SHEARD GAS UNIT

Name: SHEARD GAS UNIT lease production and value, Sep 1999 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by FAULCONER, VERNON E., INC. (P-5 263701) in the MOTT SLOUGH (YEGUA) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 174860District 03Field 63277500CondensateGasSave Export

Value, all time

$11.1 M

Sep 1999 – Aug 2015

Value, last 12 filed months

$36 k

at the published price for each month

Months reported

192

no gaps in the span

Streams

condensate, gas

The MOTT SLOUGH (YEGUA) field

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 16 leases and 16 wells, and the rule below applies to all of them.

Discovered

1988-06-04

as the register files it

Field class

Gas

the register's own label

Between wells

—

no field rule filed

From a lease line

—

no field rule filed

The Commission's schedule remark for this field reads: “AND COMMISSIN APPROVAL.”

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.

Stream	Basis	Volume	Value
Condensate	Disposition	76,022 bbl	$2,006,213
Gas	Production	2,630,212 Mcf	$9,132,159
Total			$11,138,372

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 29.2996, -96.3323. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

29.29961, -96.33228 · centre of the wells drawn, derived⌘ or Ctrl + scroll to zoom

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

100.0%

1 of 1 wells

With a plug date

100.0%

1 of 1 wells

Median depth

8,212 ft

1 wells filed one

Completion to plug

15.9 years

median over 1 well

What the state filed about each well

On the RRC proration schedule

1100.0%

A plug date is filed

1100.0%

BothOn the schedule and plugged. Neither fact cancels the other.

1100.0%

NeitherNo plug date, and not on the schedule.

00.0%

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 8,212 ft.

Completions filed

Sep 1999

1 of 1 wells

Plug dates filed

Aug 2015

1 of 1 wells

Last completion to plug: a median of 15.9 years across the 1 well that filed both dates, with the middle half between 15.9 years and 15.9 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-48134134	1	8,212 ft	Sep 1999	Aug 2015	Yes

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 (192)

