WATSON, BEN

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 6854District 6EField 27302001OilCasinghead gasSaveExport
Value, all time
$20.2 M
Jan 1993 – May 2026
Value, last 12 filed months
$661 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
OilDisposition414,432 bbl$19,701,104
Casinghead gasProduction156,749 Mcf$536,706
Total$20,237,809

35,181 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 20268410106.413.05$89,491
Apr 20266941698.932.87$68,703
Mar 2026879489.753.15$78,903
Feb 2026875463.503.75$55,578
Jan 20265212759.138.00$31,023
Dec 2025869256.664.41$49,246
Nov 20256962958.593.93$40,893
Oct 2025872059.383.30$51,779
Sep 2025875062.743.08$54,898
Aug 2025708263.933.01$45,268
Jul 20257178066.743.32$48,118
Jun 20257057266.483.13$47,094
May 20258749660.553.23$53,231
Apr 20256836362.363.54$42,815
Mar 20258459667.704.27$57,616
Feb 20255196370.884.34$37,060
Jan 202567311574.324.28$50,509
Dec 20247224168.993.12$49,939
Nov 20246512269.052.20$45,000
Oct 20246823671.372.28$48,756
Sep 20248624769.612.36$60,115
Aug 20248714375.632.06$65,962
Jul 20246753679.932.15$54,030
Jun 20246954278.082.63$54,376
May 20247323378.812.20$57,761
Apr 20245255184.451.66$44,421
Mar 20247011480.301.55$56,312
Feb 20241,0019276.091.78$76,330
Jan 20246978273.023.30$51,165
Dec 20237086971.262.61$50,632
Nov 202368513877.892.81$53,742
Oct 202386413785.443.09$74,243
Sep 202381614589.042.74$73,053
Aug 202385312180.522.67$69,007
Jul 20236658174.852.64$49,989
Jun 20237075268.962.26$48,872
May 20238295470.622.23$58,664
Apr 20234794378.122.24$37,516
Mar 20238514172.852.39$62,093
Feb 2023694075.112.47$52,126
Jan 20236835076.533.39$52,439
Dec 20228934476.415.73$68,486
Nov 20228644785.005.65$73,705
Oct 20221,0386587.185.86$90,874
Sep 20228689184.888.16$74,419
Aug 20221,03017794.529.13$98,971
Jul 2022488153101.587.54$50,725
Jun 2022517145115.097.98$60,658
May 202266396109.378.43$73,322
Apr 202268096104.226.84$71,526
Mar 2022546148108.885.08$60,200
Feb 20225239391.054.86$48,071
Jan 20227059281.844.54$58,115
Dec 20216871371.323.90$49,048
Nov 20213694177.435.24$28,786
Oct 20216651679.795.71$53,152
Sep 2021532969.865.35$37,214
Aug 20215371866.024.22$35,529
Jul 202170510070.783.98$50,298
Jun 20215188269.493.38$36,273
May 202169411463.483.02$44,399
Apr 20215125960.362.76$31,067
Mar 202169426661.302.72$43,265
Feb 202150225057.805.55$30,403
Jan 202152224550.412.81$27,003
Dec 202072127644.642.68$32,924
Nov 202052019738.772.71$20,694
Oct 202068720336.972.48$25,902
Sep 202050319037.091.99$19,035
Aug 202071421339.982.39$29,054
Jul 202068021438.371.83$26,482
Jun 202052912834.901.69$18,678
May 202055212616.921.81$9,569
Apr 20206709614.751.80$10,056
Mar 20206765430.341.86$20,610
Feb 202052714349.881.98$26,570
Jan 202068225357.252.09$39,574
Dec 201967423859.012.30$40,321
Nov 201964318655.302.75$36,070
Oct 201967117753.472.42$36,306
Sep 201966314055.052.66$36,870
Aug 201965929153.112.30$35,670
Jul 201965021556.272.46$37,104
Jun 201968613452.782.49$36,541
May 20195261358.482.74$30,796
Apr 20196991262.632.75$43,811
Mar 20196931256.803.06$39,399
Feb 201972911450.852.79$37,388
Jan 201991513546.033.23$42,553
Dec 201871610446.594.19$33,794
Nov 201852226252.934.24$28,740
Oct 201868328961.443.40$42,946
Sep 201889628959.543.11$54,246
Aug 201872929859.403.07$44,216
Jul 201871125765.142.93$47,068
Jun 20181,06523460.183.08$64,812
May 201872724765.382.90$48,248
