CONNELL SEC 03

Oil · District 08 · Lease #55386

Operator: RING ENERGY, INC.

Cum Oil

79k BBL

Cum Gas

64k MCF

casinghead

Wells

1

Production

2020-08 — 2026-04

Peak Month

2024-05

Production History

Cum Oil: 78,672 BBL Cum Gas: 64,109 MCF

RRC production reported through Apr 2026 · recent months incomplete

Decline Curve Analysis

qi

1,671 BBL/mo

Di (annual)

24.0%

b-factor

0.0

EUR

83,476 BBL

R-squared

0.308

type

exponential

Operator History (from monthly production reports)

2023-08 — 2026-07 RING ENERGY, INC. 36 mo
2020-08 — 2023-07 FOUNDERS OIL & GAS OPERATING,LLC 36 mo

Wells (1)

WELL#APIOPERATORPERMITSDEPTHLAST_ISSUED
1RING ENERGY, INC.111,3002019-04-16