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 195540District 09Field 652802002 tax incentive programmesCondensateGasSaveExport
Value, all time
$12.0 M
Mar 2003 – May 2026
Value, last 12 filed months
$82 k
at the published price for each month
Months reported
279
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 Gas112005-06-20154296
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
CondensateDisposition1,726 bbl$69,975
GasProduction2,270,687 Mcf$11,966,786
Total$12,036,761

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 33.0828, -97.5625. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

33.08277, -97.56249 · 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
7,230 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 7,230 ft.

Completions filed
Mar 2003
1 of 1 wells

1 well

42-4973513957,230 ftMar 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 (279)

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

279 months

May 202602,050106.413.05$6,244
Apr 202601,72198.932.87$4,939
Mar 202602,21989.753.15$6,989
Feb 202602,15563.503.75$8,082
Jan 202601,92659.138.00$15,404
Dec 202501,94856.664.41$8,597
Nov 202501,84158.593.93$7,229
Oct 202501,33259.383.30$4,402
Sep 202501,61262.743.08$4,960
Aug 202501,76263.933.01$5,312
Jul 202501,63766.743.32$5,427
Jun 202501,25366.483.13$3,920
May 202501,40660.553.23$4,545
Apr 202501,46662.363.54$5,194
Mar 202501,87467.704.27$7,999
Feb 202501,78670.884.34$7,753
Jan 202502,11174.324.28$9,032
Dec 202402,22368.993.12$6,939
Nov 202402,06669.052.20$4,542
Oct 202401,88371.372.28$4,296
Sep 202401,87069.612.36$4,421
Aug 202401,72675.632.06$3,562
Jul 202401,90279.932.15$4,083
Jun 202401,44278.082.63$3,798
May 202402,07678.812.20$4,564
Apr 202402,23084.451.66$3,700
Mar 202402,27980.301.55$3,521
Feb 202402,11676.091.78$3,774
Jan 202402,59373.023.30$8,551
Dec 202302,46171.262.61$6,425
Nov 202302,14777.892.81$6,028
Oct 202302,43985.443.09$7,530
Sep 202302,46789.042.74$6,747
Aug 202302,59780.522.67$6,941
Jul 202301,96974.852.64$5,202
Jun 202302,17068.962.26$4,901
May 202302,66170.622.23$5,927
Apr 202302,41578.122.24$5,404
Mar 202302,71272.852.39$6,490
Feb 202302,31575.112.47$5,708
Jan 202302,55576.533.39$8,656
Dec 202202,46976.415.73$14,145
Nov 202202,69385.005.65$15,205
Oct 202202,54087.185.86$14,894
Sep 202202,76884.888.16$22,597
Aug 202202,68294.529.13$24,479
Jul 202202,604101.587.54$19,640
Jun 202202,364115.097.98$18,858
May 202202,515109.378.43$21,209
Apr 202202,500104.226.84$17,094
Mar 202202,448108.885.08$12,427
Feb 202202,30791.054.86$11,209
Jan 202202,62681.844.54$11,916
Dec 202102,72671.323.90$10,629
Nov 202102,71977.435.24$14,239
Oct 202102,78679.795.71$15,919
Sep 202102,71369.865.35$14,517
Aug 202103,23266.024.22$13,641
Jul 202103,08870.783.98$12,297
Jun 202102,95869.493.38$10,000
May 202103,10163.483.02$9,358
Apr 202103,08760.362.76$8,515
Mar 202103,21161.302.72$8,724
Feb 202102,81557.805.55$15,617
Jan 202103,25050.412.81$9,133
Dec 202003,37144.642.68$9,019
Nov 202003,29638.772.71$8,921
Oct 202003,45636.972.48$8,565
Sep 202003,34737.091.99$6,664
Aug 202003,44339.982.39$8,212
Jul 202003,44938.371.83$6,295
Jun 202003,24034.901.69$5,477
May 202003,14216.921.81$5,702
Apr 202003,01014.751.80$5,431
Mar 202003,19430.341.86$5,929
Feb 202002,79449.881.98$5,534
Jan 202003,00557.252.09$6,295
Dec 201902,93059.012.30$6,752
