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 199036District 06Field 953691602 tax incentive programmesCondensateGasSaveExport
Value, all time
$6.2 M
Nov 2003 – May 2026
Value, last 12 filed months
$193 k
at the published price for each month
Months reported
271
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 Gas112004-03-01155490
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
CondensateDisposition2,627 bbl$150,113
GasProduction961,701 Mcf$6,078,278
Total$6,228,391

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 32.5010, -94.0937. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.50100, -94.09370 · 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
9,700 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 9,700 ft.

Completions filed
Nov 2003
1 of 1 wells

1 well

42-2033282779,700 ftNov 2003

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 (271)

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

271 months

May 202602,468106.413.05$7,517
Apr 202603,88998.932.87$11,160
Mar 202602,69989.753.15$8,500
Feb 202603,42163.503.75$12,830
Jan 202603,37959.138.00$27,025
Dec 202505,67956.664.41$25,063
Nov 202507,78558.593.93$30,567
Oct 2025060559.383.30$1,999
Sep 2025027462.743.08$843
Aug 202502,44463.933.01$7,368
Jul 202508,86966.743.32$29,403
Jun 202509,66266.483.13$30,230
May 202508,52960.553.23$27,568
Apr 20250062.363.54$0
Mar 20250067.704.27$0
Feb 20250070.884.34$0
Jan 20250074.324.28$0
Dec 20240068.993.12$0
Nov 20240069.052.20$0
Oct 20240071.372.28$0
Sep 20240069.612.36$0
Aug 20240075.632.06$0
Jul 20240079.932.15$0
Jun 20240078.082.63$0
May 20240078.812.20$0
Apr 20240084.451.66$0
Mar 20240080.301.55$0
Feb 20240076.091.78$0
Jan 20240073.023.30$0
Dec 20230071.262.61$0
Nov 20230077.892.81$0
Oct 20230085.443.09$0
Sep 20230089.042.74$0
Aug 20230080.522.67$0
Jul 20230074.852.64$0
Jun 20230068.962.26$0
May 20230070.622.23$0
Apr 20230078.122.24$0
Mar 20230072.852.39$0
Feb 20230075.112.47$0
Jan 20230076.533.39$0
Dec 20220076.415.73$0
Nov 20220085.005.65$0
Oct 20220087.185.86$0
Sep 20220084.888.16$0
Aug 20220094.529.13$0
Jul 202200101.587.54$0
Jun 202200115.097.98$0
May 202200109.378.43$0
Apr 202200104.226.84$0
Mar 202200108.885.08$0
Feb 20220091.054.86$0
Jan 20220081.844.54$0
Dec 20210071.323.90$0
Nov 20210077.435.24$0
Oct 20210079.795.71$0
Sep 20210069.865.35$0
Aug 20210066.024.22$0
Jul 20210070.783.98$0
Jun 20210069.493.38$0
May 2021024363.483.02$733
Apr 2021017460.362.76$480
Mar 2021011761.302.72$318
Feb 2021012057.805.55$666
Jan 2021012050.412.81$337
Dec 2020012344.642.68$329
Nov 2020010238.772.71$276
Oct 202006436.972.48$159
Sep 202006837.091.99$135
Aug 202007439.982.39$177
Jul 202007538.371.83$137
Jun 202007134.901.69$120
May 202006916.921.81$125
Apr 202006214.751.80$112
Mar 202006430.341.86$119
Feb 202005449.881.98$107
Jan 202003957.252.09$82
Dec 201904059.012.30$92
Nov 201905355.302.75$146
Oct 201905553.472.42$133
Sep 201906555.052.66$173
Aug 201909753.112.30$224
