J. FITE USMC

Operated by VETERAN EXPLORATION & PROD, LLC (P-5 884874) in the TRANS-CONTINENTAL (CADDO) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 34048District 09Field 90950166OilSaveExport
Value, all time
$1.2 M
Aug 2021 – May 2026
Value, last 12 filed months
$144 k
at the published price for each month
Months reported
58
no gaps in the span
Streams
1
oil

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 7 leases and 13 wells, and the rule below applies to all of them.

Discovered
1951-06-09
as the register files it
Field class
Oil
the register's own label
Between wells
no field rule filed
From a lease line
no field rule filed

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
OilDisposition14,523 bbl$1,157,474
Total$1,157,474

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 33.6312, -98.4950. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

33.63119, -98.49497 · 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
5,800 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 5,800 ft.

Completions filed
Aug 2021
1 of 1 wells

1 well

42-0094325315,800 ftAug 2021

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 (58)

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

58 months

May 20260106.413.05$0
Apr 202612698.932.87$12,465
Mar 202613489.753.15$12,027
Feb 202626863.503.75$17,018
Jan 2026059.138.00$0
Dec 202524756.664.41$13,995
Nov 202526658.593.93$15,585
Oct 202525359.383.30$15,023
Sep 202513162.743.08$8,219
Aug 202524663.933.01$15,727
Jul 202525466.743.32$16,952
Jun 202525466.483.13$16,886
May 2025060.553.23$0
Apr 202516862.363.54$10,476
Mar 202529867.704.27$20,175
Feb 2025070.884.34$0
Jan 2025074.324.28$0
Dec 202425568.993.12$17,592
Nov 202437769.052.20$26,032
Oct 2024071.372.28$0
Sep 2024069.612.36$0
Aug 202424675.632.06$18,605
Jul 202425179.932.15$20,062
Jun 202424878.082.63$19,364
May 2024078.812.20$0
Apr 202438184.451.66$32,175
Mar 202426280.301.55$21,039
Feb 202452676.091.78$40,023
Jan 202424273.023.30$17,671
Dec 202325571.262.61$18,171
Nov 202312777.892.81$9,892
Oct 202325385.443.09$21,616
Sep 202336889.042.74$32,767
Aug 202313080.522.67$10,468
Jul 202325774.852.64$19,236
Jun 202325168.962.26$17,309
May 202338970.622.23$27,471
Apr 202338978.122.24$30,389
Mar 202337472.852.39$27,246
Feb 202338775.112.47$29,068
Jan 202338976.533.39$29,770
Dec 202238776.415.73$29,571
Nov 202225885.005.65$21,930
Oct 202224787.185.86$21,533
Sep 202251584.888.16$43,713
Aug 202212594.529.13$11,815
Jul 2022385101.587.54$39,108
Jun 2022510115.097.98$58,696
May 2022498109.378.43$54,466
Apr 2022368104.226.84$38,353
Mar 2022220108.885.08$23,954
Feb 2022091.054.86$0
Jan 202212681.844.54$10,312
Dec 202136871.323.90$26,246
Nov 202151177.435.24$39,567
Oct 202176879.795.71$61,279
Sep 202123569.865.35$16,417
Aug 2021066.024.22$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.

Apr 2026 — as filed, then multipliedworked
Oil                  126 bbl  × $ 98.93 =    $12,465

────────────────────────────────────────────────────
Month total                                  $12,465

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. 09/O/34048 is the state's own key, not one this site invented.