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Texas oil lease

Producing

PENN

Penn is an oil lease in Gregg County, Texas, operated by Basa Resources, Inc. in the East Texas field.

1 well

2,718bbl oil, last 12 months−1% vs prior year
RRC lease
6E-06139

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Where it sits

This county

Gregg CountyGreggPanolaUpshurCassWoodMorrisHopkinsSmithRuskHarrisonMarionCampGregg County
Gregg County
Oil in Jul 2026
220 bbl
Reporting since
Jan 2020

Production by month

Oil output held steady over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output held steady over the last 12 monthsMonthly oil production and gas for PENN, Aug 2023 to Jul 2026. Oil output held steady over the last 12 months. 2,718 bbl in the 12 months through Jul 2026, against 2,745 bbl in the 12 months before.Last 12 months: 2,718 bblbbl per monthmcf per month00100252005030075400100500125Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output held steady over the last 12 monthsMonthly oil production and gas for PENN, Aug 2023 to Jul 2026. Oil output held steady over the last 12 months. 2,718 bbl in the 12 months through Jul 2026, against 2,745 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month00100252005030075400100500125Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

All of the gas went to a transmission line in the last 12 months

All of the gas went to a transmission line in the last 12 monthsShare of PENN gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to a transmission line in the last 12 months.Share of the lease’s gas by disposition code, per month0%50%100%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
All of the gas went to a transmission line in the last 12 monthsShare of PENN gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to a transmission line in the last 12 months.Share of gas by disposition code0%50%100%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

1 well on this lease

Wells on PENN
API numberWell no.Status
42-183-810111Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Energy Trans Crude Marketing LLCOilGathers90Apr 1, 2025–
Plains Marketing, L.p.OilGathers10Apr 1, 2025–
Jge Gas Solutions, LPCasinghead gasBuys100Jul 1, 2021–
Jge Gas Solutions, LPCasinghead gasGathers100Jul 1, 2021–
Plains Marketing, L.p.OilGathers100Jun 1, 2005Apr 1, 2025
American Midstream Gas Sltns, LPCasinghead gasGathers100Jan 1, 2016Jul 1, 2021
American Midstream Gas Sltns, LPCasinghead gasBuys100Jan 1, 2016Jul 1, 2021

SourceRailroad Commission Form P-4 file, Sep 24, 2026 (source).

What the drilling permits say

Permits for Penn
API numberWell no.Acreson the permit
42-183-810111–

SourceRailroad Commission drilling permits, Sep 26, 2026 (source 1, source 2).

Estimate your royalty

36 months, newest first

Ledger for PENN
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026220181000$80.46$2.89
Jun 2026212174000$84.81$3.15
May 2026226174000$102.13$2.94
Apr 2026206338000$100.32$2.77
Mar 2026237174000$91.38$3.04
Feb 2026210347000$64.51$3.62
Jan 2026254173000$60.04$7.72
Dec 2025212184000$57.97$4.26
Nov 2025230178000$60.06$3.79
Oct 2025245173000$60.89$3.19
Sep 2025229351000$63.96$2.97
Aug 2025237157000$64.86$2.91
Jul 2025235312110$68.39$3.20
Jun 2025230178000$68.17$3.02
May 2025240352880$62.17$3.12
Apr 2025224176000$63.54$3.42
Mar 202521915714140$68.24$4.12
Feb 2025214172990$71.53$4.19
Jan 202524335027270$75.74$4.13
Dec 202425016023230$70.12$3.01
Nov 202423137117170$69.95$2.12
Oct 202423515729290$71.99$2.20
Sep 202420615426260$70.24$2.28
Aug 202421834633330$76.68$1.99
Jul 202423418930300$81.80$2.07
Jun 202421815839390$79.77$2.54
May 202421531785850$80.02$2.12
Apr 202420616688880$85.35$1.60
Mar 202422018081810$81.28$1.49
Feb 202419116689890$77.25$1.72
Jan 20242123621031030$74.15$3.18
Dec 202318901151150$71.90$2.52
Nov 2023187179000$77.69$2.71
Oct 20231821601131130$85.64$2.98
Sep 202317237299990$89.43$2.64
Aug 202318917690900$81.39$2.58

SourceTexas Railroad Commission Production Data Query, through Jul 2026. Prices: EIA, through Aug 2026. Updated Sep 28, 2026.

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Nearby

Basa Resources, Inc. in Gregg County

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