MILLARD -B-
Operated by RING ENERGY, INC. (P-5 712382) in the PENWELL (CLEAR FORK 5100) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.
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 14 leases and 69 wells, and the rule below applies to all of them.
A drilling unit in this field needs at least 10 acres. The field rule took effect on 2024-06-25.
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: “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.
| Stream | Basis | Volume | Value |
|---|---|---|---|
| Oil | Disposition | 774,614 bbl | $58,177,900 |
| Casinghead gas | Production | 1,622,669 Mcf | $5,122,387 |
| Total | $63,300,286 | ||
Wells on this lease (12)
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 31.7257, -102.6461. A lease has no coordinate of its own — that point is the mean of its wells, and they span 1.0 miles.
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.
What the state filed about each well
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
Total depth in feet, 12 of 12 wells. Median 7,159 ft, with the middle half between 7,140 and 7,191 ft; the shallowest is 7,056 ft and the deepest 8,677 ft. The median is published rather than the mean, because a single mis-keyed depth moves a mean and cannot move a median.
When they were last completed
Last completion by decade, 12 of 12 wells, Jul 2022 – Nov 2024. This is the LAST completion filed on each wellbore, not the first — a well recompleted in 2019 counts once, in the 2010s.
12 wells
| 42-13544038 | 117 | 7,107 ft | Nov 2024 | — | — |
| 42-13544009 | 116 | 7,193 ft | Aug 2024 | — | — |
| 42-13543806 | 102 | 7,143 ft | Jan 2023 | — | — |
| 42-13543825 | 103 | 7,056 ft | Jan 2023 | — | — |
| 42-13543902 | 109 | 7,160 ft | Jan 2023 | — | — |
| 42-13507239 | 1 | 8,677 ft | Jan 2023 | — | — |
| 42-13543925 | 111 | 7,140 ft | Jan 2023 | — | — |
| 42-13543926 | 113 | 7,240 ft | Jan 2023 | — | — |
| 42-13543828 | 104 | 7,175 ft | Dec 2022 | — | — |
| 42-13543866 | 105 | 7,140 ft | Dec 2022 | — | — |
| 42-13543803 | 101 | 7,190 ft | Jul 2022 | — | — |
| 42-13543879 | 108 | 7,158 ft | Jul 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.
Leases whose centres are nearest (175)
Ranked by the distance between lease centres, within 5 miles. A lease has no coordinate the state files — each centre is the mean of that lease's own wells, so this measures how far apart two centres are and not whether the two leases touch.
| Lease | Operator | Centres apart |
|---|---|---|
| MILLARD -B- | FOUNDERS OIL & GAS OPERATING,LLC | 0.13 mi |
| MILLARD -B- | RING ENERGY, INC. | 0.26 mi |
| MILLARD B | PHILLIPS PETROLEUM COMPANY | 0.44 mi |
| MILLARD -B- | RING ENERGY, INC. | 0.44 mi |
| SCHARBAUER C NW | FOUNDERS OIL & GAS OPERATING,LLC | 0.59 mi |
| SCHARBAUER C NW | RING ENERGY, INC. | 0.65 mi |
| EIDSON "B" | CONOCOPHILLIPS COMPANY | 0.68 mi |
| MILLARD -C- | CONOCOPHILLIPS COMPANY | 0.70 mi |
| SCHARBAUER C NW | RING ENERGY, INC. | 0.71 mi |
| MILLARD -C- | CONOCOPHILLIPS COMPANY | 0.76 mi |
The 10 nearest are listed. 175 leases in all have a centre within 5 miles of this one.
Operators who reported on those leases
Taken from the same 5-mile set above. This is who filed production, not who holds acreage — the state publishes no acreage register.
- FOUNDERS OIL & GAS OPERATING,LLC 7 leases, nearest 0.13 mi
- RING ENERGY, INC. 21 leases, nearest 0.26 mi
- PHILLIPS PETROLEUM COMPANY 9 leases, nearest 0.44 mi
- CONOCOPHILLIPS COMPANY 10 leases, nearest 0.68 mi
- CROSS TIMBERS ENERGY, LLC 34 leases, nearest 0.96 mi
- DIAMONDBACK E&P LLC 1 lease, nearest 1.27 mi
Every month this lease reported (47)
Volume × price = value, one row per cycle. The price columns are the same series published on the prices page — nothing here is modelled.
