HUGHEY, M. B.

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 8378District 6EField 27302001OilCasinghead gasSaveExport
Value, all time
$8.5 M
Jan 1993 – May 2026
Value, last 12 filed months
$160 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
OilDisposition215,175 bbl$8,182,511
Casinghead gasProduction99,585 Mcf$288,574
Total$8,471,085

32,840 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 20261570106.413.05$16,706
Apr 20261838198.932.87$18,337
Mar 20261688089.753.15$15,330
Feb 20263337863.503.75$21,438
Jan 202608159.138.00$648
Dec 20251857256.664.41$10,800
Nov 2025169058.593.93$9,902
Oct 2025168059.383.30$9,976
Sep 2025172462.743.08$10,804
Aug 20253438563.933.01$22,184
Jul 2025175066.743.32$11,680
Jun 20251785366.483.13$11,999
May 20251738160.553.23$10,737
Apr 20251754462.363.54$11,069
Mar 20251638867.704.27$11,411
Feb 20251467070.884.34$10,652
Jan 20251677174.324.28$12,715
Dec 20241684768.993.12$11,737
Nov 20241608069.052.20$11,224
Oct 20241549571.372.28$11,208
Sep 20241797969.612.36$12,647
Aug 20240075.632.06$0
Jul 202402279.932.15$47
Jun 20241566478.082.63$12,349
May 20241667178.812.20$13,239
Apr 20241676884.451.66$14,216
Mar 20243387780.301.55$27,260
Feb 20241676876.091.78$12,828
Jan 20241707073.023.30$12,644
Dec 20231897971.262.61$13,674
Nov 2023175077.892.81$13,631
Oct 20231678385.443.09$14,525
Sep 20233318489.042.74$29,702
Aug 20231619580.522.67$13,218
Jul 202317710074.852.64$13,513
Jun 20231788768.962.26$12,471
May 20231917570.622.23$13,655
Apr 20231648678.122.24$13,004
Mar 20231627172.852.39$11,972
Feb 2023189075.112.47$14,196
Jan 20233486176.533.39$26,839
Dec 20221768576.415.73$13,935
Nov 20221609185.005.65$14,114
Oct 20221609587.185.86$14,506
Sep 20223348584.888.16$29,044
Aug 202216310094.529.13$16,319
Jul 2022168106101.587.54$17,865
Jun 202231796115.097.98$37,249
May 2022158104109.378.43$18,158
Apr 2022164104104.226.84$17,803
Mar 2022157103108.885.08$17,617
Feb 20223349691.054.86$30,877
Jan 202217810781.844.54$15,053
Dec 202115611871.323.90$11,586
Nov 202116510577.435.24$13,326
Oct 202131810279.795.71$25,956
Sep 202115811269.865.35$11,637
Aug 202116111566.024.22$11,115
Jul 202135011870.783.98$25,243
Jun 202116410669.493.38$11,755
May 20211619363.483.02$10,501
Apr 20211659560.362.76$10,221
Mar 202133911261.302.72$21,085
Feb 20211659957.805.55$10,086
Jan 202118511350.412.81$9,643
Dec 202017312144.642.68$8,046
Nov 202027111738.772.71$10,823
Oct 202016711936.972.48$6,469
Sep 202018511737.091.99$7,095
Aug 202031212139.982.39$12,762
Jul 202017111438.371.83$6,769
Jun 202016811734.901.69$6,061
May 202033412416.921.81$5,876
Apr 202016810514.751.80$2,667
Mar 202016612030.341.86$5,259
Feb 202033110949.881.98$16,726
Jan 202016511757.252.09$9,691
Dec 20191829459.012.30$10,956
Nov 201932511755.302.75$18,294
Oct 20191548453.472.42$8,438
Sep 20193009355.052.66$16,762
Aug 20191669053.112.30$9,024
Jul 20193508456.272.46$19,901
Jun 20190052.782.49$0
May 20191792558.482.74$10,536
Apr 20191744562.632.75$11,021
Mar 20191734256.803.06$9,955
Feb 20191846850.852.79$9,546
Jan 201917210046.033.23$8,240
Dec 2018326046.594.19$15,188
Nov 2018185052.934.24$9,792
Oct 201818210661.443.40$11,542
Sep 201832710659.543.11$19,799
Aug 201816911259.403.07$10,382
Jul 201818511265.142.93$12,379
