VT JAMES TRUST 1355
VT JAMES TRUST 1355 is a Texas gas lease in Webb County, Railroad Commission district 04, operated by Virtex Petroleum Company, Inc. It has 1 wellbore on file with the Commission. Reported production runs from August 2004 to August 2026, totalling 220,797 thousand cubic feet. The lease is currently producing. Fitting a decline curve to that history and pricing the remaining production at today's forward curve values the whole lease — a 100% undivided interest — at about $7K, with roughly $836 expected over the next twelve months. An individual royalty owner receives their own decimal interest times that figure. Over the last twelve months on file it averaged 43 thousand cubic feet a month. Its strongest month on the record we hold was October 2020, at 997 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 45% of what they went on to produce, and that measured error is the range shown on the page rather than a confidence of our own devising.
Key facts about VT JAMES TRUST 1355
- Who operates VT JAMES TRUST 1355?
- VT JAMES TRUST 1355 is operated by Virtex Petroleum Company, Inc., Railroad Commission of Texas operator number 886228.
- Where is VT JAMES TRUST 1355?
- VT JAMES TRUST 1355 is a Texas gas lease in Webb County, Texas, in Railroad Commission district 04. Its Railroad Commission lease number is 203558.
- Is VT JAMES TRUST 1355 still producing?
- VT JAMES TRUST 1355 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for VT JAMES TRUST 1355 is August 2026.
- How much has VT JAMES TRUST 1355 produced?
- VT JAMES TRUST 1355 has reported 220,797 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between August 2004 and August 2026, from 1 wellbore.
- How much is VT JAMES TRUST 1355 worth?
- The remaining production from VT JAMES TRUST 1355 is estimated to be worth about $7K in total as of 27 August 2026, within a range of $4K to $10K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in VT JAMES TRUST 1355 is a fraction of it. The estimate fits an Arps decline curve to the production VT JAMES TRUST 1355 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for VT JAMES TRUST 1355 is an estimate of value, not an offer and not an appraisal.
- How much income does VT JAMES TRUST 1355 generate in a year?
- VT JAMES TRUST 1355 is forecast to net about $836 across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in VT JAMES TRUST 1355 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Virtex Petroleum Company, Inc. |
|---|---|
| Field | Tom Walsh (Olmos) |
| County | Webb County, Texas |
| RRC district | 04 |
| Lease number | 203558 |
| Wellbores | 1 |
| Reported production | 220,797 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $7K |
Where VT JAMES TRUST 1355 sits
Source: Railroad Commission of Texas lease production records, complete through . Figures on this page were computed on .
Production figures are as reported to the Railroad Commission of Texas. The value shown is an estimate produced by fitting a decline curve to that reported history; it is not an offer or an appraisal. How this estimate is calculated.