SHEPPARD, M. O.

Operated by DIVERSIFIED PRODUCTION LLC (P-5 220903) in the GLENWOOD (COTTON VALLEY) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 165023District 06Field 354153002 tax incentive programmesCondensateGasSaveExport
Value, all time
$2.0 M
Aug 1997 – May 2026
Value, last 12 filed months
$8 k
at the published price for each month
Months reported
346
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 351 leases and 351 wells, and the rule below applies to all of them.

Discovered
1980-12-20
as the register files it
Field class
Gas
the register's own label
Between wells
600 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 2017-12-05.

The Commission's schedule remark for this field reads: BE FILED IF THE OPERATOR CHOOSES. THIS IS A UFT FIELD.

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 Gas111997-11-13137279
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
CondensateDisposition2,029 bbl$138,942
GasProduction481,360 Mcf$1,850,116
Total$1,989,058

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 32.5168, -94.9031. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.51675, -94.90315 · 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
10,900 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 10,900 ft.

Completions filed
Aug 1997
1 of 1 wells

1 well

42-18331293110,900 ftAug 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 (346)

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

346 months

May 20260158106.413.05$481
Apr 2026019598.932.87$560
Mar 202624489.753.15$318
Feb 2026024363.503.75$911
Jan 202625659.138.00$566
Dec 202542556.664.41$337
Nov 202514058.593.93$216
Oct 2025219759.383.30$770
Sep 2025047062.743.08$1,446
Aug 2025016663.933.01$500
Jul 2025035666.743.32$1,180
Jun 2025024466.483.13$763
May 2025042260.553.23$1,364
Apr 2025225062.363.54$1,011
Mar 2025526367.704.27$1,461
Feb 2025238670.884.34$1,817
Jan 2025432674.324.28$1,692
Dec 2024027968.993.12$871
Nov 2024022469.052.20$492
Oct 2024030871.372.28$703
Sep 2024040169.612.36$948
Aug 2024016175.632.06$332
Jul 2024035679.932.15$764
Jun 2024017878.082.63$469
May 2024041578.812.20$912
Apr 2024037684.451.66$624
Mar 2024013280.301.55$204
Feb 2024222376.091.78$550
Jan 202429573.023.30$459
Dec 2023216171.262.61$563
Nov 2023322377.892.81$860
Oct 2023229185.443.09$1,069
Sep 2023317189.042.74$735
Aug 2023325080.522.67$910
Jul 2023321174.852.64$782
Jun 2023228968.962.26$791
May 2023316870.622.23$586
Apr 2023323778.122.24$765
Mar 2023412372.852.39$586
Feb 2023516275.112.47$775
Jan 2023521776.533.39$1,118
Dec 2022627576.415.73$2,034
Nov 20226085.005.65$510
Oct 2022811987.185.86$1,395
Sep 2022526084.888.16$2,547
Aug 2022713594.529.13$1,894
Jul 20224509101.587.54$4,245
Jun 20226462115.097.98$4,376
May 20225557109.378.43$5,244
Apr 20227319104.226.84$2,911
Mar 20227314108.885.08$2,356
Feb 2022420591.054.86$1,360
Jan 2022636681.844.54$2,152
Dec 2021521671.323.90$1,199
Nov 2021634777.435.24$2,282
