SHEPHERD, W. J. GAS UNIT

Operated by BKV BARNETT, LLC (P-5 72504) in the NEWARK, EAST (BARNETT SHALE) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 167981District 09Field 652802002 tax incentive programmesCondensateGasSaveExport
Value, all time
$9.9 M
Mar 1998 – May 2026
Value, last 12 filed months
$95 k
at the published price for each month
Months reported
339
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 21,881 leases and 22,468 wells, and the rule below applies to all of them.

Discovered
1981-10-15
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 20 acres. The field rule took effect on 2009-09-29.

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 Gas111998-06-01138754
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
CondensateDisposition3,907 bbl$98,586
GasProduction2,234,619 Mcf$9,799,854
Total$9,898,439

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 33.0814, -97.5542. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

33.08141, -97.55415 · 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
7,150 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 7,150 ft.

Completions filed
Mar 1998
1 of 1 wells

1 well

42-4973420727,150 ftMar 1998

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 (339)

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

339 months

May 202602,168106.413.05$6,603
Apr 202602,11698.932.87$6,072
Mar 202602,23689.753.15$7,042
Feb 202602,09463.503.75$7,853
Jan 202602,31159.138.00$18,483
Dec 202502,33156.664.41$10,288
Nov 202501,92058.593.93$7,539
Oct 202502,09659.383.30$6,927
Sep 202502,00962.743.08$6,182
Aug 202501,69663.933.01$5,113
Jul 202501,76166.743.32$5,838
Jun 202502,18666.483.13$6,839
May 202502,20460.553.23$7,124
Apr 202502,11962.363.54$7,508
Mar 202502,31067.704.27$9,860
Feb 202502,08870.884.34$9,064
Jan 202502,25074.324.28$9,627
Dec 202402,43468.993.12$7,597
Nov 202402,31969.052.20$5,098
Oct 202402,34871.372.28$5,357
Sep 202402,20769.612.36$5,218
Aug 202402,25075.632.06$4,643
Jul 202402,19579.932.15$4,712
Jun 202402,21878.082.63$5,842
May 202402,28078.812.20$5,012
Apr 202402,25584.451.66$3,742
Mar 202402,29280.301.55$3,541
Feb 202402,14976.091.78$3,833
Jan 202402,36873.023.30$7,809
Dec 202302,33871.262.61$6,104
Nov 202302,08677.892.81$5,857
Oct 202302,44785.443.09$7,555
Sep 202302,23989.042.74$6,124
Aug 202302,24980.522.67$6,011
Jul 202302,11874.852.64$5,595
Jun 202302,08468.962.26$4,707
May 202302,13070.622.23$4,744
Apr 202302,06878.122.24$4,628
Mar 202302,23972.852.39$5,358
Feb 202302,05775.112.47$5,072
Jan 202302,46176.533.39$8,337
Dec 202202,40976.415.73$13,801
Nov 202202,45585.005.65$13,861
Oct 202202,34387.185.86$13,739
Sep 202202,18784.888.16$17,854
Aug 202202,07394.529.13$18,921
Jul 202202,121101.587.54$15,997
Jun 202202,055115.097.98$16,393
May 202202,147109.378.43$18,106
Apr 202201,834104.226.84$12,540
Mar 202202,019108.885.08$10,249
Feb 202202,00491.054.86$9,737
Jan 202202,21781.844.54$10,060
Dec 202102,05371.323.90$8,005
Nov 202101,96577.435.24$10,290
Oct 202102,12279.795.71$12,125
Sep 202101,98069.865.35$10,595
