ARTEMIS

Operated by RING ENERGY, INC. (P-5 712382) in the BLOCK A-34 (SAN ANDRES) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 50385District 08Field 08958500Hydrogen sulphide fieldOilCasinghead gasSaveExport
Value, all time
$2.3 M
Dec 2017 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
102
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 160 leases and 433 wells, and the rule below applies to all of them.

Discovered
1979-03-16
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 2016-11-01.

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: OPTIONAL ACRES 10,NO MAX DIAGONAL, SALVAGE 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
OilDisposition35,886 bbl$2,298,263
Casinghead gasProduction5,426 Mcf$19,389
Total$2,317,652

Every month this lease reported (102)

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

102 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 20241289484.451.66$10,966
Mar 2024998280.301.55$8,076
Feb 20249510276.091.78$7,410
Jan 20243513373.023.30$2,994
Dec 20239619771.262.61$7,355
Nov 20238713177.892.81$7,144
Oct 2023168585.443.09$1,629
Sep 202339889.042.74$3,494
Aug 20231457880.522.67$11,884
Jul 20231363874.852.64$10,280
Jun 202326068.962.26$1,793
May 202319014070.622.23$13,730
Apr 202311914478.122.24$9,619
Mar 2023961972.852.39$7,039
Feb 20231232275.112.47$9,293
Jan 20231302376.533.39$10,027
Dec 20221371776.415.73$10,566
Nov 2022116085.005.65$9,860
Oct 202229087.185.86$2,528
Sep 2022209084.888.16$17,740
Aug 2022288094.529.13$27,222
Jul 20225270101.587.54$53,533
Jun 20221290115.097.98$14,847
May 20221940109.378.43$21,218
Apr 20221940104.226.84$20,219
Mar 20223040108.885.08$33,100
Feb 2022349091.054.86$31,776
Jan 2022331081.844.54$27,089
Dec 202133625171.323.90$24,942
Nov 202126425477.435.24$21,772
Oct 202128759979.795.71$26,322
Sep 202137338069.865.35$28,091
Aug 2021378066.024.22$24,956
Jul 2021403070.783.98$28,524
Jun 2021111069.493.38$7,713
May 2021333063.483.02$21,139
Apr 2021337060.362.76$20,341
Mar 2021441061.302.72$27,033
Feb 2021266057.805.55$15,375
Jan 2021400050.412.81$20,164
Dec 2020460044.642.68$20,534
Nov 2020612038.772.71$23,727
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 20192463250.852.79$12,598
Jan 201970511646.033.23$32,826
Dec 201884239646.594.19$40,886
Nov 2018720052.934.24$38,110
Oct 20181,0159161.443.40$62,671
Sep 20181,11861259.543.11$68,468
Aug 20181,25136759.403.07$75,435
Jul 20182,19027465.142.93$143,460
Jun 20181,816060.183.08$109,287
May 20182,233465.382.90$146,005
Apr 20181,2898863.842.90$82,545
Mar 20182,50864961.222.79$155,348
Feb 20182,692061.782.77$166,312
Jan 20185,108062.874.01$321,140
Dec 20172,785057.272.92$159,497

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.

Apr 2024 — as filed, then multipliedworked
Oil                  128 bbl  × $ 84.45 =    $10,810
Casinghead gas        94 Mcf  × $  1.66 =       $156

────────────────────────────────────────────────────
Month total                                  $10,966

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/50385 is the state's own key, not one this site invented.