VT JAMES
VT JAMES 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 2005 to August 2026, totalling 302,682 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 $52K, with roughly $10K 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 523 thousand cubic feet a month. Its strongest month on the record we hold was March 2017, at 1,182 thousand cubic feet. 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 VT JAMES
- Who operates VT JAMES?
- VT JAMES is operated by Virtex Petroleum Company, Inc., Railroad Commission of Texas operator number 886228.
- Where is VT JAMES?
- VT JAMES is a Texas gas lease in Webb County, Texas, in Railroad Commission district 04. Its Railroad Commission lease number is 212816.
- Is VT JAMES still producing?
- VT JAMES is currently producing. The most recent month of production reported to the Railroad Commission of Texas for VT JAMES is August 2026.
- How much has VT JAMES produced?
- VT JAMES has reported 302,682 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between August 2005 and August 2026, from 1 wellbore.
- How much is VT JAMES worth?
- The remaining production from VT JAMES is estimated to be worth about $52K in total as of 26 August 2026, within a range of $41K to $63K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in VT JAMES is a fraction of it. The estimate fits an Arps decline curve to the production VT JAMES 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 is an estimate of value, not an offer and not an appraisal.
- How much income does VT JAMES generate in a year?
- VT JAMES is forecast to net about $10K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in VT JAMES receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Virtex Petroleum Company, Inc. |
|---|---|
| Field | Owen (Olmos) |
| County | Webb County, Texas |
| RRC district | 04 |
| Lease number | 212816 |
| Wellbores | 1 |
| Reported production | 302,682 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $52K |
Where VT JAMES 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.