SHEPPARD, M. O.

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 7992District 6EField 27302001OilCasinghead gasSaveExport
Value, all time
$1.9 M
Jan 1993 – May 2026
Value, last 12 filed months
$51 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
OilDisposition44,380 bbl$1,774,173
Casinghead gasProduction29,910 Mcf$87,504
Total$1,861,677

9,417 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 20261700106.413.05$18,090
Apr 202605998.932.87$169
Mar 202604489.753.15$139
Feb 20261703563.503.75$10,926
Jan 202603459.138.00$272
Dec 202502256.664.41$97
Nov 202504158.593.93$161
Oct 20251664759.383.30$10,012
Sep 202505362.743.08$163
Aug 20250363.933.01$9
Jul 20250766.743.32$23
Jun 20251695066.483.13$11,392
May 202506360.553.23$204
Apr 202504862.363.54$170
Mar 202504167.704.27$175
Feb 20251633370.884.34$11,697
Jan 202503474.324.28$145
Dec 202401068.993.12$31
Nov 20241682669.052.20$11,658
Oct 202403871.372.28$87
Sep 20241713769.612.36$11,991
Aug 202403875.632.06$78
Jul 202404379.932.15$92
Jun 202402978.082.63$76
May 20241673978.812.20$13,247
Apr 202404484.451.66$73
Mar 20241594780.301.55$12,840
Feb 202403976.091.78$70
Jan 202403873.023.30$125
Dec 202302371.262.61$60
Nov 2023185077.892.81$14,410
Oct 202303085.443.09$93
Sep 202303789.042.74$101
Aug 20231704080.522.67$13,795
Jul 202304574.852.64$119
Jun 20231681968.962.26$11,628
May 20230670.622.23$13
Apr 202301678.122.24$36
Mar 20230072.852.39$0
Feb 2023173075.112.47$12,994
Jan 202302376.533.39$78
Dec 202202276.415.73$126
Nov 2022166985.005.65$14,161
Oct 202201987.185.86$111
Sep 202203384.888.16$269
Aug 20221542594.529.13$14,784
Jul 2022027101.587.54$204
Jun 2022029115.097.98$231
May 202216240109.378.43$18,055
Apr 2022040104.226.84$274
Mar 2022038108.885.08$193
Feb 2022153591.054.86$13,955
Jan 20220981.844.54$41
Dec 20211733471.323.90$12,471
Nov 20210677.435.24$31
Oct 202101879.795.71$103
Sep 20211762369.865.35$12,418
Aug 202104366.024.22$181
Jul 202103270.783.98$127
Jun 20210269.493.38$7
May 20210063.483.02$0
Apr 20210260.362.76$6
Mar 2021150061.302.72$9,195
Feb 20210057.805.55$0
Jan 202102350.412.81$65
Dec 20201041544.642.68$4,683
Nov 202001538.772.71$41
Oct 20201671736.972.48$6,216
Sep 202003037.091.99$60
Aug 202002339.982.39$55
Jul 20201631938.371.83$6,289
Jun 20200434.901.69$7
May 20200516.921.81$9
Apr 20200614.751.80$11
Mar 202002030.341.86$37
Feb 20201653849.881.98$8,305
Jan 202003157.252.09$65
Dec 201902959.012.30$67
Nov 20191553055.302.75$8,654
Oct 201903253.472.42$77
Sep 201905155.052.66$136
Aug 20191646253.112.30$8,853
Jul 201906356.272.46$155
Jun 20191765752.782.49$9,431
May 201903758.482.74$101
Apr 201903262.632.75$88
Mar 20191732856.803.06$9,912
Feb 201902750.852.79$75
Jan 201902346.033.23$74
Dec 20181743946.594.19$8,270
Nov 201801752.934.24$72
Oct 201801761.443.40$58
Sep 201801759.543.11$53
Aug 20181713159.403.07$10,252
Jul 201804665.142.93$135
Jun 201804660.183.08$142
May 201804465.382.90$128
