KING, V. & A. N.

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

Gas lease lease 165525District 06Field 354153002 tax incentive programmesCondensateGasSaveExport
Value, all time
$3.1 M
Aug 1997 – May 2026
Value, last 12 filed months
$8 k
at the published price for each month
Months reported
346
no gaps in the span
Streams
2
condensate, 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 351 leases and 351 wells, and the rule below applies to all of them.

Discovered
1980-12-20
as the register files it
Field class
Gas
the register's own label
Between wells
600 ft
minimum
From a lease line
330 ft
minimum

A drilling unit in this field needs at least 40 acres. The field rule took effect on 2017-12-05.

The Commission's schedule remark for this field reads: BE FILED IF THE OPERATOR CHOOSES. THIS IS A UFT FIELD.

Severance-tax incentive filings

Applications the operator filed to have this lease's gas taxed at a reduced state rate. A filing is an application, and this page never calls one a reduction that was granted.

ProgrammeFilingsWith an approval dateDatedDocket
High Cost Gas111998-01-09137495
NGPA1none

This says nothing about a royalty. A severance tax is charged to the operator. Whether a reduced rate reaches a royalty owner depends on the wording of the lease instrument, which is a private contract this site does not hold.

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
CondensateDisposition2,747 bbl$147,288
GasProduction687,123 Mcf$2,942,249
Total$3,089,537

Wells on this lease (1)

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 32.5214, -94.8965. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.52143, -94.89647 · 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
0.0%
0 of 1 wells
With a plug date
0.0%
0 of 1 wells
Median depth
10,900 ft
1 wells filed one
Completion to plug
no well filed both dates

What the state filed about each well

On the RRC proration schedule
00.0%
A plug date is filed
00.0%
BothOn the schedule and plugged. Neither fact cancels the other.
00.0%
NeitherNo plug date, and not on the schedule.
1100.0%

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

The one well that filed a depth was drilled to 10,900 ft.

Completions filed
Aug 1997
1 of 1 wells

1 well

42-183312873410,900 ftAug 1997

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 (346)

