ORMS, L. 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 7588District 6EField 27302001OilCasinghead gasSaveExport
Value, all time
$20.0 M
Jan 1993 – May 2026
Value, last 12 filed months
$412 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
OilDisposition654,214 bbl$19,335,616
Casinghead gasProduction315,984 Mcf$701,131
Total$20,036,747

150,142 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 20266870106.413.05$73,104
Apr 202634232098.932.87$34,752
Mar 202635430189.753.15$32,719
Feb 202653327363.503.75$34,869
Jan 202635329259.138.00$23,208
Dec 202555032356.664.41$32,589
Nov 202534733658.593.93$21,650
Oct 202553537159.383.30$32,994
Sep 202552737662.743.08$34,221
Aug 202553640163.933.01$35,475
Jul 202533641166.743.32$23,787
Jun 202546839566.483.13$32,348
May 202570340260.553.23$43,866
Apr 202535437862.363.54$23,415
Mar 202533324767.704.27$23,598
Feb 202550934470.884.34$37,571
Jan 202570844374.324.28$54,514
Dec 202470248768.993.12$49,951
Nov 202486651369.052.20$60,925
Oct 202450418171.372.28$36,383
Sep 20243626569.612.36$25,353
Aug 20245289775.632.06$40,133
Jul 202433726679.932.15$27,507
Jun 202448123478.082.63$38,173
May 2024347078.812.20$27,347
Apr 202436821784.451.66$31,438
Mar 202434820480.301.55$28,260
Feb 202419325176.091.78$15,133
Jan 2024355073.023.30$25,922
Dec 202352528671.262.61$38,158
Nov 2023346077.892.81$26,950
Oct 202335229785.443.09$30,992
Sep 202337526289.042.74$34,107
Aug 202334234680.522.67$28,463
Jul 202351635774.852.64$39,566
Jun 202332937168.962.26$23,526
May 202367922470.622.23$48,450
Apr 202333136878.122.24$26,681
Mar 202387511872.852.39$64,026
Feb 2023150075.112.47$11,267
Jan 20231639876.533.39$12,806
Dec 202216412976.415.73$13,270
Nov 202218415085.005.65$16,487
Oct 202217913887.185.86$16,414
Sep 202217216984.888.16$15,979
Aug 202216818294.529.13$17,541
Jul 2022382176101.587.54$40,131
Jun 2022173208115.097.98$21,570
May 2022165203109.378.43$19,758
Apr 2022193203104.226.84$21,502
Mar 2022171130108.885.08$19,278
Feb 20221825991.054.86$16,858
Jan 20221672981.844.54$13,799
Dec 202103271.323.90$125
Nov 20211612777.435.24$12,608
Oct 20213786279.795.71$30,515
Sep 202104869.865.35$257
Aug 202117320066.024.22$12,266
Jul 202136134270.783.98$26,913
Jun 202118829369.493.38$14,055
May 202149029363.483.02$31,989
Apr 20211919860.362.76$11,799
Mar 202117416361.302.72$11,109
Feb 202133612157.805.55$20,092
Jan 202117715250.412.81$9,350
Dec 202034218444.642.68$15,759
Nov 202034020838.772.71$13,745
Oct 202032323936.972.48$12,534
Sep 202053032237.091.99$20,299
Aug 202035716939.982.39$14,676
Jul 202018724938.371.83$7,630
Jun 202033921734.901.69$12,198
May 202036824116.921.81$6,664
Apr 202055525214.751.80$8,641
Mar 202052034830.341.86$16,423
Feb 202052933949.881.98$27,058
Jan 202051436357.252.09$30,187
Dec 201951937659.012.30$31,493
Nov 201951834155.302.75$29,583
Oct 201952636553.472.42$29,008
Sep 201950838355.052.66$28,983
Aug 201951340453.112.30$28,176
Jul 201954639156.272.46$31,685
Jun 2019335052.782.49$17,681
May 201951329358.482.74$30,803
Apr 201952234462.632.75$33,639
Mar 201935634156.803.06$21,265
Feb 201952830250.852.79$27,692
Jan 201953534246.033.23$25,730
Dec 2018526046.594.19$24,506
Nov 2018525052.934.24$27,788
Oct 201852735661.443.40$33,589
Sep 201835535659.543.11$22,243
Aug 201851042159.403.07$31,585
Jul 201835131865.142.93$23,796
Jun 201834734760.183.08$21,950
