LEE, T. W.

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 6129District 6EField 27302001OilCasinghead gasSaveExport
Value, all time
$21.5 M
Jan 1993 – May 2026
Value, last 12 filed months
$693 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
OilDisposition532,138 bbl$20,300,876
Casinghead gasProduction378,183 Mcf$1,176,859
Total$21,477,735

87,683 Mcf of this lease's gas, across 48 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 20266940106.413.05$73,849
Apr 202669995498.932.87$71,890
Mar 20267131,00089.753.15$67,141
Feb 202696385463.503.75$64,353
Jan 202655171059.138.00$38,259
Dec 202571779056.664.41$44,112
Nov 20258941,09158.593.93$56,663
Oct 20256961,10059.383.30$44,964
Sep 20258871,12162.743.08$59,100
Aug 20258791,15263.933.01$59,667
Jul 20257051,15366.743.32$50,874
Jun 20258811,04166.483.13$61,826
May 20254301,00060.553.23$29,269
Apr 202579096762.363.54$52,691
Mar 20259521,09367.704.27$69,116
Feb 202574079770.884.34$55,911
Jan 202576960574.324.28$59,741
Dec 20247591,00968.993.12$55,513
Nov 202476499869.052.20$54,948
Oct 202473799371.372.28$54,865
Sep 202473792369.612.36$53,485
Aug 202454681675.632.06$42,978
Jul 20249151,05379.932.15$75,396
Jun 20248731,06478.082.63$70,966
May 202490599578.812.20$73,511
Apr 20249451,04084.451.66$81,531
Mar 202474085880.301.55$60,748
Feb 202455269976.091.78$43,248
Jan 202438357873.023.30$29,873
Dec 202369384271.262.61$51,581
Nov 2023571077.892.81$44,475
Oct 202370685885.443.09$62,970
Sep 202356884689.042.74$52,889
Aug 202375286180.522.67$62,852
Jul 202357082574.852.64$44,844
Jun 202350077668.962.26$36,233
May 202356983270.622.23$42,036
Apr 202353890478.122.24$44,052
Mar 202373481672.852.39$55,425
Feb 2023744075.112.47$55,882
Jan 202337868576.533.39$31,249
Dec 202273280676.415.73$60,550
Nov 202271188985.005.65$65,454
Oct 202274692687.185.86$70,466
Sep 202273098284.888.16$69,979
Aug 202268595594.529.13$73,463
Jul 20226951,036101.587.54$78,412
Jun 20226721,021115.097.98$85,485
May 2022875918109.378.43$103,440
Apr 2022731918104.226.84$82,462
Mar 2022737976108.885.08$85,199
Feb 202256083491.054.86$55,040
Jan 202276593481.844.54$66,846
Dec 20216891,00471.323.90$53,054
Nov 202181098877.435.24$67,892
Oct 202167099179.795.71$59,122
Sep 20216941,03069.865.35$53,994
Aug 20218551,08366.024.22$61,018
Jul 20217181,05570.783.98$55,021
Jun 20217101,03269.493.38$52,827
May 20217901,03463.483.02$53,269
Apr 20218081,06460.362.76$51,706
Mar 20218581,09361.302.72$55,565
Feb 202152984257.805.55$35,248
Jan 20219431,02650.412.81$50,420
Dec 20207411,05944.642.68$35,912
Nov 20209281,09638.772.71$38,945
Oct 20207611,12236.972.48$30,915
Sep 20208361,10137.091.99$33,199
Aug 20207021,16639.982.39$30,847
Jul 20208181,17738.371.83$33,535
Jun 20206901,07434.901.69$25,896
May 202066892816.921.81$12,987
Apr 202013747914.751.80$2,885
Mar 20208741,13330.341.86$28,620
Feb 20205541,00149.881.98$29,616
Jan 20208651,10857.252.09$51,842
Dec 20199071,09559.012.30$56,045
Nov 201981784855.302.75$47,513
Oct 20195461,07853.472.42$31,802
Sep 20199221,22055.052.66$53,998
Aug 20199081,27053.112.30$51,150
Jul 20196571,19956.272.46$39,919
Jun 2019905052.782.49$47,766
May 201932485658.482.74$21,293
Apr 20191,1041,21162.632.75$72,475
Mar 20191,2421,19556.803.06$74,205
Feb 201968878750.852.79$37,182
Jan 20191,07198746.033.23$52,484
Dec 20181,219046.594.19$56,793
Nov 20181,149052.934.24$60,817
Oct 20187191,13661.443.40$48,036
Sep 20189101,13559.543.11$57,709
Aug 20181,0531,33459.403.07$66,639
