ELDER, W. W.

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 7954District 6EField 27302001OilCasinghead gasSaveExport
Value, all time
$7.4 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
OilDisposition166,295 bbl$6,915,598
Casinghead gasProduction124,231 Mcf$436,252
Total$7,351,851

20,080 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 20262440106.413.05$25,964
Apr 202617019798.932.87$17,383
Mar 202624220689.753.15$22,368
Feb 202626415663.503.75$17,349
Jan 20262521659.138.00$15,029
Dec 202525915556.664.41$15,359
Nov 202526616158.593.93$16,217
Oct 202517418159.383.30$10,930
Sep 202525321262.743.08$16,526
Aug 202525221563.933.01$16,759
Jul 202525528566.743.32$17,964
Jun 202526329166.483.13$18,395
May 202536029960.553.23$22,764
Apr 202518127462.363.54$12,258
Mar 202518423667.704.27$13,464
Feb 202532419870.884.34$23,825
Jan 202535111574.324.28$26,578
Dec 202431623368.993.12$22,528
Nov 2024024469.052.20$536
Oct 202433326271.372.28$24,364
Sep 202416523669.612.36$12,044
Aug 202430724575.632.06$23,724
Jul 202432525579.932.15$26,525
Jun 202417922978.082.63$14,580
May 202416123778.812.20$13,209
Apr 202417222884.451.66$14,904
Mar 202416526780.301.55$13,662
Feb 202417519076.091.78$13,655
Jan 202419018973.023.30$14,497
Dec 202314119171.262.61$10,546
Nov 2023168077.892.81$13,086
Oct 2023020385.443.09$627
Sep 202316521289.042.74$15,271
Aug 202314722680.522.67$12,441
Jul 202316119874.852.64$12,574
Jun 2023018268.962.26$411
May 202317014070.622.23$12,317
Apr 202315120578.122.24$12,255
Mar 202316918672.852.39$12,757
Feb 2023193075.112.47$14,496
Jan 2023015676.533.39$528
Dec 202216615076.415.73$13,543
Nov 202216422585.005.65$15,210
Oct 202232215987.185.86$29,004
Sep 202218611684.888.16$16,735
Aug 202215923894.529.13$17,201
Jul 2022164247101.587.54$18,522
Jun 202215784115.097.98$18,739
May 2022183182109.378.43$21,550
Apr 2022170182104.226.84$18,962
Mar 2022167242108.885.08$19,411
Feb 202236823391.054.86$34,639
Jan 202217025381.844.54$15,061
Dec 202118520471.323.90$13,990
Nov 202116423377.435.24$13,919
Oct 202116625779.795.71$14,714
Sep 202134830369.865.35$25,933
Aug 202113133466.024.22$10,058
Jul 202116129270.783.98$12,558
Jun 202117530269.493.38$13,182
May 202135223063.483.02$23,039
Apr 2021019760.362.76$543
Mar 202135328961.302.72$22,424
Feb 202117014257.805.55$10,614
Jan 202133129550.412.81$17,515
Dec 202019027844.642.68$9,225
Nov 202017221838.772.71$7,258
Oct 202017410136.972.48$6,683
Sep 2020016937.091.99$336
Aug 202016919939.982.39$7,231
Jul 202017319538.371.83$6,994
Jun 202036119934.901.69$12,935
May 2020010316.921.81$187
Apr 202018217114.751.80$2,993
Mar 202032232530.341.86$10,373
Feb 202016526049.881.98$8,745
Jan 202017519657.252.09$10,429
Dec 201933525559.012.30$20,356
Nov 201917423355.302.75$10,263
Oct 201918020553.472.42$10,120
Sep 201933727055.052.66$19,269
Aug 201916621753.112.30$9,316
Jul 201917821356.272.46$10,540
Jun 2019179052.782.49$9,448
May 201916221858.482.74$10,071
Apr 2019020262.632.75$556
Mar 201917416856.803.06$10,398
Feb 201912918250.852.79$7,068
Jan 201931216546.033.23$14,894
Dec 2018179046.594.19$8,340
Nov 2018172052.934.24$9,104
Oct 201834724661.443.40$22,156
Sep 201817324659.543.11$11,065
Aug 201833226659.403.07$20,537
