LOCKETT, OLIVER

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 7977District 6EField 27302001OilCasinghead gasSaveExport
Value, all time
$11.3 M
Jan 1993 – May 2026
Value, last 12 filed months
$354 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
OilDisposition283,219 bbl$10,966,605
Casinghead gasProduction104,794 Mcf$314,318
Total$11,280,923

31,384 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 20265050106.413.05$53,737
Apr 202635521598.932.87$35,737
Mar 202633823689.753.15$31,079
Feb 202634222663.503.75$22,565
Jan 202636323459.138.00$23,336
Dec 202553323256.664.41$31,224
Nov 202534323658.593.93$21,023
Oct 202533725659.383.30$20,857
Sep 202550924662.743.08$32,692
Aug 202534926963.933.01$23,123
Jul 202535427166.743.32$24,524
Jun 202550825866.483.13$34,579
May 202535926760.553.23$22,600
Apr 202534725662.363.54$22,546
Mar 202552220267.704.27$36,202
Feb 202535123770.884.34$25,908
Jan 202551127674.324.28$39,158
Dec 202454216968.993.12$37,920
Nov 202449925069.052.20$35,006
Oct 202417710871.372.28$12,879
Sep 20243217169.612.36$22,513
Aug 20241619875.632.06$12,379
Jul 202430614879.932.15$24,776
Jun 202430915578.082.63$24,535
May 202434516278.812.20$27,546
Apr 202416810984.451.66$14,368
Mar 202416315880.301.55$13,333
Feb 202431512876.091.78$24,197
Jan 20241607973.023.30$11,944
Dec 202329314071.262.61$21,245
Nov 202399077.892.81$7,711
Oct 20238714385.443.09$7,875
Sep 202335114489.042.74$31,647
Aug 202335215480.522.67$28,755
Jul 202316211474.852.64$12,427
Jun 202334313168.962.26$23,949
May 202316812370.622.23$12,138
Apr 202333612778.122.24$26,533
Mar 202332910972.852.39$24,229
Feb 2023154075.112.47$11,567
Jan 202330511776.533.39$23,738
Dec 20223278876.415.73$25,490
Nov 20221729885.005.65$15,173
Oct 202235815287.185.86$32,102
Sep 202231115284.888.16$27,639
Aug 202216416094.529.13$16,962
Jul 2022318165101.587.54$33,547
Jun 2022317149115.097.98$37,672
May 2022167142109.378.43$19,462
Apr 2022358142104.226.84$38,282
Mar 2022144144108.885.08$16,410
Feb 202233611991.054.86$31,171
Jan 202215313581.844.54$13,134
Dec 202131813371.323.90$23,198
Nov 202131111777.435.24$24,693
Oct 202117112479.795.71$14,353
Sep 202116112269.865.35$11,900
Aug 202129712866.024.22$20,148
Jul 202132412770.783.98$23,438
Jun 202116711669.493.38$11,997
May 20211917263.483.02$12,342
Apr 202132610660.362.76$19,970
Mar 20211669361.302.72$10,428
Feb 20213335057.805.55$19,525
Jan 20211887650.412.81$9,691
Dec 20203336344.642.68$15,034
Nov 202016010438.772.71$6,485
Oct 202032912136.972.48$12,463
Sep 202033712137.091.99$12,740
Aug 202032417139.982.39$13,361
Jul 202033717938.371.83$13,257
Jun 202036816734.901.69$13,125
May 202036111016.921.81$6,308
Apr 202033910314.751.80$5,186
Mar 202033015830.341.86$10,305
Feb 202031612949.881.98$16,018
Jan 202047911957.252.09$27,672
Dec 201932714659.012.30$19,633
Nov 201933214055.302.75$18,745
Oct 201952215853.472.42$28,293
Sep 201931917455.052.66$18,023
Aug 201951318353.112.30$27,667
Jul 2019359956.272.46$20,223
Jun 2019506052.782.49$26,707
May 2019370058.482.74$21,638
Apr 201935218762.632.75$22,560
Mar 201937121156.803.06$21,719
Feb 201955714450.852.79$28,726
Jan 201936816846.033.23$17,481
Dec 2018363046.594.19$16,912
Nov 2018530052.934.24$28,053
Oct 201834917561.443.40$22,037
Sep 201848617559.543.11$29,480
