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Producing

STATE SCHOOL BOARD -LY-

State School Board -LY- is an oil lease in Crane County, Texas, operated by Ring Energy, Inc. in the C-Bar (San Andres) field.

1 well

386bbl oil, last 12 months−11% vs prior year
Operator
Ring Energy, Inc.
County
Crane County
Field
C-Bar (San Andres)
RRC lease
08-19980

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Where it sits

This county

Crane CountyCraneUptonMidlandWinklerWardEctorCrane County
Crane County
Gas, last 12 months
755 mcf
Oil in Jul 2026
31 bbl

Production by month

Oil output fell 11% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 11% over the last 12 monthsMonthly oil production and gas for STATE SCHOOL BOARD -LY-, Aug 2023 to Jul 2026. Oil output fell 11% over the last 12 months. 386 bbl in the 12 months through Jul 2026, against 436 bbl in the 12 months before.Last 12 months: 386 bblbbl per monthmcf per month002050401006015080200Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 11% over the last 12 monthsMonthly oil production and gas for STATE SCHOOL BOARD -LY-, Aug 2023 to Jul 2026. Oil output fell 11% over the last 12 months. 386 bbl in the 12 months through Jul 2026, against 436 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002050401006015080200Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

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

Flaring peaked at 5.4% of the gas in Jun 2026.

  • Processing plant (3)
  • Flared (4)
Over 99% of the gas went to a processing plant in the last 12 monthsShare of STATE SCHOOL BOARD -LY- gas by disposition code each month, Aug 2023 to Jul 2026. Over 99% of the gas went to a processing plant in the last 12 months. Flaring peaked at 5.4% of the gas in Jun 2026.Share of the lease’s gas by disposition code, per month0%50%100%Flared 5.4%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Over 99% of the gas went to a processing plant in the last 12 monthsShare of STATE SCHOOL BOARD -LY- gas by disposition code each month, Aug 2023 to Jul 2026. Over 99% of the gas went to a processing plant in the last 12 months. Flaring peaked at 5.4% of the gas in Jun 2026.Share of gas by disposition code0%50%100%Flared 5.4%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    100% · 784 mcf

  • Flared (4)

    0.3% · 2 mcf

0.3% of the gas flared in the last 12 months. 2 months above 3%.

Who has run this lease

The operator changed once, most recently in Sep 2022

Operators of this lease over timeStronghold Energy II Oper, LLC, Jan 2020 to Aug 2022; Ring Energy, Inc., Sep 2022 to Jul 20262020202120222023202420252026Changed Sep 2022Stronghold Energy II Oper, LLCJan 2020 to Aug 2022Ring Energy, Inc.Sep 2022 to now
Operators of this lease over timeStronghold Energy II Oper, LLC, Jan 2020 to Aug 2022; Ring Energy, Inc., Sep 2022 to Jul 20262020202120222023202420252026Changed Sep 2022Stronghold Energy II Oper, LLCJan 2020 to Aug 2022Ring Energy, Inc.Sep 2022 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

1 well on this lease

Wells on STATE SCHOOL BOARD -LY-
API numberWell no.Status
42-103-108701Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Sentinel Transportation, LLCOilGathers100Feb 1, 2024–
Targa Midstream Services LLCCasinghead gasBuys100Feb 1, 2017–
Targa Midstream Services LLCCasinghead gasGathers100Jun 1, 2012–
Lpc Crude Iii, LLCOilGathers50Jan 1, 2024Feb 1, 2024
Sentinel Transportation, LLCOilGathers50Jan 1, 2024Feb 1, 2024
Enterprise Crude Oil LLCOilGathers100Feb 1, 2017Jan 1, 2024

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

Who buys my oilOil price check

What the drilling permits say

  • Good to know

    The state has no unit acreage for this lease

    Ask the operator for the acreage on your well's division order and unit plat.

Check your decimal on this lease
Permits for State School Board -LY-
API numberWell no.Acreson the permit
42-103-108701–

SourceRailroad Commission drilling permits, Oct 3, 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 SCHOOL BOARD -LY-
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Ring Energy,313224240$80.46$2.89
Jun 2026Ring Energy,303337352$84.81$3.15
May 2026Ring Energy,262252520$102.13$2.94
Apr 2026Ring Energy,242923230$100.32$2.77
Mar 2026Ring Energy,273598980$91.38$3.04
Feb 2026Ring Energy,50341121120$64.51$3.62
Jan 2026Ring Energy,00000$60.04$7.72
Dec 2025Ring Energy,17000$57.97$4.26
Nov 2025Ring Energy,464583830$60.06$3.79
Oct 2025Ring Energy,31411131130$60.89$3.19
Sep 2025Ring Energy,62591451450$63.96$2.97
Aug 2025Ring Energy,585168680$64.86$2.91
Jul 2025Ring Energy,1611770$68.39$3.20
Jun 2025Ring Energy,02000$68.17$3.02
May 2025Ring Energy,203124240$62.17$3.12
Apr 2025Ring Energy,504236351$63.54$3.42
Mar 2025Ring Energy,343527270$68.24$4.12
Feb 2025Ring Energy,242618180$71.53$4.19
Jan 2025Ring Energy,424330300$75.74$4.13
Dec 2024Ring Energy,646740400$70.12$3.01
Nov 2024Ring Energy,72771331330$69.95$2.12
Oct 2024Ring Energy,52401201200$71.99$2.20
Sep 2024Ring Energy,313397970$70.24$2.28
Aug 2024Ring Energy,31301081080$76.68$1.99
Jul 2024Ring Energy,30321121120$81.80$2.07
Jun 2024Ring Energy,30271461460$79.77$2.54
May 2024Ring Energy,32321621620$80.02$2.12
Apr 2024Ring Energy,34351731730$85.35$1.60
Mar 2024Ring Energy,35361921920$81.28$1.49
Feb 2024Ring Energy,31321631630$77.25$1.72
Jan 2024Ring Energy,33321131130$74.15$3.18
Dec 2023Ring Energy,32301101100$71.90$2.52
Nov 2023Ring Energy,31301391390$77.69$2.71
Oct 2023Ring Energy,35361381335$85.64$2.98
Sep 2023Ring Energy,39441631630$89.43$2.64
Aug 2023Ring Energy,59631901864$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

This lease belongs to

OperatorRing Energy, Inc.FieldC-Bar (San Andres)CountyCrane County

Ring Energy, Inc. in Crane County

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C-Bar (San Andres) field

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