ELDER, H. T.

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

Oil lease lease 6040District 6EField 27302001OilCasinghead gasSaveExport
Value, all time
$2.4 M
Jan 1993 – May 2026
Value, last 12 filed months
$71 k
at the published price for each month
Months reported
401
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 2,264 leases and 17,267 wells, and the rule below applies to all of them.

Discovered
1930-12-31
as the register files it
Field class
Oil
the register's own label
Between wells
330 ft
minimum
From a lease line
330 ft
minimum

A drilling unit in this field needs at least 5 acres. The field rule took effect on 2015-01-27.

The Commission's schedule remark for this field reads: THIS ORDER TO BE CANCELLED

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
OilDisposition47,431 bbl$2,405,471
Casinghead gasProduction539 Mcf$3,188
Total$2,408,659

34 Mcf of this lease's gas, across 34 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.

Every month this lease reported (401)

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

401 months

May 202600106.413.05$0
Apr 2026176098.932.87$17,412
Mar 20260089.753.15$0
Feb 2026176063.503.75$11,176
Jan 2026171059.138.00$10,111
Dec 20250056.664.41$0
Nov 2025172058.593.93$10,077
Oct 20250059.383.30$0
Sep 2025171062.743.08$10,729
Aug 20250063.933.01$0
Jul 2025169066.743.32$11,279
Jun 20250066.483.13$0
May 2025187060.553.23$11,323
Apr 20250062.363.54$0
Mar 2025185067.704.27$12,525
Feb 2025160070.884.34$11,341
Jan 20250074.324.28$0
Dec 2024167068.993.12$11,521
Nov 20240069.052.20$0
Oct 2024165071.372.28$11,776
Sep 20240069.612.36$0
Aug 2024191075.632.06$14,445
Jul 20240079.932.15$0
Jun 2024191078.082.63$14,913
May 20240078.812.20$0
Apr 2024156084.451.66$13,174
Mar 20240080.301.55$0
Feb 2024178076.091.78$13,544
Jan 2024188073.023.30$13,728
Dec 20230071.262.61$0
Nov 2023165077.892.81$12,852
Oct 20230085.443.09$0
Sep 2023185089.042.74$16,472
Aug 20230080.522.67$0
Jul 2023175074.852.64$13,099
Jun 20230068.962.26$0
May 2023164070.622.23$11,582
Apr 20230078.122.24$0
Mar 2023164072.852.39$11,947
Feb 2023169075.112.47$12,694
Jan 20230076.533.39$0
Dec 2022177076.415.73$13,525
Nov 20220085.005.65$0
Oct 2022168087.185.86$14,646
Sep 20220084.888.16$0
Aug 2022153094.529.13$14,462
Jul 20221490101.587.54$15,135
Jun 202200115.097.98$0
May 20221490109.378.43$16,296
Apr 20221550104.226.84$16,154
Mar 202200108.885.08$0
Feb 202292091.054.86$8,377
Jan 202293081.844.54$7,611
Dec 202187071.323.90$6,205
Nov 202192077.435.24$7,124
Oct 2021165079.795.71$13,165
Sep 202191069.865.35$6,357
Aug 202191066.024.22$6,008
Jul 202190070.783.98$6,370
Jun 202192069.493.38$6,393
May 2021165063.483.02$10,474
Apr 20210060.362.76$0
Mar 2021167061.302.72$10,237
Feb 20210057.805.55$0
Jan 2021161050.412.81$8,116
Dec 2020158044.642.68$7,053
Nov 2020157038.772.71$6,087
Oct 20200036.972.48$0
Sep 2020151037.091.99$5,601
Aug 20200039.982.39$0
Jul 2020158038.371.83$6,062
Jun 2020155034.901.69$5,410
May 20200016.921.81$0
Apr 2020150014.751.80$2,213
