Texas oil lease · RRC district 08 · Lease 40583
No report in 6+ monthsMILLARD "C"
Millard "C" is an oil lease in Ector County, Texas, operated by Ring Energy, Inc. in the Penwell (Wichita Albany) field.
Oil lease dossier
- Operator
- Ring Energy, Inc.
- County
- Ector County
- RRC lease
- 08-40583
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Where it sits
This county
- Oil in May 2025
- 0 bbl
- Reporting to the state
- since Jan 2020
Production
Month by month, from the state record
No oil produced in the last 12 months
The last month with output was Oct 2022, at 748 bbl. 19 months were not reported. A red cross marks each one.
- Oil (bars, left axis)
- Gas (line, right axis)
- Last 12 months
SourceTexas Railroad Commission Production Data Query, oil lease 40583, district 08. Reported through Jul 2026. The state revises recent months.
Gas disposition
Where the gas went
All of the gas went to a processing plant in the 5 months reported
Each bar is one month. Colors are the disposition codes the operator reported.
SourceTexas Railroad Commission Production Data Query, gas disposition by code, lease 40583, 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.
None of the gas was flared in the 5 months reported.
Operator history
Who has run this lease
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.
- Ring Energy, Inc. Aug 2023 to now
- Founders Oil & Gas Operating,llc Jan 2020 to Jul 2023
SourceTexas Railroad Commission Production Data Query, operator by month. Reported through Jul 2026.
Wells
Wells on this lease
No wells are linked to this lease in our data
Who buys and gathers
Who moves and buys this lease's production
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).
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.
Unit and wells
322.20 acres on the newest permit
- Wells on the permits
- 55 not plugged
- Horizontal
- 0
- First completion
- Jun 23, 2010
- Latest permit
- Feb 18, 2026
| API number | Well no. | Permit issued | Completed | Acreson the permit |
|---|---|---|---|---|
| 42-135-40755 | 25 | Feb 18, 2026 | Mar 17, 2021 | 322.20 |
| 42-135-43859 | 104 | Apr 30, 2025 | May 16, 2022 | 322.20 |
| 42-135-43829 | 101 | Jul 18, 2022 | Dec 7, 2021 | 322.20 |
| 42-135-43858 | 102 | Jul 18, 2022 | Mar 14, 2022 | 322.20 |
| 42-135-07252 | 1 | Sep 22, 2020 | Jun 23, 2010 | 322.20 |
What the operator reported
What Ring Energy, Inc. told investors it received
| Quarter | Oil$ per bbl | Gas$ per mcf | Gas liquids$ per bbl | Filing |
|---|---|---|---|---|
| Q2 2026 | $95.45 | −$5.20 | $9.96 | SEC filing |
| Q1 2026 | $68.97 | −$2.54 | $4.96 | SEC filing |
| Q4 2025 | $57.47 | −$2.49 | $5.29 | SEC filing |
| Q3 2025 | $64.32 | −$1.22 | $5.22 | SEC filing |
| Q2 2025 | $62.69 | −$1.31 | $6.19 | SEC filing |
| Q1 2025 | $70.40 | −$0.19 | $9.65 | SEC filing |
SourceRing Energy, Inc. quarterly reports on SEC EDGAR, prices before hedging where the company states both. Read by machine from each filing’s tables; the link opens the filing so you can check the figure.
Estimator
Estimate your royalty for this lease
Estimator
What could your check be?
Your decimal interest is the small number on your division order that says what share of the whole lease (8/8ths) is yours. Type it in and we apply it to what the state says MILLARD "C" sold each month.
For example 0.00097656, or a fraction like 1/1024.
Dollars per barrel. Your statements show the gap your operator uses. Leave 0 to price oil at WTI.
