MILLARD -B-

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

Oil lease lease 4867District 08Field 70537330Hydrogen sulphide fieldOilCasinghead gasSaveExport
Value, all time
$5.3 M
Jan 1993 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
401
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 8 leases and 35 wells, and the rule below applies to all of them.

Discovered
1946-04-10
as the register files it
Field class
Oil
the register's own label
Between wells
1,200 ft
minimum
From a lease line
467 ft
minimum

A drilling unit in this field needs at least 40 acres.

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.

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
OilDisposition106,950 bbl$4,527,063
Casinghead gasProduction188,438 Mcf$765,802
Total$5,292,865

21,896 Mcf of this lease's gas, across 48 months, carries no value here. No free Texas wellhead gas price exists before 1997, so those months are left out of the total rather than valued at zero. The total above is therefore a floor, not an estimate.

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 31.7280, -102.6428. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.3 miles.

31.72801, -102.64298 · 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
75.0%
3 of 4 wells
With a plug date
75.0%
3 of 4 wells
Median depth
8,731 ft
4 wells filed one
Completion to plug
3.4 years
median over 3 wells

What the state filed about each well

On the RRC proration schedule
375.0%
A plug date is filed
375.0%
BothOn the schedule and plugged. Neither fact cancels the other.
375.0%
NeitherNo plug date, and not on the schedule.
125.0%

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 8,674 and 8,785 ft, median 8,731 ft, over the 4 wells that filed a depth.

Completions filed
Oct 1992 – Jan 2023
4 of 4 wells
Plug dates filed
Sep 1994 – Nov 2003
3 of 4 wells; 1 filed none

Last completion to plug: a median of 3.4 years across the 3 wells that filed both dates, with the middle half between 2.7 years and 6.3 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

4 wells

42-135072391 C8,677 ftJan 2023
42-1350724358,785 ftAug 1994Nov 2003Yes
42-135072424 L8,785 ftFeb 1994Jul 1997Yes
42-135072402 T8,674 ftOct 1992Sep 1994Yes

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 (401)