Apr 201869623263.842.90$45,106
Mar 20181,05916561.222.79$65,292
Feb 201872512461.782.77$45,134
Jan 201873913262.874.01$46,990
Dec 201791216657.272.92$52,715
Nov 201772915055.423.12$40,869
Oct 201788828449.292.98$44,617
Sep 201771728647.523.09$34,955
Aug 201789640345.373.00$41,862
Jul 201789232943.873.09$40,148
Jun 201771833342.493.09$31,536
May 201791730445.373.26$42,596
Apr 201786928847.933.21$42,576
Mar 201789131646.772.98$42,615
Feb 201773025450.452.95$37,578
Jan 20171,08317449.413.42$54,106
Dec 201670319348.763.72$34,997
Nov 201689723142.492.64$38,724
Oct 201691025546.193.09$42,821
Sep 201691727941.553.10$38,966
Aug 20161,01034941.442.92$42,875
Jul 201687333841.622.92$37,323
Jun 201685932345.352.69$39,823
May 201687133542.521.99$37,702
Apr 20161,05832636.561.99$39,330
Mar 201691622533.011.79$30,641
Feb 201672829226.472.06$19,873
Jan 20161,11231127.352.36$31,149
Dec 20151,08131632.362.00$35,614
Nov 20151,11038938.792.17$43,900
Oct 201590451543.552.43$40,619
Sep 20151,03049142.992.76$45,634
Aug 20151,25148040.162.87$51,619
Jul 20151,06146448.152.95$52,454
Jun 201590544256.152.88$52,090
May 20151,07938155.212.96$60,698
Apr 20151,29036349.822.71$65,250
Mar 20151,04534542.892.93$45,833
Feb 20151,28032044.662.98$58,117
Jan 20151,12935543.433.10$50,133
Dec 201488931854.693.59$49,761
Nov 201488137070.464.25$63,648
Oct 201489233278.303.90$71,139
Sep 20141,09037686.164.05$95,435
Aug 201486542389.394.04$79,029
Jul 201486743296.564.18$85,523
Jun 201488332298.164.74$88,201
May 201472932994.734.73$70,613
Apr 201492029495.944.81$89,679
Mar 20141,09133995.895.06$106,330
Feb 201492527597.406.19$91,798
Jan 201490432790.404.86$83,311
Dec 20131,08841291.824.35$101,694
Nov 201389025888.853.74$80,041
Oct 20131,28344997.423.78$126,687
Sep 2013737391104.113.72$78,183
Aug 20131,092449104.253.52$115,423
Jul 2013725427102.523.72$75,914
Jun 20131,04239094.403.93$99,899
May 201390237894.834.15$87,105
Apr 201372433493.964.28$69,457
Mar 201390236293.623.91$85,862
Feb 20131,11134091.233.42$102,519
Jan 20131,04838291.603.42$97,303
Dec 201288338886.773.42$77,945
Nov 20121,27443686.953.62$112,355
Oct 201290336489.383.40$81,948
Sep 20121,23541594.672.92$118,129
Aug 201290238292.662.91$84,690
Jul 20121,20042185.133.02$103,428
Jun 201286434679.822.52$69,836
May 20121,03542591.612.49$95,874
Apr 20121,072455101.652.00$109,877
Mar 20121,242360105.052.22$131,272
Feb 20121,073348101.102.57$109,375
Jan 20121,25540398.092.73$124,205
Dec 20111,09445996.873.24$107,463
Nov 20111,04151595.723.31$101,350
Oct 20111,06851984.983.65$92,652
Sep 201190642683.623.99$77,458
Aug 20111,43256083.404.15$121,752
Jul 201190355894.144.52$87,529
Jun 20111,07650292.904.64$102,290
May 20111,23153398.134.40$123,146
Apr 20111,242526105.964.33$133,882
Mar 201190647596.364.06$89,229
Feb 20111,30540685.644.18$113,457
Jan 20111,25945286.504.59$110,978
Dec 201089147385.734.35$78,442
Nov 20101,28252480.843.80$105,626
Oct 20101,44061078.103.51$114,604
Sep 20101,41258972.633.98$104,897
Aug 20101,06452973.684.42$80,733
Jul 201068923972.554.74$51,119
Jun 20101,11350670.364.91$80,795
May 201068537071.124.24$50,284
Apr 201070928781.694.12$59,101
Mar 201053426178.394.39$43,006
Feb 201052224473.585.44$39,737
Jan 201089934774.365.96$68,919
Dec 200971737971.445.48$53,301
Nov 200989737074.593.75$68,295
Oct 200972938172.544.11$54,448
Sep 20091,06943665.543.06$71,398
