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Texas oil lease

Producing

ZPZ FEE

ZPZ Fee is an oil lease in Upton County, Texas, operated by Apache Corporation in the Square Top (Barn-Wood) field.

3 wells

3,601bbl oil, last 12 months−22% vs prior year
RRC lease
7C-19275

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Where it sits

This county

Upton CountyUptonMidlandCraneGlasscockReaganEctorUpton County
Upton County
Gas, last 12 months
11,453 mcf
Oil in Jul 2026
349 bbl

Production by month

Oil output fell 22% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 22% over the last 12 monthsMonthly oil production and gas for ZPZ FEE, Aug 2023 to Jul 2026. Oil output fell 22% over the last 12 months. 3,601 bbl in the 12 months through Jul 2026, against 4,629 bbl in the 12 months before.Last 12 months: 3,601 bblbbl per monthmcf per month002505005001,0007501,5001,0002,0001,2502,500Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 22% over the last 12 monthsMonthly oil production and gas for ZPZ FEE, Aug 2023 to Jul 2026. Oil output fell 22% over the last 12 months. 3,601 bbl in the 12 months through Jul 2026, against 4,629 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002505005001,0007501,5001,0002,0001,2502,500Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

88% of the gas went to a transmission line in the last 12 months

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

  • Transmission line (2)
  • Flared (4)
88% of the gas went to a transmission line in the last 12 monthsShare of ZPZ FEE gas by disposition code each month, Aug 2023 to Jul 2026. 88% of the gas went to a transmission line in the last 12 months. Flaring peaked at 100.0% of the gas in Jun 2025.Share of the lease’s gas by disposition code, per month0%50%100%Flared 100.0%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
88% of the gas went to a transmission line in the last 12 monthsShare of ZPZ FEE gas by disposition code each month, Aug 2023 to Jul 2026. 88% of the gas went to a transmission line in the last 12 months. Flaring peaked at 100.0% of the gas in Jun 2025.Share of gas by disposition code0%50%100%Flared 100.0%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    88% · 10,108 mcf

  • Flared (4)

    12% · 1,345 mcf

11.7% of the gas flared in the last 12 months. 10 months above 3%.

3 wells on this lease

Wells on ZPZ FEE
API numberWell no.Status
42-461-38939601HShut-in
42-461-39829602HActive
42-461-398301501HActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Enterprise Crude Oil LLCOilGathers100May 1, 2025–
Apache CorporationCasinghead gasBuys100Mar 1, 2019–
Apache CorporationCasinghead gasGathers100Mar 1, 2019–
Plains Marketing, L.p.OilGathers100Mar 1, 2019May 1, 2025
Enlink Crude Purchasing LLCOilGathers100Mar 1, 2018Mar 1, 2019

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

5,421.50 acres on the newest permit

  • 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 ZPZ Fee
API numberWell no.Acreson the permit
42-461-39829602H5,421.50
42-461-398301501H5,421.50
42-461-38939601H5,421.50

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 ZPZ FEE
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20263493501,0251,0250$80.46$2.89
Jun 202634634993990237$84.81$3.15
May 20263913561,2761,2724$102.13$2.94
Apr 20262673501,1091,09910$100.32$2.77
Mar 2026289186890655235$91.38$3.04
Feb 20263243559369342$64.51$3.62
Jan 2026250183750579171$60.04$7.72
Dec 20252743579028993$57.97$4.26
Nov 20252691759509491$60.06$3.79
Oct 20253013511,0121,0102$60.89$3.19
Sep 2025276174906784122$63.96$2.97
Aug 20252653497580758$64.86$2.91
Jul 20253473578760876$68.39$3.20
Jun 20252523466190619$68.17$3.02
May 2025325169881537344$62.17$3.12
Apr 202533136785383221$63.54$3.42
Mar 20253663718808782$68.24$4.12
Feb 20253643697867851$71.53$4.19
Jan 20251,0501,1231,1881,1862$75.74$4.13
Dec 20241901859139121$70.12$3.01
Nov 20242841851,02499430$69.95$2.12
Oct 2024348369836258578$71.99$2.20
Sep 20243633681,1091,1072$70.24$2.28
Aug 20244093681,1121,1111$76.68$1.99
Jul 20243764079969942$81.80$2.07
Jun 20243273321,0931,0912$79.77$2.54
May 20243693691,0541,0513$80.02$2.12
Apr 20243723729329302$85.35$1.60
Mar 20244163749379307$81.28$1.49
Feb 20243615647837794$77.25$1.72
Jan 2024434377875361514$74.15$3.18
Dec 20235053751,2181,2153$71.90$2.52
Nov 20234885661,2141,2131$77.69$2.71
Oct 20235385481,3211,28932$85.64$2.98
Sep 20237417311,4651,4569$89.43$2.64
Aug 20233363621,2141,2131$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

Apache Corporation in Upton County

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Square Top (Barn-Wood) field

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