SNODDY-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 6907District 6EField 27302001OilCasinghead gasSaveExport
Value, all time
$3.1 M
Jan 1993 – Oct 2012
Value, last 12 filed months
$0
at the published price for each month
Months reported
238
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
OilDisposition175,057 bbl$3,042,233
Casinghead gasProduction46,304 Mcf$45,841
Total$3,088,074

30,787 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 (238)

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

238 months

Oct 20120089.383.40$0
Sep 20120094.672.92$0
Aug 20120092.662.91$0
Jul 20120085.133.02$0
Jun 20120079.822.52$0
May 20120091.612.49$0
Apr 201200101.652.00$0
Mar 201200105.052.22$0
Feb 201200101.102.57$0
Jan 20120098.092.73$0
Dec 20110096.873.24$0
Nov 20110095.723.31$0
Oct 20110084.983.65$0
Sep 20110083.623.99$0
Aug 20110083.404.15$0
Jul 20110094.144.52$0
Jun 20110092.904.64$0
May 20110098.134.40$0
Apr 201100105.964.33$0
Mar 2011172096.364.06$16,574
Feb 20110085.644.18$0
Jan 20110086.504.59$0
Dec 20100085.734.35$0
Nov 20100080.843.80$0
Oct 20100078.103.51$0
Sep 20100072.633.98$0
Aug 20100073.684.42$0
Jul 20100072.554.74$0
Jun 20100070.364.91$0
May 20100071.124.24$0
Apr 20100081.694.12$0
Mar 20100078.394.39$0
Feb 20100073.585.44$0
Jan 20100074.365.96$0
Dec 20090071.445.48$0
Nov 20090074.593.75$0
Oct 20090072.544.11$0
Sep 20090065.543.06$0
Aug 20090067.423.22$0
Jul 20090061.133.46$0
Jun 20090066.163.90$0
May 20090054.743.93$0
Apr 20090046.773.59$0
Mar 20090042.144.06$0
Feb 20090032.814.63$0
Jan 20090035.865.37$0
Dec 20080037.105.98$0
Nov 20080055.496.86$0
Oct 20080075.246.92$0
Sep 200800101.767.88$0
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 20070091.677.29$0
Oct 20070082.856.92$0
Sep 20070075.846.24$0
Aug 20070069.066.39$0
Jul 20070070.906.39$0
Jun 20070062.007.55$0
May 20070058.747.85$0
Apr 20070059.617.81$0
Mar 20070056.927.30$0
Feb 20070055.108.22$0
Jan 20070050.306.73$0
Dec 20060056.656.92$0
Nov 20060054.207.62$0
Oct 20060054.906.01$0
Sep 20060060.085.04$0
Aug 20060068.717.34$0
Jul 2006109069.376.34$7,561
Jun 20060066.286.38$0
May 20060066.016.42$0
Apr 20060064.397.36$0
Mar 20060056.707.08$0
Feb 20060057.597.75$0
Jan 2006132060.598.93$7,998
Dec 20050054.9413.42$0
Nov 20050054.6910.59$0
Oct 20050058.3413.80$0
Sep 20050061.4512.08$0
Aug 2005138061.519.80$8,488
Jul 20050055.697.84$0
Jun 20050052.337.38$0
May 20050045.226.65$0
Apr 20050049.207.36$0
Mar 20050050.377.15$0
Feb 2005151045.226.31$6,828
Jan 20050043.166.32$0
Dec 20040039.866.75$0
Nov 20040045.286.33$0
Oct 20040049.706.52$0
Sep 20040043.245.28$0
Aug 2004142042.375.55$6,017
Jul 20040038.286.08$0
Jun 20040036.106.43$0
May 20040037.486.49$0
Apr 20040034.475.86$0
Mar 20040034.365.53$0
Feb 2004151032.455.51$4,900
Jan 200401932.036.30$120
Dec 20030030.266.30$0
Nov 20030028.804.60$0
Oct 20030028.174.76$0
Sep 200395026.314.75$2,499
Aug 20030029.765.13$0
Jul 20030029.415.17$0
Jun 20030028.565.98$0
May 20030026.595.97$0
Apr 200386026.675.41$2,294
Mar 20030031.146.10$0
Feb 20030733.487.93$55
Jan 200301030.315.58$56
Dec 200202826.914.85$136
Nov 20021354124.664.14$3,499
Oct 200201026.464.23$42
Sep 200204227.443.64$153
Aug 2002118425.963.16$3,076
Jul 20020324.583.06$9
Jun 2002161023.733.34$3,821
May 20020224.663.58$7
Apr 20020023.653.51$0
Mar 2002227022.003.10$4,994
Feb 20020018.222.38$0
Jan 200203417.172.38$81
Dec 20011405316.932.36$2,496
Nov 20011851218.072.41$3,372
Oct 200101319.782.53$33
Sep 200108324.262.25$187
Aug 20011286424.873.05$3,379