Aug 202102,22266.024.22$9,378
Jul 202102,22070.783.98$8,840
Jun 202102,19469.493.38$7,417
May 202102,42663.483.02$7,321
Apr 202102,43460.362.76$6,714
Mar 202122,42161.302.72$6,700
Feb 2021332,09257.805.55$13,514
Jan 202102,54550.412.81$7,152
Dec 202002,47944.642.68$6,632
Nov 202002,43638.772.71$6,593
Oct 202002,54136.972.48$6,298
Sep 202002,43637.091.99$4,850
Aug 202002,34239.982.39$5,586
Jul 202002,31538.371.83$4,225
Jun 202002,30234.901.69$3,891
May 202002,39816.921.81$4,352
Apr 202002,32214.751.80$4,190
Mar 202002,42330.341.86$4,498
Feb 202002,14949.881.98$4,256
Jan 202002,47057.252.09$5,174
Dec 201902,62459.012.30$6,047
Nov 201902,54055.302.75$6,987
Oct 201902,49553.472.42$6,034
Sep 201902,42155.052.66$6,433
Aug 201902,64653.112.30$6,097
Jul 201902,56656.272.46$6,313
Jun 201902,61152.782.49$6,505
May 201902,53658.482.74$6,949
Apr 201902,53862.632.75$6,981
Mar 201902,47356.803.06$7,573
Feb 201901,86550.852.79$5,207
Jan 201901,62546.033.23$5,246
Dec 201801,44846.594.19$6,061
Nov 201801,49252.934.24$6,322
Oct 201801,54661.443.40$5,253
Sep 201801,49259.543.11$4,637
Aug 201811,39959.403.07$4,350
Jul 2018102,30065.142.93$7,395
Jun 201802,44760.183.08$7,529
May 201803,33765.382.90$9,680
Apr 201802,27263.842.90$6,591
Mar 201802,13061.222.79$5,936
Feb 201802,09161.782.77$5,784
Jan 201801,91362.874.01$7,670
Dec 201702,03957.272.92$5,957
Nov 201702,52755.423.12$7,880
Oct 201703,04149.292.98$9,073
Sep 201702,73447.523.09$8,441
Aug 201702,42145.373.00$7,274
Jul 201702,37743.873.09$7,338
Jun 201702,55142.493.09$7,876
May 201702,55445.373.26$8,335
Apr 201702,78047.933.21$8,928
Mar 201702,76746.772.98$8,256
Feb 201702,69450.452.95$7,954
Jan 201703,02149.413.42$10,328
Dec 201603,24348.763.72$12,073
Nov 201603,11642.492.64$8,240
Oct 201603,35946.193.09$10,380
Sep 201603,28841.553.10$10,195
Aug 201603,57641.442.92$10,457
Jul 201603,58741.622.92$10,490
Jun 201603,49145.352.69$9,376
May 201603,62842.521.99$7,223
Apr 201603,38736.561.99$6,744
Mar 201603,60333.011.79$6,464
Feb 201613,66326.472.06$7,586
Jan 2016453,72127.352.36$10,029
Dec 201503,64832.362.00$7,301
Nov 201503,46338.792.17$7,505
Oct 201503,71043.552.43$9,003
Sep 201503,29642.992.76$9,092
Aug 201502,80340.162.87$8,052
Jul 201503,07848.152.95$9,065
Jun 201502,67656.152.88$7,715
May 201503,36455.212.96$9,942
Apr 201504,21649.822.71$11,411
Mar 201504,30042.892.93$12,619
Feb 201504,00144.662.98$11,908
Jan 201504,40443.433.10$13,655
Dec 201404,23254.693.59$15,199
Nov 201403,97570.464.25$16,901
Oct 201404,49878.303.90$17,547
Sep 201404,65886.164.05$18,844
Aug 201404,67689.394.04$18,868
Jul 201404,78796.564.18$20,008
Jun 201404,78098.164.74$22,642
May 201404,95194.734.73$23,401
Apr 201405,14595.944.81$24,743
Mar 201405,39295.895.06$27,266
Feb 201404,37597.406.19$27,090
Jan 201405,71990.404.86$27,798
Dec 201306,06191.824.35$26,393
Nov 201305,92288.853.74$22,138
Oct 201306,38397.423.78$24,124
Sep 201306,618104.113.72$24,604
Aug 201307,206104.253.52$25,384
Jul 201308,351102.523.72$31,047
Jun 201308,84794.403.93$34,799
May 2013012,56794.834.15$52,141
