THOMPSON, I. W. 401

Operated by BASA RESOURCES, INC. (P-5 53974) in the VAN (PECAN GAP) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 3502District 05Field 93042390OilCasinghead gasSaveExport
Value, all time
$4.4 M
Mar 1995 – May 2026
Value, last 12 filed months
$147 k
at the published price for each month
Months reported
375
no gaps in the span
Streams
2
oil, casinghead gas

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 34 leases and 76 wells, and the rule below applies to all of them.

Discovered
1988-07-02
as the register files it
Field class
Oil and gas
the register's own label
Between wells
250 ft
minimum
From a lease line
200 ft
minimum

A drilling unit in this field needs at least 5 acres. The field rule took effect on 1995-08-01.

The Commission's schedule remark for this field reads: FIELD RULES EFFECTIVE 8-1-95 PER DOCKET #05-0209092.

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
OilDisposition92,402 bbl$3,905,910
Casinghead gasProduction164,855 Mcf$511,825
Total$4,417,735

57,946 Mcf of this lease's gas, across 22 months, carries no value here. No free Texas wellhead gas price exists before 1997, so those months are left out of the total rather than valued at zero. The total above is therefore a floor, not an estimate.

Wells on this lease (5)

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 32.5359, -95.6341. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.4 miles.

32.53596, -95.63345 · 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
40.0%
2 of 5 wells
With a plug date
20.0%
1 of 5 wells
Median depth
2,400 ft
5 wells filed one
Completion to plug
8.4 years
median over 1 well

What the state filed about each well

On the RRC proration schedule
240.0%
A plug date is filed
120.0%
BothOn the schedule and plugged. Neither fact cancels the other.
120.0%
NeitherNo plug date, and not on the schedule.
360.0%

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

Between 1,823 and 2,450 ft, median 2,400 ft, over the 5 wells that filed a depth.

Completions filed
Sep 1994 – May 2002
5 of 5 wells
Plug dates filed
Feb 2003
1 of 5 wells; 4 filed none

Last completion to plug: a median of 8.4 years across the 1 well that filed both dates, with the middle half between 8.4 years and 8.4 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

5 wells

42-46730958272,450 ftMay 2002Yes
42-46730834212,385 ftMar 2001
42-46730847222,439 ftAug 2000
42-46730911262,400 ftMay 2000
42-46730912251,823 ftSep 1994Feb 2003Yes

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 (375)

