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SHELLY FEE 40

Operated by CAPITAN ENERGY, INCORPORATED (P-5 130061) in the FORD, WEST (WOLFCAMP) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 279456District 08Field 31913800Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$35.1 M
Oct 2015 – May 2026
Value, last 12 filed months
$1.8 M
at the published price for each month
Months reported
128
no gaps in the span
Streams
2
condensate, gas

The FORD, WEST (WOLFCAMP) field

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 1,466 leases and 1,484 wells, and the rule below applies to all of them.

Discovered
2010-11-05
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 80 acres. The field rule took effect on 2018-06-05.

The register flags this field for hydrogen sulphide. That is a poisonous gas that occurs naturally in some formations. The flag is a property of the field as the Commission records it. It is not a measurement taken at this lease, and it is not a statement that gas is escaping anywhere.

The Commission's schedule remark for this field reads: “DOCKET SAYS PRO PLAT NOT REQUIRED NOT LEASE PLAT NOT REQ”

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 Gas112017-05-25220264
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
CondensateDisposition485,901 bbl$25,541,595
GasProduction2,990,459 Mcf$9,571,359
Total$35,112,954

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 31.7958, -104.0646. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.79575, -104.06459 · 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
9,350 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 9,350 ft.

Completions filed
Dec 2015
1 of 1 wells

1 well

42-109328771H9,350 ftDec 2015——

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 (128)

