LOCKETT, O., -B-

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 7978District 6EField 27302001OilCasinghead gasSaveExport
Value, all time
$1.2 M
Jan 1993 – May 2026
Value, last 12 filed months
$0
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
OilDisposition36,923 bbl$1,134,446
Casinghead gasProduction24,053 Mcf$92,609
Total$1,227,056

5,249 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 202600106.413.05$0
Apr 20260098.932.87$0
Mar 20260089.753.15$0
Feb 20260063.503.75$0
Jan 20260059.138.00$0
Dec 20250056.664.41$0
Nov 20250058.593.93$0
Oct 20250059.383.30$0
Sep 20250062.743.08$0
Aug 20250063.933.01$0
Jul 20250066.743.32$0
Jun 20250066.483.13$0
May 20250060.553.23$0
Apr 20250062.363.54$0
Mar 20250067.704.27$0
Feb 20250070.884.34$0
Jan 20250074.324.28$0
Dec 20240068.993.12$0
Nov 20241069.052.20$69
Oct 20241071.372.28$71
Sep 20241269.612.36$74
Aug 20240275.632.06$4
Jul 20240079.932.15$0
Jun 20240078.082.63$0
May 20240078.812.20$0
Apr 20240084.451.66$0
Mar 20240080.301.55$0
Feb 20240076.091.78$0
Jan 20240073.023.30$0
Dec 202352071.262.61$3,706
Nov 202361077.892.81$4,751
Oct 20230085.443.09$0
Sep 20230089.042.74$0
Aug 20230080.522.67$0
Jul 20230074.852.64$0
Jun 20230068.962.26$0
May 20230070.622.23$0
Apr 20230078.122.24$0
Mar 20230072.852.39$0
Feb 20230075.112.47$0
Jan 20230076.533.39$0
Dec 20220076.415.73$0
Nov 20220085.005.65$0
Oct 20220087.185.86$0
Sep 20220084.888.16$0
Aug 20220094.529.13$0
Jul 202200101.587.54$0
Jun 202200115.097.98$0
May 202200109.378.43$0
Apr 202200104.226.84$0
Mar 202200108.885.08$0
Feb 20220091.054.86$0
Jan 20220081.844.54$0
Dec 20210071.323.90$0
Nov 20210077.435.24$0
Oct 20210079.795.71$0
Sep 20210069.865.35$0
Aug 20210066.024.22$0
Jul 20210070.783.98$0
Jun 20210069.493.38$0
May 20210063.483.02$0
Apr 20210060.362.76$0
Mar 20210061.302.72$0
Feb 20210057.805.55$0
Jan 20210050.412.81$0
Dec 20200044.642.68$0
Nov 20200038.772.71$0
Oct 20200036.972.48$0
Sep 20200037.091.99$0
Aug 20200039.982.39$0
Jul 20200038.371.83$0
Jun 20200034.901.69$0
May 20200016.921.81$0
Apr 20200014.751.80$0
Mar 20200030.341.86$0
Feb 20200049.881.98$0
Jan 20200057.252.09$0
Dec 20190059.012.30$0
Nov 20190055.302.75$0
Oct 20190053.472.42$0
Sep 20190055.052.66$0
Aug 20190053.112.30$0
Jul 20190056.272.46$0
Jun 20190052.782.49$0
May 20190058.482.74$0
Apr 20190062.632.75$0
Mar 20190056.803.06$0
Feb 20190050.852.79$0
Jan 20190046.033.23$0
Dec 20180046.594.19$0
Nov 20180052.934.24$0
Oct 20180061.443.40$0
Sep 20180059.543.11$0
Aug 20180059.403.07$0
Jul 20180065.142.93$0
Jun 20180060.183.08$0
May 20180065.382.90$0
Apr 20180063.842.90$0
Mar 20180061.222.79$0
Feb 20180061.782.77$0
Jan 20180062.874.01$0
Dec 20170057.272.92$0
Nov 20170055.423.12$0
Oct 20170049.292.98$0
Sep 20170047.523.09$0
Aug 20170045.373.00$0
Jul 20170043.873.09$0
Jun 20170042.493.09$0
May 20170045.373.26$0
Apr 20170047.933.21$0
