REID, V. E.

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 7001District 6EField 27302001OilCasinghead gasSaveExport
Value, all time
$8.0 M
Jan 1993 – May 2026
Value, last 12 filed months
$372 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
OilDisposition176,929 bbl$7,789,807
Casinghead gasProduction50,990 Mcf$200,700
Total$7,990,507

14,957 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 20264200106.413.05$44,692
Apr 2026388098.932.87$38,385
Mar 2026424189.753.15$38,057
Feb 20264171263.503.75$26,525
Jan 2026404059.138.00$23,889
Dec 2025429056.664.41$24,307
Nov 2025446058.593.93$26,131
Oct 2025461059.383.30$27,374
Sep 2025463062.743.08$29,049
Aug 2025484663.933.01$30,960
Jul 20254793366.743.32$32,078
Jun 20254589566.483.13$30,745
May 202544315860.553.23$27,334
Apr 202546615762.363.54$29,616
Mar 202547014467.704.27$32,434
Feb 2025415070.884.34$29,415
Jan 2025489074.324.28$36,342
Dec 2024487068.993.12$33,598
Nov 2024498169.052.20$34,389
Oct 2024476071.372.28$33,972
Sep 2024482069.612.36$33,552
Aug 2024478075.632.06$36,151
Jul 2024451079.932.15$36,048
Jun 2024348078.082.63$27,172
May 2024422178.812.20$33,260
Apr 2024485084.451.66$40,958
Mar 2024506280.301.55$40,635
Feb 2024426076.091.78$32,414
Jan 2024444073.023.30$32,421
Dec 2023489371.262.61$34,854
Nov 20234553377.892.81$35,533
Oct 20235473385.443.09$46,838
Sep 20235363389.042.74$47,816
Aug 20235114480.522.67$41,263
Jul 202345012474.852.64$34,010
Jun 20233607068.962.26$24,984
May 20234431470.622.23$31,316
Apr 20234323778.122.24$33,831
Mar 2023418772.852.39$30,468
Feb 2023338075.112.47$25,387
Jan 2023383376.533.39$29,321
Dec 20224075876.415.73$31,431
Nov 20224355485.005.65$37,280
Oct 2022421487.185.86$36,726
Sep 2022423884.888.16$35,970
Aug 2022456094.529.13$43,101
Jul 20223708101.587.54$37,645
Jun 202235015115.097.98$40,401
May 20224380109.378.43$47,904
Apr 20224002104.226.84$41,702
Mar 20224770108.885.08$51,936
Feb 2022426291.054.86$38,797
Jan 2022475481.844.54$38,892
Dec 2021438071.323.90$31,238
Nov 2021428377.435.24$33,156
Oct 20214472379.795.71$35,798
Sep 20214843569.865.35$34,000
Aug 20214784466.024.22$31,743
Jul 20215542470.783.98$39,308
Jun 2021439069.493.38$30,506
May 2021433063.483.02$27,487
Apr 2021456060.362.76$27,524
Mar 2021484061.302.72$29,669
Feb 2021372257.805.55$21,513
Jan 2021417050.412.81$21,021
Dec 2020536044.642.68$23,927
Nov 2020458038.772.71$17,757
Oct 2020473036.972.48$17,487
Sep 2020425037.091.99$15,763
Aug 2020473039.982.39$18,911
Jul 2020461038.371.83$17,689
Jun 2020467034.901.69$16,298
May 2020493316.921.81$8,347
Apr 20204841414.751.80$7,164
Mar 2020476130.341.86$14,444
Feb 20204631149.881.98$23,116
Jan 2020477557.252.09$27,319
Dec 20194252459.012.30$25,135
Nov 20194471055.302.75$24,747
Oct 20194511853.472.42$24,159
Sep 20193612355.052.66$19,934
Aug 20193553153.112.30$18,925
Jul 2019375156.272.46$21,104
Jun 2019347052.782.49$18,315
May 2019315058.482.74$18,421
Apr 20193301062.632.75$20,695
Mar 2019428556.803.06$24,326
Feb 2019325250.852.79$16,532
Jan 20193491046.033.23$16,097
Dec 20183961746.594.19$18,521
Nov 20184014552.934.24$21,416
Oct 20183463561.443.40$21,377
Sep 20183053559.543.11$18,268
Aug 20182543359.403.07$15,189
