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Texas oil lease

Producing

TORPEDO 1048 A

Torpedo 1048 A is an oil lease in Upton County, Texas, operated by Apache Corporation in the Spraberry (Trend Area) R 40 Exc field.

3 wells

39,859bbl oil, last 12 months−33% vs prior year
Operator
Apache Corporation
County
Upton County
Field
Spraberry (Trend Area) R 40 Exc
RRC lease
7C-20156

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Where it sits

This county

Upton CountyUptonMidlandCraneGlasscockReaganEctorUpton County
Upton County
Gas, last 12 months
321,168 mcf
Oil in Jul 2026
3,305 bbl

Production by month

Oil output fell 33% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 33% over the last 12 monthsMonthly oil production and gas for TORPEDO 1048 A, Aug 2023 to Jul 2026. Oil output fell 33% over the last 12 months. 39,859 bbl in the 12 months through Jul 2026, against 59,921 bbl in the 12 months before.Last 12 months: 39,859 bblbbl per monthmcf per month002,50010k5,00020k7,50030k10k40kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 33% over the last 12 monthsMonthly oil production and gas for TORPEDO 1048 A, Aug 2023 to Jul 2026. Oil output fell 33% over the last 12 months. 39,859 bbl in the 12 months through Jul 2026, against 59,921 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002,50010k5,00020k7,50030k10k40kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

91% of the gas went to a processing plant in the last 12 months

Flaring peaked at 16.4% of the gas in Nov 2023.

  • Processing plant (3)
  • Transmission line (2)
  • Lease fuel (1)
  • Flared (4)
91% of the gas went to a processing plant in the last 12 monthsShare of TORPEDO 1048 A gas by disposition code each month, Aug 2023 to Jul 2026. 91% of the gas went to a processing plant in the last 12 months. Flaring peaked at 16.4% of the gas in Nov 2023.Share of the lease’s gas by disposition code, per month0%50%100%Flared 16.4%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
91% of the gas went to a processing plant in the last 12 monthsShare of TORPEDO 1048 A gas by disposition code each month, Aug 2023 to Jul 2026. 91% of the gas went to a processing plant in the last 12 months. Flaring peaked at 16.4% of the gas in Nov 2023.Share of gas by disposition code0%50%100%Flared 16.4%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    91% · 292,258 mcf

  • Lease fuel (1)

    8.4% · 27,021 mcf

  • Flared (4)

    0.4% · 1,395 mcf

  • Transmission line (2)

    0.2% · 494 mcf

0.4% of the gas flared in the last 12 months. 3 months above 3%.

3 wells on this lease

Wells on TORPEDO 1048 A
API numberWell no.Status
42-461-408218HLActive
42-461-408222HUActive
42-461-411913HAActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%From
Medallion Operating Company, LLCOilGathers100Nov 30, 2018
Targa Pipeline Mid-Continent LLCCasinghead gasBuys100Nov 30, 2018
Targa Pipeline Mid-Continent LLCCasinghead gasGathers100Nov 30, 2018

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

Who buys my oilOil price check

613.50 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 Torpedo 1048 A
API numberWell no.Acreson the permit
42-461-411913HA613.50
42-461-408218HL613.50
42-461-408222HU613.50

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 TORPEDO 1048 A
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20263,3053,28726,80224,4205$80.46$2.89
Jun 20262,1552,14422,41720,180109$84.81$3.15
May 20262,0502,07125,12022,79314$102.13$2.94
Apr 20262,5402,56124,61522,2754$100.32$2.77
Mar 20263,8283,83729,17626,678120$91.38$3.04
Feb 20263,4123,39524,36022,186114$64.51$3.62
Jan 20263,2573,26027,39124,982327$60.04$7.72
Dec 20254,0464,03933,22430,766113$57.97$4.26
Nov 20253,5573,55025,54623,401112$60.06$3.79
Oct 20253,8113,83827,13824,6571$60.89$3.19
Sep 20254,1194,09428,51725,874115$63.96$2.97
Aug 20253,7793,78326,86224,540361$64.86$2.91
Jul 20254,3824,37129,66527,365172$68.39$3.20
Jun 20254,0294,03726,91424,958107$68.17$3.02
May 20253,8223,83726,43423,931375$62.17$3.12
Apr 20254,3204,31328,66225,885606$63.54$3.42
Mar 20254,3774,35827,74025,5721$68.24$4.12
Feb 20254,4104,39625,98823,72361$71.53$4.19
Jan 20254,8904,90322,57320,27962$75.74$4.13
Dec 20245,1995,21423,67621,1161$70.12$3.01
Nov 20245,6315,62823,92021,40359$69.95$2.12
Oct 20247,5837,57829,26425,7791,094$71.99$2.20
Sep 20246,8486,82922,30619,719333$70.24$2.28
Aug 20244,4304,44420,80817,990557$76.68$1.99
Jul 20245,5855,56921,65319,5200$81.80$2.07
Jun 20245,9285,93717,61315,9280$79.77$2.54
May 20246,5156,52013,11911,2290$80.02$2.12
Apr 20246,4386,43710,8199,3771$85.35$1.60
Mar 20248,7548,7427,8896,65347$81.28$1.49
Feb 20245,7785,7666,8485,12077$77.25$1.72
Jan 20246,5556,6506,5605,84773$74.15$3.18
Dec 20239,1969,4787,2925,080459$71.90$2.52
Nov 20232,4712,3681,617914265$77.69$2.71
Oct 20233,7843,78511,4609,72023$85.64$2.98
Sep 20236,0925,94424,44321,9062$89.43$2.64
Aug 20236,5346,47826,11024,9921$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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This lease belongs to

OperatorApache CorporationFieldSpraberry (Trend Area) R 40 ExcCountyUpton County

Apache Corporation in Upton County

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Spraberry (Trend Area) R 40 Exc field

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