Mar 2020154030.341.86$4,672
Feb 20200049.881.98$0
Jan 2020153057.252.09$8,759
Dec 2019156059.012.30$9,206
Nov 2019154055.302.75$8,516
Oct 20190053.472.42$0
Sep 2019148055.052.66$8,147
Aug 2019155053.112.30$8,232
Jul 20190056.272.46$0
Jun 2019157052.782.49$8,286
May 2019155058.482.74$9,064
Apr 2019152062.632.75$9,520
Mar 20190056.803.06$0
Feb 2019143050.852.79$7,272
Jan 2019136046.033.23$6,260
Dec 2018136046.594.19$6,336
Nov 20180052.934.24$0
Oct 2018149061.443.40$9,155
Sep 2018149059.543.11$8,871
Aug 20180059.403.07$0
Jul 2018157065.142.93$10,227
Jun 2018147060.183.08$8,846
May 20180065.382.90$0
Apr 2018144063.842.90$9,193
Mar 2018134061.222.79$8,203
Feb 2018149061.782.77$9,205
Jan 20180062.874.01$0
Dec 2017128057.272.92$7,331
Nov 2017139055.423.12$7,703
Oct 2017144049.292.98$7,098
Sep 20170047.523.09$0
Aug 2017151045.373.00$6,851
Jul 2017157043.873.09$6,888
Jun 20170042.493.09$0
May 2017141045.373.26$6,397
Apr 2017137047.933.21$6,566
Mar 2017130046.772.98$6,080
Feb 2017141050.452.95$7,113
Jan 20170049.413.42$0
Dec 2016137048.763.72$6,680
Nov 2016140042.492.64$5,949
Oct 2016136046.193.09$6,282
Sep 2016133041.553.10$5,526
Aug 20160041.442.92$0
Jul 2016132041.622.92$5,494
Jun 2016139045.352.69$6,304
May 2016138042.521.99$5,868
Apr 2016128036.561.99$4,680
Mar 20160033.011.79$0
Feb 2016142026.472.06$3,759
Jan 2016140027.352.36$3,829
Dec 2015129032.362.00$4,174
Nov 20150038.792.17$0
Oct 2015109043.552.43$4,747
Sep 2015130042.992.76$5,589
Aug 2015147040.162.87$5,904
Jul 2015127048.152.95$6,115
Jun 2015145056.152.88$8,142
May 2015149055.212.96$8,226
Apr 2015153049.822.71$7,622
Mar 20150042.892.93$0
Feb 2015152044.662.98$6,788
Jan 2015154043.433.10$6,688
Dec 20140054.693.59$0
Nov 2014147070.464.25$10,358
Oct 2014148078.303.90$11,588
Sep 2014152086.164.05$13,096
Aug 2014152089.394.04$13,587
Jul 2014154096.564.18$14,870
Jun 2014156098.164.74$15,313
May 20140094.734.73$0
Apr 2014154095.944.81$14,775
Mar 2014140095.895.06$13,425
Feb 2014155097.406.19$15,097
Jan 2014154090.404.86$13,922
Dec 2013159091.824.35$14,599
Nov 2013157088.853.74$13,949
Oct 2013162097.423.78$15,782
Sep 201300104.113.72$0
Aug 20131540104.253.52$16,055
Jul 20131560102.523.72$15,993
Jun 2013153094.403.93$14,443
May 2013154094.834.15$14,604
Apr 2013164093.964.28$15,409
Mar 2013153093.623.91$14,324
Feb 2013153091.233.42$13,958
Jan 2013151091.603.42$13,832
Dec 2012158086.773.42$13,710
Nov 20120086.953.62$0
Oct 2012287089.383.40$25,652
Sep 2012160094.672.92$15,147
Aug 20120092.662.91$0
Jul 2012157085.133.02$13,365
Jun 2012160079.822.52$12,771
May 2012160091.612.49$14,658
Apr 20121570101.652.00$15,959
Mar 20121160105.052.22$12,186
Feb 20121540101.102.57$15,569
Jan 2012159098.092.73$15,596
Dec 2011161096.873.24$15,596
Nov 2011158095.723.31$15,124
Oct 2011156084.983.65$13,257
Sep 2011154083.623.99$12,877
Aug 2011151083.404.15$12,593
Jul 2011156094.144.52$14,686
Jun 2011153092.904.64$14,214
May 2011158098.134.40$15,505
Apr 20111580105.964.33$16,742
Mar 2011156096.364.06$15,032
Feb 2011156085.644.18$13,360
Jan 2011151086.504.59$13,062
