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 224536District 09Field 652802002 tax incentive programmesCondensateGasSaveExport
Value, all time
$4.5 M
Jul 2006 – May 2026
Value, last 12 filed months
$68 k
at the published price for each month
Months reported
239
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 Gas112007-04-03174132
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
CondensateDisposition108 bbl$10,468
GasProduction950,467 Mcf$4,529,468
Total$4,539,936

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 33.0846, -97.5525. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

33.08463, -97.55252 · 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
7,460 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 7,460 ft.

Completions filed
Jul 2006
1 of 1 wells

1 well

42-4973596847,460 ftJul 2006

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 (239)

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

239 months

May 202602,214106.413.05$6,743
Apr 202602,13098.932.87$6,113
Mar 202602,30289.753.15$7,250
Feb 202602,22363.503.75$8,337
Jan 202602,73759.138.00$21,890
Dec 202501,85856.664.41$8,200
Nov 2025066458.593.93$2,607
Oct 2025087459.383.30$2,888
Sep 2025028662.743.08$880
Aug 2025037463.933.01$1,128
Jul 2025022266.743.32$736
Jun 2025041466.483.13$1,295
May 2025058760.553.23$1,897
Apr 2025073062.363.54$2,586
Mar 2025061067.704.27$2,604
Feb 2025065070.884.34$2,822
Jan 2025057374.324.28$2,452
Dec 2024053868.993.12$1,679
Nov 2024044169.052.20$970
Oct 2024070371.372.28$1,604
Sep 2024068869.612.36$1,627
Aug 2024072375.632.06$1,492
Jul 2024065379.932.15$1,402
Jun 2024066878.082.63$1,760
May 2024071178.812.20$1,563
Apr 2024070384.451.66$1,166
Mar 2024071780.301.55$1,108
Feb 2024067976.091.78$1,211
Jan 2024075073.023.30$2,473
Dec 2023077671.262.61$2,026
Nov 2023062977.892.81$1,766
Oct 2023067685.443.09$2,087
Sep 2023066189.042.74$1,808
Aug 2023066680.522.67$1,780
Jul 2023062174.852.64$1,641
Jun 2023068868.962.26$1,554
May 2023064270.622.23$1,430
Apr 2023066078.122.24$1,477
Mar 2023071772.852.39$1,716
Feb 2023065175.112.47$1,605
Jan 2023073076.533.39$2,473
Dec 2022079576.415.73$4,555
Nov 2022076085.005.65$4,291
Oct 2022087887.185.86$5,148
Sep 2022089784.888.16$7,323
Aug 2022093494.529.13$8,525
Jul 202201,038101.587.54$7,829
Jun 202201,112115.097.98$8,871
May 202201,324109.378.43$11,165
Apr 202201,557104.226.84$10,646
Mar 202201,641108.885.08$8,330
Feb 202201,80291.054.86$8,756
Jan 202202,15681.844.54$9,783
Dec 202102,15071.323.90$8,383
Nov 202102,14977.435.24$11,254
Oct 202102,18579.795.71$12,485
Sep 202101,99069.865.35$10,648
Aug 202101,93466.024.22$8,163
Jul 202101,78970.783.98$7,124
Jun 202101,78869.493.38$6,045
May 202101,82563.483.02$5,507
Apr 202101,74360.362.76$4,808
Mar 202102,03161.302.72$5,518
Feb 202101,86857.805.55$10,364
Jan 202102,11950.412.81$5,955
Dec 202002,11944.642.68$5,669
Nov 202002,06938.772.71$5,600
Oct 202002,10736.972.48$5,222
Sep 202002,04237.091.99$4,066
Aug 202002,12539.982.39$5,068
Jul 202002,12738.371.83$3,882
Jun 202002,09234.901.69$3,536
May 202002,17116.921.81$3,940
Apr 202002,17814.751.80$3,930
Mar 202002,29330.341.86$4,256
Feb 202002,17249.881.98$4,302
Jan 202002,24957.252.09$4,711
Dec 201902,22659.012.30$5,130
Nov 201902,19255.302.75$6,030
Oct 201902,20253.472.42$5,326
Sep 201902,15755.052.66$5,732
Aug 201902,32653.112.30$5,360
Jul 201902,34456.272.46$5,766
Jun 201902,26652.782.49$5,645
May 201902,23858.482.74$6,133
Apr 201902,19362.632.75$6,032
Mar 201902,32656.803.06$7,122
Feb 201902,16550.852.79$6,045
Jan 201902,43446.033.23$7,857
Dec 201802,44546.594.19$10,233
Nov 201802,29652.934.24$9,729
Oct 201802,37961.443.40$8,084
Sep 201802,61159.543.11$8,115
Aug 201802,70359.403.07$8,289
Jul 201802,75465.142.93$8,074
Jun 201802,67660.183.08$8,234
May 201802,81465.382.90$8,163
Apr 201802,72963.842.90$7,916
Mar 201802,84461.222.79$7,926
Feb 201802,55361.782.77$7,062
Jan 201802,83662.874.01$11,370
Dec 201702,88657.272.92$8,432
Nov 201702,88555.423.12$8,996
Oct 201703,05049.292.98$9,100
Sep 201703,16447.523.09$9,768
Aug 201703,38145.373.00$10,158
Jul 201703,13643.873.09$9,682
Jun 201703,16442.493.09$9,768
May 201703,30245.373.26$10,776
Apr 201703,28647.933.21$10,553
Mar 201703,40846.772.98$10,168
Feb 201703,09350.452.95$9,132