Jul 20189301,24065.142.93$64,216
Jun 20181,0921,19260.183.08$69,384
May 20187441,10665.382.90$51,851
Apr 20189401,04163.842.90$63,029
Mar 20181,1061,08061.222.79$70,719
Feb 20187571,00561.782.77$49,547
Jan 201894482362.874.01$62,649
Dec 201755875157.272.92$34,151
Nov 201772071655.423.12$42,135
Oct 201786085449.292.98$44,937
Sep 201791886247.523.09$46,285
Aug 201793887445.373.00$45,183
Jul 201755464243.873.09$26,286
Jun 201773873342.493.09$33,621
May 201775566045.373.26$36,408
Apr 201772372647.933.21$36,985
Mar 201784365946.772.98$41,393
Feb 201756150850.452.95$29,802
Jan 201774962849.413.42$39,155
Dec 201657165148.763.72$30,266
Nov 201693170642.492.64$41,425
Oct 201656957146.193.09$28,047
Sep 201654351341.553.10$24,152
Aug 201675049841.442.92$32,536
Jul 201637551841.622.92$17,122
Jun 201672661745.352.69$34,581
May 201656853942.521.99$25,225
Apr 201676363336.561.99$29,156
Mar 201672053333.011.79$24,723
Feb 201675673026.472.06$21,518
Jan 20161,10495127.352.36$32,443
Dec 201593287932.362.00$31,919
Nov 201593881938.792.17$38,160
Oct 201575987343.552.43$35,173
Sep 20159051,18542.992.76$42,175
Aug 20151,1121,02240.162.87$47,594
Jul 20151,1131,07848.152.95$56,766
Jun 201593181956.152.88$54,637
May 201591992055.212.96$53,457
Apr 20151,12293649.822.71$58,431
Mar 20151,12595542.892.93$51,054
Feb 20151,08788944.662.98$51,191
Jan 20151,08678943.433.10$49,611
Dec 20141,62968154.693.59$91,536
Nov 20141,41935470.464.25$101,488
Oct 20141,47696978.303.90$119,351
Sep 20141,2681,05486.164.05$113,515
Aug 20141,2671,04589.394.04$117,474
Jul 20141,0991,08896.564.18$110,667
Jun 20141,23492698.164.74$125,516
May 20141,26784294.734.73$124,003
Apr 201454965995.944.81$55,840
Mar 201470351095.895.06$69,990
Feb 201455651497.406.19$57,337
Jan 201469955990.404.86$65,907
Dec 201386258091.824.35$81,674
Nov 201371855988.853.74$65,884
Oct 201389055997.423.78$88,816
Sep 2013758464104.113.72$80,640
Aug 2013712492104.253.52$75,959
Jul 2013537335102.523.72$56,299
Jun 201371139094.403.93$68,652
May 201336932694.834.15$36,345
Apr 201337230193.964.28$36,242
Mar 201354139893.623.91$52,206
Feb 201352830891.233.42$49,223
Jan 201356037691.603.42$52,582
Dec 201252937686.773.42$47,187
Nov 201252237286.953.62$46,736
Oct 201251241089.383.40$47,156
Sep 201255340394.672.92$53,529
Aug 201269841092.662.91$65,869
Jul 201253641785.133.02$46,889
Jun 201253739979.822.52$43,868
May 201234335591.612.49$32,306
Apr 2012710343101.652.00$72,856
Mar 2012535386105.052.22$57,059
Feb 2012555353101.102.57$57,018
Jan 201254337698.092.73$54,291
Dec 201155637196.873.24$55,062
Nov 201153638195.723.31$52,568
Oct 201173741684.983.65$64,148
Sep 201136339983.623.99$31,944
Aug 201172344483.404.15$62,141
Jul 201155943794.144.52$54,598
Jun 201154543092.904.64$52,626
May 201156240598.134.40$56,933
Apr 2011499401105.964.33$54,612
Mar 201155236996.364.06$54,688
Feb 201156439885.644.18$49,965
Jan 201174645186.504.59$66,599
Dec 201077147085.734.35$68,141
Nov 201056445080.843.80$47,302
Oct 201073449578.103.51$59,062
Sep 201054748372.633.98$41,651
Aug 201073852573.684.42$56,696
Jul 201052944472.554.74$40,482
Jun 201055145570.364.91$41,003
May 201072850371.124.24$53,906
Apr 201076545981.694.12$64,385
Mar 201077842178.394.39$62,835
Feb 201059535273.585.44$45,696
Jan 201048335574.365.96$38,033
Dec 200974046971.445.48$55,437
Nov 200956845274.593.75$44,063
Oct 200973947372.544.11$55,551
Sep 200956245465.543.06$38,225
Aug 200971347867.423.22$49,609
