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Texas oil lease

Producing

NORTH PENWELL UNIT

North Penwell Unit is an oil lease in Ector County, Texas, operated by Ring Energy, Inc. in the Penwell field.

254 wells

12,116bbl oil, last 12 months−54% vs prior year
Field
Penwell
RRC lease
08-21556

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Where it sits

This county

Ector CountyEctorMartinMidlandAndrewsWinklerWardEctor County
Ector County
Gas, last 12 months
18,070 mcf
Oil in Jul 2026
644 bbl

Production by month

Oil output fell 54% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 54% over the last 12 monthsMonthly oil production and gas for NORTH PENWELL UNIT, Aug 2023 to Jul 2026. Oil output fell 54% over the last 12 months. 12,116 bbl in the 12 months through Jul 2026, against 26,456 bbl in the 12 months before.Last 12 months: 12,116 bblbbl per monthmcf per month001,0002,5002,0005,0003,0007,5004,00010k5,00012.5kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 54% over the last 12 monthsMonthly oil production and gas for NORTH PENWELL UNIT, Aug 2023 to Jul 2026. Oil output fell 54% over the last 12 months. 12,116 bbl in the 12 months through Jul 2026, against 26,456 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month001,0002,5002,0005,0003,0007,5004,00010k5,00012.5kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

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

Flaring peaked at 8.8% of the gas in Apr 2024.

  • Processing plant (3)
  • Flared (4)
All of the gas went to a processing plant in the last 12 monthsShare of NORTH PENWELL UNIT gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to a processing plant in the last 12 months. Flaring peaked at 8.8% of the gas in Apr 2024.Share of the lease’s gas by disposition code, per month0%50%100%Flared 8.8%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
All of the gas went to a processing plant in the last 12 monthsShare of NORTH PENWELL UNIT gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to a processing plant in the last 12 months. Flaring peaked at 8.8% of the gas in Apr 2024.Share of gas by disposition code0%50%100%Flared 8.8%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

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 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, through Jul 2026.

254 wells on this lease

Wells on NORTH PENWELL UNIT
API numberWell no.Status
42-135-0301582Active
42-135-04345229Active
42-135-04346230Active
42-135-04348177Active
42-135-04349146Shut-in
42-135-05085107Active
42-135-0614339Active
42-135-0614440Active
42-135-06387167Active
42-135-06417129Active
42-135-06418130Active
42-135-06419127Shut-in
42-135-06420108Shut-in
42-135-06421104Shut-in
42-135-06422160Active
42-135-06423150Active
42-135-06424163Shut-in
42-135-06425147WActive
42-135-06426101Shut-in
42-135-06428105Active
42-135-06429145Shut-in
42-135-06430136Active
42-135-06431162Active
42-135-06432137WActive
42-135-06433161Active
42-135-06434159Active
42-135-06435117Active
42-135-0643691WActive
42-135-0643798Shut-in
42-135-06438122Active
42-135-0643995Shut-in
42-135-0644093Active
42-135-0644197Shut-in
42-135-06442100Active
42-135-06443144Active
42-135-06444169Active
42-135-06445139Active
42-135-06446120Active
42-135-06447158Active
42-135-06448141WActive
42-135-06530131Shut-in
42-135-06532154Active
42-135-0653379Active
42-135-0653478Active
42-135-0653529Active
42-135-0653616Active
42-135-07230121Active
42-135-07233118Active
42-135-07234178Active
42-135-07235170WActive
42-135-0723896WShut-in
42-135-07244116Active
42-135-0724590Active
42-135-07246114Shut-in
42-135-0724886Active
42-135-0724984Active
42-135-07250111Active
42-135-07251134Active
42-135-0726048Active
42-135-0726165Active
42-135-0726263Active
42-135-0726346Active
42-135-0726432Active
42-135-0726520Active
42-135-0726617Active
42-135-0727470Active
42-135-0727572Active
42-135-0727675Shut-in
42-135-0727768WActive
42-135-0727951Active
42-135-0728054Active
42-135-0728156WActive
42-135-0728258Shut-in
42-135-0728373Shut-in
42-135-0728624Active
42-135-0728737Active
42-135-0728834Active
42-135-0728922Active
42-135-0729145Active
42-135-08196174Active
42-135-08197173Active
42-135-08198171Active
42-135-0820077Shut-in
42-135-0820176Shut-in
42-135-08202176Active
42-135-08203172Active
42-135-08953149Active
42-135-10013112Shut-in
42-135-1001655WActive
42-135-1003669Shut-in
42-135-1003894Shut-in
42-135-1004689Active
42-135-1006047WActive
42-135-10063124Active
42-135-1006736Shut-in
42-135-10068113Active
42-135-10075126Active
42-135-1008285Shut-in
42-135-10100123Active
42-135-10113102Active
42-135-1012574WActive
42-135-1013483Shut-in
42-135-1015199Active
42-135-10185143Shut-in
42-135-10200151WActive
42-135-10224103Shut-in
42-135-1025952Shut-in
42-135-1026243Active
42-135-1026321Shut-in
42-135-1027810Shut-in
42-135-1029564Active
42-135-10352135Active
42-135-10355106Shut-in
42-135-103579Shut-in
42-135-1035831Active
42-135-1036019WShut-in
42-135-1037192WActive
42-135-10478128Active
42-135-10479142WActive
42-135-10480140Shut-in
42-135-10481138WActive
42-135-1048262Active
42-135-1048518Active
42-135-10501155Active
42-135-1061023Active
42-135-1063530Active
42-135-106718Active
42-135-108017Active
42-135-108034Active
42-135-108043Active
42-135-108052Shut-in
42-135-108061Active
42-135-2016461WActive
42-135-2018049Shut-in
42-135-2018228Active
42-135-20207125Active
42-135-2022333Shut-in
42-135-20234110Active
42-135-20237152WActive
42-135-20242119Shut-in
42-135-2027071Shut-in
42-135-20300109Active
42-135-2034287Active
42-135-20345153Active
42-135-2037357Active
42-135-20388133Active
42-135-20483165Active
42-135-2048444Active
42-135-2055638Active
42-135-20604148Active
42-135-20605156Active
42-135-20606157Active
42-135-20607168Active
42-135-20608115Shut-in
42-135-2060967Active
42-135-2061114Shut-in
42-135-20636164Shut-in
42-135-20637166Active
42-135-2063815Active
42-135-2064811Shut-in
42-135-2078760WActive
42-135-2078842WShut-in
42-135-2078927Active
42-135-2079013Active
42-135-2079159Shut-in
42-135-20792132Active
42-135-2080212Active
42-135-208075Shut-in
42-135-208086Active
42-135-2080925Shut-in
42-135-2106181Shut-in
42-135-2108741Shut-in
42-135-2111326Shut-in
42-135-2116080Active
42-135-35368179Active
42-135-35689180Active
42-135-35696181Active
42-135-36401207Active
42-135-36402210WActive
42-135-36403213WActive
42-135-36405194WActive
42-135-36406209WActive
42-135-36407193WActive
42-135-36408186WShut-in
42-135-36409185WActive
42-135-36418216Shut-in
42-135-36419221WActive
42-135-36420208WShut-in
42-135-36421218WActive
42-135-36422222WActive
42-135-36432204Active
42-135-36456212WShut-in
42-135-36457223WActive
42-135-36458201WActive
42-135-36459202WActive
42-135-36460203WActive
42-135-36511200Shut-in
42-135-36512197Active
42-135-36513196Shut-in
42-135-36514205Active

