TALLEY, M. M.

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 7997District 6EField 27302001OilCasinghead gasSaveExport
Value, all time
$2.8 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
OilDisposition85,402 bbl$2,821,259
Casinghead gasProduction54 Mcf$14
Total$2,821,273

48 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 2024167068.993.12$11,521
Nov 20240069.052.20$0
Oct 20240071.372.28$0
Sep 2024149069.612.36$10,372
Aug 20240075.632.06$0
Jul 2024164079.932.15$13,109
Jun 20240078.082.63$0
May 20240078.812.20$0
Apr 20240084.451.66$0
Mar 2024145080.301.55$11,644
Feb 20240076.091.78$0
Jan 20240073.023.30$0
Dec 20230071.262.61$0
Nov 2023149077.892.81$11,606
Oct 20230085.443.09$0
Sep 20230089.042.74$0
Aug 2023138080.522.67$11,112
Jul 20230074.852.64$0
Jun 2023130068.962.26$8,965
May 20230070.622.23$0
Apr 2023152078.122.24$11,874
Mar 20230072.852.39$0
Feb 20230075.112.47$0
Jan 2023143076.533.39$10,944
Dec 20220076.415.73$0
Nov 2022154085.005.65$13,090
Oct 20220087.185.86$0
Sep 2022160084.888.16$13,581
Aug 20220094.529.13$0
Jul 20221450101.587.54$14,729
Jun 20221630115.097.98$18,760
May 202200109.378.43$0
Apr 20221570104.226.84$16,363
Mar 20221320108.885.08$14,372
Feb 20220091.054.86$0
Jan 2022145081.844.54$11,867
Dec 2021159071.323.90$11,340
Nov 20210077.435.24$0
Oct 2021147079.795.71$11,729
Sep 2021154069.865.35$10,758
Aug 2021150066.024.22$9,903
Jul 20210070.783.98$0
Jun 2021163069.493.38$11,327
May 2021142063.483.02$9,014
Apr 2021166060.362.76$10,020
Mar 20210061.302.72$0
Feb 2021156057.805.55$9,017
Jan 2021154050.412.81$7,763
Dec 20200044.642.68$0
Nov 2020159038.772.71$6,164
Oct 2020159036.972.48$5,878
Sep 2020158037.091.99$5,860
Aug 2020167039.982.39$6,677
Jul 20200038.371.83$0
Jun 2020167034.901.69$5,828
May 2020153016.921.81$2,589
Apr 2020158014.751.80$2,331
Mar 2020150030.341.86$4,551
Feb 20200049.881.98$0
Jan 2020144057.252.09$8,244
Dec 2019162059.012.30$9,560
Nov 2019158055.302.75$8,737
Oct 2019163053.472.42$8,716
Sep 2019156055.052.66$8,588
Aug 2019145053.112.30$7,701
Jul 2019161056.272.46$9,059
Jun 2019163052.782.49$8,603
May 2019135058.482.74$7,895
Apr 2019171062.632.75$10,710
Mar 2019169056.803.06$9,599
Feb 2019147050.852.79$7,475
Jan 2019157046.033.23$7,227
Dec 2018157046.594.19$7,315
Nov 2018164052.934.24$8,681
Oct 2018159061.443.40$9,769
Sep 2018161059.543.11$9,586
Aug 2018156059.403.07$9,266
Jul 2018148065.142.93$9,641
Jun 2018138060.183.08$8,305
May 2018151065.382.90$9,872
Apr 2018153063.842.90$9,768
Mar 2018311061.222.79$19,039
Feb 2018170061.782.77$10,503
Jan 2018143062.874.01$8,990
Dec 2017180057.272.92$10,309
Nov 2017308055.423.12$17,069
Oct 2017155049.292.98$7,640
Sep 2017159047.523.09$7,556
Aug 2017324045.373.00$14,700
Jul 2017163043.873.09$7,151
