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Texas oil lease

Producing

TORPEDO 1048 B

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

2 wells

66,400bbl oil, last 12 months+3% vs prior year
Operator
Apache Corporation
County
Upton County
Field
Spraberry (Trend Area) R 40 Exc
RRC lease
7C-20177

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Where it sits

This county

Upton CountyUptonMidlandCraneGlasscockReaganEctorUpton County
Upton County
Gas, last 12 months
123,647 mcf
Oil in Jul 2026
4,825 bbl

Production by month

Oil output held steady over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output held steady over the last 12 monthsMonthly oil production and gas for TORPEDO 1048 B, Aug 2023 to Jul 2026. Oil output held steady over the last 12 months. 66,400 bbl in the 12 months through Jul 2026, against 64,664 bbl in the 12 months before.Last 12 months: 66,400 bblbbl per monthmcf per month002,0005,0004,00010k6,00015k8,00020kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output held steady over the last 12 monthsMonthly oil production and gas for TORPEDO 1048 B, Aug 2023 to Jul 2026. Oil output held steady over the last 12 months. 66,400 bbl in the 12 months through Jul 2026, against 64,664 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002,0005,0004,00010k6,00015k8,00020kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

Since Nov 2023 the lease's gas goes to a processing plant instead of lease fuel

Flaring peaked at 8.1% of the gas in Oct 2024.

  • Processing plant (3)
  • Transmission line (2)
  • Lease fuel (1)
  • Flared (4)
Since Nov 2023 the lease's gas goes to a processing plant instead of lease fuelShare of TORPEDO 1048 B gas by disposition code each month, Aug 2023 to Jul 2026. Since Nov 2023 the lease's gas goes to a processing plant instead of lease fuel. Flaring peaked at 8.1% of the gas in Oct 2024.Share of the lease’s gas by disposition code, per month0%50%100%Nov 2023: fuel to plantFlared 8.1%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Nov 2023 the lease's gas goes to a processing plant instead of lease fuelShare of TORPEDO 1048 B gas by disposition code each month, Aug 2023 to Jul 2026. Since Nov 2023 the lease's gas goes to a processing plant instead of lease fuel. Flaring peaked at 8.1% of the gas in Oct 2024.Share of gas by disposition code0%50%100%Nov 23: fuel to plantFlared 8.1%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    88% · 109,336 mcf

  • Lease fuel (1)

    10% · 12,736 mcf

  • Transmission line (2)

    0.8% · 989 mcf

  • Flared (4)

    0.5% · 586 mcf

0.5% of the gas flared in the last 12 months. 5 months above 3%.

2 wells on this lease

Wells on TORPEDO 1048 B
API numberWell no.Status
42-461-4082311HMActive
42-461-408245HAActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%From
Medallion Operating Company, LLCOilGathers100Dec 4, 2018
Targa Pipeline Mid-Continent LLCCasinghead gasBuys100Dec 4, 2018
Targa Pipeline Mid-Continent LLCCasinghead gasGathers100Dec 4, 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 B
API numberWell no.Acreson the permit
42-461-4082311HM613.50
42-461-408245HA613.50

SourceRailroad Commission drilling permits, Sep 26, 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 B
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20264,8254,84114,93613,6943$80.46$2.89
Jun 20264,9044,89013,47912,37957$84.81$3.15
May 20265,2025,22813,79612,6397$102.13$2.94
Apr 20265,3215,31611,88510,7722$100.32$2.77
Mar 20265,8285,85510,9379,91748$91.38$3.04
Feb 20265,6355,5998,4747,53846$64.51$3.62
Jan 20265,0625,0619,5428,312150$60.04$7.72
Dec 20255,9955,98810,3199,22745$57.97$4.26
Nov 20255,4385,4317,8446,81547$60.06$3.79
Oct 20256,0206,0627,9316,7821$60.89$3.19
Sep 20256,4826,4388,0346,79547$63.96$2.97
Aug 20255,6885,6826,4705,455133$64.86$2.91
Jul 20255,8895,8826,3815,33364$68.39$3.20
Jun 20255,9065,9145,1824,07145$68.17$3.02
May 20255,4155,4395,5924,561131$62.17$3.12
Apr 20256,2156,1955,8564,693215$63.54$3.42
Mar 20255,7345,7004,9634,0301$68.24$4.12
Feb 20255,1775,1594,4683,55820$71.53$4.19
Jan 20255,4345,4493,3962,53019$75.74$4.13
Dec 20245,7795,7853,6652,5971$70.12$3.01
Nov 20245,4605,4413,4042,29521$69.95$2.12
Oct 20245,6695,6694,6443,233375$71.99$2.20
Sep 20245,4415,4173,7282,684113$70.24$2.28
Aug 20242,5452,5482,1951,99440$76.68$1.99
Jul 20242,7412,7335,8764,9680$81.80$2.07
Jun 20242,8882,8954,0453,1240$79.77$2.54
May 20243,6143,6164,4123,2220$80.02$2.12
Apr 20243,4953,4964,5263,3381$85.35$1.60
Mar 20244,9944,9904,1612,95635$81.28$1.49
Feb 20243,6253,6193,1392,28434$77.25$1.72
Jan 20244,4124,4873,3322,96236$74.15$3.18
Dec 20237,0127,3925,7244,742214$71.90$2.52
Nov 20232,8802,4421,8031,65488$77.69$2.71
Oct 20234724341,7168579$85.64$2.98
Sep 20237175597361$89.43$2.64
Aug 20236,9496,94315,27814,3501$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) R 40 ExcCountyUpton County

Apache Corporation in Upton County

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Spraberry (Trend Area) R 40 Exc field

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