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Texas oil lease

Producing

REID, V. E.

Reid, V. E. is an oil lease in Rusk County, Texas, operated by Basa Resources, Inc. in the East Texas field.

14 wells

4,999bbl oil, last 12 months−11% vs prior year
Operator
Basa Resources, Inc.
County
Rusk County
Field
East Texas
RRC lease
6E-07001

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Where it sits

This county

Rusk CountyRuskPanolaGreggUpshurShelbySmithHarrisonCherokeeRusk County
Rusk County
Gas, last 12 months
19 mcf
Oil in Jul 2026
311 bbl

Production by month

Oil output fell 11% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 11% over the last 12 monthsMonthly oil production and gas for REID, V. E., Aug 2023 to Jul 2026. Oil output fell 11% over the last 12 months. 4,999 bbl in the 12 months through Jul 2026, against 5,643 bbl in the 12 months before.Last 12 months: 4,999 bblbbl per monthmcf per month0020050400100600150800200Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 11% over the last 12 monthsMonthly oil production and gas for REID, V. E., Aug 2023 to Jul 2026. Oil output fell 11% over the last 12 months. 4,999 bbl in the 12 months through Jul 2026, against 5,643 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month0020050400100600150800200Jan 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 REID, V. E. 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 REID, V. E. 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.

14 wells on this lease

Wells on REID, V. E.
API numberWell no.Status
42-401-009901Active
42-401-825942Active
42-401-825953Active
42-401-825964Active
42-401-825975Active
42-401-825986Active
42-401-825997Active
42-401-826008Active
42-401-826019Active
42-401-8260210Active
42-401-8260311Active
42-401-8260412Active
42-401-8260513Active
42-401-8260614Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Endeavor Crude, 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.OilGathers100Oct 1, 2014Apr 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).

Who buys my oilOil price check

70 acres on the newest permit

16 wells are listed on this lease

Permits for Reid, V. E.
API numberWell no.Acreson the permit
42-401-82597570
42-401-825975WI70
42-401-82600870
42-401-826008 R70
42-401-009901–
42-401-825942–
42-401-825953–
42-401-825964–
42-401-825986–
42-401-825997–
42-401-826019–
42-401-8260210–

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

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36 months, newest first

Ledger for REID, V. E.
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026311308000$80.46$2.89
Jun 2026361363000$84.81$3.15
May 2026422420000$102.13$2.94
Apr 2026384388000$100.32$2.77
Mar 2026414424110$91.38$3.04
Feb 202642541712120$64.51$3.62
Jan 2026406404000$60.04$7.72
Dec 2025417429000$57.97$4.26
Nov 2025449446000$60.06$3.79
Oct 2025465461000$60.89$3.19
Sep 2025463463000$63.96$2.97
Aug 2025482484660$64.86$2.91
Jul 202548347933330$68.39$3.20
Jun 202546145895950$68.17$3.02
May 20254454431581580$62.17$3.12
Apr 20254674661571570$63.54$3.42
Mar 20254684701441440$68.24$4.12
Feb 2025414415000$71.53$4.19
Jan 2025486489000$75.74$4.13
Dec 2024488487000$70.12$3.01
Nov 2024488498110$69.95$2.12
Oct 2024487476000$71.99$2.20
Sep 2024484482000$70.24$2.28
Aug 2024472478000$76.68$1.99
Jul 2024460451000$81.80$2.07
Jun 2024356348000$79.77$2.54
May 2024411422110$80.02$2.12
Apr 2024486485000$85.35$1.60
Mar 2024502506220$81.28$1.49
Feb 2024428426000$77.25$1.72
Jan 2024442444000$74.15$3.18
Dec 2023482489330$71.90$2.52
Nov 202345245533330$77.69$2.71
Oct 202356354733330$85.64$2.98
Sep 202342753633330$89.43$2.64
Aug 202352351144440$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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This lease belongs to

OperatorBasa Resources, Inc.FieldEast TexasCountyRusk County

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