KING, A. N. & V.

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 7971District 6EField 27302001OilCasinghead gasSaveExport
Value, all time
$16.5 M
Jan 1993 – May 2026
Value, last 12 filed months
$575 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
OilDisposition451,634 bbl$15,664,309
Casinghead gasProduction290,716 Mcf$796,847
Total$16,461,156

87,853 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 20266960106.413.05$74,061
Apr 202652691898.932.87$54,672
Mar 202669081689.753.15$64,497
Feb 202669270263.503.75$46,575
Jan 202653373059.138.00$37,355
Dec 202551273356.664.41$32,245
Nov 202570266258.593.93$43,729
Oct 202553868559.383.30$34,210
Sep 202564429062.743.08$41,297
Aug 202554856563.933.01$36,737
Jul 202588355066.743.32$60,755
Jun 202570162266.483.13$48,549
May 202569264960.553.23$43,998
Apr 202553858962.363.54$35,637
Mar 202573042367.704.27$51,227
Feb 202553916270.884.34$38,908
Jan 202556926774.324.28$43,430
Dec 202429234968.993.12$21,234
Nov 202449372469.052.20$35,633
Oct 202473376671.372.28$54,062
Sep 202432859969.612.36$24,248
Aug 202448860475.632.06$38,154
Jul 202437186079.932.15$31,500
Jun 202467971278.082.63$54,892
May 202454665378.812.20$44,466
Apr 202472749784.451.66$62,220
Mar 202457820980.301.55$46,736
Feb 202435911076.091.78$27,513
Jan 202451116873.023.30$37,867
Dec 202357246771.262.61$41,980
Nov 2023560077.892.81$43,618
Oct 202351554585.443.09$45,684
Sep 202337353689.042.74$34,678
Aug 202370555480.522.67$58,247
Jul 202338186874.852.64$30,811
Jun 20236951,19468.962.26$50,624
May 20237051,16270.622.23$52,375
Apr 20237121,32478.122.24$58,584
Mar 20239691,12372.852.39$73,279
Feb 2023386075.112.47$28,992
Jan 20235151,05676.533.39$42,990
Dec 20226881,18976.415.73$59,382
Nov 20225441,11085.005.65$52,507
Oct 202257660387.185.86$53,752
Sep 202251557384.888.16$48,391
Aug 202275363594.529.13$76,969
Jul 2022554720101.587.54$61,706
Jun 2022496553115.097.98$61,496
May 2022684685109.378.43$80,586
Apr 2022559685104.226.84$62,943
Mar 2022532779108.885.08$61,879
Feb 202256256591.054.86$53,915
Jan 202254757481.844.54$47,371
Dec 202153575271.323.90$41,088
Nov 202149759677.435.24$41,604
Oct 202136063479.795.71$32,347
Sep 202151859769.865.35$39,382
Aug 202148950166.024.22$34,398
Jul 202135354070.783.98$27,136
Jun 202134642469.493.38$25,477
May 202136242263.483.02$24,253
Apr 202135540960.362.76$22,556
Mar 202135638661.302.72$22,872
Feb 202115927157.805.55$10,694
Jan 202133242650.412.81$17,933
Dec 202035449244.642.68$17,119
Nov 202054143638.772.71$22,155
Oct 202033747736.972.48$13,641
Sep 202050749937.091.99$19,798
Aug 202053956039.982.39$22,885
Jul 202037552238.371.83$15,341
Jun 202037853134.901.69$14,090
May 202037646716.921.81$7,209
Apr 202053535314.751.80$8,528
Mar 202037240830.341.86$12,044
Feb 202050845749.881.98$26,244
Jan 202037343857.252.09$22,272
Dec 201946848159.012.30$28,725
Nov 201954052855.302.75$31,314
Oct 201952960553.472.42$29,749
Sep 201934548455.052.66$20,278
Aug 201933143253.112.30$18,575
Jul 201935038056.272.46$20,629
Jun 2019365052.782.49$19,265
May 201918741658.482.74$12,076
Apr 201934041162.632.75$22,425
Mar 201955850756.803.06$33,247
Feb 201952136350.852.79$27,506
Jan 201917636446.033.23$9,276
Dec 2018369046.594.19$17,192
Nov 2018186052.934.24$9,845
Oct 201846346061.443.40$30,010
Sep 201853846159.543.11$33,465
Aug 201854654359.403.07$34,098
Jul 201854652665.142.93$37,109
