SHEPPERD, A. F.

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 8397District 6EField 27302001OilCasinghead gasSaveExport
Value, all time
$12.5 M
Jan 1993 – May 2026
Value, last 12 filed months
$232 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
OilDisposition231,820 bbl$11,633,699
Casinghead gasProduction198,201 Mcf$907,078
Total$12,540,777

4,092 Mcf of this lease's gas, across 40 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 20263100106.413.05$32,987
Apr 202615110198.932.87$15,228
Mar 20264857689.753.15$43,768
Feb 202630310463.503.75$19,631
Jan 202616711859.138.00$10,818
Dec 202533012156.664.41$19,232
Nov 202515711458.593.93$9,646
Oct 202514411659.383.30$8,934
Sep 202529910262.743.08$19,073
Aug 202514911663.933.01$9,875
Jul 202517610266.743.32$12,084
Jun 20254618966.483.13$30,926
May 202534012360.553.23$20,985
Apr 20253259362.363.54$20,597
Mar 20253246467.704.27$22,208
Feb 20253054770.884.34$21,822
Jan 20253153174.324.28$23,543
Dec 202434211468.993.12$23,950
Nov 202434613269.052.20$24,181
Oct 202433914771.372.28$24,530
Sep 20243554769.612.36$24,823
Aug 2024352875.632.06$26,638
Jul 20243361879.932.15$26,895
Jun 20242896578.082.63$22,736
May 20243457278.812.20$27,348
Apr 20243554184.451.66$30,048
Mar 202432010880.301.55$25,863
Feb 202434820776.091.78$26,849
Jan 202452121073.023.30$38,736
Dec 202317719871.262.61$13,130
Nov 202335222977.892.81$28,060
Oct 202334422885.443.09$30,095
Sep 202347024789.042.74$42,524
Aug 202331927380.522.67$26,416
Jul 202334126174.852.64$26,213
Jun 202335423768.962.26$24,947
May 202334422670.622.23$24,797
Apr 202334721278.122.24$27,582
Mar 202333321572.852.39$24,774
Feb 2023339075.112.47$25,462
Jan 202351520176.533.39$40,094
Dec 202235116576.415.73$27,765
Nov 202250418285.005.65$43,868
Oct 202232913287.185.86$29,456
Sep 202233215584.888.16$29,446
Aug 202249719494.529.13$48,747
Jul 2022351186101.587.54$37,057
Jun 2022322201115.097.98$38,662
May 2022509180109.378.43$57,187
Apr 2022345180104.226.84$37,187
Mar 2022340184108.885.08$37,953
Feb 202233410191.054.86$30,901
Jan 202250848981.844.54$43,794
Dec 202135146671.323.90$26,850
Nov 202134247477.435.24$28,963
Oct 202132138279.795.71$27,795
Sep 202133326869.865.35$24,697
Aug 202151028866.024.22$34,886
Jul 202134127270.783.98$25,219
Jun 202131319569.493.38$22,410
May 20214625763.483.02$29,500
Apr 20213272660.362.76$19,809
Mar 202148921161.302.72$30,549
Feb 20211733957.805.55$10,216
Jan 20213028550.412.81$15,463
Dec 202015314544.642.68$7,218
Nov 202032612638.772.71$12,980
Oct 202017417936.972.48$6,876
Sep 202028921437.091.99$11,145
Aug 202047226139.982.39$19,493
Jul 202049620638.371.83$19,407
Jun 202033023934.901.69$11,921
May 202035449816.921.81$6,893
Apr 202033538714.751.80$5,640
Mar 202034251830.341.86$11,338
Feb 202033936749.881.98$17,636
Jan 202063535657.252.09$37,099
Dec 201935642659.012.30$21,989
Nov 201934451055.302.75$20,426
Oct 201952260053.472.42$29,362
Sep 201934748655.052.66$20,394
Aug 201950367753.112.30$28,274
Jul 201935065356.272.46$21,301
Jun 201951364452.782.49$28,680
May 201934958658.482.74$22,015
Apr 201934560562.632.75$23,272
Mar 201952068156.803.06$31,621
Feb 201933557750.852.79$18,646
Jan 201952357546.033.23$25,930
Dec 201832260146.594.19$17,517
Nov 201851962152.934.24$30,102
