STEPHENS, W.E.

Operated by BKM PRODUCTION (P-5 72533) in the SHERMAN (ORDOVICIAN 8,800) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 28674District 09Field 83162374OilCasinghead gasSaveExport
Value, all time
$6.3 M
Sep 1993 – May 2026
Value, last 12 filed months
$95 k
at the published price for each month
Months reported
393
no gaps in the span
Streams
2
oil, casinghead 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 3 leases and 3 wells, and the rule below applies to all of them.

Discovered
1955-09-18
as the register files it
Field class
Oil
the register's own label
Between wells
no field rule filed
From a lease line
no field rule filed

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
OilDisposition49,901 bbl$1,691,179
Casinghead gasProduction1,184,537 Mcf$4,637,727
Total$6,328,905

77,649 Mcf of this lease's gas, across 39 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 33.6966, -96.6732. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

33.69660, -96.67316 · 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
12,500 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 12,500 ft.

Completions filed
Sep 1997
1 of 1 wells

1 well

42-18130824312,500 ftSep 1997

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 (393)

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

393 months

May 2026431,395106.413.05$8,825
Apr 2026431,26098.932.87$7,870
Mar 2026431,30289.753.15$7,960
Feb 2026411,19663.503.75$7,089
Jan 2026551,11459.138.00$12,162
Dec 2025501,23856.664.41$8,297
Nov 2025461,27058.593.93$7,682
Oct 2025481,30659.383.30$7,166
Sep 2025461,27162.743.08$6,797
Aug 2025481,34963.933.01$7,136
Jul 2025461,34866.743.32$7,539
Jun 2025461,20366.483.13$6,822
May 2025431,09460.553.23$6,140
Apr 2025461,15762.363.54$6,968
Mar 2025531,28467.704.27$9,069
Feb 2025411,05570.884.34$7,486
Jan 2025451,22774.324.28$8,594
Dec 2024401,25468.993.12$6,674
Nov 20244285369.052.20$4,775
Oct 2024511,34371.372.28$6,704
Sep 2024431,35269.612.36$6,190
Aug 2024531,14775.632.06$6,375
Jul 2024481,26379.932.15$6,548
Jun 2024591,32678.082.63$8,099
May 2024551,30278.812.20$7,197
Apr 2024331,30884.451.66$4,957
Mar 2024421,28780.301.55$5,361
Feb 2024441,23376.091.78$5,547
Jan 2024481,17473.023.30$7,376
Dec 20234790271.262.61$5,704
Nov 2023461,17677.892.81$6,885
Oct 2023401,21485.443.09$7,166
Sep 2023501,28189.042.74$7,956
Aug 2023391,31980.522.67$6,666
Jul 2023451,28474.852.64$6,760
Jun 2023441,23668.962.26$5,826
May 2023401,28070.622.23$5,676
Apr 2023391,24978.122.24$5,842
Mar 2023481,29772.852.39$6,601
Feb 2023521,10675.112.47$6,633
Jan 2023401,28076.533.39$7,397
Dec 2022511,28776.415.73$11,270
Nov 2022491,22485.005.65$11,076
Oct 2022531,17487.185.86$11,505
Sep 2022471,16084.888.16$13,459
Aug 2022511,29094.529.13$16,595
Jul 2022561,206101.587.54$14,784
Jun 2022491,300115.097.98$16,010