Apr 20181744263.842.90$11,230
Mar 201804861.222.79$134
Feb 201804161.782.77$113
Jan 20181843462.874.01$11,704
Dec 201703757.272.92$108
Nov 201703155.423.12$97
Oct 201702949.292.98$87
Sep 20171734747.523.09$8,366
Aug 201706845.373.00$204
Jul 201707043.873.09$216
Jun 20171716842.493.09$7,476
May 201708645.373.26$281
Apr 201706047.933.21$193
Mar 201706246.772.98$185
Feb 20171605650.452.95$8,237
Jan 201705749.413.42$195
Dec 201605348.763.72$197
Nov 20161766842.492.64$7,658
Oct 201607346.193.09$226
Sep 20161797241.553.10$7,661
Aug 201607341.442.92$213
Jul 201607741.622.92$225
Jun 201605345.352.69$142
May 201603942.521.99$78
Apr 201603636.561.99$72
Mar 201602933.011.79$52
Feb 201603126.472.06$64
Jan 20161395027.352.36$3,920
Dec 20151286532.362.00$4,272
Nov 201505938.792.17$128
Oct 201506243.552.43$150
Sep 2015885742.992.76$3,940
Aug 20151725740.162.87$7,071
Jul 201507748.152.95$227
Jun 20151867556.152.88$10,660
May 201507755.212.96$228
Apr 201507849.822.71$211
Mar 20151757042.892.93$7,711
Feb 201505544.662.98$164
Jan 20151905943.433.10$8,435
Dec 201407054.693.59$251
Nov 201406670.464.25$281
Oct 20141674678.303.90$13,256
Sep 201406186.164.05$247
Aug 20141776989.394.04$16,100
Jul 201408096.564.18$334
Jun 20141888098.164.74$18,833
May 201408094.734.73$378
Apr 201407895.944.81$375
Mar 20141586595.895.06$15,479
Feb 201405997.406.19$365
Jan 20141816690.404.86$16,683
Dec 201306191.824.35$266
Nov 20131895988.853.74$17,013
Oct 201307097.423.78$265
Sep 2013078104.113.72$290
Aug 201314685104.253.52$15,520
Jul 2013087102.523.72$323
Jun 20131658494.403.93$15,906
May 201308194.834.15$336
Apr 20131667793.964.28$15,927
Mar 201307793.623.91$301
Feb 20131666791.233.42$15,373
Jan 201306891.603.42$233
Dec 20121935886.773.42$16,945
Nov 201206186.953.62$221
Oct 20121947289.383.40$17,585
Sep 201207894.672.92$228
Aug 201206492.662.91$186
Jul 20121728485.133.02$14,896
Jun 201207979.822.52$199
May 20121597991.612.49$14,763
Apr 2012082101.652.00$164
Mar 201216972105.052.22$17,913
Feb 2012062101.102.57$159
Jan 2012184098.092.73$18,049
Dec 201104496.873.24$143
Nov 20111475995.723.31$14,266
Oct 201107484.983.65$270
Sep 20111847183.623.99$15,669
Aug 201108283.404.15$340
Jul 20111778194.144.52$17,029
Jun 201108192.904.64$376
May 20111827798.134.40$18,199
Apr 2011073105.964.33$316
Mar 20111886896.364.06$18,392
Feb 201105685.644.18$234
Jan 20111614086.504.59$14,110
Dec 201005985.734.35$257
Nov 20101806480.843.80$14,794
Oct 201007878.103.51$274
Sep 20101848072.633.98$13,682
Aug 201008673.684.42$380
Jul 20101728572.554.74$12,881
Jun 201007970.364.91$388
May 20101797971.124.24$13,065
Apr 201006181.694.12$251
Mar 20101796678.394.39$14,321
Feb 201004673.585.44$250
Jan 201005774.365.96$340
Dec 20091746071.445.48$12,760
Nov 200905974.593.75$221
Oct 20091776772.544.11$13,115
Sep 200907165.543.06$218
Aug 20091717767.423.22$11,777
Jul 200907861.133.46$270
Jun 20091757666.163.90$11,874
May 200906954.743.93$271