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

128 months

May 20261,01816,167106.413.05$157,567
Apr 202697515,40998.932.87$140,676
Mar 20261,16717,16889.753.15$158,808
Feb 20261,05215,63163.503.75$125,423
Jan 20261,16917,19259.138.00$206,623
Dec 20251,17118,15456.664.41$146,469
Nov 20251,23417,61258.593.93$141,453
Oct 20251,28718,04359.383.30$136,051
Sep 20251,27117,75762.743.08$134,379
Aug 20251,22318,23463.933.01$133,158
Jul 20251,27018,49666.743.32$146,078
Jun 20251,38017,68666.483.13$147,077
May 20251,79619,25260.553.23$170,976
Apr 20251,35715,02562.363.54$137,858
Mar 20251,92220,09667.704.27$215,896
Feb 20252,13119,20870.884.34$234,424
Jan 20256,35336,55874.324.28$628,575
Dec 20247,00736,30468.993.12$596,731
Nov 20247948,71969.052.20$73,994
Oct 20241,06912,41471.372.28$104,616
Sep 20241,14011,92869.612.36$107,557
Aug 20241,17612,57275.632.06$114,885
Jul 20241,21211,99679.932.15$122,626
Jun 20241,06011,60878.082.63$113,340
May 20241,38413,21778.812.20$138,130
Apr 20241,24512,24284.451.66$125,452
Mar 20241,34912,83380.301.55$128,153
Feb 20241,22812,12476.091.78$115,063
Jan 20241,30812,77873.023.30$137,648
Dec 20231,43313,17271.262.61$136,504
Nov 20231,25652,97777.892.81$246,566
Oct 20231,50114,08385.443.09$171,724
Sep 20231,22312,99889.042.74$144,446
Aug 20231,38014,26880.522.67$149,254
Jul 20231,52814,65974.852.64$153,097
Jun 20231,48113,95768.962.26$133,651
May 20231,43515,01870.622.23$134,791
Apr 20231,51314,83978.122.24$151,402
Mar 20231,56215,80272.852.39$151,608
Feb 20231,44714,22575.112.47$143,758
Jan 20231,76215,79976.533.39$188,368
Dec 20221,27615,30876.415.73$185,200
Nov 20221,57916,01985.005.65$224,661
Oct 20221,69017,56187.185.86$250,308
Sep 20221,65218,21084.888.16$288,882
Aug 20221,82918,56094.529.13$342,277
Jul 20221,75917,219101.587.54$308,546
Jun 20221,67216,481115.097.98$323,903
May 20221,62716,475109.378.43$316,879
Apr 20221,63716,044104.226.84$280,311
Mar 20221,68716,243108.885.08$266,137
Feb 20221,63214,14491.054.86$217,317
Jan 20221,74416,00781.844.54$215,364
Dec 20211,76516,38071.323.90$189,747
Nov 20211,72015,89477.435.24$216,414
Oct 20211,93217,43979.795.71$253,798
Sep 20211,98118,24269.865.35$236,004
Aug 20212,02819,48366.024.22$216,118
Jul 20212,10614,07270.783.98$205,099
Jun 20211,9599,29969.493.38$167,567
May 20212,2179,88163.483.02$170,553
Apr 20212,1879,57260.362.76$158,411
Mar 20212,49810,26361.302.72$181,011
Feb 20211,71913,76357.805.55$175,715
Jan 20212,42413,66250.412.81$160,588
Dec 20202,32711,31044.642.68$134,137
Nov 20202,28812,71638.772.71$123,123
Oct 20202,39112,20036.972.48$118,632
Sep 20202,50212,14037.091.99$116,970
Aug 20202,65213,47439.982.39$138,164
Jul 20203,13212,80038.371.83$143,536
Jun 20202,31212,81034.901.69$102,342
May 20201,3399,83416.921.81$40,502
Apr 20201,90810,88414.751.80$47,782
Mar 20202,83516,79030.341.86$117,180
Feb 20202,77616,92349.881.98$171,986
Jan 20203,29217,11957.252.09$224,327
Dec 20193,28117,47759.012.30$233,885
Nov 20192,81021,80655.302.75$215,375
Oct 20191,6749,06453.472.42$111,430
Sep 20192,7306,91055.052.66$168,648
Aug 20193,32911,57453.112.30$203,474
Jul 20193,05811,26156.272.46$199,776
Jun 20192,84717,10252.782.49$192,869
May 20193,03217,75158.482.74$225,955
Apr 20192,96320,56962.632.75$242,152
Mar 20192,94011,60456.803.06$202,525
Feb 20193,43311,10950.852.79$205,587
Jan 20193,03713,20446.033.23$182,418
Dec 20183,90122,98546.594.19$277,950
Nov 20182,18821,78552.934.24$208,119
Oct 20184,25235,29061.443.40$381,161
Sep 201812,09034,58359.543.11$827,323
Aug 20184,15034,69559.403.07$352,904
Jul 20185,07840,88065.142.93$450,636
Jun 20182,80822,21860.183.08$237,348
May 20185,59038,32065.382.90$476,633
Apr 20185,89840,54263.842.90$494,133
Mar 20185,51338,84161.222.79$445,750
Feb 20184,34328,24661.782.77$346,442
Jan 20185,28531,11562.874.01$457,018
Dec 20176,15531,73357.272.92$445,205
Nov 20176,86035,86555.423.12$492,021
Oct 20176,59936,73449.292.98$434,867
Sep 20176,66830,25947.523.09$410,281
Aug 20177,03540,54345.373.00$440,985
Jul 20176,12335,54843.873.09$378,363
Jun 20178,23839,76242.493.09$472,789
May 20178,31642,96645.373.26$517,512
Apr 20178,92642,65247.933.21$564,804
Mar 201710,20744,92546.772.98$611,423
Feb 20179,61142,19450.452.95$609,457
Jan 201710,91346,51649.413.42$698,240
Dec 201610,85245,70648.763.72$699,299
Nov 201610,57647,61342.492.64$575,280
Oct 201611,04851,57046.193.09$669,672
Sep 201610,74751,47741.553.10$606,149
Aug 201610,83250,45341.442.92$596,420
Jul 20169,52048,91041.622.92$539,252
Jun 201611,48851,64745.352.69$659,696
May 20168,51540,00942.521.99$441,717
Apr 201614,08772,64236.561.99$659,654
Mar 201616,63181,87033.011.79$695,865
Feb 201610,72945,75426.472.06$378,416
Jan 201618,47590,47827.352.36$719,214
Dec 201511,15360,23532.362.00$481,466
Nov 2015121338.792.17$494
Oct 2015121343.552.43$554

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         1,018 bbl  × $106.41 =   $108,325
Gas               16,167 Mcf  × $  3.05 =    $49,242

────────────────────────────────────────────────────
Month total                                 $157,567

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. 08/G/279456 is the state's own key, not one this site invented.