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

401 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 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 20190059.012.30$0
Nov 20190055.302.75$0
Oct 20190053.472.42$0
Sep 20190055.052.66$0
Aug 20190053.112.30$0
Jul 20190056.272.46$0
Jun 20190052.782.49$0
May 20190058.482.74$0
Apr 20190062.632.75$0
Mar 20190056.803.06$0
Feb 20190050.852.79$0
Jan 20190046.033.23$0
Dec 20180046.594.19$0
Nov 20180052.934.24$0
Oct 20180061.443.40$0
Sep 20180059.543.11$0
Aug 20180059.403.07$0
Jul 20180065.142.93$0
Jun 20180060.183.08$0
May 20180065.382.90$0
Apr 20180063.842.90$0
Mar 20180061.222.79$0
Feb 20180061.782.77$0
Jan 20180062.874.01$0
Dec 20170057.272.92$0
Nov 20170055.423.12$0
Oct 20170049.292.98$0
Sep 20170047.523.09$0
Aug 20170045.373.00$0
Jul 20170043.873.09$0
Jun 20170042.493.09$0
May 20170045.373.26$0
Apr 20170047.933.21$0
Mar 20170046.772.98$0
Feb 20170050.452.95$0
Jan 20170049.413.42$0
Dec 20160048.763.72$0
Nov 20160042.492.64$0
Oct 20160046.193.09$0
Sep 20160041.553.10$0
Aug 20160041.442.92$0
Jul 20160041.622.92$0
Jun 20160045.352.69$0
May 20160042.521.99$0
Apr 20160036.561.99$0
Mar 20160033.011.79$0
Feb 20160026.472.06$0
Jan 20160027.352.36$0
Dec 20150032.362.00$0
Nov 20150038.792.17$0
Oct 20150043.552.43$0
Sep 20150042.992.76$0
Aug 20150040.162.87$0
Jul 20150048.152.95$0
Jun 20150056.152.88$0
May 20150055.212.96$0
Apr 20150049.822.71$0
Mar 20150042.892.93$0
Feb 20150044.662.98$0
Jan 20150043.433.10$0
Dec 20140054.693.59$0
Nov 20140070.464.25$0
Oct 201427078.303.90$2,114
Sep 201444046086.164.05$39,771
Aug 2014224089.394.04$20,023
Jul 2014956496.564.18$9,441
Jun 20140098.164.74$0
May 20140094.734.73$0
Apr 201476095.944.81$7,291
Mar 201432750295.895.06$33,895
Feb 201430652497.406.19$33,049
Jan 201432542090.404.86$31,422
Dec 201343836491.824.35$41,802
Nov 201362335788.853.74$56,688
Oct 20131262,04997.423.78$20,019
Sep 2013238470104.113.72$26,526
Aug 20133970104.253.52$41,387
Jul 2013592729102.523.72$63,402
Jun 20136211,33794.403.93$63,881
May 20133403,08294.834.15$45,030
Apr 20135141,75693.964.28$55,816
Mar 201317391093.623.91$19,757
Feb 20135183,01091.233.42$57,551
Jan 20133273,38891.603.42$41,540
Dec 20125123,48786.773.42$56,352
Nov 20126943,47086.953.62$72,922
Oct 20121723,36789.383.40$26,820
Sep 20125264,11094.672.92$61,791
Aug 20123443,99492.662.91$43,490
Jul 201203,26785.133.02$9,869
Jun 20125192,79979.822.52$48,477
May 20121763,25591.612.49$24,223
Apr 20124791,554101.652.00$51,793
Mar 20126882,341105.052.22$77,476
Feb 201201,940101.102.57$4,986
Jan 2012054798.092.73$1,496
Dec 201101,19596.873.24$3,871
Nov 20111741,87495.723.31$22,861
Oct 20115262,48484.983.65$53,762
Sep 20113442,15983.623.99$37,371
Aug 20115282,54883.404.15$54,608
Jul 20115221,38094.144.52$55,375
Jun 20115221,56892.904.64$55,769
May 20116821,75698.134.40$74,660
Apr 2011529648105.964.33$58,861
Mar 20115171,49496.364.06$55,880
Feb 2011037485.644.18$1,563
Jan 20115181,06086.504.59$49,671
Dec 2010054385.734.35$2,361
Nov 2010050980.843.80$1,932
Oct 20103421,15378.103.51$30,756
Sep 20106781,73372.633.98$56,140
Aug 20101,0322,09273.684.42$85,283
Jul 2010098272.554.74$4,651
Jun 2010085770.364.91$4,208
May 2010096571.124.24$4,087
Apr 20101721,73981.694.12$21,220
