TURNER, VIRGINIA -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 7038District 6EField 27302001OilCasinghead gasSaveExport
Value, all time
$9.2 M
Jan 1993 – May 2026
Value, last 12 filed months
$219 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
OilDisposition183,702 bbl$8,495,358
Casinghead gasProduction185,865 Mcf$737,779
Total$9,233,137

4,306 Mcf of this lease's gas, across 47 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 20261720106.413.05$18,303
Apr 202634859398.932.87$36,129
Mar 202617457889.753.15$17,437
Feb 202615852063.503.75$11,983
Jan 202615347059.138.00$12,806
Dec 202531048356.664.41$19,696
Nov 202517945558.593.93$12,274
Oct 202532559459.383.30$21,262
Sep 202515558062.743.08$11,509
Aug 202533962663.933.01$23,560
Jul 202514262366.743.32$11,542
Jun 202531559266.483.13$22,793
May 202517257060.553.23$12,257
Apr 202535251862.363.54$23,786
Mar 202515950767.704.27$12,928
Feb 202515141670.884.34$12,509
Jan 202530351374.324.28$24,714
Dec 202430251168.993.12$22,430
Nov 202414343869.052.20$10,837
Oct 202428743071.372.28$21,464
Sep 202428836469.612.36$20,908
Aug 202426349575.632.06$20,912
Jul 202413046379.932.15$11,385
Jun 202427838078.082.63$22,707
May 202414437978.812.20$12,182
Apr 202429933684.451.66$25,808
Mar 202413734280.301.55$11,530
Feb 202442756676.091.78$33,500
Jan 202433160473.023.30$26,161
Dec 20231311,29371.262.61$12,711
Nov 20231301,39477.892.81$14,039
Oct 20231521,38785.443.09$17,269
Sep 20232941,38789.042.74$29,971
Aug 20231481,42280.522.67$15,718
Jul 20231571,51974.852.64$15,764
Jun 202315093868.962.26$12,462
May 202315986070.622.23$13,144
Apr 202329885178.122.24$25,184
Mar 202312771772.852.39$10,968
Feb 2023143075.112.47$10,741
Jan 202314388876.533.39$13,952
Dec 202213978776.415.73$15,130
Nov 202228068185.005.65$27,645
Oct 202214144887.185.86$14,919
Sep 202227258684.888.16$27,871
Aug 202214590094.529.13$21,920
Jul 20223041,471101.587.54$41,975
Jun 20222571,343115.097.98$40,292
May 20221331,320109.378.43$25,678
Apr 20223201,022104.226.84$40,338
Mar 2022274956108.885.08$34,686
Feb 202224431691.054.86$23,752
Jan 202231632381.844.54$27,327
Dec 202112927271.323.90$10,261
Nov 202115122577.435.24$12,870
Oct 202112616779.795.71$11,008
Sep 202113518369.865.35$10,410
Aug 202114020266.024.22$10,095
Jul 202115521270.783.98$11,815
Jun 202115117769.493.38$11,091
May 202113212863.483.02$8,766
Apr 20211506060.362.76$9,220
Mar 202116611261.302.72$10,480
Feb 2021016157.805.55$893
Jan 202116254150.412.81$9,687
Dec 202015236444.642.68$7,759
Nov 202014749838.772.71$7,047
Oct 202033246836.972.48$13,434
Sep 202015142637.091.99$6,449
Aug 202023349339.982.39$10,491
Jul 202016342438.371.83$7,028
Jun 202015053034.901.69$6,131
May 202014742616.921.81$3,260
Apr 202030534814.751.80$5,127
Mar 202030063630.341.86$10,283
Feb 202014960849.881.98$8,636
Jan 202046772457.252.09$28,252
Dec 201930676259.012.30$19,813
Nov 201930369155.302.75$18,657
Oct 20193111,01953.472.42$19,094
Sep 201927881955.052.66$17,480
Aug 201929681353.112.30$17,594
Jul 201943879756.272.46$26,607
Jun 201928862252.782.49$16,750
May 201933062258.482.74$21,003
Apr 201929753362.632.75$20,067
Mar 201929954056.803.06$18,637
Feb 201946062750.852.79$25,142
Jan 201929568646.033.23$15,793
Dec 201813956646.594.19$8,845
