SHEPARD UNIT

Operated by MAGNOLIA OIL & GAS OPERATING LLC (P-5 521544) in the GIDDINGS (AUSTIN CHALK-3) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 145246District 03Field 34733500CondensateGasSaveExport
Value, all time
$2.2 M
Apr 1993 – May 2026
Value, last 12 filed months
$6 k
at the published price for each month
Months reported
398
no gaps in the span
Streams
2
condensate, gas

The Railroad Commission's own record for the field this lease produces from, including the spacing rule that governs how close together its wells may be drilled.

These are facts about the field, not about this lease. The field holds 5,900 leases and 6,985 wells, and the rule below applies to all of them.

Discovered
1960-10-29
as the register files it
Field class
Oil and gas
the register's own label
Between wells
0 ft
minimum
From a lease line
330 ft
minimum

A drilling unit in this field needs at least 80 acres. The field rule took effect on 2025-09-30.

The Commission's schedule remark for this field reads: DKT OG-25-00028011: UFT FIELD, ALLOCATION FORMULA SUSPENDED

What this lease produced, and what it was worth

Oil and condensate are valued on the volume the state records as disposed of; gas and casinghead gas on the volume produced. They are different columns of different files, and the difference is not cosmetic.

StreamBasisVolumeValue
CondensateDisposition6,860 bbl$321,572
GasProduction574,971 Mcf$1,884,208
Total$2,205,780

128,415 Mcf of this lease's gas, across 44 months, carries no value here. No free Texas wellhead gas price exists before 1997, so those months are left out of the total rather than valued at zero. The total above is therefore a floor, not an estimate.

Wells on this lease (1)

Every wellbore the Railroad Commission records against this lease key, with the depth, the last completion and the plug date exactly as filed. A well with no plug date is not stated to be producing — the state files no such flag.

These wells centre on 30.2733, -96.7297. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.27326, -96.72973 · centre of the wells drawn, derived

What these wells add up to

Every figure below is counted over all of this lease's wells, not over the rows listed above. The Railroad Commission files two facts about a well's state — a plug date and a proration-schedule flag — and a well can carry both, so they are published as separate counts and never merged into a status.

On the schedule
0.0%
0 of 1 wells
With a plug date
0.0%
0 of 1 wells
Median depth
8,610 ft
1 wells filed one
Completion to plug
no well filed both dates

What the state filed about each well

On the RRC proration schedule
00.0%
A plug date is filed
00.0%
BothOn the schedule and plugged. Neither fact cancels the other.
00.0%
NeitherNo plug date, and not on the schedule.
1100.0%

A plug date is the date the Commission recorded the wellbore as sealed with cement and abandoned. It is the only end-of-life fact Texas files. There is no "active" flag on a well, so this page does not print one — a well with no plug date is not stated to be producing.

How deep they were drilled

The one well that filed a depth was drilled to 8,610 ft.

Completions filed
Jun 2011
1 of 1 wells

1 well

42-2873186218,610 ftJun 2011

The API number is the state's, prefixed 42 for Texas. A well is matched to this lease by the lease key the Commission files on the wellbore record, so a well that has moved between leases appears under each one it was filed against.

Every month this lease reported (398)

Volume × price = value, one row per cycle. The price columns are the same series published on the prices page — nothing here is modelled.

