SHEPARD, B. J.

Operated by ANTLE OPERATING, INC. (P-5 26646) in the YOUNG COUNTY REGULAR (GAS) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 87188District 09Field 99480498NGPA filingCondensateGasSaveExport
Value, all time
$695 k
Jan 1993 – May 2026
Value, last 12 filed months
$9 k
at the published price for each month
Months reported
401
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 362 leases and 362 wells, and the rule below applies to all of them.

Discovered
1939-02-26
as the register files it
Field class
Gas
the register's own label
Between wells
no field rule filed
From a lease line
no field rule filed

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
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
CondensateDisposition1,233 bbl$61,767
GasProduction156,380 Mcf$633,095
Total$694,861

23,680 Mcf of this lease's gas, across 48 months, carries no value here. No free Texas wellhead gas price exists before 1997, so those months are left out of the total rather than valued at zero. The total above is therefore a floor, not an estimate.

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 33.2237, -98.5190. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

33.22367, -98.51900 · 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
4,570 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 4,570 ft.

Completions filed
Dec 1980
1 of 1 wells

1 well

42-5033353624,570 ftDec 1980

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 (401)

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

401 months

May 20260207106.413.05$630
Apr 2026020298.932.87$580
Mar 2026020989.753.15$658
Feb 2026018763.503.75$701
Jan 2026020759.138.00$1,656
Dec 2025020856.664.41$918
Nov 2025020558.593.93$805
Oct 2025021559.383.30$711
Sep 2025021162.743.08$649
Aug 2025022163.933.01$666
Jul 2025022366.743.32$739
Jun 2025021566.483.13$673
May 2025021960.553.23$708
Apr 2025021462.363.54$758
Mar 2025022067.704.27$939
Feb 2025019870.884.34$859
Jan 2025021474.324.28$916
Dec 2024023168.993.12$721
Nov 2024021269.052.20$466
Oct 2024024871.372.28$566
Sep 2024025469.612.36$601
Aug 2024027175.632.06$559
Jul 2024026779.932.15$573
Jun 2024025478.082.63$669
May 2024022378.812.20$490
Apr 202414625084.451.66$12,745
Mar 2024018180.301.55$280
Feb 2024022676.091.78$403
Jan 2024022273.023.30$732
Dec 2023026771.262.61$697
Nov 2023021677.892.81$606
Oct 2023027685.443.09$852
Sep 2023325489.042.74$962
Aug 2023021480.522.67$572
Jul 2023020974.852.64$552
Jun 202307368.962.26$165
May 2023014170.622.23$314
Apr 2023026778.122.24$597
Mar 2023027772.852.39$663
Feb 2023020075.112.47$493
Jan 2023027776.533.39$938
Dec 2022021276.415.73$1,215
Nov 2022027185.005.65$1,530
Oct 2022020287.185.86$1,184
Sep 2022025784.888.16$2,098
Aug 2022027894.529.13$2,537
Jul 20220250101.587.54$1,886
Jun 2022132226115.097.98$16,995
May 20220321109.378.43$2,707
Apr 20220307104.226.84$2,099
Mar 20221320108.885.08$1,733
Feb 2022028791.054.86$1,394
Jan 2022032981.844.54$1,493
Dec 2021134071.323.90$1,397
Nov 2021030277.435.24$1,582
Oct 2021032679.795.71$1,863
Sep 2021030469.865.35$1,627
Aug 2021034066.024.22$1,435