Aug 20091,06146367.423.22$73,023
Jul 200970035761.133.46$44,028
Jun 200988936666.163.90$60,242
May 200973438254.743.93$41,679
Apr 20091,05738046.773.59$50,799
Mar 20091,04141342.144.06$45,544
Feb 200992140532.814.63$32,094
Jan 200991333335.865.37$34,529
Dec 200891832437.105.98$35,994
Nov 200853935855.496.86$32,365
Oct 200887050575.246.92$68,954
Sep 2008698499101.767.88$74,959
Aug 20081,084616114.228.48$129,040
Jul 2008869574131.0811.39$120,446
Jun 20081,053560131.3313.03$145,589
May 20081,071577123.1711.57$138,593
Apr 2008879430110.3110.45$101,458
Mar 20081,102482101.909.66$116,952
Feb 20081,06641092.538.77$102,233
Jan 20081,09937290.388.21$102,380
Dec 200789040288.337.30$81,549
Nov 20071,26040091.677.29$118,421
Oct 20071,09542982.856.92$93,690
Sep 20071,07233975.846.24$83,417
Aug 200788830069.066.39$63,242
Jul 20071,07635970.906.39$78,582
Jun 20071,07330862.007.55$68,851
May 20071,26037958.747.85$76,986
Apr 20071,27322359.617.81$77,624
Mar 20071,06531556.927.30$62,920
Feb 200771024755.108.22$41,150
Jan 20071,45344750.306.73$76,093
Dec 200690530356.656.92$53,365
Nov 20061,26644954.207.62$72,037
Oct 20061,07849754.906.01$62,171
Sep 200618016260.085.04$11,630
Aug 20061,12048668.717.34$80,522
Jul 20061,19579469.376.34$87,933
Jun 20061,06369866.286.38$74,912
May 20061,43956666.016.42$98,625
Apr 20061,02945764.397.36$69,621
Mar 200690248556.707.08$54,579
Feb 20061,03738757.597.75$62,721
Jan 20061,24649160.598.93$79,881
Dec 20051,22840454.9413.42$72,886
Nov 20051,22141254.6910.59$71,139
Oct 20051,24547758.3413.80$79,214
Sep 20051,06248861.4512.08$71,154
Aug 20051,05548861.519.80$69,674
Jul 20051,36851255.697.84$80,200
Jun 20051,03248652.337.38$57,592
May 20051,41846845.226.65$67,235
Apr 20051,05849049.207.36$55,660
Mar 20051,2321,13450.377.15$70,169
Feb 20051,01840845.226.31$48,609
Jan 20051,04147243.166.32$47,914
Dec 200489554239.866.75$39,334
Nov 20041,05452345.286.33$51,036
Oct 20041,28153549.706.52$67,151
Sep 20041,29356943.245.28$58,916
Aug 20041,62146442.375.55$71,257
Jul 20041,42957338.286.08$58,188
Jun 20041,63741636.106.43$61,772
May 200491040137.486.49$36,711
Apr 20041,62443834.475.86$58,545
Mar 200487240834.365.53$32,218
Feb 200489635832.455.51$31,048
Jan 200492740132.036.30$32,218
Dec 20031,08846730.266.30$35,866
Nov 200389137328.804.60$27,375
Oct 20031,11036328.174.76$32,996
Sep 200391137326.314.75$25,740
Aug 20031,05738229.765.13$33,416
Jul 200372733329.415.17$23,103
Jun 20031,05540328.565.98$32,542
May 200386332626.595.97$24,894
Apr 20031,09027026.675.41$30,530
Mar 200391918831.146.10$29,764
Feb 200388534533.487.93$32,364
Jan 20031,10225630.315.58$34,831
Dec 200290836626.914.85$26,211
Nov 200289941324.664.14$23,878
Oct 20021,07235426.464.23$29,862
Sep 200292324927.443.64$26,232
Aug 200290437325.963.16$24,648
Jul 200287543824.583.06$22,849
Jun 20021,11238723.733.34$27,680
May 20021,03035624.663.58$26,676
Apr 20021,09043823.653.51$27,317
Mar 20021,26551422.003.10$29,425
Feb 20021,09937218.222.38$20,908
Jan 20021,25348417.172.38$22,664
Dec 20011,04347716.932.36$18,786
Nov 200189748018.072.41$17,363
Oct 200190046119.782.53$18,968
Sep 20011,06448924.262.25$26,914
Aug 200190556524.873.05$24,232
Jul 20011,06945223.933.20$27,026
Jun 20011,25144824.563.82$32,438
May 20011,08950825.524.31$29,979
Apr 200191640024.685.34$24,741
Mar 20011,41843724.545.38$37,147
Feb 200193847927.755.77$28,792
Jan 20011,13341827.478.40$34,634