Apr 201309,64593.964.28$41,306
Mar 201302,37393.623.91$9,285
Feb 201303,22891.233.42$11,039
Jan 201313,67791.603.42$12,667
Dec 201203,98686.773.42$13,633
Nov 201203,94086.953.62$14,282
Oct 201204,26089.383.40$14,483
Sep 201293,75894.672.92$11,819
Aug 201213,95892.662.91$11,603
Jul 2012274,25985.133.02$15,164
Jun 201203,84779.822.52$9,691
May 201204,18591.612.49$10,414
Apr 201204,303101.652.00$8,592
Mar 201204,326105.052.22$9,613
Feb 201204,093101.102.57$10,520
Jan 201204,84198.092.73$13,236
Dec 201105,22996.873.24$16,941
Nov 201105,02795.723.31$16,646
Oct 201105,22484.983.65$19,060
Sep 201105,25283.623.99$20,933
Aug 201105,71983.404.15$23,730
Jul 201104,84994.144.52$21,904
Jun 201105,22192.904.64$24,225
May 201105,47898.134.40$24,130
Apr 201145,326105.964.33$23,503
Mar 2011545,31596.364.06$26,768
Feb 201104,84885.644.18$20,265
Jan 201105,50386.504.59$25,252
Dec 201005,97085.734.35$25,956
Nov 201005,98880.843.80$22,726
Oct 201004,31978.103.51$15,155
Sep 201005,13672.633.98$20,439
Aug 201005,16473.684.42$22,822
Jul 201005,24772.554.74$24,852
Jun 201005,11470.364.91$25,112
May 201005,23771.124.24$22,180
Apr 201005,31381.694.12$21,904
Mar 201005,30178.394.39$23,264
Feb 201005,12873.585.44$27,908
Jan 201004,80874.365.96$28,675
Dec 200905,74471.445.48$31,499
Nov 200905,69874.593.75$21,376
Oct 200905,87772.544.11$24,156
Sep 200905,69765.543.06$17,460
Aug 200915,70267.423.22$18,419
Jul 2009235,74761.133.46$21,316
Jun 200905,95666.163.90$23,199
May 200906,20854.743.93$24,371
Apr 200906,04646.773.59$21,690
Mar 200906,45942.144.06$26,217
Feb 200906,02632.814.63$27,918
Jan 200906,63335.865.37$35,626
Dec 200806,83037.105.98$40,824
Nov 200806,72555.496.86$46,136
Oct 200806,97475.246.92$48,274
Sep 200806,779101.767.88$53,399
Aug 200817,316114.228.48$62,176
Jul 200817,315131.0811.39$83,445
Jun 200826,707131.3313.03$87,673
May 200867,136123.1711.57$83,333
Apr 200807,236110.3110.45$75,651
Mar 2008997,683101.909.66$84,337
Feb 200807,29492.538.77$63,973
Jan 200807,99390.388.21$65,588
Dec 200708,17188.337.30$59,664
Nov 200707,98891.677.29$58,246
Oct 200708,53182.856.92$59,051
Sep 200708,73175.846.24$54,518
Aug 200708,77169.066.39$56,029
Jul 200709,03870.906.39$57,734
Jun 200707,93262.007.55$59,874
May 200708,17558.747.85$64,143
Apr 200708,73359.617.81$68,163
Mar 200709,15356.927.30$66,835
Feb 200708,52555.108.22$70,041
Jan 200709,99250.306.73$67,215
Dec 2006010,60356.656.92$73,356
Nov 2006011,04954.207.62$84,166
Oct 2006011,67754.906.01$70,223
Sep 2006011,75960.085.04$59,232
Aug 2006013,59168.717.34$99,757
Jul 2006013,02869.376.34$82,633
Jun 20060066.286.38$0
May 20060066.016.42$0
Apr 20060064.397.36$0
Mar 2006813,52956.707.08$29,588
Feb 200606,90657.597.75$53,529
Jan 2006907,83360.598.93$75,428
Dec 200507,86554.9413.42$105,512
Nov 200508,38254.6910.59$88,752
Oct 200508,50358.3413.80$117,305
Sep 200508,43061.4512.08$101,826
Aug 200518,90561.519.80$87,302
Jul 200579,05655.697.84$71,422
Jun 200538,85052.337.38$65,479
May 200508,97345.226.65$59,681
Apr 200508,25149.207.36$60,731
Mar 200509,38750.377.15$67,163
