SHEPPARD, B. ET AL

Operated by MEMORIAL PRODUCTION OPER. LLC (P-5 559624) 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 150765District 06Field 664612752 tax incentive programmesCondensateGasSaveExport
Value, all time
$4.2 M
Jun 1994 – Jan 2015
Value, last 12 filed months
$65 k
at the published price for each month
Months reported
248
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 Gas111995-02-27131473
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
CondensateDisposition4,431 bbl$124,926
GasProduction1,569,958 Mcf$4,076,069
Total$4,200,995

599,338 Mcf of this lease's gas, across 30 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 32.3628, -94.5056. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.36276, -94.50559 · 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
100.0%
1 of 1 wells
With a plug date
100.0%
1 of 1 wells
Median depth
10,336 ft
1 wells filed one
Completion to plug
20.6 years
median over 1 well

What the state filed about each well

On the RRC proration schedule
1100.0%
A plug date is filed
1100.0%
BothOn the schedule and plugged. Neither fact cancels the other.
1100.0%
NeitherNo plug date, and not on the schedule.
00.0%

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 10,336 ft.

Completions filed
Jun 1994
1 of 1 wells
Plug dates filed
Jan 2015
1 of 1 wells

Last completion to plug: a median of 20.6 years across the 1 well that filed both dates, with the middle half between 20.6 years and 20.6 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-40132501710,336 ftJun 1994Jan 2015Yes

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 (248)