Mar 20106641,99278.394.39$60,793
Feb 20108601,74173.585.44$72,754
Jan 20105091,54974.365.96$47,088
Dec 20096971,57771.445.48$58,442
Nov 20098562,40674.593.75$72,875
Oct 2009097772.544.11$4,016
Sep 2009092265.543.06$2,826
Aug 20091721,17667.423.22$15,381
Jul 2009084161.133.46$2,914
Jun 200901,19866.163.90$4,666
May 2009050554.743.93$1,983
Apr 2009035146.773.59$1,259
Mar 200952054642.144.06$24,129
Feb 200952183732.814.63$20,972
Jan 200934132135.865.37$13,952
Dec 20085461,40837.105.98$28,672
Nov 2008023255.496.86$1,592
Oct 200817319175.246.92$14,339
Sep 2008349403101.767.88$38,689
Aug 20085481,835114.228.48$78,159
Jul 20085212,039131.0811.39$91,516
Jun 20084941,393131.3313.03$83,031
May 20085311,879123.1711.57$87,151
Apr 20085261,720110.3110.45$76,005
Mar 200801,070101.909.66$10,341
Feb 20086831,46792.538.77$76,064
Jan 20085381,46390.388.21$60,629
Dec 200701,11388.337.30$8,127
Nov 20070091.677.29$0
Oct 20070082.856.92$0
Sep 2007328075.846.24$24,876
Aug 2007053869.066.39$3,437
Jul 200717674670.906.39$17,244
Jun 200752473862.007.55$38,059
May 200754887558.747.85$39,055
Apr 200735180259.617.81$27,183
Mar 20076791,10556.927.30$46,717
Feb 200717757755.108.22$14,493
Jan 200734347850.306.73$20,468
Dec 200652969856.656.92$34,797
Nov 200652543354.207.62$31,753
Oct 200654049054.906.01$32,593
Sep 200608960.085.04$448
Aug 20061725768.717.34$12,237
Jul 20063308469.376.34$23,425
Jun 20065005666.286.38$33,498
May 200616720766.016.42$12,354
Apr 200634241364.397.36$25,061
Mar 200652446656.707.08$33,011
Feb 200618433157.597.75$13,162
Jan 200654644960.598.93$37,093
Dec 200534442454.9413.42$24,587
Nov 200550853054.6910.59$33,394
Oct 200552555958.3413.80$38,340
Sep 200517044961.4512.08$15,870
Aug 200536056061.519.80$27,630
Jul 200551954955.697.84$33,209
Jun 200553533652.337.38$30,477
May 200518035745.226.65$10,514
Apr 200551926649.207.36$27,493
Mar 200534331650.377.15$19,538
Feb 200516424245.226.31$8,944
Jan 200534827143.166.32$16,733
Dec 200468334339.866.75$29,540
Nov 200417621945.286.33$9,356
Oct 200433933949.706.52$19,057
Sep 200470637043.245.28$32,482
Aug 200417136242.375.55$9,255
Jul 200435030038.286.08$15,223
Jun 200426119536.106.43$10,677
May 200444615937.486.49$17,749
Apr 2004028134.475.86$1,646
Mar 200426626134.365.53$10,583
Feb 200447416332.455.51$16,279
Jan 200427333732.036.30$10,867
Dec 200347022430.266.30$15,634
Nov 2003122428.804.60$1,058
Oct 200371231028.174.76$21,533
Sep 2003030426.314.75$1,444
Aug 200370734629.765.13$22,815
Jul 2003024929.415.17$1,288
Jun 200326715528.565.98$8,553
May 200346739026.595.97$14,747
Apr 200327034526.675.41$9,066
Mar 200343019531.146.10$14,579
Feb 200326232933.487.93$11,379
Jan 200344235730.315.58$15,390
Dec 200274632026.914.85$21,628
Nov 200227334224.664.14$8,147
Oct 200244635326.464.23$13,294
Sep 200226823727.443.64$8,215
Aug 200245845825.963.16$13,339
Jul 200272446024.583.06$19,204
Jun 200226746523.733.34$7,888
May 200272546424.663.58$19,541
Apr 200246753923.653.51$12,938
Mar 200273433922.003.10$17,200
Feb 2002029518.222.38$701
Jan 200274149117.172.38$13,889
Dec 200172152416.932.36$13,445
Nov 200173947118.072.41$14,487
Oct 200174163819.782.53$16,270
Sep 2001018924.262.25$426
Aug 200173548524.873.05$19,760
Jul 200126747823.933.20$7,918
Jun 200146153424.563.82$13,364
