SHEPPARD, B. ET AL

Operated by EQV OPERATING LLC (P-5 101634) in the OAK HILL (COTTON VALLEY) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 140401District 06Field 664612752 tax incentive programmesCondensateGasSaveExport
Value, all time
$5.9 M
Jan 1993 – May 2026
Value, last 12 filed months
$49 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 2,275 leases and 2,276 wells, and the rule below applies to all of them.

Discovered
1976-11-17
as the register files it
Field class
Oil and gas
the register's own label
Between wells
1,200 ft
minimum
From a lease line
330 ft
minimum

A drilling unit in this field needs at least 20 acres. The field rule took effect on 2018-03-20.

The Commission's schedule remark for this field reads: FIELD. EFFECTIVE 4/12/16.

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 Gas111992-05-26125369
NGPA1none

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
CondensateDisposition6,834 bbl$213,507
GasProduction2,379,092 Mcf$5,661,921
Total$5,875,428

981,675 Mcf of this lease's gas, across 45 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 32.3691, -94.5001. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.36910, -94.50013 · 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
10,325 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 10,325 ft.

Completions filed
Dec 1991
1 of 1 wells

1 well

42-40132355610,325 ftDec 1991

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 202601,144106.413.05$3,484
Apr 202601,16698.932.87$3,346
Mar 2026059889.753.15$1,883
Feb 20260063.503.75$0
Jan 202601,17859.138.00$9,422
Dec 202501,17956.664.41$5,203
Nov 202501,27558.593.93$5,006
Oct 202501,37359.383.30$4,538
Sep 202501,10062.743.08$3,385
Aug 202501,48963.933.01$4,489
Jul 202501,19966.743.32$3,975
Jun 202501,33266.483.13$4,167
May 202501,36060.553.23$4,396
Apr 202501,52962.363.54$5,417
Mar 2025095067.704.27$4,055
Feb 202501,18870.884.34$5,157
Jan 202501,30874.324.28$5,597
Dec 202401,38668.993.12$4,326
Nov 202401,12469.052.20$2,471
Oct 202401,35971.372.28$3,100
Sep 202401,34069.612.36$3,168
Aug 202401,39175.632.06$2,871
Jul 202401,43579.932.15$3,080
Jun 202401,37278.082.63$3,614
May 202401,37278.812.20$3,016
Apr 202401,38984.451.66$2,305
Mar 202401,45280.301.55$2,244
Feb 202401,35476.091.78$2,415
Jan 202401,84673.023.30$6,087
Dec 202301,54171.262.61$4,023
Nov 202301,80277.892.81$5,059
Oct 202301,68285.443.09$5,193
Sep 202301,62589.042.74$4,444
Aug 202301,67980.522.67$4,488
Jul 202301,68174.852.64$4,441
Jun 202301,52468.962.26$3,442
May 202301,63470.622.23$3,640
Apr 202301,67278.122.24$3,742
Mar 202302,04072.852.39$4,882
Feb 202301,59575.112.47$3,933
Jan 202301,37176.533.39$4,645
Dec 202201,43276.415.73$8,204
Nov 2022501,56185.005.65$13,064
Oct 202201,72587.185.86$10,115
Sep 202201,83484.888.16$14,972
Aug 202202,22394.529.13$20,290
Jul 2022811,904101.587.54$22,588
Jun 202201,586115.097.98$12,652
May 202201,676109.378.43$14,134
Apr 202201,662104.226.84$11,364
Mar 202201,823108.885.08$9,254
Feb 202201,86691.054.86$9,067
Jan 202201,93581.844.54$8,780
Dec 202101,95971.323.90$7,638
Nov 202101,71177.435.24$8,960
Oct 20211481,79079.795.71$22,037
Sep 202101,65769.865.35$8,866
Aug 202101,83066.024.22$7,724
Jul 202102,20670.783.98$8,784
Jun 202102,11969.493.38$7,164
May 202102,17363.483.02$6,557
Apr 202101,69460.362.76$4,673
Mar 202102,05361.302.72$5,578
Feb 202101,30157.805.55$7,218
Jan 202101,37350.412.81$3,859
Dec 202001,66244.642.68$4,447
Nov 202001,68038.772.71$4,547