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

346 months

May 202600106.413.05$0
Apr 202601498.932.87$40
Mar 20260789.753.15$22
Feb 20260563.503.75$19
Jan 202602359.138.00$184
Dec 202501156.664.41$49
Nov 202501958.593.93$75
Oct 202502359.383.30$76
Sep 2025027662.743.08$849
Aug 202501,13663.933.01$3,425
Jul 2025076766.743.32$2,543
Jun 2025023966.483.13$748
May 2025019160.553.23$617
Apr 2025014262.363.54$503
Mar 2025020767.704.27$884
Feb 2025031070.884.34$1,346
Jan 2025032274.324.28$1,378
Dec 2024021868.993.12$680
Nov 2024034269.052.20$752
Oct 2024097771.372.28$2,229
Sep 2024013669.612.36$322
Aug 2024017175.632.06$353
Jul 2024021079.932.15$451
Jun 2024017278.082.63$453
May 2024023978.812.20$525
Apr 2024025684.451.66$425
Mar 2024039280.301.55$606
Feb 2024052076.091.78$927
Jan 2024061573.023.30$2,028
Dec 2023044171.262.61$1,151
Nov 2023039577.892.81$1,109
Oct 2023039385.443.09$1,213
Sep 20230089.042.74$0
Aug 20230080.522.67$0
Jul 20230074.852.64$0
Jun 20230068.962.26$0
May 2023039270.622.23$873
Apr 2023045878.122.24$1,025
Mar 2023044972.852.39$1,075
Feb 20230075.112.47$0
Jan 2023049976.533.39$1,690
Dec 2022051876.415.73$2,968
Nov 2022050585.005.65$2,851
Oct 2022051087.185.86$2,991
Sep 2022050584.888.16$4,123
Aug 2022065494.529.13$5,969
Jul 20220444101.587.54$3,349
Jun 20220538115.097.98$4,292
May 20220600109.378.43$5,060
Apr 20220540104.226.84$3,692
Mar 20220540108.885.08$2,741
Feb 2022043491.054.86$2,109
Jan 2022046681.844.54$2,115
Dec 20210071.323.90$0
Nov 20210077.435.24$0
Oct 2021052779.795.71$3,011
Sep 2021052769.865.35$2,820
Aug 2021078666.024.22$3,317
Jul 2021060870.783.98$2,421
Jun 2021069669.493.38$2,353
May 2021080963.483.02$2,441
Apr 2021055460.362.76$1,528
Mar 2021089861.302.72$2,440
Feb 2021061957.805.55$3,434
Jan 2021072850.412.81$2,046
Dec 20200044.642.68$0
Nov 2020098938.772.71$2,677
Oct 2020057536.972.48$1,425
Sep 2020044037.091.99$876
Aug 2020075539.982.39$1,801
Jul 2020057338.371.83$1,046
Jun 2020065034.901.69$1,099
May 2020091416.921.81$1,659
Apr 2020068114.751.80$1,229
Mar 202010787230.341.86$4,865
Feb 2020093549.881.98$1,852
Jan 2020087057.252.09$1,822
Dec 201901,38459.012.30$3,189
Nov 201902,39055.302.75$6,574
Oct 2019091453.472.42$2,211
Sep 2019045255.052.66$1,201
Aug 2019046353.112.30$1,067
Jul 2019038856.272.46$955
Jun 2019048152.782.49$1,198
May 2019078958.482.74$2,162
Apr 2019059362.632.75$1,631
Mar 2019062556.803.06$1,914
Feb 2019083050.852.79$2,318
Jan 201914651846.033.23$8,393
Dec 2018046646.594.19$1,950
Nov 2018039552.934.24$1,674
Oct 2018045161.443.40$1,533
Sep 2018044459.543.11$1,380
Aug 2018047359.403.07$1,450
Jul 2018047865.142.93$1,401
Jun 2018049160.183.08$1,511
May 2018054165.382.90$1,569
Apr 2018052463.842.90$1,520
Mar 2018054561.222.79$1,519
Feb 2018050161.782.77$1,386
Jan 2018061262.874.01$2,454
Dec 201705557.272.92$161
Nov 2017057255.423.12$1,784
Oct 2017057349.292.98$1,710
Sep 2017063147.523.09$1,948
Aug 2017054245.373.00$1,628
Jul 201701,08343.873.09$3,344
Jun 201701,23042.493.09$3,797
May 2017074945.373.26$2,444
Apr 201701,12047.933.21$3,597
Mar 20171581,26546.772.98$11,164
Feb 2017059950.452.95$1,769
Jan 201701,08749.413.42$3,716
Dec 2016025848.763.72$960
Nov 201601,22542.492.64$3,239
Oct 201601,29946.193.09$4,014
Sep 2016057941.553.10$1,795
Aug 2016056341.442.92$1,646
Jul 2016065541.622.92$1,915
Jun 2016087245.352.69$2,342
May 2016066042.521.99$1,314
Apr 2016072536.561.99$1,444
Mar 2016088533.011.79$1,588
Feb 2016075426.472.06$1,556
Jan 2016074827.352.36$1,769
Dec 2015075332.362.00$1,507
Nov 2015068338.792.17$1,480
Oct 2015092743.552.43$2,249