Mar 20170046.772.98$0
Feb 20170050.452.95$0
Jan 20170049.413.42$0
Dec 20160048.763.72$0
Nov 20160042.492.64$0
Oct 20160046.193.09$0
Sep 20160041.553.10$0
Aug 20160041.442.92$0
Jul 20160041.622.92$0
Jun 20160045.352.69$0
May 20161042.521.99$43
Apr 201611036.561.99$402
Mar 201619133.011.79$629
Feb 20160026.472.06$0
Jan 20160027.352.36$0
Dec 201513032.362.00$421
Nov 2015701838.792.17$2,754
Oct 2015532243.552.43$2,362
Sep 2015502442.992.76$2,216
Aug 2015612440.162.87$2,519
Jul 2015231048.152.95$1,137
Jun 20150056.152.88$0
May 20151055.212.96$55
Apr 201526749.822.71$1,314
Mar 2015542742.892.93$2,395
Feb 2015362544.662.98$1,682
Jan 2015683043.433.10$3,046
Dec 2014552954.693.59$3,112
Nov 2014412770.464.25$3,004
Oct 2014723178.303.90$5,759
Sep 2014523886.164.05$4,634
Aug 2014753989.394.04$6,862
Jul 2014655996.564.18$6,523
Jun 2014455898.164.74$4,692
May 2014645394.734.73$6,313
Apr 2014513795.944.81$5,071
Mar 2014164195.895.06$1,742
Feb 2014282697.406.19$2,888
Jan 2014402590.404.86$3,738
Dec 2013452991.824.35$4,258
Nov 2013153088.853.74$1,445
Oct 2013312897.423.78$3,126
Sep 20134626104.113.72$4,886
Aug 20133125104.253.52$3,320
Jul 20133025102.523.72$3,169
Jun 2013312394.403.93$3,017
May 2013392794.834.15$3,810
Apr 2013724593.964.28$6,958
Mar 2013495493.623.91$4,799
Feb 2013515691.233.42$4,844
Jan 2013725591.603.42$6,783
Dec 2012752686.773.42$6,597
Nov 2012202186.953.62$1,815
Oct 2012632189.383.40$5,702
Sep 2012452394.672.92$4,327
Aug 2012472292.662.91$4,419
Jul 2012662385.133.02$5,688
Jun 2012372279.822.52$3,009
May 2012381591.612.49$3,519
Apr 20123919101.652.00$4,002
Mar 20124215105.052.22$4,445
Feb 20123117101.102.57$3,178
Jan 201213598.092.73$1,289
Dec 201118696.873.24$1,763
Nov 2011421895.723.31$4,080
Oct 2011622184.983.65$5,345
Sep 2011461583.623.99$3,906
Aug 2011611883.404.15$5,162
Jul 2011472394.144.52$4,528
Jun 2011452292.904.64$4,283
May 2011682098.134.40$6,761
Apr 20115021105.964.33$5,389
Mar 2011621996.364.06$6,051
Feb 2011461785.644.18$4,011
Jan 2011472086.504.59$4,157
Dec 2010481985.734.35$4,198
Nov 2010612080.843.80$5,007
Oct 2010452078.103.51$3,585
Sep 2010702472.633.98$5,180
Aug 2010482773.684.42$3,656
Jul 2010493272.554.74$3,707
Jun 2010592770.364.91$4,284
May 2010632471.124.24$4,582
Apr 2010501581.694.12$4,146
Mar 2010411878.394.39$3,293
Feb 2010471673.585.44$3,545
Jan 2010502274.365.96$3,849
Dec 2009712871.445.48$5,226
Nov 2009593174.593.75$4,517
Oct 2009753072.544.11$5,564
Sep 2009512965.543.06$3,431
Aug 2009562867.423.22$3,866
Jul 2009752961.133.46$4,685
Jun 2009572966.163.90$3,884
May 2009722654.743.93$4,043
Apr 2009632546.773.59$3,036
Mar 2009523142.144.06$2,317
Feb 2009712932.814.63$2,464
Jan 2009563435.865.37$2,191
Dec 2008862737.105.98$3,352
Nov 2008573155.496.86$3,376
Oct 2008533675.246.92$4,237
Sep 20087134101.767.88$7,493
Aug 20086738114.228.48$7,975