Your estimate appears here
An estimate, not your check
Ledger
36 months, newest first
| Month | Oil producedbbl | Oil soldbbl | Gas producedmcf | Gas soldmcf, codes 2+3 | Flaredmcf, code 4 | WTI$ per bbl | Henry Hub$ per MMBtu |
|---|---|---|---|---|---|---|---|
| May 2025Ring Energy, | 0 | 0 | 0 | 0 | 0 | $62.17 | $3.12 |
| Apr 2025Ring Energy, | 0 | 0 | 0 | 0 | 0 | $63.54 | $3.42 |
| Mar 2025No report | – | – | – | – | – | $68.24 | $4.12 |
| Feb 2025No report | – | – | – | – | – | $71.53 | $4.19 |
| Jan 2025No report | – | – | – | – | – | $75.74 | $4.13 |
| Dec 2024No report | – | – | – | – | – | $70.12 | $3.01 |
| Nov 2024No report | – | – | – | – | – | $69.95 | $2.12 |
| Oct 2024No report | – | – | – | – | – | $71.99 | $2.20 |
| Sep 2024No report | – | – | – | – | – | $70.24 | $2.28 |
| Aug 2024No report | – | – | – | – | – | $76.68 | $1.99 |
| Jul 2024No report | – | – | – | – | – | $81.80 | $2.07 |
| Jun 2024No report | – | – | – | – | – | $79.77 | $2.54 |
| May 2024No report | – | – | – | – | – | $80.02 | $2.12 |
| Apr 2024No report | – | – | – | – | – | $85.35 | $1.60 |
| Mar 2024No report | – | – | – | – | – | $81.28 | $1.49 |
| Feb 2024No report | – | – | – | – | – | $77.25 | $1.72 |
| Jan 2024No report | – | – | – | – | – | $74.15 | $3.18 |
| Dec 2023No report | – | – | – | – | – | $71.90 | $2.52 |
| Nov 2023No report | – | – | – | – | – | $77.69 | $2.71 |
| Oct 2023No report | – | – | – | – | – | $85.64 | $2.98 |
| Sep 2023No report | – | – | – | – | – | $89.43 | $2.64 |
| Aug 2023Ring Energy, | 0 | 0 | 0 | 0 | 0 | $81.39 | $2.58 |
| Jul 2023Founders Oil | 0 | 0 | 0 | 0 | 0 | $76.07 | $2.55 |
| Jun 2023Founders Oil | 0 | 0 | 0 | 0 | 0 | $70.25 | $2.18 |
| May 2023Founders Oil | 0 | 0 | 0 | 0 | 0 | $71.58 | $2.15 |
| Apr 2023Founders Oil | 0 | 0 | 0 | 0 | 0 | $79.45 | $2.16 |
| Mar 2023Founders Oil | 0 | 0 | 0 | 0 | 0 | $73.28 | $2.31 |
| Feb 2023Founders Oil | 0 | 0 | 0 | 0 | 0 | $76.83 | $2.38 |
| Jan 2023Founders Oil | 0 | 0 | 0 | 0 | 0 | $78.12 | $3.27 |
| Dec 2022Founders Oil | 0 | 0 | 0 | 0 | 0 | $76.44 | $5.53 |
| Nov 2022Founders Oil | 0 | 122 | 0 | 0 | 0 | $84.37 | $5.45 |
| Oct 2022Founders Oil | 748 | 753 | 226 | 226 | 0 | $87.55 | $5.66 |
| Sep 2022Founders Oil | 1,691 | 1,715 | 1,865 | 1,865 | 0 | $84.26 | $7.88 |
| Aug 2022Founders Oil | 1,972 | 2,124 | 2,509 | 2,509 | 0 | $93.67 | $8.81 |
| Jul 2022Founders Oil | 4,584 | 5,046 | 7,041 | 7,041 | 0 | $101.62 | $7.28 |
| Jun 2022Founders Oil | 6,051 | 5,726 | 8,125 | 8,125 | 0 | $114.84 | $7.70 |
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).
Check your statements
Do your checks match this lease?
Upload your statements for MILLARD "C". We compare volumes, prices, deductions and timing with the state record and give you the exact question to ask Ring Energy, Inc.
- A month that was never paid
- Your share of the barrels and mcf
- The price against WTI and Henry Hub
- Fees taken on gas
- Late payment interest
Around this lease
Walk the neighborhood
This lease belongs to
Ring Energy, Inc. in Ector County
- MILLARD "D"
145,955 bbl last 12 months
- MILLARD -B-
130,626 bbl last 12 months
- SCHARBAUER C
101,375 bbl last 12 months
- SCHARBAUER C NW
84,875 bbl last 12 months
- MILLARD -E-
64,832 bbl last 12 months
Penwell (Wichita Albany) field
No other producing leases in this field are in our data yet.
New drilling permits in Ector County
We do not have coordinates for this lease, so these are the newest permits in its county.
HEADLEE 5C #306HD
new drill · horizontal · Ovintiv USA Inc. · Ector County
Permit 0918854 · Sep 25, 2026
HEADLEE 5C #305HG
new drill · horizontal · Ovintiv USA Inc. · Ector County
Permit 0918840 · Sep 25, 2026
HEADLEE 5A #302HG
new drill · horizontal · Ovintiv USA Inc. · Ector County
Permit 0918834 · Sep 25, 2026
HEADLEE 5A #301HD
new drill · horizontal · Ovintiv USA Inc. · Ector County
Permit 0918852 · Sep 25, 2026
RATLIFF RANCH 'A' #2
recompletion · Slant Operating, LLC · Ector County
Permit 0918799 · Sep 23, 2026
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 May 2025?
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 40583, 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.