Nov 201902,84155.302.75$7,815
Oct 201902,94953.472.42$7,132
Sep 201902,77655.052.66$7,377
Aug 201902,95453.112.30$6,807
Jul 201902,99656.272.46$7,370
Jun 201902,91952.782.49$7,272
May 201903,03958.482.74$8,328
Apr 201902,95762.632.75$8,134
Mar 201903,12056.803.06$9,554
Feb 201902,86150.852.79$7,989
Jan 201903,50246.033.23$11,305
Dec 201803,71646.594.19$15,553
Nov 201803,63552.934.24$15,402
Oct 201803,71861.443.40$12,634
Sep 201803,74059.543.11$11,624
Aug 201803,78859.403.07$11,616
Jul 201803,84365.142.93$11,267
Jun 201803,75260.183.08$11,545
May 201803,91065.382.90$11,342
Apr 201803,82463.842.90$11,093
Mar 201804,48161.222.79$12,488
Feb 201804,15261.782.77$11,485
Jan 201804,45862.874.01$17,874
Dec 201704,56057.272.92$13,322
Nov 201704,41655.423.12$13,771
Oct 201704,50449.292.98$13,438
Sep 201704,65547.523.09$14,371
Aug 201704,75445.373.00$14,283
Jul 201704,56943.873.09$14,106
Jun 201704,46342.493.09$13,779
May 201704,48445.373.26$14,633
Apr 201704,45147.933.21$14,295
Mar 201704,69646.772.98$14,011
Feb 201704,42750.452.95$13,071
Jan 201704,82349.413.42$16,489
Dec 201604,81948.763.72$17,940
Nov 201604,70142.492.64$12,431
Oct 201605,10146.193.09$15,763
Sep 201604,97441.553.10$15,423
Aug 201605,13841.442.92$15,025
Jul 201605,15741.622.92$15,081
Jun 201605,03845.352.69$13,531
May 201605,32742.521.99$10,606
Apr 201605,13436.561.99$10,222
Mar 2016115,38133.011.79$10,017
Feb 201605,06026.472.06$10,442
Jan 201605,23327.352.36$12,373
Dec 201505,41232.362.00$10,832
Nov 201505,33338.792.17$11,558
Oct 201505,66543.552.43$13,747
Sep 201505,46242.992.76$15,066
Aug 201505,08440.162.87$14,604
Jul 201505,61348.152.95$16,531
Jun 201505,23856.152.88$15,100
May 201505,11155.212.96$15,105
Apr 201505,20049.822.71$14,074
Mar 201504,06442.892.93$11,927
Feb 201504,88144.662.98$14,527
Jan 201504,85743.433.10$15,060
Dec 201402,25154.693.59$8,084
Nov 201402,81970.464.25$11,986
Oct 201405,26078.303.90$20,519
Sep 201406,07686.164.05$24,580
Aug 201405,86789.394.04$23,674
Jul 201405,99896.564.18$25,069
Jun 201406,67398.164.74$31,609
May 201406,13794.734.73$29,007
Apr 201405,42295.944.81$26,075
Mar 201402,44895.895.06$12,379
Feb 201404,82897.406.19$29,895
Jan 201407,73690.404.86$37,603
Dec 201308,12791.824.35$35,389
Nov 201329,04688.853.74$33,994
Oct 2013788,63697.423.78$40,237
Sep 2013010,249104.113.72$38,103
Aug 2013011,548104.253.52$40,679
Jul 2013012,659102.523.72$47,063
Jun 2013014,58694.403.93$57,373
May 2013021,61594.834.15$89,682
Apr 2013017,77693.964.28$76,127
Mar 201302,23493.623.91$8,741
Feb 201304,35791.233.42$14,901
Jan 201307,47691.603.42$25,567
Dec 201207,79686.773.42$26,664
Nov 201207,53986.953.62$27,329
Oct 201217,83489.383.40$26,722
Sep 2012317,69994.672.92$25,404
Aug 201208,12792.662.91$23,635
Jul 201208,70985.133.02$26,308
Jun 201208,25479.822.52$20,792
May 201209,01891.612.49$22,440
Apr 201209,166101.652.00$18,303
Mar 201209,427105.052.22$20,948
Feb 201208,783101.102.57$22,574
Jan 201209,99798.092.73$27,333
Dec 2011010,60896.873.24$34,367
Nov 2011010,20995.723.31$33,805
Oct 2011010,62684.983.65$38,769
Sep 2011010,20883.623.99$40,687
Aug 2011010,97183.404.15$45,522
Jul 2011011,51594.144.52$52,016
Jun 2011011,38492.904.64$52,820
May 2011012,24198.134.40$53,919
Apr 2011011,597105.964.33$50,253
Mar 2011012,80296.364.06$51,942
Feb 2011011,52485.644.18$48,170
Jan 2011013,40486.504.59$61,508