Oct 2021564779.795.71$4,096
Sep 2021557769.865.35$3,437
Aug 2021554966.024.22$2,647
Jul 2021559870.783.98$2,735
Jun 2021445369.493.38$1,809
May 2021651863.483.02$1,944
Apr 2021655760.362.76$1,899
Mar 2021537761.302.72$1,331
Feb 2021253557.805.55$3,084
Jan 2021238850.412.81$1,191
Dec 2020217644.642.68$560
Nov 2020140138.772.71$1,124
Oct 2020224336.972.48$676
Sep 2020218837.091.99$449
Aug 2020233839.982.39$886
Jul 2020124738.371.83$489
Jun 2020418734.901.69$456
May 2020446116.921.81$904
Apr 2020740014.751.80$825
Mar 20201864530.341.86$1,743
Feb 202061,87349.881.98$4,009
Jan 2020528157.252.09$875
Dec 2019440359.012.30$1,165
Nov 2019745555.302.75$1,639
Oct 2019750953.472.42$1,605
Sep 2019754455.052.66$1,831
Aug 2019772153.112.30$2,033
Jul 2019715056.272.46$763
Jun 2019459552.782.49$1,693
May 2019843058.482.74$1,646
Apr 2019763862.632.75$2,193
Mar 2019973056.803.06$2,747
Feb 2019660150.852.79$1,983
Jan 2019885746.033.23$3,135
Dec 2018960646.594.19$2,956
Nov 2018970152.934.24$3,447
Oct 2018889161.443.40$3,519
Sep 20181082759.543.11$3,166
Aug 2018101,04059.403.07$3,783
Jul 2018992965.142.93$3,310
Jun 2018999660.183.08$3,606
May 2018101,00765.382.90$3,575
Apr 20181076463.842.90$2,855
Mar 20181192161.222.79$3,240
Feb 20181069461.782.77$2,537
Jan 2018780462.874.01$3,664
Dec 201791,17557.272.92$3,948
Nov 2017943355.423.12$1,849
Oct 2017845649.292.98$1,755
Sep 201781,02247.523.09$3,535
Aug 201771,08045.373.00$3,562
Jul 2017851043.873.09$1,925
Jun 2017977442.493.09$2,772
May 20171097045.373.26$3,619
Apr 2017980447.933.21$3,014
Mar 20171086946.772.98$3,061
Feb 2017865150.452.95$2,326
Jan 20171084349.413.42$3,376
Dec 20161086248.763.72$3,697
Nov 20161088842.492.64$2,773
Oct 20161393146.193.09$3,478
Sep 201681,13941.553.10$3,864
Aug 2016892941.442.92$3,048
Jul 2016986141.622.92$2,892
Jun 2016882945.352.69$2,589
May 2016980542.521.99$1,985
Apr 2016101,05136.561.99$2,458
Mar 20161279733.011.79$1,826
Feb 201681,14526.472.06$2,575
Jan 2016644127.352.36$1,207
Dec 2015858532.362.00$1,430
Nov 2015675738.792.17$1,873
Oct 2015860843.552.43$1,824
Sep 2015582742.992.76$2,496
Aug 2015433040.162.87$1,109
Jul 2015542548.152.95$1,492
Jun 2015655356.152.88$1,931
May 2015061555.212.96$1,818
Apr 2015083249.822.71$2,252
Mar 20150242.892.93$6
Feb 2015082644.662.98$2,458
Jan 2015088743.433.10$2,750
Dec 201401,06054.693.59$3,807
Nov 2014083770.464.25$3,559
Oct 2014079878.303.90$3,113
Sep 2014096386.164.05$3,896
Aug 2014096089.394.04$3,874
Jul 2014066096.564.18$2,759
Jun 2014064898.164.74$3,070
May 2014752094.734.73$3,121
Apr 20141266195.944.81$4,330
Mar 20141644095.895.06$3,759
Feb 20141937897.406.19$4,191
Jan 20142198590.404.86$6,686
Dec 2013231,40391.824.35$8,221
Nov 20132848488.853.74$4,297
Oct 20132295497.423.78$5,749
Sep 201323838104.113.72$5,510
Aug 201321945104.253.52$5,518
Jul 2013221,102102.523.72$6,352
Jun 2013111,08594.403.93$5,306
May 201301,05694.834.15$4,381
Apr 201301,10093.964.28$4,711
Mar 201301,15293.623.91$4,508
