WARD, J. M. "1240"
WARD, J. M. "1240" is a Texas gas lease in Stephens County, Railroad Commission district 7B, operated by Basa Resources, Inc. It has 1 wellbore on file with the Commission. Reported production runs from October 2008 to August 2026, totalling 1,276,472 thousand cubic feet. The lease is currently producing. Fitting a decline curve to that history and pricing the remaining production at today's forward curve values a standard royalty share at about $16K, with roughly $3K expected over the next twelve months.
| Operator | Basa Resources, Inc. |
|---|---|
| Field | Lakeside (Congl 3960) |
| County | Stephens County, Texas |
| RRC district | 7B |
| Lease number | 245166 |
| Wellbores | 1 |
| Reported production | 1,276,472 mcf |
| First reported | October 2008 |
| Last reported | August 2026 |
| Estimated royalty value | $16K |
Production figures are as reported to the Railroad Commission of Texas. The value shown is an estimate produced by fitting a decline curve to that reported history; it is not an offer or an appraisal.