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Texas oil lease

Producing

MILLARD -E-

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

7 wells

66,001bbl oil, last 12 months−20% vs prior year
RRC lease
08-18110

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Gas, last 12 months
310,158 mcf
Oil in Aug 2026
5,480 bbl

Did a relative own a share of this lease?

Pick the year they passed and see what the lease has sold since.

Wells on this lease and around it

Where the state's map puts this lease's 7 wells, and what has been drilled or permitted within about 2 miles of them.
Map of the Millard -E- lease in Ector County, Texas: its 7 wells ringed, among 627 wells and 10 recent drilling locations in a picture about 6 miles across.
  • This lease7Its wells, ringed on the map: 6 producing, 1 plugged
  • Drilling locations10Permits issued in the last two years
  • Producing wells387On a lease reporting production now
  • Not producing28Shut in, inactive or no lease on record
  • Plugged212The state's wellbore record says plugged

The 7 ringed dots are this lease's wells, each where the Railroad Commission's map puts it. The other dots are wells and drilling permits of the last 24 months on the land around it; the counts are for everything in the picture, which is about 6 miles across. The thin brown lines are the original land surveys; where there is room, a survey carries its abstract number, the number deeds and division orders cite. Sources: Railroad Commission of Texas well layers, drilling permit files and survey lines, base map from USGS The National Map.

See the whole Texas well map

A one-page map of this lease to print, for a lawyer, a buyer or a probate file.

Use this map on your site

You may show this map on any site, unchanged. Keep the credit line and its link to Royalty Clerk under the map. The picture updates by itself as the state records new wells and permits.

Download the picture (WebP)
<a href="https://royaltyclerk.com/texas/leases/millard-e-08-18110"><img src="https://royaltyclerk.com/maps/lease-wells/millard-e-08-18110.svg" alt="Map of the Millard -E- lease in Ector County, Texas: its 7 wells ringed, among 627 wells and 10 recent drilling locations in a picture about 6 miles across." width="1000" height="951" loading="lazy" style="max-width:100%;height:auto;border:0"></a>
<p style="margin:4px 0 0;font-size:14px">Map: <a href="https://royaltyclerk.com/texas/leases/millard-e-08-18110">Wells on the Millard -E- lease, Ector County, Texas</a> by Royalty Clerk, from Railroad Commission of Texas records</p>

Production by month

Oil output fell 20% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 20% over the last 12 monthsMonthly oil production and gas for MILLARD -E-, Sep 2023 to Aug 2026. Oil output fell 20% over the last 12 months. 66,001 bbl in the 12 months through Aug 2026, against 82,527 bbl in the 12 months before.Last 12 months: 66,001 bblbbl per monthmcf per month002,50010k5,00020k7,50030k10k40kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 20% over the last 12 monthsMonthly oil production and gas for MILLARD -E-, Sep 2023 to Aug 2026. Oil output fell 20% over the last 12 months. 66,001 bbl in the 12 months through Aug 2026, against 82,527 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002,50010k5,00020k7,50030k10k40kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Aug 2026.

From the state record

What owners ask about Millard -E-

When is the check for August 2026 due?
August 2026 is the newest month the state has posted for this lease. Texas law gives the payor until 60 days after the end of the sale month for oil and 90 for gas: the oil by Oct 30, 2026 and the gas by Nov 29, 2026, unless the lease sets another time.
Source: Railroad Commission production reports; Texas Natural Resources Code §91.402.
See your next three checks
Which Texas production tax rate applies?
The Texas Comptroller lists low producing leases for this lease, from Mar 1, 2016. Its file does not give the rate, so we compare your stub with the full 4.6%. That is for August 2026.
Source: Texas Comptroller, approved severance tax exemptions.
Check the tax on your stub
Who buys the oil and gas?
Oil: Anchor Crude Marketing, LLC gathers it. Gas from oil wells: Dcp Operating Company, LP buys and gathers it. The buyer's price is what a royalty check is figured on.
Source: Railroad Commission Form P-4, gatherers and purchasers.
See every buyer and past buyers
How many 1099s should an owner expect for 2025?
One company, Ring Energy, Inc., filed this lease's reports behind every 2025 check, so most owners get one form. The operator is not always the company that pays, so go by the name on the stubs.
Source: Railroad Commission production reports, operator of record by month.
Check your 1099 against it

33 years of state records, 1993–2026

MILLARD -E- since 1993

We read every monthly report the Railroad Commission holds, back to January 1993, and this lease was already producing then. It filed 198 monthly reports through August 2026.

Sold since 1993

$28.2 million

What the whole lease’s oil and gas sold for at each month’s public prices, before tax and the operator’s deductions. A royalty owner’s share is their decimal of it.

A relative owned a share? See what it earned after they died
Oil sold
355,547 bbl
Gas sold
728,979 mcf
Best year
2024$6.5 million sold
Last report
Aug 2026First: Jan 1993

Its best year was 2024: $6.5 million of oil and gas sold

Each bar is what the lease’s oil and gas sold for that year, at that month’s prices. 2026 is only part of a year in the records, drawn lighter.