Aug 201860018359.403.07$36,201
Jul 201835318265.142.93$23,528
Jun 201854617260.183.08$33,388
May 201836217265.382.90$24,167
Apr 2018539363.842.90$34,418
Mar 201834015961.222.79$21,258
Feb 201837320861.782.77$23,619
Jan 2018496562.874.01$31,204
Dec 2017370957.272.92$21,216
Nov 20175181155.423.12$28,742
Oct 2017502949.292.98$24,770
Sep 2017350947.523.09$16,660
Aug 20176631745.373.00$30,131
Jul 201753534443.873.09$24,532
Jun 201735539942.493.09$16,316
May 201752944845.373.26$25,463
Apr 201770139847.933.21$34,877
Mar 201752429246.772.98$25,379
Feb 201753829950.452.95$28,025
Jan 201753824449.413.42$27,417
Dec 201652720548.763.72$26,460
Nov 201675126142.492.64$32,600
Oct 201653425546.193.09$25,453
Sep 201653825341.553.10$23,138
Aug 201673331541.442.92$31,297
Jul 201654322341.622.92$23,252
Jun 201678531245.352.69$36,438
May 20165343642.521.99$22,777
Apr 2016730036.561.99$26,689
Mar 20166914433.011.79$22,889
Feb 20167468026.472.06$19,912
Jan 201655321427.352.36$15,631
Dec 201571724732.362.00$23,696
Nov 201567017138.792.17$26,360
Oct 201550620943.552.43$22,543
Sep 201547722542.992.76$21,127
Aug 201565923040.162.87$27,126
Jul 201569327148.152.95$34,166
Jun 201554421656.152.88$31,168
May 201534318755.212.96$19,490
Apr 201550530349.822.71$25,979
Mar 201550825742.892.93$22,542
Feb 201533422944.662.98$15,598
Jan 201562828343.433.10$28,152
Dec 201450026054.693.59$28,279
Nov 201432625270.464.25$24,041
Oct 201444325578.303.90$35,682
Sep 201431523286.164.05$28,079
Aug 201446023989.394.04$42,084
Jul 201441636696.564.18$41,699
Jun 201430539498.164.74$31,805
May 201446636094.734.73$45,846
Apr 201448934695.944.81$48,579
Mar 201417225095.895.06$17,757
Feb 201431127297.406.19$31,976
Jan 201448632290.404.86$45,500
Dec 201349632691.824.35$46,962
Nov 201315631788.853.74$15,046
Oct 201332830097.423.78$33,088
Sep 2013492275104.113.72$52,245
Aug 2013327266104.253.52$35,027
Jul 2013319267102.523.72$33,697
Jun 201330524094.403.93$29,736
May 201330523594.834.15$29,898
Apr 201343927193.964.28$42,409
Mar 201330734093.623.91$30,072
Feb 201331734891.233.42$30,110
Jan 201344834191.603.42$42,203
Dec 201246916186.773.42$41,246
Nov 201215916386.953.62$14,416
Oct 201254918389.383.40$49,692
Sep 201231015994.672.92$29,812
Aug 201232415292.662.91$30,464
Jul 201245616385.133.02$39,312
Jun 201229217179.822.52$23,738
May 201250019091.612.49$46,278
Apr 2012501247101.652.00$51,420
Mar 2012322115105.052.22$34,082
Feb 2012319173101.102.57$32,696
Jan 201252821598.092.73$52,379
Dec 201152616796.873.24$51,495
Nov 201150921195.723.31$49,420
Oct 201167822784.983.65$58,445
Sep 201148216183.623.99$40,947
Aug 201166019683.404.15$55,857
Jul 201148224094.144.52$46,460
Jun 201149224592.904.64$46,844
May 201168220498.134.40$67,823
Apr 2011501206105.964.33$53,979
Mar 201167020596.364.06$65,393
Feb 201150518885.644.18$44,034
Jan 201149920786.504.59$44,113
Dec 201050320485.734.35$44,009
Nov 201066122080.843.80$54,270
Oct 201052123478.103.51$41,511
Sep 201067723172.633.98$50,090
Aug 201050328073.684.42$38,298
Jul 201045629772.554.74$34,490
Jun 201049723170.364.91$36,103
May 201068226171.124.24$49,609
Apr 201068420581.694.12$56,721
Mar 201052222878.394.39$41,920
Feb 201050619173.585.44$38,271
Jan 201049921674.365.96$38,394
Dec 200969827871.445.48$51,390
Nov 200948625874.593.75$37,219
Oct 200967226872.544.11$49,848
