JERNIGAN, W. M.

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 7550District 6EField 27302001OilCasinghead gasSaveExport
Value, all time
$8.2 M
Jan 1993 – May 2026
Value, last 12 filed months
$210 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
OilDisposition164,142 bbl$7,824,928
Casinghead gasProduction95,737 Mcf$325,442
Total$8,150,370

15,438 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 20261560106.413.05$16,600
Apr 202632922098.932.87$33,179
Mar 202633226089.753.15$30,616
Feb 202633724263.503.75$22,307
Jan 202617624659.138.00$12,374
Dec 202514122056.664.41$8,960
Nov 202516224358.593.93$10,446
Oct 202514525459.383.30$9,450
Sep 202531426362.743.08$20,510
Aug 202517226763.933.01$11,801
Jul 202514727966.743.32$10,736
Jun 202534123666.483.13$23,408
May 202534524760.553.23$21,688
Apr 20259524062.363.54$6,775
Mar 202532525567.704.27$23,091
Feb 202517023670.884.34$13,074
Jan 202530525574.324.28$23,759
Dec 202430822668.993.12$21,954
Nov 202415222669.052.20$10,992
Oct 202434224871.372.28$24,974
Sep 202431324069.612.36$22,355
Aug 202434424175.632.06$26,514
Jul 202416425479.932.15$13,654
Jun 202414525778.082.63$11,999
May 202430620978.812.20$24,575
Apr 202432919684.451.66$28,109
Mar 202432617780.301.55$26,451
Feb 202415416276.091.78$12,007
Jan 202416717373.023.30$12,765
Dec 202333018371.262.61$23,994
Nov 2023337077.892.81$26,249
Oct 202331914585.443.09$27,703
Sep 202316114589.042.74$14,732
Aug 202349017980.522.67$39,933
Jul 202317521774.852.64$13,672
Jun 202331530168.962.26$22,402
May 202333327670.622.23$24,131
Apr 202316529678.122.24$13,552
Mar 202348126372.852.39$35,670
Feb 2023158075.112.47$11,867
Jan 202334130276.533.39$27,120
Dec 202236727876.415.73$29,635
Nov 202234528985.005.65$30,957
Oct 202234025587.185.86$31,136
Sep 202217822084.888.16$16,905
Aug 202234223594.529.13$34,471
Jul 2022337238101.587.54$36,027
Jun 2022321232115.097.98$38,795
May 2022346216109.378.43$39,664
Apr 2022307194104.226.84$33,322
Mar 2022146215108.885.08$16,988
Feb 202232119491.054.86$30,170
Jan 202233622481.844.54$28,515
Dec 202131121671.323.90$23,023
Nov 2021345077.435.24$26,713
Oct 202118620979.795.71$16,035
Sep 202149520969.865.35$35,699
Aug 202115719466.024.22$11,184
Jul 202132021370.783.98$23,498
Jun 202134220569.493.38$24,459
May 202139521063.483.02$25,708
Apr 202149915060.362.76$30,533
Mar 202149421561.302.72$30,866
Feb 202117317357.805.55$10,959
Jan 202144817750.412.81$23,081
Dec 202037120544.642.68$17,110
Nov 202033519638.772.71$13,518
Oct 202049322336.972.48$18,779
Sep 202036111137.091.99$13,611
Aug 202017325639.982.39$7,527
Jul 2020027738.371.83$506
Jun 202035324334.901.69$12,730
May 202019126316.921.81$3,709
Apr 202033220214.751.80$5,261
Mar 202034922730.341.86$11,010
Feb 202035322649.881.98$18,055
Jan 202051826057.252.09$30,200
Dec 201933524459.012.30$20,331
Nov 201951723755.302.75$29,242
Oct 201933225453.472.42$18,366
Sep 201932927955.052.66$18,853
Aug 201950227853.112.30$27,302
Jul 201934426556.272.46$20,009
Jun 201934411952.782.49$18,453
May 201952111958.482.74$30,794
Apr 201933814062.632.75$21,554
Mar 201934620056.803.06$20,265
Feb 201916514750.852.79$8,801
Jan 201935421546.033.23$16,989
Dec 201835323246.594.19$17,417
Nov 201835631352.934.24$20,169