Jan 201703,45949.413.42$11,826
Dec 201603,51848.763.72$13,097
Nov 201603,48642.492.64$9,218
Oct 201603,67446.193.09$11,354
Sep 201603,58941.553.10$11,128
Aug 201603,43041.442.92$10,030
Jul 201603,41141.622.92$9,975
Jun 201603,19645.352.69$8,584
May 201603,51542.521.99$6,999
Apr 201603,23336.561.99$6,437
Mar 201603,53133.011.79$6,335
Feb 201603,40126.472.06$7,018
Jan 201603,90327.352.36$9,228
Dec 2015113,91432.362.00$8,189
Nov 201504,01138.792.17$8,693
Oct 201504,21643.552.43$10,230
Sep 201503,81842.992.76$10,532
Aug 201504,08340.162.87$11,728
Jul 201503,48148.152.95$10,252
Jun 201503,54556.152.88$10,220
May 201503,94055.212.96$11,644
Apr 201503,76749.822.71$10,196
Mar 201503,75942.892.93$11,032
Feb 201503,78944.662.98$11,277
Jan 201504,09843.433.10$12,706
Dec 201404,24454.693.59$15,242
Nov 201404,40270.464.25$18,717
Oct 201404,50278.303.90$17,562
Sep 201404,40386.164.05$17,812
Aug 201404,17489.394.04$16,843
Jul 201404,21896.564.18$17,630
Jun 201404,10298.164.74$19,431
May 201404,32894.734.73$20,457
Apr 201404,14395.944.81$19,924
Mar 201404,54495.895.06$22,978
Feb 201404,66697.406.19$28,892
Jan 201404,91190.404.86$23,871
Dec 201305,50691.824.35$23,976
Nov 201304,97188.853.74$18,583
Oct 201304,66897.423.78$17,642
Sep 201304,926104.113.72$18,314
Aug 201305,181104.253.52$18,251
Jul 201305,185102.523.72$19,276
Jun 201305,08894.403.93$20,013
May 201305,27094.834.15$21,866
Apr 201306,53393.964.28$27,978
Mar 201304,46793.623.91$17,479
Feb 201304,79791.233.42$16,405
Jan 201305,27591.603.42$18,040
Dec 201205,51186.773.42$18,849
Nov 201205,40086.953.62$19,575
Oct 201205,71989.383.40$19,443
Sep 201205,63794.672.92$16,451
Aug 201206,07292.662.91$17,658
Jul 201206,31585.133.02$19,076
Jun 201205,96579.822.52$15,026
May 201206,76091.612.49$16,821
Apr 201206,975101.652.00$13,928
Mar 201207,574105.052.22$16,830
Feb 201207,241101.102.57$18,611
Jan 201208,42398.092.73$23,029
Dec 201109,25096.873.24$29,968
Nov 201109,62395.723.31$31,864
Oct 2011010,80584.983.65$39,422
Sep 2011011,80783.623.99$47,060
Aug 2011012,78583.404.15$53,049
Jul 201101,38294.144.52$6,243
Jun 201103,25892.904.64$15,117
May 201103,42198.134.40$15,069
Apr 201103,306105.964.33$14,326
Mar 201103,65796.364.06$14,838
Feb 201103,24485.644.18$13,560
Jan 201103,74886.504.59$17,199
Dec 201003,87685.734.35$16,852
Nov 201004,04280.843.80$15,341
Oct 201003,11778.103.51$10,937
Sep 201003,48272.633.98$13,857
Aug 201003,69073.684.42$16,307
Jul 201003,84972.554.74$18,231
Jun 201003,74070.364.91$18,365
May 201003,76471.124.24$15,941
Apr 201003,89981.694.12$16,074
Mar 201003,77778.394.39$16,576
Feb 201003,15673.585.44$17,176
Jan 201004,08174.365.96$24,339
Dec 200903,52571.445.48$19,330
Nov 200904,14174.593.75$15,535
Oct 200904,37872.544.11$17,995
Sep 200904,38765.543.06$13,445
Aug 200904,41767.423.22$14,216
Jul 200904,48261.133.46$15,528
Jun 200904,85166.163.90$18,895
May 200903,66454.743.93$14,384
Apr 200904,59646.773.59$16,488
Mar 200904,98042.144.06$20,214
Feb 200904,65332.814.63$21,557
Jan 200905,51535.865.37$29,621
Dec 200805,49737.105.98$32,856
Nov 200805,38255.496.86$36,922
Oct 200805,76575.246.92$39,905
Sep 200805,659101.767.88$44,576
Aug 200816,187114.228.48$52,599
Jul 200816,240131.0811.39$71,201
Jun 200826,162131.3313.03$80,570
May 200866,535123.1711.57$76,377
Apr 200806,645110.3110.45$69,473
Mar 2008876,892101.909.66$75,470
Feb 200806,70792.538.77$58,824
Jan 200807,39990.388.21$60,714
Dec 200707,75388.337.30$56,612
Nov 200708,05091.677.29$58,698
Oct 200708,05082.856.92$55,722
Sep 200708,62375.846.24$53,843
Aug 200709,19569.066.39$58,737
Jul 200709,85970.906.39$62,979
Jun 200709,80662.007.55$74,020
May 2007010,03158.747.85$78,706
Apr 2007010,44159.617.81$81,494
Mar 2007011,37356.927.30$83,045
Feb 2007010,65455.108.22$87,533
Jan 2007011,74250.306.73$78,987
Dec 2006013,71956.656.92$94,914
Nov 2006014,18754.207.62$108,069
Oct 2006016,47254.906.01$99,059
Sep 2006018,22160.085.04$91,783
Aug 2006023,09268.717.34$169,493
Jul 2006022,70669.376.34$144,019

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                2,214 Mcf  × $  3.05 =     $6,743

────────────────────────────────────────────────────
Month total                                   $6,743

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/224536 is the state's own key, not one this site invented.