FITE, L. E.

Operated by VIRTEX OPERATING COMPANY, INC. (P-5 886261) in the TRIPLE -A- (FRIO 7100) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 12972District 04Field 91298333OilCasinghead gasSaveExport
Value, all time
$928 k
Nov 2000 – Jan 2019
Value, last 12 filed months
$0
at the published price for each month
Months reported
219
no gaps in the span
Streams
2
oil, casinghead gas

The Railroad Commission's own record for the field this lease produces from, including the spacing rule that governs how close together its wells may be drilled.

These are facts about the field, not about this lease. The field holds 9 leases and 9 wells, and the rule below applies to all of them.

Discovered
1950-01-01
as the register files it
Field class
Oil and gas
the register's own label
Between wells
933 ft
minimum
From a lease line
467 ft
minimum

A drilling unit in this field needs at least 320 acres. The field rule took effect on 1992-02-01.

The Commission's schedule remark for this field reads: MARCH 12, 1951.

What this lease produced, and what it was worth

Oil and condensate are valued on the volume the state records as disposed of; gas and casinghead gas on the volume produced. They are different columns of different files, and the difference is not cosmetic.

StreamBasisVolumeValue
OilDisposition17,785 bbl$884,512
Casinghead gasProduction8,290 Mcf$43,131
Total$927,643

Wells on this lease (1)

Every wellbore the Railroad Commission records against this lease key, with the depth, the last completion and the plug date exactly as filed. A well with no plug date is not stated to be producing — the state files no such flag.

These wells centre on 28.0033, -97.4383. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

28.00333, -97.43832 · centre of the wells drawn, derived

What these wells add up to

Every figure below is counted over all of this lease's wells, not over the rows listed above. The Railroad Commission files two facts about a well's state — a plug date and a proration-schedule flag — and a well can carry both, so they are published as separate counts and never merged into a status.

On the schedule
100.0%
1 of 1 wells
With a plug date
100.0%
1 of 1 wells
Median depth
7,400 ft
1 wells filed one
Completion to plug
17.8 years
median over 1 well

What the state filed about each well

On the RRC proration schedule
1100.0%
A plug date is filed
1100.0%
BothOn the schedule and plugged. Neither fact cancels the other.
1100.0%
NeitherNo plug date, and not on the schedule.
00.0%

A plug date is the date the Commission recorded the wellbore as sealed with cement and abandoned. It is the only end-of-life fact Texas files. There is no "active" flag on a well, so this page does not print one — a well with no plug date is not stated to be producing.

How deep they were drilled

The one well that filed a depth was drilled to 7,400 ft.

Completions filed
Nov 2000
1 of 1 wells
Plug dates filed
Aug 2018
1 of 1 wells

Last completion to plug: a median of 17.8 years across the 1 well that filed both dates, with the middle half between 17.8 years and 17.8 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-4093259217,400 ftNov 2000Aug 2018Yes

The API number is the state's, prefixed 42 for Texas. A well is matched to this lease by the lease key the Commission files on the wellbore record, so a well that has moved between leases appears under each one it was filed against.

Every month this lease reported (219)

Volume × price = value, one row per cycle. The price columns are the same series published on the prices page — nothing here is modelled.

