NEAL, M. A.

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 6987District 6EField 27302001OilCasinghead gasSaveExport
Value, all time
$13.7 M
Jan 1993 – May 2026
Value, last 12 filed months
$434 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
OilDisposition385,785 bbl$13,419,255
Casinghead gasProduction120,489 Mcf$289,017
Total$13,708,272

54,960 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 20264240106.413.05$45,118
Apr 2026462098.932.87$45,706
Mar 2026499089.753.15$44,785
Feb 2026438063.503.75$27,813
Jan 2026425059.138.00$25,130
Dec 2025580056.664.41$32,863
Nov 2025549058.593.93$32,166
Oct 2025564059.383.30$33,490
Sep 2025572062.743.08$35,887
Aug 2025586063.933.01$37,463
Jul 2025544366.743.32$36,317
Jun 2025555466.483.13$36,909
May 2025602160.553.23$36,454
Apr 2025582762.363.54$36,318
Mar 2025564067.704.27$38,183
Feb 2025522270.884.34$37,008
Jan 20256044774.324.28$45,090
Dec 20246092568.993.12$42,093
Nov 2024594069.052.20$41,016
Oct 2024578071.372.28$41,252
Sep 2024539069.612.36$37,520
Aug 2024629075.632.06$47,571
Jul 2024644079.932.15$51,475
Jun 2024445078.082.63$34,746
May 2024593078.812.20$46,734
Apr 2024468084.451.66$39,523
Mar 2024512080.301.55$41,114
Feb 2024307076.091.78$23,360
Jan 2024346073.023.30$25,265
Dec 2023398071.262.61$28,361
Nov 2023383077.892.81$29,832
Oct 2023396085.443.09$33,834
Sep 2023388089.042.74$34,548
Aug 2023449080.522.67$36,153
Jul 2023351074.852.64$26,272
Jun 2023366068.962.26$25,239
May 2023415070.622.23$29,307
Apr 2023398078.122.24$31,092
Mar 2023408072.852.39$29,723
Feb 2023382075.112.47$28,692
Jan 2023441076.533.39$33,750
Dec 2022360076.415.73$27,508
Nov 2022362085.005.65$30,770
Oct 2022279087.185.86$24,323
Sep 2022358084.888.16$30,387
Aug 2022400094.529.13$37,808
Jul 20223940101.587.54$40,023
Jun 20223180115.097.98$36,599
May 20222940109.378.43$32,155
Apr 20222620104.226.84$27,306
Mar 20222640108.885.08$28,744
Feb 2022236091.054.86$21,488
Jan 2022284081.844.54$23,243
Dec 2021343071.323.90$24,463
Nov 2021330077.435.24$25,552
Oct 2021320079.795.71$25,533
Sep 2021354069.865.35$24,730
Aug 2021339066.024.22$22,381
Jul 2021330070.783.98$23,357
Jun 2021226069.493.38$15,705
May 2021232063.483.02$14,727
Apr 2021212060.362.76$12,796
Mar 2021227061.302.72$13,915
Feb 2021161057.805.55$9,306
Jan 2021156050.412.81$7,864
Dec 2020203044.642.68$9,062
Nov 2020155038.772.71$6,009
Oct 2020187036.972.48$6,913
Sep 2020206037.091.99$7,641
Aug 2020208039.982.39$8,316
Jul 2020188038.371.83$7,214
Jun 20202151134.901.69$7,522
May 2020260016.921.81$4,399
Apr 2020246014.751.80$3,629
Mar 2020241030.341.86$7,312
Feb 2020272049.881.98$13,567
Jan 2020316057.252.09$18,091
Dec 2019314059.012.30$18,529
Nov 2019277055.302.75$15,318
Oct 20192791853.472.42$14,962
Sep 2019277055.052.66$15,249
Aug 2019248053.112.30$13,171
Jul 2019265056.272.46$14,912
Jun 2019234052.782.49$12,351
May 2019219058.482.74$12,807
Apr 2019346062.632.75$21,670
Mar 2019389056.803.06$22,095
Feb 2019344050.852.79$17,492
Jan 2019402546.033.23$18,520
Dec 2018407046.594.19$18,962
Nov 2018432052.934.24$22,866
Oct 2018406061.443.40$24,945
Sep 2018409059.543.11$24,352
Aug 2018282059.403.07$16,751
Jul 2018274065.142.93$17,848
Jun 2018238060.183.08$14,323
May 2018272065.382.90$17,783
Apr 2018242063.842.90$15,449
Mar 2018239061.222.79$14,632
