SHEPPARD, BAILEY ET AL

Operated by TGNR EAST TEXAS LLC (P-5 850990) 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 150261District 06Field 664612752 tax incentive programmesGasSaveExport
Value, all time
$2.6 M
May 1994 – May 2026
Value, last 12 filed months
$56 k
at the published price for each month
Months reported
385
no gaps in the span
Streams
1
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 Gas111994-09-12130503
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
GasProduction966,058 Mcf$2,608,777
Total$2,608,777

321,768 Mcf of this lease's gas, across 32 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 32.3976, -94.5393. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.39758, -94.53929 · 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
10,461 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 10,461 ft.

Completions filed
May 1994
1 of 1 wells

1 well

42-401325171410,461 ftMay 1994

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 (385)

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

385 months

May 20261,985106.413.05$6,046
Apr 20261,81898.932.87$5,217
Mar 20261,24989.753.15$3,934
Feb 202663263.503.75$2,370
Jan 20261,49059.138.00$11,917
Dec 20251,31856.664.41$5,817
Nov 202590158.593.93$3,538
Oct 202585359.383.30$2,819
Sep 20251,02962.743.08$3,166
Aug 20251,38963.933.01$4,188
Jul 20251,51066.743.32$5,006
Jun 202577366.483.13$2,419
May 20251,48860.553.23$4,810
Apr 202591362.363.54$3,235
Mar 20251,27967.704.27$5,459
Feb 202588370.884.34$3,833
Jan 20251,64174.324.28$7,021
Dec 202475168.993.12$2,344
Nov 202458369.052.20$1,282
Oct 202474071.372.28$1,688
Sep 20241,60069.612.36$3,783
Aug 20241,30175.632.06$2,685
Jul 20241,25779.932.15$2,698
Jun 20242,53778.082.63$6,682
May 202453278.812.20$1,170
Apr 202423884.451.66$395
Mar 202430580.301.55$471
Feb 202427976.091.78$498
Jan 202430073.023.30$989
Dec 202330671.262.61$799
Nov 202336077.892.81$1,011
Oct 202351685.443.09$1,593
Sep 202372389.042.74$1,977
Aug 202333580.522.67$895
Jul 2023074.852.64$0
Jun 2023068.962.26$0
May 2023070.622.23$0
Apr 2023078.122.24$0
Mar 2023072.852.39$0
Feb 2023075.112.47$0
Jan 20232376.533.39$78
Dec 202222076.415.73$1,260
Nov 202221285.005.65$1,197
Oct 202219787.185.86$1,155
Sep 202224384.888.16$1,984
Aug 202220794.529.13$1,889
Jul 2022211101.587.54$1,591
Jun 2022302115.097.98$2,409
May 2022315109.378.43$2,656
Apr 2022299104.226.84$2,044
Mar 2022338108.885.08$1,716
Feb 202237291.054.86$1,807
Jan 20221,11381.844.54$5,050
Dec 202122571.323.90$877
Nov 202121477.435.24$1,121
Oct 202114079.795.71$800
Sep 20219169.865.35$487
Aug 202112666.024.22$532
Jul 202116570.783.98$657
Jun 202125369.493.38$855
May 202123263.483.02$700
Apr 202122060.362.76$607
Mar 202122261.302.72$603
Feb 202117857.805.55$988
Jan 202122950.412.81$644
Dec 202020844.642.68$557
Nov 202018538.772.71$501
Oct 202020936.972.48$518
Sep 202023337.091.99$464
Aug 202026639.982.39$634
Jul 202060638.371.83$1,106
Jun 202022234.901.69$375
May 202022016.921.81$399
Apr 202015214.751.80$274