Jul 20183385465.142.93$22,176
Jun 20182653860.183.08$16,065
May 2018314065.382.90$20,529
Apr 20183462263.842.90$22,152
Mar 20183023161.222.79$18,575
Feb 2018337861.782.77$20,842
Jan 2018437262.874.01$27,482
Dec 20173906257.272.92$22,516
Nov 20173656055.423.12$20,415
Oct 20173793149.292.98$18,773
Sep 20174289947.523.09$20,644
Aug 20173653345.373.00$16,659
Jul 20173604643.873.09$15,935
Jun 20173704342.493.09$15,854
May 20173963745.373.26$18,087
Apr 20173293947.933.21$15,894
Mar 20173374046.772.98$15,881
Feb 20173973450.452.95$20,129
Jan 20174023149.413.42$19,969
Dec 20163023448.763.72$14,852
Nov 20164263942.492.64$18,204
Oct 20164906346.193.09$22,828
Sep 20163506441.553.10$14,741
Aug 20163745241.442.92$15,651
Jul 20163685441.622.92$15,474
Jun 20162866645.352.69$13,147
May 20164356742.521.99$18,630
Apr 20163276736.561.99$12,089
Mar 20163574733.011.79$11,869
Feb 20163674326.472.06$9,803
Jan 201636351727.352.36$11,150
Dec 20154525932.362.00$14,745
Nov 20154095938.792.17$15,993
Oct 20153947343.552.43$17,336
Sep 20153638242.992.76$15,832
Aug 20153969940.162.87$16,188
Jul 201541810748.152.95$20,442
Jun 20154317956.152.88$24,428
May 201541910355.212.96$23,437
Apr 20154059149.822.71$20,423
Mar 20153586142.892.93$15,534
Feb 20153238644.662.98$14,681
Jan 201538212543.433.10$16,978
Dec 201436810454.693.59$20,499
Nov 201440911370.464.25$29,299
Oct 201443514078.303.90$34,607
Sep 201450815386.164.05$44,388
Aug 201466318389.394.04$60,004
Jul 201439713196.564.18$38,882
Jun 201441110098.164.74$40,817
May 201446515194.734.73$44,763
Apr 201431911795.944.81$31,168
Mar 201417411095.895.06$17,241
Feb 20141673397.406.19$16,470
Jan 20141946390.404.86$17,844
Dec 20132307191.824.35$21,428
Nov 20131425488.853.74$12,819
Oct 20131327897.423.78$13,154
Sep 2013126136104.113.72$13,623
Aug 2013130131104.253.52$14,014
Jul 201310676102.523.72$11,150
Jun 20131334294.403.93$12,720
May 20132042394.834.15$19,441
Apr 2013124093.964.28$11,651
Mar 2013145093.623.91$13,575
Feb 2013123191.233.42$11,225
Jan 2013137091.603.42$12,549
Dec 2012139286.773.42$12,068
Nov 2012155086.953.62$13,477
Oct 20121541589.383.40$13,816
Sep 20121469094.672.92$14,084
Aug 20121548392.662.91$14,511
Jul 2012638685.133.02$5,623
Jun 20121708679.822.52$13,786
May 201217112291.612.49$15,969
Apr 201216758101.652.00$17,091
Mar 201221878105.052.22$23,074
Feb 201221061101.102.57$21,388
Jan 20122206798.092.73$21,763
Dec 20113046596.873.24$29,659
Nov 20113125795.723.31$30,053
Oct 20113132284.983.65$26,679
Sep 20112901283.623.99$24,298
Aug 20111252083.404.15$10,508
Jul 2011123994.144.52$11,620
Jun 2011110492.904.64$10,238
May 20111534298.134.40$15,199
Apr 201116859105.964.33$18,057
Mar 20111856496.364.06$18,086
Feb 20111911485.644.18$16,416
Jan 20112301186.504.59$19,945
Dec 20102262785.734.35$19,492
Nov 2010227580.843.80$18,370
Oct 2010244078.103.51$19,056
Sep 20102473972.633.98$18,095
Aug 20102553973.684.42$18,961
Jul 201036611472.554.74$27,093
Jun 201025725870.364.91$19,349
May 201032232771.124.24$24,286
Apr 201032235581.694.12$27,768
Mar 201028822278.394.39$23,551
Feb 201027718273.585.44$21,372
Jan 201028417574.365.96$22,162
Dec 200928315871.445.48$21,084
Nov 200927519274.593.75$21,233
