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Royalty Clerk

Texas oil lease · RRC district 08 · Lease 44923

Producing

MILLARD -B-

Millard -B- is an oil lease in Ector County, Texas, operated by Ring Energy, Inc. in the Penwell (Devonian) field. The Railroad Commission shows 4,056 bbl of oil in the 12 months through Jul 2026.

Oil lease dossier · 1 well

4,056bbl oil, last 12 months−3% vs prior year
Operator
Ring Energy, Inc.
County
Ector County
Field
Penwell (Devonian)
RRC lease
08-44923

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Where it sits

This county

Ector CountyEctorMartinMidlandAndrewsWinklerWardEctor County
Ector County · RRC district 08Open Ector County →
Gas, last 12 months
12,705 mcf
Oil in Jul 2026
514 bbl
Reporting to the state
since Jan 2020
Wells
1

Production

Month by month, from the state record

What the Railroad Commission says this oil lease produced. Oil is in barrels (bbl). Gas is in thousand cubic feet (mcf).

Oil output fell 3% over the last 12 months

4,056 bbl in the 12 months through Jul 2026, against 4,190 bbl in the 12 months before.

  • Oil (bars, left axis)
  • Gas (line, right axis)
  • Last 12 months
Oil output fell 3% over the last 12 monthsMonthly oil production and gas for MILLARD -B-, Aug 2023 to Jul 2026. Oil output fell 3% over the last 12 months. 4,056 bbl in the 12 months through Jul 2026, against 4,190 bbl in the 12 months before.Last 12 months: 4,056 bblbbl per monthmcf per month002001,0004002,0006003,0008004,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 3% over the last 12 monthsMonthly oil production and gas for MILLARD -B-, Aug 2023 to Jul 2026. Oil output fell 3% over the last 12 months. 4,056 bbl in the 12 months through Jul 2026, against 4,190 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002001,0004002,0006003,0008004,000Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, oil lease 44923, district 08. Reported through Jul 2026. The state revises recent months.

Gas disposition

Where the gas went

Every month the operator tells the state where each mcf of gas went, using a code. The code decides how your gas is paid.

73% of the gas went to a processing plant in the last 12 months

Flaring peaked at 100.0% of the gas in May 2025.

  • Processing plant (3)
  • Flared (4)
73% of the gas went to a processing plant in the last 12 monthsShare of MILLARD -B- gas by disposition code each month, Aug 2023 to Jul 2026. 73% of the gas went to a processing plant in the last 12 months. Flaring peaked at 100.0% of the gas in May 2025.Share of the lease’s gas by disposition code, per month0%50%100%Flared 100.0%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
73% of the gas went to a processing plant in the last 12 monthsShare of MILLARD -B- gas by disposition code each month, Aug 2023 to Jul 2026. 73% of the gas went to a processing plant in the last 12 months. Flaring peaked at 100.0% of the gas in May 2025.Share of gas by disposition code0%50%100%Flared 100.0%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, gas disposition by code, lease 44923, district 08. Reported through Jul 2026.

Processing plant (3)

Sent to a gas plant that pulls out natural gas liquids. Your statement should show plant products, and may show processing fees.

Flared (4)

Burned off or vented, not sold. It pays no royalty. More than 3% in a month is worth watching.

Over the last 12 months, 26.9% of the gas was flared. 28 months went above 3%, which we mark in the ledger below.

Operator history

Who has run this lease

The operator runs the wells and pays your royalty. When the operator changes, payments often slip for a month or two.

The operator changed once, most recently in Aug 2023

If your statements skip or shrink around a change, ask the new operator's owner relations department whether the month is in suspense.

Operators of this lease over timeFounders Oil & Gas Operating,llc, Jan 2020 to Jul 2023; Ring Energy, Inc., Aug 2023 to Jul 20262020202120222023202420252026Changed Aug 2023Founders Oil & Gas Operating,…Jan 2020 to Jul 2023Ring Energy, Inc.Aug 2023 to now
Operators of this lease over timeFounders Oil & Gas Operating,llc, Jan 2020 to Jul 2023; Ring Energy, Inc., Aug 2023 to Jul 20262020202120222023202420252026Changed Aug 2023Founders Oil & Gas Operating,llcJan 2020 to Jul 2023Ring Energy, Inc.Aug 2023 to now

SourceTexas Railroad Commission Production Data Query, operator by month. Reported through Jul 2026.