Jun 201853756060.183.08$34,040
May 201852858165.382.90$36,206
Apr 201836439663.842.90$24,386
Mar 201837040861.222.79$23,788
Feb 201837222661.782.77$23,607
Jan 201835636562.874.01$23,845
Dec 20173721857.272.92$21,357
Nov 201718830655.423.12$11,373
Oct 201736930349.292.98$19,092
Sep 201717129647.523.09$9,040
Aug 201718727845.373.00$9,319
Jul 201736630943.873.09$17,010
Jun 201718323642.493.09$8,504
May 201737937445.373.26$18,416
Apr 201718733647.933.21$10,042
Mar 201737838446.772.98$18,825
Feb 201735331650.452.95$18,742
Jan 201737337849.413.42$19,722
Dec 201618629348.763.72$10,160
Nov 201637331242.492.64$16,674
Oct 201656132046.193.09$26,901
Sep 201637231441.553.10$16,430
Aug 201652341941.442.92$22,898
Jul 201636343241.622.92$16,371
Jun 201637844945.352.69$18,348
May 201652844842.521.99$23,343
Apr 201637139936.561.99$14,358
Mar 201653744733.011.79$18,528
Feb 201645242726.472.06$12,846
Jan 201651443327.352.36$15,082
Dec 201536442732.362.00$12,634
Nov 201553936538.792.17$21,699
Oct 201536543343.552.43$16,946
Sep 201554244242.992.76$24,520
Aug 201556144040.162.87$23,794
Jul 201554756448.152.95$27,999
Jun 201570527856.152.88$40,387
May 201555449455.212.96$32,046
Apr 201575048249.822.71$38,670
Mar 201555949542.892.93$25,428
Feb 201575041844.662.98$34,739
Jan 201575542943.433.10$34,120
Dec 201456536854.693.59$32,221
Nov 201473141470.464.25$53,267
Oct 201469739878.303.90$56,128
Sep 201489545386.164.05$78,946
Aug 201471653389.394.04$66,154
Jul 201451842096.564.18$51,774
Jun 201469148898.164.74$70,140
May 20141,10151494.734.73$106,727
Apr 201453041095.944.81$52,820
Mar 201454439295.895.06$54,146
Feb 201437434497.406.19$38,558
Jan 201455534490.404.86$51,844
Dec 201352331891.824.35$49,407
Nov 201356634488.853.74$51,575
Oct 201336343997.423.78$37,023
Sep 2013500473104.113.72$53,813
Aug 2013654433104.253.52$69,705
Jul 2013351456102.523.72$37,680
Jun 201351445494.403.93$50,307
May 201354841594.834.15$53,689
Apr 201355447193.964.28$54,071
Mar 201366645693.623.91$64,135
Feb 201350449991.233.42$47,686
Jan 201373045791.603.42$68,431
Dec 201251355386.773.42$46,404
Nov 201254548286.953.62$49,135
Oct 201264345289.383.40$59,008
Sep 201253849694.672.92$52,380
Aug 201267749692.662.91$64,173
Jul 201270251585.133.02$61,317
Jun 201252233679.822.52$42,512
May 201235229091.612.49$32,968
Apr 2012529371101.652.00$54,514
Mar 2012530415105.052.22$56,599
Feb 2012551386101.102.57$56,698
Jan 201252740698.092.73$52,803
Dec 201151538496.873.24$51,132
Nov 201172735495.723.31$70,761
Oct 201154135684.983.65$47,273
Sep 201171541183.623.99$61,426
Aug 201172751483.404.15$62,765
Jul 201155248894.144.52$54,170
Jun 201170046192.904.64$67,169
May 201168944898.134.40$69,585
Apr 2011500377105.964.33$54,614
Mar 201155537896.364.06$55,013
Feb 201170333285.644.18$61,593
Jan 201138036186.504.59$34,527
Dec 201055032285.734.35$48,551
Nov 201033829680.843.80$28,447
Oct 201034933978.103.51$28,446
Sep 201053132472.633.98$39,856
Aug 201036634173.684.42$28,474
Jul 201049035972.554.74$37,250
Jun 201036631170.364.91$27,279
May 201034828371.124.24$25,948
Apr 201061729681.694.12$51,623
Mar 201053529678.394.39$43,238
Feb 201019022073.585.44$15,178
Jan 20103586774.365.96$27,020
Dec 200952017171.445.48$38,087
Nov 200953135774.593.75$40,947
Oct 200952934372.544.11$39,783
Sep 200950734265.543.06$34,277
Aug 200953732567.423.22$37,251
Jul 200954129661.133.46$34,097
