STEPHENSON

Operated by SHELBY OPERATING COMPANY (P-5 773678) in the WASKOM (COTTON VALLEY) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 131751District 06Field 953691602 tax incentive programmesCondensateGasSaveExport
Value, all time
$8.6 M
Jan 1993 – May 2026
Value, last 12 filed months
$47 k
at the published price for each month
Months reported
401
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 473 leases and 477 wells, and the rule below applies to all of them.

Discovered
1955-09-19
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 40 acres. The field rule took effect on 2012-11-06.

The Commission's schedule remark for this field reads: DESIGNATED AS UFT FIELD PER DOCKET 01-0299858

Severance-tax incentive filings

Applications the operator filed to have this lease's gas taxed at a reduced state rate. A filing is an application, and this page never calls one a reduction that was granted.

ProgrammeFilingsWith an approval dateDatedDocket
High Cost Gas111998-09-24139040
NGPA2none

This says nothing about a royalty. A severance tax is charged to the operator. Whether a reduced rate reaches a royalty owner depends on the wording of the lease instrument, which is a private contract this site does not hold.

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
CondensateDisposition31,756 bbl$842,807
GasProduction2,847,994 Mcf$7,790,115
Total$8,632,922

892,517 Mcf of this lease's gas, across 48 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 32.4924, -94.0781. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.49235, -94.07810 · 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
9,600 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 9,600 ft.

Completions filed
Jun 1997
1 of 1 wells

1 well

42-2033177119,600 ftJun 1997

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 (401)