Jul 201816526865.142.93$11,534
Jun 201816426260.183.08$10,676
May 201833725365.382.90$22,767
Apr 201817522663.842.90$11,828
Mar 201834731561.222.79$22,121
Feb 201819330961.782.77$12,778
Jan 201817634262.874.01$12,436
Dec 20171802257.272.92$10,373
Nov 201734936455.423.12$20,477
Oct 201716539749.292.98$9,317
Sep 201735737847.523.09$18,132
Aug 201717343445.373.00$9,153
Jul 201717141243.873.09$8,774
Jun 201718638442.493.09$9,089
May 201733740945.373.26$16,624
Apr 201733739947.933.21$17,434
Mar 201717541846.772.98$9,432
Feb 201732034450.452.95$17,160
Jan 201732638449.413.42$17,420
Dec 201618633848.763.72$10,328
Nov 201632125442.492.64$14,311
Oct 201634733846.193.09$17,072
Sep 201618025541.553.10$8,270
Aug 201615327441.442.92$7,142
Jul 201616527541.622.92$7,671
Jun 201634928345.352.69$16,587
May 201617430942.521.99$8,014
Apr 201636229736.561.99$13,826
Mar 201619130833.011.79$6,857
Feb 201636524426.472.06$10,165
Jan 201617528727.352.36$5,465
Dec 201537528432.362.00$12,703
Nov 201519228438.792.17$8,063
Oct 201535031443.552.43$16,004
Sep 201535431642.992.76$16,090
Aug 201516834240.162.87$7,729
Jul 201533432448.152.95$17,036
Jun 201530433056.152.88$18,021
May 201531230855.212.96$18,136
Apr 201513323449.822.71$7,259
Mar 201532936242.892.93$15,173
Feb 201527223644.662.98$12,850
Jan 201517755043.433.10$9,392
Dec 201434032254.693.59$19,751
Nov 201435229270.464.25$26,043
Oct 201413229678.303.90$11,490
Sep 201431933786.164.05$28,848
Aug 201427835689.394.04$26,287
Jul 201416742096.564.18$17,881
Jun 201423833398.164.74$24,939
May 201425831794.734.73$25,939
Apr 201414325495.944.81$14,941
Mar 201426024495.895.06$26,165
Feb 201418627397.406.19$19,807
Jan 201417330390.404.86$17,112
Dec 201329128691.824.35$27,965
Nov 201317530388.853.74$16,681
Oct 201335636097.423.78$36,042
Sep 2013176309104.113.72$19,472
Aug 2013168309104.253.52$18,602
Jul 2013312308102.523.72$33,131
Jun 201313128394.403.93$13,480
May 201329732794.834.15$29,521
Apr 201335560093.964.28$35,925
Mar 201317534593.623.91$17,733
Feb 201330435891.233.42$28,958
Jan 201334833691.603.42$33,026
Dec 201248740486.773.42$43,639
Nov 201235231586.953.62$31,748
Oct 201233842889.383.40$31,666
Sep 201235644194.672.92$34,990
Aug 201233747792.662.91$32,614
Jul 201252845985.133.02$46,335
Jun 201233545479.822.52$27,883
May 201248146591.612.49$45,221
Apr 2012448449101.652.00$46,436
Mar 2012526457105.052.22$56,272
Feb 2012443406101.102.57$45,831
Jan 201235143398.092.73$35,613
Dec 201148343696.873.24$48,201
Nov 201152643395.723.31$51,783
Oct 201135047384.983.65$31,469
Sep 201143245983.623.99$37,953
Aug 201149749583.404.15$43,504
Jul 201143650994.144.52$43,344
Jun 201154844992.904.64$52,993
May 201149349498.134.40$50,554
Apr 2011539218105.964.33$58,057
Mar 201131922396.364.06$31,644
Feb 201127520885.644.18$24,420
Jan 201114626486.504.59$13,840
Dec 201033325985.734.35$29,674
Nov 201027131780.843.80$23,111
Oct 201015734878.103.51$13,483
Sep 201029633772.633.98$22,840
Aug 201030038273.684.42$23,792
Jul 201021036272.554.74$16,950
Jun 201030835670.364.91$23,419
May 201034035171.124.24$25,667
Apr 201017826181.694.12$15,617
Mar 201032516378.394.39$26,192
Feb 201018127173.585.44$14,793
Jan 201035229374.365.96$27,922
Dec 200918828571.445.48$14,994
