PEGUES L. 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 8308District 6EField 27302001OilCasinghead gasSaveExport
Value, all time
$4.2 M
Jan 1993 – May 2026
Value, last 12 filed months
$164 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
OilDisposition94,911 bbl$4,231,624
Casinghead gasProduction16,496 Mcf$10,019
Total$4,241,643

12,185 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 20261760106.413.05$18,728
Apr 2026184098.932.87$18,203
Mar 2026340089.753.15$30,515
Feb 2026166063.503.75$10,541
Jan 2026178059.138.00$10,525
Dec 2025178056.664.41$10,085
Nov 2025171058.593.93$10,019
Oct 2025171059.383.30$10,154
Sep 2025163062.743.08$10,227
Aug 2025173063.933.01$11,060
Jul 2025175066.743.32$11,680
Jun 2025179066.483.13$11,900
May 2025179060.553.23$10,838
Apr 2025173062.363.54$10,788
Mar 2025155067.704.27$10,494
Feb 2025174070.884.34$12,333
Jan 2025165074.324.28$12,263
Dec 2024157068.993.12$10,831
Nov 2024158069.052.20$10,910
Oct 2024172071.372.28$12,276
Sep 2024161069.612.36$11,207
Aug 20240075.632.06$0
Jul 20240079.932.15$0
Jun 20240078.082.63$0
May 2024170078.812.20$13,398
Apr 2024165084.451.66$13,934
Mar 2024167080.301.55$13,410
Feb 2024171076.091.78$13,011
Jan 2024165073.023.30$12,048
Dec 2023172071.262.61$12,257
Nov 2023157077.892.81$12,229
Oct 2023165085.443.09$14,098
Sep 2023167089.042.74$14,870
Aug 2023167080.522.67$13,447
Jul 2023171074.852.64$12,799
Jun 20230068.962.26$0
May 2023166070.622.23$11,723
Apr 2023175078.122.24$13,671
Mar 2023162072.852.39$11,802
Feb 2023160075.112.47$12,018
Jan 2023171076.533.39$13,087
Dec 2022170076.415.73$12,990
Nov 20220085.005.65$0
Oct 2022150087.185.86$13,077
Sep 2022165084.888.16$14,005
Aug 2022170094.529.13$16,068
Jul 20221580101.587.54$16,050
Jun 202200115.097.98$0
May 20221760109.378.43$19,249
Apr 20221710104.226.84$17,822
Mar 20221630108.885.08$17,747
Feb 2022150091.054.86$13,658
Jan 2022171081.844.54$13,995
Dec 2021168071.323.90$11,982
Nov 2021170077.435.24$13,163
Oct 2021162079.795.71$12,926
Sep 2021165069.865.35$11,527
Aug 2021176066.024.22$11,620
Jul 2021167070.783.98$11,820
Jun 2021166069.493.38$11,535
May 2021165063.483.02$10,474
Apr 2021319060.362.76$19,255
Mar 2021164061.302.72$10,053
Feb 20210057.805.55$0
Jan 2021182050.412.81$9,175
Dec 2020321044.642.68$14,329
Nov 2020175038.772.71$6,785
Oct 2020149036.972.48$5,509
Sep 2020161037.091.99$5,971
Aug 2020159039.982.39$6,357
Jul 2020160038.371.83$6,139
Jun 2020171034.901.69$5,968
May 20200016.921.81$0
Apr 2020171014.751.80$2,522
Mar 2020333030.341.86$10,103
Feb 20200049.881.98$0
Jan 2020176057.252.09$10,076
Dec 2019344059.012.30$20,299
Nov 2019170055.302.75$9,401
Oct 2019179053.472.42$9,571
Sep 2019175055.052.66$9,634
Aug 2019174053.112.30$9,241
Jul 2019183056.272.46$10,297
Jun 2019170052.782.49$8,973
May 2019174058.482.74$10,176
Apr 2019175062.632.75$10,960
Mar 2019173056.803.06$9,826
Feb 2019167050.852.79$8,492
Jan 2019166046.033.23$7,641
Dec 2018162046.594.19$7,548
Nov 2018169052.934.24$8,945
Oct 2018170061.443.40$10,445
Sep 2018168059.543.11$10,003
