PITTS

Operated by RFE OPERATING, LLC (P-5 704776) in the CARTHAGE (COTTON VALLEY) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 275824District 06Field 160321742 tax incentive programmesCondensateGasSaveExport
Value, all time
$19.1 M
Sep 2014 – May 2026
Value, last 12 filed months
$532 k
at the published price for each month
Months reported
141
no gaps in the span
Streams
2
condensate, 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 4,104 leases and 4,104 wells, and the rule below applies to all of them.

Discovered
1968-05-01
as the register files it
Field class
Oil and gas
the register's own label
Between wells
0 ft
minimum
From a lease line
330 ft
minimum

A drilling unit in this field needs at least 40 acres. The field rule took effect on 2011-02-08.

The Commission's schedule remark for this field reads: FIELD. EFFECTIVE 4/12/16.

Severance-tax incentive filings

Applications the operator filed to have this lease's gas taxed at a reduced state rate. A filing is an application, and this page never calls one a reduction that was granted.

ProgrammeFilingsWith an approval dateDatedDocket
High Cost Gas112016-02-08218084
NGPA1none

This says nothing about a royalty. A severance tax is charged to the operator. Whether a reduced rate reaches a royalty owner depends on the wording of the lease instrument, which is a private contract this site does not hold.

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
CondensateDisposition96,414 bbl$4,481,719
GasProduction5,158,611 Mcf$14,624,043
Total$19,105,762

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 32.0289, -94.2380. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.02888, -94.23796 · 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
0.0%
0 of 1 wells
With a plug date
0.0%
0 of 1 wells
Median depth
9,435 ft
1 wells filed one
Completion to plug
no well filed both dates

What the state filed about each well

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

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 9,435 ft.

Completions filed
Nov 2015
1 of 1 wells

1 well

42-365381637H9,435 ftNov 2015

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 (141)