Oct 202001,78136.972.48$4,414
Sep 202001,73937.091.99$3,462
Aug 202001,66539.982.39$3,971
Jul 202001,63438.371.83$2,982
Jun 202002,14434.901.69$3,624
May 202001,65816.921.81$3,009
Apr 202001,49614.751.80$2,699
Mar 202001,53230.341.86$2,844
Feb 202001,39549.881.98$2,763
Jan 202001,48657.252.09$3,113
Dec 2019351,58259.012.30$5,711
Nov 201901,66955.302.75$4,591
Oct 201901,69453.472.42$4,097
Sep 201901,67755.052.66$4,456
Aug 201901,81353.112.30$4,178
Jul 201901,60656.272.46$3,951
Jun 201901,58252.782.49$3,941
May 201901,74958.482.74$4,793
Apr 201901,95362.632.75$5,372
Mar 201902,04356.803.06$6,256
Feb 201902,06250.852.79$5,758
Jan 201901,98946.033.23$6,421
Dec 201801,57146.594.19$6,575
Nov 201802,09452.934.24$8,873
Oct 201802,35261.443.40$7,992
Sep 201802,20459.543.11$6,850
Aug 201801,92559.403.07$5,903
Jul 201801,39165.142.93$4,078
Jun 201801,63060.183.08$5,015
May 201801,80065.382.90$5,221
Apr 201802,10763.842.90$6,112
Mar 201802,14161.222.79$5,967
Feb 201801,80861.782.77$5,001
Jan 201802,07262.874.01$8,307
Dec 201702,04557.272.92$5,975
Nov 201701,96855.423.12$6,137
Oct 201702,04149.292.98$6,090
Sep 201701,96747.523.09$6,073
Aug 201701,97645.373.00$5,937
Jul 201702,09843.873.09$6,477
Jun 201702,06342.493.09$6,369
May 201702,07345.373.26$6,765
Apr 201701,86847.933.21$5,999
Mar 201702,10546.772.98$6,281
Feb 201701,59450.452.95$4,706
Jan 201701,75749.413.42$6,007
Dec 201601,82148.763.72$6,779
Nov 20161211,88342.492.64$10,121
Oct 201611,94146.193.09$6,044
Sep 201601,79041.553.10$5,550
Aug 201602,11041.442.92$6,170
Jul 201602,16141.622.92$6,320
Jun 201601,99445.352.69$5,356
May 201602,16142.521.99$4,303
Apr 201602,11636.561.99$4,213
Mar 201602,23633.011.79$4,011
Feb 201601,87826.472.06$3,876
Jan 201601,98227.352.36$4,686
Dec 201501,98932.362.00$3,981
Nov 201501,89138.792.17$4,098
Oct 201501,97343.552.43$4,788
Sep 201501,96342.992.76$5,415
Aug 201502,15540.162.87$6,190
Jul 201512,18348.152.95$6,477
Jun 201501,85056.152.88$5,333
May 201501,60255.212.96$4,735
Apr 201501,93149.822.71$5,226
Mar 201501,97642.892.93$5,799
Feb 201502,01244.662.98$5,988
Jan 201502,38243.433.10$7,386
Dec 201402,15254.693.59$7,729
Nov 201402,02070.464.25$8,589
Oct 201402,09578.303.90$8,173
Sep 201402,14386.164.05$8,669
Aug 201402,23589.394.04$9,018
Jul 201402,34196.564.18$9,784
Jun 201402,28498.164.74$10,819
May 201402,40594.734.73$11,367
Apr 201401,93295.944.81$9,291
Mar 201402,06495.895.06$10,437
Feb 201401,94997.406.19$12,068
Jan 201402,44890.404.86$11,899
Dec 201302,34991.824.35$10,229
Nov 20131452,48688.853.74$22,177
Oct 201302,51497.423.78$9,501
Sep 201302,402104.113.72$8,930
Aug 201302,344104.253.52$8,257
Jul 201302,398102.523.72$8,915
Jun 201302,46994.403.93$9,712
May 201302,72894.834.15$11,319
Apr 201302,66793.964.28$11,422
Mar 201302,83593.623.91$11,093
Feb 201302,48491.233.42$8,495
Jan 201302,83491.603.42$9,692
Dec 201203,09386.773.42$10,579
Nov 201202,75786.953.62$9,994
Oct 201202,62689.383.40$8,928
Sep 20121432,89294.672.92$21,978
Aug 201202,99092.662.91$8,695
Jul 201202,86085.133.02$8,639
Jun 201202,50679.822.52$6,313
May 201202,63991.612.49$6,567
Apr 201202,591101.652.00$5,174
Mar 201202,615105.052.22$5,811
Feb 201202,504101.102.57$6,436
Jan 201202,61198.092.73$7,139
Dec 201102,78996.873.24$9,036
Nov 201102,63295.723.31$8,715
Oct 201102,82584.983.65$10,307
Sep 201102,93283.623.99$11,686
Aug 201102,98083.404.15$12,365
Jul 201102,82794.144.52$12,770
Jun 201103,01592.904.64$13,989
May 201103,01298.134.40$13,267