Dec 2010014,14685.734.35$61,503
Nov 2010014,98280.843.80$56,862
Oct 2010016,12478.103.51$56,577
Sep 2010016,86072.633.98$67,094
Aug 2010019,28673.684.42$85,232
Jul 2010023,23772.554.74$110,062
Jun 20100170.364.91$5
May 201004,91271.124.24$20,803
Apr 201006,44281.694.12$26,558
Mar 201006,47978.394.39$28,434
Feb 201005,58373.585.44$30,385
Jan 201005,60574.365.96$33,429
Dec 200906,44071.445.48$35,315
Nov 200906,79074.593.75$25,473
Oct 200906,98672.544.11$28,714
Sep 200906,86565.543.06$21,040
Aug 200907,03467.423.22$22,639
Jul 200907,00961.133.46$24,283
Jun 200907,14966.163.90$27,845
May 200907,34954.743.93$28,850
Apr 200907,24146.773.59$25,977
Mar 200907,24442.144.06$29,403
Feb 200907,15032.814.63$33,126
Jan 200907,67635.865.37$41,228
Dec 200807,75837.105.98$46,371
Nov 200807,68155.496.86$52,694
Oct 200817,94475.246.92$55,063
Sep 200817,841101.767.88$61,866
Aug 200828,495114.228.48$72,292
Jul 200868,407131.0811.39$96,537
Jun 2008148,284131.3313.03$109,801
May 2008388,689123.1711.57$105,249
Apr 200808,571110.3110.45$89,609
Mar 200808,955101.909.66$86,542
Feb 200808,53792.538.77$74,874
Jan 200809,10590.388.21$74,713
Dec 200709,56788.337.30$69,858
Nov 200709,47591.677.29$69,089
Oct 200709,98182.856.92$69,088
Sep 2007010,02675.846.24$62,604
Aug 2007010,24169.066.39$65,419
Jul 2007010,67770.906.39$68,204
Jun 2007010,34862.007.55$78,111
May 2007010,53258.747.85$82,637
Apr 2007010,66759.617.81$83,258
Mar 2007010,82156.927.30$79,015
Feb 200709,82655.108.22$80,730
Jan 2007010,73050.306.73$72,179
Dec 2006010,67956.656.92$73,882
Nov 2006011,18154.207.62$85,171
Oct 2006011,89454.906.01$71,528
Sep 2006011,80560.085.04$59,464
Aug 2006012,28768.717.34$90,186
Jul 2006012,13969.376.34$76,995
Jun 2006011,78866.286.38$75,253
May 2006012,52866.016.42$80,492
Apr 2006012,77264.397.36$94,008
Mar 2006013,20656.707.08$93,537
Feb 2006010,10957.597.75$78,356
Jan 200614813,45060.598.93$129,120
Dec 2005014,31354.9413.42$192,015
Nov 2005013,25054.6910.59$140,296
Oct 2005015,12058.3413.80$208,592
Sep 2005014,85961.4512.08$179,482
Aug 2005015,67261.519.80$153,536
Jul 2005016,17455.697.84$126,863
Jun 2005016,19952.337.38$119,565
May 2005015,26345.226.65$101,517
Apr 2005016,21449.207.36$119,343
Mar 2005717,48750.377.15$125,470
Feb 200515116,39145.226.31$110,287
Jan 2005018,45743.166.32$116,689
Dec 2004019,42739.866.75$131,153
Nov 2004019,88145.286.33$125,855
Oct 2004021,24149.706.52$138,387
Sep 2004021,65643.245.28$114,428
Aug 2004024,10542.375.55$133,799
Jul 2004023,59538.286.08$143,556
Jun 2004024,17236.106.43$155,499
May 2004026,56937.486.49$172,555
Apr 2004026,82634.475.86$157,159
Mar 2004029,83134.365.53$164,970
Feb 2004029,58332.455.51$162,991
Jan 200416933,92532.036.30$219,128
Dec 2003037,56430.266.30$236,715
Nov 200317741,05628.804.60$193,756
Oct 2003033,83928.174.76$161,061
Sep 200317534,82126.314.75$169,982
Aug 2003038,28429.765.13$196,386
Jul 200317742,48229.415.17$224,873
Jun 200317943,18928.565.98$263,510
May 200335843,95526.595.97$272,048
Apr 200301,43126.675.41$7,738
Mar 20030031.146.10$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                2,050 Mcf  × $  3.05 =     $6,244

────────────────────────────────────────────────────
Month total                                   $6,244

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/195540 is the state's own key, not one this site invented.