398 months

May 202600106.413.05$0
Apr 20260098.932.87$0
Mar 20260089.753.15$0
Feb 20260063.503.75$0
Jan 2026028659.138.00$2,287
Dec 202509956.664.41$437
Nov 20250058.593.93$0
Oct 20250059.383.30$0
Sep 2025015862.743.08$486
Aug 202507263.933.01$217
Jul 2025034866.743.32$1,154
Jun 2025051066.483.13$1,596
May 2025062060.553.23$2,004
Apr 2025041662.363.54$1,474
Mar 2025033367.704.27$1,421
Feb 2025049970.884.34$2,166
Jan 2025052074.324.28$2,225
Dec 2024053268.993.12$1,661
Nov 2024052769.052.20$1,159
Oct 2024061671.372.28$1,405
Sep 2024057069.612.36$1,348
Aug 2024062775.632.06$1,294
Jul 202419359779.932.15$16,708
Jun 2024057478.082.63$1,512
May 2024059978.812.20$1,317
Apr 2024058284.451.66$966
Mar 2024057280.301.55$884
Feb 2024058276.091.78$1,038
Jan 2024060573.023.30$1,995
Dec 2023054671.262.61$1,425
Nov 2023054777.892.81$1,536
Oct 2023054685.443.09$1,686
Sep 2023048389.042.74$1,321
Aug 2023050780.522.67$1,355
Jul 2023051374.852.64$1,355
Jun 2023051568.962.26$1,163
May 2023055270.622.23$1,230
Apr 2023054778.122.24$1,224
Mar 2023059872.852.39$1,431
Feb 2023055975.112.47$1,378
Jan 202319164876.533.39$16,812
Dec 2022064976.415.73$3,718
Nov 2022062785.005.65$3,540
Oct 2022067887.185.86$3,976
Sep 2022066484.888.16$5,421
Aug 2022059994.529.13$5,467
Jul 20220695101.587.54$5,242
Jun 20220517115.097.98$4,124
May 20220663109.378.43$5,591
Apr 20220685104.226.84$4,684
Mar 20220713108.885.08$3,619
Feb 2022065591.054.86$3,183
Jan 2022073581.844.54$3,335
Dec 2021075971.323.90$2,959
Nov 2021073877.435.24$3,865
Oct 2021080079.795.71$4,571
Sep 2021081569.865.35$4,361
Aug 2021072566.024.22$3,060
Jul 2021072270.783.98$2,875
Jun 2021080369.493.38$2,715
May 202118982663.483.02$14,490
Apr 2021182860.362.76$2,344
Mar 2021088061.302.72$2,391
Feb 2021081857.805.55$4,538
Jan 2021091850.412.81$2,580
Dec 2020093544.642.68$2,502
Nov 2020097138.772.71$2,628
Oct 202001,01136.972.48$2,506
Sep 2020198937.091.99$2,006
Aug 202001,01439.982.39$2,418
Jul 202001,02838.371.83$1,876
Jun 2020098834.901.69$1,670
May 202001,03716.921.81$1,882
Apr 202010499214.751.80$3,324
Mar 202001,02830.341.86$1,908
Feb 2020092949.881.98$1,840
Jan 2020083957.252.09$1,757
Dec 2019091759.012.30$2,113
Nov 2019089355.302.75$2,456
Oct 2019091953.472.42$2,223
Sep 201917988755.052.66$12,211
Aug 2019192053.112.30$2,173
Jul 2019083956.272.46$2,064
Jun 2019083452.782.49$2,078
May 2019083658.482.74$2,291
Apr 2019082662.632.75$2,272
Mar 2019088956.803.06$2,722
Feb 2019083250.852.79$2,323
Jan 2019093246.033.23$3,009
Dec 2018095446.594.19$3,993
Nov 2018095352.934.24$4,038
Oct 2018095861.443.40$3,255
Sep 2018089959.543.11$2,794
Aug 201801,03459.403.07$3,171
Jul 20181821,08165.142.93$15,025
Jun 2018097360.183.08$2,994
May 201801,08565.382.90$3,147
Apr 201801,07863.842.90$3,127
Mar 201801,10761.222.79$3,085
Feb 201801,04261.782.77$2,882
Jan 201801,17262.874.01$4,699
Dec 201701,18357.272.92$3,456
Nov 201701,14555.423.12$3,571
Oct 201701,19749.292.98$3,571
Sep 201701,09247.523.09$3,371
Aug 201701,23545.373.00$3,710
Jul 20171841,20343.873.09$11,786
Jun 201701,20242.493.09$3,711
May 201711,21245.373.26$4,001
Apr 201701,17047.933.21$3,758
Mar 201701,18946.772.98$3,548
Feb 201701,07550.452.95$3,174
Jan 201711,21749.413.42$4,210