Jul 2021033370.783.98$1,326
Jun 2021028869.493.38$974
May 2021032063.483.02$966
Apr 2021129560.362.76$874
Mar 2021027261.302.72$739
Feb 2021029457.805.55$1,631
Jan 2021037250.412.81$1,045
Dec 2020036344.642.68$971
Nov 2020035938.772.71$972
Oct 2020036736.972.48$910
Sep 2020036037.091.99$717
Aug 2020227239.982.39$729
Jul 2020010138.371.83$184
Jun 2020024534.901.69$414
May 2020025616.921.81$465
Apr 2020025114.751.80$453
Mar 2020126130.341.86$515
Feb 2020024849.881.98$491
Jan 2020026857.252.09$561
Dec 2019127159.012.30$683
Nov 2019027055.302.75$743
Oct 2019028753.472.42$694
Sep 2019028155.052.66$747
Aug 2019029553.112.30$680
Jul 2019130456.272.46$804
Jun 2019127452.782.49$735
May 2019038558.482.74$1,055
Apr 2019036662.632.75$1,007
Mar 2019332156.803.06$1,153
Feb 2019028150.852.79$785
Jan 2019035146.033.23$1,133
Dec 2018041046.594.19$1,716
Nov 2018031652.934.24$1,339
Oct 2018050561.443.40$1,716
Sep 2018053259.543.11$1,653
Aug 2018061659.403.07$1,889
Jul 2018022465.142.93$657
Jun 2018058760.183.08$1,806
May 2018059165.382.90$1,714
Apr 2018050663.842.90$1,468
Mar 201814421661.222.79$9,418
Feb 2018025661.782.77$708
Jan 2018028762.874.01$1,151
Dec 2017029057.272.92$847
Nov 2017030155.423.12$939
Oct 2017031649.292.98$943
Sep 2017031847.523.09$982
Aug 2017033945.373.00$1,018
Jul 2017036543.873.09$1,127
Jun 2017035742.493.09$1,102
May 2017041945.373.26$1,367
Apr 2017030947.933.21$992
Mar 2017016846.772.98$501
Feb 2017012450.452.95$366
Jan 2017020449.413.42$697
Dec 2016015648.763.72$581
Nov 2016023642.492.64$624
Oct 2016033246.193.09$1,026
Sep 2016028741.553.10$890
Aug 2016016141.442.92$471
Jul 2016030641.622.92$895
Jun 2016023345.352.69$626
May 2016027042.521.99$538
Apr 2016035536.561.99$707
Mar 2016037333.011.79$669
Feb 2016020026.472.06$413
Jan 2016031727.352.36$750
Dec 2015030432.362.00$608
Nov 2015036238.792.17$785
Oct 2015017043.552.43$413
Sep 2015021942.992.76$604
Aug 2015034840.162.87$1,000
Jul 2015034548.152.95$1,016
Jun 2015031556.152.88$908
May 2015039055.212.96$1,153
Apr 2015137649.822.71$1,067
Mar 2015040542.892.93$1,189
Feb 2015037744.662.98$1,122
Jan 2015041943.433.10$1,299
Dec 2014039654.693.59$1,422
Nov 2014017370.464.25$736
Oct 2014896778.303.90$7,230
Sep 2014021086.164.05$850
Aug 2014029489.394.04$1,186
Jul 2014033696.564.18$1,404
Jun 2014032098.164.74$1,516
May 2014036094.734.73$1,702
Apr 2014029095.944.81$1,395
Mar 2014039395.895.06$1,987
Feb 2014030997.406.19$1,913
Jan 2014042190.404.86$2,046
Dec 2013033791.824.35$1,467
Nov 2013036188.853.74$1,350
Oct 2013040597.423.78$1,531
Sep 20130332104.113.72$1,234
Aug 20130318104.253.52$1,120
Jul 20130310102.523.72$1,153
Jun 2013025294.403.93$991
May 2013042894.834.15$1,776
Apr 2013028893.964.28$1,233
Mar 2013034193.623.91$1,334
Feb 2013037891.233.42$1,293
Jan 2013028691.603.42$978
Dec 2012027386.773.42$934
Nov 201206286.953.62$225
Oct 201207089.383.40$238
Sep 2012027494.672.92$800
Aug 2012026292.662.91$762
Jul 2012033585.133.02$1,012
Jun 2012139779.822.52$1,080
May 2012037191.612.49$923
Apr 20120357101.652.00$713
Mar 20120357105.052.22$793
Feb 20121164101.102.57$523
Jan 2012024898.092.73$678
Dec 2011034896.873.24$1,127
