PALLAS
PALLAS 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 January 2018 to August 2026, totalling 139,886 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 $1.9M, with roughly $553K 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 825 barrels a month. Its strongest month on the record we hold was April 2018, at 7,677 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 PALLAS
- Who operates PALLAS?
- PALLAS is operated by Ring Energy, Inc., Railroad Commission of Texas operator number 712382.
- Where is PALLAS?
- PALLAS is a Texas oil lease in Andrews County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 50273.
- Is PALLAS still producing?
- PALLAS is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PALLAS is August 2026.
- How much has PALLAS produced?
- PALLAS has reported 139,886 barrels of oil (bbl) to the Railroad Commission of Texas between January 2018 and August 2026, from 1 wellbore.
- How much is PALLAS worth?
- The remaining production from PALLAS is estimated to be worth about $1.9M in total as of 27 August 2026, within a range of $1.5M to $2.3M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PALLAS is a fraction of it. The estimate fits an Arps decline curve to the production PALLAS has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PALLAS is an estimate of value, not an offer and not an appraisal.
- How much income does PALLAS generate in a year?
- PALLAS is forecast to net about $553K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in PALLAS 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 | 50273 |
| Wellbores | 1 |
| Reported production | 139,886 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.9M |
Where PALLAS 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.