Jul 201909056.272.46$221
Jun 201908752.782.49$217
May 201907958.482.74$216
Apr 201904762.632.75$129
Mar 201904656.803.06$141
Feb 201901050.852.79$28
Jan 201901146.033.23$36
Dec 20180946.594.19$38
Nov 20180552.934.24$21
Oct 20180861.443.40$27
Sep 20180459.543.11$12
Aug 20180059.403.07$0
Jul 20180065.142.93$0
Jun 20180060.183.08$0
May 20180065.382.90$0
Apr 20180063.842.90$0
Mar 20180061.222.79$0
Feb 20180061.782.77$0
Jan 20180062.874.01$0
Dec 20170057.272.92$0
Nov 20170055.423.12$0
Oct 20170149.292.98$3
Sep 20170147.523.09$3
Aug 20170145.373.00$3
Jul 20170143.873.09$3
Jun 20170042.493.09$0
May 20170145.373.26$3
Apr 20170047.933.21$0
Mar 20170046.772.98$0
Feb 20170050.452.95$0
Jan 20170049.413.42$0
Dec 20160048.763.72$0
Nov 20160142.492.64$3
Oct 20160146.193.09$3
Sep 201605741.553.10$177
Aug 201603841.442.92$111
Jul 201603041.622.92$88
Jun 20160045.352.69$0
May 201601042.521.99$20
Apr 2016083136.561.99$1,655
Mar 2016081033.011.79$1,453
Feb 2016077126.472.06$1,591
Jan 2016084427.352.36$1,996
Dec 2015085332.362.00$1,707
Nov 2015086538.792.17$1,875
Oct 2015093143.552.43$2,259
Sep 2015090942.992.76$2,507
Aug 2015095540.162.87$2,743
Jul 2015096848.152.95$2,851
Jun 2015095756.152.88$2,759
May 201501,00655.212.96$2,973
Apr 2015099549.822.71$2,693
Mar 201501,04642.892.93$3,070
Feb 2015093544.662.98$2,783
Jan 201501,06043.433.10$3,287
Dec 201401,07754.693.59$3,868
Nov 201401,06770.464.25$4,537
Oct 201401,15278.303.90$4,494
Sep 201401,32786.164.05$5,368
Aug 201401,41589.394.04$5,710
Jul 201401,26696.564.18$5,291
Jun 201401,28398.164.74$6,077
May 201401,31094.734.73$6,192
Apr 201401,27695.944.81$6,136
Mar 201401,34095.895.06$6,776
Feb 201401,23097.406.19$7,616
Jan 201401,47190.404.86$7,150
Dec 201301,43391.824.35$6,240
Nov 201301,41388.853.74$5,282
Oct 201301,51597.423.78$5,726
Sep 201301,538104.113.72$5,718
Aug 20131781,585104.253.52$24,140
Jul 201301,621102.523.72$6,026
Jun 201301,73194.403.93$6,809
May 201301,64894.834.15$6,838
Apr 201301,61193.964.28$6,899
Mar 201301,68793.623.91$6,601
Feb 201301,53591.233.42$5,250
Jan 201301,73791.603.42$5,940
Dec 201201,78086.773.42$6,088
Nov 201201,71586.953.62$6,217
Oct 201201,85489.383.40$6,303
Sep 201201,82394.672.92$5,320
Aug 201201,91492.662.91$5,566
Jul 201201,95285.133.02$5,897
Jun 201201,91379.822.52$4,819
May 201201,95191.612.49$4,855
Apr 201201,892101.652.00$3,778
Mar 201202,046105.052.22$4,546
Feb 201201,763101.102.57$4,531
Jan 201201,74798.092.73$4,776
Dec 201101,55096.873.24$5,022
Nov 2011094495.723.31$3,126
Oct 201102,34784.983.65$8,563
Sep 201102,77683.623.99$11,065
Aug 201103,11983.404.15$12,942
Jul 201102,87194.144.52$12,969
Jun 201102,87592.904.64$13,340
May 201103,06098.134.40$13,479
Apr 201103,018105.964.33$13,078
Mar 201103,26396.364.06$13,239
Feb 201102,80685.644.18$11,729
Jan 201103,10586.504.59$14,248
Dec 201002,97985.734.35$12,952
Nov 201003,09180.843.80$11,731
Oct 201003,56578.103.51$12,509
Sep 201003,46572.633.98$13,789