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

192 months


Aug 2015	0	0	40.16	2.87	$0
Jul 2015	0	0	48.15	2.95	$0
Jun 2015	0	0	56.15	2.88	$0
May 2015	0	0	55.21	2.96	$0
Apr 2015	72	0	49.82	2.71	$3,587
Mar 2015	0	0	42.89	2.93	$0
Feb 2015	0	0	44.66	2.98	$0
Jan 2015	0	248	43.43	3.10	$769
Dec 2014	0	1,031	54.69	3.59	$3,703
Nov 2014	0	1,146	70.46	4.25	$4,873
Oct 2014	178	1,214	78.30	3.90	$18,673
Sep 2014	0	1,130	86.16	4.05	$4,571
Aug 2014	0	937	89.39	4.04	$3,781
Jul 2014	0	1,237	96.56	4.18	$5,170
Jun 2014	0	1,366	98.16	4.74	$6,471
May 2014	0	1,463	94.73	4.73	$6,915
Apr 2014	0	1,373	95.94	4.81	$6,603
Mar 2014	0	1,429	95.89	5.06	$7,226
Feb 2014	0	819	97.40	6.19	$5,071
Jan 2014	0	118	90.40	4.86	$574
Dec 2013	174	1,386	91.82	4.35	$22,012
Nov 2013	0	1,255	88.85	3.74	$4,692
Oct 2013	0	1,575	97.42	3.78	$5,952
Sep 2013	0	1,221	104.11	3.72	$4,539
Aug 2013	0	1,612	104.25	3.52	$5,678
Jul 2013	0	1,365	102.52	3.72	$5,075
Jun 2013	0	984	94.40	3.93	$3,870
May 2013	0	1,544	94.83	4.15	$6,406
Apr 2013	0	1,576	93.96	4.28	$6,749
Mar 2013	0	1,865	93.62	3.91	$7,298
Feb 2013	0	1,740	91.23	3.42	$5,951
Jan 2013	0	2,252	91.60	3.42	$7,702
Dec 2012	0	2,315	86.77	3.42	$7,918
Nov 2012	0	1,923	86.95	3.62	$6,971
Oct 2012	0	1,049	89.38	3.40	$3,566
Sep 2012	0	279	94.67	2.92	$814
Aug 2012	0	996	92.66	2.91	$2,897
Jul 2012	0	1,197	85.13	3.02	$3,616
Jun 2012	0	1,107	79.82	2.52	$2,789
May 2012	0	751	91.61	2.49	$1,869
Apr 2012	0	617	101.65	2.00	$1,232
Mar 2012	175	950	105.05	2.22	$20,495
Feb 2012	0	1,037	101.10	2.57	$2,665
Jan 2012	0	1,023	98.09	2.73	$2,797
Dec 2011	0	1,258	96.87	3.24	$4,076
Nov 2011	150	1,280	95.72	3.31	$18,596
Oct 2011	0	1,027	84.98	3.65	$3,747
Sep 2011	0	1,065	83.62	3.99	$4,245
Aug 2011	169	4,071	83.40	4.15	$30,986
Jul 2011	0	1,102	94.14	4.52	$4,978
Jun 2011	0	1,327	92.90	4.64	$6,157
May 2011	0	1,355	98.13	4.40	$5,969
Apr 2011	0	1,240	105.96	4.33	$5,373
Mar 2011	0	1,236	96.36	4.06	$5,015
Feb 2011	172	1,028	85.64	4.18	$19,027
Jan 2011	185	1,192	86.50	4.59	$21,472
Dec 2010	0	1,040	85.73	4.35	$4,522
Nov 2010	0	1,267	80.84	3.80	$4,809
Oct 2010	0	1,149	78.10	3.51	$4,032
Sep 2010	0	1,107	72.63	3.98	$4,405
Aug 2010	0	1,263	73.68	4.42	$5,582
Jul 2010	0	904	72.55	4.74	$4,282
Jun 2010	186	1,260	70.36	4.91	$19,274
May 2010	0	1,276	71.12	4.24	$5,404
Apr 2010	0	1,375	81.69	4.12	$5,669
Mar 2010	0	1,383	78.39	4.39	$6,070
Feb 2010	0	1,268	73.58	5.44	$6,901
Jan 2010	183	1,604	74.36	5.96	$23,174
Dec 2009	0	1,689	71.44	5.48	$9,262
Nov 2009	0	1,150	74.59	3.75	$4,314
Oct 2009	0	2,863	72.54	4.11	$11,768
Sep 2009	183	3,593	65.54	3.06	$23,005
Aug 2009	180	3,151	67.42	3.22	$22,277
Jul 2009	0	2,109	61.13	3.46	$7,307
Jun 2009	0	1,983	66.16	3.90	$7,724
May 2009	181	2,334	54.74	3.93	$19,071
Apr 2009	0	2,439	46.77	3.59	$8,750
Mar 2009	179	1,891	42.14	4.06	$15,219
Feb 2009	0	1,834	32.81	4.63	$8,497
Jan 2009	0	1,161	35.86	5.37	$6,236
Dec 2008	0	1,817	37.10	5.98	$10,860
Nov 2008	185	1,526	55.49	6.86	$20,735
Oct 2008	0	1,752	75.24	6.92	$12,127
Sep 2008	179	1,873	101.76	7.88	$32,969
Aug 2008	0	2,586	114.22	8.48	$21,937
Jul 2008	0	2,105	131.08	11.39	$23,975
Jun 2008	0	1,712	131.33	13.03	$22,312
May 2008	180	2,865	123.17	11.57	$55,331
Apr 2008	0	3,375	110.31	10.45	$35,285
Mar 2008	180	3,364	101.90	9.66	$50,852
Feb 2008	0	3,274	92.53	8.77	$28,715
Jan 2008	0	3,542	90.38	8.21	$29,065
Dec 2007	161	3,815	88.33	7.30	$42,078
Nov 2007	0	1,986	91.67	7.29	$14,481
Oct 2007	0	1,972	82.85	6.92	$13,650
Sep 2007	0	2,081	75.84	6.24	$12,994
Aug 2007	0	2,507	69.06	6.39	$16,015
Jul 2007	2	2,288	70.90	6.39	$14,757
Jun 2007	0	2,460	62.00	7.55	$18,569
May 2007	0	2,843	58.74	7.85	$22,307
Apr 2007	0	2,937	59.61	7.81	$22,924
Mar 2007	0	3,092	56.92	7.30	$22,578
Feb 2007	4	2,792	55.10	8.22	$23,159
Jan 2007	0	2,570	50.30	6.73	$17,288
