ELDER -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 7440District 6EField 27302001OilCasinghead gasSaveExport
Value, all time
$1.4 M
Jan 1993 – May 2026
Value, last 12 filed months
$54 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
OilDisposition23,497 bbl$1,342,490
Casinghead gasProduction10,798 Mcf$26,805
Total$1,369,294

4,389 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 2026830106.413.05$8,832
Apr 202681098.932.87$8,013
Mar 202680089.753.15$7,180
Feb 20260063.503.75$0
Jan 202680059.138.00$4,730
Dec 202577056.664.41$4,363
Nov 20250058.593.93$0
Oct 202582059.383.30$4,869
Sep 202581062.743.08$5,082
Aug 202581063.933.01$5,178
Jul 20250066.743.32$0
Jun 202580066.483.13$5,318
May 202582060.553.23$4,965
Apr 202575062.363.54$4,677
Mar 202575067.704.27$5,078
Feb 202575070.884.34$5,316
Jan 20250074.324.28$0
Dec 202482068.993.12$5,657
Nov 202477069.052.20$5,317
Oct 202480071.372.28$5,710
Sep 202477069.612.36$5,360
Aug 202474075.632.06$5,597
Jul 202477079.932.15$6,155
Jun 202481078.082.63$6,324
May 202478078.812.20$6,147
Apr 20240084.451.66$0
Mar 202472080.301.55$5,782
Feb 202480076.091.78$6,087
Jan 20240073.023.30$0
Dec 202363071.262.61$4,489
Nov 20230077.892.81$0
Oct 202361085.443.09$5,212
Sep 20230089.042.74$0
Aug 202359080.522.67$4,751
Jul 202357074.852.64$4,266
Jun 202363068.962.26$4,344
May 202353070.622.23$3,743
Apr 202353078.122.24$4,140
Mar 20230072.852.39$0
Feb 202354075.112.47$4,056
Jan 202355076.533.39$4,209
Dec 202263076.415.73$4,814
Nov 202258085.005.65$4,930
Oct 202256087.185.86$4,882
Sep 202258084.888.16$4,923
Aug 20220094.529.13$0
Jul 2022590101.587.54$5,993
Jun 202200115.097.98$0
May 2022550109.378.43$6,015
Apr 202200104.226.84$0
Mar 2022610108.885.08$6,642
Feb 202255091.054.86$5,008
Jan 20220081.844.54$0
Dec 202157071.323.90$4,065
Nov 202157077.435.24$4,414
Oct 202160079.795.71$4,787
Sep 20210069.865.35$0
Aug 202157066.024.22$3,763
Jul 202154070.783.98$3,822
Jun 20210069.493.38$0
May 202162063.483.02$3,936
Apr 2021117060.362.76$7,062
Mar 202156061.302.72$3,433
Feb 20210057.805.55$0
Jan 20210050.412.81$0
Dec 20200044.642.68$0
Nov 20200038.772.71$0
Oct 202057036.972.48$2,107
Sep 202054037.091.99$2,003
Aug 20200039.982.39$0
Jul 202057038.371.83$2,187
Jun 202055034.901.69$1,920
May 2020108016.921.81$1,827
Apr 202056014.751.80$826
Mar 202057030.341.86$1,729
Feb 202057049.881.98$2,843
Jan 2020116057.252.09$6,641
Dec 201960059.012.30$3,541
Nov 201962055.302.75$3,429
Oct 201952053.472.42$2,780
Sep 201959055.052.66$3,248
Aug 2019114053.112.30$6,055
Jul 201959056.272.46$3,320
Jun 201957052.782.49$3,008
May 2019114058.482.74$6,667
Apr 201958062.632.75$3,633
Mar 201963056.803.06$3,578
Feb 201954050.852.79$2,746
Jan 201954046.033.23$2,486
Dec 2018109046.594.19$5,078
Nov 201858052.934.24$3,070
Oct 201860061.443.40$3,686
Sep 201857059.543.11$3,394