Nov 201844758052.934.24$26,117
Oct 201833480461.443.40$23,253
Sep 201831880459.543.11$21,433
Aug 201833780059.403.07$22,471
Jul 201839280465.142.93$27,892
Jun 201834376360.183.08$22,989
May 201831767465.382.90$22,681
Apr 20182901,33963.842.90$22,398
Mar 201846783261.222.79$30,908
Feb 201838668661.782.77$25,745
Jan 201815660462.874.01$12,229
Dec 201750770157.272.92$31,084
Nov 201732575255.423.12$20,357
Oct 201741279649.292.98$22,682
Sep 201727375847.523.09$15,313
Aug 201745255245.373.00$22,166
Jul 201732387943.873.09$16,884
Jun 201749478142.493.09$23,401
May 201732470745.373.26$17,007
Apr 201735370047.933.21$19,167
Mar 201735273446.772.98$18,653
Feb 201744257550.452.95$23,997
Jan 201735973149.413.42$20,237
Dec 201630864648.763.72$17,423
Nov 201633756742.492.64$15,818
Oct 201651877746.193.09$26,328
Sep 201631975841.553.10$15,605
Aug 201632272841.442.92$15,473
Jul 201648078841.622.92$22,282
Jun 201648584045.352.69$24,251
May 201629677542.521.99$14,129
Apr 201632794236.561.99$13,831
Mar 201633569133.011.79$12,298
Feb 201646172726.472.06$13,703
Jan 201633274227.352.36$10,835
Dec 201550877632.362.00$17,992
Nov 201542776638.792.17$18,224
Oct 201533677443.552.43$16,511
Sep 201544678742.992.76$21,344
Aug 201549174440.162.87$21,856
Jul 201531142448.152.95$16,223
Jun 201542892056.152.88$26,684
May 201542288855.212.96$25,923
Apr 201543693849.822.71$24,260
Mar 201532593442.892.93$16,680
Feb 201547879044.662.98$23,699
Jan 201531391943.433.10$16,443
Dec 201432062354.693.59$19,738
Nov 201448191970.464.25$37,799
Oct 201443198778.303.90$37,598
Sep 20144521,03586.164.05$43,131
Aug 20144351,09289.394.04$43,291
Jul 20144731,02696.564.18$49,961
Jun 20143331,08898.164.74$37,841
May 20144171,10394.734.73$44,716
Apr 201458294295.944.81$60,367
Mar 201431189495.895.06$34,343
Feb 201443372097.406.19$46,632
Jan 201445271490.404.86$44,331
Dec 201346876891.824.35$46,316
Nov 201347575688.853.74$45,030
Oct 201347880497.423.78$49,605
Sep 2013311772104.113.72$35,248
Aug 2013339724104.253.52$37,891
Jul 201359737102.523.72$61,342
Jun 201328885194.403.93$30,535
May 201342277594.834.15$43,234
Apr 201359579093.964.28$59,289
Mar 201345280693.623.91$45,470
Feb 201348963291.233.42$46,773
Jan 201331782491.603.42$31,855
Dec 201242779386.773.42$39,763
Nov 201245084086.953.62$42,172
Oct 201263084189.383.40$59,169
Sep 201231292894.672.92$32,245
Aug 201247283192.662.91$46,152
Jul 201259680585.133.02$53,169
Jun 201245885479.822.52$38,709
May 201244180891.612.49$42,411
Apr 2012458840101.652.00$48,233
Mar 2012607807105.052.22$65,559
Feb 2012471735101.102.57$49,507
Jan 201244177198.092.73$45,366
Dec 201160982796.873.24$61,673
Nov 201147077695.723.31$47,558
Oct 201162581484.983.65$56,082
Sep 201148482383.623.99$43,752
Aug 201144686583.404.15$40,786
Jul 201156396094.144.52$57,337
Jun 201159683992.904.64$59,261
May 201162683498.134.40$65,103
Apr 2011479815105.964.33$54,286
Mar 201141685896.364.06$43,567
Feb 201148071685.644.18$44,100
Jan 201162380886.504.59$57,597
Dec 201046880185.734.35$43,604
Nov 201062980880.843.80$53,915
Oct 201046785578.103.51$39,473
Sep 201044487772.633.98$35,738
Aug 201056887673.684.42$45,722
Jul 201059681072.554.74$47,076
Jun 201050778370.364.91$39,517
May 201050983271.124.24$39,724
Apr 201061578081.694.12$53,455