May 2022481,135109.378.43$14,821
Apr 2022471,248104.226.84$13,432
Mar 2022481,435108.885.08$12,511
Feb 2022441,25891.054.86$10,119
Jan 2022511,24081.844.54$9,801
Dec 2021611,33971.323.90$9,571
Nov 2021551,28777.435.24$10,998
Oct 2021621,41179.795.71$13,009
Sep 2021541,34869.865.35$10,985
Aug 2021391,19966.024.22$7,635
Jul 2021511,45870.783.98$9,416
Jun 2021471,34369.493.38$7,806
May 2021571,37863.483.02$7,777
Apr 2021721,36060.362.76$8,097
Mar 2021661,49661.302.72$8,110
Feb 20213180757.805.55$6,269
Jan 2021581,22750.412.81$6,372
Dec 2020651,31444.642.68$6,417
Nov 2020611,29838.772.71$5,878
Oct 2020561,38136.972.48$5,493
Sep 2020551,35337.091.99$4,734
Aug 2020421,42139.982.39$5,068
Jul 2020581,42438.371.83$4,824
Jun 2020451,50434.901.69$4,113
May 2020621,67216.921.81$4,083
Apr 2020571,57914.751.80$3,690
Mar 2020361,06130.341.86$3,062
Feb 2020371,15749.881.98$4,137
Jan 2020541,51157.252.09$6,257
Dec 2019561,55259.012.30$6,881
Nov 2019551,52955.302.75$7,247
Oct 2019581,63753.472.42$7,060
Sep 2019571,62255.052.66$7,448
Aug 2019421,56053.112.30$5,825
Jul 2019461,57656.272.46$6,465
Jun 2019531,43152.782.49$6,362
May 2019611,42758.482.74$7,478
Apr 2019451,41162.632.75$6,700
Mar 2019531,60356.803.06$7,919
Feb 2019561,46550.852.79$6,938
Jan 2019631,66646.033.23$8,278
Dec 2018511,64146.594.19$9,244
Nov 2018711,65252.934.24$10,758
Oct 2018631,70361.443.40$9,658
Sep 2018591,67259.543.11$8,709
Aug 2018681,76459.403.07$9,449
Jul 2018751,82765.142.93$10,242
Jun 2018421,51960.183.08$7,201
May 2018481,54065.382.90$7,605
Apr 2018501,42663.842.90$7,329
Mar 2018541,51861.222.79$7,536
Feb 2018551,40161.782.77$7,273
Jan 2018301,25462.874.01$6,914
Dec 2017521,49857.272.92$7,354
Nov 2017481,51755.423.12$7,391
Oct 2017481,57049.292.98$7,050
Sep 2017341,50347.523.09$6,256
Aug 2017361,53745.373.00$6,251
Jul 2017341,56743.873.09$6,329
Jun 2017371,55642.493.09$6,376
May 2017421,62645.373.26$7,212
Apr 2017441,61447.933.21$7,292
Mar 2017211,50546.772.98$5,473
Feb 2017351,48450.452.95$6,147
Jan 2017551,75649.413.42$8,721
Dec 2016591,77048.763.72$9,466
Nov 2016581,78242.492.64$7,177
Oct 2016471,80246.193.09$7,740
Sep 2016401,73741.553.10$7,048
Aug 2016421,83441.442.92$7,104
Jul 2016521,61141.622.92$6,875
Jun 2016351,34445.352.69$5,197
May 2016481,47442.521.99$4,976
Apr 2016551,93136.561.99$5,856
Mar 2016681,62133.011.79$5,153
Feb 2016461,55626.472.06$4,429
Jan 2016601,59427.352.36$5,410
Dec 2015601,78532.362.00$5,514
Nov 2015541,70538.792.17$5,790
Oct 2015521,55943.552.43$6,048
Sep 2015591,54642.992.76$6,801
Aug 2015682,13640.162.87$8,867
Jul 2015921,87948.152.95$9,964
Jun 20151863256.152.88$2,833
May 2015551,34555.212.96$7,012
Apr 2015671,52449.822.71$7,463
Mar 2015561,49842.892.93$6,798
Feb 2015591,53844.662.98$7,212
Jan 2015401,46043.433.10$6,264
Dec 2014651,59354.693.59$9,276
