LOVING FEE
LOVING FEE is a Texas oil lease in Loving County, Railroad Commission district 08, operated by Pitts Energy Co. It has 6 wellbores on file with the Commission. Reported production runs from July 2007 to August 2026, totalling 42,690 barrels. 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 $13K, with roughly $3K 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 4 barrels a month, about 1 per wellbore. Its strongest month on the record we hold was February 2017, at 373 barrels. In our own backtest, leases producing at this rate are forecast to within about 100% 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 LOVING FEE
- Who operates LOVING FEE?
- LOVING FEE is operated by Pitts Energy Co., Railroad Commission of Texas operator number 666430.
- Where is LOVING FEE?
- LOVING FEE is a Texas oil lease in Loving County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 38259.
- Is LOVING FEE still producing?
- LOVING FEE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for LOVING FEE is August 2026.
- How much has LOVING FEE produced?
- LOVING FEE has reported 42,690 barrels of oil (bbl) to the Railroad Commission of Texas between July 2007 and August 2026, from 6 wellbores.
- How much is LOVING FEE worth?
- The remaining production from LOVING FEE is estimated to be worth about $13K in total as of 26 August 2026, within a range of $0 to $26K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in LOVING FEE is a fraction of it. The estimate fits an Arps decline curve to the production LOVING FEE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for LOVING FEE is an estimate of value, not an offer and not an appraisal.
- How much income does LOVING FEE generate in a year?
- LOVING FEE is forecast to net about $3K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in LOVING FEE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Pitts Energy Co. |
|---|---|
| Field | Dimmitt (Delaware Cons) |
| County | Loving County, Texas |
| RRC district | 08 |
| Lease number | 38259 |
| Wellbores | 6 |
| Reported production | 42,690 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $13K |
Where LOVING FEE 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.