Feb 201301,07791.233.42$3,683
Jan 201301,12591.603.42$3,847
Dec 201201,12586.773.42$3,848
Nov 201201,03786.953.62$3,759
Oct 201201,16589.383.40$3,961
Sep 201201,08194.672.92$3,155
Aug 201201,04792.662.91$3,045
Jul 201201,20885.133.02$3,649
Jun 2012099179.822.52$2,496
May 201201,31891.612.49$3,280
Apr 20120506101.652.00$1,010
Mar 20120855105.052.22$1,900
Feb 201201,048101.102.57$2,694
Jan 2012067498.092.73$1,843
Dec 201101,00496.873.24$3,253
Nov 2011076695.723.31$2,536
Oct 2011099484.983.65$3,627
Sep 201101,10783.623.99$4,412
Aug 201101,05983.404.15$4,394
Jul 201101,12194.144.52$5,064
Jun 201101,02892.904.64$4,770
May 2011084698.134.40$3,726
Apr 201101,049105.964.33$4,546
Mar 201101,15796.364.06$4,694
Feb 2011055585.644.18$2,320
Jan 201101,01386.504.59$4,648
Dec 2010252,39885.734.35$12,569
Nov 201010191180.843.80$11,622
Oct 2010099778.103.51$3,498
Sep 20101111,24172.633.98$13,000
Aug 201001,27573.684.42$5,635
Jul 2010731,28672.554.74$11,387
Jun 2010691,35970.364.91$11,528
May 2010551,54371.124.24$10,447
Apr 201081,42481.694.12$6,524
Mar 201091,49578.394.39$7,267
Feb 201071,46173.585.44$8,466
Jan 201081,33074.365.96$8,527
Dec 200971,25871.445.48$7,399
Nov 2009361,39874.593.75$7,930
Oct 20091081,60672.544.11$14,435
Sep 2009892,92165.543.06$14,785
Aug 2009971,95667.423.22$12,835
Jul 20091021,46461.133.46$11,307
Jun 2009681,62766.163.90$10,836
May 2009141,59454.743.93$7,024
Apr 2009161,47446.773.59$6,036
Mar 2009151,48042.144.06$6,639
Feb 2009131,26332.814.63$6,278
Jan 2009161,39435.865.37$8,061
Dec 2008111,50537.105.98$9,404
Nov 200861,39755.496.86$9,917
Oct 2008472075.246.92$5,285
Sep 200841,309101.767.88$10,718
Aug 20085291114.228.48$3,040
Jul 20086276131.0811.39$3,930
Jun 20085392131.3313.03$5,765
May 200861,146123.1711.57$14,003
Apr 20081281110.3110.45$3,048
Mar 20084287101.909.66$3,181
Feb 2008325092.538.77$2,470
Jan 2008427090.388.21$2,577
Dec 2007032188.337.30$2,344
Nov 200701,55491.677.29$11,331
Oct 2007089482.856.92$6,188
Sep 2007040675.846.24$2,535
Aug 2007041369.066.39$2,638
Jul 2007019370.906.39$1,233
Jun 2007083462.007.55$6,295
May 2007039458.747.85$3,091
Apr 2007057859.617.81$4,511
Mar 2007032156.927.30$2,344
Feb 2007088855.108.22$7,296
Jan 200701,20850.306.73$8,126
Dec 200601,09656.656.92$7,583
Nov 200601,52054.207.62$11,579
Oct 200601,97054.906.01$11,847
Sep 200601,92560.085.04$9,697
Aug 200602,01168.717.34$14,761
Jul 200601,32569.376.34$8,404
Jun 200601,86566.286.38$11,906
May 200602,21866.016.42$14,251
Apr 200601,45264.397.36$10,687
Mar 200602,16356.707.08$15,320
Feb 200602,27557.597.75$17,634
Jan 200602,46960.598.93$22,056
Dec 200502,33254.9413.42$31,285
Nov 200503,04254.6910.59$32,210
Oct 200501,35158.3413.80$18,638
Sep 2005059161.4512.08$7,139
Aug 2005057361.519.80$5,614
Jul 2005069855.697.84$5,475
Jun 2005027252.337.38$2,008
May 2005050545.226.65$3,359
Apr 2005072249.207.36$5,314
Mar 2005069850.377.15$4,994
Feb 2005069645.226.31$4,393
Jan 2005077443.166.32$4,893
Dec 2004081739.866.75$5,516