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

401 months

May 202601,916106.413.05$5,836
Apr 202601,31598.932.87$3,774
Mar 2026090589.753.15$2,850
Feb 2026074763.503.75$2,801
Jan 202601,55059.138.00$12,397
Dec 202501,34156.664.41$5,918
Nov 2025075258.593.93$2,953
Oct 2025091559.383.30$3,024
Sep 2025083162.743.08$2,557
Aug 2025050663.933.01$1,525
Jul 2025049766.743.32$1,648
Jun 2025045966.483.13$1,436
May 2025084860.553.23$2,741
Apr 202501,04862.363.54$3,713
Mar 2025086267.704.27$3,679
Feb 2025097970.884.34$4,250
Jan 2025067574.324.28$2,888
Dec 2024066068.993.12$2,060
Nov 2024071269.052.20$1,565
Oct 2024076971.372.28$1,754
Sep 2024075369.612.36$1,780
Aug 2024087675.632.06$1,808
Jul 2024082479.932.15$1,769
Jun 2024069578.082.63$1,831
May 2024064778.812.20$1,422
Apr 2024078584.451.66$1,302
Mar 202401,13280.301.55$1,749
Feb 202401,00976.091.78$1,800
Jan 202401,35173.023.30$4,455
Dec 2023091371.262.61$2,384
Nov 2023062177.892.81$1,743
Oct 2023068885.443.09$2,124
Sep 2023069789.042.74$1,906
Aug 2023075380.522.67$2,013
Jul 2023079674.852.64$2,103
Jun 2023080168.962.26$1,809
May 2023087970.622.23$1,958
Apr 2023091878.122.24$2,054
Mar 202301,03272.852.39$2,470
Feb 202301,28675.112.47$3,171
Jan 202301,21576.533.39$4,116
Dec 202201,10876.415.73$6,348
Nov 2022030485.005.65$1,716
Oct 202204787.185.86$276
Sep 2022020084.888.16$1,633
Aug 2022021594.529.13$1,962
Jul 20220206101.587.54$1,554
Jun 20220385115.097.98$3,071
May 20220291109.378.43$2,454
Apr 20220120104.226.84$821
Mar 20220203108.885.08$1,031
Feb 2022019491.054.86$943
Jan 2022057481.844.54$2,605
Dec 2021058471.323.90$2,277
Nov 2021056877.435.24$2,975
Oct 2021058379.795.71$3,331
Sep 2021068469.865.35$3,660
Aug 202116364766.024.22$13,492
Jul 2021072570.783.98$2,887
Jun 2021069969.493.38$2,363
May 202101,70163.483.02$5,133
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 202004837.091.99$96
Aug 202006439.982.39$153
Jul 202007738.371.83$141
Jun 202001734.901.69$29
May 2020049516.921.81$898
Apr 202001,14314.751.80$2,062
Mar 202001,02930.341.86$1,910
Feb 2020080149.881.98$1,587
Jan 2020075757.252.09$1,586
Dec 2019083759.012.30$1,929
Nov 2019062155.302.75$1,708
Oct 2019062853.472.42$1,519
Sep 201901,24155.052.66$3,298
Aug 201903,64853.112.30$8,406
Jul 201903,67656.272.46$9,043
Jun 201903,73252.782.49$9,297
May 201905,09858.482.74$13,970
Apr 20191704,86962.632.75$24,040
Mar 201905,02156.803.06$15,375
Feb 201904,70950.852.79$13,149
Jan 20191815,19046.033.23$25,086
Dec 201804,98046.594.19$20,843
Nov 201805,10652.934.24$21,635
Oct 20181704,98261.443.40$27,374
Sep 201801,94259.543.11$6,036
Aug 2018061759.403.07$1,892
Jul 2018050865.142.93$1,489
Jun 201802,47260.183.08$7,606
May 201802,50565.382.90$7,267
Apr 201802,34263.842.90$6,794
Mar 201802,41861.222.79$6,739
Feb 201802,13061.782.77$5,892
Jan 201802,25162.874.01$9,025
Dec 201702,02557.272.92$5,916
Nov 20171102,05755.423.12$12,511
Oct 201701,63049.292.98$4,863
Sep 2017081947.523.09$2,528
Aug 201702,69745.373.00$8,103
Jul 201702,90843.873.09$8,978
Jun 201702,81942.493.09$8,703
May 201702,77545.373.26$9,056
Apr 20171672,51747.933.21$16,088
Mar 201702,43446.772.98$7,262
Feb 201702,02250.452.95$5,970
Jan 201702,27449.413.42$7,774
Dec 201601,81148.763.72$6,742
Nov 201601,50642.492.64$3,982
Oct 201601,71446.193.09$5,297
Sep 201601,74641.553.10$5,414
Aug 201601,29141.442.92$3,775
Jul 201602,01641.622.92$5,895
Jun 201602,04445.352.69$5,490
May 201602,32842.521.99$4,635
Apr 201602,25936.561.99$4,498
Mar 201602,02833.011.79$3,638
Feb 201601,70426.472.06$3,516
Jan 201602,28827.352.36$5,410
Dec 201501,92132.362.00$3,845
Nov 201502,26238.792.17$4,903
Oct 201501,99043.552.43$4,829
Sep 201502,33442.992.76$6,438
Aug 20151552,61240.162.87$13,728
Jul 201502,85048.152.95$8,393
Jun 201502,80956.152.88$8,098
May 201503,08255.212.96$9,109
Apr 201503,29949.822.71$8,929
Mar 201503,52742.892.93$10,351
Feb 20151783,24044.662.98$17,592
Jan 201504,05843.433.10$12,582
Dec 201403,38354.693.59$12,150
Nov 201403,61670.464.25$15,375
Oct 201403,88078.303.90$15,136
Sep 201403,78386.164.05$15,304
Aug 201404,76289.394.04$19,215
Jul 201404,59096.564.18$19,184
Jun 201405,38098.164.74$25,484
May 201406,62694.734.73$31,318
Apr 201405,79795.944.81$27,878