Dec 2006	0	3,108	56.65	6.92	$21,503
Nov 2006	182	3,078	54.20	7.62	$33,311
Oct 2006	0	3,306	54.90	6.01	$19,882
Sep 2006	0	3,299	60.08	5.04	$16,618
Aug 2006	0	3,221	68.71	7.34	$23,642
Jul 2006	0	3,461	69.37	6.34	$21,952
Jun 2006	0	3,377	66.28	6.38	$21,558
May 2006	0	3,550	66.01	6.42	$22,809
Apr 2006	0	3,476	64.39	7.36	$25,585
Mar 2006	0	3,538	56.70	7.08	$25,059
Feb 2006	0	3,300	57.59	7.75	$25,579
Jan 2006	0	3,625	60.59	8.93	$32,383
Dec 2005	187	2,863	54.94	13.42	$48,682
Nov 2005	0	2,827	54.69	10.59	$29,933
Oct 2005	0	3,263	58.34	13.80	$45,016
Sep 2005	0	2,614	61.45	12.08	$31,575
Aug 2005	0	3,295	61.51	9.80	$32,281
Jul 2005	0	3,397	55.69	7.84	$26,645
Jun 2005	0	3,219	52.33	7.38	$23,760
May 2005	0	3,332	45.22	6.65	$22,162
Apr 2005	0	3,473	49.20	7.36	$25,563
Mar 2005	0	3,672	50.37	7.15	$26,273
Feb 2005	0	3,288	45.22	6.31	$20,754
Jan 2005	0	3,811	43.16	6.32	$24,094
Dec 2004	0	3,643	39.86	6.75	$24,594
Nov 2004	0	3,923	45.28	6.33	$24,834
Oct 2004	0	3,981	49.70	6.52	$25,937
Sep 2004	0	3,904	43.24	5.28	$20,628
Aug 2004	0	4,072	42.37	5.55	$22,602
Jul 2004	0	4,122	38.28	6.08	$25,079
Jun 2004	0	4,059	36.10	6.43	$26,112
May 2004	0	4,103	37.48	6.49	$26,647
Apr 2004	0	3,934	34.47	5.86	$23,047
Mar 2004	0	4,095	34.36	5.53	$22,646
Feb 2004	0	3,744	32.45	5.51	$20,628
Jan 2004	187	4,030	32.03	6.30	$31,377
Dec 2003	0	3,945	30.26	6.30	$24,860
Nov 2003	0	3,682	28.80	4.60	$16,919
Oct 2003	0	4,155	28.17	4.76	$19,776
Sep 2003	0	4,065	26.31	4.75	$19,306
Aug 2003	0	4,321	29.76	5.13	$22,166
Jul 2003	0	3,724	29.41	5.17	$19,256
Jun 2003	0	3,953	28.56	5.98	$23,651
May 2003	187	4,131	26.59	5.97	$29,645
Apr 2003	0	3,503	26.67	5.41	$18,942
Mar 2003	0	3,528	31.14	6.10	$21,507
Feb 2003	0	2,745	33.48	7.93	$21,757
Jan 2003	360	3,094	30.31	5.58	$28,182
Dec 2002	0	3,425	26.91	4.85	$16,624
Nov 2002	0	3,117	24.66	4.14	$12,895
Oct 2002	0	3,439	26.46	4.23	$14,544
Sep 2002	0	3,208	27.44	3.64	$11,662
Aug 2002	0	3,046	25.96	3.16	$9,638
Jul 2002	0	2,920	24.58	3.06	$8,940
Jun 2002	335	2,679	23.73	3.34	$16,893
May 2002	0	2,860	24.66	3.58	$10,250
Apr 2002	0	2,642	23.65	3.51	$9,280
Mar 2002	364	4,551	22.00	3.10	$22,128
Feb 2002	365	9,039	18.22	2.38	$28,124
Jan 2002	366	9,886	17.17	2.38	$29,770
Dec 2001	361	5,599	16.93	2.36	$19,350
Nov 2001	350	10,439	18.07	2.41	$31,436
Oct 2001	715	9,127	19.78	2.53	$37,224
Sep 2001	359	11,552	24.26	2.25	$34,717
Aug 2001	356	10,519	24.87	3.05	$40,970
Jul 2001	351	11,025	23.93	3.20	$43,647
Jun 2001	716	13,470	24.56	3.82	$69,096
May 2001	710	14,614	25.52	4.31	$81,066
Apr 2001	720	16,393	24.68	5.34	$105,232
Mar 2001	721	16,818	24.54	5.38	$108,114
Feb 2001	717	17,285	27.75	5.77	$119,581
Jan 2001	732	21,543	27.47	8.40	$201,043
Dec 2000	907	25,689	26.88	9.12	$258,728
Nov 2000	899	29,557	32.21	5.66	$196,190
Oct 2000	721	37,698	31.23	5.15	$216,492
Sep 2000	358	27,760	31.87	5.19	$155,387
Aug 2000	698	26,533	29.64	4.54	$141,168
Jul 2000	711	50,397	28.53	4.09	$226,396
Jun 2000	711	57,909	29.30	4.40	$275,473
May 2000	701	82,162	27.26	3.68	$321,445
Apr 2000	1,072	112,817	24.51	3.12	$377,812
Mar 2000	1,575	171,362	28.42	2.86	$534,814
Feb 2000	1,926	212,241	27.62	2.73	$631,871
Jan 2000	3,956	306,674	25.27	2.48	$860,673
Dec 1999	10,172	347,060	24.28	2.42	$1,088,152
Nov 1999	22,970	408,758	23.19	2.43	$1,527,587
Oct 1999	16,046	186,791	20.98	2.80	$860,353
Sep 1999	0	1,221	21.75	2.62	$3,198

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.

Apr 2015 — as filed, then multipliedworked

Condensate            72 bbl  × $ 49.82 =     $3,587
Gas                    0 Mcf  × $  2.71 =         $0

────────────────────────────────────────────────────
Month total                                   $3,587

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/174860 is the state's own key, not one this site invented.