BASHARA, J. M.

Operated by FORMENTERA OPERATIONS LLC (P-5 276959) in the KEYSTONE (CONSOLIDATED) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 46979District 08Field 49129150OilCasinghead gasSaveExport
Value, all time
$1.7 M
Sep 2015 – May 2026
Value, last 12 filed months
$210 k
at the published price for each month
Months reported
129
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 38 leases and 425 wells, and the rule below applies to all of them.

Discovered
2015-08-25
as the register files it
Field class
Oil and gas
the register's own label
Between wells
0 ft
minimum
From a lease line
330 ft
minimum

A drilling unit in this field needs at least 10 acres. The field rule took effect on 2016-01-01.

The Commission's schedule remark for this field reads: RULE.

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
OilDisposition27,088 bbl$1,612,345
Casinghead gasProduction11,910 Mcf$38,630
Total$1,650,975

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 31.9575, -103.0539. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.95746, -103.05386 · 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
10,033 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 10,033 ft.

Completions filed
Dec 1973
1 of 1 wells

1 well

42-49505186410,033 ftDec 1973

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 (129)

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

129 months

May 20262430106.413.05$25,858
Apr 2026243098.932.87$24,040
Mar 20262433989.753.15$21,932
Feb 202624413363.503.75$15,993
Jan 20263689659.138.00$22,528
Dec 202512512156.664.41$7,617
Nov 20252449658.593.93$14,673
Oct 20252459959.383.30$14,875
Sep 20252428262.743.08$15,435
Aug 20252346063.933.01$15,141
Jul 202523311966.743.32$15,945
Jun 202523214166.483.13$15,865
May 202528712160.553.23$17,769
Apr 20251061662.363.54$6,667
Mar 2025213067.704.27$14,420
Feb 2025213070.884.34$15,097
Jan 20252128574.324.28$16,120
Dec 20241051368.993.12$7,285
Nov 20242117269.052.20$14,728
Oct 20243164071.372.28$22,644
Sep 202497069.612.36$6,752
Aug 20240075.632.06$0
Jul 20240079.932.15$0
Jun 2024276078.082.63$21,550
May 2024184178.812.20$14,503
Apr 2024134084.451.66$11,316
Mar 2024183080.301.55$14,695
Feb 202499076.091.78$7,533
Jan 20242805873.023.30$20,637
Dec 20239110171.262.61$6,748
Nov 20231837577.892.81$14,464
Oct 20231927785.443.09$16,642
Sep 202318513789.042.74$16,847
Aug 20239714080.522.67$8,185
Jul 202328014174.852.64$21,330
Jun 202318712068.962.26$13,167
May 20231789370.622.23$12,778
Apr 2023917078.122.24$7,266
Mar 202318311872.852.39$13,614
Feb 20231799275.112.47$13,672
Jan 202327013276.533.39$21,110
Dec 202209476.415.73$539
Nov 202224712385.005.65$21,689
Oct 202217710987.185.86$16,070
Sep 20221848684.888.16$16,320
Aug 20221829194.529.13$18,033
Jul 20229385101.587.54$10,088
Jun 20229279115.097.98$11,218
May 2022180123109.378.43$20,724
Apr 202289107104.226.84$10,007
Mar 2022276124108.885.08$30,680
Feb 20221795691.054.86$16,570
Jan 20221795681.844.54$14,903
Dec 20211822671.323.90$13,082
Nov 202118110777.435.24$14,575
Oct 2021183079.795.71$14,602
Sep 20219513569.865.35$7,359
Aug 20212835366.024.22$18,907
Jul 2021954470.783.98$6,899
Jun 2021226069.493.38$15,705
May 202124217163.483.02$15,878
Apr 202124516760.362.76$15,249
Mar 202124220261.302.72$15,383
Feb 202112112157.805.55$7,665
Jan 202124017650.412.81$12,593
Dec 202023917644.642.68$11,140
Nov 202025117638.772.71$10,208
Oct 20201189936.972.48$4,608
Sep 202036512537.091.99$13,787
Aug 202012214139.982.39$5,214
Jul 202024014838.371.83$9,479
Jun 202024319134.901.69$8,804
May 202024120316.921.81$4,446
Apr 202037320014.751.80$5,863
Mar 202023322130.341.86$7,479
Feb 202012118549.881.98$6,402
Jan 20202587757.252.09$14,932
Dec 201923614759.012.30$14,265
Nov 20191224855.302.75$6,879
Oct 20192416553.472.42$13,043
Sep 20192433755.052.66$13,475
Aug 20191282053.112.30$6,844
Jul 20193715956.272.46$21,021
Jun 20191274452.782.49$6,813
May 20192076858.482.74$12,292
Apr 20192042062.632.75$12,832
Mar 20190656.803.06$18
Feb 201935716950.852.79$18,625
Jan 201923620446.033.23$11,522
Dec 201824121046.594.19$12,107
Nov 2018241052.934.24$12,756
Oct 201812311761.443.40$7,955
Sep 201824619259.543.11$15,244
Aug 201836220259.403.07$22,122
Jul 201812120965.142.93$8,495
Jun 201824517260.183.08$15,273
May 201838417465.382.90$25,611
Apr 201824317763.842.90$16,027
Mar 201811612061.222.79$7,436
Feb 20181227561.782.77$7,745
Jan 201837418162.874.01$24,239
Dec 201724317557.272.92$14,428
Nov 201737017955.423.12$21,064
Oct 20172488949.292.98$12,489
Sep 2017017647.523.09$543
Aug 201724515245.373.00$11,572
Jul 2017483043.873.09$21,189
Jun 2017239042.493.09$10,155
May 2017261045.373.26$11,842
Apr 2017243047.933.21$11,647
Mar 2017239046.772.98$11,178
Feb 2017232050.452.95$11,704
Jan 2017245049.413.42$12,105
Dec 2016242048.763.72$11,800
Nov 2016218042.492.64$9,263
Oct 2016209046.193.09$9,654
Sep 2016203041.553.10$8,435
Aug 2016204041.442.92$8,454
Jul 20161981241.622.92$8,276
Jun 20162065345.352.69$9,484
May 201620616542.521.99$9,088
Apr 201642016536.561.99$15,684
Mar 201620715233.011.79$7,106
Feb 20162087626.472.06$5,663
Jan 201620716027.352.36$6,040
Dec 201520916432.362.00$7,091
Nov 201520216538.792.17$8,193
Oct 201521416343.552.43$9,715
Sep 201545218342.992.76$19,936

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                  243 bbl  × $106.41 =    $25,858
Casinghead gas         0 Mcf  × $  3.05 =         $0

────────────────────────────────────────────────────
Month total                                  $25,858

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. 08/O/46979 is the state's own key, not one this site invented.