Wells

1 well on this lease

Every well the Railroad Commission links to oil lease 44923 in district 08. The API number is the state’s ID for a well.
Wells on MILLARD -B-
API numberWell no.Status
42-135-4227325Active

SourceTexas Railroad Commission Wellbore Query, district 08, lease 44923.

Who buys and gathers

Who moves and buys this lease's production

The operator files a Form P-4 with the Railroad Commission naming the companies authorised to gather and buy the oil and gas. The buyer's price is the one your royalty is figured on.

  • Oil

    Anchor Crude Marketing, LLC gathers it.

    100% of it, on the list since Aug 15, 2023

  • Gas from oil wells

    Dcp Operating Company, LP buys and gathers it.

    Dcp Operating Company, LP buys it: 100% of it, on the list since Apr 1, 2017 · Dcp Operating Company, LP gathers it: 100% of it, on the list since Apr 1, 2017

Companies that used to be listed: Sentinel Transportation, LLC (gathers it, until Aug 15, 2023); Cp Energy, L.l.c. (gathers it, until Mar 1, 2019); Enterprise Crude Oil LLC (gathers it, until Mar 1, 2019).

SourceRailroad Commission of Texas, Form P-4 file, dated Sep 24, 2026 (source). A listed company is authorised to move or buy the production; the state does not say what it paid.

Who buys my oil and gasIs my oil price fair?

Unit and wells

640 acres on the newest permit

Acres and wells as the operator filed them on its Railroad Commission drilling permits. Your decimal is your net acres over the unit acres, so this is the number to hold your division order against.
Wells on the permits
11 not plugged
Horizontal
0
First completion
Jun 14, 2013
Latest permit
Mar 25, 2013
Wells and acres on the permits for Millard -B-
API numberWell no.Acreson the permit
42-135-4227325640

SourceRailroad Commission of Texas, drilling permits and wellbore file, Sep 26, 2026 (source 1, source 2). The acres are what the operator filed; they are not a survey.

Check my decimal against the unit

What the operator reported

What Ring Energy, Inc. told investors it received

Ring Energy, Inc. is linked to Ring Energy, Inc. (REI). Public companies report the average price they realize each quarter. It is an average across everything the company operates, not the price on this lease.
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 on SEC EDGAR, prices before hedging where the company states both. Read by machine from each filing’s tables; the link opens the filing so you can check the figure.

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Estimator

Estimate your royalty for this lease

A rough check before you look at a statement: the state volumes times your decimal, priced at WTI and Henry Hub.

Estimator

What could your check be?

Your decimal interest is the small number on your division order that says what share of the whole lease (8/8ths) is yours. Type it in and we apply it to what the state says MILLARD -B- sold each month.

For example 0.00097656, or a fraction like 1/1024.

Dollars per barrel. Your statements show the gap your operator uses. Leave 0 to price oil at WTI.

Your estimate appears here

Enter your decimal to see an estimated royalty for each of the last 12 months this lease reported. Nothing you type leaves your browser.

An estimate, not your check

It ignores gathering and processing fees, taxes, plant products and the price your operator actually gets, so your statement will differ. Use it as a ceiling to compare against. Regional gas prices are often below Henry Hub.