Jun 200937525666.163.90$25,807
May 200951123454.743.93$28,891
Apr 200956925546.773.59$27,527
Mar 200954827442.144.06$24,205
Feb 200936126332.814.63$13,063
Jan 200956130635.865.37$21,761
Dec 200856438237.105.98$23,208
Nov 200855342055.496.86$33,567
Oct 200871648775.246.92$57,243
Sep 2008655387101.767.88$69,701
Aug 2008707541114.228.48$85,343
Jul 2008556396131.0811.39$77,391
Jun 2008568442131.3313.03$80,356
May 2008815482123.1711.57$105,962
Apr 2008704397110.3110.45$81,809
Mar 2008536406101.909.66$58,542
Feb 200870836392.538.77$68,695
Jan 200874440590.388.21$70,566
Dec 200791643488.337.30$84,079
Nov 200771342791.677.29$68,474
Oct 200771943582.856.92$62,580
Sep 200771137575.846.24$56,264
Aug 200770241069.066.39$51,099
Jul 200752341870.906.39$39,751
Jun 200753836762.007.55$36,126
May 200771437358.747.85$44,867
Apr 200751427059.617.81$32,747
Mar 200770930856.927.30$42,605
Feb 200754230355.108.22$32,354
Jan 200753627250.306.73$28,791
Dec 200668125656.656.92$40,350
Nov 200655436854.207.62$32,830
Oct 200687542454.906.01$50,587
Sep 200667341560.085.04$42,524
Aug 200679949068.717.34$58,496
Jul 200669950969.376.34$51,718
Jun 200670751466.286.38$50,141
May 200690053166.016.42$62,821
Apr 200671445464.397.36$49,316
Mar 200682043756.707.08$49,589
Feb 200672638457.597.75$44,787
Jan 200673946560.598.93$48,930
Dec 200572845354.9413.42$46,074
Nov 200555547254.6910.59$35,351
Oct 200574351358.3413.80$50,424
Sep 200569143961.4512.08$47,765
Aug 200569951661.519.80$48,051
Jul 200553545555.697.84$33,363
Jun 200571042052.337.38$40,254
May 200555040845.226.65$27,585
Apr 200570644549.207.36$38,011
Mar 200586643950.377.15$46,761
Feb 200553543045.226.31$26,907
Jan 200591347043.166.32$42,377
Dec 200475446339.866.75$33,180
Nov 200471340645.286.33$34,855
Oct 200493447549.706.52$49,514
Sep 200471950743.245.28$33,769
Aug 200472449042.375.55$33,396
Jul 200493944138.286.08$38,628
Jun 200473736736.106.43$28,967
May 200475753737.486.49$31,860
Apr 200476337334.475.86$28,486
Mar 200490740734.365.53$33,415
Feb 200473642932.455.51$26,247
Jan 200474840132.036.30$26,485
Dec 200375740930.266.30$25,484
Nov 200392942028.804.60$28,685
Oct 200373848128.174.76$23,079
Sep 200373748626.314.75$21,699
Aug 200392348129.765.13$29,936
Jul 200391562029.415.17$30,116
Jun 200393858528.565.98$30,289
May 200391356826.595.97$27,669
Apr 200392754826.675.41$27,686
Mar 20031,08451331.146.10$36,883
Feb 200394750533.487.93$35,708
Jan 200354666030.315.58$20,233
Dec 20021,08391626.914.85$33,590
Nov 200271270224.664.14$20,462
Oct 20021,15094526.464.23$34,426
Sep 200294782027.443.64$28,967
Aug 20021,1461,05825.963.16$33,098
Jul 20021,0731,61524.583.06$31,319
Jun 20021,1451,62823.733.34$32,606
May 20021,1311,61224.663.58$33,668
Apr 20021,4681,59123.653.51$40,306
Mar 20021,1051,58222.003.10$29,219
Feb 20029521,21918.222.38$20,241
Jan 20021,5261,58117.172.38$29,957
Dec 20011,1461,30916.932.36$22,497
Nov 20011,3381,97918.072.41$28,938
Oct 20011,5241,22619.782.53$33,245
Sep 20011,1471,31224.262.25$30,780
Aug 20011,1231,29524.873.05$31,883
Jul 20011,1311,33523.933.20$31,333
Jun 20011,3261,28124.563.82$37,465
May 20011,1391,42625.524.31$35,210
Apr 20011,32681924.685.34$37,095
Mar 20011,11255424.545.38$30,267
Feb 20011,14345227.755.77$34,325
Jan 20011,33869227.478.40$42,567
Dec 200057945926.889.12$19,751
Nov 20001,12761132.215.66$39,758
Oct 20001,52799731.235.15$52,818
Sep 20001,13880231.875.19$40,428
