SHERMAN

Operated by NECHES TRANSPORT INC. (P-5 601854) in the PAVEY KIRBY (WILCOX 8400) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 266928District 03Field 69831333CondensateGasSave
Value, all time
$5.9 M
Jan 2012 – May 2026
Value, last 12 filed months
$575
at the published price for each month
Months reported
173
no gaps in the span
Streams
2
condensate, gas

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
CondensateDisposition34,690 bbl$2,819,556
GasProduction851,928 Mcf$3,031,073
Total$5,850,630

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 30.5515, -94.5052. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.55148, -94.50517 · 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
11,000 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 11,000 ft.

Completions filed
Jan 2012
1 of 1 wells

1 well

42-45730788111,000 ftJan 2012

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 (173)

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

173 months

May 2026010106.413.05$30
Apr 202601598.932.87$43
Mar 202601189.753.15$35
Feb 202601263.503.75$45
Jan 202601559.138.00$120
Dec 202501256.664.41$53
Nov 202501058.593.93$39
Oct 20250859.383.30$26
Sep 202501562.743.08$46
Aug 202501063.933.01$30
Jul 202501866.743.32$60
Jun 202501566.483.13$47
May 202501060.553.23$32
Apr 202501062.363.54$35
Mar 202501067.704.27$43
Feb 202501070.884.34$43
Jan 202501074.324.28$43
Dec 202405868.993.12$181
Nov 202407469.052.20$163
Oct 202406371.372.28$144
Sep 202405569.612.36$130
Aug 20240075.632.06$0
Jul 20240079.932.15$0
Jun 20240078.082.63$0
May 20240078.812.20$0
Apr 20240084.451.66$0
Mar 20240080.301.55$0
Feb 20240076.091.78$0
Jan 20240073.023.30$0
Dec 20230071.262.61$0
Nov 20230077.892.81$0
Oct 20230085.443.09$0
Sep 20230089.042.74$0
Aug 20230080.522.67$0
Jul 20230074.852.64$0
Jun 20230068.962.26$0
May 20230070.622.23$0
Apr 202370078.122.24$5,468
Mar 20230072.852.39$0
Feb 20230075.112.47$0
Jan 20230076.533.39$0
Dec 20220076.415.73$0
Nov 20220085.005.65$0
Oct 20220087.185.86$0
Sep 20220084.888.16$0
Aug 20220094.529.13$0
Jul 202200101.587.54$0
Jun 202200115.097.98$0
May 202200109.378.43$0
Apr 202200104.226.84$0
Mar 202200108.885.08$0
Feb 20220091.054.86$0
Jan 20220081.844.54$0
Dec 20210071.323.90$0
Nov 20210077.435.24$0
Oct 20210079.795.71$0
Sep 20210069.865.35$0
Aug 20210066.024.22$0
Jul 20210070.783.98$0
Jun 20210069.493.38$0
May 20210063.483.02$0
Apr 20210060.362.76$0
Mar 20210061.302.72$0
Feb 20210057.805.55$0
Jan 20210050.412.81$0
Dec 20200044.642.68$0
Nov 20200038.772.71$0
Oct 20200036.972.48$0
Sep 20200037.091.99$0
Aug 20200039.982.39$0
Jul 20200038.371.83$0
Jun 20200034.901.69$0
May 20200016.921.81$0
Apr 20200014.751.80$0
Mar 20200030.341.86$0
Feb 20200049.881.98$0
Jan 20200057.252.09$0
Dec 20190059.012.30$0
Nov 20190055.302.75$0
Oct 20190053.472.42$0
Sep 20190055.052.66$0
Aug 20190053.112.30$0
Jul 20190056.272.46$0
Jun 20190052.782.49$0
May 20190058.482.74$0
Apr 20190062.632.75$0
Mar 20190056.803.06$0
Feb 20190050.852.79$0
Jan 20190046.033.23$0
Dec 20180046.594.19$0