Aug 2018109059.403.07$6,475
Jul 201858065.142.93$3,778
Jun 201850060.183.08$3,009
May 201862065.382.90$4,054
Apr 2018114063.842.90$7,278
Mar 201859061.222.79$3,612
Feb 201858061.782.77$3,583
Jan 2018120062.874.01$7,544
Dec 201759057.272.92$3,379
Nov 201757055.423.12$3,159
Oct 2017122049.292.98$6,013
Sep 201758047.523.09$2,756
Aug 201758045.373.00$2,631
Jul 201757043.873.09$2,501
Jun 201758042.493.09$2,464
May 2017117045.373.26$5,308
Apr 201758047.933.21$2,780
Mar 201757046.772.98$2,666
Feb 201757050.452.95$2,876
Jan 201754049.413.42$2,668
Dec 201658048.763.72$2,828
Nov 2016120042.492.64$5,099
Oct 201658046.193.09$2,679
Sep 201653041.553.10$2,202
Aug 201658041.442.92$2,404
Jul 201652041.622.92$2,164
Jun 201657045.352.69$2,585
May 2016109042.521.99$4,635
Apr 201656036.561.99$2,047
Mar 201658033.011.79$1,915
Feb 201655026.472.06$1,456
Jan 201663027.352.36$1,723
Dec 2015121032.362.00$3,916
Nov 201559038.792.17$2,289
Oct 201558043.552.43$2,526
Sep 201559042.992.76$2,536
Aug 2015108040.162.87$4,337
Jul 2015116048.152.95$5,585
Jun 20150056.152.88$0
May 2015118055.212.96$6,515
Apr 201559049.822.71$2,939
Mar 201561042.892.93$2,616
Feb 2015120044.662.98$5,359
Jan 201557043.433.10$2,476
Dec 201457054.693.59$3,117
Nov 2014105070.464.25$7,398
Oct 201457078.303.90$4,463
Sep 2014110086.164.05$9,478
Aug 201458089.394.04$5,185
Jul 201456096.564.18$5,407
Jun 201460098.164.74$5,890
May 2014101094.734.73$9,568
Apr 201462095.944.81$5,948
Mar 201458095.895.06$5,562
Feb 201460097.406.19$5,844
Jan 2014111090.404.86$10,034
Dec 201357091.824.35$5,234
Nov 201363088.853.74$5,598
Oct 2013114097.423.78$11,106
Sep 2013570104.113.72$5,934
Aug 2013550104.253.52$5,734
Jul 20131130102.523.72$11,585
Jun 201355094.403.93$5,192
May 201354094.834.15$5,121
Apr 2013112093.964.28$10,524
Mar 201360093.623.91$5,617
Feb 201357091.233.42$5,200
Jan 201355091.603.42$5,038
Dec 2012117086.773.42$10,152
Nov 201263086.953.62$5,478
Oct 201259089.383.40$5,273
Sep 2012119094.672.92$11,266
Aug 201257092.662.91$5,282
Jul 201257085.133.02$4,852
Jun 2012107079.822.52$8,541
May 201257091.612.49$5,222
Apr 20121160101.652.00$11,791
Mar 2012590105.052.22$6,198
Feb 2012600101.102.57$6,066
Jan 2012119098.092.73$11,673
Dec 201157096.873.24$5,522
Nov 2011120095.723.31$11,486
Oct 201159084.983.65$5,014
Sep 2011115083.623.99$9,616
Aug 201157083.404.15$4,754
Jul 2011115094.144.52$10,826
Jun 201157092.904.64$5,295
May 201159098.134.40$5,790
Apr 20111230105.964.33$13,033
Mar 201160096.364.06$5,782
Feb 201158085.644.18$4,967
Jan 201193086.504.59$8,045
Dec 2010728085.734.35$62,411
Nov 2010120080.843.80$9,701
Oct 201059078.103.51$4,608
Sep 201060072.633.98$4,358
Aug 2010123073.684.42$9,063
Jul 20100072.554.74$0
Jun 201074070.364.91$5,207
May 201063071.124.24$4,481
Apr 201063081.694.12$5,146
Mar 201062078.394.39$4,860
Feb 201063073.585.44$4,636
