SHOULTS, E. C.

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 8260District 6EField 27302001OilCasinghead gasSaveExport
Value, all time
$16.0 M
Jan 1993 – May 2026
Value, last 12 filed months
$438 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
OilDisposition355,307 bbl$15,346,008
Casinghead gasProduction193,508 Mcf$620,672
Total$15,966,679

40,317 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 20264950106.413.05$52,673
Apr 202652844598.932.87$53,512
Mar 202651947989.753.15$48,089
Feb 202664844163.503.75$42,802
Jan 202633932059.138.00$22,604
Dec 202554149556.664.41$32,838
Nov 202552651158.593.93$32,825
Oct 202553445659.383.30$33,216
Sep 202550651162.743.08$33,319
Aug 202536051563.933.01$24,567
Jul 202553549166.743.32$37,334
Jun 202534241366.483.13$24,028
May 202551540360.553.23$32,486
Apr 202535047362.363.54$23,502
Mar 202566643567.704.27$46,945
Feb 202538136370.884.34$28,581
Jan 202548833274.324.28$37,689
Dec 202452240168.993.12$37,264
Nov 202452541469.052.20$37,161
Oct 202451448771.372.28$37,795
Sep 202468344569.612.36$48,596
Aug 202437347575.632.06$29,190
Jul 202436545779.932.15$30,155
Jun 202468648178.082.63$54,830
May 202465147878.812.20$52,356
Apr 202433239984.451.66$28,699
Mar 202470141080.301.55$56,924
Feb 202452441976.091.78$40,619
Jan 202471445473.023.30$53,633
Dec 202352442171.262.61$38,439
Nov 2023535077.892.81$41,671
Oct 202370949385.443.09$62,099
Sep 202354550189.042.74$49,897
Aug 202374356180.522.67$61,326
Jul 202369655274.852.64$53,554
Jun 202355155268.962.26$39,244
May 202369251870.622.23$50,023
Apr 202349157078.122.24$39,632
Mar 202367850272.852.39$50,594
Feb 2023579075.112.47$43,489
Jan 202382753376.533.39$65,096
Dec 202267955476.415.73$55,056
Nov 202271352885.005.65$63,586
Oct 202271556987.185.86$65,670
Sep 202269856984.888.16$63,891
Aug 202255055494.529.13$57,042
Jul 2022676596101.587.54$73,163
Jun 2022687599115.097.98$83,845
May 2022859488109.378.43$98,064
Apr 2022528488104.226.84$58,365
Mar 2022672544108.885.08$75,929
Feb 202272750091.054.86$68,623
Jan 202271854081.844.54$61,211
Dec 202176155971.323.90$56,454
Nov 202156853477.435.24$46,777
Oct 202188852679.795.71$73,859
Sep 202153751069.865.35$40,244
Aug 202148944666.024.22$34,166
Jul 202169258970.783.98$51,325
Jun 202173446669.493.38$52,581
May 202170458363.483.02$46,449
Apr 202152946460.362.76$33,210
Mar 202191450861.302.72$57,408
Feb 202118927257.805.55$12,433
Jan 202173147250.412.81$38,176
Dec 202081954344.642.68$38,013
Nov 202072156938.772.71$29,493
Oct 202070751236.972.48$27,407
Sep 202056044437.091.99$21,654
Aug 202086758639.982.39$36,060
Jul 202063957138.371.83$25,561
Jun 202051350334.901.69$18,754
May 202071858016.921.81$13,201
Apr 202070850314.751.80$11,351
Mar 202089553630.341.86$28,149
Feb 202072646849.881.98$37,140
Jan 202068850157.252.09$40,437
Dec 201966441359.012.30$40,134
Nov 201984047355.302.75$47,753
Oct 201954138753.472.42$29,863
Sep 201935826055.052.66$20,399
Aug 201968743053.112.30$37,477
Jul 2019684056.272.46$38,489
Jun 2019635052.782.49$33,515
May 2019501058.482.74$29,298
Apr 2019855062.632.75$53,549
Mar 2019738056.803.06$41,918
Feb 2019709050.852.79$36,053
Jan 2019725046.033.23$33,372
Dec 2018888046.594.19$41,372
Nov 2018727052.934.24$38,480
Oct 201869152761.443.40$44,246
Sep 201870152759.543.11$43,375
Aug 201864954659.403.07$40,225
