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Texas oil lease

Producing

GIG'EM 343

Gig'em 343 is an oil lease in Yoakum County, Texas, operated by Ring Energy, Inc. in the Platang (San Andres) field.

Oil lease dossier

5,435bbl oil, last 12 months+182% vs prior year
Operator
Ring Energy, Inc.
County
Yoakum County
Field
Platang (San Andres)
RRC lease
8A-71022

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Where it sits

This county

Yoakum CountyYoakumHockleyCochranTerryYoakum County
Yoakum County
Gas, last 12 months
3,766 mcf
Oil in Jul 2026
450 bbl

Production by month

Oil output rose 182% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output rose 182% over the last 12 monthsMonthly oil production and gas for GIG'EM 343, Aug 2023 to Jul 2026. Oil output rose 182% over the last 12 months. 5,435 bbl in the 12 months through Jul 2026, against 1,928 bbl in the 12 months before.Last 12 months: 5,435 bblbbl per monthmcf per month002001004002006003008004001,000500Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output rose 182% over the last 12 monthsMonthly oil production and gas for GIG'EM 343, Aug 2023 to Jul 2026. Oil output rose 182% over the last 12 months. 5,435 bbl in the 12 months through Jul 2026, against 1,928 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002001004002006003008004001,000500Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

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

Flaring peaked at 100.0% of the gas in Nov 2024.

  • Processing plant (3)
  • Flared (4)
All of the gas went to a processing plant in the last 12 monthsShare of GIG'EM 343 gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to a processing plant in the last 12 months. Flaring peaked at 100.0% of the gas in Nov 2024.Share of the lease’s gas by disposition code, per month0%50%100%Flared 100.0%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
All of the gas went to a processing plant in the last 12 monthsShare of GIG'EM 343 gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to a processing plant in the last 12 months. Flaring peaked at 100.0% of the gas in Nov 2024.Share of gas by disposition code0%50%100%Flared 100.0%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Wells on this lease

No wells are linked to this lease in our data

Production is still reported at lease level.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Sentinel Transportation, LLCOilGathers100Jun 1, 2020–
Targa San Andres Gas Services LlCasinghead gasBuys100Mar 1, 2026–
Targa San Andres Gas Utility LLCCasinghead gasGathers100Mar 1, 2026–
Stakeholder Gas Utility, LLCCasinghead gasGathers100Dec 1, 2020Mar 1, 2026
Stakeholder Gas Services, LLCCasinghead gasBuys100Jun 1, 2022Mar 1, 2026
Bp Energy Co.Casinghead gasBuys100Jun 1, 2020Jun 1, 2022
Santa Fe Midstream Permian LLCCasinghead gasGathers100Jun 1, 2020Dec 1, 2020

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

Who buys my oilOil price check

324.95 acres on the newest permit

Permits for Gig'em 343
API numberWell no.Acreson the permit
42-501-369481H324.95

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 GIG'EM 343
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20264504734664660$80.46$2.89
Jun 20265136274754750$84.81$3.15
May 20263251694084080$102.13$2.94
Apr 20264564843493490$100.32$2.77
Mar 20265174723533530$91.38$3.04
Feb 20264735012632630$64.51$3.62
Jan 20265596202802800$60.04$7.72
Dec 20254634754064060$57.97$4.26
Nov 20254974773473470$60.06$3.79
Oct 20254153341921920$60.89$3.19
Sep 2025390454000$63.96$2.97
Aug 20253773162272270$64.86$2.91
Jul 20253554272222220$68.39$3.20
Jun 202534129722421014$68.17$3.02
May 20253533392142140$62.17$3.12
Apr 20253172951321320$63.54$3.42
Mar 202515818041041$68.24$4.12
Feb 2025530000$71.53$4.19
Jan 202519435313013$75.74$4.13
Dec 20241560665313$70.12$3.01
Nov 20241012012$69.95$2.12
Oct 20240176000$71.99$2.20
Sep 202400000$70.24$2.28
Aug 202400000$76.68$1.99
Jul 20243901411410$81.80$2.07
Jun 20248001651650$79.77$2.54
May 20242543591101037$80.02$2.12
Apr 20242201731071070$85.35$1.60
Mar 20241921811301300$81.28$1.49
Feb 20241381801421420$77.25$1.72
Jan 20241030902862$74.15$3.18
Dec 202347175000$71.90$2.52
Nov 202300000$77.69$2.71
Oct 2023170000$85.64$2.98
Sep 202386063630$89.43$2.64
Aug 20232533501821820$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.FieldPlatang (San Andres)CountyYoakum County

Ring Energy, Inc. in Yoakum County

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Platang (San Andres) field

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New drilling permits in Yoakum County

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