Jun 201834218960.183.08$21,163
May 201835211365.382.90$23,342
Apr 20181564763.842.90$10,095
Mar 20183356161.222.79$20,679
Feb 20181737561.782.77$10,895
Jan 20183127962.874.01$19,932
Dec 201734211357.272.92$19,916
Nov 20171859155.423.12$10,536
Oct 201752611549.292.98$26,270
Sep 201736111847.523.09$17,519
Aug 201737513645.373.00$17,422
Jul 201735413343.873.09$15,941
Jun 201736619742.493.09$16,160
May 201734111045.373.26$15,830
Apr 20171715347.933.21$8,366
Mar 20171511746.772.98$7,113
Feb 20171801750.452.95$9,131
Jan 201701549.413.42$51
Dec 201635511348.763.72$17,730
Nov 201635415342.492.64$15,446
Oct 201635915946.193.09$17,074
Sep 201632616941.553.10$14,069
Aug 201635117641.442.92$15,060
Jul 201633918141.622.92$14,638
Jun 201634517745.352.69$16,121
May 201637215942.521.99$16,134
Apr 201635013336.561.99$13,061
Mar 201634615533.011.79$11,700
Feb 201634716426.472.06$9,524
Jan 201650321127.352.36$14,256
Dec 201542620532.362.00$14,196
Nov 201536719138.792.17$14,650
Oct 20155339943.552.43$23,452
Sep 201534522042.992.76$15,438
Aug 20155434940.162.87$21,948
Jul 2015346948.152.95$16,686
Jun 201550720656.152.88$29,062
May 201553113055.212.96$29,701
Apr 201554716049.822.71$27,685
Mar 201534919242.892.93$15,532
Feb 201536517344.662.98$16,816
Jan 201553319543.433.10$23,753
Dec 20143673454.693.59$20,193
Nov 201451912470.464.25$37,096
Oct 20143499878.303.90$27,709
Sep 20145384986.164.05$46,552
Aug 2014341089.394.04$30,482
Jul 20145389596.564.18$52,346
Jun 20145259598.164.74$51,984
May 201434520394.734.73$33,641
Apr 201454018695.944.81$52,702
Mar 201455620995.895.06$54,372
Feb 201434620097.406.19$34,939
Jan 201454916390.404.86$50,422
Dec 201351815691.824.35$48,242
Nov 201354316388.853.74$48,855
Oct 201336813197.423.78$36,346
Sep 2013357114104.113.72$37,591
Aug 2013364166104.253.52$38,532
Jul 2013380143102.523.72$39,489
Jun 20133699494.403.93$35,203
May 201354218394.834.15$52,157
Apr 201319215193.964.28$18,687
Mar 201355011493.623.91$51,937
Feb 201337419391.233.42$34,780
Jan 201336915491.603.42$34,327
Dec 201237115386.773.42$32,715
Nov 201236215186.953.62$32,023
Oct 20125237889.383.40$47,011
Sep 20123616694.672.92$34,368
Aug 201237111392.662.91$34,705
Jul 201227916485.133.02$24,247
Jun 201236316279.822.52$29,383
May 201217612991.612.49$16,444
Apr 201235087101.652.00$35,751
Mar 2012187113105.052.22$19,895
Feb 2012364136101.102.57$37,150
Jan 20123557798.092.73$35,032
Dec 2011360396.873.24$34,883
Nov 2011534095.723.31$51,114
Oct 2011360084.983.65$30,593
Sep 2011359083.623.99$30,020
Aug 2011354083.404.15$29,524
Jul 20111891294.144.52$17,847
Jun 20113776592.904.64$35,325
May 20111847798.134.40$18,395
Apr 201117257105.964.33$18,472
Mar 201138016796.364.06$37,294
Feb 201138513485.644.18$33,532
Jan 201119015086.504.59$17,123
Dec 201037915285.734.35$33,153
Nov 201036017080.843.80$29,748
Oct 201037315478.103.51$29,672
Sep 20101919972.633.98$14,266
Aug 201036719773.684.42$27,911
Jul 201035414672.554.74$26,374
Jun 201035517370.364.91$25,827
May 201035819071.124.24$26,266
Apr 201037118481.694.12$31,066
Mar 201038012678.394.39$30,341
Feb 20101819773.585.44$13,846
Jan 201036917174.365.96$28,459
Dec 200918517471.445.48$14,171
Nov 200937716874.593.75$28,751
Oct 200937418972.544.11$27,907
Sep 200918516665.543.06$12,634