Nov 2004054645.286.33$3,456
Oct 2004055449.706.52$3,609
Sep 2004068043.245.28$3,593
Aug 2004046942.375.55$2,603
Jul 2004093538.286.08$5,689
Jun 2004091636.106.43$5,893
May 2004057737.486.49$3,747
Apr 2004073434.475.86$4,300
Mar 2004069834.365.53$3,860
Feb 2004075032.455.51$4,132
Jan 2004073132.036.30$4,605
Dec 2003076630.266.30$4,827
Nov 2003077628.804.60$3,566
Oct 2003084028.174.76$3,998
Sep 2003081826.314.75$3,885
Aug 2003083129.765.13$4,263
Jul 2003073129.415.17$3,780
Jun 200301,10628.565.98$6,617
May 200301,59326.595.97$9,514
Apr 2003090026.675.41$4,867
Mar 2003098931.146.10$6,029
Feb 2003099633.487.93$7,894
Jan 200301,05730.315.58$5,900
Dec 2002092826.914.85$4,504
Nov 200201,22024.664.14$5,047
Oct 200201,34826.464.23$5,701
Sep 200201,88127.443.64$6,838
Aug 200202,03325.963.16$6,433
Jul 200201,66524.583.06$5,098
Jun 200201,86023.733.34$6,209
May 200202,03824.663.58$7,304
Apr 200202,36423.653.51$8,303
Mar 200202,36722.003.10$7,344
Feb 200202,09918.222.38$4,987
Jan 200202,25317.172.38$5,352
Dec 200102,52916.932.36$5,980
Nov 200102,40218.072.41$5,778
Oct 200102,37919.782.53$6,016
Sep 200102,76224.262.25$6,218
Aug 200102,87924.873.05$8,790
Jul 200102,83323.933.20$9,057
Jun 200102,19424.563.82$8,390
May 200102,60025.524.31$11,199
Apr 200102,78324.685.34$14,848
Mar 200103,25424.545.38$17,495
Feb 200102,61627.755.77$15,087
Jan 200102,99527.478.40$25,154
Dec 200003,68226.889.12$33,589
Nov 200002,72632.215.66$15,424
Oct 200004,02031.235.15$20,685
Sep 200002,34731.875.19$12,173
Aug 200002,79929.644.54$12,710
Jul 200002,75028.534.09$11,247
Jun 200002,69529.304.40$11,851
May 200003,14227.263.68$11,562
Apr 200002,48224.513.12$7,734
Mar 200002,40928.422.86$6,889
Feb 200002,73527.622.73$7,457
Jan 200002,43625.272.48$6,043
Dec 199902,25224.282.42$5,458
Nov 199904,40623.192.43$10,724
Oct 199904,22520.982.80$11,846
Sep 199903,39721.752.62$8,896
Aug 199903,11319.262.88$8,952
Jul 199903,21017.892.37$7,615
Jun 199903,01615.942.36$7,124
May 199903,72515.792.32$8,646
Apr 199903,66315.102.21$8,088
Mar 199903,55912.471.84$6,543
Feb 199904,0759.981.82$7,407
Jan 199904,25710.381.90$8,088
Dec 199804,4629.201.77$7,913
Nov 199804,84710.892.19$10,594
Oct 199804,94312.421.97$9,734
Sep 199803,78312.592.08$7,879
Aug 199804,75811.301.91$9,075
Jul 199804,65411.742.24$10,412
Jun 199804,69611.242.24$10,506
May 199805,82812.622.21$12,859
Apr 199805,20913.042.51$13,050
Mar 199805,54412.802.31$12,804
Feb 199805,65413.952.30$12,999
Jan 199806,75814.702.15$14,562
Dec 199707,91816.322.41$19,091
Nov 199707,90918.193.09$24,425
Oct 199709,07119.253.15$28,572
Sep 1997027,30317.742.95$80,677
Aug 1997016,45917.862.55$42,048

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                  158 Mcf  × $  3.05 =       $481

────────────────────────────────────────────────────
Month total                                     $481

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/165023 is the state's own key, not one this site invented.