Jul 20088039131.0811.39$10,931
Jun 20085931131.3313.03$8,152
May 20087332123.1711.57$9,362
Apr 200810246110.3110.45$11,733
Mar 200810652101.909.66$11,304
Feb 20081255492.538.77$12,040
Jan 2008894090.388.21$8,372
Dec 2007683188.337.30$6,233
Nov 2007662691.677.29$6,240
Oct 2007533382.856.92$4,619
Sep 2007733575.846.24$5,755
Aug 2007722569.066.39$5,132
Jul 2007693270.906.39$5,097
Jun 2007552162.007.55$3,569
May 20078258.747.85$486
Apr 2007552159.617.81$3,442
Mar 2007792456.927.30$4,672
Feb 2007592455.108.22$3,448
Jan 20078110850.306.73$4,801
Dec 20066815356.656.92$4,911
Nov 200612310754.207.62$7,482
Oct 200616111554.906.01$9,530
Sep 20066111260.085.04$4,229
Aug 20068612968.717.34$6,856
Jul 20063412169.376.34$3,126
Jun 20063110466.286.38$2,719
May 2006629166.016.42$4,677
Apr 20061088264.397.36$7,558
Mar 20061115956.707.08$6,712
Feb 2006587857.597.75$3,945
Jan 20068810060.598.93$6,225
Dec 20058311754.9413.42$6,130
Nov 20056813054.6910.59$5,095
Oct 20058810358.3413.80$6,555
Sep 2005617561.4512.08$4,654
Aug 2005819761.519.80$5,933
Jul 200513412855.697.84$8,466
Jun 20051527852.337.38$8,530
May 2005916345.226.65$4,534
Apr 2005595849.207.36$3,330
Mar 2005998750.377.15$5,609
Feb 2005739045.226.31$3,869
Jan 200511412143.166.32$5,685
Dec 20047112039.866.75$3,640
Nov 20049110845.286.33$4,804
Oct 200411613549.706.52$6,645
Sep 20047112843.245.28$3,746
Aug 200410115842.375.55$5,156
Jul 200420213238.286.08$8,536
Jun 20046110536.106.43$2,878
May 20049713537.486.49$4,512
Apr 200412324534.475.86$5,675
Mar 200412122734.365.53$5,413
Feb 200410220432.455.51$4,434
Jan 200412122632.036.30$5,299
Dec 200310723630.266.30$4,725
Nov 200310026328.804.60$4,089
Oct 200310927728.174.76$4,389
Sep 200311024826.314.75$4,072
Aug 200311722829.765.13$4,652
Jul 200310027829.415.17$4,378
Jun 20036320628.565.98$3,032
May 20038124526.595.97$3,617
Apr 20036323226.675.41$2,935
Mar 200311524931.146.10$5,099
Feb 200311622033.487.93$5,627
Jan 200311723030.315.58$4,830
Dec 200212922026.914.85$4,539
Nov 200213723024.664.14$4,330
Oct 200211724126.464.23$4,115
Sep 200211654327.443.64$5,157
Aug 200211626625.963.16$3,853
Jul 200210919924.583.06$3,289
Jun 200211820223.733.34$3,474
May 200210422324.663.58$3,364
Apr 20021483123.653.51$3,609
Mar 2002625122.003.10$1,522
Feb 20027613918.222.38$1,715
Jan 20028915117.172.38$1,887
Dec 200112422016.932.36$2,619
Nov 200114234118.072.41$3,386
Oct 20018617819.782.53$2,151
Sep 200114119624.262.25$3,862
Aug 200113017524.873.05$3,767
Jul 20019520423.933.20$2,926
Jun 20019820924.563.82$3,206
May 200112719825.524.31$4,094
Apr 200113619524.685.34$4,397
Mar 200114915924.545.38$4,511
Feb 200110615927.755.77$3,858
Jan 200113221127.478.40$5,398
Dec 20008414126.889.12$3,544
Nov 200010912232.215.66$4,201
Oct 20006812231.235.15$2,751
Sep 20001411431.875.19$1,037
Aug 200012725429.644.54$4,918
Jul 20009024028.534.09$3,549
Jun 200058029.304.40$1,699
