12TH MAN STATE
12TH MAN STATE is a Texas oil lease in Andrews County, Railroad Commission district 08, operated by Ring Energy, Inc. It has 4 wellbores on file with the Commission. Reported production runs from November 2014 to August 2026, totalling 98,877 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 $680K, with roughly $130K 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 179 barrels a month, about 45 per wellbore. Its strongest month on the record we hold was June 2016, at 4,376 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 12TH MAN STATE
- Who operates 12TH MAN STATE?
- 12TH MAN STATE is operated by Ring Energy, Inc., Railroad Commission of Texas operator number 712382.
- Where is 12TH MAN STATE?
- 12TH MAN STATE is a Texas oil lease in Andrews County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 46320.
- Is 12TH MAN STATE still producing?
- 12TH MAN STATE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for 12TH MAN STATE is August 2026.
- How much has 12TH MAN STATE produced?
- 12TH MAN STATE has reported 98,877 barrels of oil (bbl) to the Railroad Commission of Texas between November 2014 and August 2026, from 4 wellbores.
- How much is 12TH MAN STATE worth?
- The remaining production from 12TH MAN STATE is estimated to be worth about $680K in total as of 27 August 2026, within a range of $530K to $829K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in 12TH MAN STATE is a fraction of it. The estimate fits an Arps decline curve to the production 12TH MAN STATE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for 12TH MAN STATE is an estimate of value, not an offer and not an appraisal.
- How much income does 12TH MAN STATE generate in a year?
- 12TH MAN STATE is forecast to net about $130K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in 12TH MAN STATE 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 | 46320 |
| Wellbores | 4 |
| Reported production | 98,877 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $680K |
Where 12TH MAN STATE 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.