1101013153080$77.69$2.71
Oct 2023Callon Petroleum1721811321320$85.64$2.98
Sep 2023Callon Petroleum1271792111990$89.43$2.64
Aug 2023Callon Petroleum19018487870$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

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