Oct 201834122961.443.40$21,729
Sep 201818922959.543.11$11,965
Aug 201835029259.403.07$21,685
Jul 201851230265.142.93$34,237
Jun 201833731560.183.08$21,250
May 201835334465.382.90$24,077
Apr 201817528363.842.90$11,993
Mar 201834929061.222.79$22,174
Feb 201835323861.782.77$22,467
Jan 201835028662.874.01$23,151
Dec 201735125757.272.92$20,853
Nov 201735329555.423.12$20,483
Oct 201732231449.292.98$16,808
Sep 201732930847.523.09$16,585
Aug 201736131145.373.00$17,313
Jul 201734830843.873.09$16,218
Jun 201717328842.493.09$8,240
May 201753825545.373.26$25,241
Apr 201732123047.933.21$16,124
Mar 201735523546.772.98$17,305
Feb 201718819550.452.95$10,060
Jan 201733921949.413.42$17,499
Dec 201633721548.763.72$17,233
Nov 201633521442.492.64$14,800
Oct 201636123146.193.09$17,388
Sep 201631025041.553.10$13,656
Aug 201633724941.442.92$14,693
Jul 201632428541.622.92$14,318
Jun 201635129645.352.69$16,713
May 201650430642.521.99$22,039
Apr 201618630036.561.99$7,397
Mar 201634630133.011.79$11,961
Feb 201634329826.472.06$9,694
Jan 201636046527.352.36$10,945
Dec 201553730532.362.00$17,988
Nov 201536846138.792.17$15,274
Oct 201534850343.552.43$16,376
Sep 201534531842.992.76$15,709
Aug 201536122540.162.87$15,144
Jul 201536724148.152.95$18,381
Jun 201551323656.152.88$29,485
May 201517523955.212.96$10,368
Apr 201551924749.822.71$26,525
Mar 201536320342.892.93$16,165
Feb 201535324944.662.98$16,506
Jan 201536127043.433.10$16,515
Dec 201454537054.693.59$31,135
Nov 201435533470.464.25$26,433
Oct 201455233478.303.90$44,525
Sep 201417733486.164.05$16,602
Aug 201435033489.394.04$32,634
Jul 201451933496.564.18$51,511
Jun 201436333498.164.74$37,214
May 201436533394.734.73$36,150
Apr 201452933495.944.81$52,359
Mar 201437633695.895.06$37,754
Feb 201437449997.406.19$39,517
Jan 201451933790.404.86$48,556
Dec 201353634491.824.35$50,713
Nov 201334730388.853.74$31,964
Oct 201353536597.423.78$53,499
Sep 2013340364104.113.72$36,751
Aug 2013334367104.253.52$36,112
Jul 2013517363102.523.72$54,352
Jun 201335736394.403.93$35,129
May 201350330694.834.15$48,969
Apr 201334930393.964.28$34,090
Mar 201336031293.623.91$34,924
Feb 201353130291.233.42$49,476
Jan 201335029591.603.42$33,069
Dec 2012492086.773.42$42,691
Nov 201253028086.953.62$47,098
Oct 201234526089.383.40$31,720
Sep 201250726094.672.92$48,756
Aug 201252031892.662.91$49,108
Jul 201234731585.133.02$30,492
Jun 201234332179.822.52$28,187
May 201250531991.612.49$47,057
Apr 2012507305101.652.00$52,146
Mar 2012361340105.052.22$38,679
Feb 2012522308101.102.57$53,566
Jan 201238033798.092.73$38,196
Dec 201153134396.873.24$52,549
Nov 201134821395.723.31$34,016
Oct 201151925484.983.65$45,031
Sep 20115148683.623.99$43,323
Aug 201134925583.404.15$30,165
Jul 20115017594.144.52$47,503
Jun 201153126692.904.64$50,564
May 201153425298.134.40$53,511
Apr 2011368248105.964.33$40,068
Mar 201153535396.364.06$52,985
Feb 201138510185.644.18$33,394
Jan 201136137586.504.59$32,947
Dec 201019011885.734.35$16,802
Nov 201036336580.843.80$30,730
Oct 201036952878.103.51$30,672
Sep 201028119772.633.98$21,193
Aug 201037462573.684.42$30,318
Jul 201036060972.554.74$29,003
Jun 20103798870.364.91$27,099
May 201037254971.124.24$28,782
Apr 201034320581.694.12$28,865
Mar 201036443878.394.39$30,456