Dec 201601,22348.763.72$4,553
Nov 201601,20342.492.64$3,181
Oct 201601,18146.193.09$3,650
Sep 20161781,09241.553.10$10,782
Aug 201601,13641.442.92$3,322
Jul 201601,08741.622.92$3,179
Jun 201601,04045.352.69$2,793
May 201601,12342.521.99$2,236
Apr 201601,10636.561.99$2,202
Mar 201601,12933.011.79$2,025
Feb 201601,12326.472.06$2,317
Jan 201601,22027.352.36$2,885
Dec 201501,21732.362.00$2,436
Nov 201511,18438.792.17$2,605
Oct 201501,23143.552.43$2,987
Sep 20151771,19442.992.76$10,903
Aug 201501,16240.162.87$3,338
Jul 201501,39848.152.95$4,117
Jun 201511,40156.152.88$4,095
May 201501,40855.212.96$4,161
Apr 201501,38049.822.71$3,735
Mar 201501,40542.892.93$4,123
Feb 201511,30844.662.98$3,938
Jan 201501,45443.433.10$4,508
Dec 201401,54354.693.59$5,541
Nov 20141861,29370.464.25$18,603
Oct 201401,47678.303.90$5,758
Sep 201401,40186.164.05$5,668
Aug 201401,41289.394.04$5,698
Jul 201401,29096.564.18$5,392
Jun 201401,28598.164.74$6,087
May 201401,37894.734.73$6,513
Apr 201401,27195.944.81$6,112
Mar 201401,31495.895.06$6,645
Feb 20141811,24797.406.19$25,351
Jan 201401,38790.404.86$6,742
Dec 201301,39491.824.35$6,070
Nov 201301,36288.853.74$5,092
Oct 201301,29597.423.78$4,894
Sep 201301,265104.113.72$4,703
Aug 201301,336104.253.52$4,706
Jul 201301,325102.523.72$4,926
Jun 201301,53394.403.93$6,030
May 201301,61694.834.15$6,705
Apr 201301,58993.964.28$6,805
Mar 20131201,67893.623.91$17,800
Feb 201301,51591.233.42$5,181
Jan 201301,63091.603.42$5,574
Dec 201201,66686.773.42$5,698
Nov 201201,66086.953.62$6,017
Oct 201201,69689.383.40$5,766
Sep 20121831,57894.672.92$21,930
Aug 201201,61892.662.91$4,705
Jul 201201,48085.133.02$4,471
Jun 201201,56279.822.52$3,935
May 201201,67491.612.49$4,165
Apr 201201,806101.652.00$3,606
Mar 201201,949105.052.22$4,331
Feb 201201,940101.102.57$4,986
Jan 201201,92098.092.73$5,249
Dec 20111882,12896.873.24$25,106
Nov 201102,13095.723.31$7,053
Oct 201102,29984.983.65$8,388
Sep 201102,30183.623.99$9,171
Aug 201102,55283.404.15$10,589
Jul 201112,33694.144.52$10,646
Jun 2011049992.904.64$2,315
May 2011056498.134.40$2,484
Apr 2011178604105.964.33$21,478
Mar 2011076396.364.06$3,096
Feb 2011087785.644.18$3,666
Jan 201101,39086.504.59$6,378
Dec 201062,03785.734.35$9,371
Nov 201001,00780.843.80$3,822
Oct 201001,07278.103.51$3,762
Sep 201001,03672.633.98$4,123
Aug 201001,06173.684.42$4,689
Jul 201001,03672.554.74$4,907
Jun 201001,05570.364.91$5,180
May 201001,10671.124.24$4,684
Apr 201001,08081.694.12$4,453
Mar 201001,11578.394.39$4,893
Feb 20101801,04573.585.44$18,932
Jan 201001,10474.365.96$6,584
Dec 200901,16271.445.48$6,372
Nov 200901,09174.593.75$4,093
Oct 2009099872.544.11$4,102
Sep 2009098465.543.06$3,016
Aug 200901,01767.423.22$3,273
Jul 200911,02861.133.46$3,623
Jun 2009092566.163.90$3,603
May 200901,00454.743.93$3,941
Apr 200901,01946.773.59$3,656
Mar 200901,05842.144.06$4,294
Feb 2009097132.814.63$4,499
Jan 2009099735.865.37$5,355
Dec 200801,08737.105.98$6,497
Nov 200801,05555.496.86$7,238
Oct 200801,10675.246.92$7,656
Sep 200801,060101.767.88$8,350
Aug 200801,139114.228.48$9,662
Jul 20081141,186131.0811.39$28,451
Jun 200801,153131.3313.03$15,027
May 200801,166123.1711.57$13,496
Apr 200811,127110.3110.45$11,893
Mar 200801,194101.909.66$11,539