Apr 201102,849105.964.33$12,346
Mar 201103,69296.364.06$14,980
Feb 201102,50685.644.18$10,475
Jan 201102,92286.504.59$13,408
Dec 201002,91485.734.35$12,669
Nov 201002,82080.843.80$10,703
Oct 201003,09778.103.51$10,867
Sep 201003,02672.633.98$12,042
Aug 201003,06973.684.42$13,563
Jul 201003,06372.554.74$14,508
Jun 201002,97270.364.91$14,594
May 201003,01871.124.24$12,782
Apr 201002,73081.694.12$11,255
Mar 201002,99678.394.39$13,148
Feb 201002,47873.585.44$13,486
Jan 201002,90474.365.96$17,320
Dec 200902,99971.445.48$16,446
Nov 20091543,21374.593.75$23,540
Oct 200903,56372.544.11$14,645
Sep 200903,17165.543.06$9,718
Aug 200903,42067.423.22$11,007
Jul 200902,81361.133.46$9,746
Jun 200903,30466.163.90$12,869
May 200903,35854.743.93$13,183
Apr 200903,38046.773.59$12,126
Mar 200903,46842.144.06$14,077
Feb 200903,59032.814.63$16,632
Jan 200903,37435.865.37$18,122
Dec 20081623,68237.105.98$28,018
Nov 200804,07355.496.86$27,942
Oct 200804,21675.246.92$29,183
Sep 200804,356101.767.88$34,313
Aug 200803,682114.228.48$31,234
Jul 200803,436131.0811.39$39,134
Jun 200803,447131.3313.03$44,923
May 200802,881123.1711.57$33,346
Apr 200802,779110.3110.45$29,054
Mar 200803,141101.909.66$30,355
Feb 200804,03692.538.77$35,398
Jan 20081443,48490.388.21$41,603
Dec 200704,41888.337.30$32,260
Nov 200703,90691.677.29$28,481
Oct 200703,58882.856.92$24,836
Sep 200703,54475.846.24$22,129
Aug 200703,74569.066.39$23,923
Jul 200703,57970.906.39$22,862
Jun 200703,53362.007.55$26,669
May 200703,10558.747.85$24,363
Apr 200703,51659.617.81$27,443
Mar 20071373,96956.927.30$36,780
Feb 200702,91055.108.22$23,909
Jan 200703,24450.306.73$21,822
Dec 200603,50356.656.92$24,235
Nov 200602,82254.207.62$21,497
Oct 2006095354.906.01$5,731
Sep 200601,95360.085.04$9,838
Aug 200603,15768.717.34$23,172
Jul 200603,23469.376.34$20,512
Jun 200603,40966.286.38$21,763
May 200602,97166.016.42$19,089
Apr 20061692,72664.397.36$30,947
Mar 200601,78356.707.08$12,629
Feb 200624,19357.597.75$32,616
Jan 200601,99560.598.93$17,822
Dec 200504,82554.9413.42$64,729
Nov 200502,34854.6910.59$24,862
Oct 200516,81058.3413.80$94,007
Sep 200505,21661.4512.08$63,004
Aug 200503,28261.519.80$32,153
Jul 200514,26955.697.84$33,540
Jun 20051604,48352.337.38$41,462
May 200505,04245.226.65$33,535
Apr 200504,94549.207.36$36,398
Mar 200504,42450.377.15$31,653
Feb 200504,27545.226.31$26,983
Jan 200505,93643.166.32$37,529
Dec 200405,48139.866.75$37,003
Nov 200406,69045.286.33$42,351
Oct 200409,09249.706.52$59,235
Sep 20040043.245.28$0
Aug 20040042.375.55$0
Jul 200415135938.286.08$7,965
Jun 2004030036.106.43$1,930
May 200401,95037.486.49$12,664
Apr 200404,43734.475.86$25,994
Mar 200403,91134.365.53$21,628
Feb 200405,49432.455.51$30,270
Jan 20041643,13432.036.30$24,996
Dec 200304,46530.266.30$28,137
Nov 200305,25328.804.60$24,138
Oct 200305,13028.174.76$24,417
Sep 200303,52626.314.75$16,746
Aug 200304,66029.765.13$23,905
Jul 200305,15229.415.17$26,640
Jun 200305,11528.565.98$30,603
May 200305,32826.595.97$31,822
Apr 200305,03526.675.41$27,226
Mar 200305,17131.146.10$31,523
Feb 200304,91533.487.93$38,956
Jan 200306,11230.315.58$34,117
Dec 200205,89826.914.85$28,627
Nov 200206,57224.664.14$27,188
Oct 200204,10726.464.23$17,369
Sep 20021355,12327.443.64$22,328
Aug 200206,12425.963.16$19,377
Jul 200206,52224.583.06$19,969
Jun 200206,19323.733.34$20,674
May 200206,55824.663.58$23,504
Apr 200206,16523.653.51$21,653
Mar 200206,11322.003.10$18,967
Feb 200206,71618.222.38$15,955