Sep 200947526465.543.06$31,941
Aug 200949925467.423.22$34,460
Jul 200967326161.133.46$42,045
Jun 200951425766.163.90$35,007
May 200965523354.743.93$36,769
Apr 200969727246.773.59$33,574
Mar 200949830342.144.06$22,216
Feb 200969628732.814.63$24,165
Jan 200951431435.865.37$20,119
Dec 200884926337.105.98$33,070
Nov 200851528055.496.86$30,498
Oct 200849934275.246.92$39,912
Sep 2008659310101.767.88$69,502
Aug 2008661371114.228.48$78,647
Jul 2008654316131.0811.39$89,325
Jun 2008510269131.3313.03$70,484
May 2008631276123.1711.57$80,915
Apr 2008609273110.3110.45$70,033
Mar 2008598290101.909.66$63,739
Feb 200859625492.538.77$57,376
Jan 200864128690.388.21$60,280
Dec 200764829188.337.30$59,363
Nov 200760924191.677.29$57,584
Oct 200748030182.856.92$41,852
Sep 200761129875.846.24$48,199
Aug 200764522069.066.39$45,949
Jul 200762929670.906.39$46,487
Jun 200763824262.007.55$41,383
May 200770519858.747.85$42,965
Apr 200747518359.617.81$29,743
Mar 200762519356.927.30$36,984
Feb 200747919555.108.22$27,995
Jan 200762513250.306.73$32,325
Dec 200666318856.656.92$38,860
Nov 200642013154.207.62$23,762
Oct 200654614154.906.01$30,823
Sep 200648213760.085.04$29,649
Aug 200661815768.717.34$43,615
Jul 200649814769.376.34$35,479
Jun 200649912766.286.38$33,884
May 200646311266.016.42$31,282
Apr 200643510064.397.36$28,746
Mar 20064337356.707.08$25,068
Feb 20064979557.597.75$29,359
Jan 200663912260.598.93$39,807
Dec 200564714354.9413.42$37,465
Nov 200549416054.6910.59$28,711
Oct 200564112658.3413.80$39,134
Sep 20054819161.4512.08$30,657
Aug 200559511961.519.80$37,764
Jul 200557915755.697.84$33,476
Jun 20055359652.337.38$28,705
May 20054677745.226.65$21,630
Apr 20054797049.207.36$24,082
Mar 200565110650.377.15$33,549
Feb 200548311045.226.31$22,536
Jan 200559614843.166.32$26,659
Dec 200449514639.866.75$20,716
Nov 200447213345.286.33$22,214
Oct 200462316649.706.52$32,045
Sep 200448215643.245.28$21,666
Aug 200446519342.375.55$20,773
Jul 200474216238.286.08$29,389
Jun 200431612936.106.43$12,237
May 200465716637.486.49$25,702
Apr 200459129934.475.86$22,123
Mar 200463427734.365.53$23,316
Feb 200446825032.455.51$16,564
Jan 200463627732.036.30$22,116
Dec 200364228830.266.30$21,242
Nov 200368132228.804.60$21,092
Oct 200365433728.174.76$20,027
Sep 200364330226.314.75$18,352
Aug 200363926929.765.13$20,397
Jul 200364430929.415.17$20,538
Jun 200350522828.565.98$15,787
May 200364527226.595.97$18,775
Apr 200350425726.675.41$14,831
Mar 200380927831.146.10$26,887
Feb 200363624433.487.93$23,227
Jan 200364125630.315.58$20,858
Dec 200261224526.914.85$17,658
Nov 200261325524.664.14$16,172
Oct 200265226726.464.23$18,381
Sep 2002641027.443.64$17,589
Aug 200264127225.963.16$17,501
Jul 200261833024.583.06$16,201
Jun 200264533523.733.34$16,424
May 200247129824.663.58$12,683
Apr 200276750023.653.51$19,896
Mar 200247943322.003.10$11,881
Feb 200268628018.222.38$13,164
Jan 200267530217.172.38$12,307
Dec 200162822716.932.36$11,169
Nov 200162313618.072.41$11,585
Oct 200148635619.782.53$10,513
Sep 200162239224.262.25$15,972
Aug 200163634824.873.05$16,880
Jul 200165340823.933.20$16,931
Jun 200161342024.563.82$16,661
May 200180439825.524.31$22,232
Apr 200158938824.685.34$16,607
Mar 200178147724.545.38$21,730
Feb 200165631827.755.77$20,038
Jan 200181042427.478.40$25,812
