CETO
CETO 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 May 2018 to August 2026, totalling 186,832 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 $1.3M, with roughly $477K 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 781 barrels a month. Its strongest month on the record we hold was July 2018, at 19,010 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 CETO
- Who operates CETO?
- CETO is operated by Ring Energy, Inc., Railroad Commission of Texas operator number 712382.
- Where is CETO?
- CETO is a Texas oil lease in Andrews County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 50405.
- Is CETO still producing?
- CETO is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CETO is August 2026.
- How much has CETO produced?
- CETO has reported 186,832 barrels of oil (bbl) to the Railroad Commission of Texas between May 2018 and August 2026, from 1 wellbore.
- How much is CETO worth?
- The remaining production from CETO is estimated to be worth about $1.3M in total as of 27 August 2026, within a range of $1.0M to $1.6M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CETO is a fraction of it. The estimate fits an Arps decline curve to the production CETO has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CETO is an estimate of value, not an offer and not an appraisal.
- How much income does CETO generate in a year?
- CETO is forecast to net about $477K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in CETO 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 | 50405 |
| Wellbores | 1 |
| Reported production | 186,832 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.3M |
Where CETO 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.