Sep 201501,02742.992.76$2,833
Aug 2015084940.162.87$2,439
Jul 201515786648.152.95$10,110
Jun 2015084456.152.88$2,433
May 201515789855.212.96$11,322
Apr 201501,07449.822.71$2,907
Mar 2015092142.892.93$2,703
Feb 201501,23644.662.98$3,679
Jan 201501,34343.433.10$4,164
Dec 201412285654.693.59$9,746
Nov 2014092970.464.25$3,950
Oct 201401,52178.303.90$5,933
Sep 201401,60686.164.05$6,497
Aug 201401,20089.394.04$4,842
Jul 2014090796.564.18$3,791
Jun 2014099698.164.74$4,718
May 201401,21694.734.73$5,748
Apr 201401,56095.944.81$7,502
Mar 201401,50295.895.06$7,595
Feb 201401,04397.406.19$6,458
Jan 201401,23390.404.86$5,993
Dec 201301,78091.824.35$7,751
Nov 2013086988.853.74$3,249
Oct 201301,56597.423.78$5,915
Sep 2013781,671104.113.72$14,333
Aug 201302,080104.253.52$7,327
Jul 201302,594102.523.72$9,644
Jun 201301,35294.403.93$5,318
May 201301,41094.834.15$5,850
Apr 201301,30693.964.28$5,593
Mar 2013085393.623.91$3,338
Feb 201301,21391.233.42$4,148
Jan 201301,40191.603.42$4,791
Dec 201201,79986.773.42$6,153
Nov 201201,39586.953.62$5,057
Oct 20121901,92489.383.40$23,523
Sep 201201,89394.672.92$5,525
Aug 201201,75992.662.91$5,115
Jul 201201,90085.133.02$5,740
Jun 201201,87279.822.52$4,716
May 201201,88891.612.49$4,698
Apr 201203,170101.652.00$6,330
Mar 201203,811105.052.22$8,468
Feb 201203,043101.102.57$7,821
Jan 201202,96698.092.73$8,109
Dec 201102,88396.873.24$9,340
Nov 201102,94395.723.31$9,745
Oct 201102,78984.983.65$10,176
Sep 201102,36183.623.99$9,410
Aug 201102,52783.404.15$10,485
Jul 201102,64794.144.52$11,957
Jun 20111652,33492.904.64$26,158
May 201102,14898.134.40$9,462
Apr 201102,454105.964.33$10,634
Mar 201102,63296.364.06$10,679
Feb 201101,19185.644.18$4,978
Jan 201101,89886.504.59$8,710
Dec 201001,43785.734.35$6,248
Nov 201001,25280.843.80$4,752
Oct 201001,67878.103.51$5,888
Sep 201002,49972.633.98$9,945
Aug 201001,18873.684.42$5,250
Jul 201001,08272.554.74$5,125
Jun 201001,25770.364.91$6,172
May 201001,60071.124.24$6,776
Apr 201001,40781.694.12$5,801
Mar 201001,21478.394.39$5,328
Feb 201001,29073.585.44$7,021
Jan 201001,32474.365.96$7,896
Dec 200901,36771.445.48$7,496
Nov 200902,07374.593.75$7,777
Oct 20091942,21472.544.11$23,173
Sep 200902,07365.543.06$6,353
Aug 200902,03167.423.22$6,537
Jul 200901,90061.133.46$6,583
Jun 200901,86466.163.90$7,260
May 200901,91754.743.93$7,526
Apr 200902,02846.773.59$7,275
Mar 200902,41042.144.06$9,782
Feb 200902,55832.814.63$11,851
Jan 200902,49735.865.37$13,411
Dec 200802,49537.105.98$14,913
Nov 200802,50255.496.86$17,165
Oct 200802,59175.246.92$17,935
Sep 200802,158101.767.88$16,999
Aug 200802,369114.228.48$20,096
Jul 20081682,403131.0811.39$49,390
Jun 200802,067131.3313.03$26,938
May 200802,061123.1711.57$23,855
Apr 200801,591110.3110.45$16,634
Mar 200801,415101.909.66$13,675
Feb 200801,46992.538.77$12,884
Jan 200801,78590.388.21$14,647
Dec 200701,98688.337.30$14,502
Nov 200701,52791.677.29$11,134
Oct 200701,63282.856.92$11,297
Sep 200701,29675.846.24$8,092
Aug 200701,44769.066.39$9,243
Jul 200702,27270.906.39$14,513
Jun 200702,19662.007.55$16,576
May 200702,19958.747.85$17,254
Apr 200702,06159.617.81$16,087
Mar 200702,59156.927.30$18,919
Feb 200702,07255.108.22$17,024
Jan 200702,18850.306.73$14,718
Dec 200602,09056.656.92$14,460
Nov 200602,18254.207.62$16,621
Oct 200601,95954.906.01$11,781
Sep 200602,18860.085.04$11,021
Aug 200602,10468.717.34$15,443
Jul 200602,41269.376.34$15,299
Jun 200602,25866.286.38$14,415
May 200602,23966.016.42$14,386
Apr 200602,14264.397.36$15,766
Mar 200602,59956.707.08$18,409
Feb 200602,28057.597.75$17,673
Jan 200602,81460.598.93$25,138