Jul 200973650261.133.46$46,731
Jun 200977749366.163.90$53,327
May 200958345554.743.93$33,700
Apr 200976443546.773.59$37,293
Mar 200957637442.144.06$25,791
Feb 200937832032.814.63$13,885
Jan 200974040035.865.37$28,685
Dec 200874547437.105.98$30,473
Nov 200876253655.496.86$45,961
Oct 200875064575.246.92$60,895
Sep 2008755573101.767.88$81,342
Aug 2008936688114.228.48$112,746
Jul 2008925704131.0811.39$129,267
Jun 2008865660131.3313.03$122,202
May 20081,127740123.1711.57$147,378
Apr 20081,075702110.3110.45$125,923
Mar 2008905722101.909.66$99,197
Feb 200891861892.538.77$90,363
Jan 20081,09567890.388.21$104,530
Dec 20071,22070488.337.30$112,903
Nov 200789566291.677.29$86,872
Oct 20071,07067682.856.92$93,329
Sep 200791270575.846.24$73,568
Aug 200772069269.066.39$54,144
Jul 20071,08274370.906.39$81,460
Jun 20071,03965162.007.55$69,332
May 20071,19872758.747.85$76,075
Apr 20071,09270159.617.81$70,566
Mar 20071,09764956.927.30$67,180
Feb 200771845055.108.22$43,259
Jan 200772852450.306.73$40,143
Dec 20061,08656056.656.92$65,396
Nov 200690258554.207.62$53,345
Oct 200690262054.906.01$53,248
Sep 200691068460.085.04$58,118
Aug 20061,05973968.717.34$78,188
Jul 20061,08470469.376.34$79,662
Jun 200689664166.286.38$63,479
May 20061,05872166.016.42$74,471
Apr 200693967564.397.36$65,431
Mar 200690363256.707.08$55,677
Feb 200672959757.597.75$46,611
Jan 200687159460.598.93$58,080
Dec 20051,08563154.9413.42$68,075
Nov 200591971554.6910.59$57,831
Oct 20051,09082558.3413.80$74,972
Sep 200591468661.4512.08$64,451
Aug 200599068261.519.80$67,576
Jul 20051,56390955.697.84$94,173
Jun 20051,08573952.337.38$62,233
May 20051,12283945.226.65$56,317
Apr 20051,15281749.207.36$62,692
Mar 20051,47090350.377.15$80,505
Feb 20051,13466845.226.31$55,496
Jan 20051,10680243.166.32$52,805
Dec 20041,33382239.866.75$58,683
Nov 200492982545.286.33$47,288
Oct 20041,31775849.706.52$70,393
Sep 20041,13888543.245.28$53,883
Aug 20041,32691242.375.55$61,245
Jul 20041,32489038.286.08$56,098
Jun 20041,33478236.106.43$53,188
May 20041,13877637.486.49$47,692
Apr 20041,33481034.475.86$50,728
Mar 20041,33089134.365.53$50,626
Feb 20041,32076432.455.51$47,043
Jan 20041,34086732.036.30$48,382
Dec 20031,32583630.266.30$45,363
Nov 20031,11983528.804.60$36,064
Oct 20031,31493028.174.76$41,442
Sep 20031,32187126.314.75$38,892
Aug 20031,13790929.765.13$38,500
Jul 20031,30794429.415.17$43,320
Jun 20031,14185628.565.98$37,708
May 20031,3051,03826.595.97$40,900
Apr 20031,4411,07426.675.41$44,239
Mar 20031,31998331.146.10$47,066
Feb 20031,32985933.487.93$51,303
Jan 20031,13284530.315.58$39,028
Dec 20021,32878326.914.85$39,537
Nov 20021,33693124.664.14$36,797
Oct 20021,52395626.464.23$44,342
Sep 20021,1381,11427.443.64$35,276
Aug 20021,5181,16725.963.16$43,100
Jul 20021,13692424.583.06$30,752
Jun 20021,3251,14323.733.34$35,258
May 20021,4761,06824.663.58$40,226
Apr 20021,46698823.653.51$38,141
Mar 20021,26398322.003.10$30,836
Feb 20021,15795718.222.38$23,354
Jan 20021,52494917.172.38$28,422
Dec 20011,69895316.932.36$31,000
Nov 20011,15490418.072.41$23,027
Oct 20011,51799119.782.53$32,512
Sep 20011,5221,15524.262.25$39,524
Aug 20011,3131,16624.873.05$36,214
Jul 20011,6841,17023.933.20$44,039
Jun 20011,5271,12924.563.82$41,821
May 20011,5181,19925.524.31$43,904
Apr 20011,4961,18424.685.34$43,238
Mar 20011,5181,03224.545.38$42,800
Feb 20011,5291,18827.755.77$49,281
Jan 20011,52295827.478.40$49,855
Dec 20009451,15626.889.12$35,947
Nov 20001,6631,22432.215.66$60,491