May 201835229765.382.90$23,875
Apr 201835930263.842.90$23,795
Mar 201834731561.222.79$22,121
Feb 201835730761.782.77$22,905
Jan 201834430762.874.01$22,858
Dec 201736133157.272.92$21,641
Nov 201736234855.423.12$21,147
Oct 201734237249.292.98$17,967
Sep 201734935747.523.09$17,687
Aug 201735037245.373.00$16,997
Jul 201735038043.873.09$16,528
Jun 201734832642.493.09$15,793
May 201735138745.373.26$17,188
Apr 201752837847.933.21$26,521
Mar 201735841546.772.98$17,982
Feb 201735540850.452.95$19,114
Jan 201750245249.413.42$26,349
Dec 201652944848.763.72$27,462
Nov 201651742842.492.64$23,099
Oct 201653343546.193.09$25,964
Sep 201634544441.553.10$15,711
Aug 201651244941.442.92$22,530
Jul 201634442941.622.92$15,572
Jun 201653140245.352.69$25,161
May 201635043542.521.99$15,748
Apr 201650737136.561.99$19,275
Mar 201652231933.011.79$17,804
Feb 201634725126.472.06$9,703
Jan 201672438827.352.36$20,719
Dec 201553839732.362.00$18,204
Nov 201554434538.792.17$21,849
Oct 201554442443.552.43$24,720
Sep 201554247542.992.76$24,611
Aug 201571750940.162.87$30,257
Jul 201553648848.152.95$27,246
Jun 201569240156.152.88$40,012
May 201553343455.212.96$30,710
Apr 201575540949.822.71$38,721
Mar 201572343842.892.93$32,295
Feb 201555437144.662.98$25,846
Jan 201574038443.433.10$33,329
Dec 201472248554.693.59$41,228
Nov 201487447170.464.25$63,585
Oct 201455351478.303.90$45,305
Sep 201471456186.164.05$63,788
Aug 201471160889.394.04$66,010
Jul 201472054996.564.18$71,818
Jun 201455546698.164.74$56,686
May 201471152094.734.73$69,811
Apr 201470450995.944.81$69,990
Mar 201474336895.895.06$73,107
Feb 201454239597.406.19$55,237
Jan 201469544390.404.86$64,981
Dec 201384643491.824.35$79,570
Nov 201373644588.853.74$67,057
Oct 201370049697.423.78$70,069
Sep 2013708520104.113.72$75,643
Aug 2013888552104.253.52$94,518
Jul 2013897553102.523.72$94,016
Jun 201370952394.403.93$68,987
May 201369052494.834.15$67,607
Apr 201390850693.964.28$87,483
Mar 20131,25652093.623.91$119,621
Feb 201351339791.233.42$48,159
Jan 201390343991.603.42$84,216
Dec 201267147686.773.42$59,851
Nov 201270142286.953.62$62,482
Oct 201268846989.383.40$63,088
Sep 201271553094.672.92$69,236
Aug 201289756892.662.91$84,768
Jul 201282057185.133.02$71,531
Jun 201269855179.822.52$57,102
May 201271447491.612.49$66,589
Apr 2012681467101.652.00$70,156
Mar 2012711412105.052.22$75,606
Feb 2012537512101.102.57$55,607
Jan 201288250198.092.73$87,885
Dec 201171347996.873.24$70,620
Nov 201172147895.723.31$70,597
Oct 201190355984.983.65$78,776
Sep 201170857183.623.99$61,479
Aug 201170360383.404.15$61,132
Jul 201187360494.144.52$84,913
Jun 201170258892.904.64$67,944
May 201189656098.134.40$90,391
Apr 2011729516105.964.33$79,481
Mar 201171852996.364.06$71,333
Feb 201173245085.644.18$64,569
Jan 201174545186.504.59$66,512
Dec 201090451385.734.35$79,730
Nov 201073849380.843.80$61,531
Oct 201072955078.103.51$58,865
Sep 201072455472.633.98$54,789
Aug 201072858573.684.42$56,224
Jul 201092154772.554.74$69,409
Jun 201054852470.364.91$41,130
May 201089357771.124.24$65,954
Apr 201072051181.694.12$60,923
Mar 201089451878.394.39$72,354
Feb 201056940373.585.44$44,060
Jan 201072851074.365.96$57,176
Dec 200973643471.445.48$54,960
Nov 200972150574.593.75$55,674
Oct 200974651172.544.11$56,215
Sep 200975052765.543.06$50,770
Aug 200974755067.423.22$52,133
Jul 200992161461.133.46$58,428
Jun 200971657566.163.90$49,610
