CETO

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 50405District 08Field 08958500Hydrogen sulphide fieldOilCasinghead gasSaveExport
Value, all time
$11.9 M
May 2018 – May 2026
Value, last 12 filed months
$735 k
at the published price for each month
Months reported
97
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
OilDisposition186,730 bbl$11,525,788
Casinghead gasProduction112,152 Mcf$391,501
Total$11,917,290

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 32.4956, -102.6200. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.49559, -102.62002 · 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
4,699 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 4,699 ft.

Completions filed
May 2018
1 of 1 wells

1 well

42-003477781H4,699 ftMay 2018

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 (97)

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

97 months

May 20268481,121106.413.05$93,650
Apr 20267321,13698.932.87$75,677
Mar 202678186489.753.15$72,816
Feb 20266102,43063.503.75$47,848
Jan 202666588559.138.00$46,400
Dec 20258821,11756.664.41$54,904
Nov 20256851,99058.593.93$47,948
Oct 20251,0132,16859.383.30$67,317
Sep 20256751,85462.743.08$48,054
Aug 20257911,01063.933.01$53,614
Jul 20258631,08366.743.32$61,187
Jun 20259121,55766.483.13$65,501
May 20258501,07960.553.23$54,955
Apr 202577591762.363.54$51,578
Mar 20258161,07367.704.27$59,823
Feb 20257321,21470.884.34$57,154
Jan 20259502,41674.324.28$80,941
Dec 20241,0401,30968.993.12$75,835
Nov 20249201,65269.052.20$67,158
Oct 20241,0181,62271.372.28$76,355
Sep 20241,0601,56969.612.36$77,496
Aug 20241,2511,52775.632.06$97,764
Jul 20241,4141,65879.932.15$116,580
Jun 20241,0351,36078.082.63$84,395
May 20241,0181,39878.812.20$83,302
Apr 20249501,68384.451.66$83,020
Mar 20247761,46280.301.55$64,572
Feb 20248221,25376.091.78$64,781
Jan 20249121,08073.023.30$70,156
Dec 202347394671.262.61$36,176
Nov 202350581477.892.81$41,620
Oct 20231,1311,66285.443.09$101,764
Sep 20231,2111,49189.042.74$111,905
Aug 20231,2821,16480.522.67$106,338
Jul 20231,3132,04774.852.64$103,686
Jun 20235981,55468.962.26$44,748
May 20231,2771,72370.622.23$94,020
Apr 20239962,25478.122.24$82,851
Mar 20231,0563,07772.852.39$84,293
Feb 20239892,61575.112.47$80,732
Jan 20231,0652,54476.533.39$90,123
Dec 20228301,40176.415.73$71,447
Nov 20221,0321,65985.005.65$97,087
Oct 202294420487.185.86$83,494
Sep 202267310684.888.16$57,990
Aug 20221,39312494.529.13$132,798
Jul 20221,6936,379101.587.54$220,086
Jun 2022545144115.097.98$63,873
May 2022470760109.378.43$57,813
Apr 2022504355104.226.84$54,954
Mar 20227791,680108.885.08$93,346
Feb 202270266491.054.86$67,143
Jan 202237937281.844.54$32,705
Dec 20216951,03971.323.90$53,619
Nov 20218182677.435.24$63,474
Oct 202183168079.795.71$70,191
Sep 20211,016069.865.35$70,978
Aug 20211,4289666.024.22$94,682
Jul 20211,25599370.783.98$92,783
Jun 20211,3521,04569.493.38$97,483
May 20211,7901,22063.483.02$117,311
Apr 20211,8891,64860.362.76$118,566
Mar 20211,79689861.302.72$112,535
Feb 20211,011057.805.55$58,436
Jan 20211,606050.412.81$80,958
Dec 20201,879044.642.68$83,879
Nov 20202,3642938.772.71$91,731
Oct 20201,96045036.972.48$73,576
Sep 20202,14448537.091.99$80,487
Aug 20202,40149339.982.39$97,168
Jul 20202,62052638.371.83$101,489
Jun 202035414034.901.69$12,591
May 202002916.921.81$53
Apr 20201,50122514.751.80$22,546
Mar 20202,44329430.341.86$74,666
Feb 20202,28410949.881.98$114,142
Jan 20202,52712457.252.09$144,931
Dec 20192,4088659.012.30$142,294
Nov 20192,5718355.302.75$142,405
Oct 20192,08824253.472.42$112,231
Sep 20191,80646555.052.66$100,656
Aug 20193,16436953.112.30$168,890
Jul 20192,68116056.272.46$151,253
Jun 20192,3167752.782.49$122,430
May 20194,00113358.482.74$234,343
Apr 20191,8181,65662.632.75$118,417
Mar 20193,8881,58056.803.06$225,677
Feb 20193,79186750.852.79$195,193
Jan 20194,97158946.033.23$230,717
Dec 20184,3042,53446.594.19$211,129
Nov 20183,7053,10952.934.24$209,279
Oct 20184,7522,57961.443.40$300,727
Sep 20185,1553,45359.543.11$317,661
Aug 20189,0663,53759.403.07$549,367
Jul 201819,0181,45965.142.93$1,243,110
Jun 201816,5461,33560.183.08$999,846
May 20183,0816465.382.90$201,621

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.

May 2026 — as filed, then multipliedworked
Oil                  848 bbl  × $106.41 =    $90,236
Casinghead gas     1,121 Mcf  × $  3.05 =     $3,414

────────────────────────────────────────────────────
Month total                                  $93,650

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/50405 is the state's own key, not one this site invented.