May 200199844525.524.31$27,386
Apr 200146953824.685.34$14,445
Mar 200172041824.545.38$19,916
Feb 200126950227.755.77$10,360
Jan 20014733727.478.40$13,304
Dec 200004726.889.12$429
Nov 20000032.215.66$0
Oct 2000021431.235.15$1,101
Sep 200023816431.875.19$8,436
Aug 200045527429.644.54$14,730
Jul 200026736328.534.09$9,102
Jun 200073343229.304.40$23,377
May 200046837127.263.68$14,123
Apr 200026935324.513.12$7,693
Mar 200046434428.422.86$14,171
Feb 200045034927.622.73$13,381
Jan 200047543725.272.48$13,087
Dec 199907124.282.42$172
Nov 199927320623.192.43$6,832
Oct 199946932220.982.80$10,742
Sep 199927330121.752.62$6,726
Aug 199946521019.262.88$9,560
Jul 199926939317.892.37$5,745
Jun 199973747215.942.36$12,863
May 1999231315.792.32$758
Apr 1999208315.102.21$3,147
Mar 199973539312.471.84$9,888
Feb 19997464199.981.82$8,207
Jan 199959763610.381.90$7,405
Dec 19982535299.201.77$3,266
Nov 199873361810.892.19$9,333
Oct 199846440212.421.97$6,555
Sep 199872152212.592.08$10,165
Aug 199826754311.301.91$4,053
Jul 199869056911.742.24$9,374
Jun 199842050611.242.24$5,853
May 199868952512.622.21$9,854
Apr 199872251413.042.51$10,703
Mar 199827153512.802.31$4,704
Feb 199873348113.952.30$11,331
Jan 199846154514.702.15$7,951
Dec 199797553416.322.41$17,200
Nov 199727048818.193.09$6,418
Oct 199745852019.253.15$10,454
Sep 199768755917.742.95$13,839
Aug 199770053417.862.55$13,866
Jul 199727353017.582.25$5,990
Jun 199745349217.242.26$8,920
May 199772544418.972.31$14,778
Apr 199727151217.882.08$5,912
Mar 199772152118.951.94$14,673
Feb 199745844820.492.21$10,373
Jan 199774649623.483.54$19,272
Dec 199672549323.32$16,907
Nov 199627248821.97$5,976
Oct 199673850923.31$17,203
Sep 199643650922.22$9,688
Aug 199670854420.26$14,344
Jul 199626627919.55$5,200
Jun 199642635318.73$7,979
May 199626738219.43$5,188
Apr 199646540021.51$10,002
Mar 199674340219.38$14,399
Feb 199627437816.98$4,653
Jan 199647542217.07$8,108
Dec 199574742617.19$12,841
Nov 1995140316.00$16
Oct 199599543615.43$15,353
Sep 1995025816.18$0
Aug 199573244615.92$11,653
Jul 1995552215.24$76
Jun 199573543616.41$12,061
May 199526941817.56$4,724
Apr 199544240417.73$7,837
Mar 199574942316.44$12,314
Feb 199527438516.58$4,543
Jan 199547442615.92$7,546
Dec 199473443615.03$11,032
Nov 199426943615.90$4,277
Oct 199447243415.58$7,354
Sep 199470345015.29$10,749
Aug 199426848816.13$4,323
Jul 199446849717.56$8,218
Jun 199472445417.09$12,373
May 199474148215.88$11,767
Apr 199427047114.14$3,818
Mar 199472547912.46$9,034
Feb 199447444012.50$5,925
Jan 199474149312.66$9,381
Dec 199327251112.33$3,354
Nov 199363550314.49$9,201
Oct 199347254315.85$7,481
Sep 199373754515.03$11,077
Aug 199372554515.66$11,354
Jul 199373257215.46$11,317
Jun 199326655716.79$4,466
May 199346848717.68$8,274
Apr 199370954618.05$12,797
Mar 199374455918.14$13,496
Feb 199374545117.90$13,336
Jan 199329737516.93$5,028

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.

Oct 2014 — as filed, then multipliedworked
Oil                   27 bbl  × $ 78.30 =     $2,114
Casinghead gas         0 Mcf  × $  3.90 =         $0

────────────────────────────────────────────────────
Month total                                   $2,114

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/4867 is the state's own key, not one this site invented.