MILLARD -C-

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 41798District 08Field 70537264OilCasinghead gasSaveExport
Value, all time
$4.5 M
Aug 2011 – Feb 2024
Value, last 12 filed months
$0
at the published price for each month
Months reported
151
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
OilDisposition54,734 bbl$4,120,285
Casinghead gasProduction117,857 Mcf$404,505
Total$4,524,790

Wells on this lease (4)

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 31.7397, -102.6462. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.4 miles.

31.73981, -102.64626 · 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
100.0%
4 of 4 wells
With a plug date
0.0%
0 of 4 wells
Median depth
8,768 ft
4 wells filed one
Completion to plug
no well filed both dates

What the state filed about each well

On the RRC proration schedule
4100.0%
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.
00.0%

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 8,140 and 9,025 ft, median 8,768 ft, over the 4 wells that filed a depth.

Completions filed
Nov 2019 – Mar 2026
4 of 4 wells

4 wells

42-13540755258,140 ftMar 2026Yes
42-13542333299,025 ftNov 2020Yes
42-13542275278,784 ftNov 2019Yes
42-13542276268,752 ftNov 2019Yes

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 (151)

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

151 months

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 202044038.772.71$1,706
Oct 202039036.972.48$1,442
Sep 202012010837.091.99$4,666
Aug 20202139039.982.39$8,730
Jul 20202029038.371.83$7,915
Jun 2020343134.901.69$11,972
May 2020248116.921.81$4,198
Apr 202051114014.751.80$7,790
Mar 202046824430.341.86$14,652
Feb 202038920549.881.98$19,809
Jan 202039217757.252.09$22,813
Dec 201939515759.012.30$23,671
Nov 201940614455.302.75$22,848
Oct 201920833553.472.42$11,932
Sep 201932831555.052.66$18,893
Aug 201938079153.112.30$22,005
Jul 201955160256.272.46$32,486
Jun 20195211,07852.782.49$30,184
May 20194431,03758.482.74$28,748
Apr 201939280062.632.75$26,752
Mar 201927948156.803.06$17,320
Feb 201936673550.852.79$20,663
Jan 201943688546.033.23$22,926
Dec 201861090646.594.19$32,212
Nov 201852876352.934.24$31,180
Oct 201846390861.443.40$31,532
Sep 201826923259.543.11$16,737
Aug 201812818759.403.07$8,177
Jul 201823419165.142.93$15,803
Jun 201812215160.183.08$7,807
May 201815218365.382.90$10,469
Apr 201820015663.842.90$13,221
Mar 201820217261.222.79$12,846
Feb 201816616161.782.77$10,701
Jan 201810412562.874.01$7,040
Dec 201719318457.272.92$11,591
Nov 201711219155.423.12$6,803
Oct 201711810049.292.98$6,115
Sep 201711115347.523.09$5,747
Aug 201713315645.373.00$6,503
Jul 201711112843.873.09$5,265
Jun 20179313142.493.09$4,356
May 20179216345.373.26$4,706
Apr 201711514747.933.21$5,984
Mar 20177518646.772.98$4,063
Feb 20175618650.452.95$3,374
Jan 20178218849.413.42$4,694
Dec 201623525648.763.72$12,412
Nov 20162731,28642.492.64$15,000
Oct 20164081,33946.193.09$22,983
Sep 201622376641.553.10$11,641
Aug 20164071,41841.442.92$21,013
Jul 20163651,43541.622.92$19,388
Jun 20164081,36045.352.69$22,156
May 2016306042.521.99$13,011
Apr 20163611,07636.561.99$15,341
Mar 201627094533.011.79$10,608
Feb 20162661,38526.472.06$9,899
Jan 20164961,17927.352.36$16,353
Dec 20153241,26932.362.00$13,024
Nov 20153361,50338.792.17$16,291
Oct 20153761,00143.552.43$18,804
Sep 20154741,79742.992.76$25,334
Aug 20155101,60840.162.87$25,101
Jul 20153411,11748.152.95$19,709
Jun 20154011,38056.152.88$26,495
May 20155931,19055.212.96$36,257
Apr 20155261,51049.822.71$30,292
Mar 20156231,06542.892.93$29,846
Feb 20153851,34344.662.98$21,191
Jan 20155202,04443.433.10$28,921
Dec 20144672,29654.693.59$33,786
Nov 20146162,07070.464.25$52,205
Oct 20146921,91878.303.90$61,666
Sep 20145892,32586.164.05$60,154
Aug 20148472,30389.394.04$85,006
Jul 20147782,37196.564.18$85,034
Jun 20149552,18198.164.74$104,074
May 20149712,29294.734.73$102,816
Apr 20141,2202,33295.944.81$128,262
Mar 20141,2342,22295.895.06$129,564
Feb 20141,2252,09597.406.19$132,287
Jan 20141,0951,46190.404.86$106,090
Dec 20131,0881,72191.824.35$107,394
Nov 20138012,36888.853.74$80,021
Oct 20131,5255,86897.423.78$170,743
Sep 20131,6634,515104.113.72$189,921
Aug 20131,8715,850104.253.52$215,659
Jul 20132,4663,858102.523.72$267,157
Jun 201367836494.403.93$65,435
May 201348234194.834.15$47,123
Apr 201348933093.964.28$47,360
Mar 201353834193.623.91$51,702
Feb 201337730891.233.42$35,447
Jan 201336251191.603.42$34,907
Dec 201236755886.773.42$33,753
Nov 201231954086.953.62$29,695
Oct 201239755889.383.40$37,381
Sep 201231254094.672.92$31,113
Aug 201246055892.662.91$44,246
Jul 201243667885.133.02$39,165
Jun 201258280779.822.52$48,488
May 20127351,48291.612.49$71,021
Apr 20127001,530101.652.00$74,210
Mar 20126101,581105.052.22$67,594
Feb 20126991,520101.102.57$74,576
Jan 20127311,67398.092.73$76,278
Dec 20116021,70196.873.24$63,827
Nov 20117621,75695.723.31$78,753
Oct 20111,0202,26784.983.65$94,951
Sep 20111,3623,87483.623.99$129,331
Aug 20114125783.404.15$4,486

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                   44 bbl  × $ 38.77 =     $1,706
Casinghead gas         0 Mcf  × $  2.71 =         $0

────────────────────────────────────────────────────
Month total                                   $1,706

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/41798 is the state's own key, not one this site invented.