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Texas oil lease

Producing

UNDERWOOD -B-

Underwood -B- is an oil lease in Andrews County, Texas, operated by Ring Energy, Inc. in the Block A-34 (San Andres) field.

6 wells

2,843bbl oil, last 12 months+34% vs prior year
Operator
Ring Energy, Inc.
County
Andrews County
Field
Block A-34 (San Andres)
RRC lease
08-25804

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Where it sits

This county

Andrews CountyAndrewsMartinGainesDawsonAndrews County
Andrews County
Gas, last 12 months
4,133 mcf
Oil in Jul 2026
31 bbl

Production by month

Oil output rose 34% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output rose 34% over the last 12 monthsMonthly oil production and gas for UNDERWOOD -B-, Aug 2023 to Jul 2026. Oil output rose 34% over the last 12 months. 2,843 bbl in the 12 months through Jul 2026, against 2,115 bbl in the 12 months before.Last 12 months: 2,843 bblbbl per monthmcf per month005005001,0001,0001,5001,5002,0002,0002,5002,500Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output rose 34% over the last 12 monthsMonthly oil production and gas for UNDERWOOD -B-, Aug 2023 to Jul 2026. Oil output rose 34% over the last 12 months. 2,843 bbl in the 12 months through Jul 2026, against 2,115 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month005005001,0001,0001,5001,5002,0002,0002,5002,500Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

70% of the gas went to a processing plant in the last 12 months

Flaring peaked at 92.5% of the gas in May 2024.

  • Processing plant (3)
  • Flared (4)
70% of the gas went to a processing plant in the last 12 monthsShare of UNDERWOOD -B- gas by disposition code each month, Aug 2023 to Jul 2026. 70% of the gas went to a processing plant in the last 12 months. Flaring peaked at 92.5% of the gas in May 2024.Share of the lease’s gas by disposition code, per month0%50%100%Flared 92.5%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
70% of the gas went to a processing plant in the last 12 monthsShare of UNDERWOOD -B- gas by disposition code each month, Aug 2023 to Jul 2026. 70% of the gas went to a processing plant in the last 12 months. Flaring peaked at 92.5% of the gas in May 2024.Share of gas by disposition code0%50%100%Flared 92.5%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    70% · 3,182 mcf

  • Flared (4)

    30% · 1,368 mcf

30.1% of the gas flared in the last 12 months. 30 months above 3%.

6 wells on this lease

Wells on UNDERWOOD -B-
API numberWell no.Status
42-003-321541Active
42-003-323662Active
42-003-325053Active
42-003-474841HShut-in
42-003-476092HActive
42-003-476403HActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Sentinel Transportation, LLCOilGathers100Jul 1, 2020–
Dcp Operating Company, LPCasinghead gasBuys100Apr 1, 2017–
Dcp Operating Company, LPCasinghead gasGathers100Apr 1, 2017–
Pilot Travel Centers LLCOilGathers100Jul 18, 2019Jul 1, 2020
Bridger Transportation, LLCOilGathers100Jul 1, 2014Jul 18, 2019

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

Who buys my oilOil price check

322.50 acres on the newest permit

  • Good to know

    The wells on this lease state different acreage

    The permits state between 320 and 322.5 acres. Use the acres from your own division order for the well you are paid on.

Check your decimal on this lease
Permits for Underwood -B-
API numberWell no.Acreson the permit
42-003-476403H322.50
42-003-476092H322.05
42-003-474841H322.05
42-003-325053320
42-003-323662320
42-003-321541320

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 UNDERWOOD -B-
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 202631161046836$80.46$2.89
Jun 202600000$84.81$3.15
May 202620722918916227$102.13$2.94
Apr 202627026927621363$100.32$2.77
Mar 202631432923317756$91.38$3.04
Feb 202619819550448717$64.51$3.62
Jan 202624924415912633$60.04$7.72
Dec 2025314319240118122$57.97$4.26
Nov 2025228255444279165$60.06$3.79
Oct 2025361371804482322$60.89$3.19
Sep 2025406380715421294$63.96$2.97
Aug 2025265277465323142$64.86$2.91
Jul 202533833741732691$68.39$3.20
Jun 202530127158053446$68.17$3.02
May 2025155165486249237$62.17$3.12
Apr 2025157139443308135$63.54$3.42
Mar 2025787946545510$68.24$4.12
Feb 2025766136134912$71.53$4.19
Jan 20259627624828$75.74$4.13
Dec 20240461097039$70.12$3.01
Nov 20242572311,053947106$69.95$2.12
Oct 202413417626421153$71.99$2.20
Sep 2024214426678565113$70.24$2.28
Aug 202439633757151952$76.68$1.99
Jul 2024296427472103369$81.80$2.07
Jun 2024791871434895$79.77$2.54
May 202472169134526319$80.02$2.12
Apr 202478476819627169$85.35$1.60
Mar 202477580320140161$81.28$1.49
Feb 2024200000$77.25$1.72
Jan 2024190000$74.15$3.18
Dec 20231,3081,27393391716$71.90$2.52
Nov 20231,2421,227802606196$77.69$2.71
Oct 20231,5321,4606606537$85.64$2.98
Sep 20231,5271,6681,016739277$89.43$2.64
Aug 20231,7241,7032,0101,253757$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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This lease belongs to

OperatorRing Energy, Inc.FieldBlock A-34 (San Andres)CountyAndrews County

Ring Energy, Inc. in Andrews County

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Block A-34 (San Andres) field

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