Dec 2010159085.734.35$13,631
Nov 2010159080.843.80$12,854
Oct 2010152078.103.51$11,871
Sep 2010153072.633.98$11,112
Aug 20100073.684.42$0
Jul 2010149072.554.74$10,810
Jun 2010190070.364.91$13,368
May 2010155071.124.24$11,024
Apr 2010168081.694.12$13,724
Mar 2010158078.394.39$12,386
Feb 20100073.585.44$0
Jan 2010150074.365.96$11,154
Dec 2009148071.445.48$10,573
Nov 2009154074.593.75$11,487
Oct 2009156072.544.11$11,316
Sep 20090065.543.06$0
Aug 2009169067.423.22$11,394
Jul 2009161061.133.46$9,842
Jun 2009155066.163.90$10,255
May 2009154054.743.93$8,430
Apr 2009153046.773.59$7,156
Mar 2009137042.144.06$5,773
Feb 2009161032.814.63$5,282
Jan 2009159035.865.37$5,702
Dec 2008157037.105.98$5,825
Nov 2008161055.496.86$8,934
Oct 2008266075.246.92$20,014
Sep 20082040101.767.88$20,759
Aug 200800114.228.48$0
Jul 200800131.0811.39$0
Jun 200800131.3313.03$0
May 200800123.1711.57$0
Apr 200800110.3110.45$0
Mar 200800101.909.66$0
Feb 20080092.538.77$0
Jan 20080090.388.21$0
Dec 20070088.337.30$0
Nov 2007169091.677.29$15,492
Oct 20070082.856.92$0
Sep 2007166075.846.24$12,589
Aug 2007166069.066.39$11,464
Jul 2007166070.906.39$11,769
Jun 2007168062.007.55$10,416
May 2007166058.747.85$9,751
Apr 2007168059.617.81$10,014
Mar 20070056.927.30$0
Feb 2007165055.108.22$9,092
Jan 2007171050.306.73$8,601
Dec 2006168056.656.92$9,517
Nov 2006134054.207.62$7,263
Oct 2006171054.906.01$9,388
Sep 2006168060.085.04$10,093
Aug 2006169068.717.34$11,612
Jul 2006164069.376.34$11,377
Jun 20060066.286.38$0
May 2006147066.016.42$9,703
Apr 2006165064.397.36$10,624
Mar 2006166056.707.08$9,412
Feb 2006155057.597.75$8,926
Jan 20060060.598.93$0
Dec 2005166054.9413.42$9,120
Nov 2005164054.6910.59$8,969
Oct 20050058.3413.80$0
Sep 2005161061.4512.08$9,893
Aug 2005163061.519.80$10,026
Jul 2005162055.697.84$9,022
Jun 20050052.337.38$0
May 2005156045.226.65$7,054
Apr 2005164049.207.36$8,069
Mar 2005163050.377.15$8,210
Feb 200516350545.226.31$10,558
Jan 20050043.166.32$0
Dec 2004158039.866.75$6,298
Nov 2004169045.286.33$7,652
Oct 2004135049.706.52$6,710
Sep 2004164043.245.28$7,091
Aug 2004144042.375.55$6,101
Jul 2004146038.286.08$5,589
Jun 2004158036.106.43$5,704
May 2004161037.486.49$6,034
Apr 2004159034.475.86$5,481
Mar 2004164034.365.53$5,635
Feb 20040032.455.51$0
Jan 20040032.036.30$0
Dec 2003175030.266.30$5,296
Nov 2003156028.804.60$4,493
Oct 2003161028.174.76$4,535
Sep 2003164026.314.75$4,315
Aug 2003165029.765.13$4,910
Jul 20030029.415.17$0
Jun 2003164028.565.98$4,684
May 2003248026.595.97$6,594
Apr 2003166026.675.41$4,427
Mar 2003163031.146.10$5,076
Feb 20030033.487.93$0
Jan 2003148030.315.58$4,486
Dec 2002169026.914.85$4,548
Nov 2002152024.664.14$3,748
Oct 2002155026.464.23$4,101
Sep 200254027.443.64$1,482
Aug 2002131025.963.16$3,401
Jul 20020024.583.06$0
Jun 2002302023.733.34$7,166
May 20020024.663.58$0
Apr 2002177023.653.51$4,186
Mar 2002106022.003.10$2,332
Feb 200282018.222.38$1,494
Jan 2002164017.172.38$2,816
Dec 2001100016.932.36$1,693
Nov 2001259018.072.41$4,680
Oct 2001156019.782.53$3,086
Sep 2001235024.262.25$5,701