Aug 200935917067.423.22$24,751
Jul 20093685961.133.46$22,700
Jun 200918810366.163.90$12,839
May 200944619154.743.93$25,164
Apr 200917516546.773.59$8,777
Mar 20093647442.144.06$15,639
Feb 200917914132.814.63$6,526
Jan 200936910435.865.37$13,791
Dec 200836819837.105.98$14,836
Nov 200836423055.496.86$21,776
Oct 20081881675.246.92$14,256
Sep 200836967101.767.88$38,077
Aug 2008577165114.228.48$67,305
Jul 2008367163131.0811.39$49,963
Jun 2008360273131.3313.03$50,837
May 2008351255123.1711.57$46,184
Apr 2008538128110.3110.45$60,685
Mar 2008356188101.909.66$38,093
Feb 200836716392.538.77$35,388
Jan 200854519290.388.21$50,833
Dec 200735720388.337.30$33,016
Nov 200754325291.677.29$51,614
Oct 200735924582.856.92$31,439
Sep 200753627075.846.24$42,336
Aug 200753729169.066.39$38,944
Jul 200735826470.906.39$27,069
Jun 200753221762.007.55$34,622
May 200734620558.747.85$21,933
Apr 200752922359.617.81$33,274
Mar 200753922056.927.30$32,286
Feb 200736113955.108.22$21,033
Jan 20073587750.306.73$18,525
Dec 20063543656.656.92$20,303
Nov 200636718954.207.62$21,331
Oct 200635822354.906.01$20,995
Sep 200633723760.085.04$21,441
Aug 200653023568.717.34$38,141
Jul 200634626569.376.34$25,683
Jun 200636724166.286.38$25,863
May 200635726166.016.42$25,243
Apr 200636224764.397.36$25,127
Mar 200635663256.707.08$24,662
Feb 200635943257.597.75$24,023
Jan 200635824160.598.93$23,844
Dec 200536421254.9413.42$22,842
Nov 200517918054.6910.59$11,695
Oct 200535426958.3413.80$24,363
Sep 200553325261.4512.08$35,797
Aug 200551832361.519.80$35,027
Jul 200571434155.697.84$42,437
Jun 200532565052.337.38$21,805
May 200560330345.226.65$29,283
Apr 200549925749.207.36$26,442
Mar 200533615350.377.15$18,019
Feb 200546311145.226.31$21,637
Jan 200551422943.166.32$23,632
Dec 200435523839.866.75$15,757
Nov 200450721345.286.33$24,305
Oct 200460927949.706.52$32,085
Sep 200435822243.245.28$16,653
Aug 200471533042.375.55$32,126
Jul 200454338838.286.08$23,147
Jun 200436322236.106.43$14,532
May 200471835837.486.49$29,236
Apr 200454835334.475.86$20,958
Mar 200471835534.365.53$26,634
Feb 200446420132.455.51$16,164
Jan 200454314032.036.30$18,274
Dec 200354019530.266.30$17,569
Nov 200336518128.804.60$11,344
Oct 200359423528.174.76$17,852
Sep 200360823826.314.75$17,127
Aug 200360122529.765.13$19,040
Jul 200359423629.415.17$18,690
Jun 200359924728.565.98$18,585
May 200358425826.595.97$17,070
Apr 200359925326.675.41$17,343
Mar 200355222131.146.10$18,537
Feb 200361723333.487.93$22,504
Jan 200361930330.315.58$20,453
Dec 200264321526.914.85$18,347
Nov 200266125624.664.14$17,359
Oct 200271133326.464.23$20,221
Sep 200257431827.443.64$16,907
Aug 200258628025.963.16$16,099
Jul 200258627024.583.06$15,231
Jun 200260726023.733.34$15,272
May 200275236324.663.58$19,845
Apr 200261637123.653.51$15,871
Mar 200265132022.003.10$15,315
Feb 200259328718.222.38$11,486
Jan 200255236217.172.38$10,338
Dec 200170731116.932.36$12,705
Nov 200167033518.072.41$12,913
Oct 200172140119.782.53$15,275
Sep 200166730324.262.25$16,864
Aug 200166041924.873.05$17,693
Jul 200162938323.933.20$16,276
Jun 200164735324.563.82$17,240
May 200170540025.524.31$19,715
Apr 200176739224.685.34$21,021
Mar 200171831924.545.38$19,335
Feb 200171935827.755.77$22,017
Jan 200176933827.478.40$23,963
