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LONGHORN 708

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 70823District 8AField 71823666OilCasinghead gasSave
Value, all time
$66.8 M
Oct 2018 – May 2026
Value, last 12 filed months
$10.8 M
at the published price for each month
Months reported
92
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
OilDisposition889,254 bbl$59,923,174
Casinghead gasProduction1,904,414 Mcf$6,887,488
Total$66,810,662

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 33.0446, -102.9702. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.4 miles.

33.04458, -102.97036 · 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 4 wells
With a plug date
0.0%
0 of 4 wells
Median depth
5,203 ft
4 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.
4100.0%

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 5,195 and 5,231 ft, median 5,203 ft, over the 4 wells that filed a depth.

Completions filed
Oct 2018 – May 2023
4 of 4 wells

4 wells

42-5013726215XH5,206 ftMay 2023——
42-501372613XH5,231 ftMar 2023——
42-501371412XH5,195 ftJun 2019——
42-501369831XH5,200 ftOct 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 (92)

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

92 months

May 20269,24356,758106.413.05$1,156,423
Apr 20269,67549,03898.932.87$1,097,873
Mar 202610,85749,05789.753.15$1,128,918
Feb 202610,19348,20863.503.75$828,051
Jan 20268,74046,89059.138.00$891,819
Dec 20258,15446,92356.664.41$669,094
Nov 20259,28147,65658.593.93$730,892
Oct 202510,73250,37659.383.30$803,751
Sep 20259,30545,66862.743.08$724,312
Aug 202510,96953,47763.933.01$862,468
Jul 202511,56054,28966.743.32$951,493
Jun 202511,80248,55266.483.13$936,503
May 202511,12154,28060.553.23$848,827
Apr 202510,85333,54162.363.54$795,633
Mar 202510,96132,74567.704.27$881,826
Feb 20257,85225,06270.884.34$665,340
Jan 202511,56628,34874.324.28$980,877
Dec 202413,62130,55868.993.12$1,035,096
Nov 202414,20126,80469.052.20$1,039,506
Oct 202414,07626,25271.372.28$1,064,495
Sep 202413,41923,77869.612.36$990,316
Aug 202415,04025,64575.632.06$1,190,397
Jul 202411,85416,26379.932.15$982,400
Jun 20248,81514,87678.082.63$727,458
May 20245,40311,25878.812.20$450,560
Apr 20248,45515,63484.451.66$739,965
Mar 202410,2579,39580.301.55$838,154
Feb 202412,0628,90576.091.78$933,681
Jan 202413,24412,87073.023.30$1,009,518
Dec 202314,67927,12071.262.61$1,116,828
Nov 202312,11825,84577.892.81$1,016,432
Oct 202313,88027,32285.443.09$1,270,258
Sep 202313,02325,69389.042.74$1,229,839
Aug 202310,29219,77180.522.67$881,557
Jul 202310,42511,90974.852.64$811,772
Jun 202311,7909,54468.962.26$834,593
May 202310,86813,89670.622.23$798,450
Apr 202313,28920,24978.122.24$1,083,449
Mar 20237,94613,18172.852.39$610,410
Feb 20234,98115,07475.112.47$411,291
Jan 20236,21217,89476.533.39$536,024
Dec 20226,33021,93676.415.73$609,348
Nov 20226,89422,27185.005.65$711,737
Oct 20227,37124,21487.185.86$784,589
Sep 20226,85523,23684.888.16$771,544
Aug 20225,80519,85194.529.13$729,872
Jul 20226,87522,571101.587.54$868,595
Jun 20226,52715,374115.097.98$873,834
May 20227,63117,288109.378.43$980,393
Apr 20228,12813,218104.226.84$937,480
Mar 20228,56814,546108.885.08$1,006,725
Feb 20227,2928,81391.054.86$706,758
Jan 20229,49818,29281.844.54$860,320
Dec 20216,34417,23171.323.90$519,640
Nov 20217,19110,09877.435.24$609,681
Oct 20217,4589,58679.795.71$649,847
Sep 20216,70617,75969.865.35$563,508
Aug 20218,82823,37466.024.22$681,477
Jul 20218,88316,96170.783.98$696,279
Jun 20219,7448,40269.493.38$705,515
May 20218,96714,74463.483.02$613,718
Apr 20219,74818,83560.362.76$640,344
Mar 202110,94419,74761.302.72$724,519
Feb 20215,66510,16457.805.55$383,826
Jan 20217,95920,54450.412.81$458,947
Dec 202011,14523,23344.642.68$559,672
Nov 202010,09917,25438.772.71$438,237
Oct 202010,31421,50336.972.48$434,602
Sep 202012,89418,05937.091.99$514,195
Aug 202011,83514,30939.982.39$507,292
Jul 20207,1916,84738.371.83$288,415
Jun 20206,7297,07034.901.69$246,793
May 2020047716.921.81$866
Apr 20206,0997,66614.751.80$103,793
Mar 202010,95816,33030.341.86$362,778
Feb 20208,89314,26649.881.98$471,839
Jan 202017,91025,69457.252.09$1,079,170
Dec 201918,67617,77259.012.30$1,143,024
Nov 20199,4966,98455.302.75$544,340
Oct 201910,99814,05753.472.42$622,060
Sep 201914,17013,45255.052.66$815,804
Aug 20198,51511,79653.112.30$479,414
Jul 20197,3953,28556.272.46$424,198
Jun 20193,69155652.782.49$196,196
May 201937022158.482.74$22,243
Apr 20197,7216,81962.632.75$502,323
Mar 201910,11011,30256.803.06$608,856
Feb 201911,7816,48350.852.79$617,166
Jan 201913,6696,11746.033.23$648,931
Dec 201813,301046.594.19$619,694
Nov 201811,367052.934.24$601,655
Oct 20184,9023,20361.443.40$312,063

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                9,243 bbl  × $106.41 =   $983,548
Casinghead gas    56,758 Mcf  × $  3.05 =   $172,876

────────────────────────────────────────────────────
Month total                               $1,156,423

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/70823 is the state's own key, not one this site invented.