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Texas oil lease

Producing

AJAX

Ajax is an oil lease in Gaines County, Texas, operated by Ring Energy, Inc. in the Block A-34 (San Andres) field.

1 well

622bbl oil, last 12 months−66% vs prior year
Operator
Ring Energy, Inc.
County
Gaines County
Field
Block A-34 (San Andres)
RRC lease
08-50418

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Where it sits

This county

Gaines CountyGainesYoakumDawsonTerryGaines County
Gaines County
Gas, last 12 months
1,107 mcf
Oil in Jul 2026
158 bbl

Production by month

Oil output fell 66% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 66% over the last 12 monthsMonthly oil production and gas for AJAX, Aug 2023 to Jul 2026. Oil output fell 66% over the last 12 months. 622 bbl in the 12 months through Jul 2026, against 1,809 bbl in the 12 months before.Last 12 months: 622 bblbbl per monthmcf per month00100200200400300600400800Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 66% over the last 12 monthsMonthly oil production and gas for AJAX, Aug 2023 to Jul 2026. Oil output fell 66% over the last 12 months. 622 bbl in the 12 months through Jul 2026, against 1,809 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month00100200200400300600400800Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

83% of the gas went to a processing plant in the last 12 months

Flaring peaked at 91.8% of the gas in May 2024.

  • Processing plant (3)
  • Flared (4)
83% of the gas went to a processing plant in the last 12 monthsShare of AJAX gas by disposition code each month, Aug 2023 to Jul 2026. 83% of the gas went to a processing plant in the last 12 months. Flaring peaked at 91.8% of the gas in May 2024.Share of the lease’s gas by disposition code, per month0%50%100%Flared 91.8%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
83% of the gas went to a processing plant in the last 12 monthsShare of AJAX gas by disposition code each month, Aug 2023 to Jul 2026. 83% of the gas went to a processing plant in the last 12 months. Flaring peaked at 91.8% of the gas in May 2024.Share of gas by disposition code0%50%100%Flared 91.8%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    83% · 3,517 mcf

  • Flared (4)

    17% · 702 mcf

16.6% of the gas flared in the last 12 months. 20 months above 3%.

1 well on this lease

Wells on AJAX
API numberWell no.Status
42-165-386331HShut-in

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%From
Ring Energy, Inc.OilGathers100Jan 16, 2018
Dcp Operating Company, LPCasinghead gasBuys100Jan 16, 2018
Dcp Operating Company, LPCasinghead gasGathers100Jan 16, 2018

SourceRailroad Commission Form P-4 file, Sep 24, 2026 (source).

Who buys my oilOil price check

443.52 acres on the newest permit

An allocation well is on this lease

Permits for Ajax
API numberWell no.Acreson the permit
42-165-386331H443.52

SourceRailroad Commission drilling permits, Sep 26, 2026 (source 1, source 2).

Unit decimal checker

What Ring Energy, Inc. told investors it received

Ring Energy, Inc. is linked to Ring Energy, Inc. (REI).
Realized prices reported by Ring Energy, Inc.
QuarterOil$ per bblFiling
Q2 2026$95.45SEC filing
Q1 2026$68.97SEC filing
Q4 2025$57.47SEC filing
Q3 2025$64.32SEC filing
Q2 2025$62.69SEC filing
Q1 2025$70.40SEC filing

SourceRing Energy, Inc. quarterly reports, SEC EDGAR, company-wide averages before hedging.

Estimate your royalty

36 months, newest first

Ledger for AJAX
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 202615813129320192$80.46$2.89
Jun 202622427632526065$84.81$3.15
May 202619014241435361$102.13$2.94
Apr 20265020756510$100.32$2.77
Mar 202600000$91.38$3.04
Feb 202600000$64.51$3.62
Jan 202600000$60.04$7.72
Dec 202500000$57.97$4.26
Nov 202500000$60.06$3.79
Oct 202500000$60.89$3.19
Sep 202500000$63.96$2.97
Aug 202500000$64.86$2.91
Jul 202500000$68.39$3.20
Jun 202500000$68.17$3.02
May 202500000$62.17$3.12
Apr 202500000$63.54$3.42
Mar 202501281791790$68.24$4.12
Feb 20251961853393309$71.53$4.19
Jan 202524224948542659$75.74$4.13
Dec 2024186265264164100$70.12$3.01
Nov 2024315347562456106$69.95$2.12
Oct 202432727246137091$71.99$2.20
Sep 202427024641033872$70.24$2.28
Aug 202427326841237537$76.68$1.99
Jul 202420427942399324$81.80$2.07
Jun 202429418940092308$79.77$2.54
May 202421722129424270$80.02$2.12
Apr 202422020023123208$85.35$1.60
Mar 202430219716022138$81.28$1.49
Feb 202421321522131190$77.25$1.72
Jan 20242212620514461$74.15$3.18
Dec 20232002142392354$71.90$2.52
Nov 202315517523217557$77.69$2.71
Oct 20232122092912883$85.64$2.98
Sep 202314519424517867$89.43$2.64
Aug 2023243261326203123$81.39$2.58

Flared above 3%

SourceTexas Railroad Commission Production Data Query, through Jul 2026. Prices: EIA, through Aug 2026. Updated Sep 28, 2026.

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Nearby

This lease belongs to

OperatorRing Energy, Inc.FieldBlock A-34 (San Andres)CountyGaines County

Ring Energy, Inc. in Gaines County

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Block A-34 (San Andres) field

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