MILLARD "C"

Operated by RING ENERGY, INC. (P-5 712382) in the PENWELL (WICHITA ALBANY) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 40583District 08Field 70537726Hydrogen sulphide fieldOilCasinghead gasSaveExport
Value, all time
$7.2 M
Jun 2010 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
192
no gaps in the span
Streams
2
oil, casinghead gas

The Railroad Commission's own record for the field this lease produces from, including the spacing rule that governs how close together its wells may be drilled.

These are facts about the field, not about this lease. The field holds 7 leases and 18 wells, and the rule below applies to all of them.

Discovered
1953-06-08
as the register files it
Field class
Oil
the register's own label
Between wells
0 ft
minimum
From a lease line
330 ft
minimum

A drilling unit in this field needs at least 10 acres. The field rule took effect on 2024-06-25.

The register flags this field for hydrogen sulphide. That is a poisonous gas that occurs naturally in some formations. The flag is a property of the field as the Commission records it. It is not a measurement taken at this lease, and it is not a statement that gas is escaping anywhere.

The Commission's schedule remark for this field reads: AUTHORITY SWR10; NOT REPORTING FIELD

What this lease produced, and what it was worth

Oil and condensate are valued on the volume the state records as disposed of; gas and casinghead gas on the volume produced. They are different columns of different files, and the difference is not cosmetic.

StreamBasisVolumeValue
OilDisposition82,309 bbl$6,645,677
Casinghead gasProduction115,588 Mcf$557,386
Total$7,203,063

Wells on this lease (5)

Every wellbore the Railroad Commission records against this lease key, with the depth, the last completion and the plug date exactly as filed. A well with no plug date is not stated to be producing — the state files no such flag.

These wells centre on 31.7378, -102.6462. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.6 miles.

31.73810, -102.64570 · centre of the wells drawn, derived

What these wells add up to

Every figure below is counted over all of this lease's wells, not over the rows listed above. The Railroad Commission files two facts about a well's state — a plug date and a proration-schedule flag — and a well can carry both, so they are published as separate counts and never merged into a status.

On the schedule
80.0%
4 of 5 wells
With a plug date
0.0%
0 of 5 wells
Median depth
7,229 ft
5 wells filed one
Completion to plug
no well filed both dates

What the state filed about each well

On the RRC proration schedule
480.0%
A plug date is filed
00.0%
BothOn the schedule and plugged. Neither fact cancels the other.
00.0%
NeitherNo plug date, and not on the schedule.
120.0%

A plug date is the date the Commission recorded the wellbore as sealed with cement and abandoned. It is the only end-of-life fact Texas files. There is no "active" flag on a well, so this page does not print one — a well with no plug date is not stated to be producing.

How deep they were drilled

Between 7,130 and 8,960 ft, median 7,229 ft, over the 5 wells that filed a depth.

Completions filed
Jan 2023 – Mar 2026
5 of 5 wells

5 wells

42-13540755258,140 ftMar 2026Yes
42-135438591047,130 ftMay 2025Yes
42-1350725218,960 ftJan 2025
42-135438581027,229 ftJan 2023Yes
42-135438291017,198 ftJan 2023Yes

The API number is the state's, prefixed 42 for Texas. A well is matched to this lease by the lease key the Commission files on the wellbore record, so a well that has moved between leases appears under each one it was filed against.

Every month this lease reported (192)

Volume × price = value, one row per cycle. The price columns are the same series published on the prices page — nothing here is modelled.