May 20005810027.263.68$1,949
Apr 20001435024.513.12$3,661
Mar 20001114328.422.86$3,278
Feb 2000775727.622.73$2,282
Jan 2000695025.272.48$1,868
Dec 1999715624.282.42$1,860
Nov 19992098723.192.43$5,058
Oct 19991769920.982.80$3,970
Sep 1999944421.752.62$2,160
Aug 1999876319.262.88$1,857
Jul 19992367217.892.37$4,393
Jun 19991149115.942.36$2,032
May 19991687815.792.32$2,834
Apr 19991727615.102.21$2,765
Mar 19992109312.471.84$2,790
Feb 1999166749.981.82$1,791
Jan 19992069510.381.90$2,319
Dec 1998169739.201.77$1,684
Nov 19981707010.892.19$2,004
Oct 1998977712.421.97$1,356
Sep 19981486412.592.08$1,997
Aug 19982005011.301.91$2,355
Jul 19982475311.742.24$3,018
Jun 19981954911.242.24$2,301
May 19981765212.622.21$2,336
Apr 19981973513.042.51$2,657
Mar 19982566912.802.31$3,436
Feb 19981846313.952.30$2,712
Jan 19982507214.702.15$3,830
Dec 19972257516.322.41$3,853
Nov 19972526018.193.09$4,769
Oct 19972036919.253.15$4,125
Sep 19972296617.742.95$4,257
Aug 19972477217.862.55$4,595
Jul 19972416117.582.25$4,374
Jun 19971815217.242.26$3,238
May 19971855118.972.31$3,627
Apr 19972005617.882.08$3,693
Mar 19971916118.951.94$3,738
Feb 19971634420.492.21$3,437
Jan 19972063323.483.54$4,954
Dec 19962063323.32$4,804
Nov 19962203021.97$4,833
Oct 19961982623.31$4,615
Sep 19962073122.22$4,600
Aug 19961653820.26$3,343
Jul 19961954419.55$3,812
Jun 19961864618.73$3,484
May 19961716419.43$3,323
Apr 1996189121.51$387
Mar 1996873219.38$1,686
Feb 19961424016.98$2,411
Jan 19962006017.07$3,414
Dec 19951965017.19$3,369
Nov 19952556616.00$4,080
Oct 19952557715.43$3,935
Sep 19952486216.18$4,013
Aug 19952416515.92$3,837
Jul 19952447915.24$3,719
Jun 19952438416.41$3,988
May 19952528317.56$4,425
Apr 19952327017.73$4,113
Mar 19952568116.44$4,209
Feb 19952095916.58$3,465
Jan 19952309815.92$3,662
Dec 19942539215.03$3,803
Nov 199423910815.90$3,800
Oct 19942419515.58$3,755
Sep 19942179615.29$3,318
Aug 199432312916.13$5,210
Jul 199430913617.56$5,426
Jun 199429010217.09$4,956
May 199433312015.88$5,288
Apr 199433412614.14$4,723
Mar 199440814812.46$5,084
Feb 199436912112.50$4,613
Jan 199444213912.66$5,596
Dec 199344215212.33$5,450
Nov 199344513914.49$6,448
Oct 199358117315.85$9,209
Sep 199356117915.03$8,432
Aug 199362019915.66$9,709
Jul 199367722315.46$10,466
Jun 199366522416.79$11,165
May 199367322917.68$11,899
Apr 199365022618.05$11,733
Mar 199367925218.14$12,317
Feb 199361822117.90$11,062
Jan 199369021116.93$11,682

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.

Nov 2024 — as filed, then multipliedworked
Oil                    1 bbl  × $ 69.05 =        $69
Casinghead gas         0 Mcf  × $  2.20 =         $0

────────────────────────────────────────────────────
Month total                                      $69

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/7978 is the state's own key, not one this site invented.