Aug 2018168059.403.07$9,979
Jul 2018178065.142.93$11,595
Jun 20180060.183.08$0
May 2018173065.382.90$11,311
Apr 2018338063.842.90$21,578
Mar 2018173061.222.79$10,591
Feb 2018171061.782.77$10,564
Jan 2018165062.874.01$10,374
Dec 2017164057.272.92$9,392
Nov 2017171055.423.12$9,477
Oct 2017174049.292.98$8,576
Sep 2017171047.523.09$8,126
Aug 2017173045.373.00$7,849
Jul 2017174043.873.09$7,633
Jun 2017170042.493.09$7,223
May 2017170045.373.26$7,713
Apr 2017167047.933.21$8,004
Mar 2017162046.772.98$7,577
Feb 20170050.452.95$0
Jan 2017328049.413.42$16,206
Dec 2016164048.763.72$7,997
Nov 20160042.492.64$0
Oct 2016164046.193.09$7,575
Sep 2016170041.553.10$7,064
Aug 2016175041.442.92$7,252
Jul 2016168041.622.92$6,992
Jun 2016171045.352.69$7,755
May 2016184042.521.99$7,824
Apr 2016174036.561.99$6,361
Mar 2016168033.011.79$5,546
Feb 2016183026.472.06$4,844
Jan 2016165027.352.36$4,513
Dec 2015174032.362.00$5,631
Nov 2015339038.792.17$13,150
Oct 2015272043.552.43$11,846
Sep 2015358042.992.76$15,390
Aug 2015180040.162.87$7,229
Jul 2015178048.152.95$8,571
Jun 2015184056.152.88$10,332
May 2015187055.212.96$10,324
Apr 2015347049.822.71$17,288
Mar 2015190042.892.93$8,149
Feb 2015173044.662.98$7,726
Jan 2015188043.433.10$8,165
Dec 2014375054.693.59$20,509
Nov 2014185070.464.25$13,035
Oct 2014181078.303.90$14,172
Sep 2014181086.164.05$15,595
Aug 2014342089.394.04$30,571
Jul 2014166096.564.18$16,029
Jun 2014158098.164.74$15,509
May 2014341094.734.73$32,303
Apr 2014181095.944.81$17,365
Mar 2014182095.895.06$17,452
Feb 2014178097.406.19$17,337
Jan 2014359090.404.86$32,454
Dec 2013184091.824.35$16,895
Nov 2013183088.853.74$16,260
Oct 2013184097.423.78$17,925
Sep 20131810104.113.72$18,844
Aug 20131640104.253.52$17,097
Jul 20131700102.523.72$17,428
Jun 2013182094.403.93$17,181
May 2013187094.834.15$17,733
Apr 2013182093.964.28$17,101
Mar 2013164093.623.91$15,354
Feb 2013174091.233.42$15,874
Jan 2013183091.603.42$16,763
Dec 2012174086.773.42$15,098
Nov 2012184086.953.62$15,999
Oct 2012186089.383.40$16,625
Sep 2012185094.672.92$17,514
Aug 2012182092.662.91$16,864
Jul 2012185085.133.02$15,749
Jun 2012190079.822.52$15,166
May 2012179091.612.49$16,398
Apr 20121750101.652.00$17,789
Mar 20121910105.052.22$20,065
Feb 20121840101.102.57$18,602
Jan 2012185098.092.73$18,147
Dec 2011189096.873.24$18,308
Nov 2011184095.723.31$17,612
Oct 2011184084.983.65$15,636
Sep 20110083.623.99$0
Aug 2011365083.404.15$30,441
Jul 20110094.144.52$0
Jun 2011183092.904.64$17,001
May 2011185098.134.40$18,154
Apr 20111770105.964.33$18,755
Mar 2011332096.364.06$31,992
Feb 2011182085.644.18$15,586
Jan 2011183086.504.59$15,830
Dec 2010179085.734.35$15,346
Nov 2010324080.843.80$26,192
Oct 2010188078.103.51$14,683
Sep 20100072.633.98$0
Aug 2010139073.684.42$10,242
Jul 2010153072.554.74$11,100
Jun 2010180070.364.91$12,665
May 2010165071.124.24$11,735
Apr 2010336081.694.12$27,448
Mar 20100078.394.39$0
Feb 2010150073.585.44$11,037
Jan 2010177074.365.96$13,162
Dec 2009163071.445.48$11,645
Nov 2009152074.593.75$11,338