Mar 202046830.341.86$869
Feb 202042549.881.98$842
Jan 202052457.252.09$1,098
Dec 201988959.012.30$2,049
Nov 20191,67255.302.75$4,599
Oct 2019753.472.42$17
Sep 20197155.052.66$189
Aug 20193053.112.30$69
Jul 201915856.272.46$389
Jun 201939852.782.49$992
May 201938058.482.74$1,041
Apr 201931162.632.75$855
Mar 201958356.803.06$1,785
Feb 20191,42850.852.79$3,987
Jan 201996646.033.23$3,118
Dec 201895146.594.19$3,980
Nov 20186,60252.934.24$27,974
Oct 20181,66961.443.40$5,671
Sep 201812859.543.11$398
Aug 201822059.403.07$675
Jul 201838365.142.93$1,123
Jun 201873460.183.08$2,258
May 201868365.382.90$1,981
Apr 201831263.842.90$905
Mar 201854161.222.79$1,508
Feb 201840361.782.77$1,115
Jan 201844762.874.01$1,792
Dec 201750757.272.92$1,481
Nov 201755355.423.12$1,724
Oct 201735249.292.98$1,050
Sep 201723047.523.09$710
Aug 201731445.373.00$943
Jul 201789443.873.09$2,760
Jun 201720442.493.09$630
May 201749145.373.26$1,602
Apr 201741947.933.21$1,346
Mar 201785246.772.98$2,542
Feb 201758550.452.95$1,727
Jan 201751649.413.42$1,764
Dec 201646648.763.72$1,735
Nov 20161242.492.64$32
Oct 2016346.193.09$9
Sep 201613141.553.10$406
Aug 201649841.442.92$1,456
Jul 201637941.622.92$1,108
Jun 20161,13945.352.69$3,059
May 201627042.521.99$538
Apr 20162,06636.561.99$4,113
Mar 20162,19333.011.79$3,934
Feb 20161,51826.472.06$3,133
Jan 20162,94227.352.36$6,956
Dec 20151,61232.362.00$3,226
Nov 20151,57738.792.17$3,418
Oct 20151,55643.552.43$3,776
Sep 20152,27042.992.76$6,262
Aug 201571240.162.87$2,045
Jul 2015048.152.95$0
Jun 2015056.152.88$0
May 20151,16555.212.96$3,443
Apr 201540649.822.71$1,099
Mar 201540942.892.93$1,200
Feb 201549844.662.98$1,482
Jan 20151,04543.433.10$3,240
Dec 2014354.693.59$11
Nov 201419470.464.25$825
Oct 201458178.303.90$2,266
Sep 201468186.164.05$2,755
Aug 201477689.394.04$3,131
Jul 201481296.564.18$3,394
Jun 201484798.164.74$4,012
May 201492794.734.73$4,382
Apr 20141,12795.944.81$5,420
Mar 20141,12895.895.06$5,704
Feb 20141,24897.406.19$7,728
Jan 20141,31490.404.86$6,387
Dec 20131,22791.824.35$5,343
Nov 20131,18288.853.74$4,419
Oct 20131,19597.423.78$4,516
Sep 20131,196104.113.72$4,446
Aug 20131,249104.253.52$4,400
Jul 20132,674102.523.72$9,941
Jun 20132,31394.403.93$9,098
May 20131,54594.834.15$6,410
Apr 20131,28093.964.28$5,482
Mar 20131,50193.623.91$5,873
Feb 20131,34591.233.42$4,600
Jan 20131,59791.603.42$5,462
Dec 20122,17886.773.42$7,449
Nov 20121,76486.953.62$6,394
Oct 20121,81389.383.40$6,164
Sep 20121,37394.672.92$4,007
Aug 20121,45692.662.91$4,234
Jul 20121,51885.133.02$4,586
Jun 20121,07579.822.52$2,708
May 20121,71391.612.49$4,262
Apr 20121,557101.652.00$3,109
Mar 20121,579105.052.22$3,509
Feb 20121,602101.102.57$4,118
Jan 20121,80598.092.73$4,935
Dec 20111,85496.873.24$6,006
Nov 20111,51995.723.31$5,030
Oct 20111,52984.983.65$5,579
Sep 20111,50983.623.99$6,015
Aug 20111,56683.404.15$6,498
Jul 20111,52394.144.52$6,880
Jun 20111,62392.904.64$7,531
May 20111,69698.134.40$7,471
Apr 20111,592105.964.33$6,899
Mar 20111,76196.364.06$7,145
Feb 20111,62585.644.18$6,792
