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Texas oil lease

Producing

TORPEDO 1048 C

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

3 wells

48,752bbl oil, last 12 months−31% vs prior year
Operator
Apache Corporation
County
Upton County
Field
Spraberry (Trend Area) R 40 Exc
RRC lease
7C-20759

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Where it sits

This county

Upton CountyUptonMidlandCraneGlasscockReaganEctorUpton County
Upton County
Gas, last 12 months
235,713 mcf
Oil in Jul 2026
3,503 bbl

Production by month

Oil output fell 31% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 31% over the last 12 monthsMonthly oil production and gas for TORPEDO 1048 C, Aug 2023 to Jul 2026. Oil output fell 31% over the last 12 months. 48,752 bbl in the 12 months through Jul 2026, against 70,590 bbl in the 12 months before.Last 12 months: 48,752 bblbbl per monthmcf per month002,0005,0004,00010k6,00015k8,00020k10k25kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 31% over the last 12 monthsMonthly oil production and gas for TORPEDO 1048 C, Aug 2023 to Jul 2026. Oil output fell 31% over the last 12 months. 48,752 bbl in the 12 months through Jul 2026, against 70,590 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002,0005,0004,00010k6,00015k8,00020k10k25kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

Since Mar 2024 the lease's gas goes to a processing plant instead of lease fuel

Flaring peaked at 18.5% of the gas in Nov 2023.

  • Processing plant (3)
  • Transmission line (2)
  • Lease fuel (1)
  • Flared (4)
Since Mar 2024 the lease's gas goes to a processing plant instead of lease fuelShare of TORPEDO 1048 C gas by disposition code each month, Aug 2023 to Jul 2026. Since Mar 2024 the lease's gas goes to a processing plant instead of lease fuel. Flaring peaked at 18.5% of the gas in Nov 2023.Share of the lease’s gas by disposition code, per month0%50%100%Mar 2024: fuel to plantFlared 18.5%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Mar 2024 the lease's gas goes to a processing plant instead of lease fuelShare of TORPEDO 1048 C gas by disposition code each month, Aug 2023 to Jul 2026. Since Mar 2024 the lease's gas goes to a processing plant instead of lease fuel. Flaring peaked at 18.5% of the gas in Nov 2023.Share of gas by disposition code0%50%100%Mar 24: fuel to plantFlared 18.5%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    88% · 207,579 mcf

  • Lease fuel (1)

    11% · 26,249 mcf

  • Flared (4)

    0.5% · 1,190 mcf

  • Transmission line (2)

    0.3% · 695 mcf

0.5% of the gas flared in the last 12 months. 6 months above 3%.

3 wells on this lease

Wells on TORPEDO 1048 C
API numberWell no.Status
42-461-411879HLActive
42-461-411884HAActive
42-461-4119010HMActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%From
Medallion Operating Company, LLCOilGathers100Sep 1, 2019
Targa Pipeline Mid-Continent LLCCasinghead gasBuys100Sep 1, 2019
Targa Pipeline Mid-Continent LLCCasinghead gasGathers100Sep 1, 2019

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 C
API numberWell no.Acreson the permit
42-461-411879HL613.50
42-461-411884HA613.50
42-461-4119010HM613.50

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 C
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20263,5033,51021,93619,4875$80.46$2.89
Jun 20263,3333,32420,65618,237112$84.81$3.15
May 20263,5893,61021,75819,27114$102.13$2.94
Apr 20263,8073,80220,62618,3124$100.32$2.77
Mar 20264,0954,10821,02218,737102$91.38$3.04
Feb 20263,7353,72616,40114,36697$64.51$3.62
Jan 20263,9823,97919,37217,025291$60.04$7.72
Dec 20254,6214,61521,65419,25098$57.97$4.26
Nov 20254,1314,12618,37316,31598$60.06$3.79
Oct 20254,6194,64818,46016,1161$60.89$3.19
Sep 20254,8564,82718,21915,82794$63.96$2.97
Aug 20254,4814,48217,23615,331274$64.86$2.91
Jul 20254,9844,98320,37018,172149$68.39$3.20
Jun 20255,3195,31916,72114,415103$68.17$3.02
May 20254,4214,42913,57511,576266$62.17$3.12
Apr 20254,4924,48114,31011,911459$63.54$3.42
Mar 20254,3384,32313,91112,1291$68.24$4.12
Feb 20254,7674,75712,56410,56246$71.53$4.19
Jan 20255,8355,84813,27611,34947$75.74$4.13
Dec 20245,9445,97013,04410,8501$70.12$3.01
Nov 20247,1257,11812,62310,31848$69.95$2.12
Oct 20249,3209,31514,77611,798838$71.99$2.20
Sep 20248,4888,46610,5998,193270$70.24$2.28
Aug 20245,5575,5659,9327,501423$76.68$1.99
Jul 20246,1466,1299,1736,7070$81.80$2.07
Jun 20246,6586,67111,2998,9210$79.77$2.54
May 20247,6407,63511,4638,8210$80.02$2.12
Apr 20246,2716,2567,9945,7361$85.35$1.60
Mar 20246,4036,3674,7023,03847$81.28$1.49
Feb 20245795955932619$77.25$1.72
Jan 20244,1614,2222,3792,14924$74.15$3.18
Dec 20235,9005,9824,3363,253225$71.90$2.52
Nov 2023986930881427163$77.69$2.71
Oct 20231,3261,3734,8753,58415$85.64$2.98
Sep 20233,0713,04810,7068,6021$89.43$2.64
Aug 20235,4295,42419,27617,6121$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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