Mar 201050879678.394.39$43,316
Feb 201049867573.585.44$40,316
Jan 201051176874.365.96$42,578
Dec 200962177971.445.48$48,636
Nov 200965682374.593.75$52,019
Oct 200950885572.544.11$40,365
Sep 200953293665.543.06$37,736
Aug 20096541,02267.423.22$47,382
Jul 200948996761.133.46$33,243
Jun 20095161,01566.163.90$38,092
May 200947397954.743.93$29,735
Apr 200961490946.773.59$31,978
Mar 200946687942.144.06$23,205
Feb 200965081632.814.63$25,107
Jan 200948859335.865.37$20,685
Dec 200831033637.105.98$13,509
Nov 200846339455.496.86$28,395
Oct 200832032775.246.92$26,340
Sep 2008314287101.767.88$34,213
Aug 2008467712114.228.48$59,381
Jul 2008315736131.0811.39$49,673
Jun 2008503641131.3313.03$74,413
May 2008479609123.1711.57$66,047
Apr 2008460620110.3110.45$57,225
Mar 2008333623101.909.66$39,953
Feb 200833244992.538.77$34,658
Jan 200847249890.388.21$46,746
Dec 200742745288.337.30$41,017
Nov 200731938591.677.29$32,050
Oct 200734153282.856.92$31,934
Sep 200731135475.846.24$25,797
Aug 200747860569.066.39$36,875
Jul 200732061070.906.39$26,585
Jun 200735361762.007.55$26,543
May 200734243558.747.85$23,502
Apr 200746950459.617.81$31,891
Mar 200732636456.927.30$21,214
Feb 200749834155.108.22$30,241
Jan 200733736350.306.73$19,393
Dec 200644838956.656.92$28,070
Nov 200632142454.207.62$20,628
Oct 200648545154.906.01$29,339
Sep 200632948260.085.04$22,194
Aug 200649654968.717.34$38,110
Jul 20063334069.376.34$23,354
Jun 200634610466.286.38$23,597
May 2006548066.016.42$36,173
Apr 200632857064.397.36$25,315
Mar 200650549556.707.08$32,140
Feb 200632532957.597.75$21,267
Jan 200646519160.598.93$29,881
Dec 200531932354.9413.42$21,859
Nov 200533648654.6910.59$23,522
Oct 200545637558.3413.80$31,776
Sep 200534329561.4512.08$24,641
Aug 2005333061.519.80$20,483
Jul 2005470055.697.84$26,174
Jun 20053046952.337.38$16,418
May 200568530445.226.65$32,998
Apr 200534426749.207.36$18,890
Mar 20053449150.377.15$17,978
Feb 2005451045.226.31$20,394
Jan 2005508043.166.32$21,925
Dec 2004508039.866.75$20,249
Nov 2004353045.286.33$15,984
Oct 20045284049.706.52$26,502
Sep 2004542043.245.28$23,436
Aug 2004351042.375.55$14,872
Jul 2004523038.286.08$20,020
Jun 2004530036.106.43$19,133
May 2004526337.486.49$19,734
Apr 200450122734.475.86$18,599
Mar 200453613334.365.53$19,152
Feb 20045364632.455.51$17,647
Jan 200470715032.036.30$23,590
Dec 20037176430.266.30$22,100
Nov 200370525828.804.60$21,490
Oct 200356639628.174.76$17,829
Sep 200356949126.314.75$17,302
Aug 2003791029.765.13$23,540
Jul 2003525029.415.17$15,440
Jun 200370419828.565.98$21,291
May 200370320226.595.97$19,899
Apr 20037713126.675.41$20,730
Mar 2003708631.146.10$22,084
Feb 20035381533.487.93$18,131
Jan 20037176630.315.58$22,101
Dec 200287237626.914.85$25,291
Nov 200235529624.664.14$9,979
Oct 200272613426.464.23$19,777
Sep 2002527027.443.64$14,461
Aug 200282126225.963.16$22,142
Jul 200262527024.583.06$16,189
Jun 200270013723.733.34$17,068
May 200286020024.663.58$21,924
Apr 20029163523.653.51$21,786
Mar 200252220022.003.10$12,105
Feb 200268321218.222.38$12,948
Jan 200287522117.172.38$15,549
Dec 200152723016.932.36$9,466
Nov 200171025318.072.41$13,438
Oct 200173012719.782.53$14,761
Sep 200184311924.262.25$20,719
Aug 200184917824.873.05$21,658
Jul 200170415523.933.20$17,342
Jun 20018844424.563.82$21,879