Oct 200928522672.544.11$21,603
Sep 200930036465.543.06$20,778
Aug 200933363467.423.22$24,491
Jul 200935416961.133.46$22,226
Jun 200936243766.163.90$25,652
May 200939957054.743.93$24,079
Apr 200937154846.773.59$19,318
Mar 200941646142.144.06$19,401
Feb 200947538032.814.63$17,345
Jan 200945652735.865.37$19,183
Dec 200845528437.105.98$18,578
Nov 200845748655.496.86$28,693
Oct 200848738075.246.92$39,272
Sep 2008455628101.767.88$51,248
Aug 2008498502114.228.48$61,140
Jul 2008527400131.0811.39$73,635
Jun 2008446585131.3313.03$66,197
May 2008360519123.1711.57$50,348
Apr 2008534542110.3110.45$64,572
Mar 2008496539101.909.66$55,751
Feb 200844624692.538.77$43,426
Jan 200852353090.388.21$51,618
Dec 200747842988.337.30$45,354
Nov 200748252391.677.29$47,999
Oct 20079029782.856.92$9,512
Sep 200727432975.846.24$22,834
Aug 200737634369.066.39$28,158
Jul 200742932570.906.39$32,492
Jun 200724431962.007.55$17,536
May 200728645558.747.85$20,370
Apr 200727834559.617.81$19,264
Mar 200727719756.927.30$17,205
Feb 20073499255.108.22$19,986
Jan 20072236050.306.73$11,621
Dec 20063207256.656.92$18,626
Nov 20061064154.207.62$6,058
Oct 20061784954.906.01$10,067
Sep 20063166160.085.04$19,293
Aug 20063395368.717.34$23,682
Jul 20061773069.376.34$12,469
Jun 20062023466.286.38$13,606
May 2006893966.016.42$6,125
Apr 200637764.397.36$2,434
Mar 20063880556.707.08$7,856
Feb 20061124457.597.75$6,791
Jan 20062818360.598.93$17,767
Dec 200526110854.9413.42$15,788
Nov 200514771854.6910.59$15,642
Oct 20051234658.3413.80$7,810
Sep 200511529661.4512.08$10,642
Aug 20054542261.519.80$6,902
Jul 2005486355.697.84$3,167
Jun 20052128352.337.38$11,707
May 20051757045.226.65$8,379
Apr 200528110049.207.36$14,561
Mar 200544915350.377.15$23,711
Feb 20051775245.226.31$8,332
Jan 20052477043.166.32$11,103
Dec 200441111039.866.75$17,125
Nov 200448621745.286.33$23,380
Oct 20043189649.706.52$16,430
Sep 20042807043.245.28$12,477
Aug 20042878242.375.55$12,615
Jul 20042979338.286.08$11,935
Jun 20041364636.106.43$5,206
May 200432910737.486.49$13,026
Apr 20045253534.475.86$18,302
Mar 200451015334.365.53$18,370
Feb 200444424332.455.51$15,747
Jan 200428010032.036.30$9,598
Dec 20031557030.266.30$5,131
Nov 20033107128.804.60$9,254
Oct 20034693628.174.76$13,383
Sep 200351821726.314.75$14,659
Aug 20035351,00429.765.13$21,072
Jul 200344021629.415.17$14,057
Jun 20034691628.565.98$13,490
May 200347444826.595.97$15,279
Apr 200356245426.675.41$17,443
Mar 20036013131.146.10$18,904
Feb 20034217733.487.93$14,705
Jan 200365413630.315.58$20,582
Dec 20026709426.914.85$18,486
Nov 20023886724.664.14$9,845
Oct 20026464826.464.23$17,296
Sep 20026544627.443.64$18,113
Aug 20022493425.963.16$6,572
Jul 20023334224.583.06$8,314
Jun 20022672923.733.34$6,433
May 20023404024.663.58$8,528
Apr 20022271623.653.51$5,425
Mar 20023504122.003.10$7,827
Feb 20023866718.222.38$7,192
Jan 20023597617.172.38$6,345
Dec 200134919216.932.36$6,363
Nov 20014909018.072.41$9,071
Oct 200161213819.782.53$12,454
Sep 20014973824.262.25$12,143
Aug 200153216524.873.05$13,735
Jul 200144621723.933.20$11,367
Jun 20015242724.563.82$12,973
May 20016065025.524.31$15,680
Apr 20012644024.685.34$6,729
Mar 20012845824.545.38$7,281