Feb 200801,11392.538.77$9,762
Jan 200801,14390.388.21$9,379
Dec 200701,23188.337.30$8,989
Nov 200711,22291.677.29$9,002
Oct 200701,23882.856.92$8,569
Sep 200701,21075.846.24$7,555
Aug 200711,24469.066.39$8,016
Jul 20071751,32870.906.39$20,891
Jun 200701,34362.007.55$10,138
May 200711,39958.747.85$11,036
Apr 200701,37159.617.81$10,701
Mar 200701,46256.927.30$10,675
Feb 200711,33755.108.22$11,040
Jan 200711,35950.306.73$9,192
Dec 200601,43156.656.92$9,900
Nov 200611,39254.207.62$10,658
Oct 200601,43054.906.01$8,600
Sep 200601,38260.085.04$6,961
Aug 20061891,42368.717.34$23,431
Jul 200601,45069.376.34$9,197
Jun 200611,44666.286.38$9,297
May 200601,49966.016.42$9,631
Apr 200601,46264.397.36$10,761
Mar 200611,53056.707.08$10,894
Feb 200601,41157.597.75$10,937
Jan 200601,61560.598.93$14,427
Dec 200501,53654.9413.42$20,606
Nov 200501,50854.6910.59$15,967
Oct 200501,55158.3413.80$21,397
Sep 200501,49361.4512.08$18,034
Aug 20051801,67361.519.80$27,462
Jul 200501,63055.697.84$12,785
Jun 200501,59552.337.38$11,773
May 200511,68145.226.65$11,226
Apr 200501,64249.207.36$12,086
Mar 200501,72350.377.15$12,328
Feb 200501,58145.226.31$9,979
Jan 200501,49843.166.32$9,471
Dec 200401,87539.866.75$12,658
Nov 20041711,81545.286.33$19,233
Oct 200401,97849.706.52$12,887
Sep 200402,03943.245.28$10,774
Aug 200401,97742.375.55$10,974
Jul 200402,12238.286.08$12,911
Jun 200402,05136.106.43$13,194
May 200402,33037.486.49$15,132
Apr 20041872,53634.475.86$21,303
Mar 200401,21934.365.53$6,741
Feb 2004084232.455.51$4,639
Jan 2004055532.036.30$3,496
Dec 2003074130.266.30$4,670
Nov 2003097928.804.60$4,499
Oct 2003084228.174.76$4,008
Sep 2003095526.314.75$4,536
Aug 200301,29129.765.13$6,622
Jul 200301,39929.415.17$7,234
Jun 200301,22128.565.98$7,305
May 200301,23226.595.97$7,358
Apr 200301,15526.675.41$6,245
Mar 20031541,59731.146.10$14,531
Feb 200311,38333.487.93$10,995
Jan 200311,56130.315.58$8,744
Dec 200201,15826.914.85$5,621
Nov 200201,24224.664.14$5,138
Oct 200201,82826.464.23$7,731
Sep 200201,44827.443.64$5,264
Aug 200201,42225.963.16$4,499
Jul 20021721,51124.583.06$8,854
Jun 200211,30623.733.34$4,383
May 200201,64124.663.58$5,881
Apr 200201,35523.653.51$4,759
Mar 200201,85322.003.10$5,749
Feb 200201,76918.222.38$4,203
Jan 200201,84417.172.38$4,381
Dec 20011771,87416.932.36$7,428
Nov 200112,02518.072.41$4,889
Oct 200122,06119.782.53$5,252
Sep 200112,27124.262.25$5,137
Aug 2001067524.873.05$2,061
Jul 2001081323.933.20$2,599
Jun 200101,02824.563.82$3,931
May 200101,15125.524.31$4,958
Apr 200101,21324.685.34$6,472
Mar 200101,57324.545.38$8,457
Feb 20011921,60627.755.77$14,590
Jan 200101,26127.478.40$10,591
Dec 200001,51026.889.12$13,775
Nov 200011,43432.215.66$8,146
Oct 200001,38531.235.15$7,127
Sep 200001,67631.875.19$8,693
Aug 200001,79629.644.54$8,155
Jul 200001,54128.534.09$6,302
Jun 200002,21429.304.40$9,736
May 200013,06527.263.68$11,306
Apr 20001541,22724.513.12$7,598
Mar 200001,38128.422.86$3,949
Feb 200001,63827.622.73$4,466
Jan 200001,90225.272.48$4,718
Dec 199901,25124.282.42$3,032
Nov 199901,21323.192.43$2,952
Oct 199901,31720.982.80$3,692
Sep 199901,46721.752.62$3,842
Aug 199901,58319.262.88$4,552
Jul 199901,82617.892.37$4,332
Jun 19991652,68715.942.36$8,977