Feb 2018210061.782.77$12,974
Jan 2018266062.874.01$16,723
Dec 2017276057.272.92$15,807
Nov 2017236055.423.12$13,079
Oct 2017243649.292.98$11,995
Sep 2017270047.523.09$12,830
Aug 20172837245.373.00$13,056
Jul 201730911643.873.09$13,914
Jun 20173219842.493.09$13,942
May 20173897245.373.26$17,884
Apr 20173466847.933.21$16,802
Mar 20174185946.772.98$19,726
Feb 20174484250.452.95$22,726
Jan 20171344149.413.42$6,761
Dec 20161225148.763.72$6,139
Nov 20161037742.492.64$4,580
Oct 20161199046.193.09$5,775
Sep 20169612241.553.10$4,367
Aug 20166111041.442.92$2,850
Jul 201610514341.622.92$4,788
Jun 201613412845.352.69$6,421
May 201611412042.521.99$5,086
Apr 20169612036.561.99$3,749
Mar 2016936633.011.79$3,188
Feb 20161397226.472.06$3,828
Jan 20161472227.352.36$4,072
Dec 20151886232.362.00$6,208
Nov 20152083838.792.17$8,151
Oct 201525811843.552.43$11,522
Sep 20152808342.992.76$12,266
Aug 2015253040.162.87$10,160
Jul 20152763548.152.95$13,392
Jun 20152523756.152.88$14,256
May 2015272055.212.96$15,017
Apr 20152556749.822.71$12,885
Mar 20152514442.892.93$10,895
Feb 20152447044.662.98$11,105
Jan 20153248743.433.10$14,341
Dec 20143087554.693.59$17,114
Nov 20142758670.464.25$19,742
Oct 20142818178.303.90$22,318
Sep 20142996486.164.05$26,021
Aug 201429510589.394.04$26,794
Jul 201430412796.564.18$29,885
Jun 201430413198.164.74$30,461
May 201431413194.734.73$30,364
Apr 201432711995.944.81$31,945
Mar 201434014295.895.06$33,321
Feb 201433513297.406.19$33,446
Jan 201437212090.404.86$34,212
Dec 201336912191.824.35$34,408
Nov 201334013588.853.74$30,714
Oct 20133929197.423.78$38,533
Sep 2013391310104.113.72$41,860
Aug 2013442110104.253.52$46,466
Jul 201341686102.523.72$42,968
Jun 201341914694.403.93$40,128
May 20134528694.834.15$43,220
Apr 20134778193.964.28$45,166
Mar 20135519793.623.91$51,964
Feb 20135169591.233.42$47,400
Jan 201332612791.603.42$30,296
Dec 201228416086.773.42$25,190
Nov 201234514786.953.62$30,531
Oct 201236214189.383.40$32,835
Sep 201234313494.672.92$32,863
Aug 201233815892.662.91$31,779
Jul 201241411485.133.02$35,588
Jun 201240615279.822.52$32,790
May 201244317591.612.49$41,019
Apr 2012375163101.652.00$38,444
Mar 2012389123105.052.22$41,138
Feb 201236665101.102.57$37,170
Jan 20123808598.092.73$37,507
Dec 20113629396.873.24$35,368
Nov 20113848995.723.31$37,051
Oct 201136711684.983.65$31,611
Sep 201132112583.623.99$27,340
Aug 201135214783.404.15$29,967
Jul 201136213194.144.52$34,670
Jun 201135112792.904.64$33,197
May 201137112998.134.40$36,974
Apr 2011378106105.964.33$40,512
Mar 20113972796.364.06$38,364
Feb 2011345085.644.18$29,546
Jan 2011412086.504.59$35,638
Dec 20104376485.734.35$37,742
Nov 2010393080.843.80$31,770
Oct 20104274278.103.51$33,496
Sep 20103993572.633.98$29,119
Aug 2010381073.684.42$28,072
Jul 20104085072.554.74$29,837
Jun 20104614970.364.91$32,677
May 20106334671.124.24$45,214
Apr 20104973281.694.12$40,732
Mar 20105454978.394.39$42,938
Feb 2010499073.585.44$36,716
Jan 2010730074.365.96$54,283
Dec 20096573071.445.48$47,101
Nov 2009729074.593.75$54,376
Oct 2009763072.544.11$55,348
Sep 2009290265.543.06$19,013
Aug 2009804067.423.22$54,206
Jul 20098801161.133.46$53,833
Jun 200990236866.163.90$61,110
May 200981731654.743.93$45,963
Apr 20091,17440946.773.59$56,375
Mar 20091,00934742.144.06$43,928