Oct 20001,2891,13831.235.15$46,111
Sep 20001,7051,10631.875.19$60,075
Aug 20001,6301,12529.644.54$53,422
Jul 20001,6711,18328.534.09$52,512
Jun 20001,6901,01029.304.40$53,958
May 20001,55399727.263.68$46,003
Apr 20001,8161,00924.513.12$47,654
Mar 20001,61999828.422.86$48,866
Feb 20001,74686827.622.73$50,591
Jan 20001,58098725.272.48$42,375
Dec 19991,39589324.282.42$36,035
Nov 19991,53995723.192.43$38,019
Oct 19991,51093620.982.80$34,304
Sep 19991,51187121.752.62$35,145
Aug 19991,05171419.262.88$22,295
Jul 19991,50188217.892.37$28,945
Jun 19991,72993615.942.36$29,771
May 19991,62485215.792.32$27,620
Apr 19991,68178815.102.21$27,123
Mar 19991,52591912.471.84$20,706
Feb 19991,7129669.981.82$18,842
Jan 19991,7791,00510.381.90$20,375
Dec 19982,0261,1189.201.77$20,622
Nov 19982,0211,02610.892.19$24,251
Oct 19982,0511,26612.421.97$27,966
Sep 19982,0641,27212.592.08$28,635
Aug 19982,0581,32911.301.91$25,790
Jul 19982,1681,58911.742.24$29,007
Jun 19982,2051,44311.242.24$28,013
May 19981,9161,38412.622.21$27,233
Apr 19982,1091,39013.042.51$30,984
Mar 19982,3011,48812.802.31$32,889
Feb 19982,1021,32413.952.30$32,367
Jan 19982,3881,21814.702.15$37,728
Dec 19972,4151,38616.322.41$42,755
Nov 19972,2831,21218.193.09$45,271
Oct 19972,2171,30419.253.15$46,785
Sep 19972,4391,52017.742.95$47,759
Aug 19972,4031,63117.862.55$47,084
Jul 19972,4741,56417.582.25$47,007
Jun 19972,4061,52417.242.26$44,919
May 19972,6201,53918.972.31$53,254
Apr 19972,6531,42717.882.08$50,408
Mar 19972,5751,37318.951.94$51,459
Feb 19972,5231,41320.492.21$54,813
Jan 19972,7191,53123.483.54$69,261
Dec 19963,0331,69223.32$70,730
Nov 19962,8961,57221.97$63,625
Oct 19963,0291,76623.31$70,606
Sep 19962,9311,69722.22$65,127
Aug 19963,0231,76620.26$61,246
Jul 19963,0161,70919.55$58,963
Jun 19962,7171,53918.73$50,889
May 19962,4171,36819.43$46,962
Apr 19962,8211,39521.51$60,680
Mar 19962,8291,55919.38$54,826
Feb 19962,5411,31416.98$43,146
Jan 19962,7321,36917.07$46,635
Dec 19952,8121,37017.19$48,338
Nov 19952,7781,51516.00$44,448
Oct 19952,8071,47115.43$43,312
Sep 19952,7111,53716.18$43,864
Aug 19952,7941,48815.92$44,480
Jul 19952,7961,55115.24$42,611
Jun 19952,7831,44116.41$45,669
May 19953,1151,55717.56$54,699
Apr 19953,3901,69217.73$60,105
Mar 19953,3461,66016.44$55,008
Feb 19953,1461,51416.58$52,161
Jan 19952,3921,18815.92$38,081
Dec 19943,6951,86715.03$55,536
Nov 19943,5791,65615.90$56,906
Oct 19943,6062,03615.58$56,181
Sep 19943,4181,59815.29$52,261
Aug 19943,8372,03016.13$61,891
Jul 19943,6372,36817.56$63,866
Jun 19944,2842,35717.09$73,214
May 19944,1402,28415.88$65,743
Apr 19944,2862,31114.14$60,604
Mar 19944,6682,21912.46$58,163
Feb 19943,0111,50112.50$37,638
Jan 19943,9991,91112.66$50,627
Dec 19933,8191,82112.33$47,088
Nov 19933,9301,98114.49$56,946
Oct 19933,8541,90715.85$61,086
Sep 19934,2862,19615.03$64,419
Aug 19934,5272,19615.66$70,893
Jul 19934,0682,01315.46$62,891
Jun 19934,6172,33516.79$77,519
May 19935,1512,59517.68$91,070
Apr 19935,3812,41618.05$97,127
Mar 19935,3402,61418.14$96,868
Feb 19935,0022,28617.90$89,536
Jan 19936,1092,45516.93$103,425

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                  694 bbl  × $106.41 =    $73,849
Casinghead gas         0 Mcf  × $  3.05 =         $0

────────────────────────────────────────────────────
Month total                                  $73,849

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/6129 is the state's own key, not one this site invented.