Feb 201017220973.585.44$13,793
Jan 201049631874.365.96$38,779
Dec 200917525571.445.48$13,900
Nov 200934822774.593.75$26,809
Oct 2009350072.544.11$25,389
Sep 2009336065.543.06$22,021
Aug 200944930867.423.22$31,263
Jul 200919320961.133.46$12,522
Jun 200947934566.163.90$33,034
May 200932734754.743.93$19,262
Apr 200933338246.773.59$16,945
Mar 200952111242.144.06$22,410
Feb 200917628332.814.63$7,086
Jan 200935931435.865.37$14,560
Dec 200836114337.105.98$14,248
Nov 200834216055.496.86$20,075
Oct 200836325075.246.92$29,043
Sep 20083420101.767.88$34,802
Aug 2008519242114.228.48$61,333
Jul 2008187305131.0811.39$27,986
Jun 2008366248131.3313.03$51,299
May 2008372208123.1711.57$48,227
Apr 2008362355110.3110.45$43,644
Mar 2008345230101.909.66$37,378
Feb 200818731492.538.77$20,057
Jan 200835837790.388.21$35,450
Dec 200736813488.337.30$33,484
Nov 200736621791.677.29$35,134
Oct 200733322582.856.92$29,147
Sep 200733621175.846.24$26,800
Aug 200733121469.066.39$24,226
Jul 200735310370.906.39$25,686
Jun 20073256662.007.55$20,648
May 200731510858.747.85$19,351
Apr 200733514659.617.81$21,109
Mar 200734416556.927.30$20,785
Feb 200729920755.108.22$18,176
Jan 200733031250.306.73$18,698
Dec 200631520156.656.92$19,235
Nov 200644337154.207.62$26,837
Oct 200617618154.906.01$10,751
Sep 200632221960.085.04$20,449
Aug 200633627268.717.34$25,083
Jul 20064671969.376.34$32,516
Jun 20062914566.286.38$19,575
May 2006440066.016.42$29,044
Apr 200629623764.397.36$20,804
Mar 200646015356.707.08$27,166
Feb 2006320057.597.75$18,429
Jan 2006329060.598.93$19,934
Dec 20054875654.9413.42$27,507
Nov 200535221054.6910.59$21,474
Oct 200534825758.3413.80$23,848
Sep 200533417461.4512.08$22,626
Aug 2005530061.519.80$32,600
Jul 2005352055.697.84$19,603
Jun 20053394452.337.38$18,065
May 200534731945.226.65$17,813
Apr 200530124049.207.36$16,576
Mar 200533210450.377.15$17,467
Feb 200533911045.226.31$16,024
Jan 2005441043.166.32$19,034
Dec 200432510639.866.75$13,670
Nov 200449412045.286.33$23,128
Oct 200436525249.706.52$19,782
Sep 20044824843.245.28$21,095
Aug 200436317842.375.55$16,368
Jul 200449122038.286.08$20,134
Jun 200450118736.106.43$19,289
May 200454117937.486.49$21,439
Apr 200435617334.475.86$13,285
Mar 200454410734.365.53$19,284
Feb 200456317132.455.51$19,212
Jan 200451617332.036.30$17,617
Dec 200335817330.266.30$11,923
Nov 200354215828.804.60$16,336
Oct 200365017028.174.76$19,120
Sep 200335218726.314.75$10,149
Aug 200353321229.765.13$16,950
Jul 200347523729.415.17$15,195
Jun 200350920228.565.98$15,746
May 200390415326.595.97$24,951
Apr 200317818326.675.41$5,737
Mar 200335315731.146.10$11,950
Feb 20033817633.487.93$13,358
Jan 200356016230.315.58$17,878
Dec 200254020026.914.85$15,502
Nov 200256215924.664.14$14,517
Oct 200284310326.464.23$22,741
Sep 200233911727.443.64$9,727
Aug 200229211025.963.16$7,928
Jul 200266111824.583.06$16,609
Jun 200218313623.733.34$4,797
May 200251912524.663.58$13,247
Apr 20025506123.653.51$13,222
Mar 200248512522.003.10$11,058
Feb 200254624718.222.38$10,535
Jan 200250626617.172.38$9,320
Dec 20013647016.932.36$6,328
Nov 200150814918.072.41$9,538
Oct 200154317119.782.53$11,173
Sep 200136418124.262.25$9,238
Aug 200167419324.873.05$17,352
Jul 200167922323.933.20$16,961
Jun 200117027224.563.82$5,215
