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Texas oil lease

Producing

MILLARD -B-

Millard -B- is an oil lease in Ector County, Texas, operated by Ring Energy, Inc. in the Penwell (Clear Fork 5100) field.

7 wells

130,626bbl oil, last 12 months−15% vs prior year
Operator
Ring Energy, Inc.
County
Ector County
Field
Penwell (Clear Fork 5100)
RRC lease
08-57551

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Where it sits

This county

Ector CountyEctorMartinMidlandAndrewsWinklerWardEctor County
Ector County
Gas, last 12 months
576,108 mcf
Oil in Jul 2026
9,312 bbl

Production by month

Oil output fell 15% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 15% over the last 12 monthsMonthly oil production and gas for MILLARD -B-, Aug 2023 to Jul 2026. Oil output fell 15% over the last 12 months. 130,626 bbl in the 12 months through Jul 2026, against 153,354 bbl in the 12 months before.Last 12 months: 130,626 bblbbl per monthmcf per month005,00020k10k40k15k60k20k80kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 15% over the last 12 monthsMonthly oil production and gas for MILLARD -B-, Aug 2023 to Jul 2026. Oil output fell 15% over the last 12 months. 130,626 bbl in the 12 months through Jul 2026, against 153,354 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month005,00020k10k40k15k60k20k80kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

79% 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)
79% 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. 79% 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
79% 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. 79% 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, through Jul 2026.

  • Processing plant (3)

    79% · 456,831 mcf

  • Flared (4)

    21% · 119,277 mcf

20.7% of the gas flared in the last 12 months. 28 months above 3%.

Who has run this lease

The operator changed once, most recently in Aug 2023

Operators of this lease over timeFounders Oil & Gas Operating,llc, Jul 2022 to Jul 2023; Ring Energy, Inc., Aug 2023 to Jul 20262023202420252026Changed Aug 2023Founders Oil & Gas Operating,…Jul 2022 to Jul 2023Ring Energy, Inc.Aug 2023 to now
Operators of this lease over timeFounders Oil & Gas Operating,llc, Jul 2022 to Jul 2023; Ring Energy, Inc., Aug 2023 to Jul 20262023202420252026Changed Aug 2023Founders Oil & Gas Operating,llcJul 2022 to Jul 2023Ring Energy, Inc.Aug 2023 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

7 wells on this lease

Wells on MILLARD -B-
API numberWell no.Status
42-135-43866105Active
42-135-43879108Active
42-135-43902109Active
42-135-43925111Active
42-135-43926113Active
42-135-44009116Active
42-135-44038117Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%From
Anchor Crude Marketing, LLCOilGathers100Jul 10, 2022
Dcp Operating Company, LPCasinghead gasBuys100Jul 10, 2022
Dcp Operating Company, LPCasinghead gasGathers100Jul 10, 2022

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

Who buys my oilOil price check

480 acres on the newest permit

12 wells are listed on this lease

Permits for Millard -B-
API numberWell no.Acreson the permit
42-135-44038117480
42-135-44009116480
42-135-43926113480
42-135-43925111480
42-135-43902109480
42-135-43828104480
42-135-072391480
42-135-43806102480
42-135-43825103480
42-135-43803101480
42-135-43879108480
42-135-43866105480

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 MILLARD -B-
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Ring Energy,9,3129,14145,37140,9984,373$80.46$2.89
Jun 2026Ring Energy,9,2599,29344,88040,5124,368$84.81$3.15
May 2026Ring Energy,10,47410,45448,30726,64721,660$102.13$2.94
Apr 2026Ring Energy,9,8239,87547,27617,85329,423$100.32$2.77
Mar 2026Ring Energy,10,79510,79848,05329,90718,146$91.38$3.04
Feb 2026Ring Energy,10,26510,31043,92043,9200$64.51$3.62
Jan 2026Ring Energy,10,78310,71347,11846,921197$60.04$7.72
Dec 2025Ring Energy,11,29111,30748,18842,7205,468$57.97$4.26
Nov 2025Ring Energy,11,42211,47748,83243,3005,532$60.06$3.79
Oct 2025Ring Energy,11,80911,83052,47452,174300$60.89$3.19
Sep 2025Ring Energy,12,68312,63851,07149,0712,000$63.96$2.97
Aug 2025Ring Energy,12,71012,69950,61822,80827,810$64.86$2.91
Jul 2025Ring Energy,11,41111,35148,41127,09521,316$68.39$3.20
Jun 2025Ring Energy,10,70510,76649,555049,555$68.17$3.02
May 2025Ring Energy,12,40612,49151,849051,849$62.17$3.12
Apr 2025Ring Energy,13,64313,62756,8018,45948,342$63.54$3.42
Mar 2025Ring Energy,14,53914,54854,46934,32020,149$68.24$4.12
Feb 2025Ring Energy,10,48310,55734,88628,2816,605$71.53$4.19
Jan 2025Ring Energy,12,54912,48245,79325,17220,621$75.74$4.13
Dec 2024Ring Energy,13,81213,69652,07515,36836,707$70.12$3.01
Nov 2024Ring Energy,12,39612,43139,89926,05113,848$69.95$2.12
Oct 2024Ring Energy,12,02312,23336,48835,4051,083$71.99$2.20
Sep 2024Ring Energy,13,72113,75940,27340,088185$70.24$2.28
Aug 2024Ring Energy,15,66615,56544,23034,12910,101$76.68$1.99
Jul 2024Ring Energy,10,96011,08438,79127,19311,598$81.80$2.07
Jun 2024Ring Energy,12,52812,48434,05232,5571,495$79.77$2.54
May 2024Ring Energy,13,01813,27720,73819,3151,423$80.02$2.12
Apr 2024Ring Energy,13,97814,00042,69241,2051,487$85.35$1.60
Mar 2024Ring Energy,16,67216,67651,29450,2201,074$81.28$1.49
Feb 2024Ring Energy,15,40015,43443,20741,8811,326$77.25$1.72
Jan 2024Ring Energy,17,33817,33042,39342,3930$74.15$3.18
Dec 2023Ring Energy,16,92416,85534,33634,3360$71.90$2.52
Nov 2023Ring Energy,18,38618,41537,34620,26517,081$77.69$2.71
Oct 2023Ring Energy,16,88816,90831,77017,85013,920$85.64$2.98
Sep 2023Ring Energy,18,08418,21941,06633,8177,249$89.43$2.64
Aug 2023Ring Energy,18,45618,66135,52424,41711,107$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.FieldPenwell (Clear Fork 5100)CountyEctor County

Ring Energy, Inc. in Ector County

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Penwell (Clear Fork 5100) field

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