Feb 20015736627.755.77$16,281
Jan 20016455927.478.40$18,214
Dec 20002802226.889.12$7,727
Nov 20003205332.215.66$10,607
Oct 20004976031.235.15$15,830
Sep 20004117131.875.19$13,467
Aug 20005528929.644.54$16,765
Jul 200063810428.534.09$18,627
Jun 20005546929.304.40$16,536
May 20006166227.263.68$17,020
Apr 20006105624.513.12$15,126
Mar 20006344628.422.86$18,150
Feb 20005825827.622.73$16,233
Jan 200074810125.272.48$19,152
Dec 19997009024.282.42$17,214
Nov 19996837323.192.43$16,016
Oct 19997798420.982.80$16,579
Sep 19996817721.752.62$15,013
Aug 19996347919.262.88$12,438
Jul 19996516917.892.37$11,810
Jun 19996546215.942.36$10,571
May 19996126615.792.32$9,817
Apr 19995175115.102.21$7,919
Mar 19996365212.471.84$8,027
Feb 1999546439.981.82$5,527
Jan 19995165010.381.90$5,451
Dec 1998501509.201.77$4,698
Nov 19986465610.892.19$7,157
Oct 19987087812.421.97$8,947
Sep 19986826712.592.08$8,726
Aug 19987736511.301.91$8,859
Jul 19987868011.742.24$9,407
Jun 19985825111.242.24$6,656
May 19987367312.622.21$9,449
Apr 19986925813.042.51$9,169
Mar 19987205612.802.31$9,345
Feb 19984914313.952.30$6,948
Jan 19986674814.702.15$9,908
Dec 19974873216.322.41$8,025
Nov 19975205318.193.09$9,622
Oct 199761010419.253.15$12,070
Sep 19974279817.742.95$7,865
Aug 19975597617.862.55$10,178
Jul 19975275117.582.25$9,379
Jun 19974233717.242.26$7,376
May 19974043018.972.31$7,733
Apr 19974268017.882.08$7,784
Mar 19973441718.951.94$6,552
Feb 199738725020.492.21$8,481
Jan 199739714823.483.54$9,845
Dec 199640334123.32$9,398
Nov 199642547421.97$9,337
Oct 199654836023.31$12,774
Sep 199664734722.22$14,376
Aug 199663263820.26$12,804
Jul 199660545019.55$11,828
Jun 199662837918.73$11,762
May 199668031519.43$13,212
Apr 199653614921.51$11,529
Mar 199663448719.38$12,287
Feb 199659857016.98$10,154
Jan 199659647317.07$10,174
Dec 199567166217.19$11,534
Nov 199569469416.00$11,104
Oct 199579137315.43$12,205
Sep 199567468516.18$10,905
Aug 199569747215.92$11,096
Jul 19955779815.24$8,793
Jun 199561910016.41$10,158
May 199592823217.56$16,296
Apr 199563316317.73$11,223
Mar 199590521916.44$14,878
Feb 199575219416.58$12,468
Jan 199584125615.92$13,389
Dec 199478219915.03$11,753
Nov 199491728315.90$14,580
Oct 199489227415.58$13,897
Sep 199497426215.29$14,892
Aug 199499533616.13$16,049
Jul 19941,0097317.56$17,718
Jun 19941,0158317.09$17,346
May 19941,0088615.88$16,007
Apr 19941,06413414.14$15,045
Mar 19941,0947612.46$13,631
Feb 199469412312.50$8,675
Jan 19941,1587412.66$14,660
Dec 19931,1188812.33$13,785
Nov 19931,0024314.49$14,519
Oct 19931,00338215.85$15,898
Sep 19931,0113915.03$15,195
Aug 19939674215.66$15,143
Jul 199396942515.46$14,981
Jun 19931,03052016.79$17,294
May 19931,08743417.68$19,218
Apr 19931,04536918.05$18,862
Mar 19931,06650318.14$19,337
Feb 19931,03047717.90$18,437
Jan 199397850116.93$16,558

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                  420 bbl  × $106.41 =    $44,692
Casinghead gas         0 Mcf  × $  3.05 =         $0

────────────────────────────────────────────────────
Month total                                  $44,692

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/7001 is the state's own key, not one this site invented.