Oct 2009171072.544.11$12,404
Sep 2009176065.543.06$11,535
Aug 2009135067.423.22$9,102
Jul 2009151061.133.46$9,231
Jun 2009176066.163.90$11,644
May 2009181054.743.93$9,908
Apr 2009177046.773.59$8,278
Mar 2009176042.144.06$7,417
Feb 2009183032.814.63$6,004
Jan 2009184035.865.37$6,598
Dec 2008358037.105.98$13,282
Nov 20080055.496.86$0
Oct 2008181075.246.92$13,618
Sep 20081470101.767.88$14,959
Aug 20081690114.228.48$19,303
Jul 20083460131.0811.39$45,354
Jun 20081860131.3313.03$24,427
May 20083510123.1711.57$43,233
Apr 20081850110.3110.45$20,407
Mar 20083240101.909.66$33,016
Feb 2008375092.538.77$34,699
Jan 20080090.388.21$0
Dec 2007336088.337.30$29,679
Nov 2007180091.677.29$16,501
Oct 2007355082.856.92$29,412
Sep 20070075.846.24$0
Aug 2007357069.066.39$24,654
Jul 2007354070.906.39$25,099
Jun 2007180062.007.55$11,160
May 2007363058.747.85$21,323
Apr 2007178059.617.81$10,611
Mar 2007347056.927.30$19,751
Feb 2007186055.108.22$10,249
Jan 2007270050.306.73$13,581
Dec 2006337056.656.92$19,091
Nov 2006314054.207.62$17,019
Oct 2006179054.906.01$9,827
Sep 2006369060.085.04$22,170
Aug 2006175068.717.34$12,024
Jul 2006144069.376.34$9,989
Jun 2006185066.286.38$12,262
May 2006230066.016.42$15,182
Apr 2006147064.397.36$9,465
Mar 2006175056.707.08$9,923
Feb 2006188057.597.75$10,827
Jan 2006335060.598.93$20,298
Dec 20050054.9413.42$0
Nov 2005363054.6910.59$19,852
Oct 2005185058.3413.80$10,793
Sep 2005158061.4512.08$9,709
Aug 2005181061.519.80$11,133
Jul 2005140055.697.84$7,797
Jun 2005160052.337.38$8,373
May 2005177045.226.65$8,004
Apr 2005177049.207.36$8,708
Mar 2005173050.377.15$8,714
Feb 2005228045.226.31$10,310
Jan 2005175043.166.32$7,553
Dec 2004178039.866.75$7,095
Nov 2004181045.286.33$8,196
Oct 2004184049.706.52$9,145
Sep 2004351043.245.28$15,177
Aug 2004181042.375.55$7,669
Jul 2004279038.286.08$10,680
Jun 2004187036.106.43$6,751
May 2004167037.486.49$6,259
Apr 2004187034.475.86$6,446
Mar 2004342034.365.53$11,751
Feb 2004179032.455.51$5,809
Jan 2004179032.036.30$5,733
Dec 2003179030.266.30$5,417
Nov 2003180028.804.60$5,184
Oct 2003371028.174.76$10,451
Sep 2003169026.314.75$4,446
Aug 2003184029.765.13$5,476
Jul 2003349029.415.17$10,264
Jun 2003163028.565.98$4,655
May 2003335026.595.97$8,908
Apr 2003178026.675.41$4,747
Mar 2003169031.146.10$5,263
Feb 2003189033.487.93$6,328
Jan 2003288030.315.58$8,729
Dec 2002193026.914.85$5,194
Nov 2002322024.664.14$7,941
Oct 2002269026.464.23$7,118
Sep 2002158027.443.64$4,336
Aug 2002349025.963.16$9,060
Jul 2002178024.583.06$4,375
Jun 2002328023.733.34$7,783
May 2002336024.663.58$8,286
Apr 2002370023.653.51$8,751
Mar 2002185022.003.10$4,070
Feb 2002154018.222.38$2,806
Jan 2002305017.172.38$5,237
Dec 2001331016.932.36$5,604
Nov 2001296018.072.41$5,349
Oct 2001340019.782.53$6,725
Sep 2001333024.262.25$8,079
Aug 2001332024.873.05$8,257
Jul 2001355023.933.20$8,495
Jun 2001319024.563.82$7,835
May 2001179025.524.31$4,568
Apr 2001364024.685.34$8,984
Mar 2001373024.545.38$9,153
Feb 2001149027.755.77$4,135
Jan 2001507027.478.40$13,927
