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Texas oil lease

Producing

MEDUSA

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

1 well

4,173bbl oil, last 12 months−38% vs prior year
Operator
Ring Energy, Inc.
County
Gaines County
Field
Block A-34 (San Andres)
RRC lease
08-49868

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Where it sits

This county

Gaines CountyGainesYoakumDawsonTerryGaines County
Gaines County
Gas, last 12 months
3,769 mcf
Oil in Jul 2026
297 bbl

Production by month

Oil output fell 38% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 38% over the last 12 monthsMonthly oil production and gas for MEDUSA, Aug 2023 to Jul 2026. Oil output fell 38% over the last 12 months. 4,173 bbl in the 12 months through Jul 2026, against 6,774 bbl in the 12 months before.Last 12 months: 4,173 bblbbl per monthmcf per month005005001,0001,0001,5001,5002,0002,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 38% over the last 12 monthsMonthly oil production and gas for MEDUSA, Aug 2023 to Jul 2026. Oil output fell 38% over the last 12 months. 4,173 bbl in the 12 months through Jul 2026, against 6,774 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month005005001,0001,0001,5001,5002,0002,000Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

65% 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)
65% of the gas went to a processing plant in the last 12 monthsShare of MEDUSA gas by disposition code each month, Aug 2023 to Jul 2026. 65% 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
65% of the gas went to a processing plant in the last 12 monthsShare of MEDUSA gas by disposition code each month, Aug 2023 to Jul 2026. 65% 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)

    65% · 2,588 mcf

  • Flared (4)

    35% · 1,399 mcf

35.1% of the gas flared in the last 12 months. 30 months above 3%.

1 well on this lease

Wells on MEDUSA
API numberWell no.Status
42-165-385791HActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%From
Ring Energy, Inc.OilGathers100Nov 10, 2017
Dcp Operating Company, LPCasinghead gasBuys100Nov 10, 2017
Dcp Operating Company, LPCasinghead gasGathers100Nov 10, 2017

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

Who buys my oilOil price check

640 acres on the newest permit

  • Worth asking

    An allocation well is on this lease

    A well drilled across several tracts shares its production by an allocation formula, so the decimal is not always your acres over the unit acres. Ask the operator for the allocation formula and the tract factor for your land.

  • Worth asking

    A Rule 37 case is listed

    The RRC permit records list a Rule 37 case. This does not establish your royalty share. Ask for the permit and unit plat for your well.

Check your decimal on this lease
Permits for Medusa
API numberWell no.Acreson the permit
42-165-385791H640

SourceRailroad Commission drilling permits, Oct 3, 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 MEDUSA
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 202629731719112566$80.46$2.89
Jun 202652653618814741$84.81$3.15
May 202647645918715631$102.13$2.94
Apr 20261346716614026$100.32$2.77
Mar 2026020000$91.38$3.04
Feb 2026153751510$64.51$3.62
Jan 2026191243976235$60.04$7.72
Dec 2025677740279137142$57.97$4.26
Nov 2025571541867545322$60.06$3.79
Oct 2025466444885533352$60.89$3.19
Sep 2025407418685403282$63.96$2.97
Aug 202541341517312152$64.86$2.91
Jul 202545245321816850$68.39$3.20
Jun 202558858433531124$68.17$3.02
May 2025559587390177213$62.17$3.12
Apr 202552358426017882$63.54$3.42
Mar 20256766204564524$68.24$4.12
Feb 202536138991288230$71.53$4.19
Jan 20254994791,9801,780200$75.74$4.13
Dec 20246196411,371837534$70.12$3.01
Nov 20247447091,3951,113282$69.95$2.12
Oct 20246765331,002821181$71.99$2.20
Sep 20243084331,1901,018172$70.24$2.28
Aug 20247698051,4651,349116$76.68$1.99
Jul 2024808817441107334$81.80$2.07
Jun 2024808851429120309$79.77$2.54
May 202489188133127304$80.02$2.12
Apr 202484270715818140$85.35$1.60
Mar 2024682663610109501$81.28$1.49
Feb 20248668191,4572071,250$77.25$1.72
Jan 2024186369577281296$74.15$3.18
Dec 20231,2101,1991,5691,54326$71.90$2.52
Nov 20231,0311,0441,074811263$77.69$2.71
Oct 20231,2351,2371,1131,10112$85.64$2.98
Sep 20231,2511,242000$89.43$2.64
Aug 20231,2381,246721449272$81.39$2.58

Flared above 3%

SourceTexas Railroad Commission Production Data Query, through Jul 2026. Prices: EIA, through Aug 2026. Updated Oct 2, 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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