BASS
BASS is a Texas oil lease in Wheeler County, Railroad Commission district 10, operated by Sanguine Gas Exploration, LLC. It has 6 wellbores on file with the Commission. Reported production runs from March 2010 to August 2026, totalling 531,081 barrels. The lease is currently producing. Fitting a decline curve to that history and pricing the remaining production at today's forward curve values the whole lease — a 100% undivided interest — at about $3.6M, with roughly $758K expected over the next twelve months. An individual royalty owner receives their own decimal interest times that figure. Over the last twelve months on file it averaged 804 barrels a month, about 134 per wellbore. Its strongest month on the record we hold was June 2022, at 7,301 barrels. In our own backtest, leases producing at this rate are forecast to within about 22% of what they went on to produce, and that measured error is the range shown on the page rather than a confidence of our own devising.
Key facts about BASS
- Who operates BASS?
- BASS is operated by Sanguine Gas Exploration, LLC, Railroad Commission of Texas operator number 748059.
- Where is BASS?
- BASS is a Texas oil lease in Wheeler County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 08113.
- Is BASS still producing?
- BASS is currently producing. The most recent month of production reported to the Railroad Commission of Texas for BASS is August 2026.
- How much has BASS produced?
- BASS has reported 531,081 barrels of oil (bbl) to the Railroad Commission of Texas between March 2010 and August 2026, from 6 wellbores.
- How much is BASS worth?
- The remaining production from BASS is estimated to be worth about $3.6M in total as of 27 August 2026, within a range of $2.8M to $4.4M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BASS is a fraction of it. The estimate fits an Arps decline curve to the production BASS has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for BASS is an estimate of value, not an offer and not an appraisal.
- How much income does BASS generate in a year?
- BASS is forecast to net about $758K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in BASS receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Sanguine Gas Exploration, LLC |
|---|---|
| Field | Mills Ranch (Granite Wash Cons.) |
| County | Wheeler County, Texas |
| RRC district | 10 |
| Lease number | 08113 |
| Wellbores | 6 |
| Reported production | 531,081 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $3.6M |
Where BASS sits
Source: Railroad Commission of Texas lease production records, complete through . Figures on this page were computed on .
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. How this estimate is calculated.