Nov 20180052.934.24$0
Oct 20180061.443.40$0
Sep 20180059.543.11$0
Aug 20180059.403.07$0
Jul 20180065.142.93$0
Jun 20180060.183.08$0
May 20180065.382.90$0
Apr 20180063.842.90$0
Mar 20180061.222.79$0
Feb 20180061.782.77$0
Jan 20180062.874.01$0
Dec 201796057.272.92$5,498
Nov 20170055.423.12$0
Oct 20170049.292.98$0
Sep 20170047.523.09$0
Aug 201703545.373.00$105
Jul 20170043.873.09$0
Jun 20170042.493.09$0
May 20170245.373.26$7
Apr 20170047.933.21$0
Mar 20171926446.772.98$9,171
Feb 20170050.452.95$0
Jan 2017271,27749.413.42$5,700
Dec 20167557,74748.763.72$65,655
Nov 20163779,62242.492.64$41,463
Oct 20161949,44646.193.09$38,151
Sep 20161865,44041.553.10$24,596
Aug 20161826,36041.442.92$26,141
Jul 20161846,60941.622.92$26,985
Jun 20163278,27145.352.69$37,044
May 201606,75742.521.99$13,453
Apr 20162637,22536.561.99$24,001
Mar 20167810,69133.011.79$21,755
Feb 201627410,42626.472.06$28,768
Jan 201634112,16427.352.36$38,086
Dec 201530512,98032.362.00$35,848
Nov 20154059,11238.792.17$35,459
Oct 201540612,83343.552.43$48,822
Sep 201518312,56342.992.76$42,521
Aug 201540712,62040.162.87$52,596
Jul 20152009,82748.152.95$38,571
Jun 20152034,18356.152.88$23,457
May 20152049,76755.212.96$40,129
Apr 201534810,19049.822.71$44,917
Mar 201539413,03942.892.93$55,164
Feb 201540912,92644.662.98$56,736
Jan 201540715,02643.433.10$64,266
Dec 201496017,73554.693.59$116,195
Nov 201439517,82070.464.25$103,599
Oct 201480019,54578.303.90$138,884
Sep 201439220,46286.164.05$116,553
Aug 201460220,75889.394.04$137,574
Jul 201428112,40696.564.18$78,985
Jun 201457118,06898.164.74$141,635
May 20141,00920,02994.734.73$190,251
Apr 201460018,32995.944.81$145,710
Mar 201490818,99895.895.06$183,137
Feb 201464416,46197.406.19$164,652
Jan 201497719,18590.404.86$181,574
Dec 201373118,83191.824.35$149,120
Nov 201374417,23888.853.74$130,545
Oct 201397018,07197.423.78$162,794
Sep 201389018,552104.113.72$161,629
Aug 201380418,848104.253.52$150,211
Jul 201363210,972102.523.72$105,584
Jun 201389917,88594.403.93$155,215
May 20131,18420,70994.834.15$198,202
Apr 201378217,57093.964.28$148,722
Mar 20131,21741,41893.623.91$275,999
Feb 201376719,21591.233.42$135,687
Jan 20131,62223,38991.603.42$228,563
Dec 20121,26625,31886.773.42$196,442
Nov 20121,36128,42586.953.62$221,378
Oct 20121,40922,36589.383.40$201,970
Sep 20121,06423,47494.672.92$169,235
Aug 20121,14723,22592.662.91$173,823
Jul 20122696,40685.133.02$42,251
Jun 2012089779.822.52$2,260
May 20121962,48691.612.49$24,142
Apr 20121793,706101.652.00$25,595
Mar 20123866,066105.052.22$54,028
Feb 20126158,247101.102.57$83,373
Jan 201201,16698.092.73$3,188

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.

May 2026 — as filed, then multipliedworked
Condensate             0 bbl  × $106.41 =         $0
Gas                   10 Mcf  × $  3.05 =        $30

────────────────────────────────────────────────────
Month total                                      $30

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/266928 is the state's own key, not one this site invented.