Nov 2011146695.723.31$1,639
Oct 2011044684.983.65$1,627
Sep 2011029883.623.99$1,188
Aug 2011027983.404.15$1,158
Jul 2011042394.144.52$1,911
Jun 201104292.904.64$195
May 2011023398.134.40$1,026
Apr 20110301105.964.33$1,304
Mar 2011021396.364.06$864
Feb 2011015485.644.18$644
Jan 2011014986.504.59$684
Dec 2010024885.734.35$1,078
Nov 2010027680.843.80$1,048
Oct 2010035078.103.51$1,228
Sep 2010028372.633.98$1,126
Aug 201007973.684.42$349
Jul 201009372.554.74$440
Jun 201009470.364.91$462
May 201009971.124.24$419
Apr 2010017981.694.12$738
Mar 2010056178.394.39$2,462
Feb 2010036373.585.44$1,976
Jan 2010053874.365.96$3,209
Dec 2009062471.445.48$3,422
Nov 2009061474.593.75$2,303
Oct 2009029472.544.11$1,208
Sep 2009058065.543.06$1,778
Aug 2009065167.423.22$2,095
Jul 2009048261.133.46$1,670
Jun 2009043466.163.90$1,690
May 2009064154.743.93$2,516
Apr 2009063846.773.59$2,289
Mar 2009057542.144.06$2,334
Feb 2009046832.814.63$2,168
Jan 2009038135.865.37$2,046
Dec 20086650637.105.98$5,473
Nov 2008048255.496.86$3,307
Oct 2008047775.246.92$3,302
Sep 20080479101.767.88$3,773
Aug 20080522114.228.48$4,428
Jul 20080543131.0811.39$6,184
Jun 20080553131.3313.03$7,207
May 20080498123.1711.57$5,764
Apr 20080415110.3110.45$4,339
Mar 20080554101.909.66$5,354
Feb 2008049192.538.77$4,306
Jan 2008035290.388.21$2,888
Dec 2007025788.337.30$1,877
Nov 2007051491.677.29$3,748
Oct 2007048382.856.92$3,343
Sep 2007043675.846.24$2,722
Aug 2007057869.066.39$3,692
Jul 2007049070.906.39$3,130
Jun 2007033862.007.55$2,551
May 2007054658.747.85$4,284
Apr 2007046559.617.81$3,629
Mar 2007036356.927.30$2,651
Feb 2007041355.108.22$3,393
Jan 2007034650.306.73$2,327
Dec 2006059756.656.92$4,130
Nov 2006049154.207.62$3,740
Oct 2006051654.906.01$3,103
Sep 2006057660.085.04$2,901
Aug 2006040168.717.34$2,943
Jul 2006047569.376.34$3,013
Jun 2006056566.286.38$3,607
May 2006059666.016.42$3,829
Apr 2006045364.397.36$3,334
Mar 2006051356.707.08$3,634
Feb 2006058357.597.75$4,519
Jan 2006068860.598.93$6,146
Dec 2005056954.9413.42$7,633
Nov 2005049454.6910.59$5,231
Oct 200502,23358.3413.80$30,806
Sep 2005016661.4512.08$2,005
Aug 2005026661.519.80$2,606
Jul 200501,06155.697.84$8,322
Jun 2005098652.337.38$7,278
May 2005094745.226.65$6,299
Apr 2005094649.207.36$6,963
Mar 200501,16650.377.15$8,343
Feb 200501,07745.226.31$6,798
Jan 20051441,21543.166.32$13,897
Dec 200401,38839.866.75$9,371
Nov 200401,16745.286.33$7,388
Oct 200401,30849.706.52$8,522
Sep 200401,24243.245.28$6,563
Aug 200401,31942.375.55$7,321
Jul 200401,45638.286.08$8,859
Jun 200401,28736.106.43$8,279
May 2004079737.486.49$5,176
Apr 200401,16034.475.86$6,796
Mar 2004076534.365.53$4,231
Feb 2004016232.455.51$893
Jan 2004014132.036.30$888
Dec 2003011930.266.30$750
Nov 2003037728.804.60$1,732
Oct 2003038728.174.76$1,842
Sep 2003039926.314.75$1,895
Aug 2003042529.765.13$2,180
Jul 2003044829.415.17$2,317
Jun 2003037228.565.98$2,226
May 2003032226.595.97$1,923
Apr 2003026526.675.41$1,433
Mar 2003030531.146.10$1,859
Feb 2003031933.487.93$2,528
Jan 2003029230.315.58$1,630
Dec 2002040126.914.85$1,946
Nov 2002034624.664.14$1,431
Oct 2002026026.464.23$1,100
Sep 2002033427.443.64$1,214