Aug 20010024.873.05$0
Jul 2001134023.933.20$3,207
Jun 2001113024.563.82$2,775
May 2001123025.524.31$3,139
Apr 2001105024.685.34$2,591
Mar 2001123024.545.38$3,018
Feb 2001103027.755.77$2,858
Jan 2001165027.478.40$4,533
Dec 2000104026.889.12$2,796
Nov 20000032.215.66$0
Oct 2000126031.235.15$3,935
Sep 2000153031.875.19$4,876
Aug 2000163029.644.54$4,831
Jul 20000028.534.09$0
Jun 2000131029.304.40$3,838
May 2000126027.263.68$3,435
Apr 2000142024.513.12$3,480
Mar 2000109028.422.86$3,098
Feb 2000144027.622.73$3,977
Jan 2000205025.272.48$5,180
Dec 199986024.282.42$2,088
Nov 1999146023.192.43$3,386
Oct 1999158020.982.80$3,315
Sep 1999162021.752.62$3,524
Aug 1999158019.262.88$3,043
Jul 1999161017.892.37$2,880
Jun 1999151015.942.36$2,407
May 1999165015.792.32$2,605
Apr 1999164015.102.21$2,476
Mar 1999157012.471.84$1,958
Feb 199921709.981.82$2,166
Jan 19990010.381.90$0
Dec 199816009.201.77$1,472
Nov 1998144010.892.19$1,568
Oct 19980012.421.97$0
Sep 19980012.592.08$0
Aug 199848011.301.91$542
Jul 199855011.742.24$646
Jun 19980011.242.24$0
May 1998119012.622.21$1,502
Apr 1998115013.042.51$1,500
Mar 1998133012.802.31$1,702
Feb 1998118013.952.30$1,646
Jan 1998131014.702.15$1,926
Dec 1997143016.322.41$2,334
Nov 1997145018.193.09$2,638
Oct 1997143019.253.15$2,753
Sep 1997141017.742.95$2,501
Aug 1997133017.862.55$2,375
Jul 199793017.582.25$1,635
Jun 1997170017.242.26$2,931
May 1997141018.972.31$2,675
Apr 1997111017.882.08$1,985
Mar 1997203018.951.94$3,847
Feb 19970020.492.21$0
Jan 1997125023.483.54$2,935
Dec 1996113023.32$2,635
Nov 1996112021.97$2,461
Oct 1996112023.31$2,611
Sep 199690022.22$2,000
Aug 1996117020.26$2,370
Jul 1996123019.55$2,405
Jun 1996122018.73$2,285
May 1996119019.43$2,312
Apr 1996120021.51$2,581
Mar 1996114019.38$2,209
Feb 1996106016.98$1,800
Jan 1996120017.07$2,048
Dec 1995107017.19$1,839
Nov 1995118016.00$1,888
Oct 1995112115.43$1,728
Sep 1995136116.18$2,200
Aug 1995134115.92$2,133
Jul 1995151115.24$2,301
Jun 1995130116.41$2,133
May 1995145117.56$2,546
Apr 1995144117.73$2,553
Mar 1995151116.44$2,482
Feb 1995152116.58$2,520
Jan 1995160115.92$2,547
Dec 1994165115.03$2,480
Nov 1994157115.90$2,496
Oct 1994123115.58$1,916
Sep 1994104115.29$1,590
Aug 1994159116.13$2,565
Jul 1994136117.56$2,388
Jun 1994155117.09$2,649
May 1994129115.88$2,049
Apr 1994157114.14$2,220
Mar 1994160112.46$1,994
Feb 1994171112.50$2,138
Jan 19940112.66$0
Dec 199391112.33$1,122
Nov 1993165114.49$2,391
Oct 1993146115.85$2,314
Sep 19930115.03$0
Aug 1993129115.66$2,020
Jul 1993156115.46$2,412
Jun 1993162116.79$2,720
May 19930117.68$0
Apr 1993109118.05$1,967
Mar 1993136118.14$2,467
Feb 1993107117.90$1,915
Jan 1993158116.93$2,675

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
Oil                  176 bbl  × $ 98.93 =    $17,412
Casinghead gas         0 Mcf  × $  2.87 =         $0

────────────────────────────────────────────────────
Month total                                  $17,412

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. 6E/O/6040 is the state's own key, not one this site invented.