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Texas oil lease

Producing

STATE FI

State Fi is an oil lease in Andrews County, Texas, operated by Ring Energy, Inc. in the Emma (Devonian) field.

1 well

422bbl oil, last 12 months−54% vs prior year
Operator
Ring Energy, Inc.
County
Andrews County
Field
Emma (Devonian)
RRC lease
08-50350

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Where it sits

This county

Andrews CountyAndrewsMartinGainesDawsonAndrews County
Andrews County
Gas, last 12 months
20,827 mcf
Oil in Jul 2026
0 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 STATE FI, Aug 2023 to Jul 2026. Oil output fell 54% over the last 12 months. 422 bbl in the 12 months through Jul 2026, against 912 bbl in the 12 months before.Last 12 months: 422 bblbbl per monthmcf per month00501,0001002,0001503,0002004,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 54% over the last 12 monthsMonthly oil production and gas for STATE FI, Aug 2023 to Jul 2026. Oil output fell 54% over the last 12 months. 422 bbl in the 12 months through Jul 2026, against 912 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month00501,0001002,0001503,0002004,000Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

99% of the gas went to a processing plant in the last 12 months

Flaring peaked at 100.0% of the gas in Jul 2024.

  • Processing plant (3)
  • Transmission line (2)
  • Flared (4)
99% of the gas went to a processing plant in the last 12 monthsShare of STATE FI gas by disposition code each month, Aug 2023 to Jul 2026. 99% of the gas went to a processing plant in the last 12 months. Flaring peaked at 100.0% of the gas in Jul 2024.Share of the lease’s gas by disposition code, per month0%50%100%Flared 100.0%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
99% of the gas went to a processing plant in the last 12 monthsShare of STATE FI gas by disposition code each month, Aug 2023 to Jul 2026. 99% of the gas went to a processing plant in the last 12 months. Flaring peaked at 100.0% of the gas in Jul 2024.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)

    99% · 20,703 mcf

  • Flared (4)

    0.6% · 124 mcf

0.6% of the gas flared in the last 12 months. 16 months above 3%.

Who has run this lease

The operator changed once, most recently in Apr 2025

Operators of this lease over timeLime Rock Resources IV-A, L.P., Jan 2020 to Mar 2025; Ring Energy, Inc., Apr 2025 to Jul 20262020202120222023202420252026Changed Apr 2025Lime Rock Resources IV-A, L.P.Jan 2020 to Mar 2025Ring Energy, Inc.Apr 2025 to now
Operators of this lease over timeLime Rock Resources IV-A, L.P., Jan 2020 to Mar 2025; Ring Energy, Inc., Apr 2025 to Jul 20262020202120222023202420252026Changed Apr 2025Lime Rock Resources IV-A, L.P.Jan 2020 to Mar 2025Ring Energy, Inc.Apr 2025 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

1 well on this lease

Wells on STATE FI
API numberWell no.Status
42-003-4279012Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Sentinel Transportation, LLCOilGathers100Sep 1, 2026–
Dcp Operating Company, LPCasinghead gasBuys51Sep 1, 2026–
James Lake Midstream LLCCasinghead gasBuys49Sep 1, 2026–
Dcp Operating Company, LPCasinghead gasGathers51Sep 1, 2026–
James Lake Midstream LLCCasinghead gasGathers49Sep 1, 2026–
Dcp Operating Company, LPCasinghead gasGathers50Jul 1, 2022Sep 1, 2026
James Lake Midstream LLCCasinghead gasGathers50Jul 1, 2022Sep 1, 2026
Dcp Operating Company, LPCasinghead gasBuys50Jul 1, 2022Sep 1, 2026
James Lake Midstream LLCCasinghead gasBuys50Jul 1, 2022Sep 1, 2026
Energy Trans Crude Marketing LLCOilGathers100Jul 1, 2022Sep 1, 2026
Dcp Operating Company, LPCasinghead gasGathers100May 14, 2018Jul 1, 2022

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

Who buys my oilOil price check

322.05 acres on the newest permit

Permits for State Fi
API numberWell no.Acreson the permit
42-003-4279012322.05

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 STATE FI
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Ring Energy,001,0051,0050$80.46$2.89
Jun 2026Ring Energy,009079070$84.81$3.15
May 2026Ring Energy,001,2551,23124$102.13$2.94
Apr 2026Ring Energy,001,5901,5900$100.32$2.77
Mar 2026Ring Energy,41293,5443,5440$91.38$3.04
Feb 2026Ring Energy,5003,4753,4750$64.51$3.62
Jan 2026Ring Energy,3602,6662,6660$60.04$7.72
Dec 2025Ring Energy,761531,3651,3650$57.97$4.26
Nov 2025Ring Energy,5501,2651,2650$60.06$3.79
Oct 2025Ring Energy,751831,2271,2270$60.89$3.19
Sep 2025Ring Energy,6101,3961,3960$63.96$2.97
Aug 2025Ring Energy,6501,1321,032100$64.86$2.91
Jul 2025Ring Energy,681801,2141,001213$68.39$3.20
Jun 2025Ring Energy,7201,303865438$68.17$3.02
May 2025Ring Energy,8601,424539885$62.17$3.12
Apr 2025Ring Energy,1121431,4091,036373$63.54$3.42
Mar 2025Lime Rock8902,8172,701116$68.24$4.12
Feb 2025Lime Rock591959059050$71.53$4.19
Jan 2025Lime Rock1611868728720$75.74$4.13
Dec 2024Lime Rock00000$70.12$3.01
Nov 2024Lime Rock00000$69.95$2.12
Oct 2024Lime Rock8301,17601,176$71.99$2.20
Sep 2024Lime Rock851761,31401,314$70.24$2.28
Aug 2024Lime Rock9701,41801,418$76.68$1.99
Jul 2024Lime Rock921861,48701,487$81.80$2.07
Jun 2024Lime Rock821871,4784671,011$79.77$2.54
May 2024Lime Rock11601,5711,5710$80.02$2.12
Apr 2024Lime Rock1151981,7571,646111$85.35$1.60
Mar 2024Lime Rock11901,2781,129149$81.28$1.49
Feb 2024Lime Rock1491961,6381,237401$77.25$1.72
Jan 2024Lime Rock1181852,0661,97789$74.15$3.18
Dec 2023Lime Rock10802,6902,6900$71.90$2.52
Nov 2023Lime Rock1371871,4281,309119$77.69$2.71
Oct 2023Lime Rock1341891,4821,4820$85.64$2.98
Sep 2023Lime Rock13601,0981,0980$89.43$2.64
Aug 2023Lime Rock1531811,0941,06430$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.FieldEmma (Devonian)CountyAndrews County

Ring Energy, Inc. in Andrews County

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Emma (Devonian) field

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