Jul 201888359265.142.93$59,254
Jun 201870453760.183.08$44,019
May 201871855465.382.90$48,550
Apr 201871347463.842.90$46,893
Mar 201870947461.222.79$44,726
Feb 201871943161.782.77$45,612
Jan 201888245362.874.01$57,268
Dec 201770650357.272.92$41,902
Nov 2017720055.423.12$39,902
Oct 201790356449.292.98$46,192
Sep 201782555047.523.09$40,902
Aug 201772657445.373.00$34,663
Jul 201767255743.873.09$31,200
Jun 201788454042.493.09$39,228
May 201771752445.373.26$34,240
Apr 201771547747.933.21$35,802
Mar 201771450346.772.98$34,895
Feb 201769943150.452.95$36,537
Jan 201770849949.413.42$36,688
Dec 201683949348.763.72$42,745
Nov 201671549742.492.64$31,695
Oct 201689155546.193.09$42,870
Sep 201671553141.553.10$31,355
Aug 201671550941.442.92$31,118
Jul 201653745041.622.92$23,666
Jun 201669545945.352.69$32,751
May 201671546342.521.99$31,324
Apr 201691352236.561.99$34,419
Mar 201671446233.011.79$24,398
Feb 201674750626.472.06$20,817
Jan 201654447927.352.36$16,011
Dec 20151,05451732.362.00$35,142
Nov 201571251938.792.17$28,743
Oct 201572857443.552.43$33,097
Sep 201589958142.992.76$40,251
Aug 201572460740.162.87$30,819
Jul 201586861748.152.95$43,611
Jun 201590658756.152.88$52,564
May 201590461255.212.96$51,719
Apr 201590362149.822.71$46,668
Mar 201590156242.892.93$40,293
Feb 201573348244.662.98$34,170
Jan 201574451343.433.10$33,903
Dec 201489458154.693.59$50,979
Nov 201472448270.464.25$53,062
Oct 201488956478.303.90$71,809
Sep 201491556986.164.05$81,138
Aug 201488460089.394.04$81,442
Jul 201472461196.564.18$72,463
Jun 201490659498.164.74$91,747
May 20141,00260994.734.73$97,798
Apr 201488257995.944.81$87,404
Mar 201483944395.895.06$82,692
Feb 201489755497.406.19$90,798
Jan 20141,00759990.404.86$93,944
Dec 20131,04162191.824.35$98,289
Nov 20131,10059988.853.74$99,974
Oct 20131,21166197.423.78$120,474
Sep 20131,060658104.113.72$112,803
Aug 2013918677104.253.52$98,086
Jul 2013726587102.523.72$76,612
Jun 201335733294.403.93$35,007
May 201346734294.834.15$45,705
Apr 201351032693.964.28$49,316
Mar 201336728593.623.91$35,474
Feb 201351626991.233.42$47,995
Jan 201353230991.603.42$49,788
Dec 201250030686.773.42$44,432
Nov 201267335086.953.62$59,786
Oct 201251836889.383.40$47,550
Sep 201271834994.672.92$68,992
Aug 201236133192.662.91$34,413
Jul 201269938185.133.02$60,657
Jun 201234931379.822.52$28,646
May 201267737491.612.49$62,951
Apr 2012545370101.652.00$56,138
Mar 2012537345105.052.22$57,178
Feb 2012686282101.102.57$70,079
Jan 201252831298.092.73$52,645
Dec 201154227396.873.24$53,388
Nov 201154032095.723.31$52,748
Oct 201172034384.983.65$62,437
Sep 201152931683.623.99$45,494
Aug 201154237483.404.15$46,755
Jul 201154836094.144.52$53,215
Jun 201156234292.904.64$53,797
May 201172538298.134.40$72,827
Apr 2011557376105.964.33$60,649
Mar 201169837296.364.06$68,769
Feb 201156132585.644.18$49,403
Jan 201174436186.504.59$66,013
Dec 201075937685.734.35$66,704
Nov 201061238780.843.80$50,943
Oct 201056036578.103.51$45,017
Sep 201055541072.633.98$41,941
Aug 201074143073.684.42$56,497
Jul 201053536072.554.74$40,519
Jun 201071043370.364.91$52,082
May 201071943971.124.24$52,995
Apr 201054332681.694.12$45,702
Mar 201071439178.394.39$57,686
Feb 201075826173.585.44$57,194
Jan 201055431274.365.96$43,056
Dec 200974130271.445.48$54,593
Nov 200952631274.593.75$40,405
Oct 200976332972.544.11$56,700