May 200171218625.524.31$18,971
Apr 200171117924.685.34$18,503
Mar 200170913224.545.38$18,109
Feb 200153218227.755.77$15,813
Jan 200188720527.478.40$26,088
Dec 200053420526.889.12$16,224
Nov 20008967732.215.66$29,296
Oct 200071010431.235.15$22,708
Sep 200071220531.875.19$23,755
Aug 200088418929.644.54$27,060
Jul 200088220428.534.09$25,998
Jun 200071624529.304.40$22,056
May 200087616827.263.68$24,498
Apr 200067622224.513.12$17,261
Mar 200071021528.422.86$20,793
Feb 200074917927.622.73$21,175
Jan 200089925225.272.48$23,343
Dec 199972321424.282.42$18,073
Nov 199989119523.192.43$21,137
Oct 19997078420.982.80$15,068
Sep 199952712321.752.62$11,784
Aug 199987613219.262.88$17,251
Jul 19998645117.892.37$15,578
Jun 19995159315.942.36$8,429
May 199986415715.792.32$14,007
Apr 199990814515.102.21$14,031
Mar 19995291112.471.84$6,617
Feb 19995601179.981.82$5,801
Jan 19997066310.381.90$7,448
Dec 199842409.201.77$3,901
Nov 199870611210.892.19$7,933
Oct 199853414012.421.97$6,908
Sep 199852415912.592.08$6,928
Aug 199870612111.301.91$8,209
Jul 1998693511.742.24$8,147
Jun 199869919811.242.24$8,300
May 199870214712.622.21$9,184
Apr 199870019013.042.51$9,604
Mar 199884319912.802.31$11,250
Feb 199886018713.952.30$12,427
Jan 199874615314.702.15$11,296
Dec 19975264316.322.41$8,688
Nov 19977081418.193.09$12,922
Oct 19978581419.253.15$16,561
Sep 1997734017.742.95$13,021
Aug 199772531717.862.55$13,758
Jul 199769324717.582.25$12,738
Jun 199770920017.242.26$12,675
May 199791522418.972.31$17,875
Apr 199788921817.882.08$16,349
Mar 199792222018.951.94$17,899
Feb 199757217520.492.21$12,106
Jan 19971,073123.483.54$25,198
Dec 1996934123.32$21,781
Nov 199686523121.97$19,004
Oct 199688924023.31$20,723
Sep 19961,05514522.22$23,442
Aug 199689719720.26$18,173
Jul 19961,061019.55$20,743
Jun 199687931718.73$16,464
May 19961,05829919.43$20,557
Apr 1996898121.51$19,316
Mar 19961,090119.38$21,124
Feb 1996894116.98$15,180
Jan 19961,040117.07$17,753
Dec 19951,087117.19$18,686
Nov 19951,250116.00$20,000
Oct 19951,083115.43$16,711
Sep 19951,0783016.18$17,442
Aug 19951,059115.92$16,859
Jul 1995151115.24$2,301
Jun 199523611816.41$3,873
May 19952117217.56$3,705
Apr 19952514317.73$4,450
Mar 19952173816.44$3,567
Feb 19952408716.58$3,979
Jan 19952438715.92$3,869
Dec 199426114515.03$3,923
Nov 19941879715.90$2,973
Oct 19941649215.58$2,555
Sep 199424015515.29$3,670
Aug 199421110016.13$3,403
Jul 199413313417.56$2,335
Jun 199427116117.09$4,631
May 199430812115.88$4,891
Apr 199421810914.14$3,083
Mar 199426611212.46$3,314
Feb 19941133912.50$1,413
Jan 19942076812.66$2,621
Dec 19931965612.33$2,417
Nov 199327213414.49$3,941
Oct 199329715015.85$4,707
Sep 199324613015.03$3,697
Aug 199323412515.66$3,664
Jul 199321211815.46$3,278
Jun 19932379116.79$3,979
May 19932676017.68$4,721
Apr 1993266318.05$4,801
Mar 1993273718.14$4,952
Feb 19932524817.90$4,511
Jan 199329613716.93$5,011

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                  172 bbl  × $106.41 =    $18,303
Casinghead gas         0 Mcf  × $  3.05 =         $0

────────────────────────────────────────────────────
Month total                                  $18,303

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/7038 is the state's own key, not one this site invented.