Jun 2017163042.493.09$6,926
May 2017338045.373.26$15,335
Apr 2017161047.933.21$7,717
Mar 2017335046.772.98$15,668
Feb 2017151050.452.95$7,618
Jan 2017336049.413.42$16,602
Dec 2016155048.763.72$7,558
Nov 2016333042.492.64$14,149
Oct 2016151046.193.09$6,975
Sep 2016172041.553.10$7,147
Aug 20160041.442.92$0
Jul 20160041.622.92$0
Jun 20160045.352.69$0
May 20160042.521.99$0
Apr 20160036.561.99$0
Mar 20160033.011.79$0
Feb 20160026.472.06$0
Jan 20160027.352.36$0
Dec 20150032.362.00$0
Nov 2015155038.792.17$6,012
Oct 20150043.552.43$0
Sep 2015115042.992.76$4,944
Aug 2015151040.162.87$6,064
Jul 20150048.152.95$0
Jun 2015162056.152.88$9,096
May 20150055.212.96$0
Apr 2015166049.822.71$8,270
Mar 2015168042.892.93$7,206
Feb 20150044.662.98$0
Jan 2015163043.433.10$7,079
Dec 20140054.693.59$0
Nov 2014168070.464.25$11,837
Oct 2014160078.303.90$12,528
Sep 20140086.164.05$0
Aug 2014166089.394.04$14,839
Jul 2014174096.564.18$16,801
Jun 2014179098.164.74$17,571
May 20140094.734.73$0
Apr 2014152095.944.81$14,583
Mar 2014158095.895.06$15,151
Feb 2014164097.406.19$15,974
Jan 2014180090.404.86$16,272
Dec 2013166091.824.35$15,242
Nov 20130088.853.74$0
Oct 2013168097.423.78$16,367
Sep 20131740104.113.72$18,115
Aug 20131770104.253.52$18,452
Jul 20131550102.523.72$15,891
Jun 2013164094.403.93$15,482
May 2013164094.834.15$15,552
Apr 2013161093.964.28$15,128
Mar 20130093.623.91$0
Feb 2013158091.233.42$14,414
Jan 2013167091.603.42$15,297
Dec 20120086.773.42$0
Nov 20120086.953.62$0
Oct 20120089.383.40$0
Sep 2012155094.672.92$14,674
Aug 20120092.662.91$0
Jul 20120085.133.02$0
Jun 20120079.822.52$0
May 20120091.612.49$0
Apr 201200101.652.00$0
Mar 20121520105.052.22$15,968
Feb 201200101.102.57$0
Jan 20120098.092.73$0
Dec 20110096.873.24$0
Nov 2011162095.723.31$15,507
Oct 20110084.983.65$0
Sep 20110083.623.99$0
Aug 20110083.404.15$0
Jul 20110094.144.52$0
Jun 2011162092.904.64$15,050
May 20110098.134.40$0
Apr 201100105.964.33$0
Mar 20110096.364.06$0
Feb 2011159085.644.18$13,617
Jan 20110086.504.59$0
Dec 2010158085.734.35$13,545
Nov 20100080.843.80$0
Oct 20100078.103.51$0
Sep 2010161072.633.98$11,693
Aug 20100073.684.42$0
Jul 20100072.554.74$0
Jun 2010138070.364.91$9,710
May 20100071.124.24$0
Apr 2010136081.694.12$11,110
Mar 20100078.394.39$0
Feb 2010179073.585.44$13,171
Jan 20100074.365.96$0
Dec 20090071.445.48$0
Nov 2009151074.593.75$11,263
Oct 2009152072.544.11$11,026
Sep 20090065.543.06$0
Aug 2009152067.423.22$10,248
Jul 20090061.133.46$0
Jun 2009154066.163.90$10,189
May 2009166054.743.93$9,087
Apr 20090046.773.59$0
Mar 2009166042.144.06$6,995
Feb 20090032.814.63$0
Jan 2009174035.865.37$6,240
Dec 2008165037.105.98$6,122
Nov 20080055.496.86$0
Oct 2008174075.246.92$13,092
Sep 20081630101.767.88$16,587
Aug 200800114.228.48$0