Sep 200956734765.543.06$38,225
Aug 200975135767.423.22$51,781
Jul 200956136861.133.46$35,569
Jun 200957934066.163.90$39,631
May 200973632854.743.93$41,576
Apr 200957029846.773.59$27,728
Mar 200975630942.144.06$33,112
Feb 200954827432.814.63$19,249
Jan 200973029935.865.37$27,784
Dec 200874228337.105.98$29,220
Nov 200855330055.496.86$32,744
Oct 200855932875.246.92$44,330
Sep 2008545284101.767.88$57,696
Aug 2008542380114.228.48$65,131
Jul 2008722390131.0811.39$99,082
Jun 2008549394131.3313.03$77,235
May 2008551347123.1711.57$71,883
Apr 2008731338110.3110.45$84,170
Mar 2008567330101.909.66$60,966
Feb 200854931192.538.77$53,527
Jan 200872431990.388.21$68,053
Dec 200754932288.337.30$50,844
Nov 200773533891.677.29$69,842
Oct 200753833582.856.92$46,892
Sep 200751531175.846.24$41,000
Aug 200772534869.066.39$52,292
Jul 200754333070.906.39$40,607
Jun 200754528562.007.55$35,941
May 200754929958.747.85$34,594
Apr 200755427959.617.81$35,202
Mar 200755928356.927.30$33,885
Feb 200756625855.108.22$33,306
Jan 200755828650.306.73$29,991
Dec 200656229356.656.92$33,864
Nov 200673529654.207.62$42,092
Oct 200652632854.906.01$30,850
Sep 200653336960.085.04$33,881
Aug 200673753368.717.34$54,551
Jul 200652151969.376.34$39,434
Jun 200655649966.286.38$40,037
May 200673849466.016.42$51,889
Apr 200653646764.397.36$37,950
Mar 200674544356.707.08$45,379
Feb 200656636357.597.75$35,410
Jan 200670142260.598.93$46,243
Dec 200535610254.9413.42$20,927
Nov 200571915354.6910.59$40,942
Oct 200556518458.3413.80$35,501
Sep 200573225861.4512.08$48,098
Aug 200557429761.519.80$38,216
Jul 200572729755.697.84$42,816
Jun 200569732352.337.38$38,858
May 200575061845.226.65$38,025
Apr 200572836449.207.36$38,497
Mar 200591449650.377.15$49,587
Feb 200572643145.226.31$35,550
Jan 200591245043.166.32$42,207
Dec 200496645539.866.75$41,577
Nov 200458346345.286.33$29,329
Oct 200493450049.706.52$49,677
Sep 200456245543.245.28$26,705
Aug 200474254342.375.55$34,453
Jul 200492456438.286.08$38,802
Jun 200475843336.106.43$30,149
May 200474252637.486.49$31,226
Apr 200474845934.475.86$28,473
Mar 200492241334.365.53$33,964
Feb 200475445432.455.51$26,969
Jan 200475146632.036.30$26,990
Dec 200394139930.266.30$30,989
Nov 200373923828.804.60$22,377
Oct 200392227828.174.76$27,296
Sep 200373019426.314.75$20,128
Aug 200372924129.765.13$22,931
Jul 200394159929.415.17$30,772
Jun 200391954228.565.98$29,489
May 200393660526.595.97$28,502
Apr 200393953426.675.41$27,931
Mar 200392347231.146.10$31,620
Feb 2003928033.487.93$31,069
Jan 200395048530.315.58$31,502
Dec 20021,07046826.914.85$31,065
Nov 2002894024.664.14$22,046
Oct 200294348826.464.23$27,016
Sep 200291743927.443.64$26,758
Aug 200266246325.963.16$18,651
Jul 20021,09249724.583.06$28,363
Jun 200275144123.733.34$19,293
May 200256038924.663.58$15,204
Apr 20021,10949223.653.51$27,956
Mar 200272742822.003.10$17,322
Feb 2002907018.222.38$16,526
Jan 2002753017.172.38$12,929
Dec 2001751016.932.36$12,714
Nov 200195039418.072.41$18,114
Oct 200157440119.782.53$12,368
Sep 200174936524.262.25$18,992
Aug 200192155424.873.05$24,597
Jul 200174057823.933.20$19,556
Jun 200174541924.563.82$19,900
May 200193049625.524.31$25,870
Apr 200195047624.685.34$25,986
Mar 200156329124.545.38$15,381
Feb 200156324627.755.77$17,042
Jan 200137725527.478.40$12,498
Dec 200055222426.889.12$16,881