Nov 2014602,24270.464.25$13,760
Oct 2014481,86478.303.90$11,030
Sep 2014591,96586.164.05$13,033
Aug 2014641,99989.394.04$13,787
Jul 2014701,87996.564.18$14,613
Jun 2014821,98398.164.74$17,442
May 2014902,16594.734.73$18,759
Apr 20141032,72995.944.81$23,006
Mar 2014622,76395.895.06$19,917
Feb 2014531,41897.406.19$13,942
Jan 2014652,62790.404.86$18,645
Dec 2013512,29191.824.35$14,659
Nov 2013592,53688.853.74$14,722
Oct 2013621,27597.423.78$10,859
Sep 2013601,101104.113.72$10,340
Aug 2013541,156104.253.52$9,702
Jul 2013581,881102.523.72$12,939
Jun 2013542,66094.403.93$15,560
May 2013592,15994.834.15$14,553
Apr 2013632,02693.964.28$14,596
Mar 2013741,86793.623.91$14,233
Feb 2013641,48891.233.42$10,928
Jan 2013501,42291.603.42$9,443
Dec 2012421,35786.773.42$8,286
Nov 2012431,62286.953.62$9,619
Oct 2012692,76189.383.40$15,554
Sep 2012853,56994.672.92$18,463
Aug 2012182,30792.662.91$8,377
Jul 2012612,71585.133.02$13,394
Jun 2012882,50279.822.52$13,327
May 2012371,51091.612.49$7,147
Apr 201241,746101.652.00$3,893
Mar 2012202,732105.052.22$8,172
Feb 2012831,831101.102.57$13,097
Jan 2012521,38598.092.73$8,887
Dec 2011511,74396.873.24$10,587
Nov 2011321,42295.723.31$7,772
Oct 2011331,53184.983.65$8,390
Sep 2011981,91583.623.99$15,828
Aug 2011421,42083.404.15$9,395
Jul 201171,36194.144.52$6,807
Jun 2011602,00192.904.64$14,858
May 2011802,20898.134.40$17,576
Apr 2011832,423105.964.33$19,294
Mar 20111172,72196.364.06$22,314
Feb 2011679185.644.18$3,820
Jan 2011451,85186.504.59$12,386
Dec 2010612,10585.734.35$14,382
Nov 2010542,20480.843.80$12,730
Oct 2010692,26178.103.51$13,323
Sep 2010572,51172.633.98$14,132
Aug 2010682,30473.684.42$15,192
Jul 2010512,44472.554.74$15,276
Jun 2010552,26170.364.91$14,972
May 2010892,13071.124.24$15,351
Apr 2010872,58281.694.12$17,752
Mar 2010912,65578.394.39$18,785
Feb 2010662,16973.585.44$16,661
Jan 2010722,24974.365.96$18,767
Dec 2009742,43271.445.48$18,623
Nov 2009642,20674.593.75$13,050
Oct 2009672,01772.544.11$13,151
Sep 2009582,45565.543.06$11,325
Aug 2009761,99167.423.22$11,532
Jul 2009722,08361.133.46$11,618
Jun 2009652,59866.163.90$14,420
May 2009782,54754.743.93$14,269
Apr 2009712,32246.773.59$11,651
Mar 2009752,33542.144.06$12,638
Feb 2009802,28532.814.63$13,211
Jan 2009772,45335.865.37$15,936
Dec 2008812,67437.105.98$18,988
Nov 2008773,09555.496.86$25,506
Oct 2008782,86775.246.92$25,714
Sep 2008752,822101.767.88$29,861
Aug 2008822,710114.228.48$32,355
Jul 2008712,609131.0811.39$39,022
Jun 2008672,470131.3313.03$40,990
May 2008792,689123.1711.57$40,854
Apr 2008742,940110.3110.45$38,900
Mar 2008763,672101.909.66$43,231
Feb 2008763,36792.538.77$36,563
Jan 2008803,42590.388.21$35,335
Dec 2007822,86888.337.30$28,185
Nov 2007793,60691.677.29$33,536
Oct 2007753,13782.856.92$27,928
Sep 2007703,35275.846.24$26,239
Aug 2007653,35769.066.39$25,933