Dec 200034826026.889.12$11,726
Nov 200058244932.215.66$21,287
Oct 200075942031.235.15$25,865
Sep 200062646231.875.19$22,347
Aug 200073146629.644.54$23,783
Jul 200083341328.534.09$25,455
Jun 200064139029.304.40$20,496
May 200075935127.263.68$21,982
Apr 200070540524.513.12$18,542
Mar 200057631628.422.86$17,274
Feb 200065933227.622.73$19,107
Jan 200061135225.272.48$16,313
Dec 199974331224.282.42$18,796
Nov 199976638323.192.43$18,696
Oct 199972043420.982.80$16,322
Sep 199972837621.752.62$16,819
Aug 199974345819.262.88$15,627
Jul 199962036017.892.37$11,946
Jun 199965536815.942.36$11,310
May 199980542715.792.32$13,702
Apr 199982135715.102.21$13,185
Mar 199981845612.471.84$11,039
Feb 19998114449.981.82$8,901
Jan 199987744510.381.90$9,949
Dec 19989143779.201.77$9,077
Nov 199887937310.892.19$10,388
Oct 199890438212.421.97$11,980
Sep 199899921612.592.08$13,027
Aug 199893834211.301.91$11,252
Jul 199892132211.742.24$11,533
Jun 199891341511.242.24$11,191
May 19981,01752112.622.21$13,984
Apr 199894043613.042.51$13,350
Mar 199896957112.802.31$13,722
Feb 199896844113.952.30$14,518
Jan 19981,06245814.702.15$16,598
Dec 199793842416.322.41$16,330
Nov 19971,02417418.193.09$19,164
Oct 19971,17038919.253.15$23,748
Sep 199781626717.742.95$15,265
Aug 199794137317.862.55$17,759
Jul 199799341417.582.25$18,387
Jun 199798557417.242.26$18,277
May 19971,18360218.972.31$23,831
Apr 199799252517.882.08$18,830
Mar 19971,02751918.951.94$20,468
Feb 199790365520.492.21$19,947
Jan 19971,06338323.483.54$26,315
Dec 19961,05054223.32$24,486
Nov 19961,12859921.97$24,782
Oct 19961,16967423.31$27,249
Sep 19961,00051422.22$22,220
Aug 199693052020.26$18,842
Jul 19961,01647919.55$19,863
Jun 199682853518.73$15,508
May 199695757519.43$18,595
Apr 199695651121.51$20,564
Mar 19961,02654319.38$19,884
Feb 199694147416.98$15,978
Jan 199688232517.07$15,056
Dec 199579243017.19$13,614
Nov 199581346916.00$13,008
Oct 199591855615.43$14,165
Sep 199590558716.18$14,643
Aug 199591861115.92$14,615
Jul 199598457715.24$14,996
Jun 199592151116.41$15,114
May 19951,00756817.56$17,683
Apr 199596856117.73$17,163
Mar 19951,14464116.44$18,807
Feb 19951,06358416.58$17,625
Jan 19951,31859415.92$20,983
Dec 19941,21659515.03$18,276
Nov 19941,30260415.90$20,702
Oct 19941,44348815.58$22,482
Sep 19941,26061715.29$19,265
Aug 19941,61268916.13$26,002
Jul 19941,56791817.56$27,517
Jun 19941,29483517.09$22,114
May 19941,54182215.88$24,471
Apr 19941,32483214.14$18,721
Mar 19941,55876312.46$19,413
Feb 19941,58769612.50$19,838
Jan 19942,22579712.66$28,169
Dec 19931,821112.33$22,453
Nov 19934,19669414.49$60,800
Oct 19933,4021,14115.85$53,922
Sep 19931,6991,19115.03$25,536
Aug 19931,7351,11815.66$27,170
Jul 19931,5941,23615.46$24,643
Jun 19931,6841,17316.79$28,274
May 19931,7461,19517.68$30,869
Apr 19931,82297918.05$32,887
Mar 19931,7171,01418.14$31,146
Feb 19931,62374117.90$29,052
Jan 19931,67072116.93$28,273

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                  157 bbl  × $106.41 =    $16,706
Casinghead gas         0 Mcf  × $  3.05 =         $0

────────────────────────────────────────────────────
Month total                                  $16,706

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/8378 is the state's own key, not one this site invented.