  • Oil
  • Gas
Its best year was 2024: $6.5 million of oil and gas soldMillard -E-: oil and gas sold each year from 1993 to 2026, at each month's prices. Its best year was 2024: $6.5 million of oil and gas sold.Sold each year, at each month’s prices$0$2.5M$5M$7.5MPeak 2024: $6.5M'93'95'00'05'10'15'20'26
Its best year was 2024: $6.5 million of oil and gas soldMillard -E-: oil and gas sold each year from 1993 to 2026, at each month's prices. Its best year was 2024: $6.5 million of oil and gas sold.Sold each year, at each month’s prices$0$2.5M$5M$7.5MPeak 2024: $6.5M'93'00'05'10'15'20'26

SourceTexas Railroad Commission Production Data Query, every monthly report since January 1993; EIA monthly WTI and Henry Hub prices (before 1997, EIA's yearly Texas natural gas wellhead price), through August 2026.

Every year as a table
Millard -E-: oil and gas sold each year
YearMonthsOil sold, bblGas sold, mcfSold for
2026 *845,206148,342$4,287,967
20251268,180204,004$5,223,784
20241282,348141,385$6,535,444
20231241,11460,096$3,377,266
20221237,57146,855$3,776,708
20211236,77250,825$2,669,469
20201215,09226,885$653,260
20191219,84137,777$1,206,976
2018123,8085,553$268,886
2017122,5613,267$137,587
2016121,8493,206$89,062
2015160102$2,428
2014000$0
2013000$0
2012000$0
2011000$0
2010000$0
2009000$0
2008000$0
2007000$0
2006000$0
2005000$0
2004000$0
2003000$0
2002000$0
2001000$0
2000000$0
1999000$0
199894860$8,126
19971200$0
19961200$0
19951200$0
19941200$0
199312659682$13,534

* Part of the year: the records run through August 2026.

Where the gas went

75% of the gas went to a processing plant in the last 12 months

Flaring peaked at 86.9% of the gas in May 2025.

  • Processing plant (3)
  • Flared (4)
75% of the gas went to a processing plant in the last 12 monthsShare of MILLARD -E- gas by disposition code each month, Sep 2023 to Aug 2026. 75% of the gas went to a processing plant in the last 12 months. Flaring peaked at 86.9% of the gas in May 2025.Share of the lease’s gas by disposition code, per month0%50%100%Flared 86.9%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
75% of the gas went to a processing plant in the last 12 monthsShare of MILLARD -E- gas by disposition code each month, Sep 2023 to Aug 2026. 75% of the gas went to a processing plant in the last 12 months. Flaring peaked at 86.9% of the gas in May 2025.Share of gas by disposition code0%50%100%Flared 86.9%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Aug 2026.

  • Processing plant (3)

    75% · 233,340 mcf

  • Flared (4)

    25% · 76,818 mcf

24.8% of the gas flared in the last 12 months. 33 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, Jan 2020 to Jul 2023; Ring Energy, Inc., Aug 2023 to Aug 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 Aug 20262020202120222023202420252026Changed Aug 2023Founders Oil & Gas Operating,llcJan 2020 to Jul 2023Ring Energy, Inc.Aug 2023 to now

SourceTexas Railroad Commission Production Data Query, through Aug 2026.

7 wells on this lease

Wells on MILLARD -E-
API numberWellStatusCompleted
42-135-07285Millard -E- 2PluggedDec 27, 1955
42-135-20252Millard -E- 7 LShut inAug 9, 1963
42-135-40768Millard -E- 12ActiveJul 15, 2011
42-135-43694Millard -E- 101ActiveSep 17, 2019
42-135-43830Millard -E- 102ActiveDec 13, 2021
42-135-44000Millard -E- 103ActiveMay 5, 2024
42-135-44013Millard -E- 105ActiveAug 13, 2024

1 of the 7 wells is marked plugged in the Railroad Commission's wellbore records. 6 are not plugged. A plugged well is closed for good. A well that is not plugged can be put back on production, and its operator still owes the plugging.

SourceTexas Railroad Commission production records and full wellbore file.

Other leases on these wells

The Railroad Commission files the same API numbers under these leases too: a well keeps its number when it moves into a unit or is recompleted under another lease. A deed older than the unit may name one of them.

