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Texas oil lease

Producing

MILLARD -E-

Millard -E- is an oil lease in Ector County, Texas, operated by Ring Energy, Inc. in the Penwell (Clear Fork 5100) field.

7 wells

64,832bbl oil, last 12 months−26% vs prior year
Operator
Ring Energy, Inc.
County
Ector County
Field
Penwell (Clear Fork 5100)
RRC lease
08-18110

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Where it sits

This county

Ector CountyEctorMartinMidlandAndrewsWinklerWardEctor County
Ector County
Gas, last 12 months
311,863 mcf
Oil in Jul 2026
5,174 bbl

Production by month

Oil output fell 26% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 26% over the last 12 monthsMonthly oil production and gas for MILLARD -E-, Aug 2023 to Jul 2026. Oil output fell 26% over the last 12 months. 64,832 bbl in the 12 months through Jul 2026, against 88,042 bbl in the 12 months before.Last 12 months: 64,832 bblbbl per monthmcf per month002,50010k5,00020k7,50030k10k40kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 26% over the last 12 monthsMonthly oil production and gas for MILLARD -E-, Aug 2023 to Jul 2026. Oil output fell 26% over the last 12 months. 64,832 bbl in the 12 months through Jul 2026, against 88,042 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002,50010k5,00020k7,50030k10k40kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

74% of the gas went to a processing plant in the last 12 months

Flaring peaked at 86.9% of the gas in May 2025.

  • Processing plant (3)
  • Flared (4)
74% of the gas went to a processing plant in the last 12 monthsShare of MILLARD -E- gas by disposition code each month, Aug 2023 to Jul 2026. 74% of the gas went to a processing plant in the last 12 months. Flaring peaked at 86.9% of the gas in May 2025.Share of the lease’s gas by disposition code, per month0%50%100%Flared 86.9%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
74% of the gas went to a processing plant in the last 12 monthsShare of MILLARD -E- gas by disposition code each month, Aug 2023 to Jul 2026. 74% of the gas went to a processing plant in the last 12 months. Flaring peaked at 86.9% of the gas in May 2025.Share of gas by disposition code0%50%100%Flared 86.9%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    74% · 230,861 mcf

  • Flared (4)

    26% · 81,002 mcf

26.0% of the gas flared in the last 12 months. 33 months above 3%.

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.

7 wells on this lease

Wells on MILLARD -E-
API numberWell no.Status
42-135-072852Active
42-135-202527 LShut-in
42-135-4076812Active
42-135-43694101Active
42-135-43830102Active
42-135-44000103Active
42-135-44013105Active

SourceTexas Railroad Commission Wellbore Query.

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–
Sentinel Transportation, LLCOilGathers100Mar 1, 2019Aug 15, 2023
Duke Energy Field Services, LPCasinghead gasGathers100Nov 1, 2000Mar 1, 2019
Duke Energy Field Services, LPCasinghead gasNominates100Nov 1, 2000Mar 1, 2019
Duke Energy Field Services, LPCasinghead gasBuys100Nov 1, 2000Mar 1, 2019
Phillips Pipe Line Co.OilGathers100Apr 1, 1977Mar 1, 2019

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

Who buys my oilOil price check

172.10 acres on the newest permit

7 wells are listed on this lease

Permits for Millard -E-
API numberWell no.Acreson the permit
42-135-44013105172.10
42-135-44000103175
42-135-43830102172.10
42-135-43694101172.10
42-135-4076812172.04
42-135-072852172.04
42-135-202527 L–

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 MILLARD -E-
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Ring Energy,5,1745,06723,71119,0214,690$80.46$2.89
Jun 2026Ring Energy,5,1645,18328,66425,0983,566$84.81$3.15
May 2026Ring Energy,6,0746,06232,76031,3901,370$102.13$2.94
Apr 2026Ring Energy,5,8465,87933,45817,96715,491$100.32$2.77
Mar 2026Ring Energy,6,0546,04330,18317,42312,760$91.38$3.04
Feb 2026Ring Energy,4,8304,84020,8908,76912,121$64.51$3.62
Jan 2026Ring Energy,6,5796,55922,92813,2579,671$60.04$7.72
Dec 2025Ring Energy,5,7585,74925,64220,3235,319$57.97$4.26
Nov 2025Ring Energy,4,4144,45022,06918,7613,308$60.06$3.79
Oct 2025Ring Energy,5,4915,50924,97923,1921,787$60.89$3.19
Sep 2025Ring Energy,5,1375,11123,93022,7221,208$63.96$2.97
Aug 2025Ring Energy,4,3114,33622,64912,9389,711$64.86$2.91
Jul 2025Ring Energy,3,7933,76817,78110,8026,979$68.39$3.20
Jun 2025Ring Energy,4,2624,28016,40112,8933,508$68.17$3.02
May 2025Ring Energy,6,0126,03821,4472,80118,646$62.17$3.12
Apr 2025Ring Energy,6,8166,82925,31418,8406,474$63.54$3.42
Mar 2025Ring Energy,8,1148,15031,34419,79211,552$68.24$4.12
Feb 2025Ring Energy,6,6516,68628,08624,6393,447$71.53$4.19
Jan 2025Ring Energy,7,2367,27428,51616,30112,215$75.74$4.13
Dec 2024Ring Energy,7,7427,61230,2428,74821,494$70.12$3.01
Nov 2024Ring Energy,9,2419,27919,1469,1529,994$69.95$2.12
Oct 2024Ring Energy,8,4838,68328,3759,22719,148$71.99$2.20
Sep 2024Ring Energy,9,86610,00623,86323,737126$70.24$2.28
Aug 2024Ring Energy,9,8269,65718,91414,3794,535$76.68$1.99
Jul 2024Ring Energy,6,6976,87622,32514,6977,628$81.80$2.07
Jun 2024Ring Energy,8,6968,62321,23119,8031,428$79.77$2.54
May 2024Ring Energy,9,4079,23611,59410,1051,489$80.02$2.12
Apr 2024Ring Energy,2,7362,7318,1017,390711$85.35$1.60
Mar 2024Ring Energy,2,3432,3566,6724,4182,254$81.28$1.49
Feb 2024Ring Energy,3,3003,3108,9428,594348$77.25$1.72
Jan 2024Ring Energy,3,9473,97911,46711,135332$74.15$3.18
Dec 2023Ring Energy,2,7782,8086,0486,0480$71.90$2.52
Nov 2023Ring Energy,3,4303,67410,5835,5075,076$77.69$2.71
Oct 2023Ring Energy,5,2885,38715,0939,5125,581$85.64$2.98
Sep 2023Ring Energy,3,6973,82612,4319,5182,913$89.43$2.64
Aug 2023Ring Energy,2,5752,5135,3673,3442,023$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.FieldPenwell (Clear Fork 5100)CountyEctor County

Ring Energy, Inc. in Ector County

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Penwell (Clear Fork 5100) field

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