Texas oil lease
ProducingSTATE -KK-
State -KK- is an oil lease in Crane County, Texas, operated by Ring Energy, Inc. in the University Waddell (Penn.) field.
Oil lease dossier
- Operator
- Ring Energy, Inc.
- County
- Crane County
- RRC lease
- 08-40034
Is your check right?
Where it sits
This county
- Gas, last 12 months
- 136 mcf
- Oil in Jul 2026
- 83 bbl
Production by month
Oil output fell 4% over the last 12 months
- Oil (bars)
- Gas (line)
- Last 12 months
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
SourceTexas Railroad Commission Production Data Query, through Jul 2026.
Who has run this lease
The operator changed once, most recently in Sep 2022
- Ring Energy, Inc. Sep 2022 to now
- Stronghold Energy II Oper, LLC Jan 2020 to Aug 2022
SourceTexas Railroad Commission Production Data Query, through Jul 2026.
Wells on this lease
No wells are linked to this lease in our data
Buyers and gatherers
| Company | Product | Role | Share% | From | Until |
|---|---|---|---|---|---|
| Sentinel Transportation, LLC | Oil | Gathers | 100 | Feb 1, 2024 | – |
| Targa Midstream Services LLC | Casinghead gas | Buys | 100 | Jan 1, 2023 | – |
| Targa Midstream Services LLC | Casinghead gas | Gathers | 100 | Oct 1, 2011 | – |
| Lpc Crude Iii, LLC | Oil | Gathers | 50 | Jan 1, 2024 | Feb 1, 2024 |
| Sentinel Transportation, LLC | Oil | Gathers | 50 | Jan 1, 2024 | Feb 1, 2024 |
| Enterprise Crude Oil LLC | Oil | Gathers | 50 | Jan 1, 2023 | Jan 1, 2024 |
| Transoil Marketing, LLC | Oil | Gathers | 50 | Jan 1, 2023 | Jan 1, 2024 |
| Targa Midstream Services LLC | Casinghead gas | Buys | 100 | Oct 1, 2011 | Jan 1, 2023 |
| Eastex Crude Company | Oil | Gathers | 100 | May 1, 2014 | Jan 1, 2023 |
SourceRailroad Commission Form P-4 file, Sep 24, 2026 (source).
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 | $9.65 | SEC filing |
SourceRing Energy, Inc. quarterly reports, SEC EDGAR, company-wide averages before hedging.
Estimate your royalty
36 months, newest first
| Month | Oil producedbbl | Oil soldbbl | Gas producedmcf | Gas soldmcf, codes 2+3 | Flaredmcf | WTI$/bbl | Henry Hub$/MMBtu |
|---|---|---|---|---|---|---|---|
| Jul 2026Ring Energy, | 83 | 71 | 27 | 27 | 0 | $80.46 | $2.89 |
| Jun 2026Ring Energy, | 98 | 104 | 12 | 12 | 0 | $84.81 | $3.15 |
| May 2026Ring Energy, | 75 | 101 | 4 | 4 | 0 | $102.13 | $2.94 |
| Apr 2026Ring Energy, | 153 | 135 | 7 | 7 | 0 | $100.32 | $2.77 |
| Mar 2026Ring Energy, | 132 | 166 | 0 | 0 | 0 | $91.38 | $3.04 |
| Feb 2026Ring Energy, | 108 | 70 | 0 | 0 | 0 | $64.51 | $3.62 |
| Jan 2026Ring Energy, | 65 | 57 | 5 | 5 | 0 | $60.04 | $7.72 |
| Dec 2025Ring Energy, | 81 | 81 | 13 | 13 | 0 | $57.97 | $4.26 |
| Nov 2025Ring Energy, | 75 | 85 | 10 | 10 | 0 | $60.06 | $3.79 |
| Oct 2025Ring Energy, | 74 | 61 | 14 | 14 | 0 | $60.89 | $3.19 |
