LEASES · O-7-8091 · OIL · DISTRICT 6E
Spear
Basa Resources, Inc. · Gregg County · East Texas field
Spear is an RRC oil lease (O-7-8091) in Gregg County operated by Basa Resources, Inc., with 2 wells completed on it.
It has reported 106K barrels of oil and 601 mcf of gas since the record begins in January 1993, last reporting volume in August 2026 (statewide data runs through August 2026).
It reported 1.6K barrels of oil in the 12 months through August 2026, down 13% on the year before; the lease peaked at 648 barrels in January 2014.
4 operators have filed production on it, most recently Basa Resources, Inc. since May 2006.
- 106K
- bbl oil, all reported
- 601
- mcf gas incl. casinghead
- 1.6K
- bbl oil, 12 months through Aug 2026
- -13%
- vs the 12 before
- 2
- wells completed on it
- 648
- peak month, bbl (Jan 2014)
PDQ LEASE REPORTS · ON RECORD FROM JAN 1993, THE RECORD'S FIRST MONTH · LAST VOLUME AUG 2026 · STATEWIDE DATA THROUGH AUG 2026
Oil by month
Barrels reported on Form PR for the whole lease. The latest months are revised upward as late reports arrive.
12 months through Aug 2026 1,604 · prior 12 1,835(-13%)
Gas by month
No gas reported in the last ten years. 601 mcf over the lease's record, last in Sep 1999.
Decline curve
None shown. Petrora fits an Arps curve only when the last ten years of oil reports follow one decline closely enough to project (R² of 0.7 or better over at least a year since the peak). This lease's recent history does not, so a projection would be a guess dressed as a number.
Who reported it
Each run of months one operator filed the production report, oldest first, with what it reported in them.
- Walter Exploration Inc.Jan 1993 → Apr 1999 · 76 mo19.8K bbl oil · 551 mcf gas
- Pangaea Enterprises, Inc.May 1999 → Apr 2001 · 24 mo762 bbl oil · 50 mcf gas
- Mustang Operating CompanyMay 2001 → Apr 2006 · 60 mo13.9K bbl oil · 0 mcf gas
- Basa Resources, Inc.May 2006 → Nov 2026 · 247 mo71.4K bbl oil · 0 mcf gas
Wells on the lease
FROM COMPLETION REPORTS · PRODUCTION ABOVE IS THEIR TOTAL
2
wells completed on the lease
- Producing
- 2
Operates them now
About this data
Monthly oil, gas, and casinghead from the RRC PDQ production dump, which lags the reporting month by two to three months; figures shown through Aug 2026. Wells from completion reports; operator runs from who filed each month's report.
Developers: this page as JSON is GET /v1/data/leases/tx/o-7-8091, documented in the API reference.