Mar 201401,50695.895.06$7,616
Feb 201405,23097.406.19$32,384
Jan 20141714,76290.404.86$38,605
Dec 201305,02091.824.35$21,859
Nov 201304,89388.853.74$18,291
Oct 201304,77197.423.78$18,031
Sep 201304,582104.113.72$17,035
Aug 20131724,718104.253.52$34,551
Jul 201304,724102.523.72$17,563
Jun 201304,66294.403.93$18,338
May 201304,80194.834.15$19,920
Apr 20131724,81193.964.28$36,765
Mar 201304,55193.623.91$17,807
Feb 201304,65991.233.42$15,933
Jan 201304,34691.603.42$14,863
Dec 201205,02886.773.42$17,197
Nov 20121825,30086.953.62$35,037
Oct 201205,88489.383.40$20,004
Sep 201205,66694.672.92$16,536
Aug 201205,95092.662.91$17,304
Jul 201205,94685.133.02$17,962
Jun 201205,65779.822.52$14,250
May 20121485,86791.612.49$28,157
Apr 201205,860101.652.00$11,701
Mar 201206,056105.052.22$13,457
Feb 20121805,742101.102.57$32,956
Jan 201206,07598.092.73$16,610
Dec 201105,95996.873.24$19,306
Nov 201105,72495.723.31$18,954
Oct 201105,63684.983.65$20,563
Sep 20111505,72083.623.99$35,342
Aug 201106,35783.404.15$26,377
Jul 201105,79294.144.52$26,164
Jun 201103,35592.904.64$15,567
May 201105,88198.134.40$25,905
Apr 20111725,439105.964.33$41,794
Mar 201104,94996.364.06$20,080
Feb 201104,11285.644.18$17,188
Jan 201104,05086.504.59$18,585
Dec 201003,52685.734.35$15,330
Nov 20101563,92480.843.80$27,504
Oct 201004,08778.103.51$14,341
Sep 201003,76872.633.98$14,995
Aug 201001,26673.684.42$5,595
Jul 201001,46372.554.74$6,929
Jun 201002,90270.364.91$14,250
May 201004,44671.124.24$18,830
Apr 201002,66981.694.12$11,003
Mar 201002,77478.394.39$12,174
Feb 201003,67473.585.44$19,995
Jan 20101813,62574.365.96$35,079
Dec 200903,01671.445.48$16,539
Nov 200903,25974.593.75$12,226
Oct 200903,60072.544.11$14,797
Sep 200903,58765.543.06$10,993
Aug 200904,79367.423.22$15,426
Jul 200905,30061.133.46$18,362
Jun 200905,04566.163.90$19,650
May 20091815,28454.743.93$30,652
Apr 200904,54646.773.59$16,309
Mar 200904,59342.144.06$18,643
Feb 200904,71432.814.63$21,840
Jan 200905,11535.865.37$27,473
Dec 20081804,92837.105.98$36,133
Nov 200802,91355.496.86$19,984
Oct 200804,24775.246.92$29,398
Sep 200804,567101.767.88$35,975
Aug 200804,401114.228.48$37,334
Jul 200803,701131.0811.39$42,152
Jun 200804,848131.3313.03$63,182
May 200804,136123.1711.57$47,871
Apr 200803,388110.3110.45$35,421
Mar 200804,084101.909.66$39,468
Feb 20081774,41192.538.77$55,065
Jan 200804,84790.388.21$39,773
Dec 200705,52988.337.30$40,373
Nov 200705,56191.677.29$40,549
Oct 20071745,83882.856.92$54,826
Sep 200705,69675.846.24$35,567
Aug 200706,39269.066.39$40,832
Jul 200706,24070.906.39$39,861
Jun 200705,88462.007.55$44,415
May 200706,34658.747.85$49,792
Apr 20071746,20459.617.81$58,796
Mar 200706,48456.927.30$47,346
Feb 20071735,76055.108.22$56,856
Jan 20071736,81650.306.73$54,552
Dec 200606,78356.656.92$46,928
Nov 200606,82754.207.62$52,005
Oct 200607,22054.906.01$43,420
Sep 20061637,07260.085.04$45,416
Aug 200607,48468.717.34$54,932
Jul 200607,79969.376.34$49,467
Jun 200607,47966.286.38$47,745
May 200608,09366.016.42$51,998
Apr 20061728,00164.397.36$69,966
Mar 200608,20656.707.08$58,122
Feb 200607,36157.597.75$57,056
Jan 20061827,95160.598.93$82,056
Dec 200507,71254.9413.42$103,460
Nov 200507,16354.6910.59$75,845
Oct 200503,98358.3413.80$54,949
Sep 200502,15561.4512.08$26,030
Aug 200502,50561.519.80$24,541
Jul 200502,66855.697.84$20,927
Jun 200502,68752.337.38$19,833
May 20051642,83845.226.65$26,292
Apr 200502,93549.207.36$21,603
Mar 200503,09650.377.15$22,152
Feb 200502,87645.226.31$18,153
Jan 200503,23243.166.32$20,433
Dec 200403,26239.866.75$22,022
Nov 200404,95145.286.33$31,342
Oct 200401,72949.706.52$11,265
Sep 200417830243.245.28$9,292
Aug 20041804,77442.375.55$34,125
Jul 20041804,97738.286.08$37,171
Jun 200404,72136.106.43$30,370
May 200404,83737.486.49$31,414
Apr 200404,41134.475.86$25,842
Mar 200404,67234.365.53$25,837
Feb 200404,81132.455.51$26,507
Jan 20041795,71432.036.30$41,730
Dec 200305,86630.266.30$36,965
Nov 200305,51028.804.60$25,319
Oct 200305,92028.174.76$28,177
Sep 20031766,09226.314.75$33,564
Aug 200306,50929.765.13$33,389
Jul 200306,83229.415.17$35,327
Jun 200306,71228.565.98$40,158
May 20031796,86126.595.97$45,738
Apr 200306,56926.675.41$35,520
