LEE, T. W.

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 8306District 6EField 27302001OilCasinghead gasSaveExport
Value, all time
$12.1 M
Jan 1993 – May 2026
Value, last 12 filed months
$192 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
OilDisposition222,708 bbl$11,794,950
Casinghead gasProduction65,692 Mcf$275,825
Total$12,070,775

1,072 Mcf of this lease's gas, across 25 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 20261280106.413.05$13,620
Apr 2026129098.932.87$12,762
Mar 2026155089.753.15$13,911
Feb 2026309063.503.75$19,622
Jan 2026314059.138.00$18,567
Dec 2025311056.664.41$17,621
Nov 2025291058.593.93$17,050
Oct 2025133059.383.30$7,898
Sep 2025305062.743.08$19,136
Aug 2025310063.933.01$19,818
Jul 20250066.743.32$0
Jun 2025487066.483.13$32,376
May 2025466060.553.23$28,216
Apr 2025310062.363.54$19,332
Mar 2025307067.704.27$20,784
Feb 20250070.884.34$0
Jan 2025130074.324.28$9,662
Dec 2024148068.993.12$10,211
Nov 2024311069.052.20$21,475
Oct 2024460071.372.28$32,830
Sep 2024426069.612.36$29,654
Aug 2024308075.632.06$23,294
Jul 2024161079.932.15$12,869
Jun 20240078.082.63$0
May 2024303078.812.20$23,879
Apr 2024309084.451.66$26,095
Mar 2024463080.301.55$37,179
Feb 2024309076.091.78$23,512
Jan 2024456073.023.30$33,297
Dec 2023481071.262.61$34,276
Nov 2023632077.892.81$49,226
Oct 2023489085.443.09$41,780
Sep 2023337089.042.74$30,006
Aug 2023451080.522.67$36,315
Jul 2023151074.852.64$11,302
Jun 2023388068.962.26$26,756
May 2023459070.622.23$32,415
Apr 2023305078.122.24$23,827
Mar 2023306072.852.39$22,292
Feb 2023310075.112.47$23,284
Jan 2023302076.533.39$23,112
Dec 2022274076.415.73$20,936
Nov 2022300085.005.65$25,500
Oct 2022303087.185.86$26,416
Sep 2022307084.888.16$26,058
Aug 2022317094.529.13$29,963
Jul 20222500101.587.54$25,395
Jun 20223240115.097.98$37,289
May 20221580109.378.43$17,280
Apr 20223140104.226.84$32,725
Mar 20223910108.885.08$42,572
Feb 2022313091.054.86$28,499
Jan 2022323081.844.54$26,434
Dec 2021251071.323.90$17,901
Nov 2021462077.435.24$35,773
Oct 2021324079.795.71$25,852
Sep 2021488069.865.35$34,092
Aug 2021310066.024.22$20,466
Jul 2021449070.783.98$31,780
Jun 2021482069.493.38$33,494
May 2021313063.483.02$19,869
Apr 2021481060.362.76$29,033
Mar 2021473061.302.72$28,995
Feb 2021302057.805.55$17,456
Jan 2021362050.412.81$18,248
Dec 2020392044.642.68$17,499
Nov 2020322038.772.71$12,484
Oct 2020449036.972.48$16,600
Sep 2020313037.091.99$11,609
Aug 2020461039.982.39$18,431
Jul 2020456038.371.83$17,497
Jun 2020462034.901.69$16,124
May 202091016.921.81$1,540
Apr 2020231014.751.80$3,407
Mar 2020451030.341.86$13,683
Feb 2020313049.881.98$15,612
Jan 2020614057.252.09$35,152
Dec 2019297059.012.30$17,526
Nov 2019485055.302.75$26,821
Oct 2019488053.472.42$26,093
Sep 2019560055.052.66$30,828
Aug 2019457053.112.30$24,271
Jul 2019354056.272.46$19,920
Jun 2019463052.782.49$24,437
May 2019146058.482.74$8,538
Apr 2019460062.632.75$28,810
Mar 2019473056.803.06$26,866
Feb 2019470050.852.79$23,900
Jan 2019472046.033.23$21,726
Dec 2018626046.594.19$29,165
Nov 2018329052.934.24$17,414
Oct 2018602061.443.40$36,987