Nov 200933431074.593.75$26,076
Oct 200937622472.544.11$28,196
Sep 200916023665.543.06$11,210
Aug 200933323267.423.22$23,198
Jul 200905061.133.46$173
Jun 20091552366.163.90$10,344
May 20091451654.743.93$8,000
Apr 200903046.773.59$108
Mar 2009354042.144.06$14,918
Feb 20091599632.814.63$5,662
Jan 200931512335.865.37$11,957
Dec 200818018237.105.98$7,766
Nov 200834318955.496.86$20,330
Oct 200817720675.246.92$14,743
Sep 2008285188101.767.88$30,482
Aug 2008359286114.228.48$43,431
Jul 2008187279131.0811.39$27,690
Jun 2008333262131.3313.03$47,147
May 2008331241123.1711.57$43,559
Apr 2008182235110.3110.45$22,533
Mar 2008348248101.909.66$37,858
Feb 200818924492.538.77$19,628
Jan 200835625290.388.21$34,243
Dec 200733625288.337.30$31,519
Nov 200732325491.677.29$31,462
Oct 200718726082.856.92$17,293
Sep 200735427175.846.24$28,540
Aug 200716418269.066.39$12,488
Jul 200735826270.906.39$27,056
Jun 200736725862.007.55$24,702
May 200733525358.747.85$21,663
Apr 200737025359.617.81$24,030
Mar 200717820956.927.30$11,658
Feb 200733417855.108.22$19,866
Jan 200736024450.306.73$19,749
Dec 200631930156.656.92$20,154
Nov 200668837654.207.62$40,154
Oct 200670753354.906.01$42,020
Sep 20061,05349260.085.04$65,743
Aug 200634828768.717.34$26,018
Jul 200647430169.376.34$34,791
Jun 200618322966.286.38$13,591
May 200633220966.016.42$23,258
Apr 200635222764.397.36$24,336
Mar 200636024456.707.08$22,140
Feb 200628215557.597.75$17,442
Jan 200650727860.598.93$33,203
Dec 200536431454.9413.42$24,211
Nov 200554236954.6910.59$33,549
Oct 200568534858.3413.80$44,764
Sep 200551631861.4512.08$35,549
Aug 200545034861.519.80$31,089
Jul 200568243355.697.84$41,377
Jun 200549840052.337.38$29,013
May 200552641145.226.65$26,519
Apr 200553140149.207.36$29,077
Mar 200568345050.377.15$37,622
Feb 200571041345.226.31$34,713
Jan 200553420843.166.32$24,362
Dec 200450429239.866.75$22,061
Nov 200432622845.286.33$16,205
Oct 200454036749.706.52$29,229
Sep 200454536743.245.28$25,505
Aug 200455343642.375.55$25,851
Jul 200472850338.286.08$30,928
Jun 200454041536.106.43$22,164
May 200452933137.486.49$21,977
Apr 200490931134.475.86$33,155
Mar 200437140934.365.53$15,009
Feb 200452127132.455.51$18,400
Jan 200455525032.036.30$19,352
Dec 200354845230.266.30$19,431
Nov 20034967628.804.60$14,634
Oct 200367238728.174.76$20,772
Sep 200347041226.314.75$14,322
Aug 200372442129.765.13$23,706
Jul 200353945729.415.17$18,215
Jun 200368242928.565.98$22,045
May 200354039326.595.97$16,706
Apr 200371643326.675.41$21,437
Mar 200355036831.146.10$19,370
Feb 200356734233.487.93$21,694
Jan 200372339830.315.58$24,136
Dec 200250636326.914.85$15,378
Nov 200266439224.664.14$17,996
Oct 200271743826.464.23$20,824
Sep 200253036727.443.64$15,877
Aug 200244233125.963.16$12,522
Jul 200270840024.583.06$18,627
Jun 200250238023.733.34$13,181
May 200269141224.663.58$18,517
Apr 200250334923.653.51$13,122
Mar 200254139422.003.10$13,124
Feb 200281633918.222.38$15,673
Jan 200234431517.172.38$6,655
Dec 200188128916.932.36$15,599
Nov 200152731318.072.41$10,276
Oct 200133734319.782.53$7,533
Sep 200153621124.262.25$13,478
Aug 200149038324.873.05$13,356
Jul 200166645723.933.20$17,398
Jun 200153235424.563.82$14,420
May 200188745325.524.31$24,587
Apr 200135129524.685.34$10,237