Dec 200092842026.889.12$28,776
Nov 20001,11459332.215.66$39,237
Oct 20001,13948331.235.15$38,056
Sep 20001,30966431.875.19$45,162
Aug 20001,13363329.644.54$36,456
Jul 20001,49245428.534.09$44,424
Jun 20001,13250729.304.40$35,397
May 20001,14738627.263.68$32,688
Apr 20001,51547024.513.12$38,597
Mar 200095140728.422.86$28,191
Feb 20001,14041027.622.73$32,605
Jan 20001,14240325.272.48$29,858
Dec 19991,15436824.282.42$28,911
Nov 199995546123.192.43$23,269
Oct 19991,17738120.982.80$25,762
Sep 19991,18929721.752.62$26,639
Aug 19991,14363319.262.88$23,834
Jul 19991,13741417.892.37$21,323
Jun 199994152415.942.36$16,237
May 19991,49954115.792.32$24,925
Apr 199991650715.102.21$14,951
Mar 19991,32266212.471.84$17,702
Feb 19991,0705589.981.82$11,693
Jan 19991,30451410.381.90$14,512
Dec 19981,3266029.201.77$13,267
Nov 19981,31167310.892.19$15,748
Oct 19981,41053212.421.97$18,560
Sep 19981,30458112.592.08$17,627
Aug 19981,11432611.301.91$13,210
Jul 19981,32447311.742.24$16,602
Jun 19981,105111.242.24$12,422
May 19981,5241,41312.622.21$22,350
Apr 19981,3231,45713.042.51$20,902
Mar 19981,49193312.802.31$21,240
Feb 19981,47360713.952.30$21,944
Jan 19981,62464214.702.15$25,256
Dec 19971,68871416.322.41$29,270
Nov 19971,4931,08918.193.09$30,521
Oct 19971,6021,00319.253.15$33,998
Sep 19971,6011,17517.742.95$31,874
Aug 19971,48195617.862.55$28,893
Jul 19971,43054717.582.25$26,368
Jun 19971,43146217.242.26$25,713
May 19971,43038918.972.31$28,025
Apr 19971,23447517.882.08$23,053
Mar 199788243318.951.94$17,554
Feb 19971,08335420.492.21$22,972
Jan 19971,42748323.483.54$35,216
Dec 19961,09650923.32$25,559
Nov 19961,27450021.97$27,990
Oct 19961,06152623.31$24,732
Sep 19961,23261722.22$27,375
Aug 19961,06358620.26$21,536
Jul 19961,41177619.55$27,585
Jun 19961,33663918.73$25,023
May 19961,57284819.43$30,544
Apr 19961,62474921.51$34,932
Mar 19961,61077819.38$31,202
Feb 19961,61275716.98$27,372
Jan 19961,62979417.07$27,807
Dec 19951,62479317.19$27,917
Nov 19951,43383516.00$22,928
Oct 19951,77691015.43$27,404
Sep 19951,59182716.18$25,742
Aug 19951,59376115.92$25,361
Jul 19951,78374015.24$27,173
Jun 19951,39672816.41$22,908
May 19951,40378017.56$24,637
Apr 19951,53870317.73$27,269
Mar 19951,55670516.44$25,581
Feb 19951,44563816.58$23,958
Jan 19951,59762615.92$25,424
Dec 19941,58772015.03$23,853
Nov 19941,76070315.90$27,984
Oct 19941,18256715.58$18,416
Sep 19941,71084815.29$26,146
Aug 19941,60382916.13$25,856
Jul 19941,59585517.56$28,008
Jun 19941,74984017.09$29,890
May 19941,77584915.88$28,187
Apr 19941,76081214.14$24,886
Mar 19941,75072712.46$21,805
Feb 19941,50781312.50$18,838
Jan 19941,78681712.66$22,611
Dec 19931,69082812.33$20,838
Nov 19931,78887414.49$25,908
Oct 19931,82682315.85$28,942
Sep 19931,87079815.03$28,106
Aug 19931,81875815.66$28,470
Jul 19931,88075215.46$29,065
Jun 19931,56387116.79$26,243
May 19931,58562917.68$28,023
Apr 19931,52763218.05$27,562
Mar 19931,52857918.14$27,718
Feb 19931,42560317.90$25,508
Jan 19931,56952916.93$26,563

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                  841 bbl  × $106.41 =    $89,491
Casinghead gas         0 Mcf  × $  3.05 =         $0

────────────────────────────────────────────────────
Month total                                  $89,491

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/6854 is the state's own key, not one this site invented.