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OGLETREE

Operated by IV STANDARD, LLC (P-5 103468) in the SHEPHERD (WX CONS) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 285859District 03Field 83047400CondensateGasSaveExport
Value, all time
$5.2 M
Feb 2018 – May 2026
Value, last 12 filed months
$246 k
at the published price for each month
Months reported
100
no gaps in the span
Streams
2
condensate, gas

The SHEPHERD (WX CONS) 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 14 leases and 14 wells, and the rule below applies to all of them.

Discovered
2010-05-18
as the register files it
Field class
Oil and gas
the register's own label
Between wells
0 ft
minimum
From a lease line
467 ft
minimum

A drilling unit in this field needs at least 40 acres. The field rule took effect on 2010-05-18.

The Commission's schedule remark for this field reads: “HORIZONTAL WELLS. THE ALLOCATION FORMULA WILL BE 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
CondensateDisposition22,026 bbl$1,340,020
GasProduction1,167,233 Mcf$3,849,692
Total$5,189,712

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 30.4588, -95.0079. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.45876, -95.00788 · 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
10,627 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 10,627 ft.

Completions filed
Nov 2019
1 of 1 wells

1 well

42-407307463R10,627 ftNov 2019——

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 (100)

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

100 months

May 20263092,042106.413.05$39,100
Apr 2026692,45998.932.87$13,883
Mar 20261372,71489.753.15$20,843
Feb 20261712,26863.503.75$19,364
Jan 20261811,16459.138.00$20,012
Dec 20252534,20656.664.41$32,898
Nov 2025184058.593.93$10,781
Oct 2025573,66059.383.30$15,480
Sep 20252293,38062.743.08$24,767
Aug 2025854,27563.933.01$18,322
Jul 2025523,89466.743.32$16,380
Jun 2025483,41066.483.13$13,860
May 202572060.553.23$4,360
Apr 20252943,56062.363.54$30,947
Mar 2025963,53767.704.27$21,596
Feb 20252323,13970.884.34$30,070
Jan 2025933,41774.324.28$21,532
Dec 2024863,95968.993.12$18,291
Nov 20242483,04069.052.20$23,808
Oct 20241104,63971.372.28$18,434
Sep 2024426,45969.612.36$18,195
Aug 20243106,57975.632.06$37,022
Jul 202406,62079.932.15$14,210
Jun 20242897,39878.082.63$42,051
May 202410610,55578.812.20$31,558
Apr 20242845,82284.451.66$33,644
Mar 2024997,87480.301.55$20,116
Feb 20242737,21576.091.78$33,642
Jan 20241207,61273.023.30$33,864
Dec 20233007,33171.262.61$40,517
Nov 20233258,74977.892.81$49,878
Oct 20231358,50185.443.09$37,779
Sep 20232627,07189.042.74$42,668
Aug 202312610,27080.522.67$37,596
Jul 202313310,56774.852.64$37,871
Jun 202328110,32668.962.26$42,699
May 20233509,09670.622.23$44,977
Apr 20238211,03378.122.24$31,095
Mar 202330711,86172.852.39$50,750
Feb 20232418,09675.112.47$38,064
Jan 2023012,98376.533.39$43,983
Dec 202217610,64376.415.73$74,423
Nov 2022171085.005.65$14,535
Oct 202218211,57887.185.86$83,757
Sep 2022011,53884.888.16$94,193
Aug 202217712,00894.529.13$126,329
Jul 202218712,851101.587.54$115,919
Jun 2022013,318115.097.98$106,240
May 202218310,833109.378.43$111,370
Apr 202218311,819104.226.84$99,886
Mar 202218112,428108.885.08$82,797
Feb 202218811,47391.054.86$72,863
Jan 202218414,78581.844.54$82,148
Dec 202118514,41171.323.90$69,384
Nov 202118116,11577.435.24$98,407
Oct 202118413,83879.795.71$93,750
Sep 202118326,84069.865.35$156,403
Aug 202118222,65166.024.22$107,616
Jul 202118624,70670.783.98$111,546
Jun 20211815,09769.493.38$29,809
May 202118323,38363.483.02$82,179
Apr 202136326,17860.362.76$94,121
Mar 202136424,49461.302.72$88,862
Feb 202135827,24357.805.55$171,835
Jan 202137229,07650.412.81$100,464
Dec 202018511,66944.642.68$39,478
Nov 202036626,68238.772.71$86,407
Oct 202036330,29536.972.48$88,504
Sep 202053930,33137.091.99$80,382
Aug 202054832,34839.982.39$99,062
Jul 202054132,18438.371.83$79,498
Jun 202091434,06034.901.69$89,471
May 202037032,38916.921.81$65,038
Apr 202053231,51014.751.80$64,703
Mar 202072430,16830.341.86$77,965
Feb 202074331,48049.881.98$99,412
Jan 20201,10326,46557.252.09$118,584
Dec 20191,09624,02459.012.30$120,035
Nov 201953712,16555.302.75$63,158
Oct 201902,69053.472.42$6,506
Sep 201902,27955.052.66$6,056
Aug 201903,43153.112.30$7,906
Jul 201903,19856.272.46$7,867
Jun 201904,96552.782.49$12,369
May 20191824,48358.482.74$22,928
Apr 201904,68962.632.75$12,898
Mar 201905,25956.803.06$16,104
Feb 201905,61450.852.79$15,676
Jan 20191896,19546.033.23$28,698
Dec 201807,78146.594.19$32,567
Nov 20181919,72252.934.24$51,304
Oct 201818610,38461.443.40$46,714
Sep 2018013,99759.543.11$43,503
Aug 201837716,74259.403.07$73,734
Jul 201818217,75765.142.93$63,917
Jun 201817218,08060.183.08$65,982
May 20181813,22365.382.90$21,183
Apr 201804,70563.842.90$13,648
Mar 201803,85361.222.79$10,738
Feb 201804,32961.782.77$11,975

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           309 bbl  × $106.41 =    $32,881
Gas                2,042 Mcf  × $  3.05 =     $6,220

────────────────────────────────────────────────────
Month total                                  $39,100

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/285859 is the state's own key, not one this site invented.