J. FITE USMC
J. FITE USMC is a Texas oil lease in Archer County, Railroad Commission district 09, operated by Veteran Exploration & Prod, LLC. It has 1 wellbore on file with the Commission. Reported production runs from August 2021 to August 2026, totalling 14,573 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 $695K, with roughly $134K 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 177 barrels a month. Its strongest month on the record we hold was October 2021, at 1,028 barrels. In our own backtest, leases producing at this rate are forecast to within about 22% 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 J. FITE USMC
- Who operates J. FITE USMC?
- J. FITE USMC is operated by Veteran Exploration & Prod, LLC, Railroad Commission of Texas operator number 884874.
- Where is J. FITE USMC?
- J. FITE USMC is a Texas oil lease in Archer County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 34048.
- Is J. FITE USMC still producing?
- J. FITE USMC is currently producing. The most recent month of production reported to the Railroad Commission of Texas for J. FITE USMC is August 2026.
- How much has J. FITE USMC produced?
- J. FITE USMC has reported 14,573 barrels of oil (bbl) to the Railroad Commission of Texas between August 2021 and August 2026, from 1 wellbore.
- How much is J. FITE USMC worth?
- The remaining production from J. FITE USMC is estimated to be worth about $695K in total as of 26 August 2026, within a range of $542K to $848K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in J. FITE USMC is a fraction of it. The estimate fits an Arps decline curve to the production J. FITE USMC has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for J. FITE USMC is an estimate of value, not an offer and not an appraisal.
- How much income does J. FITE USMC generate in a year?
- J. FITE USMC is forecast to net about $134K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in J. FITE USMC receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Veteran Exploration & Prod, LLC |
|---|---|
| Field | Trans-Continental (Caddo) |
| County | Archer County, Texas |
| RRC district | 09 |
| Lease number | 34048 |
| Wellbores | 1 |
| Reported production | 14,573 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $695K |
Where J. FITE USMC 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.