Oct 201852864361.443.40$34,625
Sep 201834564359.543.11$22,540
Aug 201851278159.403.07$32,808
Jul 201834781465.142.93$24,990
Jun 201852676860.183.08$34,018
May 201852373765.382.90$36,332
Apr 201852667063.842.90$35,523
Mar 201852590661.222.79$34,665
Feb 201853382661.782.77$35,214
Jan 201852284962.874.01$36,222
Dec 201751886657.272.92$32,196
Nov 201751686855.423.12$31,303
Oct 201751783449.292.98$27,971
Sep 201750095047.523.09$26,693
Aug 20175161,03145.373.00$26,508
Jul 201750998843.873.09$25,380
Jun 201752493842.493.09$25,161
May 201751382045.373.26$25,951
Apr 201734366747.933.21$18,582
Mar 201770084146.772.98$35,248
Feb 201733777050.452.95$19,275
Jan 201769176449.413.42$36,754
Dec 201650179948.763.72$27,403
Nov 201633771642.492.64$16,212
Oct 201649378446.193.09$25,194
Sep 201650777441.553.10$23,466
Aug 201650374941.442.92$23,035
Jul 201652784741.622.92$24,411
Jun 201652277145.352.69$25,743
May 201652370442.521.99$23,640
Apr 201652470936.561.99$20,569
Mar 201654574633.011.79$19,329
Feb 201650870026.472.06$14,891
Jan 201652777327.352.36$16,241
Dec 201551274932.362.00$18,067
Nov 201550770838.792.17$21,201
Oct 201567091143.552.43$31,389
Sep 201551590542.992.76$24,636
Aug 201552792540.162.87$23,821
Jul 201566987648.152.95$34,792
Jun 201549285656.152.88$30,094
May 201553470555.212.96$31,566
Apr 201568578049.822.71$36,238
Mar 201549174842.892.93$23,254
Feb 201555668044.662.98$26,855
Jan 201571767743.433.10$33,238
Dec 201450080854.693.59$30,247
Nov 201467864770.464.25$50,523
Oct 201467576178.303.90$55,821
Sep 201452384386.164.05$48,472
Aug 201470383189.394.04$66,194
Jul 201456077996.564.18$57,330
Jun 201432582498.164.74$35,805
May 201451980794.734.73$52,979
Apr 201467368695.944.81$67,867
Mar 201468761395.895.06$68,976
Feb 201453239697.406.19$54,269
Jan 201467853590.404.86$63,892
Dec 201368953291.824.35$65,581
Nov 201350974388.853.74$48,002
Oct 201367680597.423.78$68,898
Sep 2013675814104.113.72$73,300
Aug 2013684897104.253.52$74,467
Jul 2013518790102.523.72$56,042
Jun 201369579494.403.93$68,731
May 201353470194.834.15$53,548
Apr 201369979193.964.28$69,066
Mar 201351973893.623.91$51,476
Feb 201371374191.233.42$67,581
Jan 201355653291.603.42$52,749
Dec 201269777586.773.42$63,129
Nov 201251588386.953.62$47,980
Oct 201253775689.383.40$50,567
Sep 201268180794.672.92$66,825
Aug 201268975992.662.91$66,050
Jul 201254172085.133.02$48,230
Jun 201250977779.822.52$42,586
May 201270781991.612.49$66,806
Apr 2012697743101.652.00$72,334
Mar 2012685735105.052.22$73,592
Feb 2012522600101.102.57$54,316
Jan 201271559398.092.73$71,756
Dec 201168365996.873.24$68,297
Nov 201135453595.723.31$35,656
Oct 201168864084.983.65$60,801
Sep 201151868983.623.99$46,061
Aug 201150664783.404.15$44,885
Jul 201153052294.144.52$52,252
Jun 201152461192.904.64$51,515
May 201169358298.134.40$70,568
Apr 2011512609105.964.33$56,890
Mar 201167064096.364.06$67,158
Feb 2011706085.644.18$60,462
Jan 201170157886.504.59$63,289
Dec 201064568985.734.35$58,291
Nov 201071570880.843.80$60,488
Oct 201069171578.103.51$56,476
Sep 201054569372.633.98$42,341
Aug 201085879373.684.42$66,722
Jul 201049979872.554.74$39,982
Jun 201067470570.364.91$50,884
May 201066678571.124.24$50,691
Apr 201052463981.694.12$45,440
Mar 201049756178.394.39$41,422