Jul 2007763,63170.906.39$28,583
Jun 2007802,97062.007.55$27,379
May 2007983,38758.747.85$32,332
Apr 20071073,29059.617.81$32,057
Mar 2007412,69156.927.30$21,983
Feb 2007843,25855.108.22$31,396
Jan 20071074,04150.306.73$32,565
Dec 2006813,15356.656.92$26,402
Nov 2006853,30554.207.62$29,783
Oct 2006703,05954.906.01$22,239
Sep 2006573,05260.085.04$18,798
Aug 2006563,46668.717.34$29,288
Jul 2006633,51369.376.34$26,652
Jun 2006823,68366.286.38$28,947
May 2006813,51266.016.42$27,911
Apr 2006833,70864.397.36$32,637
Mar 2006783,80056.707.08$31,338
Feb 2006763,35157.597.75$30,351
Jan 20061104,18360.598.93$44,033
Dec 2005923,64154.9413.42$53,900
Nov 2005973,85454.6910.59$46,113
Oct 20051114,12158.3413.80$63,328
Sep 2005853,92961.4512.08$52,682
Aug 20051143,82961.519.80$44,524
Jul 2005863,46255.697.84$31,944
Jun 2005863,98352.337.38$33,899
May 2005894,34945.226.65$32,950
Apr 2005933,82649.207.36$32,737
Mar 2005823,77750.377.15$31,154
Feb 2005783,21345.226.31$23,807
Jan 2005763,40343.166.32$24,795
Dec 20041163,88639.866.75$30,858
Nov 20041023,89045.286.33$29,244
Oct 2004923,94249.706.52$30,255
Sep 2004863,95843.245.28$24,632
Aug 2004884,19642.375.55$27,019
Jul 20041044,00738.286.08$28,360
Jun 2004863,71436.106.43$26,997
May 20041004,27137.486.49$31,486
Apr 2004963,78234.475.86$25,466
Mar 20041003,66734.365.53$23,715
Feb 20041123,45232.455.51$22,654
Jan 20041194,19232.036.30$30,220
Dec 20031394,65630.266.30$33,547
Nov 20031304,17828.804.60$22,943
Oct 20031284,28628.174.76$24,006
Sep 2003894,11726.314.75$21,895
Aug 2003964,70229.765.13$26,977
Jul 20031114,48329.415.17$26,445
Jun 20031004,58528.565.98$30,288
May 20031224,93026.595.97$32,689
Apr 20031385,01926.675.41$30,820
Mar 20031845,48031.146.10$39,136
Feb 2003332,12733.487.93$17,963
Jan 200332,09930.315.58$11,808
Dec 2002323,65326.914.85$18,592
Nov 20021374,69224.664.14$22,789
Oct 20021244,84626.464.23$23,775
Sep 2002864,44327.443.64$18,511
Aug 20021224,91525.963.16$18,719
Jul 20021284,92024.583.06$18,210
Jun 20021274,94323.733.34$19,515
May 20021315,08724.663.58$21,462
Apr 20021394,42323.653.51$18,822
Mar 20021475,05022.003.10$18,903
Feb 20021434,37318.222.38$12,994
Jan 20021655,00817.172.38$14,730
Dec 20011445,01616.932.36$14,298
Nov 20011455,09718.072.41$14,881
Oct 20011625,43619.782.53$16,951
Sep 20011365,43124.262.25$15,526
Aug 20011325,77924.873.05$20,927
Jul 20011365,87323.933.20$22,031
Jun 20011275,74024.563.82$25,070
May 20011426,12725.524.31$30,015
Apr 20011466,06224.685.34$35,946
Mar 20011596,18924.545.38$37,177
Feb 20011365,76027.755.77$36,992
Jan 20011836,45127.478.40$59,207
Dec 20001456,67426.889.12$64,781
Nov 20001636,79932.215.66$43,719
Oct 20001487,31631.235.15$42,267
Sep 20001367,34831.875.19$42,445
Aug 20001427,73929.644.54$39,350
Jul 20001307,90628.534.09$36,042
Jun 20001217,85629.304.40$38,090
May 20001308,29527.263.68$34,067