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

375 months

May 2026156325106.413.05$17,590
Apr 202612326798.932.87$12,935
Mar 202614728389.753.15$14,085
Feb 202617820963.503.75$12,087
Jan 202616224559.138.00$11,539
Dec 202518028356.664.41$11,448
Nov 202516425558.593.93$10,610
Oct 202517622659.383.30$11,198
Sep 202515820962.743.08$10,556
Aug 202512121963.933.01$8,396
Jul 202516426466.743.32$11,821
Jun 202520324166.483.13$14,249
May 202525126860.553.23$16,064
Apr 202523335962.363.54$15,802
Mar 202529323367.704.27$20,831
Feb 202525428170.884.34$19,223
Jan 202518632574.324.28$15,214
Dec 202415434768.993.12$11,708
Nov 202423728269.052.20$16,985
Oct 202415212071.372.28$11,122
Sep 202412229769.612.36$9,195
Aug 202415637475.632.06$12,570
Jul 202418240379.932.15$15,412
Jun 202413030778.082.63$10,959
May 202419734278.812.20$16,277
Apr 202429432284.451.66$25,363
Mar 202442730180.301.55$34,753
Feb 202422125676.091.78$17,273
Jan 202423325373.023.30$17,848
Dec 202324727671.262.61$18,322
Nov 202325629277.892.81$20,760
Oct 202324943785.443.09$22,624
Sep 2023265089.042.74$23,596
Aug 202326535580.522.67$22,287
Jul 202327142274.852.64$21,399
Jun 202324138168.962.26$17,480
May 2023237070.622.23$16,737
Apr 202321532578.122.24$17,523
Mar 202324643272.852.39$18,955
Feb 202319938575.112.47$15,896
Jan 2023303276.533.39$2,404
Dec 2022302576.415.73$2,436
Nov 2022303885.005.65$2,765
Oct 2022324087.185.86$3,024
Sep 2022342884.888.16$3,115
Aug 2022363494.529.13$3,713
Jul 20223134101.587.54$3,405
Jun 20223731115.097.98$4,506
May 20225632109.378.43$6,395
Apr 20222935104.226.84$3,262
Mar 20222539108.885.08$2,920
Feb 20221423091.054.86$13,075
Jan 20221723481.844.54$14,231
Dec 20211753971.323.90$12,633
Nov 20212033677.435.24$15,907
Oct 20212073879.795.71$16,734
Sep 20212093469.865.35$14,783
Aug 20211713566.024.22$11,437
Jul 20212175570.783.98$15,578
Jun 20214412469.493.38$30,726
May 20216814763.483.02$43,372
Apr 20213794160.362.76$22,990
Mar 20210061.302.72$0
Feb 20210057.805.55$0
Jan 20210050.412.81$0
Dec 20200044.642.68$0
Nov 20200038.772.71$0
Oct 20200036.972.48$0
Sep 20200037.091.99$0
Aug 20200039.982.39$0
Jul 20200038.371.83$0
Jun 20200034.901.69$0
May 20200016.921.81$0
Apr 20200014.751.80$0
Mar 20200030.341.86$0
Feb 20200049.881.98$0
Jan 20200057.252.09$0
Dec 20190059.012.30$0
Nov 20190055.302.75$0
Oct 20190053.472.42$0
Sep 20190055.052.66$0
Aug 20190053.112.30$0
Jul 20190056.272.46$0
Jun 20190052.782.49$0
May 20190058.482.74$0
Apr 20190062.632.75$0
Mar 20190056.803.06$0
Feb 20190050.852.79$0
Jan 20190046.033.23$0
Dec 20180046.594.19$0
Nov 20180052.934.24$0
Oct 20180061.443.40$0
Sep 20180059.543.11$0
Aug 20180059.403.07$0
Jul 20180065.142.93$0
Jun 20180060.183.08$0
May 20180065.382.90$0
Apr 20180063.842.90$0
Mar 20180061.222.79$0
Feb 20180061.782.77$0
Jan 20180062.874.01$0
Dec 20170057.272.92$0
Nov 20170055.423.12$0
Oct 20170049.292.98$0
Sep 20170047.523.09$0
Aug 20170045.373.00$0
Jul 20170043.873.09$0
Jun 20170042.493.09$0
May 20170045.373.26$0
Apr 20170047.933.21$0
Mar 20170046.772.98$0
Feb 20170050.452.95$0
Jan 20170049.413.42$0
Dec 20160048.763.72$0
Nov 20160042.492.64$0
Oct 20160046.193.09$0
Sep 20160041.553.10$0
Aug 20161041.442.92$41
Jul 201610041.622.92$416
Jun 20162437045.352.69$2,082
May 20162933642.521.99$1,902
Apr 20162533136.561.99$1,573
Mar 20165433033.011.79$2,375
Feb 20163136226.472.06$1,568
Jan 2016311,27827.352.36$3,870
Dec 201516032.362.00$518
Nov 20150038.792.17$0
Oct 20150043.552.43$0
Sep 20150042.992.76$0
Aug 20150040.162.87$0
Jul 20150048.152.95$0
Jun 20150056.152.88$0
May 20151033355.212.96$1,536
Apr 20153061849.822.71$3,167
Mar 20152958142.892.93$2,949
Feb 20152247944.662.98$2,408
Jan 20153358043.433.10$3,232
Dec 20144356754.693.59$4,388
Nov 20147037370.464.25$6,518
Oct 20147420078.303.90$6,574
