BEARKAT 599

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

Oil lease lease 70534District 8AField 71823666OilCasinghead gasSave
Value, all time
$40.5 M
May 2016 – May 2026
Value, last 12 filed months
$10.0 M
at the published price for each month
Months reported
121
no gaps in the span
Streams
2
oil, casinghead gas

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
OilDisposition581,102 bbl$38,211,470
Casinghead gasProduction696,731 Mcf$2,313,850
Total$40,525,321

Wells on this lease (3)

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 33.1092, -103.0002. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.9 miles.

33.10905, -102.99917 · 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 3 wells
With a plug date
0.0%
0 of 3 wells
Median depth
5,301 ft
3 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.
3100.0%

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 5,278 and 5,347 ft, median 5,301 ft, over the 3 wells that filed a depth.

Completions filed
May 2016 – Sep 2017
3 of 3 wells

3 wells

42-501366842H5,278 ftSep 2017
42-501367493H5,301 ftJun 2017
42-501366831H5,347 ftMay 2016

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 (121)

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

121 months

May 202631,85743,006106.413.05$3,520,893
Apr 202626,58531,65898.932.87$2,720,904
Mar 202619,21916,17689.753.15$1,775,851
Feb 20267,22012,09663.503.75$503,834
Jan 20261,4633,90259.138.00$117,715
Dec 20253,1986,62156.664.41$210,420
Nov 20252,6037,25358.593.93$180,988
Oct 20252,1916,43659.383.30$151,372
Sep 20253,1768,81862.743.08$226,395
Aug 20252,0456,79563.933.01$151,222
Jul 20252,7636,11966.743.32$204,688
Jun 20252,7328,58466.483.13$208,480
May 20252,6089,82860.553.23$189,682
Apr 20252,5879,17862.363.54$193,844
Mar 20253,1018,80167.704.27$247,503
Feb 20252,2636,33870.884.34$187,914
Jan 20252,7745,41174.324.28$229,316
Dec 20242,7645,30868.993.12$207,257
Nov 20242,4736,98369.052.20$186,112
Oct 20242,83911,53071.372.28$228,924
Sep 20242,81611,78069.612.36$223,874
Aug 20242,65811,36175.632.06$224,469
Jul 20243,34910,85579.932.15$290,987
Jun 20242,4418,20878.082.63$212,213
May 20243,7277,09878.812.20$309,329
Apr 20243,6726,98484.451.66$321,688
Mar 20243,8848,23480.301.55$324,608
Feb 20243,3738,23176.091.78$271,333
Jan 20243,5347,81673.023.30$283,827
Dec 20231,7685,09171.262.61$139,279
Nov 20231,9426,48677.892.81$169,472
Oct 20231,8963,94985.443.09$174,186
Sep 20231,9383,88089.042.74$183,171
Aug 20232,2983,99380.522.67$195,708
Jul 20232,2723,75074.852.64$179,966
Jun 20231,9534,46368.962.26$144,758
May 20232,2984,58170.622.23$172,488
Apr 20231,9364,74378.122.24$161,854
Mar 20232,6504,69172.852.39$204,279
Feb 20232,1324,08875.112.47$170,214
Jan 20232,6634,82576.533.39$220,145
Dec 20222,6145,20076.415.73$229,527
Nov 20222,9965,21385.005.65$284,094
Oct 20223,1215,76387.185.86$305,882
Sep 20222,7935,81084.888.16$284,501
Aug 20223,1426,23394.529.13$353,871
Jul 20223,3557,409101.587.54$396,680
Jun 20222,5026,038115.097.98$336,122
May 20223,9127,567109.378.43$491,668
Apr 20223,5967,343104.226.84$424,984
Mar 20224,6108,332108.885.08$544,233
Feb 20222,3064,04091.054.86$229,591
Jan 20223,0315,47981.844.54$272,919
Dec 20212,9585,43971.323.90$232,172
Nov 20214,0966,50177.435.24$351,198
Oct 20213,5377,20379.795.71$323,374
Sep 20213,9472,00569.865.35$286,466
Aug 20214,2492,11566.024.22$289,446
Jul 20214,3512,00070.783.98$315,928
Jun 20213,7992,12069.493.38$271,159
May 20213,2152,05263.483.02$210,280
Apr 20214,9122,11060.362.76$302,309
Mar 20214,9192,11461.302.72$307,278
Feb 20214,3775,20557.805.55$281,868
Jan 20215,25210,38350.412.81$293,932
Dec 20205,4919,11844.642.68$269,513
Nov 20204,5935,89038.772.71$194,012
Oct 20204,2507,47036.972.48$175,636
Sep 20205,6439,37137.091.99$227,957
Aug 20206,25810,51539.982.39$275,274
Jul 20207,8238,97738.371.83$316,553
Jun 20205,0895,31534.901.69$186,590
May 202001,43316.921.81$2,601
Apr 20203,9625,26214.751.80$67,934
Mar 20205,9446,96530.341.86$193,270
Feb 20205,2447,58749.881.98$276,598
Jan 20206,1279,59857.252.09$370,876
Dec 20195,4877,99859.012.30$342,218
Nov 20195,5896,75455.302.75$327,650
Oct 20195,1175,05453.472.42$285,829
Sep 20194,7515,57655.052.66$276,360
Aug 20195,8579,07953.112.30$331,987
Jul 20197,86611,36756.272.46$470,583
Jun 20195,9128,14252.782.49$332,319
May 20194,5137,20158.482.74$283,653
Apr 20197,3938,42162.632.75$486,187
Mar 20196,9377,27556.803.06$416,298
Feb 20197,3223,24050.852.79$381,370
Jan 20196,214046.033.23$286,030
Dec 20185,533046.594.19$257,782
Nov 20185,693052.934.24$301,330
Oct 20187,902061.443.40$485,499
Sep 20188,354059.543.11$497,397
Aug 20186,863059.403.07$407,662
Jul 20187,915065.142.93$515,583
Jun 20188,544060.183.08$514,178
May 20186,701065.382.90$438,111
Apr 20186,861063.842.90$438,006
Mar 20186,934061.222.79$424,499
Feb 20188,184061.782.77$505,608
Jan 20188,620062.874.01$541,939
Dec 201710,550057.272.92$604,199
Nov 20179,539055.423.12$528,651
Oct 20179,530049.292.98$469,734
Sep 20173,829047.523.09$181,954
Aug 20176,1005,49645.373.00$293,269
Jul 20176,0246,87843.873.09$285,507
Jun 20174,4824,41742.493.09$204,077
May 20174,9444,87245.373.26$240,209
Apr 20174,3864,21347.933.21$223,751
Mar 20175,5625,11146.772.98$275,384
Feb 20175,3064,80150.452.95$281,863
Jan 20177,0105,91249.413.42$366,576
Dec 20165,1103,25048.763.72$261,263
Nov 20165,0153,05042.492.64$221,153
Oct 20162,9781,50146.193.09$142,192
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

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               31,857 bbl  × $106.41 = $3,389,903
Casinghead gas    43,006 Mcf  × $  3.05 =   $130,989

────────────────────────────────────────────────────
Month total                               $3,520,893

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. 8A/O/70534 is the state's own key, not one this site invented.