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

141 months

May 20261617,739106.413.05$40,704
Apr 20261146,38998.932.87$29,613
Mar 20263510,12889.753.15$35,039
Feb 202623410,29363.503.75$53,461
Jan 20262611,04359.138.00$89,858
Dec 202515011,45356.664.41$59,045
Nov 20253097,43658.593.93$47,301
Oct 20252647,90959.383.30$41,814
Sep 2025787,63462.743.08$28,383
Aug 2025888,15163.933.01$30,199
Jul 20251468,22866.743.32$37,022
Jun 20251888,50266.483.13$39,099
May 20252398,37160.553.23$41,529
Apr 20252387,75662.363.54$42,322
Mar 20252238,67267.704.27$52,112
Feb 20252187,10370.884.34$46,285
Jan 20253027,96074.324.28$56,503
Dec 2024987,56368.993.12$30,368
Nov 20241008,74169.052.20$26,122
Oct 20242069,06671.372.28$35,385
Sep 20242628,72769.612.36$38,872
Aug 20241149,02775.632.06$27,250
Jul 20242349,34779.932.15$38,768
Jun 20242259,10678.082.63$41,553
May 20241558,68178.812.20$31,300
Apr 20241178,25684.451.66$23,579
Mar 20242528,39780.301.55$33,210
Feb 20241017,94776.091.78$21,860
Jan 2024468,29173.023.30$30,700
Dec 202312210,67371.262.61$36,558
Nov 20231819,42577.892.81$40,559
Oct 202317111,08585.443.09$48,833
Sep 202327110,92189.042.74$53,999
Aug 2023010,50480.522.67$28,076
Jul 202318310,67874.852.64$41,907
Jun 202318810,72568.962.26$37,187
May 202334711,70570.622.23$50,577
Apr 202357210,03578.122.24$67,141
Mar 202344610,53672.852.39$57,705
Feb 20233349,67675.112.47$48,945
Jan 202321311,14476.533.39$54,054
Dec 20222089,24376.415.73$68,847
Nov 20229610,32785.005.65$66,468
Oct 2022011,63187.185.86$68,201
Sep 202212411,23784.888.16$102,260
Aug 202215812,41094.529.13$128,202
Jul 202225312,589101.587.54$120,647
Jun 202219711,289115.097.98$112,727
May 202215212,826109.378.43$124,786
Apr 202223912,255104.226.84$108,703
Mar 202222313,456108.885.08$92,588
Feb 202219910,34191.054.86$68,364
Jan 202218810,61681.844.54$63,558
Dec 202127010,82171.323.90$61,449
Nov 202131711,03777.435.24$82,344
Oct 202114210,99679.795.71$74,160
Sep 202112111,51969.865.35$70,090
Aug 202117312,67766.024.22$64,926
Jul 202120012,30870.783.98$63,167
Jun 202120713,23169.493.38$59,113
May 202121811,42063.483.02$48,300
Apr 20211308,08260.362.76$30,140
Mar 202114013,29461.302.72$44,701
Feb 202117410,29557.805.55$67,173
Jan 202149318,26050.412.81$76,168
Dec 202047317,82744.642.68$68,810
Nov 202022213,71438.772.71$45,725
Oct 202024313,68936.972.48$42,911
Sep 202023114,76737.091.99$37,969
Aug 202046214,50039.982.39$53,055
Jul 202054416,91638.371.83$51,747
Jun 202027916,23434.901.69$37,178
May 202039116,97116.921.81$37,414
Apr 202042915,93414.751.80$35,079
Mar 202037316,58030.341.86$42,093
Feb 202047714,66249.881.98$52,833
Jan 202047216,95557.252.09$62,538
Dec 201970136,40259.012.30$125,249
Nov 201947836,87155.302.75$127,854
Oct 201941239,08653.472.42$116,561
Sep 201948039,27155.052.66$130,778
Aug 201959241,84753.112.30$127,872
Jul 201967943,26956.272.46$144,652
Jun 201960442,61552.782.49$138,042
May 201970744,85258.482.74$164,254
Apr 201981832,08762.632.75$139,493
Mar 201945948,45356.803.06$174,439
Feb 201970343,42350.852.79$156,994
Jan 201945849,67246.033.23$181,432
Dec 201842450,99146.594.19$233,174
Nov 201844646,20952.934.24$219,405
Oct 201848651,60061.443.40$205,201
Sep 201825540,19559.543.11$140,109
Aug 201848142,49859.403.07$158,894
Jul 201856444,70565.142.93$167,809
Jun 201868446,74060.183.08$184,978
May 201878151,72365.382.90$201,100
Apr 201889749,96063.842.90$202,188
Mar 20181,11553,20161.222.79$216,523
Feb 20181,02351,57261.782.77$205,855
Jan 20181,11457,51062.874.01$300,613
Dec 20171,01459,39057.272.92$231,581
Nov 20171,30559,54455.423.12$258,003
Oct 20171,06963,93749.292.98$243,459
Sep 20171,11764,26947.523.09$251,496
Aug 201788769,09445.373.00$247,829
Jul 20171,12274,38543.873.09$278,869
Jun 20171,23575,54642.493.09$285,707
May 20171,41581,22245.373.26$329,258
Apr 20171,38084,26247.933.21$336,759
Mar 20171,40293,61246.772.98$344,880
Feb 20171,41691,31150.452.95$341,042
Jan 20171,771109,61049.413.42$462,240
Dec 20161,7285848.763.72$84,473
Nov 20162,122123,67842.492.64$417,212
Oct 20161,362133,18446.193.09$474,484
Sep 20161,726140,11541.553.10$506,160
Aug 20162,037145,20941.442.92$509,054
Jul 20162,759157,67441.622.92$575,922
Jun 20162,926165,51845.352.69$577,247
May 20163,628187,10742.521.99$526,800
Apr 20164,805201,18336.561.99$576,234
Mar 20165,667241,06233.011.79$619,535
Feb 20165,597257,18226.472.06$678,881
Jan 20167,968301,02927.352.36$929,666
Dec 20156,426245,86032.362.00$700,012
Nov 201502,88638.792.17$6,255
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 20150043.433.10$0
Dec 20140054.693.59$0
Nov 20140070.464.25$0
Oct 20140078.303.90$0
Sep 20140086.164.05$0

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.

May 2026 — as filed, then multipliedworked
Condensate           161 bbl  × $106.41 =    $17,132
Gas                7,739 Mcf  × $  3.05 =    $23,572

────────────────────────────────────────────────────
Month total                                  $40,704

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. 06/G/275824 is the state's own key, not one this site invented.