  • Millard E, Ector County · 1 shared well
  • Millard E, Ector County · 1 shared well
  • Millard E, Ector County · 1 shared well
  • North Penwell Unit, Ector County · 1 shared well

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Anchor Crude Marketing, LLCOilGathers100Aug 15, 2023–
Dcp Operating Company, LPCasinghead gasBuys100Mar 1, 2019–
Dcp Operating Company, LPCasinghead gasGathers100Mar 1, 2019–
Sentinel Transportation, LLCOilGathers100Mar 1, 2019Aug 15, 2023
Duke Energy Field Services, LPCasinghead gasGathers100Nov 1, 2000Mar 1, 2019
Duke Energy Field Services, LPCasinghead gasNominates100Nov 1, 2000Mar 1, 2019
Duke Energy Field Services, LPCasinghead gasBuys100Nov 1, 2000Mar 1, 2019
Phillips Pipe Line Co.OilGathers100Apr 1, 1977Mar 1, 2019

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

172.10 acres on the newest permit

  • Good to know

    The wells on this lease state different acreage

    The permits state between 172.04 and 175 acres. Use the acres from your own division order for the well you are paid on.

  • Good to know

    7 well completions are on file for this lease

    The count is of completions in the wellbore records, so a well completed more than once is counted each time. Each well can have its own unit. The decimal for one well does not have to equal the decimal for another.

  • 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 Millard -E-
API numberWell no.Acreson the permit
42-135-44013105172.10
42-135-44000103175
42-135-43830102172.10
42-135-43694101172.10
42-135-4076812172.04
42-135-072852172.04
42-135-202527 L–

SourceRailroad Commission drilling permits, Oct 31, 2026 (source 1, source 2).

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 -E-
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Aug 2026Ring Energy,5,4805,57320,94415,4175,527$83.90$2.78
Jul 2026Ring Energy,5,1745,06723,71119,0214,690$80.46$2.89
Jun 2026Ring Energy,5,1645,18328,66425,0983,566$84.81$3.15
May 2026Ring Energy,6,0746,06232,76031,3901,370$102.13$2.94
Apr 2026Ring Energy,5,8465,87933,45817,96715,491$100.32$2.77
Mar 2026Ring Energy,6,0546,04330,18317,42312,760$91.38$3.04
Feb 2026Ring Energy,4,8304,84020,8908,76912,121$64.51$3.62
Jan 2026Ring Energy,6,5796,55922,92813,2579,671$60.04$7.72
Dec 2025Ring Energy,5,7585,74925,64220,3235,319$57.97$4.26
Nov 2025Ring Energy,4,4144,45022,06918,7613,308$60.06$3.79
Oct 2025Ring Energy,5,4915,50924,97923,1921,787$60.89$3.19
Sep 2025Ring Energy,5,1375,11123,93022,7221,208$63.96$2.97
Aug 2025Ring Energy,4,3114,33622,64912,9389,711$64.86$2.91
Jul 2025Ring Energy,3,7933,76817,78110,8026,979$68.39$3.20
Jun 2025Ring Energy,4,2624,28016,40112,8933,508$68.17$3.02
May 2025Ring Energy,6,0126,03821,4472,80118,646$62.17$3.12
Apr 2025Ring Energy,6,8166,82925,31418,8406,474$63.54$3.42
Mar 2025Ring Energy,8,1148,15031,34419,79211,552$68.24$4.12
Feb 2025Ring Energy,6,6516,68628,08624,6393,447$71.53$4.19
Jan 2025Ring Energy,7,2367,27428,51616,30112,215$75.74$4.13
Dec 2024Ring Energy,7,7427,61230,2428,74821,494$70.12$3.01
Nov 2024Ring Energy,9,2419,27919,1469,1529,994$69.95$2.12
Oct 2024Ring Energy,8,4838,68328,3759,22719,148$71.99$2.20
Sep 2024Ring Energy,9,86610,00623,86323,737126$70.24$2.28
Aug 2024Ring Energy,9,8269,65718,91414,3794,535$76.68$1.99
Jul 2024Ring Energy,6,6976,87622,32514,6977,628$81.80$2.07
Jun 2024Ring Energy,8,6968,62321,23119,8031,428$79.77$2.54
May 2024Ring Energy,9,4079,23611,59410,1051,489$80.02$2.12
Apr 2024Ring Energy,2,7362,7318,1017,390711$85.35$1.60
Mar 2024Ring Energy,2,3432,3566,6724,4182,254$81.28$1.49
Feb 2024Ring Energy,3,3003,3108,9428,594348$77.25$1.72
Jan 2024Ring Energy,3,9473,97911,46711,135332$74.15$3.18
Dec 2023Ring Energy,2,7782,8086,0486,0480$71.90$2.52
Nov 2023Ring Energy,3,4303,67410,5835,5075,076$77.69$2.71
Oct 2023Ring Energy,5,2885,38715,0939,5125,581$85.64$2.98
Sep 2023Ring Energy,3,6973,82612,4319,5182,913$89.43$2.64

Flared above 3%

SourceTexas Railroad Commission Production Data Query, through Aug 2026. Prices: EIA, through Oct 2026. Updated Oct 30, 2026.

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Nearby

Ring Energy, Inc. in Ector County

All Ring Energy, Inc. leases →

Penwell (Clear Fork 5100) field

All leases in this field →

Leases within 10 km

Drilling permits within 10 km