Ledger

36 months, newest first

Compare these numbers with your statements. Your share of a month is the “Oil sold” volume times your decimal. Scroll sideways on a phone.
Monthly production, disposition and prices for MILLARD -B-
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3Flaredmcf, code 4WTI$ per bblHenry Hub$ per MMBtu
Jul 2026Ring Energy,51448653251220$80.46$2.89
Jun 2026Ring Energy,00000$84.81$3.15
May 2026Ring Energy,00000$102.13$2.94
Apr 2026Ring Energy,3283331,292545747$100.32$2.77
Mar 2026Ring Energy,4144131,532948584$91.38$3.04
Feb 2026Ring Energy,3863891,4001,4000$64.51$3.62
Jan 2026Ring Energy,4084051,3961,3906$60.04$7.72
Dec 2025Ring Energy,4084081,5631,380183$57.97$4.26
Nov 2025Ring Energy,4194221,4361,271165$60.06$3.79
Oct 2025Ring Energy,3913891,1321,1266$60.89$3.19
Sep 2025Ring Energy,3763761,1641,11747$63.96$2.97
Aug 2025Ring Energy,4124121,258567691$64.86$2.91
Jul 2025Ring Energy,3733711,103623480$68.39$3.20
Jun 2025Ring Energy,3043041,07201,072$68.17$3.02
May 2025Ring Energy,3143179960996$62.17$3.12
Apr 2025Ring Energy,3903891,3291961,133$63.54$3.42
Mar 2025Ring Energy,4094101,194751443$68.24$4.12
Feb 2025Ring Energy,329336904714190$71.53$4.19
Jan 2025Ring Energy,3923861,116596520$75.74$4.13
Dec 2024Ring Energy,3703661,098318780$70.12$3.01
Nov 2024Ring Energy,3583601,051692359$69.95$2.12
Oct 2024Ring Energy,3073091,0461,01333$71.99$2.20
Sep 2024Ring Energy,3533579559505$70.24$2.28
Aug 2024Ring Energy,291280968760208$76.68$1.99
Jul 2024Ring Energy,00912639273$81.80$2.07
Jun 2024Ring Energy,472,5601,3531,207$79.77$2.54
May 2024Ring Energy,315325733343390$80.02$2.12
Apr 2024Ring Energy,36036069263161$85.35$1.60
Mar 2024Ring Energy,39139173872315$81.28$1.49
Feb 2024Ring Energy,37237472468044$77.25$1.72
Jan 2024Ring Energy,50850886380657$74.15$3.18
Dec 2023Ring Energy,5075046576570$71.90$2.52
Nov 2023Ring Energy,4924921,333890443$77.69$2.71
Oct 2023Ring Energy,358357763463300$85.64$2.98
Sep 2023Ring Energy,329331705553152$89.43$2.64
Aug 2023Ring Energy,315319587396191$81.39$2.58

No report filed More than 3% of gas flared

SourceVolumes: Texas Railroad Commission Production Data Query, reported through Jul 2026. Prices: EIA WTI Cushing spot and Henry Hub spot, monthly, through Aug 2026. “Gas sold” is gas sent to a transmission line (code 2) or a plant (code 3).

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Around this lease

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Everything on this page connects to the operator, field and county records. Start from any of them.

This lease belongs to

OperatorRing Energy, Inc.FieldPenwell (Devonian)CountyEctor County

Ring Energy, Inc. in Ector County

All Ring Energy, Inc. leases →

Penwell (Devonian) field

No other producing leases in this field are in our data yet.

Leases within 10 km

Found by the location of their wells.

Drilling permits within 10 km

How to read this page

Questions owners ask

What is a decimal interest?

It is your share of the whole lease, written as a decimal. A 1/4 royalty on 5 net acres in a 1,280-acre unit is 1/4 × 5 ÷ 1,280 = 0.00097656. Your division order states yours.

How do I use this page to check a royalty check?

Take the “Oil sold” volume for the month the check covers and multiply it by your decimal. The answer should match the barrels on your statement. If it does not, upload the statement and we will show where the two differ.

Why is the newest month Jul 2026?

The Railroad Commission publishes production two to three months after the fact and revises recent months. We re-pull the latest three months on every update.

Does this page show what my check should be?

No. It shows what the state recorded. Prices, fees and taxes depend on your lease and on what your operator gets for the oil and gas. The estimator gives a ceiling to compare against.

Sources and method

Where these numbers come from

  • Production and disposition by month: Texas Railroad Commission Production Data Query, oil lease 44923, district 08, reported through Jul 2026.
  • Wells: Texas Railroad Commission Wellbore Query.
  • Prices: U.S. Energy Information Administration, WTI Cushing spot and Henry Hub spot, monthly.
  • Page updated Sep 28, 2026.

We show the state’s numbers as filed. Where the state has no report for a month, we say so instead of guessing.