MineralRecord
Log inSign up

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 277985District 06Field 160321742 tax incentive programmesCondensateGasSaveExport
Value, all time
$22.1 M
Jan 2015 – May 2026
Value, last 12 filed months
$547 k
at the published price for each month
Months reported
137
no gaps in the span
Streams
2
condensate, gas

The CARTHAGE (COTTON VALLEY) field

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 Gas112016-02-08218085
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
CondensateDisposition112,265 bbl$5,221,452
GasProduction5,820,977 Mcf$16,918,813
Total$22,140,265

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 32.0282, -94.2434. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.02818, -94.24337 · 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
9,425 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 9,425 ft.

Completions filed
Dec 2015
1 of 1 wells

1 well

42-365381648H9,425 ftDec 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 (137)

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

137 months

May 20262228,663106.413.05$50,009
Apr 20261098,89698.932.87$36,312
Mar 2026468,63889.753.15$31,333
Feb 2026117,61463.503.75$29,253
Jan 20262098,69759.138.00$81,916
Dec 20253577,45956.664.41$53,147
Nov 202523910,80858.593.93$56,440
Oct 20254611,14459.383.30$39,561
Sep 20256310,89962.743.08$37,488
Aug 20255511,44863.933.01$38,029
Jul 20258212,26166.743.32$46,120
Jun 202515411,86566.483.13$47,360
May 202520713,01960.553.23$54,615
Apr 20259311,37262.363.54$46,092
Mar 202522712,97267.704.27$70,737
Feb 20259611,29870.884.34$55,847
Jan 20258512,91574.324.28$61,576
Dec 2024366,50868.993.12$22,798
Nov 20242029,60269.052.20$35,058
Oct 20246812,61771.372.28$33,638
Sep 202410412,49969.612.36$36,792
Aug 20245313,25975.632.06$31,370
Jul 20245513,39379.932.15$33,145
Jun 202428512,91778.082.63$56,276
May 20244713,37778.812.20$33,113
Apr 202422612,61484.451.66$40,015
Mar 202428512,24080.301.55$41,798
Feb 20247411,65376.091.78$26,415
Jan 20243913,30673.023.30$46,726
Dec 202322913,74171.262.61$52,192
Nov 202301,87877.892.81$5,273
Oct 202317714,05885.443.09$58,524
Sep 2023013,44289.042.74$36,764
Aug 202318413,88680.522.67$51,931
Jul 202318213,60674.852.64$49,567
Jun 2023013,54768.962.26$30,596
May 2023011,69770.622.23$26,054
Apr 202309,67978.122.24$21,659
Mar 202346414,43272.852.39$68,340
Feb 202355413,23375.112.47$74,239
Jan 202314710,99776.533.39$48,505
Dec 202213911,52876.415.73$76,666
Nov 202229715,76285.005.65$114,240
Oct 202236318,60987.185.86$140,765
Sep 202227919,27084.888.16$180,996
Aug 202220916,70194.529.13$172,187
Jul 202223820,675101.587.54$180,109
Jun 20228720,482115.097.98$173,402
May 202226120,768109.378.43$203,683
Apr 202243120,065104.226.84$182,115
Mar 202250220,715108.885.08$159,815
Feb 202221617,41491.054.86$104,279
Jan 202239213,87081.844.54$95,019
Dec 202144219,56771.323.90$107,818
Nov 202149817,51377.435.24$130,273
Oct 202123018,93879.795.71$126,561
Sep 202136520,31469.865.35$134,197
Aug 202139921,91266.024.22$118,824
Jul 202145623,29370.783.98$125,030
Jun 202138722,19369.493.38$101,919
May 202134723,68363.483.02$93,495
Apr 202132523,21660.362.76$83,656
Mar 202144424,96161.302.72$95,035
Feb 202138019,96257.805.55$132,712
Jan 202177825,90050.412.81$112,005
Dec 202045926,28044.642.68$90,801
Nov 202035225,44238.772.71$82,508
Oct 202022127,05636.972.48$75,227
Sep 202017527,31637.091.99$60,878
Aug 202021829,52739.982.39$79,140
Jul 202031627,42938.371.83$62,186
Jun 202034823,06934.901.69$51,139
May 202037728,86116.921.81$58,754
Apr 202055628,61914.751.80$59,841
Mar 202040330,56030.341.86$68,953
Feb 202054829,70849.881.98$86,176
Jan 202078532,34657.252.09$112,698
Dec 201972333,91959.012.30$120,826
Nov 201980435,10555.302.75$141,025
Oct 201955137,61953.472.42$120,445
Sep 201971037,35855.052.66$138,356
Aug 201975139,56753.112.30$131,062
Jul 201973641,75656.272.46$144,137
Jun 201956237,38552.782.49$122,796
May 201970240,76758.482.74$152,768
Apr 201971925,09462.632.75$114,057
Mar 2019045,77656.803.06$140,171
Feb 201972541,02550.852.79$151,417
Jan 20191,26148,31746.033.23$214,020
Dec 2018049,69846.594.19$208,008
Nov 2018048,60652.934.24$205,955
Oct 2018045,26561.443.40$153,814
Sep 20181,28246,87759.543.11$222,024
Aug 201874639,10759.403.07$164,236
Jul 201872945,87265.142.93$181,978
Jun 201890647,56160.183.08$200,864
May 20181,08752,75165.382.90$224,088
Apr 20181,04349,80263.842.90$211,051
Mar 20181,07053,45761.222.79$214,482
Feb 201870052,15361.782.77$187,507
Jan 20181,08258,27462.874.01$301,664
Dec 20171,05862,11557.272.92$242,062
Nov 20171,40662,06055.423.12$271,446
Oct 20171,24666,68049.292.98$260,367
Sep 20171,27967,17447.523.09$268,163
Aug 20171,40573,00645.373.00$283,084
Jul 20171,51079,51443.873.09$311,726
Jun 20171,41980,86142.493.09$309,934
May 20171,68186,40045.373.26$358,225
Apr 20171,58989,33347.933.21$363,063
Mar 20171,97098,84246.772.98$387,050
Feb 20172,10595,79950.452.95$389,053
Jan 20172,546114,82449.413.42$518,358
Dec 20162,553125,47848.763.72$591,618
Nov 20162,598135,64542.492.64$469,082
Oct 20162,299136,21546.193.09$527,131
Sep 20162,330149,29141.553.10$559,708
Aug 20162,793152,47641.442.92$561,634
Jul 20162,880168,74041.622.92$613,319
Jun 20163,379169,71645.352.69$609,066
May 20164,258195,24842.521.99$569,797
Apr 20164,630207,82536.561.99$583,061
Mar 20166,021247,60633.011.79$642,961
Feb 20166,619261,54326.472.06$714,933
Jan 20168,268311,65727.352.36$962,999
Dec 20158,599241,83632.362.00$762,277
Nov 201506,30938.792.17$13,674
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

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           222 bbl  × $106.41 =    $23,623
Gas                8,663 Mcf  × $  3.05 =    $26,386

────────────────────────────────────────────────────
Month total                                  $50,009

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/277985 is the state's own key, not one this site invented.