PERSEUS
PERSEUS is a Texas oil lease in Andrews County, Railroad Commission district 08, operated by Ring Energy, Inc. It has 1 wellbore on file with the Commission. Reported production runs from September 2017 to August 2026, totalling 72,158 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 $955K, with roughly $263K 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 364 barrels a month. Its strongest month on the record we hold was September 2017, at 6,351 barrels. In our own backtest, leases producing at this rate are forecast to within about 22% 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 PERSEUS
- Who operates PERSEUS?
- PERSEUS is operated by Ring Energy, Inc., Railroad Commission of Texas operator number 712382.
- Where is PERSEUS?
- PERSEUS is a Texas oil lease in Andrews County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 49316.
- Is PERSEUS still producing?
- PERSEUS is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PERSEUS is August 2026.
- How much has PERSEUS produced?
- PERSEUS has reported 72,158 barrels of oil (bbl) to the Railroad Commission of Texas between September 2017 and August 2026, from 1 wellbore.
- How much is PERSEUS worth?
- The remaining production from PERSEUS is estimated to be worth about $955K in total as of 27 August 2026, within a range of $745K to $1.2M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PERSEUS is a fraction of it. The estimate fits an Arps decline curve to the production PERSEUS has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PERSEUS is an estimate of value, not an offer and not an appraisal.
- How much income does PERSEUS generate in a year?
- PERSEUS is forecast to net about $263K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in PERSEUS receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Ring Energy, Inc. |
|---|---|
| Field | Block A-34 (San Andres) |
| County | Andrews County, Texas |
| RRC district | 08 |
| Lease number | 49316 |
| Wellbores | 1 |
| Reported production | 72,158 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $955K |
Where PERSEUS sits
Source: Railroad Commission of Texas lease production records, complete through . Figures on this page were computed on .
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.