Jul 20081530131.0811.39$20,055
Jun 20081510131.3313.03$19,831
May 20081570123.1711.57$19,338
Apr 200800110.3110.45$0
Mar 20081610101.909.66$16,406
Feb 2008158092.538.77$14,620
Jan 2008148090.388.21$13,376
Dec 2007172088.337.30$15,193
Nov 2007166091.677.29$15,217
Oct 2007172082.856.92$14,250
Sep 2007151075.846.24$11,452
Aug 2007169069.066.39$11,671
Jul 2007170070.906.39$12,053
Jun 2007171062.007.55$10,602
May 2007166058.747.85$9,751
Apr 2007165059.617.81$9,836
Mar 2007351056.927.30$19,979
Feb 20070055.108.22$0
Jan 2007172050.306.73$8,652
Dec 2006178056.656.92$10,084
Nov 2006175054.207.62$9,485
Oct 20060054.906.01$0
Sep 2006176060.085.04$10,574
Aug 2006157068.717.34$10,787
Jul 2006160069.376.34$11,099
Jun 2006164066.286.38$10,870
May 2006172066.016.42$11,354
Apr 2006160064.397.36$10,302
Mar 2006180056.707.08$10,206
Feb 2006183057.597.75$10,539
Jan 2006186060.598.93$11,270
Dec 20050054.9413.42$0
Nov 2005158054.6910.59$8,641
Oct 20050058.3413.80$0
Sep 2005139061.4512.08$8,542
Aug 2005145061.519.80$8,919
Jul 2005139055.697.84$7,741
Jun 2005134052.337.38$7,012
May 2005141045.226.65$6,376
Apr 2005152049.207.36$7,478
Mar 2005174050.377.15$8,764
Feb 2005135045.226.31$6,105
Jan 20050043.166.32$0
Dec 2004168039.866.75$6,696
Nov 2004157045.286.33$7,109
Oct 20040049.706.52$0
Sep 20040043.245.28$0
Aug 200458042.375.55$2,457
Jul 200436038.286.08$1,378
Jun 200495036.106.43$3,430
May 2004169037.486.49$6,334
Apr 2004171034.475.86$5,894
Mar 2004177034.365.53$6,082
Feb 20040032.455.51$0
Jan 20040032.036.30$0
Dec 20030030.266.30$0
Nov 200339028.804.60$1,123
Oct 20030028.174.76$0
Sep 20030026.314.75$0
Aug 20030029.765.13$0
Jul 200370029.415.17$2,059
Jun 20030028.565.98$0
May 20030026.595.97$0
Apr 2003112026.675.41$2,987
Mar 2003147031.146.10$4,578
Feb 20030033.487.93$0
Jan 2003147030.315.58$4,456
Dec 20020026.914.85$0
Nov 200294024.664.14$2,318
Oct 2002148026.464.23$3,916
Sep 2002194027.443.64$5,323
Aug 2002192025.963.16$4,984
Jul 2002208024.583.06$5,113
Jun 2002172023.733.34$4,082
May 2002315024.663.58$7,768
Apr 2002202023.653.51$4,777
Mar 2002208022.003.10$4,576
Feb 2002199018.222.38$3,626
Jan 2002181017.172.38$3,108
Dec 2001305016.932.36$5,164
Nov 2001197018.072.41$3,560
Oct 2001213019.782.53$4,213
Sep 2001120024.262.25$2,911
Aug 2001203024.873.05$5,049
Jul 2001312023.933.20$7,466
Jun 2001380024.563.82$9,333
May 2001382025.524.31$9,749
Apr 2001387024.685.34$9,551
Mar 2001403024.545.38$9,890
Feb 2001367027.755.77$10,184
Jan 2001460027.478.40$12,636
Dec 2000205026.889.12$5,510
Nov 2000471032.215.66$15,171
Oct 2000373031.235.15$11,649
Sep 2000387031.875.19$12,334
Aug 2000373029.644.54$11,056
Jul 2000283028.534.09$8,074
Jun 2000138029.304.40$4,043
May 2000187027.263.68$5,098
Apr 2000156024.513.12$3,824