Dec 200502,46254.9413.42$33,029
Nov 200502,84954.6910.59$30,166
Oct 200503,03958.3413.80$41,925
Sep 200502,85861.4512.08$34,522
Aug 200502,37861.519.80$23,297
Jul 200502,60455.697.84$20,425
Jun 200502,66452.337.38$19,663
May 200512,75445.226.65$18,363
Apr 2005301,96949.207.36$15,969
Mar 2005542,17450.377.15$18,275
Feb 200502,16045.226.31$13,634
Jan 200503,53843.166.32$22,368
Dec 200402,47439.866.75$16,702
Nov 200402,69745.286.33$17,073
Oct 200403,24749.706.52$21,155
Sep 200402,45243.245.28$12,956
Aug 200402,23442.375.55$12,400
Jul 200402,64938.286.08$16,117
Jun 200402,80036.106.43$18,012
May 200402,88537.486.49$18,737
Apr 200402,84934.475.86$16,691
Mar 200462,88634.365.53$16,166
Feb 200402,52032.455.51$13,884
Jan 200403,34232.036.30$21,053
Dec 200303,85530.266.30$24,293
Nov 2003272,58928.804.60$12,674
Oct 200302,15428.174.76$10,252
Sep 200302,87326.314.75$13,645
Aug 200301,66429.765.13$8,536
Jul 200302,30529.415.17$11,919
Jun 200302,93228.565.98$17,542
May 200301,69126.595.97$10,100
Apr 200302,73326.675.41$14,778
Mar 2003812,91731.146.10$20,304
Feb 200302,77133.487.93$21,963
Jan 200302,75930.315.58$15,401
Dec 200202,80626.914.85$13,620
Nov 200202,91224.664.14$12,047
Oct 200202,81226.464.23$11,892
Sep 200202,61227.443.64$9,495
Aug 200202,58025.963.16$8,164
Jul 200212,96624.583.06$9,106
Jun 200202,75523.733.34$9,197
May 200203,01824.663.58$10,817
Apr 2002883,08023.653.51$12,899
Mar 200202,91222.003.10$9,035
Feb 200202,64018.222.38$6,272
Jan 2002683,06317.172.38$8,444
Dec 200102,99316.932.36$7,077
Nov 200103,02418.072.41$7,274
Oct 2001635,17519.782.53$14,333
Sep 200115,00024.262.25$11,281
Aug 200123,68424.873.05$11,298
Jul 2001873,27323.933.20$12,546
Jun 200113,64924.563.82$13,979
May 200113,69225.524.31$15,928
Apr 2001803,56124.685.34$20,973
Mar 200123,92524.545.38$21,152
Feb 2001893,48527.755.77$22,568
Jan 200103,62927.478.40$30,479
Dec 200003,07726.889.12$28,070
Nov 2000943,91832.215.66$25,196
Oct 200004,24731.235.15$21,853
Sep 200014,10831.875.19$21,338
Aug 2000904,40829.644.54$22,683
Jul 200024,68628.534.09$19,222
Jun 200014,45529.304.40$19,619
May 2000935,04027.263.68$21,081
Apr 200045,09624.513.12$15,977
Mar 2000541,83528.422.86$6,782
Feb 200001,20827.622.73$3,294
Jan 200003,62725.272.48$8,997
Dec 199903,65924.282.42$8,868
Nov 199903,90023.192.43$9,493
Oct 1999223,94620.982.80$11,525
Sep 1999363,51121.752.62$9,978
Aug 199943,90419.262.88$11,303
Jul 199903,87017.892.37$9,181
Jun 199903,99615.942.36$9,439
May 199904,18615.792.32$9,716
Apr 199904,29015.102.21$9,473
Mar 199904,57512.471.84$8,410
Feb 199984,1969.981.82$7,707
Jan 199904,86910.381.90$9,251
Dec 199805,0599.201.77$8,971
Nov 199804,37110.892.19$9,554
Oct 199805,34012.421.97$10,516
Sep 199805,97712.592.08$12,448
Aug 199806,60111.301.91$12,590
Jul 199806,13611.742.24$13,728
Jun 1998146,19611.242.24$14,019
May 199807,43212.622.21$16,398
Apr 199807,66213.042.51$19,196
Mar 199808,05012.802.31$18,591
Feb 199807,04713.952.30$16,202
Jan 199808,79214.702.15$18,945
Dec 199709,42016.322.41$22,713
Nov 1997010,80218.193.09$33,359
Oct 1997013,13119.253.15$41,360
Sep 1997017,17817.742.95$50,759
Aug 199703,53417.862.55$9,028

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.

Apr 2026 — as filed, then multipliedworked
Condensate             0 bbl  × $ 98.93 =         $0
Gas                   14 Mcf  × $  2.87 =        $40

────────────────────────────────────────────────────
Month total                                      $40

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. 06/G/165525 is the state's own key, not one this site invented.