Feb 201050942273.585.44$39,749
Jan 201051055774.365.96$41,246
Dec 200954059171.445.48$41,819
Nov 200968770774.593.75$53,896
Oct 2009675072.544.11$48,965
Sep 200964478565.543.06$44,614
Aug 200970483167.423.22$50,138
Jul 200969882861.133.46$45,537
Jun 200950872266.163.90$36,421
May 200965870654.743.93$38,791
Apr 200970964546.773.59$35,474
Mar 200972263642.144.06$33,007
Feb 200952659032.814.63$19,992
Jan 200971763635.865.37$29,128
Dec 200853171837.105.98$23,992
Nov 200871071355.496.86$44,289
Oct 200868980375.246.92$57,399
Sep 2008823781101.767.88$89,900
Aug 2008525807114.228.48$66,811
Jul 2008694896131.0811.39$101,174
Jun 2008854915131.3313.03$124,081
May 2008706919123.1711.57$97,595
Apr 2008844932110.3110.45$102,846
Mar 2008695981101.909.66$80,301
Feb 200886592092.538.77$88,107
Jan 200867999190.388.21$69,500
Dec 200786495788.337.30$83,305
Nov 200771787591.677.29$72,108
Oct 200787689182.856.92$78,744
Sep 200767896875.846.24$57,464
Aug 200786095969.066.39$65,518
Jul 200762489070.906.39$49,927
Jun 200767687962.007.55$48,547
May 200783693958.747.85$56,474
Apr 200786582059.617.81$57,963
Mar 200784979256.927.30$54,108
Feb 200748151355.108.22$30,718
Jan 200787855950.306.73$47,924
Dec 2006705056.656.92$39,938
Nov 200684978054.207.62$51,957
Oct 2006538054.906.01$29,536
Sep 200670489560.085.04$46,805
Aug 2006831068.717.34$57,098
Jul 200652683869.376.34$41,804
Jun 200686266366.286.38$61,366
May 200686575666.016.42$61,956
Apr 200634674664.397.36$27,770
Mar 200685562156.707.08$52,877
Feb 200653663357.597.75$35,775
Jan 200685968560.598.93$58,166
Dec 200554482354.9413.42$40,928
Nov 200566183354.6910.59$44,970
Oct 200583080258.3413.80$59,486
Sep 200552973261.4512.08$41,349
Aug 200582565161.519.80$57,123
Jul 200569790155.697.84$45,883
Jun 200571186452.337.38$43,584
May 20058751,00045.226.65$46,219
Apr 200572487349.207.36$42,047
Mar 200583187950.377.15$48,147
Feb 200563976945.226.31$33,749
Jan 200584475443.166.32$41,194
Dec 200482373839.866.75$37,787
Nov 200485876145.286.33$43,668
Oct 200452993049.706.52$32,350
Sep 200471389843.245.28$35,575
Aug 200481488342.375.55$39,390
Jul 20047191,00838.286.08$33,656
Jun 20047211,04736.106.43$32,763
May 20047011,02337.486.49$32,917
Apr 20048881,01134.475.86$36,532
Mar 20047211,06034.365.53$30,636
Feb 200472785932.455.51$28,324
Jan 200489791732.036.30$34,508
Dec 200389899430.266.30$33,437
Nov 200370496028.804.60$24,687
Oct 200387993528.174.76$29,212
Sep 20037121,13026.314.75$24,100
Aug 200369592229.765.13$25,413
Jul 200385996429.415.17$30,248
Jun 20038151,01528.565.98$29,349
May 200371986326.595.97$24,273
Apr 20037231,01626.675.41$24,776
Mar 20031,0341,16531.146.10$39,301
Feb 20037241,01933.487.93$32,316
Jan 20039061,09130.315.58$33,551
Dec 200288899126.914.85$28,706
Nov 200271397224.664.14$21,604
Oct 200287395826.464.23$27,151
Sep 20028981,04427.443.64$28,436
Aug 200271891525.963.16$21,534
Jul 200285791524.583.06$23,867
Jun 200280689423.733.34$22,111
May 20021,10298024.663.58$30,688
Apr 20028711,02523.653.51$24,199
Mar 200286998022.003.10$22,159
Feb 20028981,01118.222.38$18,763
Jan 20028831,03317.172.38$17,615
Dec 20013941,00216.932.36$9,040
Nov 200188399918.072.41$18,359
Oct 20018851,09619.782.53$20,277
Sep 200168391224.262.25$18,623