Aug 2002032425.963.16$1,025
Jul 2002035524.583.06$1,087
Jun 2002036323.733.34$1,212
May 2002025624.663.58$918
Apr 2002027723.653.51$973
Mar 2002032422.003.10$1,005
Feb 2002034218.222.38$812
Jan 2002040517.172.38$962
Dec 2001037316.932.36$882
Nov 2001028718.072.41$690
Oct 2001029319.782.53$741
Sep 2001037224.262.25$837
Aug 2001032224.873.05$983
Jul 2001031523.933.20$1,007
Jun 2001031324.563.82$1,197
May 2001029525.524.31$1,271
Apr 2001032024.685.34$1,707
Mar 2001030624.545.38$1,645
Feb 2001026427.755.77$1,523
Jan 2001036427.478.40$3,057
Dec 2000035626.889.12$3,248
Nov 2000038732.215.66$2,190
Oct 2000035631.235.15$1,832
Sep 20005731531.875.19$3,450
Aug 2000037429.644.54$1,698
Jul 2000033528.534.09$1,370
Jun 2000028929.304.40$1,271
May 2000034127.263.68$1,255
Apr 2000036724.513.12$1,144
Mar 2000037928.422.86$1,084
Feb 2000038127.622.73$1,039
Jan 2000040025.272.48$992
Dec 1999043224.282.42$1,047
Nov 1999034923.192.43$849
Oct 1999036520.982.80$1,023
Sep 19993835721.752.62$1,761
Aug 1999031019.262.88$891
Jul 1999030617.892.37$726
Jun 1999033115.942.36$782
May 1999033715.792.32$782
Apr 1999034115.102.21$753
Mar 1999037412.471.84$688
Feb 199902269.981.82$411
Jan 19993629710.381.90$938
Dec 199803189.201.77$564
Nov 1998035410.892.19$774
Oct 1998039512.421.97$778
Sep 1998037912.592.08$789
Aug 1998040711.301.91$776
Jul 1998040111.742.24$897
Jun 19989934611.242.24$1,887
May 1998030812.622.21$680
Apr 1998030313.042.51$759
Mar 1998037912.802.31$875
Feb 1998033713.952.30$775
Jan 1998046914.702.15$1,011
Dec 1997039916.322.41$962
Nov 1997035518.193.09$1,096
Oct 1997042919.253.15$1,351
Sep 1997039817.742.95$1,176
Aug 1997037717.862.55$963
Jul 1997038317.582.25$861
Jun 1997032017.242.26$722
May 1997035318.972.31$815
Apr 1997048317.882.08$1,006
Mar 1997034418.951.94$667
Feb 1997033520.492.21$739
Jan 1997045723.483.54$1,618
Dec 1996035123.32$0
Nov 19964043721.97$879
Oct 1996049723.31$0
Sep 1996043122.22$0
Aug 1996050220.26$0
Jul 1996038919.55$0
Jun 1996035518.73$0
May 1996046719.43$0
Apr 1996038621.51$0
Mar 19963347419.38$640
Feb 1996042316.98$0
Jan 1996038517.07$0
Dec 1995040317.19$0
Nov 1995053316.00$0
Oct 1995044615.43$0
Sep 1995047716.18$0
Aug 19952852115.92$446
Jul 1995043615.24$0
Jun 1995054516.41$0
May 1995055417.56$0
Apr 1995050017.73$0
Mar 1995054616.44$0
Feb 1995044816.58$0
Jan 19954350315.92$685
Dec 1994046415.03$0
Nov 1994042715.90$0
Oct 1994045515.58$0
Sep 1994043215.29$0
Aug 1994044516.13$0
Jul 19941151717.56$193
Jun 1994063117.09$0
May 1994047115.88$0
Apr 19949648614.14$1,357
Mar 1994055712.46$0
Feb 1994051612.50$0
Jan 1994048512.66$0
Dec 1993061712.33$0
Nov 1993050914.49$0
Oct 1993050915.85$0
Sep 1993053315.03$0
Aug 1993052515.66$0
Jul 19931255115.46$186
Jun 1993052216.79$0
May 1993054517.68$0
Apr 1993072518.05$0
Mar 1993058318.14$0
Feb 1993059117.90$0
Jan 1993057516.93$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                  207 Mcf  × $  3.05 =       $630

────────────────────────────────────────────────────
Month total                                     $630

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/87188 is the state's own key, not one this site invented.