Feb 200507,78245.226.31$49,119
Jan 200509,74243.166.32$61,591
Dec 2004010,01239.866.75$67,592
Nov 2004010,12945.286.33$64,121
Oct 2004010,21949.706.52$66,578
Sep 2004010,32343.245.28$54,546
Aug 2004011,44742.375.55$63,538
Jul 2004012,09538.286.08$73,588
Jun 2004012,20136.106.43$78,489
May 20041568,95037.486.49$63,973
Apr 200408,38034.475.86$49,094
Mar 2004010,50234.365.53$58,078
Feb 200409,14432.455.51$50,380
Jan 200409,90332.036.30$62,385
Dec 2003010,25930.266.30$64,649
Nov 2003011,35328.804.60$52,169
Oct 2003011,29328.174.76$53,751
Sep 2003010,96126.314.75$52,058
Aug 2003012,26229.765.13$62,901
Jul 200314714,63529.415.17$79,999
Jun 2003013,38228.565.98$80,064
May 2003013,66526.595.97$81,617
Apr 2003013,78226.675.41$74,523
Mar 2003015,25931.146.10$93,019
Feb 2003013,92533.487.93$110,368
Jan 2003016,84730.315.58$94,041
Dec 200217415,86526.914.85$81,687
Nov 2002017,07924.664.14$70,655
Oct 2002017,99126.464.23$76,086
Sep 2002018,43327.443.64$67,008
Aug 2002019,49825.963.16$61,695
Jul 200213513,86524.583.06$45,770
Jun 200202,26123.733.34$7,548
May 200205,28024.663.58$18,924
Apr 200206,11523.653.51$21,478
Mar 200206,18722.003.10$19,197
Feb 200204,85218.222.38$11,527
Jan 200206,33117.172.38$15,040
Dec 200106,62216.932.36$15,657
Nov 200105,73818.072.41$13,803
Oct 200106,89519.782.53$17,437
Sep 200106,49724.262.25$14,627
Aug 20011257,18724.873.05$25,052
Jul 200107,14523.933.20$22,843
Jun 200107,81724.563.82$29,893
May 200109,91725.524.31$42,716
Apr 200109,19924.685.34$49,080
Mar 200106,53924.545.38$35,157
Feb 200106,18627.755.77$35,675
Jan 200107,25027.478.40$60,891
Dec 20001617,98526.889.12$77,171
Nov 200007,14032.215.66$40,398
Oct 200007,84031.235.15$40,341
Sep 200008,54431.875.19$44,313
Aug 200008,90529.644.54$40,435
Jul 200009,62828.534.09$39,376
Jun 200009,93329.304.40$43,678
May 2000010,75127.263.68$39,561
Apr 2000010,99924.513.12$34,273
Mar 200013911,56428.422.86$37,021
Feb 2000010,10027.622.73$27,538
Jan 2000012,53025.272.48$31,081
Dec 199916313,15224.282.42$35,834
Nov 1999010,89323.192.43$26,513
Oct 1999013,93720.982.80$39,075
Sep 199918015,04521.752.62$43,316
Aug 1999014,84619.262.88$42,691
Jul 1999015,97217.892.37$37,891
Jun 199917817,47115.942.36$44,106
May 1999019,21815.792.32$44,605
Apr 199919020,05515.102.21$47,151
Mar 1999022,94412.471.84$42,179
Feb 199918518,8549.981.82$36,119
Jan 199918824,00510.381.90$47,560
Dec 199817727,6119.201.77$50,592
Nov 1998628,90110.892.19$63,235
Oct 199816832,55212.421.97$66,188
Sep 1998032,58712.592.08$67,866
Aug 199817929,66211.301.91$58,599
Jul 199817737,05411.742.24$84,978
Jun 1998636,22711.242.24$81,117
May 199836339,24512.622.21$91,169
Apr 199820737,82113.042.51$97,453
Mar 19980012.802.31$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
Condensate             0 bbl  × $106.41 =         $0
Gas                2,168 Mcf  × $  3.05 =     $6,603

────────────────────────────────────────────────────
Month total                                   $6,603

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. 09/G/167981 is the state's own key, not one this site invented.