Dec 200047728426.889.12$15,413
Nov 200082824632.215.66$28,062
Oct 20001,07424231.235.15$34,786
Sep 200017722631.875.19$6,813
Aug 200083414729.644.54$25,387
Jul 200031024028.534.09$9,826
Jun 200048245029.304.40$16,101
May 200021429727.263.68$6,927
Apr 200047515124.513.12$12,113
Mar 200017813028.422.86$5,431
Feb 200030517327.622.73$8,896
Jan 200032815125.272.48$8,663
Dec 199921716924.282.42$5,678
Nov 199950726123.192.43$12,393
Oct 199934929620.982.80$8,152
Sep 199934613121.752.62$7,869
Aug 199929119119.262.88$6,154
Jul 199940921417.892.37$7,825
Jun 199991227115.942.36$15,177
May 199991123315.792.32$14,925
Apr 199987322715.102.21$13,684
Mar 199996727812.471.84$12,570
Feb 19997482219.981.82$7,867
Jan 199985128310.381.90$9,371
Dec 19987062219.201.77$6,887
Nov 199893221210.892.19$10,613
Oct 199897222912.421.97$12,523
Sep 19981,02019312.592.08$13,244
Aug 19981,09315011.301.91$12,637
Jul 19981,21615811.742.24$14,629
Jun 19981,04819811.242.24$12,223
May 19981,10021112.622.21$14,348
Apr 19981,23014313.042.51$16,397
Mar 19981,34128012.802.31$17,811
Feb 19981,18425813.952.30$17,110
Jan 19981,50629614.702.15$22,776
Dec 19971,38430716.322.41$23,327
Nov 19971,51524618.193.09$28,318
Oct 19971,25528219.253.15$25,047
Sep 19971,32227117.742.95$24,253
Aug 19971,17129217.862.55$21,660
Jul 19971,50124817.582.25$26,945
Jun 19971,08825817.242.26$19,339
May 19971,09325718.972.31$21,327
Apr 19971,06828217.882.08$19,683
Mar 19971,09830618.951.94$21,400
Feb 19971,15721820.492.21$24,188
Jan 19971,11316623.483.54$26,721
Dec 19961,19216823.32$27,797
Nov 19961,37815021.97$30,275
Oct 19961,30313123.31$30,373
Sep 19961,28515522.22$28,553
Aug 19961,28919320.26$26,115
Jul 19961,47022019.55$28,739
Jun 19961,33622818.73$25,023
May 199677632019.43$15,078
Apr 199629145521.51$6,259
Mar 19961,11942919.38$21,686
Feb 19961,15133216.98$19,544
Jan 19961,46544317.07$25,008
Dec 19951,41736217.19$24,358
Nov 19951,63042816.00$26,080
Oct 19951,54546215.43$23,839
Sep 19951,65941216.18$26,843
Aug 19951,70045915.92$27,064
Jul 19951,68654415.24$25,695
Jun 19951,74260316.41$28,586
May 19951,73857317.56$30,519
Apr 19951,59448017.73$28,262
Mar 19951,70654016.44$28,047
Feb 19951,49142216.58$24,721
Jan 19951,63669615.92$26,045
Dec 19941,80865515.03$27,174
Nov 19941,79581015.90$28,541
Oct 19941,72567315.58$26,876
Sep 19941,73676915.29$26,543
Aug 19942,22289116.13$35,841
Jul 19942,11292517.56$37,087
Jun 19942,11074317.09$36,060
May 19942,30483315.88$36,588
Apr 19942,35289214.14$33,257
Mar 19942,50991112.46$31,262
Feb 19942,26774512.50$28,338
Jan 19942,71785312.66$34,397
Dec 19932,67292112.33$32,946
Nov 19932,61081514.49$37,819
Oct 19933,23597515.85$51,275
Sep 19932,72586715.03$40,957
Aug 19933,2451,04315.66$50,817
Jul 19933,3531,10215.46$51,837
Jun 19933,2941,11116.79$55,306
May 19933,3341,13417.68$58,945
Apr 19933,2181,12218.05$58,085
Mar 19933,3691,24818.14$61,114
Feb 19933,0601,09417.90$54,774
Jan 19933,4171,04716.93$57,850

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                  505 bbl  × $106.41 =    $53,737
Casinghead gas         0 Mcf  × $  3.05 =         $0

────────────────────────────────────────────────────
Month total                                  $53,737

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/7977 is the state's own key, not one this site invented.