| Sep 2025Ring Energy, | 73 | 80 | 17 | 17 | 0 | $63.96 | $2.97 |
| Aug 2025Ring Energy, | 95 | 88 | 27 | 27 | 0 | $64.86 | $2.91 |
| Jul 2025Ring Energy, | 55 | 49 | 26 | 26 | 0 | $68.39 | $3.20 |
| Jun 2025Ring Energy, | 38 | 37 | 25 | 25 | 0 | $68.17 | $3.02 |
| May 2025Ring Energy, | 32 | 40 | 20 | 20 | 0 | $62.17 | $3.12 |
| Apr 2025Ring Energy, | 92 | 81 | 34 | 34 | 0 | $63.54 | $3.42 |
| Mar 2025Ring Energy, | 40 | 39 | 18 | 18 | 0 | $68.24 | $4.12 |
| Feb 2025Ring Energy, | 132 | 247 | 17 | 17 | 0 | $71.53 | $4.19 |
| Jan 2025Ring Energy, | 422 | 404 | 4 | 4 | 0 | $75.74 | $4.13 |
| Dec 2024Ring Energy, | 222 | 128 | 0 | 0 | 0 | $70.12 | $3.01 |
| Nov 2024Ring Energy, | 26 | 22 | 4 | 4 | 0 | $69.95 | $2.12 |
| Oct 2024Ring Energy, | 30 | 29 | 4 | 4 | 0 | $71.99 | $2.20 |
| Sep 2024Ring Energy, | 28 | 30 | 3 | 3 | 0 | $70.24 | $2.28 |
| Aug 2024Ring Energy, | 43 | 44 | 10 | 10 | 0 | $76.68 | $1.99 |
| Jul 2024Ring Energy, | 49 | 59 | 19 | 19 | 0 | $81.80 | $2.07 |
| Jun 2024Ring Energy, | 48 | 40 | 17 | 17 | 0 | $79.77 | $2.54 |
| May 2024Ring Energy, | 43 | 42 | 14 | 14 | 0 | $80.02 | $2.12 |
| Apr 2024Ring Energy, | 65 | 75 | 10 | 10 | 0 | $85.35 | $1.60 |
| Mar 2024Ring Energy, | 54 | 52 | 10 | 10 | 0 | $81.28 | $1.49 |
| Feb 2024Ring Energy, | 67 | 72 | 8 | 8 | 0 | $77.25 | $1.72 |
| Jan 2024Ring Energy, | 59 | 46 | 3 | 3 | 0 | $74.15 | $3.18 |
| Dec 2023Ring Energy, | 35 | 31 | 8 | 8 | 0 | $71.90 | $2.52 |
| Nov 2023Ring Energy, | 25 | 32 | 10 | 10 | 0 | $77.69 | $2.71 |
| Oct 2023Ring Energy, | 32 | 33 | 14 | 14 | 0 | $85.64 | $2.98 |
| Sep 2023Ring Energy, | 41 | 39 | 21 | 21 | 0 | $89.43 | $2.64 |
| Aug 2023Ring Energy, | 50 | 50 | 24 | 24 | 0 | $81.39 | $2.58 |
SourceTexas Railroad Commission Production Data Query, through Jul 2026. Prices: EIA, through Aug 2026. Updated Sep 28, 2026.
How to check your stub against this leaseDo your checks match this lease?
Nearby
This lease belongs to
Ring Energy, Inc. in Crane County
- TUBB, J. B. ETAL TR. -C-
853 bbl
- LEA, P.J. ET AL
1,255 bbl
- SNODGRASS, E.N. 18
1,352 bbl
- UNIVERSITY 31-8
1,064 bbl
- STATE -KJ-
1,191 bbl
- TUBB, J.B., ETAL
800 bbl
- LEA, P.J. ET AL
745 bbl
- MCKNIGHT, M. B.
604 bbl
- TUBB, J.B. -B-
566 bbl
- TUBB, J. B.
6,783 mcf
New drilling permits in Crane County
Newest in the county: this lease has no coordinates.
BLOCK 31 UNIT #H 5H
recompletion · OXY USA EOR, LLC · Crane County
Permit 0918850 · Sep 28, 2026
BLOCK 31 UNIT #K 3K
recompletion · Hilcorp Energy Company · Crane County
Permit 0918855 · Sep 25, 2026
LEA, P.J. ETAL #4029TH
new drill · horizontal · Ring Energy, Inc. · Crane County
Permit 0918012 · Sep 18, 2026
LEA, P.J. ETAL #4027TH
new drill · horizontal · Ring Energy, Inc. · Crane County
Permit 0918011 · Sep 18, 2026
LEA, P.J. ETAL #4026MH
new drill · horizontal · Ring Energy, Inc. · Crane County
Permit 0918008 · Sep 18, 2026