Sep 2018468059.543.11$27,865
Aug 2018614059.403.07$36,472
Jul 2018457065.142.93$29,769
Jun 2018459060.183.08$27,623
May 2018625065.382.90$40,863
Apr 2018608063.842.90$38,815
Mar 2018449061.222.79$27,488
Feb 2018475061.782.77$29,346
Jan 2018605062.874.01$38,036
Dec 2017625057.272.92$35,794
Nov 2017472055.423.12$26,158
Oct 2017337049.292.98$16,611
Sep 2017508047.523.09$24,140
Aug 201762952145.373.00$30,103
Jul 201747450643.873.09$22,357
Jun 201745948642.493.09$21,003
May 201745331545.373.26$21,581
Apr 201760618447.933.21$29,637
Mar 201761320646.772.98$29,285
Feb 201746115750.452.95$23,721
Jan 201762723649.413.42$31,787
Dec 201649716248.763.72$24,837
Nov 201644710842.492.64$19,279
Oct 201663215746.193.09$29,677
Sep 201663315241.553.10$26,772
Aug 201660814441.442.92$25,617
Jul 201644710141.622.92$18,900
Jun 201645114945.352.69$20,853
May 201630117242.521.99$13,141
Apr 201647219636.561.99$17,647
Mar 201615717333.011.79$5,493
Feb 201630816426.472.06$8,491
Jan 201631215227.352.36$8,893
Dec 201514410132.362.00$4,862
Nov 201551215538.792.17$20,196
Oct 201566816843.552.43$29,499
Sep 201550213942.992.76$21,964
Aug 201563014640.162.87$25,720
Jul 201547124948.152.95$23,412
Jun 201549435056.152.88$28,747
May 201550944155.212.96$29,405
Apr 201564250649.822.71$33,354
Mar 201566052942.892.93$29,860
Feb 201565044744.662.98$30,359
Jan 201549642543.433.10$22,859
Dec 201485251954.693.59$48,460
Nov 201451953670.464.25$38,848
Oct 201487751278.303.90$70,666
Sep 201453048886.164.05$47,639
Aug 201469056889.394.04$63,971
Jul 201467859296.564.18$67,942
Jun 201470948098.164.74$71,869
May 20141,02760094.734.73$100,124
Apr 201469871295.944.81$70,390
Mar 201499162895.895.06$98,203
Feb 201482561497.406.19$84,157
Jan 20141,02662390.404.86$95,779
Dec 201398963691.824.35$93,579
Nov 20131,03965988.853.74$94,779
Oct 201385262997.423.78$85,379
Sep 2013809461104.113.72$85,939
Aug 20131,006624104.253.52$107,074
Jul 2013859599102.523.72$90,292
Jun 201397153294.403.93$93,755
May 201384250094.834.15$81,921
Apr 20131,15356193.964.28$110,738
Mar 201348329793.623.91$46,381
Feb 201333922991.233.42$31,710
Jan 201362525491.603.42$58,119
Dec 201232626686.773.42$29,197
Nov 201250432086.953.62$44,983
Oct 201233534089.383.40$31,098
Sep 201265634794.672.92$63,116
Aug 201234137892.662.91$32,696
Jul 201248636485.133.02$42,473
Jun 201249338879.822.52$40,329
May 201265140291.612.49$60,638
Apr 2012510403101.652.00$52,646
Mar 2012485345105.052.22$51,716
Feb 2012494310101.102.57$50,740
Jan 201232934698.092.73$33,218
Dec 201161538696.873.24$60,826
Nov 201150334795.723.31$49,296
Oct 2011024284.983.65$883
Sep 20111778083.623.99$15,120
Aug 201153543983.404.15$46,441
Jul 201163342694.144.52$61,515
Jun 201150339692.904.64$48,566
May 201164443398.134.40$65,103
Apr 2011643372105.964.33$69,744
Mar 201165740396.364.06$64,944
Feb 201147528585.644.18$41,870
Jan 201163735686.504.59$56,734
Dec 201051134385.734.35$45,299
Nov 201081039680.843.80$66,983
Oct 201053537178.103.51$43,085
Sep 201065638672.633.98$49,181
Aug 201069541173.684.42$53,024
Jul 201070642072.554.74$53,210
Jun 201075941270.364.91$55,426