May 200975839454.743.93$43,040
Apr 200974141046.773.59$36,127
Mar 200956041742.144.06$25,291
Feb 200973238732.814.63$25,810
Jan 200955542735.865.37$22,196
Dec 200871242337.105.98$28,944
Nov 200873141855.496.86$43,431
Oct 200873244775.246.92$58,170
Sep 2008531377101.767.88$57,004
Aug 2008711467114.228.48$85,172
Jul 2008711478131.0811.39$98,642
Jun 2008533459131.3313.03$75,981
May 2008729466123.1711.57$95,185
Apr 2008710444110.3110.45$82,962
Mar 2008564438101.909.66$61,704
Feb 200874740092.538.77$72,628
Jan 200870341690.388.21$66,951
Dec 200772541888.337.30$67,091
Nov 200753442891.677.29$52,073
Oct 200772445482.856.92$63,126
Sep 200771545775.846.24$57,079
Aug 200769749069.066.39$51,265
Jul 200772846570.906.39$54,586
Jun 200769245062.007.55$46,301
May 200782748458.747.85$52,376
Apr 200769445359.617.81$44,905
Mar 200773548256.927.30$45,356
Feb 200773740955.108.22$43,969
Jan 200771144350.306.73$38,743
Dec 200691546756.656.92$55,066
Nov 200672345354.207.62$42,637
Oct 200669949654.906.01$41,358
Sep 200672955860.085.04$46,609
Aug 200671464568.717.34$53,793
Jul 200688470269.376.34$65,776
Jun 200690066466.286.38$63,891
May 200671968166.016.42$51,837
Apr 200688061764.397.36$61,205
Mar 200670264056.707.08$44,336
Feb 200686848657.597.75$53,755
Jan 200691557560.598.93$60,577
Dec 200571653554.9413.42$46,514
Nov 200590151954.6910.59$54,771
Oct 200572157558.3413.80$49,996
Sep 200573657061.4512.08$52,112
Aug 200571462561.519.80$50,041
Jul 200591163655.697.84$55,722
Jun 200573160252.337.38$42,697
May 200574556945.226.65$37,473
Apr 200586649749.207.36$46,265
Mar 200572953350.377.15$40,533
Feb 200572151645.226.31$35,861
Jan 200571651643.166.32$34,165
Dec 200473445939.866.75$32,356
Nov 200454749245.286.33$27,883
Oct 200474059149.706.52$40,628
Sep 200473662943.245.28$35,148
Aug 200490665542.375.55$42,023
Jul 200474066138.286.08$32,349
Jun 200473553636.106.43$29,982
May 200474265337.486.49$32,051
Apr 200492558334.475.86$35,300
Mar 200471556234.365.53$27,675
Feb 200474150332.455.51$26,817
Jan 200474852632.036.30$27,272
Dec 200393656530.266.30$31,884
Nov 200374256428.804.60$23,961
Oct 200392763128.174.76$29,117
Sep 200373362326.314.75$22,244
Aug 200392262229.765.13$30,629
Jul 200373668929.415.17$25,208
Jun 200392966628.565.98$30,517
May 200392360926.595.97$28,180
Apr 200373449526.675.41$22,252
Mar 20031,11249031.146.10$37,615
Feb 200374744433.487.93$28,529
Jan 200393144230.315.58$30,686
Dec 200294042826.914.85$27,373
Nov 200294943624.664.14$25,206
Oct 200293046426.464.23$26,570
Sep 200292853227.443.64$27,398
Aug 200292358825.963.16$25,822
Jul 20021,17351324.583.06$30,403
Jun 200292453523.733.34$23,712
May 200291651824.663.58$24,445
Apr 200296950123.653.51$24,677
Mar 20021,02647622.003.10$24,049
Feb 200294441518.222.38$18,186
Jan 20021,06452217.172.38$19,509
Dec 20011,01853316.932.36$18,495
Nov 20011,02653418.072.41$19,824
Oct 20011,07059219.782.53$22,662
Sep 20011,08159724.262.25$27,569
Aug 20011,08965024.873.05$29,068
Jul 20011,07670723.933.20$28,009
Jun 20011,12465024.563.82$30,091
May 20011,07668725.524.31$30,419
Apr 20011,14163724.685.34$31,558
Mar 20011,19959524.545.38$32,622
Feb 20011,10153927.755.77$33,661
Jan 20011,18554327.478.40$37,112
Dec 20001,06848026.889.12$33,087
Nov 20001,12978332.215.66$40,795
Oct 20001,14391731.235.15$40,414
Sep 200099892131.875.19$36,583
Aug 20001,14496629.644.54$38,295