Jul 20011384323.933.20$3,440
Jun 200105524.563.82$210
May 200103225.524.31$138
Apr 2001126824.685.34$3,152
Mar 2001873224.545.38$2,307
Feb 200104827.755.77$277
Jan 20011408727.478.40$4,576
Dec 20001375426.889.12$4,175
Nov 200007332.215.66$413
Oct 200010213931.235.15$3,901
Sep 20009754231.875.19$5,902
Aug 200010359929.644.54$5,773
Jul 20009447528.534.09$4,624
Jun 20008842529.304.40$4,447
May 200010047427.263.68$4,470
Apr 200010135624.513.12$3,585
Mar 200074628.422.86$2,120
Feb 20006516327.622.73$2,240
Jan 20007420625.272.48$2,381
Dec 199910220624.282.42$2,976
Nov 199912390823.192.43$5,062
Oct 199926770620.982.80$7,581
Sep 1999055221.752.62$1,446
Aug 199913922219.262.88$3,316
Jul 199917313917.892.37$3,425
Jun 199918122515.942.36$3,417
May 199918325415.792.32$3,479
Apr 199918324415.102.21$3,302
Mar 199918326512.471.84$2,769
Feb 19991821849.981.82$2,151
Jan 199935317810.381.90$4,002
Dec 19983881359.201.77$3,809
Nov 19983643610.892.19$4,043
Oct 19983637912.421.97$4,664
Sep 19985496012.592.08$7,037
Aug 199835910411.301.91$4,255
Jul 199871815511.742.24$8,776
Jun 199854211311.242.24$6,345
May 199889715412.622.21$11,660
Apr 199891818913.042.51$12,444
Mar 199891327812.802.31$12,328
Feb 19981,12025813.952.30$16,217
Jan 19981,28830614.702.15$19,593
Dec 19971,48241016.322.41$25,175
Nov 19971,29132718.193.09$24,493
Oct 19971,15334719.253.15$23,288
Sep 19971,27939717.742.95$23,863
Aug 19971,63243817.862.55$30,267
Jul 19971,43944117.582.25$26,289
Jun 19971,81256917.242.26$32,523
May 19971,63238518.972.31$31,848
Apr 19972,56239417.882.08$46,629
Mar 19972,43240818.951.94$46,878
Feb 19972,59039920.492.21$53,949
Jan 19972,98481023.483.54$72,931
Dec 19962,76150923.32$64,387
Nov 19962,91457821.97$64,021
Oct 19962,87868923.31$67,086
Sep 19962,87960222.22$63,971
Aug 19962,68465920.26$54,378
Jul 19963,02560219.55$59,139
Jun 19962,68853018.73$50,346
May 19962,85659419.43$55,492
Apr 19962,70653021.51$58,206
Mar 19962,89154519.38$56,028
Feb 19962,88955016.98$49,055
Jan 19962,91161217.07$49,691
Dec 19953,08462017.19$53,014
Nov 19952,70544816.00$43,280
Oct 19952,85869715.43$44,099
Sep 19952,91372516.18$47,132
Aug 19952,91168115.92$46,343
Jul 19952,92265515.24$44,531
Jun 19952,84671016.41$46,703
May 19952,90175217.56$50,942
Apr 19952,92179617.73$51,789
Mar 19952,93269316.44$48,202
Feb 19952,73156916.58$45,280
Jan 19952,64080415.92$42,029
Dec 19943,10790915.03$46,698
Nov 19942,91987115.90$46,412
Oct 19943,08378415.58$48,033
Sep 19942,90656215.29$44,433
Aug 19943,06949616.13$49,503
Jul 19943,07474617.56$53,979
Jun 19942,88766517.09$49,339
May 19943,01366215.88$47,846
Apr 19942,86860514.14$40,554
Mar 19942,83671112.46$35,337
Feb 19942,62057512.50$32,750
Jan 19942,87559512.66$36,398
Dec 19933,15075112.33$38,840
Nov 19932,59370614.49$37,573
Oct 19933,06985915.85$48,644
Sep 19932,83393015.03$42,580
Aug 19932,81661915.66$44,099
Jul 19933,10556015.46$48,003
Jun 19932,96647816.79$49,799
May 19933,08238617.68$54,490
Apr 19932,86334118.05$51,677
Mar 19933,12559718.14$56,688
Feb 19932,60451617.90$46,612
Jan 19932,57671316.93$43,612

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.

Mar 2011 — as filed, then multipliedworked
Oil                  172 bbl  × $ 96.36 =    $16,574
Casinghead gas         0 Mcf  × $  4.06 =         $0

────────────────────────────────────────────────────
Month total                                  $16,574

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/6907 is the state's own key, not one this site invented.