Jan 2010125074.365.96$9,295
Dec 200961071.445.48$4,358
Nov 2009127074.593.75$9,473
Oct 200962072.544.11$4,497
Sep 200962065.543.06$4,063
Aug 200958067.423.22$3,910
Jul 2009120061.133.46$7,336
Jun 200966066.163.90$4,367
May 200962054.743.93$3,394
Apr 200962046.773.59$2,900
Mar 2009113042.144.06$4,762
Feb 200948032.814.63$1,575
Jan 200955035.865.37$1,972
Dec 200811419137.105.98$5,371
Nov 200858055.496.86$3,218
Oct 200855075.246.92$4,138
Sep 2008570101.767.88$5,800
Aug 20081150114.228.48$13,135
Jul 2008590131.0811.39$7,734
Jun 20081550131.3313.03$20,356
May 200800123.1711.57$0
Apr 20081110110.3110.45$12,244
Mar 20081050101.909.66$10,700
Feb 200847092.538.77$4,349
Jan 2008115090.388.21$10,394
Dec 200755088.337.30$4,858
Nov 200759091.677.29$5,409
Oct 200752082.856.92$4,308
Sep 200759075.846.24$4,475
Aug 200758069.066.39$4,005
Jul 200755070.906.39$3,900
Jun 200755062.007.55$3,410
May 200757058.747.85$3,348
Apr 200758059.617.81$3,457
Mar 2007111056.927.30$6,318
Feb 200757055.108.22$3,141
Jan 20079315750.306.73$5,734
Dec 200653056.656.92$3,002
Nov 200657054.207.62$3,089
Oct 2006105054.906.01$5,765
Sep 200652060.085.04$3,124
Aug 20066316868.717.34$5,562
Jul 200611215469.376.34$8,746
Jun 200660066.286.38$3,977
May 200610915666.016.42$8,197
Apr 20060064.397.36$0
Mar 200660056.707.08$3,402
Feb 20060057.597.75$0
Jan 200663060.598.93$3,817
Dec 20050054.9413.42$0
Nov 200552054.6910.59$2,844
Oct 20050058.3413.80$0
Sep 200560061.4512.08$3,687
Aug 20050061.519.80$0
Jul 20050055.697.84$0
Jun 200556052.337.38$2,930
May 20050045.226.65$0
Apr 200563049.207.36$3,100
Mar 20050050.377.15$0
Feb 20050045.226.31$0
Jan 200556043.166.32$2,417
Dec 20040039.866.75$0
Nov 20040045.286.33$0
Oct 200454049.706.52$2,684
Sep 20040043.245.28$0
Aug 200456042.375.55$2,373
Jul 20040038.286.08$0
Jun 200449036.106.43$1,769
May 20040037.486.49$0
Apr 200459034.475.86$2,034
Mar 20040034.365.53$0
Feb 200455032.455.51$1,785
Jan 20040032.036.30$0
Dec 20034819030.266.30$2,650
Nov 20034916428.804.60$2,165
Oct 200310616428.174.76$3,767
Sep 20030026.314.75$0
Aug 200354029.765.13$1,607
Jul 20035417229.415.17$2,478
Jun 20035616328.565.98$2,575
May 20035518026.595.97$2,538
Apr 20035817526.675.41$2,493
Mar 20035616931.146.10$2,774
Feb 20035316533.487.93$3,082
Jan 20035619030.315.58$2,758
Dec 20025513426.914.85$2,130
Nov 200255024.664.14$1,356
Oct 200210422226.464.23$3,691
Sep 20025722027.443.64$2,364
Aug 20025720525.963.16$2,128
Jul 20025821224.583.06$2,075
Jun 20025915423.733.34$1,914
May 200258024.663.58$1,430
Apr 200256023.653.51$1,324
Mar 20025419822.003.10$1,802
Feb 20025417918.222.38$1,409
Jan 20025620217.172.38$1,441
Dec 200156016.932.36$948
Nov 20015519218.072.41$1,456
Oct 20015620219.782.53$1,619
Sep 20015516024.262.25$1,695
Aug 200154024.873.05$1,343
Jul 20015718423.933.20$1,952
Jun 2001014224.563.82$543