Apr 20001548,29924.513.12$29,634
Mar 20001698,91128.422.86$30,286
Feb 20001688,34827.622.73$27,401
Jan 20001829,03225.272.48$27,003
Dec 19991759,31424.282.42$26,824
Nov 19991699,43623.192.43$26,886
Oct 199918210,00120.982.80$31,858
Sep 19991649,98121.752.62$29,706
Aug 199916910,48519.262.88$33,406
Jul 199918410,69517.892.37$28,664
Jun 199920110,45715.942.36$27,904
May 199921610,73815.792.32$28,334
Apr 199924010,53015.102.21$26,875
Mar 199928711,09412.471.84$23,973
Feb 19992809,6049.981.82$20,252
Jan 199941511,94610.381.90$27,005
Dec 19983829,1399.201.77$19,721
Nov 19981817,84610.892.19$19,120
Oct 199839510,64312.421.97$25,864
Sep 199844810,20412.592.08$26,891
Aug 199845010,22411.301.91$24,586
Jul 199851110,06211.742.24$28,511
Jun 19985539,66611.242.24$27,841
May 19986249,79712.622.21$29,490
Apr 19987339,09413.042.51$32,342
Mar 19987189,41612.802.31$30,936
Feb 19987398,85013.952.30$30,656
Jan 199885110,46214.702.15$35,053
Dec 199798110,44616.322.41$41,196
Nov 19979459,38518.193.09$46,173
Oct 19971,0147,74819.253.15$43,924
Sep 19976615,08217.742.95$26,743
Aug 19972181,43417.862.55$7,557
Jul 19972191,63517.582.25$7,524
Jun 19972071,27817.242.26$6,453
May 19972221,52418.972.31$7,729
Apr 19972381,55117.882.08$7,486
Mar 19972611,60718.951.94$8,062
Feb 19972401,52220.492.21$8,275
Jan 19972271,71223.483.54$11,390
Dec 19962631,90623.32$6,133
Nov 19962531,64221.97$5,558
Oct 19962752,09423.31$6,410
Sep 19962562,89422.22$5,688
Aug 19962563,30620.26$5,187
Jul 19962442,96719.55$4,770
Jun 19962582,04618.73$4,832
May 19962315,11419.43$4,488
Apr 19962693,09921.51$5,786
Mar 19962653,00819.38$5,136
Feb 19962512,66716.98$4,262
Jan 19962421,74817.07$4,131
Dec 19953061,34917.19$5,260
Nov 19952611,13716.00$4,176
Oct 19952911,48615.43$4,490
Sep 19952791,39816.18$4,514
Aug 19953071,81815.92$4,887
Jul 19953081,83315.24$4,694
Jun 19953211,69116.41$5,268
May 19952901,83517.56$5,092
Apr 19953061,42317.73$5,425
Mar 19953281,71916.44$5,392
Feb 19953061,63216.58$5,073
Jan 19953431,69715.92$5,461
Dec 19943221,69715.03$4,840
Nov 19943301,53115.90$5,247
Oct 199432397015.58$5,032
Sep 19943201,54315.29$4,893
Aug 19943281,80716.13$5,291
Jul 19943381,82917.56$5,935
Jun 19943231,85317.09$5,520
May 19943772,06015.88$5,987
Apr 19943702,01414.14$5,232
Mar 19943822,06412.46$4,760
Feb 199434012.50$425
Jan 19944261,95412.66$5,393
Dec 19934821,94412.33$5,943
Nov 19935112,03414.49$7,404
Oct 19935041,58715.85$7,988
Sep 19934451,25315.03$6,688

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
Oil                   43 bbl  × $106.41 =     $4,576
Casinghead gas     1,395 Mcf  × $  3.05 =     $4,249

────────────────────────────────────────────────────
Month total                                   $8,825

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/O/28674 is the state's own key, not one this site invented.