219 months

Jan 20190046.033.23$0
Dec 20180046.594.19$0
Nov 20180052.934.24$0
Oct 20180061.443.40$0
Sep 20180059.543.11$0
Aug 20180059.403.07$0
Jul 20180065.142.93$0
Jun 20180060.183.08$0
May 20180065.382.90$0
Apr 20180063.842.90$0
Mar 20180061.222.79$0
Feb 20180061.782.77$0
Jan 20180062.874.01$0
Dec 20170057.272.92$0
Nov 20170055.423.12$0
Oct 20170049.292.98$0
Sep 20170047.523.09$0
Aug 20170045.373.00$0
Jul 20170043.873.09$0
Jun 20170042.493.09$0
May 20170045.373.26$0
Apr 20170047.933.21$0
Mar 20170046.772.98$0
Feb 20170050.452.95$0
Jan 20170049.413.42$0
Dec 20160048.763.72$0
Nov 20160042.492.64$0
Oct 20160046.193.09$0
Sep 2016132041.553.10$5,485
Aug 20160041.442.92$0
Jul 20160041.622.92$0
Jun 20160045.352.69$0
May 20160042.521.99$0
Apr 20160036.561.99$0
Mar 20160033.011.79$0
Feb 20160026.472.06$0
Jan 20160027.352.36$0
Dec 20150032.362.00$0
Nov 20150038.792.17$0
Oct 20150043.552.43$0
Sep 20150042.992.76$0
Aug 20150040.162.87$0
Jul 20150048.152.95$0
Jun 20150056.152.88$0
May 20150055.212.96$0
Apr 20150049.822.71$0
Mar 20150042.892.93$0
Feb 20150044.662.98$0
Jan 20151043.433.10$43
Dec 20141054.693.59$55
Nov 20145070.464.25$352
Oct 20146078.303.90$470
Sep 20147086.164.05$603
Aug 2014167089.394.04$14,928
Jul 201410096.564.18$966
Jun 201420098.164.74$1,963
May 2014168094.734.73$15,915
Apr 20148095.944.81$768
Mar 201420095.895.06$1,918
Feb 201419097.406.19$1,851
Jan 20147090.404.86$633
Dec 2013185091.824.35$16,987
Nov 201310088.853.74$889
Oct 201319097.423.78$1,851
Sep 20131740104.113.72$18,115
Aug 2013120104.253.52$1,251
Jul 2013230102.523.72$2,358
Jun 2013183094.403.93$17,275
May 201320094.834.15$1,897
Apr 2013188093.964.28$17,664
Mar 20135093.623.91$468
Feb 20137091.233.42$639
Jan 201313091.603.42$1,191
Dec 2012181086.773.42$15,705
Nov 20129086.953.62$783
Oct 201210089.383.40$894
Sep 2012167094.672.92$15,810
Aug 2012178092.662.91$16,493
Jul 20120085.133.02$0
Jun 20120079.822.52$0
May 2012164091.612.49$15,024
Apr 201200101.652.00$0
Mar 20121940105.052.22$20,380
Feb 2012270101.102.57$2,730
Jan 2012169098.092.73$16,577
Dec 20110096.873.24$0
Nov 20110095.723.31$0
Oct 2011158084.983.65$13,427
Sep 20110083.623.99$0
Aug 2011351083.404.15$29,273
Jul 20110094.144.52$0
Jun 2011173092.904.64$16,072
May 20110098.134.40$0
Apr 20111720105.964.33$18,225
Mar 20110096.364.06$0
Feb 2011172085.644.18$14,730
Jan 20110086.504.59$0
Dec 2010180085.734.35$15,431
Nov 20100080.843.80$0
Oct 20100078.103.51$0
Sep 20100072.633.98$0
Aug 20100073.684.42$0
Jul 20100072.554.74$0
Jun 2010176070.364.91$12,383
May 20100071.124.24$0
Apr 20100081.694.12$0
Mar 2010172078.394.39$13,483
Feb 20100073.585.44$0
Jan 20100074.365.96$0
Dec 20090071.445.48$0
Nov 20090074.593.75$0
Oct 2009169072.544.11$12,259
Sep 20090065.543.06$0
Aug 20090067.423.22$0
Jul 20090061.133.46$0
Jun 20090066.163.90$0
May 2009174054.743.93$9,525
Apr 20090046.773.59$0
Mar 2009170042.144.06$7,164
Feb 20090032.814.63$0
Jan 20090035.865.37$0
Dec 20080037.105.98$0
Nov 2008173055.496.86$9,600
Oct 20080075.246.92$0
Sep 200800101.767.88$0
Aug 20081670114.228.48$19,075
Jul 200800131.0811.39$0
Jun 200800131.3313.03$0
May 20081670123.1711.57$20,569
Apr 200800110.3110.45$0
Mar 20081690101.909.66$17,221
Feb 20080092.538.77$0
Jan 20080090.388.21$0
Dec 2007177088.337.30$15,634
Nov 20070091.677.29$0
Oct 20070082.856.92$0
Sep 20070075.846.24$0
Aug 2007178069.066.39$12,293
Jul 20070070.906.39$0
