MEANS, R. M., ETAL -B-

MEANS, R. M., ETAL -B- is a Texas oil lease in Andrews County, Railroad Commission district 08, operated by Ring Energy, Inc. It has 2 wellbores on file with the Commission. Reported production runs from April 2014 to August 2026, totalling 14,584 barrels. The lease is currently producing. Fitting a decline curve to that history and pricing the remaining production at today's forward curve values the whole lease — a 100% undivided interest — at about $125K, with roughly $24K expected over the next twelve months. An individual royalty owner receives their own decimal interest times that figure. Over the last twelve months on file it averaged 26 barrels a month, about 13 per wellbore. Its strongest month on the record we hold was September 2017, at 1,022 barrels. In our own backtest, leases producing at this rate are forecast to within about 45% of what they went on to produce, and that measured error is the range shown on the page rather than a confidence of our own devising.

Key facts about MEANS, R. M., ETAL -B-

Who operates MEANS, R. M., ETAL -B-?: MEANS, R. M., ETAL -B- is operated by Ring Energy, Inc., Railroad Commission of Texas operator number 712382.
Where is MEANS, R. M., ETAL -B-?: MEANS, R. M., ETAL -B- is a Texas oil lease in Andrews County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 45395.
Is MEANS, R. M., ETAL -B- still producing?: MEANS, R. M., ETAL -B- is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MEANS, R. M., ETAL -B- is August 2026.
How much has MEANS, R. M., ETAL -B- produced?: MEANS, R. M., ETAL -B- has reported 14,584 barrels of oil (bbl) to the Railroad Commission of Texas between April 2014 and August 2026, from 2 wellbores.
How much is MEANS, R. M., ETAL -B- worth?: The remaining production from MEANS, R. M., ETAL -B- is estimated to be worth about $125K in total as of 26 August 2026, within a range of $69K to $181K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MEANS, R. M., ETAL -B- is a fraction of it. The estimate fits an Arps decline curve to the production MEANS, R. M., ETAL -B- has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MEANS, R. M., ETAL -B- is an estimate of value, not an offer and not an appraisal.
How much income does MEANS, R. M., ETAL -B- generate in a year?: MEANS, R. M., ETAL -B- is forecast to net about $24K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MEANS, R. M., ETAL -B- receives a fraction of that, set by the decimal interest printed on their check stub.

Lease record

MEANS, R. M., ETAL -B- as filed with the Railroad Commission of Texas
Operator	Ring Energy, Inc.
Field	Block A-34 (San Andres)
County	Andrews County, Texas
RRC district	08
Lease number	45395
Wellbores	2
Reported production	14,584 bbl
First reported	April 2014
Last reported	August 2026
Estimated royalty value	$125K

Where MEANS, R. M., ETAL -B- sits

Source: Railroad Commission of Texas lease production records, complete through August 2026. Figures on this page were computed on 26 August 2026.

Production figures are as reported to the Railroad Commission of Texas. The value shown is an estimate produced by fitting a decline curve to that reported history; it is not an offer or an appraisal. How this estimate is calculated.