Nov 200055539132.215.66$20,089
Oct 200095759231.235.15$32,933
Sep 200094570331.875.19$33,763
Aug 200089968029.644.54$29,734
Jul 200093869128.534.09$29,587
Jun 200091568229.304.40$29,808
May 200092361627.263.68$27,428
Apr 200090255724.513.12$23,844
Mar 20001,07233228.422.86$31,416
Feb 200097341927.622.73$28,017
Jan 20001,00243125.272.48$26,390
Dec 19991,00545824.282.42$25,511
Nov 19991,01662623.192.43$25,085
Oct 19991,05844520.982.80$23,444
Sep 199993648921.752.62$21,639
Aug 19991,1371,60619.262.88$26,517
Jul 19991,0491,08217.892.37$21,334
Jun 19999661,04015.942.36$17,855
May 199997248615.792.32$16,476
Apr 19991,02450615.102.21$16,580
Mar 19991,01252712.471.84$13,588
Feb 19998723889.981.82$9,408
Jan 19991,03641410.381.90$11,540
Dec 19987893739.201.77$7,920
Nov 199892744710.892.19$11,072
Oct 199894846412.421.97$12,688
Sep 199892351512.592.08$12,693
Aug 199889849211.301.91$11,086
Jul 199897962911.742.24$12,901
Jun 199893259711.242.24$11,811
May 19981,01951812.622.21$14,003
Apr 199892035313.042.51$12,881
Mar 19981,08836512.802.31$14,769
Feb 199895631413.952.30$14,058
Jan 19981,03634414.702.15$15,970
Dec 19971,13035116.322.41$19,288
Nov 19971,13437518.193.09$21,786
Oct 19971,27059019.253.15$26,306
Sep 19971,29973317.742.95$25,210
Aug 19971,55868617.862.55$29,578
Jul 19971,55243817.582.25$28,268
Jun 19971,49857717.242.26$27,128
May 19971,45570718.972.31$29,233
Apr 19971,45061117.882.08$27,199
Mar 19971,53967018.951.94$30,463
Feb 19971,29461020.492.21$27,860
Jan 19971,50754523.483.54$37,314
Dec 19961,50746423.32$35,143
Nov 19961,46550121.97$32,186
Oct 19961,46046323.31$34,033
Sep 19961,34146822.22$29,797
Aug 19961,39163120.26$28,182
Jul 19961,59082019.55$31,085
Jun 19961,54578918.73$28,938
May 19961,67374619.43$32,506
Apr 19961,57973221.51$33,964
Mar 19961,62666719.38$31,512
Feb 19961,60149216.98$27,185
Jan 19961,76256417.07$30,077
Dec 19951,70382817.19$29,275
Nov 19951,68187616.00$26,896
Oct 19951,57089915.43$24,225
Sep 19951,68263916.18$27,215
Aug 19951,79778315.92$28,608
Jul 19951,75976015.24$26,807
Jun 19951,79877116.41$29,505
May 19951,80187817.56$31,626
Apr 19951,70481117.73$30,212
Mar 19952,03385516.44$33,423
Feb 19951,62272816.58$26,893
Jan 19951,88781615.92$30,041
Dec 19941,8971,21815.03$28,512
Nov 19941,90598015.90$30,290
Oct 19941,75398815.58$27,312
Sep 19941,79967615.29$27,507
Aug 19941,9321,18016.13$31,163
Jul 19942,04389617.56$35,875
Jun 19941,98645317.09$33,941
May 19941,99859015.88$31,728
Apr 19941,87452214.14$26,498
Mar 19942,11592212.46$26,353
Feb 19941,93986512.50$24,238
Jan 19942,4441,05512.66$30,941
Dec 19932,4991,02012.33$30,813
Nov 19932,3981,03014.49$34,747
Oct 19932,1981,02315.85$34,838
Sep 19932,4891,09915.03$37,410
Aug 19932,70294815.66$42,313
Jul 19932,6611,06715.46$41,139
Jun 19932,5101,08116.79$42,143
May 19932,8001,18617.68$49,504
Apr 19932,8341,12118.05$51,154
Mar 19932,75896118.14$50,030
Feb 19932,6211,05217.90$46,916
Jan 19932,7581,40316.93$46,693

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                  495 bbl  × $106.41 =    $52,673
Casinghead gas         0 Mcf  × $  3.05 =         $0

────────────────────────────────────────────────────
Month total                                  $52,673

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/8260 is the state's own key, not one this site invented.