May 200171423825.524.31$19,246
Apr 200138122024.685.34$10,577
Mar 200166023024.545.38$17,433
Feb 200137921227.755.77$11,740
Jan 200118712727.478.40$6,204
Dec 200073612726.889.12$20,942
Nov 200018022732.215.66$7,082
Oct 200068810831.235.15$22,042
Sep 200033610531.875.19$11,253
Aug 20004946329.644.54$14,928
Jul 200048217328.534.09$14,459
Jun 200053547829.304.40$17,777
May 200054751527.263.68$16,806
Apr 200054451224.513.12$14,929
Mar 20005104228.422.86$14,614
Feb 200055022627.622.73$15,807
Jan 200036623425.272.48$9,829
Dec 199954322224.282.42$13,722
Nov 1999555023.192.43$12,870
Oct 1999534020.982.80$11,203
Sep 1999532021.752.62$11,571
Aug 1999714019.262.88$13,752
Jul 1999538017.892.37$9,625
Jun 1999297015.942.36$4,734
May 19990015.792.32$0
Apr 199992015.102.21$1,389
Mar 199971126912.471.84$9,361
Feb 19995362349.981.82$5,775
Jan 199935922910.381.90$4,162
Dec 19985412139.201.77$5,355
Nov 199855014910.892.19$6,315
Oct 199855221412.421.97$7,277
Sep 199853627712.592.08$7,325
Aug 199853932411.301.91$6,709
Jul 199853932111.742.24$7,046
Jun 1998528011.242.24$5,935
May 199835625912.622.21$5,064
Apr 199854329413.042.51$7,817
Mar 199853026512.802.31$7,396
Feb 199851927513.952.30$7,872
Jan 199851826314.702.15$8,181
Dec 199754132016.322.41$9,601
Nov 199753931418.193.09$10,774
Oct 199753729219.253.15$11,257
Sep 199752232317.742.95$10,215
Aug 199769916717.862.55$12,911
Jul 199754333217.582.25$10,292
Jun 199754138417.242.26$10,194
May 199734730218.972.31$7,280
Apr 199770929417.882.08$13,289
Mar 199753232518.951.94$10,712
Feb 199752825820.492.21$11,388
Jan 199752726523.483.54$13,312
Dec 199652928323.32$12,336
Nov 199651328921.97$11,271
Oct 199669127923.31$16,107
Sep 199652724722.22$11,710
Aug 199651729720.26$10,474
Jul 199652025519.55$10,166
Jun 199669423518.73$12,999
May 199653133619.43$10,317
Apr 199652631521.51$11,314
Mar 199652131519.38$10,097
Feb 199670631516.98$11,988
Jan 199652820717.07$9,013
Dec 199552331717.19$8,990
Nov 199570727416.00$11,312
Oct 199552932415.43$8,162
Sep 199551534716.18$8,333
Aug 199553162415.92$8,454
Jul 199570035715.24$10,668
Jun 199538634816.41$6,334
May 199562338917.56$10,940
Apr 199557227717.73$10,142
Mar 199541427516.44$6,806
Feb 199561738016.58$10,230
Jan 199560837715.92$9,679
Dec 199456537915.03$8,492
Nov 199457435315.90$9,127
Oct 199459433415.58$9,255
Sep 199453929715.29$8,241
Aug 199459228016.13$9,549
Jul 199455131917.56$9,676
Jun 199459132517.09$10,100
May 199454828615.88$8,702
Apr 199452430714.14$7,409
Mar 199463036012.46$7,850
Feb 199443122712.50$5,388
Jan 199459131412.66$7,482
Dec 199360732412.33$7,484
Nov 199361933014.49$8,969
Oct 199355739115.85$8,828
Sep 199373829815.03$11,092
Aug 199365331815.66$10,226
Jul 199361930415.46$9,570
Jun 199351334916.79$8,613
May 199364338717.68$11,368
Apr 199363534018.05$11,462
Mar 199362934918.14$11,410
Feb 199351431717.90$9,201
Jan 199366028816.93$11,174

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                  156 bbl  × $106.41 =    $16,600
Casinghead gas         0 Mcf  × $  3.05 =         $0

────────────────────────────────────────────────────
Month total                                  $16,600

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/7550 is the state's own key, not one this site invented.