MILLARD -L-

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

Oil lease lease 41750District 08Field 70537264OilCasinghead gasSaveExport
Value, all time
$3.4 M
Aug 2011 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
178
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 6 leases and 10 wells, and the rule below applies to all of them.

Discovered
1959-01-07
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 Commission's schedule remark for this field reads: AUTHORITY SWR10; NOT THE 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
OilDisposition44,423 bbl$3,301,135
Casinghead gasProduction43,181 Mcf$136,752
Total$3,437,887

Wells on this lease (1)

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 31.7399, -102.6579. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.73989, -102.65794 · 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
0.0%
0 of 1 wells
With a plug date
0.0%
0 of 1 wells
Median depth
7,870 ft
1 wells filed one
Completion to plug
no well filed both dates

What the state filed about each well

On the RRC proration schedule
00.0%
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.
1100.0%

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

The one well that filed a depth was drilled to 7,870 ft.

Completions filed
Feb 2022
1 of 1 wells

1 well

42-1354076757,870 ftFeb 2022

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 (178)

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

178 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 20220085.005.65$0
Oct 20220087.185.86$0
Sep 20220084.888.16$0
Aug 20220094.529.13$0
Jul 202200101.587.54$0
Jun 202200115.097.98$0
May 202200109.378.43$0
Apr 202200104.226.84$0
Mar 202200108.885.08$0
Feb 20220091.054.86$0
Jan 20220081.844.54$0
Dec 20210071.323.90$0
Nov 20210077.435.24$0
Oct 20210079.795.71$0
Sep 20210069.865.35$0
Aug 20210066.024.22$0
Jul 20210070.783.98$0
Jun 20210069.493.38$0
May 20210063.483.02$0
Apr 20210060.362.76$0
Mar 20210061.302.72$0
Feb 20210057.805.55$0
Jan 20210050.412.81$0
Dec 20200044.642.68$0
Nov 2020120038.772.71$4,652
Oct 2020103036.972.48$3,808
Sep 20203311,36337.091.99$14,991
Aug 20207211,39339.982.39$32,148
Jul 20201,2481,35638.371.83$50,361
Jun 2020558034.901.69$19,474
May 20200016.921.81$0
Apr 20200014.751.80$0
Mar 20200030.341.86$0
Feb 20200049.881.98$0
Jan 202010057.252.09$573
Dec 20193612959.012.30$21,369
Nov 20193692655.302.75$20,477
Oct 20191814753.472.42$9,792
Sep 20193453655.052.66$19,088
Aug 201937110353.112.30$19,941
Jul 20192746656.272.46$15,580
Jun 20192584052.782.49$13,717
May 20192853358.482.74$16,757
Apr 201920612462.632.75$13,243
Mar 201911934156.803.06$7,803
Feb 201915448650.852.79$9,188
Jan 201918458546.033.23$10,358
Dec 201825759946.594.19$14,481
Nov 201822350552.934.24$13,943
Oct 201820860061.443.40$14,818
Sep 201817626959.543.11$11,315
Aug 201813240459.403.07$9,080
Jul 201824241165.142.93$16,969
Jun 201812632660.183.08$8,586
May 201815539565.382.90$11,280
Apr 201820733763.842.90$14,192
Mar 201821037761.222.79$13,907
Feb 201817234761.782.77$11,586
Jan 201810726962.874.01$7,806
Dec 201721039857.272.92$13,189
Nov 201715844755.423.12$10,150
Oct 201718832849.292.98$10,245
Sep 201715637247.523.09$8,562
Aug 201718638245.373.00$9,587
Jul 201715731243.873.09$7,851
Jun 201713232142.493.09$6,600
May 201713240745.373.26$7,317
Apr 201716036047.933.21$8,825
Mar 201710545446.772.98$6,265
Feb 20177945550.452.95$5,329
Jan 201711145949.413.42$7,054
Dec 201625938548.763.72$14,062
Nov 201618333442.492.64$8,659
Oct 201627434646.193.09$13,725
Sep 201615120541.553.10$6,910
Aug 201627136741.442.92$12,303
Jul 201623537141.622.92$10,866
Jun 201625631745.352.69$12,461
May 2016204042.521.99$8,674
Apr 201624127836.561.99$9,364
Mar 201618024533.011.79$6,381
Feb 201617835826.472.06$5,450
Jan 201635330527.352.36$10,376
Dec 201527541132.362.00$9,722
Nov 201527141738.792.17$11,416
Oct 201526922143.552.43$12,251
Sep 201537545042.992.76$17,363
Aug 201547147340.162.87$20,274
Jul 201538943648.152.95$20,014
Jun 201543242056.152.88$25,468
May 201551349255.212.96$29,777
Apr 201539848949.822.71$21,152
Mar 201551550542.892.93$23,570
Feb 201532445644.662.98$15,827
Jan 201540850543.433.10$19,285
Dec 201433850554.693.59$20,299
Nov 201442436370.464.25$31,418
Oct 201441637278.303.90$34,024
Sep 201431439386.164.05$28,644
Aug 201451351289.394.04$47,923
Jul 201447065196.564.18$48,104
Jun 201442163098.164.74$44,310
May 201432962194.734.73$34,101
Apr 201436760095.944.81$38,095
Mar 201432962095.895.06$34,683
Feb 201430224997.406.19$30,957
Jan 20143056290.404.86$27,873
Dec 20133186291.824.35$29,469
Nov 20132986088.853.74$26,702
Oct 20132596297.423.78$25,466
Sep 201331960104.113.72$33,434
Aug 201330362104.253.52$31,806
Jul 201370493102.523.72$72,520
Jun 20135737494.403.93$54,382
May 201370824594.834.15$68,156
Apr 201373348093.964.28$70,928
Mar 201380749693.623.91$77,492
Feb 201364844891.233.42$60,649
Jan 201376752791.603.42$72,059
Dec 201281952786.773.42$72,867
Nov 201271251086.953.62$63,757
Oct 201288752789.383.40$81,072
Sep 201269751094.672.92$67,473
Aug 20121,00252792.662.91$94,378
Jul 201284852785.133.02$73,782
Jun 201286552379.822.52$70,362
May 201280246791.612.49$74,633
Apr 2012974570101.652.00$100,145
Mar 2012846589105.052.22$90,181
Feb 20121,011564101.102.57$103,662
Jan 20121,55774698.092.73$154,766
Dec 20111,13893496.873.24$113,264
Nov 20111,25390595.723.31$122,934
Oct 20111,18493984.983.65$104,042
Sep 20111,1131,09283.623.99$97,422
Aug 201113812983.404.15$12,044

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 2020 — as filed, then multipliedworked
Oil                  120 bbl  × $ 38.77 =     $4,652
Casinghead gas         0 Mcf  × $  2.71 =         $0

────────────────────────────────────────────────────
Month total                                   $4,652

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/41750 is the state's own key, not one this site invented.