Feb 20091,52831732.814.63$51,602
Jan 20092,09231835.865.37$76,727
Dec 200896233437.105.98$37,687
Nov 200893030055.496.86$53,664
Oct 200885537775.246.92$66,940
Sep 2008470325101.767.88$50,387
Aug 2008492325114.228.48$58,953
Jul 2008730300131.0811.39$99,105
Jun 2008576274131.3313.03$79,217
May 2008591159123.1711.57$74,634
Apr 2008510265110.3110.45$59,029
Mar 2008452362101.909.66$49,557
Feb 200847844292.538.77$48,106
Jan 200872941590.388.21$69,292
Dec 200779054688.337.30$73,768
Nov 200769735291.677.29$66,461
Oct 200747933682.856.92$42,011
Sep 200757447175.846.24$46,473
Aug 200753535869.066.39$39,234
Jul 200772911470.906.39$52,414
Jun 2007665062.007.55$41,230
May 200779940958.747.85$50,142
Apr 200777433659.617.81$48,761
Mar 200777437756.927.30$46,809
Feb 200766616455.108.22$38,044
Jan 200756115750.306.73$29,274
Dec 200668315756.656.92$39,778
Nov 200670511954.207.62$39,117
Oct 200684419654.906.01$47,514
Sep 200673416760.085.04$44,940
Aug 200669812768.717.34$48,892
Jul 200697521369.376.34$68,987
Jun 200694317966.286.38$63,645
May 20061,14716466.016.42$76,767
Apr 200684917564.397.36$55,955
Mar 200689317256.707.08$51,851
Feb 200679428057.597.75$47,897
Jan 20061,05448060.598.93$68,150
Dec 20051,03047854.9413.42$63,001
Nov 200594226154.6910.59$54,282
Oct 20051,06038658.3413.80$67,166
Sep 200598532661.4512.08$64,466
Aug 200595231961.519.80$61,683
Jul 200581230655.697.84$47,620
Jun 20051,14447952.337.38$63,401
May 20051,04446345.226.65$50,289
Apr 20051,07540749.207.36$55,886
Mar 20051,13936150.377.15$59,954
Feb 20051,05214845.226.31$48,506
Jan 20051,29537243.166.32$58,244
Dec 20041,22733939.866.75$51,197
Nov 20041,10812545.286.33$50,962
Oct 20041,18715949.706.52$60,030
Sep 20041,15123643.245.28$51,016
Aug 20041,14227342.375.55$49,902
Jul 20041,16945138.286.08$47,493
Jun 200479737536.106.43$31,184
May 20041,34623137.486.49$51,948
Apr 20041,27869534.475.86$48,124
Mar 20041,06849334.365.53$39,423
Feb 200489235632.455.51$30,907
Jan 200491733032.036.30$31,450
Dec 20031,02445630.266.30$33,860
Nov 20031,12346928.804.60$34,498
Oct 20031,0557728.174.76$30,086
Sep 20031,08043826.314.75$30,495
Aug 20039367429.765.13$28,235
Jul 20031,0466829.415.17$31,114
Jun 20031,15210328.565.98$33,517
May 20031,18326626.595.97$33,045
Apr 20031,13821926.675.41$31,535
Mar 20031,1616631.146.10$36,556
Feb 20031,0938233.487.93$37,244
Jan 20031,0537830.315.58$32,352
Dec 20021,0945526.914.85$29,707
Nov 20021,1148524.664.14$27,823
Oct 20021,1754726.464.23$31,289
Sep 20021,1468627.443.64$31,759
Aug 20021,10814425.963.16$29,219
Jul 20021,05116524.583.06$26,339
Jun 20021,33114923.733.34$32,082
May 20021,02720224.663.58$26,050
Apr 20021,0498023.653.51$25,090
Mar 20021,08113922.003.10$24,213
Feb 20021,08212218.222.38$20,004
Jan 20021,0098417.172.38$17,524
Dec 20011,18111016.932.36$20,254
Nov 20011,03510218.072.41$18,948
Oct 20011,32815319.782.53$26,655
Sep 20011,26212024.262.25$30,886
Aug 20011,30411424.873.05$32,779
Jul 20011,34689723.933.20$35,078
Jun 20011,27139524.563.82$32,726
May 20011,15450725.524.31$31,634
Apr 20011,39810424.685.34$35,058
Mar 20011,53812524.545.38$38,415
Feb 20011,4101,37927.755.77$47,080
Jan 20011,47420427.478.40$42,204
Dec 200073215826.889.12$21,118
Nov 20001,44719032.215.66$47,683
Oct 20001,53723631.235.15$49,215
Sep 20001,37426631.875.19$45,169