Jan 20111,81386.504.59$8,319
Dec 20101,94985.734.35$8,474
Nov 20101,86380.843.80$7,071
Oct 20101,97578.103.51$6,930
Sep 20101,12672.633.98$4,481
Aug 20101,67773.684.42$7,411
Jul 20101,97972.554.74$9,374
Jun 20102,04670.364.91$10,047
May 20101,00871.124.24$4,269
Apr 201081081.694.12$3,339
Mar 201089578.394.39$3,928
Feb 201068273.585.44$3,712
Jan 201085074.365.96$5,069
Dec 200984271.445.48$4,617
Nov 200987074.593.75$3,264
Oct 200992172.544.11$3,786
Sep 200994865.543.06$2,905
Aug 20091,00767.423.22$3,241
Jul 20091,08861.133.46$3,769
Jun 20091,13566.163.90$4,421
May 20091,44154.743.93$5,657
Apr 20091,15546.773.59$4,144
Mar 20091,27942.144.06$5,191
Feb 20091,77732.814.63$8,233
Jan 20091,35835.865.37$7,294
Dec 20082,06637.105.98$12,349
Nov 20083,18455.496.86$21,843
Oct 20082,99875.246.92$20,752
Sep 2008928101.767.88$7,310
Aug 20081,077114.228.48$9,136
Jul 20081,085131.0811.39$12,358
Jun 20081,091131.3313.03$14,219
May 20081,101123.1711.57$12,743
Apr 20081,069110.3110.45$11,176
Mar 20081,154101.909.66$11,152
Feb 200898092.538.77$8,595
Jan 20081,06790.388.21$8,756
Dec 20071,12188.337.30$8,186
Nov 200790491.677.29$6,592
Oct 200748782.856.92$3,371
Sep 200769675.846.24$4,346
Aug 200775969.066.39$4,848
Jul 20071,13570.906.39$7,250
Jun 20071,62262.007.55$12,244
May 20071,82458.747.85$14,312
Apr 20071,41959.617.81$11,076
Mar 20071,77756.927.30$12,976
Feb 20071,64055.108.22$13,474
Jan 20071,37550.306.73$9,249
Dec 20062,26656.656.92$15,677
Nov 20061,57754.207.62$12,013
Oct 20062,68554.906.01$16,147
Sep 20062,68460.085.04$13,520
Aug 20061,44268.717.34$10,584
Jul 20061,34669.376.34$8,537
Jun 20061,28866.286.38$8,222
May 20061,55466.016.42$9,984
Apr 20061,98964.397.36$14,640
Mar 20062,03056.707.08$14,378
Feb 20062,14957.597.75$16,657
Jan 20062,45260.598.93$21,905
Dec 20052,09754.9413.42$28,132
Nov 20051,43354.6910.59$15,173
Oct 20052,40758.3413.80$33,206
Sep 20051,28561.4512.08$15,522
Aug 20051,53161.519.80$14,999
Jul 20053,94655.697.84$30,951
Jun 20052,01152.337.38$14,843
May 20052,31145.226.65$15,371
Apr 20051,89749.207.36$13,963
Mar 20051,04950.377.15$7,505
Feb 20051,17845.226.31$7,435
Jan 20051,53543.166.32$9,705
Dec 20041,97339.866.75$13,320
Nov 20041,89845.286.33$12,015
Oct 20042,04349.706.52$13,310
Sep 20041,89143.245.28$9,992
Aug 20042,70342.375.55$15,003
Jul 20042,63038.286.08$16,001
Jun 20042,66136.106.43$17,118
May 20042,74437.486.49$17,821
Apr 20042,94534.475.86$17,253
Mar 20042,10434.365.53$11,635
Feb 20041,98132.455.51$10,915
Jan 20042,93332.036.30$18,477
Dec 20032,65530.266.30$16,731
Nov 20032,75028.804.60$12,637
Oct 20032,92728.174.76$13,931
Sep 20032,86526.314.75$13,607
Aug 20033,20929.765.13$16,461
Jul 20033,33129.415.17$17,224
Jun 20033,21228.565.98$19,217
May 20033,40326.595.97$20,325
Apr 20033,54026.675.41$19,142
Mar 20034,19231.146.10$25,555
Feb 20031,92333.487.93$15,241
Jan 20032,87630.315.58$16,054
Dec 20023,33626.914.85$16,192
Nov 20023,19324.664.14$13,209
Oct 20023,25726.464.23$13,774
Sep 20023,26327.443.64$11,862
Aug 20022,83625.963.16$8,974