Mar 200306,32431.146.10$38,551
Feb 20031615,57533.487.93$49,577
Jan 20031616,85230.315.58$43,128
Dec 200207,00026.914.85$33,976
Nov 20021807,32324.664.14$34,734
Oct 200207,90526.464.23$33,431
Sep 200207,98527.443.64$29,027
Aug 20021788,63625.963.16$31,947
Jul 200208,82324.583.06$27,014
Jun 200208,92023.733.34$29,777
May 20021809,46824.663.58$38,372
Apr 200209,38523.653.51$32,963
Mar 20021869,79522.003.10$34,483
Feb 200208,72518.222.38$20,728
Jan 20021859,53817.172.38$25,836
Dec 2001010,31816.932.36$24,396
Nov 200118310,47818.072.41$28,512
Oct 2001011,17119.782.53$28,250
Sep 200118110,96924.262.25$29,086
Aug 2001011,56124.873.05$35,298
Jul 200117911,87623.933.20$42,252
Jun 200118111,71424.563.82$49,242
May 200118112,32525.524.31$57,707
Apr 200117312,14024.685.34$69,040
Mar 200118212,81224.545.38$73,349
Feb 2001011,88627.755.77$68,548
Jan 200118413,28627.478.40$116,640
Dec 20001866,76326.889.12$66,695
Nov 200018013,22932.215.66$80,647
Oct 200018314,86631.235.15$82,208
Sep 2000013,86631.875.19$71,916
Aug 200017515,05829.644.54$73,562
Jul 200018115,56928.534.09$68,837
Jun 2000014,73229.304.40$64,780
May 200018115,42927.263.68$61,709
Apr 2000014,86524.513.12$46,319
Mar 200018315,67928.422.86$50,039
Feb 200036213,84027.622.73$47,733
Jan 2000015,31825.272.48$37,996
Dec 199918715,74924.282.42$42,712
Nov 199918215,60623.192.43$42,205
Oct 1999016,63120.982.80$46,629
Sep 199918115,96521.752.62$45,747
Aug 199918116,93819.262.88$52,193
Jul 1999016,34417.892.37$38,774
Jun 199918116,81815.942.36$42,611
May 1999016,76015.792.32$38,900
Apr 199918216,10715.102.21$38,313
Mar 199918416,38412.471.84$32,414
Feb 1999014,4869.981.82$26,333
Jan 199918417,36610.381.90$34,904
Dec 199837016,6119.201.77$32,861
Nov 199818417,31610.892.19$39,852
Oct 1998018,50312.421.97$36,436
Sep 199818117,58912.592.08$38,910
Aug 199818119,36011.301.91$38,972
Jul 1998020,39611.742.24$45,631
Jun 199818518,90511.242.24$44,375
May 199818120,34812.622.21$47,179
Apr 199817519,95113.042.51$52,266
Mar 199818920,88812.802.31$50,659
Feb 199818620,14113.952.30$48,901
Jan 199818518,50214.702.15$42,587
Dec 199718517,33516.322.41$44,816
Nov 1997017,73318.193.09$54,764
Oct 199718319,91819.253.15$66,261
Sep 199717922,10017.742.95$68,478
Aug 199717826,05617.862.55$69,745
Jul 199716036,15717.582.25$84,055
Jun 199706,30417.242.26$14,229
May 19971809,87418.972.31$26,209
Apr 19971838,65617.882.08$21,301
Mar 19971879,36118.951.94$21,696
Feb 199718510,47320.492.21$26,893
Jan 199718812,98323.483.54$50,370
Dec 199620112,85023.32$4,687
Nov 19961824,78721.97$3,999
Oct 199618312,67423.31$4,266
Sep 199618111,41622.22$4,022
Aug 1996011,85520.26$0
Jul 199618012,98519.55$3,519
Jun 199618212,59218.73$3,409
May 199636212,80919.43$7,034
Apr 199618312,00221.51$3,936
Mar 199618513,60419.38$3,585
Feb 199618227,66216.98$3,090
Jan 199618229,18217.07$3,107
Dec 199535615,46017.19$6,120
Nov 199518513,25716.00$2,960
Oct 199518214,04715.43$2,808
Sep 199517514,96816.18$2,832
Aug 199535814,66715.92$5,699
Jul 199517815,21215.24$2,713
Jun 199518014,39816.41$2,954
May 199518119,09217.56$3,178
Apr 199536114,50817.73$6,401
Mar 199536415,35316.44$5,984
Feb 199518514,53516.58$3,067
Jan 199537316,63515.92$5,938
Dec 199436918,33715.03$5,546
Nov 199455023,08115.90$8,745
Oct 199418211,24715.58$2,836
Sep 1994021115.29$0
Aug 199418016,24916.13$2,903
Jul 199436117,80317.56$6,339
Jun 199418016,26617.09$3,076
May 199418119,69715.88$2,874
Apr 199436219,88414.14$5,119
Mar 199435821,16612.46$4,461
Feb 199418322,01412.50$2,288
Jan 199436317,78512.66$4,596
Dec 199343620,18112.33$5,376
Nov 199355118,16714.49$7,984
Oct 199354621,14115.85$8,654
Sep 199335621,49515.03$5,351
Aug 199354123,99215.66$8,472
Jul 199370427,28815.46$10,884
Jun 199372530,94416.79$12,173
May 199372239,83217.68$12,765
Apr 19931,23852,51418.05$22,346
Mar 19931,09738,91718.14$19,900
Feb 199318117,05717.90$3,240
Jan 199355320,69916.93$9,362

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                1,916 Mcf  × $  3.05 =     $5,836

────────────────────────────────────────────────────
Month total                                   $5,836

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. 06/G/131751 is the state's own key, not one this site invented.