Sep 20146440486.164.05$7,149
Aug 20145745689.394.04$6,935
Jul 20145950396.564.18$7,799
Jun 20143541098.164.74$5,378
May 20143043894.734.73$4,912
Apr 20143038295.944.81$4,715
Mar 20143040995.895.06$4,945
Feb 20147754297.406.19$10,856
Jan 20148649690.404.86$10,185
Dec 201310756791.824.35$12,294
Nov 20138757788.853.74$9,887
Oct 20138425797.423.78$9,155
Sep 201370207104.113.72$8,057
Aug 201387264104.253.52$10,000
Jul 2013103267102.523.72$11,552
Jun 20138825594.403.93$9,310
May 20138623594.834.15$9,130
Apr 20139524093.964.28$9,954
Mar 20136823493.623.91$7,282
Feb 201310821491.233.42$10,585
Jan 201310422591.603.42$10,296
Dec 20126618386.773.42$6,353
Nov 201216725686.953.62$15,449
Oct 201220229689.383.40$19,061
Sep 201223320994.672.92$22,668
Aug 201217423092.662.91$16,792
Jul 201222613185.133.02$19,635
Jun 201217921179.822.52$14,819
May 201220627491.612.49$19,553
Apr 20121750101.652.00$17,789
Mar 2012870105.052.22$9,139
Feb 2012150210101.102.57$15,705
Jan 201216546498.092.73$17,453
Dec 201117046396.873.24$17,968
Nov 201118938395.723.31$19,359
Oct 201115843984.983.65$15,029
Sep 201113847383.623.99$13,425
Aug 201110642683.404.15$10,608
Jul 20117940494.144.52$9,262
Jun 201110735292.904.64$11,574
May 201115745198.134.40$17,393
Apr 2011109332105.964.33$12,988
Mar 201111236596.364.06$12,273
Feb 20119436185.644.18$9,559
Jan 201124419986.504.59$22,019
Dec 201023418885.734.35$20,878
Nov 201017015780.843.80$14,339
Oct 201011616678.103.51$9,642
Sep 201012016272.633.98$9,360
Aug 201022816473.684.42$17,524
Jul 201021041072.554.74$17,177
Jun 201020111870.364.91$14,722
May 201040626571.124.24$29,997
Apr 201042324181.694.12$35,548
Mar 201052127278.394.39$42,035
Feb 201020024573.585.44$16,049
Jan 20106623074.365.96$6,280
Dec 20096922271.445.48$6,147
Nov 200914122774.593.75$11,369
Oct 200911224572.544.11$9,131
Sep 200911124465.543.06$8,023
Aug 200913732867.423.22$10,292
Jul 200914333261.133.46$9,892
Jun 200922028866.163.90$15,677
May 200928344054.743.93$17,219
Apr 200926542846.773.59$13,930
Mar 200922326742.144.06$10,481
Feb 200921923232.814.63$8,260
Jan 200924125735.865.37$10,023
Dec 200820126637.105.98$9,047
Nov 200822426955.496.86$14,275
Oct 200826228175.246.92$21,658
Sep 2008264354101.767.88$29,653
Aug 2008259361114.228.48$32,645
Jul 2008299341131.0811.39$43,077
Jun 2008335350131.3313.03$48,557
May 2008339363123.1711.57$45,956
Apr 2008302397110.3110.45$37,464
Mar 2008304403101.909.66$34,872
Feb 200829139292.538.77$30,364
Jan 200831649390.388.21$32,606
Dec 200730047988.337.30$29,997
Nov 200728354791.677.29$29,931
Oct 200729842982.856.92$27,659
Sep 200728745975.846.24$24,632
Aug 200726547169.066.39$21,310
Jul 200728348670.906.39$23,169
Jun 200730954662.007.55$23,279
May 200732858258.747.85$23,833
Apr 200732355759.617.81$23,602
Mar 200718432756.927.30$12,861
Feb 200721646255.108.22$15,697
Jan 200731756350.306.73$19,732
Dec 200626167856.656.92$19,476
Nov 200621958354.207.62$16,311
Oct 200615226054.906.01$9,908
Sep 200627036260.085.04$18,045
Aug 200627039168.717.34$21,422
Jul 200626043569.376.34$20,795
Jun 200628353866.286.38$22,192
May 200625673266.016.42$21,602
Apr 200620953564.397.36$17,395
Mar 200620851056.707.08$15,406
Feb 200621846857.597.75$16,182
Jan 200622853260.598.93$18,567
Dec 200521653654.9413.42$19,058
Nov 200520753054.6910.59$16,933
Oct 200521556058.3413.80$20,269
Sep 200520054061.4512.08$18,813
Aug 200520655561.519.80$18,108
Jul 200522559055.697.84$17,158
Jun 200522042052.337.38$14,613
May 200527839645.226.65$15,205
Apr 200523138149.207.36$14,170
Mar 200526140350.377.15$16,030
Feb 200524838945.226.31$13,670
Jan 200523542143.166.32$12,804
Dec 200426830339.866.75$12,728
Nov 200425948345.286.33$14,785
Oct 200431553549.706.52$19,141
Sep 200427456143.245.28$14,812
Aug 200433160542.375.55$17,383
Jul 200437161138.286.08$17,919