Jul 20023,19224.583.06$9,773
Jun 20023,60923.733.34$12,048
May 20023,65224.663.58$13,089
Apr 20023,62723.653.51$12,739
Mar 20023,87422.003.10$12,020
Feb 20023,35018.222.38$7,959
Jan 20023,44517.172.38$8,184
Dec 20013,64316.932.36$8,614
Nov 20012,48018.072.41$5,966
Oct 20013,33519.782.53$8,434
Sep 20012,78124.262.25$6,261
Aug 20013,75424.873.05$11,462
Jul 20013,07223.933.20$9,821
Jun 20013,95824.563.82$15,136
May 20012,93225.524.31$12,629
Apr 20012,75524.685.34$14,699
Mar 20011,83324.545.38$9,855
Feb 20013,17627.755.77$18,316
Jan 20013,68227.478.40$30,924
Dec 20003,78426.889.12$34,520
Nov 20003,59732.215.66$20,352
Oct 20002,99931.235.15$15,431
Sep 20002,99531.875.19$15,534
Aug 20002,02029.644.54$9,172
Jul 20003,52028.534.09$14,396
Jun 20003,92329.304.40$17,250
May 20004,04127.263.68$14,870
Apr 20004,26424.513.12$13,287
Mar 20004,88928.422.86$13,981
Feb 20003,79227.622.73$10,339
Jan 20003,67925.272.48$9,126
Dec 19994,37724.282.42$10,609
Nov 19994,37623.192.43$10,651
Oct 19994,57120.982.80$12,816
Sep 19994,29221.752.62$11,240
Aug 19994,72819.262.88$13,596
Jul 19994,98817.892.37$11,833
Jun 19994,68815.942.36$11,074
May 19995,18315.792.32$12,030
Apr 19994,12015.102.21$9,097
Mar 19995,08512.471.84$9,348
Feb 19994,7979.981.82$8,720
Jan 19995,35910.381.90$10,182
Dec 19984,9839.201.77$8,836
Nov 19985,43010.892.19$11,868
Oct 19984,06812.421.97$8,011
Sep 19984,78112.592.08$9,957
Aug 19984,65211.301.91$8,873
Jul 19984,60411.742.24$10,300
Jun 19985,24411.242.24$11,732
May 19984,31012.622.21$9,509
Apr 19985,15713.042.51$12,920
Mar 19986,09812.802.31$14,083
Feb 19985,42813.952.30$12,480
Jan 19986,59914.702.15$14,219
Dec 19974,49916.322.41$10,848
Nov 19975,07618.193.09$15,676
Oct 19975,11519.253.15$16,111
Sep 19976,17617.742.95$18,249
Aug 19976,50917.862.55$16,629
Jul 19975,18317.582.25$11,646
Jun 19975,48817.242.26$12,388
May 19975,89718.972.31$13,613
Apr 19976,31517.882.08$13,153
Mar 19976,95318.951.94$13,483
Feb 19976,16220.492.21$13,593
Jan 19977,07623.483.54$25,047
Dec 19966,92923.32$0
Nov 19967,58521.97$0
Oct 19967,26423.31$0
Sep 19967,41522.22$0
Aug 19967,47320.26$0
Jul 19968,24419.55$0
Jun 19967,89918.73$0
May 19968,27219.43$0
Apr 19968,61221.51$0
Mar 19969,37519.38$0
Feb 19968,66916.98$0
Jan 199610,02417.07$0
Dec 199510,66017.19$0
Nov 199510,71216.00$0
Oct 199510,27615.43$0
Sep 199510,43816.18$0
Aug 199511,56015.92$0
Jul 199513,37415.24$0
Jun 199511,79816.41$0
May 19956,83317.56$0
Apr 19957,98317.73$0
Mar 19954,04016.44$0
Feb 19953,59716.58$0
Jan 19954,66615.92$0
Dec 19946,27715.03$0
Nov 19946,68015.90$0
Oct 19947,39715.58$0
Sep 19948,08215.29$0
Aug 199410,01316.13$0
Jul 199426,41917.56$0
Jun 199452,72617.09$0
May 199447615.88$0

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
Gas                1,985 Mcf  × $  3.05 =     $6,046

────────────────────────────────────────────────────
Month total                                   $6,046

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/150261 is the state's own key, not one this site invented.