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Texas oil lease

Producing

ZPZ FEE 5406

ZPZ Fee 5406 is an oil lease in Upton County, Texas, operated by Apache Corporation in the Spraberry (Trend Area) field.

4 wells

450,087bbl oil, last 12 months
RRC lease
7C-23061

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Where it sits

This county

Upton CountyUptonMidlandCraneGlasscockReaganEctorUpton County
Upton County
Gas, last 12 months
927,170 mcf
Oil in Jul 2026
25,661 bbl

Production by month

Oil output rose 33% since May 2025

  • Oil (bars)
  • Gas (line)
Oil output rose 33% since May 2025Monthly oil production and gas for ZPZ FEE 5406, May 2025 to Jul 2026. Oil output rose 33% since May 2025. Monthly average of 27,564 bbl in the latest 3 months, against 20,765 bbl in the first 3.bbl per monthmcf per month0010k25k20k50k30k75k40k100k50k125kJul 25OctJan 26AprJul
Oil output rose 33% since May 2025Monthly oil production and gas for ZPZ FEE 5406, May 2025 to Jul 2026. Oil output rose 33% since May 2025. Monthly average of 27,564 bbl in the latest 3 months, against 20,765 bbl in the first 3.bbl per monthmcf per month0010k25k20k50k30k75k40k100k50k125kJul 25Jan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

96% of the gas went to a transmission line in the last 12 months

Flaring peaked at 100.0% of the gas in May 2025.

  • Transmission line (2)
  • Lease fuel (1)
  • Flared (4)
96% of the gas went to a transmission line in the last 12 monthsShare of ZPZ FEE 5406 gas by disposition code each month, May 2025 to Jul 2026. 96% of the gas went to a transmission line in the last 12 months. Flaring peaked at 100.0% of the gas in May 2025.Share of the lease’s gas by disposition code, per month0%50%100%Flared 100.0%Jul 25OctJan 26AprJul
96% of the gas went to a transmission line in the last 12 monthsShare of ZPZ FEE 5406 gas by disposition code each month, May 2025 to Jul 2026. 96% of the gas went to a transmission line in the last 12 months. Flaring peaked at 100.0% of the gas in May 2025.Share of gas by disposition code0%50%100%Flared 100.0%Jul 25Jan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    96% · 888,396 mcf

  • Lease fuel (1)

    4.1% · 37,960 mcf

  • Flared (4)

    0.1% · 814 mcf

0.1% of the gas flared in the last 12 months. One month above 3%.

4 wells on this lease

Wells on ZPZ FEE 5406
API numberWell no.Status
42-461-429291HUActive
42-461-429302HUActive
42-461-429313HUActive
42-461-429324HUActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%From
Medallion Operating Company, LLCOilGathers100May 21, 2025
Targa Pipeline Mid-Continent LLCCasinghead gasBuys100May 21, 2025
Targa Pipeline Mid-Continent LLCCasinghead gasGathers100May 21, 2025

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

1,287.08 acres on the newest permit

Permits for ZPZ Fee 5406
API numberWell no.Acreson the permit
42-461-429291HU1,287.08
42-461-429302HU1,287.08
42-461-429313HU1,287.08
42-461-429324HU1,287.08

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

15 months, newest first

Ledger for ZPZ FEE 5406
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 202625,66125,614109,184104,593252$80.46$2.89
Jun 202626,58826,624102,64998,40183$84.81$3.15
May 202630,44230,453112,740108,45581$102.13$2.94
Apr 202634,13034,161117,766113,32550$100.32$2.77
Mar 202639,58439,532114,933111,04584$91.38$3.04
Feb 202635,49435,52069,25366,95750$64.51$3.62
Jan 202638,35738,52475,36573,031126$60.04$7.72
Dec 202547,06447,05374,49271,66734$57.97$4.26
Nov 202547,29647,29653,18350,66914$60.06$3.79
Oct 202546,23146,18937,04234,52125$60.89$3.19
Sep 202540,74740,74730,00827,5887$63.96$2.97
Aug 202538,49338,54030,55528,1448$64.86$2.91
Jul 202535,96635,89929,82127,42527$68.39$3.20
Jun 202524,59124,46020,16717,807561$68.17$3.02
May 20251,7371,3786740674$62.17$3.12

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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