Aug 200185198924.873.05$24,184
Jul 20018561,07223.933.20$23,911
Jun 20018071,15924.563.82$24,252
May 20018841,02725.524.31$26,983
Apr 2001857024.685.34$21,151
Mar 200188289524.545.38$26,456
Feb 200187564927.755.77$28,024
Jan 200188873627.478.40$30,575
Dec 200053173626.889.12$20,987
Nov 200052977632.215.66$21,430
Oct 200070347131.235.15$24,378
Sep 200086948331.875.19$30,200
Aug 2000683029.644.54$20,244
Jul 20001,049028.534.09$29,928
Jun 2000695029.304.40$20,364
May 2000705027.263.68$19,218
Apr 2000708024.513.12$17,353
Mar 2000854028.422.86$24,271
Feb 2000519027.622.73$14,335
Jan 2000712025.272.48$17,992
Dec 1999703024.282.42$17,069
Nov 1999682023.192.43$15,816
Oct 1999685020.982.80$14,371
Sep 1999657021.752.62$14,290
Aug 1999686019.262.88$13,212
Jul 1999713017.892.37$12,756
Jun 1999516015.942.36$8,225
May 19991,044015.792.32$16,485
Apr 199971110815.102.21$10,975
Mar 199989416812.471.84$11,457
Feb 19991,0581209.981.82$10,777
Jan 199970813510.381.90$7,606
Dec 1998851759.201.77$7,962
Nov 19981,06827010.892.19$12,221
Oct 1998887012.421.97$11,017
Sep 1998883012.592.08$11,117
Aug 1998710011.301.91$8,023
Jul 19981,070011.742.24$12,562
Jun 199888320011.242.24$10,372
May 19987162412.622.21$9,089
Apr 199890411013.042.51$12,064
Mar 199890810312.802.31$11,860
Feb 1998730013.952.30$10,184
Jan 1998909014.702.15$13,362
Dec 1997911016.322.41$14,868
Nov 1997726018.193.09$13,206
Oct 1997716019.253.15$13,783
Sep 19971,06633017.742.95$19,886
Aug 199789616317.862.55$16,419
Jul 1997722017.582.25$12,693
Jun 1997902017.242.26$15,550
May 19971,080018.972.31$20,488
Apr 1997698017.882.08$12,480
Mar 1997880018.951.94$16,676
Feb 1997876020.492.21$17,949
Jan 1997875023.483.54$20,545
Dec 1996695023.32$16,207
Nov 1996699021.97$15,357
Oct 1996863023.31$20,117
Sep 1996665022.22$14,776
Aug 19960020.26$0
Jul 19960019.55$0
Jun 19960018.73$0
May 19961793419.43$3,478
Apr 19961622821.51$3,485
Mar 19961551619.38$3,004
Feb 1996301816.98$5,111
Jan 1996159417.07$2,714
Dec 1995299417.19$5,140
Nov 1995294416.00$4,704
Oct 1995155015.43$2,392
Sep 1995244916.18$3,948
Aug 1995160215.92$2,547
Jul 19953441215.24$5,243
Jun 199501316.41$0
May 19953295417.56$5,777
Apr 19951626417.73$2,872
Mar 19955088616.44$8,352
Feb 19953544316.58$5,869
Jan 19953355915.92$5,333
Dec 19943263715.03$4,900
Nov 199449515815.90$7,871
Oct 199445614315.58$7,104
Sep 199445613415.29$6,972
Aug 199448013116.13$7,742
Jul 199449611817.56$8,710
Jun 199449112817.09$8,391
May 199448813715.88$7,749
Apr 199449914214.14$7,056
Mar 199451413512.46$6,404
Feb 19943148612.50$3,925
Jan 19943527812.66$4,456
Dec 199352316312.33$6,449
Nov 199332913414.49$4,767
Oct 199350513815.85$8,004
Sep 199333520215.03$5,035
Aug 199367916515.66$10,633
Jul 199352719915.46$8,147
Jun 199353015916.79$8,899
May 199368117917.68$12,040
Apr 199351817718.05$9,350
Mar 199364220518.14$11,646
Feb 199371626617.90$12,816
Jan 199353323816.93$9,024

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                  310 bbl  × $106.41 =    $32,987
Casinghead gas         0 Mcf  × $  3.05 =         $0

────────────────────────────────────────────────────
Month total                                  $32,987

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/8397 is the state's own key, not one this site invented.