Apr 20091696846.773.59$8,148
Mar 200906742.144.06$272
Feb 20091616232.814.63$5,570
Jan 20091816335.865.37$6,829
Dec 200805737.105.98$341
Nov 200806355.496.86$432
Oct 20081597675.246.92$12,489
Sep 2008067101.767.88$528
Aug 200816578114.228.48$19,508
Jul 2008072131.0811.39$820
Jun 200815259131.3313.03$20,731
May 2008061123.1711.57$706
Apr 200816360110.3110.45$18,608
Mar 2008065101.909.66$628
Feb 20081896292.538.77$18,032
Jan 200806290.388.21$509
Dec 20071767488.337.30$16,086
Nov 200707391.677.29$532
Oct 200718910682.856.92$16,392
Sep 200709475.846.24$587
Aug 20071669769.066.39$12,084
Jul 20070970.906.39$57
Jun 20071645862.007.55$10,606
May 200709158.747.85$714
Apr 20071828459.617.81$11,505
Mar 200709856.927.30$716
Feb 20071896455.108.22$10,940
Jan 200709050.306.73$605
Dec 20061709156.656.92$10,260
Nov 2006010354.207.62$785
Oct 20061839554.906.01$10,618
Sep 2006012960.085.04$650
Aug 200619014668.717.34$14,127
Jul 2006013769.376.34$869
Jun 200616713566.286.38$11,931
May 2006012766.016.42$816
Apr 200618212264.397.36$12,617
Mar 2006012256.707.08$864
Feb 20061898657.597.75$11,551
Jan 20063169460.598.93$19,986
Dec 200508954.9413.42$1,194
Nov 20051539554.6910.59$9,373
Oct 20051789158.3413.80$11,640
Sep 200509361.4512.08$1,123
Aug 20051733361.519.80$10,965
Jul 200501855.697.84$141
Jun 20051371752.337.38$7,295
May 20051802245.226.65$8,286
Apr 200501249.207.36$88
Mar 20051591150.377.15$8,088
Feb 20051622245.226.31$7,465
Jan 20050243.166.32$13
Dec 20041501239.866.75$6,060
Nov 2004170445.286.33$7,723
Oct 200402249.706.52$143
Sep 20041784043.245.28$7,908
Aug 20041614142.375.55$7,049
Jul 2004012238.286.08$742
Jun 20041789036.106.43$7,005
May 2004010537.486.49$682
Apr 20041453934.475.86$5,227
Mar 20041583134.365.53$5,600
Feb 2004164132.455.51$5,327
Jan 20040032.036.30$0
Dec 2003141030.266.30$4,267
Nov 2003159028.804.60$4,579
Oct 20031744728.174.76$5,125
Sep 2003010126.314.75$480
Aug 20031349829.765.13$4,491
Jul 20031591229.415.17$4,738
Jun 20031414528.565.98$4,296
May 20031697026.595.97$4,912
Apr 200308426.675.41$454
Mar 20031526431.146.10$5,123
Feb 2003170033.487.93$5,692
Jan 2003179730.315.58$5,465
Dec 200201426.914.85$68
Nov 20021793824.664.14$4,571
Oct 20021886826.464.23$5,262
Sep 200205127.443.64$185
Aug 20021406525.963.16$3,840
Jul 200217913224.583.06$4,804
Jun 200218910023.733.34$4,819
May 200205024.663.58$179
Apr 20021765523.653.51$4,356
Mar 20021745022.003.10$3,983
Feb 200203218.222.38$76
Jan 20021475417.172.38$2,652
Dec 20011624416.932.36$2,847
Nov 20011728018.072.41$3,300
Oct 20011627919.782.53$3,404
Sep 20011468124.262.25$3,724
Aug 200114810024.873.05$3,986
Jul 20011468123.933.20$3,753
Jun 20011688024.563.82$4,432
May 20011806825.524.31$4,887
Apr 2001174024.685.34$4,294
Mar 20011883724.545.38$4,812
Feb 200106327.755.77$363
Jan 20011942027.478.40$5,497
Dec 200002026.889.12$182
Nov 20001445732.215.66$4,961
Oct 20001419031.235.15$4,867
Sep 200014910031.875.19$5,267