192 months

May 202600106.413.05$0
Apr 20260098.932.87$0
Mar 20260089.753.15$0
Feb 20260063.503.75$0
Jan 20260059.138.00$0
Dec 20250056.664.41$0
Nov 20250058.593.93$0
Oct 20250059.383.30$0
Sep 20250062.743.08$0
Aug 20250063.933.01$0
Jul 20250066.743.32$0
Jun 20250066.483.13$0
May 20250060.553.23$0
Apr 20250062.363.54$0
Mar 20250067.704.27$0
Feb 20250070.884.34$0
Jan 20250074.324.28$0
Dec 20240068.993.12$0
Nov 20240069.052.20$0
Oct 20240071.372.28$0
Sep 20240069.612.36$0
Aug 20240075.632.06$0
Jul 20240079.932.15$0
Jun 20240078.082.63$0
May 20240078.812.20$0
Apr 20240084.451.66$0
Mar 20240080.301.55$0
Feb 20240076.091.78$0
Jan 20240073.023.30$0
Dec 20230071.262.61$0
Nov 20230077.892.81$0
Oct 20230085.443.09$0
Sep 20230089.042.74$0
Aug 20230080.522.67$0
Jul 20230074.852.64$0
Jun 20230068.962.26$0
May 20230070.622.23$0
Apr 20230078.122.24$0
Mar 20230072.852.39$0
Feb 20230075.112.47$0
Jan 20230076.533.39$0
Dec 20220076.415.73$0
Nov 2022122085.005.65$10,370
Oct 202275322687.185.86$66,972
Sep 20221,7151,86584.888.16$160,794
Aug 20222,1242,50994.529.13$223,661
Jul 20225,0467,041101.587.54$565,676
Jun 20225,7268,125115.097.98$723,820
May 20224,7978,311109.378.43$594,735
Apr 20224,6456,683104.226.84$529,798
Mar 20223,9334,268108.885.08$449,891
Feb 20223,2183,31691.054.86$309,111
Jan 20222,9343,26481.844.54$254,930
Dec 20212,9573,20771.323.90$223,398
Nov 20210077.435.24$0
Oct 20210079.795.71$0
Sep 2021936169.865.35$6,823
Aug 202117723866.024.22$12,690
Jul 20211917270.783.98$13,806
Jun 202124715569.493.38$17,688
May 2021744063.483.02$47,229
Apr 20211,4301,32860.362.76$89,978
Mar 20212,0081,50861.302.72$127,188
Feb 20210057.805.55$0
Jan 20210050.412.81$0
Dec 20200044.642.68$0
Nov 20200038.772.71$0
Oct 20200036.972.48$0
Sep 20200037.091.99$0
Aug 20200039.982.39$0
Jul 20200038.371.83$0
Jun 20200034.901.69$0
May 20200016.921.81$0
Apr 20200014.751.80$0
Mar 20200030.341.86$0
Feb 20200049.881.98$0
Jan 20200057.252.09$0
Dec 201914059.012.30$826
Nov 20191735855.302.75$9,726
Oct 201911315453.472.42$6,415
Sep 201922211755.052.66$12,532
Aug 201926134753.112.30$14,661
Jul 201925443356.272.46$15,358
Jun 201927863052.782.49$16,242
May 201931451958.482.74$19,785
Apr 201927339362.632.75$18,179
Mar 201916622056.803.06$10,102
Feb 201918719850.852.79$10,062
Jan 201922223946.033.23$10,990
Dec 201831224446.594.19$15,557
Nov 201826920652.934.24$15,111
Oct 201834124561.443.40$21,784
Sep 201858389359.543.11$37,487
Aug 20185011,27559.403.07$33,669
Jul 20189151,29965.142.93$63,412
Jun 20184761,02960.183.08$31,812
May 20185901,24665.382.90$42,189
Apr 20187791,06663.842.90$52,824
Mar 20187631,15261.222.79$49,921
Feb 20185381,01761.782.77$36,051
Jan 201835960462.874.01$24,992
Dec 20177931,25657.272.92$49,085
Nov 20175971,41155.423.12$37,486
Oct 20177111,03549.292.98$38,133
Sep 20175881,17447.523.09$31,566
Aug 20177041,20745.373.00$35,567
Jul 201759298643.873.09$29,015
Jun 20175021,01242.493.09$24,454
May 20174981,28645.373.26$26,791
Apr 20176061,13747.933.21$32,697
Mar 20174001,43246.772.98$22,981
Feb 20172981,43650.452.95$19,274
Jan 20173901,44949.413.42$24,224
Dec 20167291,03048.763.72$39,381
Nov 201622835742.492.64$10,632
Oct 201634336946.193.09$16,983
Sep 201619021841.553.10$8,570
Aug 201633939141.442.92$15,192
Jul 201630439641.622.92$13,811
Jun 201634037545.352.69$16,426
May 2016255042.521.99$10,843
Apr 201627223736.561.99$10,416