Jun 20070062.007.55$0
May 2007173058.747.85$10,162
Apr 20070059.617.81$0
Mar 2007179056.927.30$10,189
Feb 20070055.108.22$0
Jan 20070050.306.73$0
Dec 2006175056.656.92$9,914
Nov 20060054.207.62$0
Oct 2006178054.906.01$9,772
Sep 20060060.085.04$0
Aug 2006176068.717.34$12,093
Jul 20060069.376.34$0
Jun 20060066.286.38$0
May 20060066.016.42$0
Apr 2006179064.397.36$11,526
Mar 20060056.707.08$0
Feb 2006185057.597.75$10,654
Jan 20060060.598.93$0
Dec 20050054.9413.42$0
Nov 2005177054.6910.59$9,680
Oct 20050058.3413.80$0
Sep 2005177061.4512.08$10,877
Aug 20050061.519.80$0
Jul 2005173055.697.84$9,634
Jun 20050052.337.38$0
May 20050045.226.65$0
Apr 20050049.207.36$0
Mar 2005337050.377.15$16,975
Feb 20050045.226.31$0
Jan 2005174043.166.32$7,510
Dec 20040039.866.75$0
Nov 20040045.286.33$0
Oct 2004178049.706.52$8,847
Sep 2004170043.245.28$7,351
Aug 20040042.375.55$0
Jul 2004175038.286.08$6,699
Jun 20040036.106.43$0
May 2004168037.486.49$6,297
Apr 20040034.475.86$0
Mar 2004172034.365.53$5,910
Feb 20040032.455.51$0
Jan 2004169032.036.30$5,413
Dec 2003169030.266.30$5,114
Nov 2003173028.804.60$4,982
Oct 20030028.174.76$0
Sep 20030026.314.75$0
Aug 2003333029.765.13$9,910
Jul 20030029.415.17$0
Jun 2003168028.565.98$4,798
May 20030026.595.97$0
Apr 2003336026.675.41$8,961
Mar 2003161031.146.10$5,014
Feb 2003173033.487.93$5,792
Jan 20030030.315.58$0
Dec 2002154026.914.85$4,144
Nov 2002177024.664.14$4,365
Oct 20020026.464.23$0
Sep 2002168027.443.64$4,610
Aug 20020025.963.16$0
Jul 2002361024.583.06$8,873
Jun 2002024023.733.34$801
May 200218225924.663.58$5,416
Apr 200235026823.653.51$9,219
Mar 200218329222.003.10$4,932
Feb 20021651618.222.38$3,044
Jan 2002023017.172.38$546
Dec 200133833216.932.36$6,507
Nov 200134533118.072.41$7,030
Oct 200135337919.782.53$7,941
Sep 200134439624.262.25$9,237
Aug 200153561824.873.05$15,192
Jul 200134878023.933.20$10,821
Jun 200117221424.563.82$5,043
May 20011839625.524.31$5,084
Apr 200103724.685.34$197
Mar 200117516024.545.38$5,155
Feb 200153531327.755.77$16,651
Jan 200153191427.478.40$22,263
Dec 20001,2351,65226.889.12$48,267
Nov 200051676332.215.66$20,937

How to read this page

The arithmetic is one multiplication per stream per month. Here it is, worked, on a real row from the table above.

Sep 2016 — as filed, then multipliedworked
Oil                  132 bbl  × $ 41.55 =     $5,485
Casinghead gas         0 Mcf  × $  3.10 =         $0

────────────────────────────────────────────────────
Month total                                   $5,485

The volumes are the state's, unchanged

Every barrel and every Mcf on this page is a number the Railroad Commission of Texas published in its monthly production query. Nothing is modelled, estimated or filled in.

The dollars are a multiplication, not a valuation

Volume × a published monthly price. It is not what the operator was paid: it takes no account of a contract, a differential, a transportation deduction, or the share any one owner holds.

Oil and gas are priced differently

Oil is a Texas realisation — the crude oil first purchase price. Gas is a benchmark, because no free Texas wellhead gas series exists at any date. The prices page publishes the difference rather than correcting it away.

A lease is not a well

The state reports oil on lease and gas on well, and this page is the lease grain. 04/O/12972 is the state's own key, not one this site invented.