Aug 201003,54473.684.42$15,662
Jul 201003,22872.554.74$15,289
Jun 201003,54770.364.91$17,417
May 201003,59771.124.24$15,234
Apr 201003,56381.694.12$14,689
Mar 201003,72078.394.39$16,326
Feb 201003,44873.585.44$18,765
Jan 201003,82274.365.96$22,795
Dec 200903,92571.445.48$21,524
Nov 200903,82974.593.75$14,364
Oct 200904,11172.544.11$16,897
Sep 200904,06165.543.06$12,446
Aug 200904,24567.423.22$13,663
Jul 200904,45961.133.46$15,448
Jun 200904,25366.163.90$16,565
May 200904,66254.743.93$18,302
Apr 200904,57146.773.59$16,398
Mar 200904,86242.144.06$19,735
Feb 200904,44332.814.63$20,584
Jan 200905,15035.865.37$27,661
Dec 200804,93337.105.98$29,485
Nov 200805,13555.496.86$35,228
Oct 200805,31075.246.92$36,756
Sep 200803,995101.767.88$31,469
Aug 20081713,975114.228.48$53,252
Jul 200804,101131.0811.39$46,708
Jun 200805,493131.3313.03$71,588
May 200804,798123.1711.57$55,533
Apr 200805,785110.3110.45$60,481
Mar 200806,909101.909.66$66,769
Feb 200805,97992.538.77$52,439
Jan 200836,80290.388.21$56,087
Dec 200746,99188.337.30$51,401
Nov 200767,08291.677.29$52,190
Oct 200707,60082.856.92$52,607
Sep 200707,33075.846.24$45,770
Aug 200704,85769.066.39$31,026
Jul 20071716,90770.906.39$56,245
Jun 200706,82062.007.55$51,480
May 200707,21058.747.85$56,572
Apr 200707,00359.617.81$54,660
Mar 200707,05156.927.30$51,486
Feb 200706,05155.108.22$49,715
Jan 200706,22450.306.73$41,868
Dec 200606,01856.656.92$41,635
Nov 200604,91554.207.62$37,440
Oct 200603,88354.906.01$23,352
Sep 200608,66560.085.04$43,647
Aug 20061789,73668.717.34$83,692
Jul 200609,81069.376.34$62,222
Jun 200608,79066.286.38$56,114
May 200605,72366.016.42$36,770
Apr 200608,02464.397.36$59,060
Mar 2006010,39356.707.08$73,613
Feb 200609,48857.597.75$73,543
Jan 2006010,89360.598.93$97,311
Dec 200533611,48154.9413.42$172,482
Nov 2005011,57354.6910.59$122,540
Oct 2005012,20558.3413.80$168,377
Sep 2005012,35061.4512.08$149,176
Aug 2005013,66361.519.80$133,854
Jul 2005014,51755.697.84$113,866
Jun 2005014,85452.337.38$109,638
May 200518016,13645.226.65$115,463
Apr 200517717,08049.207.36$134,425
Mar 2005019,40950.377.15$138,869
Feb 200517119,27345.226.31$129,382
Jan 2005025,62443.166.32$162,000
Dec 200435519,55339.866.75$146,154
Nov 2004014,99745.286.33$94,937
Oct 200417916,18449.706.52$114,337
Sep 2004017,36643.245.28$91,760
Aug 200417420,86842.375.55$123,204
Jul 200417926,07838.286.08$165,515
Jun 200408,49636.106.43$54,655
May 200416518,04637.486.49$123,385
Apr 2004019,18434.475.86$112,389
Mar 2004021,61734.365.53$119,545
Feb 2004020,53232.455.51$113,124
Jan 2004024,62832.036.30$155,148
Dec 2003030,58630.266.30$192,742
Nov 2003015,30428.804.60$70,324

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                2,468 Mcf  × $  3.05 =     $7,517

────────────────────────────────────────────────────
Month total                                   $7,517

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/199036 is the state's own key, not one this site invented.