Mar 200179831324.545.38$21,266
Feb 200148742527.755.77$15,965
Jan 200150114527.478.40$14,980
Dec 200055836926.889.12$18,365
Nov 200086643232.215.66$30,338
Oct 200054733331.235.15$18,796
Sep 200034133531.875.19$12,605
Aug 200068836829.644.54$22,063
Jul 200053040028.534.09$16,757
Jun 200035837529.304.40$12,138
May 200079736727.263.68$23,077
Apr 200036038724.513.12$10,029
Mar 200070039228.422.86$21,015
Feb 200072837027.622.73$21,116
Jan 200073837225.272.48$19,572
Dec 19991,09337224.282.42$27,440
Nov 199953136023.192.43$13,190
Oct 199935231120.982.80$8,257
Sep 199953330621.752.62$12,394
Aug 199936632619.262.88$7,987
Jul 199950332017.892.37$9,758
Jun 199954231215.942.36$9,376
May 199934625415.792.32$6,053
Apr 199950122715.102.21$8,066
Mar 199946428212.471.84$6,304
Feb 19993552759.981.82$4,043
Jan 199936025810.381.90$4,227
Dec 19986614079.201.77$6,803
Nov 199853537910.892.19$6,655
Oct 199871143612.421.97$9,689
Sep 199867843612.592.08$9,444
Aug 199871345311.301.91$8,921
Jul 199870943911.742.24$9,306
Jun 199852442211.242.24$6,834
May 199870445912.622.21$9,897
Apr 199851640113.042.51$7,733
Mar 199871843112.802.31$10,186
Feb 199889137113.952.30$13,282
Jan 199853442714.702.15$8,770
Dec 199771136816.322.41$12,491
Nov 199771838818.193.09$14,259
Oct 199772441019.253.15$15,228
Sep 199769344117.742.95$13,597
Aug 199789234217.862.55$16,805
Jul 199753447517.582.25$10,455
Jun 199755337817.242.26$10,387
May 199773445418.972.31$14,972
Apr 199782730217.882.08$15,416
Mar 199752532518.951.94$10,579
Feb 199763327920.492.21$13,586
Jan 199786137223.483.54$21,533
Dec 199671539823.32$16,674
Nov 199670138521.97$15,401
Oct 199686941723.31$20,256
Sep 199669536422.22$15,443
Aug 199671434020.26$14,466
Jul 199686834519.55$16,969
Jun 199669333918.73$12,980
May 199674235019.43$14,417
Apr 199690140521.51$19,381
Mar 199671340619.38$13,818
Feb 199673141416.98$12,412
Jan 199685240017.07$14,544
Dec 199586340717.19$14,835
Nov 199553744316.00$8,592
Oct 199584443915.43$13,023
Sep 199573243816.18$11,844
Aug 199578347515.92$12,465
Jul 199580847015.24$12,314
Jun 199574444416.41$12,209
May 199585543117.56$15,014
Apr 199569640217.73$12,340
Mar 199589238216.44$14,664
Feb 199567735516.58$11,225
Jan 199590236715.92$14,360
Dec 199471738615.03$10,777
Nov 199483538315.90$13,277
Oct 199469838615.58$10,875
Sep 199481939815.29$12,523
Aug 199487538616.13$14,114
Jul 199472732717.56$12,766
Jun 199499734517.09$17,039
May 199472736115.88$11,545
Apr 199489539314.14$12,655
Mar 199470041512.46$8,722
Feb 199471434212.50$8,925
Jan 199473743012.66$9,330
Dec 199383143612.33$10,246
Nov 199390445814.49$13,099
Oct 199380651315.85$12,775
Sep 199389350415.03$13,422
Aug 199380054615.66$12,528
Jul 199393455415.46$14,440
Jun 199389450916.79$15,010
May 199383050317.68$14,674
Apr 199393348018.05$16,841
Mar 199390749118.14$16,453
Feb 199374342817.90$13,300
Jan 199392749016.93$15,694

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                  244 bbl  × $106.41 =    $25,964
Casinghead gas         0 Mcf  × $  3.05 =         $0

────────────────────────────────────────────────────
Month total                                  $25,964

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/7954 is the state's own key, not one this site invented.