May 201086642871.124.24$63,403
Apr 201068338481.694.12$57,377
Mar 201049533178.394.39$40,256
Feb 201031120373.585.44$23,988
Jan 201097536974.365.96$74,702
Dec 200968132371.445.48$50,422
Nov 200943715574.593.75$33,177
Oct 200917732272.544.11$14,163
Sep 200949037065.543.06$33,249
Aug 200966141967.423.22$45,913
Jul 20091,17642661.133.46$73,365
Jun 200934335166.163.90$24,060
May 200949332854.743.93$28,274
Apr 200966535046.773.59$32,358
Mar 200980236642.144.06$35,282
Feb 200952333632.814.63$18,716
Jan 20091,36044735.865.37$51,170
Dec 200884944537.105.98$34,158
Nov 20081,04141155.496.86$60,585
Oct 2008836075.246.92$62,901
Sep 20083530101.767.88$35,921
Aug 20088200114.228.48$93,660
Jul 20087970131.0811.39$104,471
Jun 20088200131.3313.03$107,691
May 20083390123.1711.57$41,755
Apr 20082940110.3110.45$32,431
Mar 2008716233101.909.66$75,212
Feb 200873427992.538.77$70,364
Jan 200886025090.388.21$79,778
Dec 20071,25825988.337.30$113,010
Nov 200717424691.677.29$17,744
Oct 200791233082.856.92$77,843
Sep 20071,04331775.846.24$81,081
Aug 200770615269.066.39$49,727
Jul 200717615170.906.39$13,443
Jun 200768621862.007.55$44,178
May 200753819658.747.85$33,140
Apr 200770120959.617.81$43,418
Mar 200790315756.927.30$52,545
Feb 2007712055.108.22$39,231
Jan 20071,06618750.306.73$54,878
Dec 200670418156.656.92$41,134
Nov 200689414254.207.62$49,536
Oct 200685515854.906.01$47,890
Sep 200686021460.085.04$52,747
Aug 200698816768.717.34$69,111
Jul 20061,129069.376.34$78,319
Jun 20061,041066.286.38$68,997
May 2006869066.016.42$57,363
Apr 2006910064.397.36$58,595
Mar 20061,057056.707.08$59,932
Feb 2006892057.597.75$51,370
Jan 20061,208060.598.93$73,193
Dec 20051,068054.9413.42$58,676
Nov 20051,185054.6910.59$64,808
Oct 200586216758.3413.80$52,593
Sep 200569614761.4512.08$44,545
Aug 20051,16512261.519.80$72,854
Jul 20058665655.697.84$48,667
Jun 20051,0585452.337.38$55,764
May 20057033845.226.65$32,042
Apr 20055302549.207.36$26,260
Mar 2005707050.377.15$35,612
Feb 2005686045.226.31$31,021
Jan 20051,0156243.166.32$44,199
Dec 200473522239.866.75$30,796
Nov 200491324545.286.33$42,892
Oct 20041,19431249.706.52$61,375
Sep 20041,75536843.245.28$77,831
Aug 20041,05137742.375.55$46,623
Jul 200499330738.286.08$39,880
Jun 20041,01830236.106.43$38,693
May 20041,18538037.486.49$46,882
Apr 20041,01837034.475.86$37,258
Mar 20041,04041834.365.53$38,046
Feb 20041,01937132.455.51$35,111
Jan 200499928532.036.30$33,793
Dec 20031,55531330.266.30$49,027
Nov 20031,02629528.804.60$30,904
Oct 20031,19236528.174.76$35,316
Sep 20031,35440326.314.75$37,538
Aug 20031,56345129.765.13$48,828
Jul 20031,90841429.415.17$58,255
Jun 20032,09346728.565.98$62,570
May 20031,51350526.595.97$43,247
Apr 20031,40546626.675.41$39,991
Mar 20031,24049131.146.10$41,607
Feb 20031,77653933.487.93$63,733
Jan 20031,59253530.315.58$51,240
Dec 20021,92955326.914.85$54,594
Nov 20021,41165424.664.14$37,501
Oct 200282861926.464.23$24,527
Sep 20021,05359927.443.64$31,072
Aug 20021,21659925.963.16$33,463
Jul 20021,06757524.583.06$27,987
Jun 20021,40570823.733.34$35,704
May 20021,26166724.663.58$33,487
Apr 20021,24256823.653.51$31,368