Dec 2000188026.889.12$5,053
Nov 2000186032.215.66$5,991
Oct 2000188031.235.15$5,871
Sep 2000356031.875.19$11,346
Aug 2000372029.644.54$11,026
Jul 2000378028.534.09$10,784
Jun 2000360029.304.40$10,548
May 2000188027.263.68$5,125
Apr 2000354024.513.12$8,677
Mar 2000339028.422.86$9,634
Feb 2000377027.622.73$10,413
Jan 200038614725.272.48$10,119
Dec 199935116124.282.42$8,913
Nov 1999191023.192.43$4,429
Oct 1999363020.982.80$7,616
Sep 1999189021.752.62$4,111
Aug 1999383019.262.88$7,377
Jul 1999374017.892.37$6,691
Jun 1999376015.942.36$5,993
May 1999188015.792.32$2,969
Apr 1999188015.102.21$2,839
Mar 1999379012.471.84$4,726
Feb 1999377129.981.82$3,784
Jan 19991904810.381.90$2,063
Dec 19983771299.201.77$3,697
Nov 19981807710.892.19$2,129
Oct 199819012712.421.97$2,610
Sep 199838121112.592.08$5,236
Aug 199837110411.301.91$4,391
Jul 199836511111.742.24$4,533
Jun 199837318711.242.24$4,611
May 199837413612.622.21$5,020
Apr 199819512513.042.51$2,856
Mar 199836118712.802.31$5,053
Feb 199838719713.952.30$5,852
Jan 199856223814.702.15$8,774
Dec 199738311116.322.41$6,518
Nov 199737613618.193.09$7,259
Oct 199738713619.253.15$7,878
Sep 199734817117.742.95$6,679
Aug 199737025717.862.55$7,265
Jul 199737224417.582.25$7,088
Jun 199758025617.242.26$10,577
May 199737726018.972.31$7,752
Apr 199751323117.882.08$9,654
Mar 199735818718.951.94$7,147
Feb 19975177620.492.21$10,761
Jan 19973354923.483.54$8,039
Dec 199634423323.32$8,022
Nov 199669424021.97$15,247
Oct 199652517923.31$12,238
Sep 199650823222.22$11,288
Aug 199651727920.26$10,474
Jul 199633622219.55$6,569
Jun 1996536118.73$10,039
May 1996343119.43$6,664
Apr 199617310621.51$3,721
Mar 19961749419.38$3,372
Feb 19961738716.98$2,938
Jan 199617418717.07$2,970
Dec 199517314517.19$2,974
Nov 19951785516.00$2,848
Oct 199501215.43$0
Sep 199517813416.18$2,880
Aug 199517215315.92$2,738
Jul 199535213915.24$5,364
Jun 199517316616.41$2,839
May 19953479617.56$6,093
Apr 19951773817.73$3,138
Mar 199534617816.44$5,688
Feb 199517718216.58$2,935
Jan 199518017515.92$2,866
Dec 199434022915.03$5,110
Nov 19943474015.90$5,517
Oct 19943523715.58$5,484
Sep 199435918415.29$5,489
Aug 199453625716.13$8,646
Jul 199489434617.56$15,699
Jun 199417432717.09$2,974
May 199471632215.88$11,370
Apr 199453731614.14$7,593
Mar 199453233412.46$6,629
Feb 199436122512.50$4,513
Jan 199472415812.66$9,166
Dec 199352638712.33$6,486
Nov 199336231914.49$5,245
Oct 199354141915.85$8,575
Sep 199351644015.03$7,755
Aug 199353445415.66$8,362
Jul 199370946415.46$10,961
Jun 199372641416.79$12,190
May 199347045917.68$8,310
Apr 199325456218.05$4,585
Mar 19937991,39818.14$14,494
Feb 199351936417.90$9,290
Jan 199352839616.93$8,939

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                  176 bbl  × $106.41 =    $18,728
Casinghead gas         0 Mcf  × $  3.05 =         $0

────────────────────────────────────────────────────
Month total                                  $18,728

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/8308 is the state's own key, not one this site invented.