May 20016016325.524.31$2,233
Apr 2001108024.685.34$2,665
Mar 20010024.545.38$0
Feb 200153027.755.77$1,471
Jan 200150027.478.40$1,374
Dec 20000026.889.12$0
Nov 200044032.215.66$1,417
Oct 200046031.235.15$1,437
Sep 200041031.875.19$1,307
Aug 200043029.644.54$1,275
Jul 200052028.534.09$1,484
Jun 200048029.304.40$1,406
May 200059027.263.68$1,608
Apr 20000024.513.12$0
Mar 20000028.422.86$0
Feb 20000027.622.73$0
Jan 20000025.272.48$0
Dec 19990024.282.42$0
Nov 19990023.192.43$0
Oct 19990020.982.80$0
Sep 19990021.752.62$0
Aug 199930019.262.88$578
Jul 19990017.892.37$0
Jun 19990015.942.36$0
May 19990015.792.32$0
Apr 19990015.102.21$0
Mar 19990012.471.84$0
Feb 1999009.981.82$0
Jan 199902310.381.90$44
Dec 19980199.201.77$34
Nov 199802610.892.19$57
Oct 1998302212.421.97$416
Sep 1998342912.592.08$488
Aug 1998423011.301.91$532
Jul 1998432911.742.24$570
Jun 1998705411.242.24$908
May 1998656512.622.21$964
Apr 199801213.042.51$30
Mar 1998392812.802.31$564
Feb 1998562713.952.30$843
Jan 199802914.702.15$62
Dec 1997493016.322.41$872
Nov 1997382918.193.09$781
Oct 1997434119.253.15$957
Sep 1997504317.742.95$1,014
Aug 1997704117.862.55$1,355
Jul 1997593717.582.25$1,120
Jun 1997519417.242.26$1,091
May 19974710318.972.31$1,129
Apr 199709417.882.08$196
Mar 199714110618.951.94$2,878
Feb 199704520.492.21$99
Jan 1997442623.483.54$1,125
Dec 1996526523.32$1,213
Nov 199606621.97$0
Oct 19961117923.31$2,587
Sep 1996443822.22$978
Aug 199605120.26$0
Jul 1996535019.55$1,036
Jun 1996567418.73$1,049
May 19961027319.43$1,982
Apr 199607721.51$0
Mar 1996638519.38$1,221
Feb 1996011016.98$0
Jan 1996536517.07$905
Dec 1995398717.19$670
Nov 19956610216.00$1,056
Oct 19955913215.43$910
Sep 19956211416.18$1,003
Aug 19955911815.92$939
Jul 19956012215.24$914
Jun 1995698216.41$1,132
May 1995598517.56$1,036
Apr 1995598817.73$1,046
Mar 1995416016.44$674
Feb 1995435416.58$713
Jan 1995478715.92$748
Dec 1994507415.03$752
Nov 1994618015.90$970
Oct 1994657915.58$1,013
Sep 1994647815.29$979
Aug 1994577016.13$919
Jul 1994706817.56$1,229
Jun 1994275217.09$461
May 199412613315.88$2,001
Apr 19946916314.14$976
Mar 19947014312.46$872
Feb 19946810012.50$850
Jan 1994689412.66$861
Dec 19936810912.33$838
Nov 19937212114.49$1,043
Oct 19937012015.85$1,110
Sep 19936812815.03$1,022
Aug 19937013615.66$1,096
Jul 19936714415.46$1,036
Jun 199311613416.79$1,948
May 1993209817.68$354
Apr 1993799018.05$1,426
Mar 1993396018.14$707
Feb 1993656417.90$1,164
Jan 1993708716.93$1,185

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                   83 bbl  × $106.41 =     $8,832
Casinghead gas         0 Mcf  × $  3.05 =         $0

────────────────────────────────────────────────────
Month total                                   $8,832

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/7440 is the state's own key, not one this site invented.