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

248 months

Jan 20150043.433.10$0
Dec 2014059554.693.59$2,137
Nov 201401,18170.464.25$5,021
Oct 201401,03378.303.90$4,030
Sep 201401,20986.164.05$4,891
Aug 201401,18789.394.04$4,790
Jul 201401,19196.564.18$4,978
Jun 201401,16198.164.74$5,500
May 201401,19394.734.73$5,639
Apr 2014791,25795.944.81$13,624
Mar 201401,30195.895.06$6,579
Feb 201401,23997.406.19$7,672
Jan 201401,14690.404.86$5,570
Dec 201301,16791.824.35$5,082
Nov 201301,19688.853.74$4,471
Oct 201301,36397.423.78$5,151
Sep 201301,196104.113.72$4,446
Aug 201301,468104.253.52$5,171
Jul 201301,162102.523.72$4,320
Jun 201301,40894.403.93$5,538
May 201301,54694.834.15$6,414
Apr 201301,96693.964.28$8,420
Mar 201302,12393.623.91$8,307
Feb 201301,50291.233.42$5,137
Jan 201301,87791.603.42$6,419
Dec 201201,92486.773.42$6,580
Nov 201201,16086.953.62$4,205
Oct 201201,95489.383.40$6,643
Sep 20121681,96094.672.92$21,625
Aug 201202,12292.662.91$6,171
Jul 201201,96085.133.02$5,921
Jun 201202,02679.822.52$5,104
May 201202,16191.612.49$5,377
Apr 201202,162101.652.00$4,317
Mar 201202,123105.052.22$4,717
Feb 201202,090101.102.57$5,372
Jan 201202,24698.092.73$6,141
Dec 201102,22696.873.24$7,212
Nov 201102,36795.723.31$7,838
Oct 201102,01184.983.65$7,337
Sep 201102,37583.623.99$9,466
Aug 201102,41983.404.15$10,037
Jul 201101,72294.144.52$7,779
Jun 201101,92592.904.64$8,932
May 201101,87798.134.40$8,268
Apr 201102,576105.964.33$11,163
Mar 201101,89096.364.06$7,668
Feb 201101,43485.644.18$5,994
Jan 201101,85986.504.59$8,531
Dec 201002,01985.734.35$8,778
Nov 201001,48880.843.80$5,647
Oct 201001,77578.103.51$6,228
Sep 201002,23072.633.98$8,874
Aug 201002,65073.684.42$11,711
Jul 201001,99272.554.74$9,435
Jun 201002,28570.364.91$11,220
May 201002,30771.124.24$9,771
Apr 201001,51181.694.12$6,229
Mar 201001,31178.394.39$5,754
Feb 201001,16073.585.44$6,313
Jan 201002,28574.365.96$13,628
Dec 200902,05471.445.48$11,264
Nov 200902,19274.593.75$8,223
Oct 200902,22272.544.11$9,133
Sep 200902,15965.543.06$6,617
Aug 200902,71067.423.22$8,722
Jul 200902,28261.133.46$7,906
Jun 20091512,40966.163.90$19,373
May 200902,30254.743.93$9,037
Apr 200902,84146.773.59$10,192
Mar 200902,43342.144.06$9,876
Feb 200902,66532.814.63$12,347
Jan 200902,56435.865.37$13,771
Dec 200802,27837.105.98$13,616
Nov 200803,19355.496.86$21,905
Oct 200802,14975.246.92$14,875
Sep 200802,379101.767.88$18,740
Aug 200801,910114.228.48$16,203
Jul 200802,173131.0811.39$24,749
Jun 200802,312131.3313.03$30,131
May 200802,606123.1711.57$30,163
Apr 200802,695110.3110.45$28,176
Mar 200803,212101.909.66$31,041
Feb 200802,14292.538.77$18,787
Jan 20081552,53390.388.21$34,794
Dec 200702,06788.337.30$15,093
Nov 200702,48891.677.29$18,142
Oct 200701,40582.856.92$9,725
Sep 200703,37575.846.24$21,074
Aug 200703,62769.066.39$23,169
Jul 200702,75970.906.39$17,624
Jun 200703,64862.007.55$27,537
May 200702,55858.747.85$20,071
Apr 200701,52259.617.81$11,880
Mar 200703,12656.927.30$22,826
Feb 200704,09655.108.22$33,653
Jan 200704,48050.306.73$30,136
Dec 200604,76356.656.92$32,953
Nov 200605,36854.207.62$40,891
Oct 200603,78154.906.01$22,738
Sep 200605,29460.085.04$26,667
Aug 20061283,85368.717.34$37,076
Jul 200603,64569.376.34$23,119
Jun 200602,68966.286.38$17,166
May 200601,98566.016.42$12,754
Apr 200602,21664.397.36$16,311
Mar 200603,27956.707.08$23,225
Feb 200613,02857.597.75$23,528
Jan 200603,52860.598.93$31,517
Dec 200503,61854.9413.42$48,537
Nov 200503,40954.6910.59$36,096
Oct 200513,93158.3413.80$54,289
Sep 200504,10861.4512.08$49,621
Aug 200503,66261.519.80$35,876
Jul 200503,67055.697.84$28,786
Jun 200504,88052.337.38$36,019
May 200504,29845.226.65$28,587
Apr 200504,48249.207.36$32,990
Mar 200504,65750.377.15$33,320
Feb 200504,25145.226.31$26,832
Jan 200505,24343.166.32$33,147
Dec 200404,38139.866.75$29,576
Nov 200402,61145.286.33$16,529
Oct 200404,45549.706.52$29,025
Sep 200404,22743.245.28$22,335
Aug 200404,46742.375.55$24,795
Jul 200404,27438.286.08$26,004
Jun 200404,36436.106.43$28,074