Jul 20001,08699928.534.09$35,069
Jun 20001,15493329.304.40$37,915
May 20001,34799927.263.68$40,395
Apr 20001,307024.513.12$32,035
Mar 20001,42673428.422.86$42,626
Feb 20001,34675827.622.73$39,243
Jan 20001,47482925.272.48$39,304
Dec 19991,52169424.282.42$38,612
Nov 19991,53783223.192.43$37,668
Oct 19991,64177220.982.80$36,593
Sep 19991,5691,01021.752.62$36,771
Aug 19991,53685819.262.88$32,051
Jul 19991,75083317.892.37$33,284
Jun 19991,6391,01815.942.36$28,530
May 19991,58338215.792.32$25,882
Apr 19991,71032015.102.21$26,528
Mar 19991,92343912.471.84$24,787
Feb 19991,6783189.981.82$17,325
Jan 19991,89335810.381.90$20,330
Dec 19981,8772559.201.77$17,721
Nov 19982,01050810.892.19$22,999
Oct 19982,12065512.421.97$27,620
Sep 19982,13275312.592.08$28,410
Aug 19982,34090311.301.91$28,164
Jul 19982,35588111.742.24$29,619
Jun 19982,55994711.242.24$30,882
May 19982,50691112.622.21$33,636
Apr 19982,49984713.042.51$34,709
Mar 19982,7721,35512.802.31$38,611
Feb 19982,59342613.952.30$37,152
Jan 19982,89442014.702.15$43,447
Dec 19972,95050016.322.41$49,350
Nov 19972,95648618.193.09$55,271
Oct 19973,10888919.253.15$62,629
Sep 19973,046017.742.95$54,036
Aug 19973,4601,16417.862.55$64,769
Jul 19973,1961,28317.582.25$59,069
Jun 19973,0821,61117.242.26$56,770
May 19973,3051,54618.972.31$66,265
Apr 19973,6811,59217.882.08$69,132
Mar 19973,8751,35518.951.94$76,059
Feb 19973,5431,29620.492.21$75,455
Jan 19973,8451,50523.483.54$95,608
Dec 19964,2282,07123.32$98,597
Nov 19964,2151,95421.97$92,604
Oct 19964,6112,16423.31$107,482
Sep 19964,4982,00822.22$99,946
Aug 19964,9582,39720.26$100,449
Jul 19965,1642,39919.55$100,956
Jun 19965,2172,28518.73$97,714
May 19964,8371,91119.43$93,983
Apr 19965,2442,13521.51$112,798
Mar 19965,6122,14919.38$108,761
Feb 19965,6412,14716.98$95,784
Jan 19966,1912,27117.07$105,680
Dec 19956,6632,78717.19$114,537
Nov 19956,4573,05316.00$103,312
Oct 19956,7583,09115.43$104,276
Sep 19956,3193,06916.18$102,241
Aug 19957,0363,46015.92$112,013
Jul 19957,2523,80815.24$110,520
Jun 19957,7653,62916.41$127,424
May 19958,5103,95817.56$149,436
Apr 19958,6984,24917.73$154,216
Mar 19959,7104,16616.44$159,632
Feb 19959,1744,15716.58$152,105
Jan 199510,1324,75115.92$161,301
Dec 19949,3823,70315.03$141,011
Nov 19949,8284,12715.90$156,265
Oct 199410,0993,39115.58$157,342
Sep 19949,2433,12915.29$141,325
Aug 199410,0603,06016.13$162,268
Jul 19949,7583,40217.56$171,350
Jun 19949,5523,86317.09$163,244
May 19949,5983,67115.88$152,416
Apr 19949,1113,48014.14$128,830
Mar 19948,3063,12912.46$103,493
Feb 19947,2552,86012.50$90,688
Jan 19948,2133,14512.66$103,977
Dec 19938,0983,42112.33$99,848
Nov 19937,7253,31714.49$111,935
Oct 19937,5513,28915.85$119,683
Sep 19938,3803,58815.03$125,951
Aug 19938,2713,61015.66$129,524
Jul 19937,8433,51915.46$121,253
Jun 19938,2903,48016.79$139,189
May 19937,8743,33917.68$139,212
Apr 19937,8482,95018.05$141,656
Mar 19938,1392,72818.14$147,641
Feb 19937,0572,54317.90$126,320
Jan 19938,2253,32916.93$139,249

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                  687 bbl  × $106.41 =    $73,104
Casinghead gas         0 Mcf  × $  3.05 =         $0

────────────────────────────────────────────────────
Month total                                  $73,104

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/7588 is the state's own key, not one this site invented.