Mar 2000145028.422.86$4,121
Feb 2000161027.622.73$4,447
Jan 2000169025.272.48$4,271
Dec 199996024.282.42$2,331
Nov 1999175023.192.43$4,058
Oct 1999181020.982.80$3,797
Sep 1999182021.752.62$3,959
Aug 1999165019.262.88$3,178
Jul 1999198017.892.37$3,542
Jun 1999198015.942.36$3,156
May 1999324015.792.32$5,116
Apr 1999192015.102.21$2,899
Mar 1999285012.471.84$3,554
Feb 199937809.981.82$3,772
Jan 1999211010.381.90$2,190
Dec 199832409.201.77$2,981
Nov 1998184010.892.19$2,004
Oct 1998324012.421.97$4,024
Sep 1998182012.592.08$2,291
Aug 1998192011.301.91$2,170
Jul 1998281011.742.24$3,299
Jun 1998202011.242.24$2,270
May 1998215012.622.21$2,713
Apr 1998211013.042.51$2,751
Mar 1998197012.802.31$2,522
Feb 1998198013.952.30$2,762
Jan 1998254014.702.15$3,734
Dec 1997213016.322.41$3,476
Nov 1997198018.193.09$3,602
Oct 1997203019.253.15$3,908
Sep 1997204017.742.95$3,619
Aug 1997257017.862.55$4,590
Jul 1997361017.582.25$6,346
Jun 1997193117.242.26$3,330
May 1997308118.972.31$5,845
Apr 1997309117.882.08$5,527
Mar 1997180118.951.94$3,413
Feb 1997300120.492.21$6,149
Jan 1997380123.483.54$8,926
Dec 1996358123.32$8,349
Nov 1996199121.97$4,372
Oct 1996390123.31$9,091
Sep 1996401122.22$8,910
Aug 1996399120.26$8,084
Jul 1996388119.55$7,585
Jun 1996387118.73$7,249
May 1996640119.43$12,435
Apr 1996401121.51$8,626
Mar 1996754119.38$14,613
Feb 1996598116.98$10,154
Jan 1996833117.07$14,219
Dec 1995576117.19$9,901
Nov 1995840116.00$13,440
Oct 1995417115.43$6,434
Sep 1995320116.18$5,178
Aug 1995638115.92$10,157
Jul 1995714115.24$10,881
Jun 1995833116.41$13,670
May 1995831117.56$14,592
Apr 1995773117.73$13,705
Mar 1995934116.44$15,355
Feb 1995841116.58$13,944
Jan 1995779115.92$12,402
Dec 1994749115.03$11,257
Nov 1994817115.90$12,990
Oct 1994923115.58$14,380
Sep 1994798115.29$12,201
Aug 1994957116.13$15,436
Jul 1994994117.56$17,455
Jun 1994978117.09$16,714
May 19941,004115.88$15,944
Apr 19941,002114.14$14,168
Mar 19941,030112.46$12,834
Feb 19941,015112.50$12,688
Jan 19941,159112.66$14,673
Dec 19931,267112.33$15,622
Nov 19931,196114.49$17,330
Oct 19931,389115.85$22,016
Sep 19931,222115.03$18,367
Aug 19931,255115.66$19,653
Jul 19931,544115.46$23,870
Jun 19931,334116.79$22,398
May 19931,253117.68$22,153
Apr 19931,003118.05$18,104
Mar 19931,203118.14$21,822
Feb 19931,005117.90$17,990
Jan 1993914116.93$15,474

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.

Dec 2024 — as filed, then multipliedworked
Oil                  167 bbl  × $ 68.99 =    $11,521
Casinghead gas         0 Mcf  × $  3.12 =         $0

────────────────────────────────────────────────────
Month total                                  $11,521

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/7997 is the state's own key, not one this site invented.