CERES
CERES 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 June 2017 to August 2026, totalling 136,931 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 $754K, with roughly $293K 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 534 barrels a month. Its strongest month on the record we hold was July 2017, at 13,177 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 CERES
- Who operates CERES?
- CERES is operated by Ring Energy, Inc., Railroad Commission of Texas operator number 712382.
- Where is CERES?
- CERES is a Texas oil lease in Andrews County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 49036.
- Is CERES still producing?
- CERES is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CERES is August 2026.
- How much has CERES produced?
- CERES has reported 136,931 barrels of oil (bbl) to the Railroad Commission of Texas between June 2017 and August 2026, from 1 wellbore.
- How much is CERES worth?
- The remaining production from CERES is estimated to be worth about $754K in total as of 27 August 2026, within a range of $588K to $920K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CERES is a fraction of it. The estimate fits an Arps decline curve to the production CERES has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CERES is an estimate of value, not an offer and not an appraisal.
- How much income does CERES generate in a year?
- CERES is forecast to net about $293K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in CERES 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 | 49036 |
| Wellbores | 1 |
| Reported production | 136,931 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $754K |
Where CERES 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.