SourceTexas Railroad Commission Wellbore Query. The first 200 by API number.

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–
Eastex Crude CompanyOilGathers100Mar 1, 2019Aug 15, 2023
Eastex Crude CompanyOilGathers50Nov 1, 2014Mar 1, 2019
Sentinel Transportation, LLCOilGathers50Nov 1, 2014Mar 1, 2019

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

4,674.18 acres on the newest permit

  • Good to know

    The wells on this lease state different acreage

    The permits state between 80 and 4,674.18 acres. Use the acres from your own division order for the well you are paid on.

  • Good to know

    298 wells are listed on this lease

    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 North Penwell Unit
API numberWell no.Acreson the permit
42-135-364182164,674.18
42-135-36418216W4,674.18
42-135-407712694,674.18
42-135-407602604,674.18
42-135-407622624,674.18
42-135-407592594,674.18
42-135-407612614,674.18
42-135-407652654,674.18
42-135-407582584,674.18
42-135-064241634,674.18
42-135-380052554,674.18
42-135-379982394,674.18

SourceRailroad Commission drilling permits, Oct 3, 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 NORTH PENWELL UNIT
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Ring Energy,6446462692690$80.46$2.89
Jun 2026Ring Energy,4914572102100$84.81$3.15
May 2026Ring Energy,8748771341340$102.13$2.94
Apr 2026Ring Energy,923876000$100.32$2.77
Mar 2026Ring Energy,945994000$91.38$3.04
Feb 2026Ring Energy,796796000$64.51$3.62
Jan 2026Ring Energy,9741,045000$60.04$7.72
Dec 2025Ring Energy,1,2771,219000$57.97$4.26
Nov 2025Ring Energy,1,2101,228000$60.06$3.79
Oct 2025Ring Energy,9709574,5284,5280$60.89$3.19
Sep 2025Ring Energy,1,3921,42511,18311,1830$63.96$2.97
Aug 2025Ring Energy,1,6201,4881,7461,7460$64.86$2.91
Jul 2025Ring Energy,1,2541,4056766760$68.39$3.20
Jun 2025Ring Energy,1,7761,7412,9792,9790$68.17$3.02
May 2025Ring Energy,1,8851,987000$62.17$3.12
Apr 2025Ring Energy,3,3613,273000$63.54$3.42
Mar 2025Ring Energy,2,8402,8113,5743,5740$68.24$4.12
Feb 2025Ring Energy,2,0532,0112,1142,1140$71.53$4.19
Jan 2025Ring Energy,1,5781,5372,2242,2240$75.74$4.13
Dec 2024Ring Energy,2,5572,6275955950$70.12$3.01
Nov 2024Ring Energy,1,7541,8422,4312,4310$69.95$2.12
Oct 2024Ring Energy,2,5392,5211,3111,3110$71.99$2.20
Sep 2024Ring Energy,2,3372,3607557550$70.24$2.28
Aug 2024Ring Energy,2,5222,4295185180$76.68$1.99
Jul 2024Ring Energy,2,4612,5443703700$81.80$2.07
Jun 2024Ring Energy,2,1362,2623353350$79.77$2.54
May 2024Ring Energy,2,7983,0112782780$80.02$2.12
Apr 2024Ring Energy,3,6423,6371,5791,440139$85.35$1.60
Mar 2024Ring Energy,3,2973,3122,8002,8000$81.28$1.49
Feb 2024Ring Energy,4,3774,358000$77.25$1.72
Jan 2024Ring Energy,2,4392,456000$74.15$3.18
Dec 2023Ring Energy,3,8163,883000$71.90$2.52
Nov 2023Ring Energy,3,0653,003330$77.69$2.71
Oct 2023Ring Energy,3,0392,756000$85.64$2.98
Sep 2023Ring Energy,3,2503,814000$89.43$2.64
Aug 2023Ring Energy,3,4493,299000$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

Ring Energy, Inc. in Ector County

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