May 199901,42115.792.32$3,298
Apr 199901,37415.102.21$3,034
Mar 199901,68112.471.84$3,090
Feb 199901,7139.981.82$3,114
Jan 199901,60610.381.90$3,051
Dec 1998841,6679.201.77$3,729
Nov 199801,97410.892.19$4,315
Oct 199801,96312.421.97$3,866
Sep 199802,02412.592.08$4,215
Aug 199802,18511.301.91$4,168
Jul 1998442,53611.742.24$6,190
Jun 199802,09611.242.24$4,689
May 1998951,97212.622.21$5,550
Apr 199801,96413.042.51$4,920
Mar 199802,64312.802.31$6,104
Feb 1998942,36513.952.30$6,749
Jan 199803,06214.702.15$6,598
Dec 1997523,40316.322.41$9,054
Nov 199702,68518.193.09$8,292
Oct 19971064,37319.253.15$15,815
Sep 19971844,44117.742.95$16,387
Aug 199726,87917.862.55$17,610
Jul 199701,56317.582.25$3,512
Jun 199701,20517.242.26$2,720
May 199701,31218.972.31$3,029
Apr 1997351,14517.882.08$3,011
Mar 199701,34418.951.94$2,606
Feb 1997841,18020.492.21$4,324
Jan 199701,29123.483.54$4,570
Dec 199601,25223.32$0
Nov 199601,27321.97$0
Oct 1996501,23823.31$1,166
Sep 199601,37322.22$0
Aug 199601,59820.26$0
Jul 1996401,81519.55$782
Jun 199602,12918.73$0
May 1996422,99719.43$816
Apr 1996483,84821.51$1,032
Mar 1996642,54219.38$1,240
Feb 1996092916.98$0
Jan 199601,07617.07$0
Dec 1995711,17517.19$1,220
Nov 199501,21416.00$0
Oct 199501,32015.43$0
Sep 199501,29016.18$0
Aug 1995551,71215.92$876
Jul 199501,57515.24$0
Jun 199501,58316.41$0
May 1995671,79117.56$1,177
Apr 199502,10717.73$0
Mar 1995591,85416.44$970
Feb 199501,75716.58$0
Jan 1995842,32215.92$1,337
Dec 199401,88015.03$0
Nov 199401,52615.90$0
Oct 1994311,69615.58$483
Sep 1994511,74915.29$780
Aug 199401,77816.13$0
Jul 1994581,70717.56$1,018
Jun 199402,10817.09$0
May 1994394,04315.88$619
Apr 1994594,80714.14$834
Mar 1994845,13012.46$1,047
Feb 199404,53912.50$0
Jan 1994794,85012.66$1,000
Dec 199305,56912.33$0
Nov 1993955,34014.49$1,377
Oct 199305,55715.85$0
Sep 19931446,41815.03$2,164
Aug 199307,81515.66$0
Jul 199306,63315.46$0
Jun 199326,58116.79$34
May 199306,91917.68$0
Apr 19930018.05$0

How to read this page

The arithmetic is one multiplication per stream per month. Here it is, worked, on a real row from the table above.

Jan 2026 — as filed, then multipliedworked
Condensate             0 bbl  × $ 59.13 =         $0
Gas                  286 Mcf  × $  8.00 =     $2,287

────────────────────────────────────────────────────
Month total                                   $2,287

The volumes are the state's, unchanged

Every barrel and every Mcf on this page is a number the Railroad Commission of Texas published in its monthly production query. Nothing is modelled, estimated or filled in.

The dollars are a multiplication, not a valuation

Volume × a published monthly price. It is not what the operator was paid: it takes no account of a contract, a differential, a transportation deduction, or the share any one owner holds.

Oil and gas are priced differently

Oil is a Texas realisation — the crude oil first purchase price. Gas is a benchmark, because no free Texas wellhead gas series exists at any date. The prices page publishes the difference rather than correcting it away.

A lease is not a well

The state reports oil on lease and gas on well, and this page is the lease grain. 03/G/145246 is the state's own key, not one this site invented.