May 200404,83537.486.49$31,401
Apr 200404,35334.475.86$25,502
Mar 200404,06034.365.53$22,452
Feb 200404,42732.455.51$24,391
Jan 200405,24232.036.30$33,023
Dec 200304,38730.266.30$27,645
Nov 200304,17328.804.60$19,176
Oct 200304,62928.174.76$22,032
Sep 200304,24126.314.75$20,142
Aug 200305,09029.765.13$26,110
Jul 200305,61729.415.17$29,045
Jun 200305,25728.565.98$31,452
May 2003265,64026.595.97$34,377
Apr 200303,42926.675.41$18,542
Mar 200305,42731.146.10$33,083
Feb 200304,55033.487.93$36,063
Jan 200305,14830.315.58$28,736
Dec 200205,06126.914.85$24,565
Nov 200205,42024.664.14$22,422
Oct 200205,57626.464.23$23,582
Sep 200204,35427.443.64$15,828
Aug 200205,29425.963.16$16,751
Jul 200205,48724.583.06$16,800
Jun 200205,54123.733.34$18,497
May 200205,91524.663.58$21,199
Apr 200205,89323.653.51$20,698
Mar 200206,04822.003.10$18,765
Feb 200205,41218.222.38$12,857
Jan 20021726,22417.172.38$17,739
Dec 200106,28216.932.36$14,853
Nov 200105,23018.072.41$12,581
Oct 200105,99919.782.53$15,171
Sep 200106,55624.262.25$14,760
Aug 200107,94324.873.05$24,251
Jul 200104,98023.933.20$15,921
Jun 200104,70624.563.82$17,997
May 200105,18425.524.31$22,329
Apr 200104,71024.685.34$25,129
Mar 200104,32424.545.38$23,248
Feb 200104,27227.755.77$24,637
Jan 20011595,40927.478.40$49,797
Dec 200004,85926.889.12$44,326
Nov 200004,02332.215.66$22,762
Oct 200005,21831.235.15$26,849
Sep 200005,74431.875.19$29,791
Aug 20001626,42629.644.54$33,981
Jul 200006,06328.534.09$24,796
Jun 200006,95229.304.40$30,570
May 200006,20127.263.68$22,818
Apr 200007,47824.513.12$23,301
Mar 200006,58928.422.86$18,843
Feb 200006,11327.622.73$16,667
Jan 200005,32525.272.48$13,209
Dec 199905,00924.282.42$12,140
Nov 199905,21623.192.43$12,696
Oct 199905,30620.982.80$14,876
Sep 19991642,34421.752.62$9,706
Aug 199907,81219.262.88$22,464
Jul 199907,80517.892.37$18,516
Jun 199908,63715.942.36$20,401
May 199908,11515.792.32$18,835
Apr 199908,22015.102.21$18,150
Mar 199908,47612.471.84$15,582
Feb 199908,0019.981.82$14,544
Jan 19991789,30110.381.90$19,519
Dec 199809,4109.201.77$16,687
Nov 199809,20910.892.19$20,128
Oct 1998010,15312.421.97$19,993
Sep 199809,33012.592.08$19,431
Aug 1998010,15011.301.91$19,360
Jul 199809,69211.742.24$21,684
Jun 1998010,14811.242.24$22,704
May 199817710,68512.622.21$25,808
Apr 1998010,56713.042.51$26,474
Mar 1998011,25112.802.31$25,984
Feb 1998010,59113.952.30$24,350
Jan 1998010,50614.702.15$22,638
Dec 199717811,27216.322.41$30,083
Nov 1997011,28418.193.09$34,848
Oct 1997013,00319.253.15$40,957
Sep 199717213,13217.742.95$41,855
Aug 1997013,35017.862.55$34,106
Jul 1997013,35517.582.25$30,008
Jun 1997013,10117.242.26$29,572
May 1997014,59918.972.31$33,702
Apr 1997014,54917.882.08$30,302
Mar 1997015,20518.951.94$29,485
Feb 199717913,55920.492.21$33,578
Jan 1997015,72923.483.54$55,676
Dec 1996016,96623.32$0
Nov 199617917,00321.97$3,933
Oct 1996016,17323.31$0
Sep 1996019,15722.22$0
Aug 1996020,63120.26$0
Jul 199618120,42119.55$3,539
Jun 1996010,90818.73$0
May 1996011,79819.43$0
Apr 199617812,26121.51$3,829
Mar 1996013,51919.38$0
Feb 1996011,97116.98$0
Jan 199617311,96617.07$2,953
Dec 1995012,38017.19$0
Nov 1995014,74816.00$0
Oct 1995014,38215.43$0
Sep 199518218,19816.18$2,945
Aug 1995119,23415.92$16
Jul 1995119,83315.24$15
Jun 199517424,96116.41$2,855
May 1995128,25817.56$18
Apr 199518331,20917.73$3,245
Mar 199518829,14916.44$3,091
Feb 19950016.58$0
Jan 199519,89015.92$16
Dec 1994124,43615.03$15
Nov 199417918,38415.90$2,846
Oct 1994212,98415.58$31
Sep 199418336,73715.29$2,798
Aug 199418335,34816.13$2,952
Jul 199418441,34717.56$3,231
Jun 1994725,08617.09$120

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.

Dec 2014 — as filed, then multipliedworked
Condensate             0 bbl  × $ 54.69 =         $0
Gas                  595 Mcf  × $  3.59 =     $2,137

────────────────────────────────────────────────────
Month total                                   $2,137

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/150765 is the state's own key, not one this site invented.