Mar 201619616833.011.79$6,771
Feb 201622238226.472.06$6,665
Jan 201644232527.352.36$12,857
Dec 201535143632.362.00$12,231
Nov 201536138938.792.17$14,846
Oct 201535920643.552.43$16,134
Sep 201550042042.992.76$22,654
Aug 201562644140.162.87$26,407
Jul 201548840948.152.95$24,702
Jun 201549342056.152.88$28,893
May 201558643455.212.96$33,636
Apr 201545542049.822.71$23,805
Mar 201558343442.892.93$26,279
Feb 201535440044.662.98$17,000
Jan 201543746543.433.10$20,421
Dec 201435846554.693.59$21,249
Nov 201442246770.464.25$31,720
Oct 201436752778.303.90$30,792
Sep 201424345786.164.05$22,786
Aug 201430846589.394.04$29,408
Jul 201414042096.564.18$15,274
Jun 20140098.164.74$0
May 20140094.734.73$0
Apr 20140095.944.81$0
Mar 201449095.895.06$4,699
Feb 201414342097.406.19$16,529
Jan 201439090.404.86$3,526
Dec 201316839091.824.35$17,124
Nov 201310612288.853.74$9,874
Oct 201318435197.423.78$19,252
Sep 2013137117104.113.72$14,698
Aug 2013285390104.253.52$31,085
Jul 2013548403102.523.72$57,679
Jun 201333239094.403.93$32,875
May 201318043294.834.15$18,862
Apr 20130093.964.28$0
Mar 201339093.623.91$3,651
Feb 201321119291.233.42$19,906
Jan 201341399291.603.42$41,223
Dec 201235192886.773.42$33,630
Nov 201219648086.953.62$18,782
Oct 201224249689.383.40$23,316
Sep 201221146494.672.92$21,330
Aug 201238580092.662.91$38,001
Jul 201226644885.133.02$23,998
Jun 201244595279.822.52$37,918
May 201239599291.612.49$38,654
Apr 2012460871101.652.00$48,498
Mar 2012348372105.052.22$37,384
Feb 2012253204101.102.57$26,103
Jan 201229130098.092.73$29,364
Dec 20110096.873.24$0
Nov 201170095.723.31$6,700
Oct 201143559784.983.65$39,144
Sep 20117071,05083.623.99$63,304
Aug 20114921,08583.404.15$45,535
Jul 201124131594.144.52$24,111
Jun 201170598092.904.64$70,042
May 20112071,05098.134.40$24,938
Apr 20115861,050105.964.33$66,643
Mar 20116671,13996.364.06$68,893
Feb 20116571,33485.644.18$61,842
Jan 20119011,71786.504.59$85,815
Dec 201001385.734.35$57
Nov 201002680.843.80$99
Oct 2010043078.103.51$1,509
Sep 201013845072.633.98$11,814
Aug 20109334173.684.42$8,359
Jul 20100072.554.74$0
Jun 20100070.364.91$0

How to read this page

The arithmetic is one multiplication per stream per month. Here it is, worked, on a real row from the table above.

Nov 2022 — as filed, then multipliedworked
Oil                  122 bbl  × $ 85.00 =    $10,370
Casinghead gas         0 Mcf  × $  5.65 =         $0

────────────────────────────────────────────────────
Month total                                  $10,370

The volumes are the state's, unchanged

Every barrel and every Mcf on this page is a number the Railroad Commission of Texas published in its monthly production query. Nothing is modelled, estimated or filled in.

The dollars are a multiplication, not a valuation

Volume × a published monthly price. It is not what the operator was paid: it takes no account of a contract, a differential, a transportation deduction, or the share any one owner holds.

Oil and gas are priced differently

Oil is a Texas realisation — the crude oil first purchase price. Gas is a benchmark, because no free Texas wellhead gas series exists at any date. The prices page publishes the difference rather than correcting it away.

A lease is not a well

The state reports oil on lease and gas on well, and this page is the lease grain. 08/O/40583 is the state's own key, not one this site invented.