Aug 20001,30625629.644.54$39,872
Jul 20001,40427628.534.09$41,185
Jun 20001,37425629.304.40$41,384
May 20001,44127627.263.68$40,297
Apr 20001,37339224.513.12$34,874
Mar 20001,38046228.422.86$40,541
Feb 20001,24147927.622.73$35,582
Jan 20001,36569325.272.48$36,213
Dec 19991,30480424.282.42$33,610
Nov 19991,26859423.192.43$30,851
Oct 19991,42341320.982.80$31,012
Sep 19991,49031021.752.62$33,219
Aug 19991,42732819.262.88$28,427
Jul 19991,43426817.892.37$26,290
Jun 19991,39732715.942.36$23,041
May 19991,43025915.792.32$23,181
Apr 19991,24624215.102.21$19,349
Mar 19991,26022312.471.84$16,122
Feb 19991,2202409.981.82$12,612
Jan 19991,69033110.381.90$18,171
Dec 19981,6653829.201.77$15,995
Nov 19981,75281310.892.19$20,856
Oct 19981,83489412.421.97$24,539
Sep 19981,55069912.592.08$20,970
Aug 19981,75349511.301.91$20,753
Jul 19981,9926,15611.742.24$37,159
Jun 19981,78790111.242.24$22,102
May 19982,1851,18912.622.21$30,198
Apr 19981,55880013.042.51$22,321
Mar 19982,07339812.802.31$27,454
Feb 19981,60825813.952.30$23,025
Jan 19981,65330314.702.15$24,952
Dec 19971,77336516.322.41$29,815
Nov 19971,68738818.193.09$31,885
Oct 19971,76036719.253.15$35,036
Sep 19971,64857017.742.95$30,920
Aug 19971,83057017.862.55$34,140
Jul 19971,91457617.582.25$34,942
Jun 19971,67773617.242.26$30,573
May 19971,78288418.972.31$35,845
Apr 19972,01163817.882.08$37,285
Mar 19972,04973818.951.94$40,260
Feb 19971,93370120.492.21$41,154
Jan 19971,87672023.483.54$46,597
Dec 19961,98047723.32$46,174
Nov 19962,10728921.97$46,291
Oct 19962,11533623.31$49,301
Sep 19962,06434722.22$45,862
Aug 19961,95056020.26$39,507
Jul 19961,89749619.55$37,086
Jun 19962,23158318.73$41,787
May 19962,17161219.43$42,183
Apr 19961,96345821.51$42,224
Mar 19962,55969519.38$49,593
Feb 19962,22055716.98$37,696
Jan 19962,36454417.07$40,353
Dec 19952,26448017.19$38,918
Nov 19952,21549216.00$35,440
Oct 19952,56598315.43$39,578
Sep 19952,6891,01216.18$43,508
Aug 19952,31789315.92$36,887
Jul 19952,7011,37215.24$41,163
Jun 19952,8701,29516.41$47,097
May 19953,0051,20817.56$52,768
Apr 19952,34962717.73$41,648
Mar 19952,56680216.44$42,185
Feb 19951,73650916.58$28,783
Jan 19951,89864815.92$30,216
Dec 19941,93676715.03$29,098
Nov 19942,00088215.90$31,800
Oct 19942,23789415.58$34,852
Sep 19942,17394215.29$33,225
Aug 19942,6491,33616.13$42,728
Jul 19943,3281,77717.56$58,440
Jun 19943,2841,64417.09$56,124
May 19943,2861,63915.88$52,182
Apr 19944,6112,09414.14$65,200
Mar 19944,2591,68012.46$53,067
Feb 19943,4551,29012.50$43,188
Jan 19944,0861,49412.66$51,729
Dec 19933,9001,49212.33$48,087
Nov 19933,6201,49414.49$52,454
Oct 19933,6361,68615.85$57,631
Sep 19933,8691,83515.03$58,151
Aug 19933,6362,02915.66$56,940
Jul 19933,5522,09915.46$54,914
Jun 19933,0311,54216.79$50,890
May 19933,4831,83017.68$61,579
Apr 19933,6982,23218.05$66,749
Mar 19933,8322,20618.14$69,512
Feb 19933,5401,81017.90$63,366
Jan 19933,6841,99116.93$62,370

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                  424 bbl  × $106.41 =    $45,118
Casinghead gas         0 Mcf  × $  3.05 =         $0

────────────────────────────────────────────────────
Month total                                  $45,118

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/6987 is the state's own key, not one this site invented.