47 months
| May 2026 | 10,454 | 48,307 | 106.41 | 3.05 | $1,259,546 |
| Apr 2026 | 9,875 | 47,276 | 98.93 | 2.87 | $1,112,603 |
| Mar 2026 | 10,798 | 48,053 | 89.75 | 3.15 | $1,120,461 |
| Feb 2026 | 10,310 | 43,920 | 63.50 | 3.75 | $819,399 |
| Jan 2026 | 10,713 | 47,118 | 59.13 | 8.00 | $1,010,306 |
| Dec 2025 | 11,307 | 48,188 | 56.66 | 4.41 | $853,326 |
| Nov 2025 | 11,477 | 48,832 | 58.59 | 3.93 | $864,173 |
| Oct 2025 | 11,830 | 52,474 | 59.38 | 3.30 | $875,884 |
| Sep 2025 | 12,638 | 51,071 | 62.74 | 3.08 | $950,050 |
| Aug 2025 | 12,699 | 50,618 | 63.93 | 3.01 | $964,448 |
| Jul 2025 | 11,351 | 48,411 | 66.74 | 3.32 | $918,058 |
| Jun 2025 | 10,766 | 49,555 | 66.48 | 3.13 | $870,767 |
| May 2025 | 12,491 | 51,849 | 60.55 | 3.23 | $923,923 |
| Apr 2025 | 13,627 | 56,801 | 62.36 | 3.54 | $1,051,032 |
| Mar 2025 | 14,548 | 54,469 | 67.70 | 4.27 | $1,217,391 |
| Feb 2025 | 10,557 | 34,886 | 70.88 | 4.34 | $899,715 |
| Jan 2025 | 12,482 | 45,793 | 74.32 | 4.28 | $1,123,596 |
| Dec 2024 | 13,696 | 52,075 | 68.99 | 3.12 | $1,107,432 |
| Nov 2024 | 12,431 | 39,899 | 69.05 | 2.20 | $946,076 |
| Oct 2024 | 12,233 | 36,488 | 71.37 | 2.28 | $956,313 |
| Sep 2024 | 13,759 | 40,273 | 69.61 | 2.36 | $1,052,984 |
| Aug 2024 | 15,565 | 44,230 | 75.63 | 2.06 | $1,268,455 |
| Jul 2024 | 11,084 | 38,791 | 79.93 | 2.15 | $969,212 |
| Jun 2024 | 12,484 | 34,052 | 78.08 | 2.63 | $1,064,443 |
| May 2024 | 13,277 | 20,738 | 78.81 | 2.20 | $1,091,952 |
| Apr 2024 | 14,000 | 42,692 | 84.45 | 1.66 | $1,253,135 |
| Mar 2024 | 16,676 | 51,294 | 80.30 | 1.55 | $1,418,339 |
| Feb 2024 | 15,434 | 43,207 | 76.09 | 1.78 | $1,251,439 |
| Jan 2024 | 17,330 | 42,393 | 73.02 | 3.30 | $1,405,234 |
| Dec 2023 | 16,855 | 34,336 | 71.26 | 2.61 | $1,290,729 |
| Nov 2023 | 18,415 | 37,346 | 77.89 | 2.81 | $1,539,195 |
| Oct 2023 | 16,908 | 31,770 | 85.44 | 3.09 | $1,542,702 |
| Sep 2023 | 18,219 | 41,066 | 89.04 | 2.74 | $1,734,537 |
| Aug 2023 | 18,661 | 35,524 | 80.52 | 2.67 | $1,597,535 |
| Jul 2023 | 22,348 | 7,298 | 74.85 | 2.64 | $1,692,028 |
| Jun 2023 | 26,203 | 185 | 68.96 | 2.26 | $1,807,377 |
| May 2023 | 29,134 | 0 | 70.62 | 2.23 | $2,057,443 |
| Apr 2023 | 33,383 | 30,936 | 78.12 | 2.24 | $2,677,107 |
| Mar 2023 | 40,730 | 31,604 | 72.85 | 2.39 | $3,042,814 |
| Feb 2023 | 50,537 | 29,253 | 75.11 | 2.47 | $3,867,963 |
| Jan 2023 | 48,152 | 14,896 | 76.53 | 3.39 | $3,735,536 |
| Dec 2022 | 23,790 | 0 | 76.41 | 5.73 | $1,817,794 |
| Nov 2022 | 0 | 0 | 85.00 | 5.65 | $0 |
| Oct 2022 | 9,242 | 6,543 | 87.18 | 5.86 | $844,084 |
| Sep 2022 | 11,786 | 0 | 84.88 | 8.16 | $1,000,396 |
| Aug 2022 | 14,878 | 1,560 | 94.52 | 9.13 | $1,420,507 |
| Jul 2022 | 9,481 | 6,599 | 101.58 | 7.54 | $1,012,850 |
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.
Oil 10,454 bbl × $106.41 = $1,112,410 Casinghead gas 48,307 Mcf × $ 3.05 = $147,135 ──────────────────────────────────────────────────── Month total $1,259,546
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/57551 is the state's own key, not one this site invented.