Aug 20001509729.644.54$4,886
Jul 20001929428.534.09$5,862
Jun 200017910129.304.40$5,689
May 2000959127.263.68$2,925
Apr 20001538324.513.12$4,009
Mar 20001477928.422.86$4,404
Feb 20001594727.622.73$4,520
Jan 20001496525.272.48$3,926
Dec 19991446224.282.42$3,647
Nov 19991636723.192.43$3,943
Oct 19991348020.982.80$3,036
Sep 19992187121.752.62$4,927
Aug 1999797619.262.88$1,740
Jul 199916614517.892.37$3,314
Jun 19991268415.942.36$2,207
May 19992138115.792.32$3,551
Apr 19991129615.102.21$1,903
Mar 199916911612.471.84$2,321
Feb 1999160899.981.82$1,759
Jan 19991809710.381.90$2,053
Dec 1998150829.201.77$1,525
Nov 19981306910.892.19$1,567
Oct 19981859112.421.97$2,477
Sep 19981839612.592.08$2,504
Aug 199817711311.301.91$2,216
Jul 199821110511.742.24$2,712
Jun 199814510911.242.24$1,874
May 199819312312.622.21$2,707
Apr 199817511613.042.51$2,573
Mar 199819711312.802.31$2,783
Feb 199817511413.952.30$2,703
Jan 199818712914.702.15$3,027
Dec 199720211316.322.41$3,569
Nov 199719510618.193.09$3,874
Oct 199718611619.253.15$3,946
Sep 199719211317.742.95$3,740
Aug 199723011117.862.55$4,391
Jul 199713911617.582.25$2,704
Jun 19972049917.242.26$3,740
May 19971618418.972.31$3,248
Apr 19971929317.882.08$3,627
Mar 19972148518.951.94$4,220
Feb 19971747820.492.21$3,737
Jan 19972278223.483.54$5,620
Dec 19962408223.32$5,597
Nov 19961978321.97$4,328
Oct 19962369523.31$5,501
Sep 199621610922.22$4,800
Aug 199622815720.26$4,619
Jul 199623616519.55$4,614
Jun 199620217618.73$3,783
May 199624216719.43$4,702
Apr 199621213221.51$4,560
Mar 199625214719.38$4,884
Feb 199620914416.98$3,549
Jan 199626014317.07$4,438
Dec 199525516417.19$4,383
Nov 199526513716.00$4,240
Oct 199525617015.43$3,950
Sep 199515815316.18$2,556
Aug 199523617215.92$3,757
Jul 199521016415.24$3,200
Jun 199524923616.41$4,086
May 199528515517.56$5,005
Apr 199525015117.73$4,433
Mar 199530011616.44$4,932
Feb 199514710416.58$2,437
Jan 199527313415.92$4,346
Dec 199428117115.03$4,223
Nov 199424717615.90$3,927
Oct 199425815915.58$4,020
Sep 199424620015.29$3,761
Aug 199420020116.13$3,226
Jul 199417917517.56$3,143
Jun 199419516317.09$3,333
May 199422119415.88$3,509
Apr 199425817014.14$3,648
Mar 199422122712.46$2,754
Feb 199420611812.50$2,575
Jan 199424633012.66$3,114
Dec 199332114212.33$3,958
Nov 19933039914.49$4,390
Oct 199333313415.85$5,278
Sep 199327726415.03$4,163
Aug 199330424815.66$4,761
Jul 199331325215.46$4,839
Jun 199330524616.79$5,121
May 199336322517.68$6,418
Apr 199344869618.05$8,086
Mar 199348537518.14$8,798
Feb 199338070617.90$6,802
Jan 199354829016.93$9,278

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                  170 bbl  × $106.41 =    $18,090
Casinghead gas         0 Mcf  × $  3.05 =         $0

────────────────────────────────────────────────────
Month total                                  $18,090

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/7992 is the state's own key, not one this site invented.