AJAX
AJAX is a Texas oil lease in Gaines County, Railroad Commission district 08, operated by Ring Energy, Inc. It has 1 wellbore on file with the Commission. Reported production runs from January 2018 to August 2026, totalling 53,873 barrels. The lease is intermittent. 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 $35K, with roughly $7K 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 4 barrels a month. Its strongest month on the record we hold was January 2018, at 2,905 barrels. In our own backtest, leases producing at this rate are forecast to within about 100% 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 AJAX
- Who operates AJAX?
- AJAX is operated by Ring Energy, Inc., Railroad Commission of Texas operator number 712382.
- Where is AJAX?
- AJAX is a Texas oil lease in Gaines County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 50418.
- Is AJAX still producing?
- AJAX is intermittent. The most recent month of production reported to the Railroad Commission of Texas for AJAX is August 2026.
- How much has AJAX produced?
- AJAX has reported 53,873 barrels of oil (bbl) to the Railroad Commission of Texas between January 2018 and August 2026, from 1 wellbore.
- How much is AJAX worth?
- The remaining production from AJAX is estimated to be worth about $35K in total as of 26 August 2026, within a range of $0 to $71K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in AJAX is a fraction of it. The estimate fits an Arps decline curve to the production AJAX has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for AJAX is an estimate of value, not an offer and not an appraisal.
- How much income does AJAX generate in a year?
- AJAX is forecast to net about $7K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in AJAX 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 | Gaines County, Texas |
| RRC district | 08 |
| Lease number | 50418 |
| Wellbores | 1 |
| Reported production | 53,873 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $35K |
Where AJAX 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.