Jun 200435859336.106.43$16,739
May 200438067637.486.49$18,633
Apr 200442178034.475.86$19,081
Mar 200441976934.365.53$18,650
Feb 200435975732.455.51$15,820
Jan 200439078432.036.30$17,431
Dec 200342478430.266.30$17,771
Nov 200338871528.804.60$14,460
Oct 200341675428.174.76$15,307
Sep 200345361926.314.75$14,858
Aug 200351556729.765.13$18,235
Jul 200353053929.415.17$18,374
Jun 200349450928.565.98$17,154
May 200345445426.595.97$14,783
Apr 200344753026.675.41$14,787
Mar 200351648131.146.10$19,000
Feb 200337439433.487.93$15,644
Jan 200354348330.315.58$19,154
Dec 200252956126.914.85$16,958
Nov 200250954924.664.14$14,823
Oct 200259455726.464.23$18,073
Sep 200248143127.443.64$14,765
Aug 200271856225.963.16$20,418
Jul 200265959124.583.06$18,008
Jun 200266173923.733.34$18,152
May 200272266924.663.58$20,202
Apr 200272345323.653.51$18,690
Mar 200286246522.003.10$20,407
Feb 200273151818.222.38$14,549
Jan 200296486517.172.38$18,607
Dec 200198775516.932.36$18,495
Nov 200168269318.072.41$13,991
Oct 200186181819.782.53$19,099
Sep 200179059724.262.25$20,509
Aug 200182251424.873.05$22,012
Jul 200176556423.933.20$20,110
Jun 200183966924.563.82$23,164
May 20011,08567925.524.31$30,614
Apr 200197679524.685.34$28,329
Mar 20011,15182124.545.38$32,660
Feb 200174567227.755.77$24,549
Jan 200169977827.478.40$25,736
Dec 200055668326.889.12$21,176
Nov 200056273432.215.66$22,255
Oct 200064474731.235.15$23,956
Sep 200073288031.875.19$27,893
Aug 200051487729.644.54$19,217
Jul 200015445828.534.09$6,267
Jun 20004725329.304.40$2,490
May 20002819227.263.68$1,470
Apr 20002816024.513.12$1,185
Mar 20002916728.422.86$1,302
Feb 20004512227.622.73$1,576
Jan 20006712425.272.48$2,001
Dec 19996411524.282.42$1,833
Nov 19992511223.192.43$852
Oct 19992811220.982.80$901
Sep 19994011421.752.62$1,169
Aug 19997415619.262.88$1,874
Jul 19993130117.892.37$1,269
Jun 19995331215.942.36$1,582
May 199913238115.792.32$2,969
Apr 199913139615.102.21$2,852
Mar 199912841212.471.84$2,354
Feb 19991183809.981.82$1,868
Jan 199915943510.381.90$2,477
Dec 19981643319.201.77$2,096
Nov 199823639810.892.19$3,440
Oct 199827626212.421.97$3,944
Sep 199820323512.592.08$3,045
Aug 199820725211.301.91$2,820
Jul 199818825511.742.24$2,778
Jun 199819225811.242.24$2,735
May 199811327012.622.21$2,022
Apr 19989127313.042.51$1,871
Mar 199811328512.802.31$2,105
Feb 199815023513.952.30$2,633
Jan 199816626114.702.15$3,003
Dec 199728535316.322.41$5,502
Nov 199751832718.193.09$10,432
Oct 199764727719.253.15$13,327
Sep 199751626717.742.95$9,943
Aug 19972844817.862.55$5,195
Jul 199737540717.582.25$7,507
Jun 199727748017.242.26$5,859
May 199733244118.972.31$7,316
Apr 199736334217.882.08$7,203
Mar 199733038918.951.94$7,008
Feb 199732517320.492.21$7,041
Jan 199728320123.483.54$7,356
Dec 19962459923.32$5,713
Nov 199620712821.97$4,548
Oct 199615070823.31$3,497
Sep 199614895322.22$3,289
Aug 19963911,38520.26$7,922
Jul 19964121,69519.55$8,055
Jun 19966391,28218.73$11,968
May 19969471,76219.43$18,400
Apr 19968292,41221.51$17,832
Mar 19961,2512,81619.38$24,244
Feb 199666694116.98$11,309
Jan 19964194417.07$700
Dec 19951,1382,61717.19$19,562
Nov 19951,0662,75716.00$17,056
Oct 19951,2352,38715.43$19,056
Sep 19959433,50116.18$15,258
Aug 19951,1494,01715.92$18,292
Jul 19951,1814,72915.24$17,998
Jun 19951,1506,70816.41$18,872
May 19959064,80517.56$15,909
Apr 19951,9136,54017.73$33,917
Mar 19951,6024,76016.44$26,337

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.

May 2026 — as filed, then multipliedworked
Oil                  156 bbl  × $106.41 =    $16,600
Casinghead gas       325 Mcf  × $  3.05 =       $990

────────────────────────────────────────────────────
Month total                                  $17,590

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. 05/O/3502 is the state's own key, not one this site invented.