Jan 200208,19517.172.38$19,469
Dec 20011717,64416.932.36$20,969
Nov 200106,45018.072.41$15,516
Oct 200107,44919.782.53$18,838
Sep 200108,09724.262.25$18,229
Aug 200108,06624.873.05$24,627
Jul 200106,88323.933.20$22,006
Jun 200106,99224.563.82$26,739
May 200106,62825.524.31$28,549
Apr 20011787,13224.685.34$42,445
Mar 200107,81024.545.38$41,990
Feb 200107,25927.755.77$41,863
Jan 200109,15627.478.40$76,899
Dec 200008,20526.889.12$74,850
Nov 200007,95332.215.66$44,998
Oct 200008,62531.235.15$44,380
Sep 20001739,51431.875.19$54,858
Aug 200009,08329.644.54$41,244
Jul 200009,64028.534.09$39,425
Jun 200009,21329.304.40$40,512
May 200009,36327.263.68$34,454
Apr 200007,72324.513.12$24,065
Mar 200008,59328.422.86$24,574
Feb 200008,56227.622.73$23,344
Jan 200008,46225.272.48$20,990
Dec 19991829,15124.282.42$26,598
Nov 199908,82823.192.43$21,487
Oct 199909,64520.982.80$27,042
Sep 199909,67621.752.62$25,340
Aug 199909,46519.262.88$27,218
Jul 199909,47217.892.37$22,471
Jun 199909,63215.942.36$22,752
May 199909,51315.792.32$22,080
Apr 199908,86915.102.21$19,583
Mar 19991798,64012.471.84$18,115
Feb 199907,8879.981.82$14,337
Jan 199909,73910.381.90$18,504
Dec 199809,1999.201.77$16,313
Nov 199809,53510.892.19$20,841
Oct 1998010,82912.421.97$21,325
Sep 199817911,18912.592.08$25,556
Aug 1998011,18011.301.91$21,324
Jul 1998011,12211.742.24$24,883
Jun 1998011,11411.242.24$24,865
May 1998011,88612.622.21$26,225
Apr 1998011,80613.042.51$29,578
Mar 1998012,51612.802.31$28,905
Feb 199817211,44713.952.30$28,718
Jan 1998012,05614.702.15$25,978
Dec 1997013,04616.322.41$31,455
Nov 1997012,19618.193.09$37,664
Oct 1997013,35519.253.15$42,066
Sep 199718813,23617.742.95$42,446
Aug 1997013,97117.862.55$35,692
Jul 1997014,78217.582.25$33,214
Jun 1997014,22017.242.26$32,097
May 1997015,43518.972.31$35,632
Apr 1997015,57417.882.08$32,437
Mar 1997016,04618.951.94$31,115
Feb 199718315,25420.492.21$37,398
Jan 1997017,55323.483.54$62,132
Dec 1996017,70123.32$0
Nov 1996019,89421.97$0
Oct 1996016,24723.31$0
Sep 199617819,68122.22$3,955
Aug 1996020,02120.26$0
Jul 1996020,78719.55$0
Jun 199617625,38818.73$3,296
May 1996426,23919.43$78
Apr 1996020,31321.51$0
Mar 199617516,10819.38$3,392
Feb 1996011,37316.98$0
Jan 1996010,70617.07$0
Dec 1995013,06317.19$0
Nov 199518214,32516.00$2,912
Oct 1995014,59115.43$0
Sep 1995017,84316.18$0
Aug 199518018,81515.92$2,866
Jul 1995017,90415.24$0
Jun 199517518,65216.41$2,872
May 1995019,32917.56$0
Apr 199517919,23417.73$3,174
Mar 1995130,06916.44$16
Feb 19950016.58$0
Jan 1995010,29715.92$0
Dec 199418033,00215.03$2,705
Nov 1994016,03115.90$0
Oct 19940015.58$0
Sep 19940015.29$0
Aug 1994034916.13$0
Jul 199417520,26817.56$3,073
Jun 1994011,82717.09$0
May 1994120,23715.88$16
Apr 199411819,61614.14$1,669
Mar 199417421,80512.46$2,168
Feb 1994218,41212.50$25
Jan 1994220,65812.66$25
Dec 199317822,54912.33$2,195
Nov 1993025,99314.49$0
Oct 199317527,60315.85$2,774
Sep 1993126,77215.03$15
Aug 199317130,83415.66$2,678
Jul 199317134,68515.46$2,644
Jun 1993034,67416.79$0
May 199317337,17917.68$3,059
Apr 199317441,45918.05$3,141
Mar 1993043,09018.14$0
Feb 1993015,62417.90$0
Jan 199317940,42816.93$3,030

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                1,144 Mcf  × $  3.05 =     $3,484

────────────────────────────────────────────────────
Month total                                   $3,484

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/140401 is the state's own key, not one this site invented.