Mar 20021,60052322.003.10$36,823
Feb 20021,26351918.222.38$24,245
Jan 20021,43858117.172.38$26,071
Dec 20011,26554216.932.36$22,698
Nov 20012,11550018.072.41$39,421
Oct 20012,28524119.782.53$45,807
Sep 20011,25969024.262.25$32,097
Aug 20011,41814024.873.05$35,693
Jul 2001701023.933.20$16,775
Jun 2001352024.563.82$8,645
May 20010025.524.31$0
Apr 20010024.685.34$0
Mar 20010024.545.38$0
Feb 20010027.755.77$0
Jan 20010027.478.40$0
Dec 20000026.889.12$0
Nov 20000032.215.66$0
Oct 20000031.235.15$0
Sep 20000031.875.19$0
Aug 20000029.644.54$0
Jul 20000028.534.09$0
Jun 20000029.304.40$0
May 20000027.263.68$0
Apr 20000024.513.12$0
Mar 20000028.422.86$0
Feb 20000027.622.73$0
Jan 20000025.272.48$0
Dec 19990024.282.42$0
Nov 19990023.192.43$0
Oct 19990020.982.80$0
Sep 19990021.752.62$0
Aug 19990019.262.88$0
Jul 19990017.892.37$0
Jun 19990015.942.36$0
May 19990015.792.32$0
Apr 19990015.102.21$0
Mar 19990012.471.84$0
Feb 1999009.981.82$0
Jan 19990010.381.90$0
Dec 1998009.201.77$0
Nov 19980010.892.19$0
Oct 19980012.421.97$0
Sep 199815012.592.08$189
Aug 19980011.301.91$0
Jul 19980011.742.24$0
Jun 19980011.242.24$0
May 19980012.622.21$0
Apr 199803413.042.51$85
Mar 199811413112.802.31$1,762
Feb 199816115713.952.30$2,607
Jan 1998011514.702.15$248
Dec 199717329216.322.41$3,527
Nov 199728628318.193.09$6,076
Oct 199731228619.253.15$6,907
Sep 199768833317.742.95$13,189
Aug 199733521017.862.55$6,520
Jul 199760522017.582.25$11,130
Jun 199745030517.242.26$8,446
May 19971046118.972.31$2,114
Apr 19970717.882.08$15
Mar 19970018.951.94$0
Feb 19973802120.492.21$7,833
Jan 199737014223.483.54$9,190
Dec 199651426723.32$11,986
Nov 199683127121.97$18,257
Oct 199689721623.31$20,909
Sep 199699023622.22$21,998
Aug 19966396220.26$12,946
Jul 1996582019.55$11,378
Jun 1996380018.73$7,117
May 19960019.43$0
Apr 19960021.51$0
Mar 19960019.38$0
Feb 1996182016.98$3,090
Jan 1996187017.07$3,192
Dec 199582017.19$1,410
Nov 1995110116.00$1,760
Oct 19950015.43$0
Sep 19950016.18$0
Aug 19950015.92$0
Jul 1995250015.24$3,810
Jun 1995167116.41$2,740
May 1995115117.56$2,019
Apr 1995190117.73$3,369
Mar 1995370016.44$6,083
Feb 1995754016.58$12,501
Jan 1995192015.92$3,057
Dec 1994668015.03$10,040
Nov 1994528015.90$8,395
Oct 1994522015.58$8,133
Sep 1994985115.29$15,061
Aug 1994841116.13$13,565
Jul 1994882117.56$15,488
Jun 1994710117.09$12,134
May 19941,034115.88$16,420
Apr 1994544114.14$7,692
Mar 1994347112.46$4,324
Feb 1994545012.50$6,813
Jan 1994840012.66$10,634
Dec 1993704012.33$8,680
Nov 19931,188014.49$17,214
Oct 19932,036015.85$32,271
Sep 1993801115.03$12,039
Aug 1993454115.66$7,110
Jul 1993115115.46$1,778
Jun 1993129116.79$2,166
May 1993355117.68$6,276
Apr 19930118.05$0
Mar 19930118.14$0
Feb 1993172117.90$3,079
Jan 19930116.93$0

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                  128 bbl  × $106.41 =    $13,620
Casinghead gas         0 Mcf  × $  3.05 =         $0

────────────────────────────────────────────────────
Month total                                  $13,620

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/8306 is the state's own key, not one this site invented.