Aug 20002,0141,05429.644.54$64,481
Jul 20001,33183728.534.09$41,397
Jun 200087344829.304.40$27,549
May 200079836127.263.68$23,082
Apr 200073037424.513.12$19,058
Mar 200096645128.422.86$28,743
Feb 200089739427.622.73$25,849
Jan 200098531825.272.48$25,680
Dec 19991,02134924.282.42$25,636
Nov 19991,10437323.192.43$26,510
Oct 19991,14543920.982.80$25,253
Sep 19991,29765521.752.62$29,925
Aug 19991,00670019.262.88$21,388
Jul 19991,23462117.892.37$23,550
Jun 19991,11473515.942.36$19,493
May 19991,40552215.792.32$23,397
Apr 199994788015.102.21$16,243
Mar 19991,29490012.471.84$17,791
Feb 19991,0107769.981.82$11,490
Jan 19991,28281610.381.90$14,858
Dec 19981,2196379.201.77$12,344
Nov 19981,51076610.892.19$18,118
Oct 19981,31692012.421.97$18,156
Sep 19981,33486612.592.08$18,599
Aug 19981,3161,09611.301.91$16,961
Jul 19981,3931,06111.742.24$18,728
Jun 19981,5801,16011.242.24$20,354
May 19981,4751,17112.622.21$21,198
Apr 19981,4971,29213.042.51$22,758
Mar 19981,7021,37312.802.31$24,956
Feb 19981,3771,33413.952.30$22,276
Jan 19981,9801,64614.702.15$32,653
Dec 19972,1851,44816.322.41$39,150
Nov 19972,2601,49918.193.09$45,739
Oct 19972,3421,62819.253.15$50,211
Sep 19972,2031,65817.742.95$43,980
Aug 19972,2751,69417.862.55$44,959
Jul 19971,9612,02917.582.25$39,033
Jun 19972,2231,65017.242.26$42,049
May 19972,0351,61718.972.31$42,337
Apr 19972,1661,59717.882.08$42,054
Mar 19972,4681,51418.951.94$49,704
Feb 19972,0861,24920.492.21$45,497
Jan 19971,6301,42423.483.54$43,313
Dec 19961,9541,45823.32$45,567
Nov 19962,0491,39621.97$45,017
Oct 19962,2411,37723.31$52,238
Sep 19962,1431,63422.22$47,617
Aug 19962,1421,45620.26$43,397
Jul 19962,2531,25019.55$44,046
Jun 19962,2591,37718.73$42,311
May 19962,5551,29519.43$49,644
Apr 19962,0701,34321.51$44,526
Mar 19962,3001,16519.38$44,574
Feb 19962,5181,10316.98$42,756
Jan 19962,8721,17017.07$49,025
Dec 19952,6641,25017.19$45,794
Nov 19952,6041,27516.00$41,664
Oct 19952,6941,52015.43$41,568
Sep 19953,0941,46816.18$50,061
Aug 19953,2621,65915.92$51,931
Jul 19953,2621,50715.24$49,713
Jun 19953,4021,44516.41$55,827
May 19953,5321,54317.56$62,022
Apr 19953,3311,37917.73$59,059
Mar 19953,4661,52116.44$56,981
Feb 19953,2601,25916.58$54,051
Jan 19953,7501,46615.92$59,700
Dec 19943,6871,09015.03$55,416
Nov 19943,8091,31715.90$60,563
Oct 19944,0911,53915.58$63,738
Sep 19943,9961,80115.29$61,099
Aug 19943,6871,67416.13$59,471
Jul 19944,1031,52517.56$72,049
Jun 19944,5192,00117.09$77,230
May 19944,8221,84315.88$76,573
Apr 19944,6941,71114.14$66,373
Mar 19945,0972,03312.46$63,509
Feb 19944,6541,70612.50$58,175
Jan 19945,1042,19012.66$64,617
Dec 19935,2141,80712.33$64,289
Nov 19935,5032,21714.49$79,738
Oct 19935,9042,61715.85$93,578
Sep 19935,7462,88115.03$86,362
Aug 19936,2712,95915.66$98,204
Jul 19936,4733,12815.46$100,073
Jun 19936,3373,00816.79$106,398
May 19936,7713,15317.68$119,711
Apr 19936,7962,92618.05$122,668
Mar 19937,0663,26318.14$128,177
Feb 19936,6472,79217.90$118,981
Jan 19938,0283,35616.93$135,914

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                  696 bbl  × $106.41 =    $74,061
Casinghead gas         0 Mcf  × $  3.05 =         $0

────────────────────────────────────────────────────
Month total                                  $74,061

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/7971 is the state's own key, not one this site invented.