SHEPARD

Operated by STEWART CONSTRUCTION (P-5 820794) in the KERLYN-LOVING field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 7921District 09Field 49024001OilCasinghead gasSaveExport
Value, all time
$1.8 M
Jan 1993 – May 2026
Value, last 12 filed months
$34 k
at the published price for each month
Months reported
401
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 8 wells, and the rule below applies to all of them.

Discovered
1940-11-24
as the register files it
Field class
Oil
the register's own label
Between wells
660 ft
minimum
From a lease line
330 ft
minimum

A drilling unit in this field needs at least 25 acres.

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
OilDisposition37,963 bbl$1,798,834
Casinghead gasProduction457 Mcf$378
Total$1,799,212

337 Mcf of this lease's gas, across 21 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 (5)

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 33.2233, -98.5008. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.5 miles.

33.22288, -98.50100 · 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
40.0%
2 of 5 wells
With a plug date
40.0%
2 of 5 wells
Median depth
3,101 ft
4 wells filed one
Completion to plug
33.8 years
median over 1 well

What the state filed about each well

On the RRC proration schedule
240.0%
A plug date is filed
240.0%
BothOn the schedule and plugged. Neither fact cancels the other.
240.0%
NeitherNo plug date, and not on the schedule.
360.0%

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

Between 2,935 and 4,692 ft, median 3,101 ft, over the 4 wells that filed a depth.

Completions filed
Nov 1976 – Dec 1994
4 of 5 wells; 1 filed none
Plug dates filed
Sep 2010 – Jun 2022
2 of 5 wells; 3 filed none

Last completion to plug: a median of 33.8 years across the 1 well that filed both dates, with the middle half between 33.8 years and 33.8 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

5 wells

42-5038232812,935 ftJun 2022Yes
42-5033986052,999 ftDec 1994
42-5033185034,692 ftJan 1977
42-503318514Jan 1977
42-5033184123,202 ftNov 1976Sep 2010Yes

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 2026520106.413.05$5,533
Apr 202662098.932.87$6,134
Mar 202650089.753.15$4,488
Feb 2026113063.503.75$7,176
Jan 20260059.138.00$0
Dec 20250056.664.41$0
Nov 202577058.593.93$4,511
Oct 20250059.383.30$0
Sep 2025101062.743.08$6,337
Aug 20250063.933.01$0
Jul 20250066.743.32$0
Jun 20250066.483.13$0
May 202555060.553.23$3,330
Apr 20250062.363.54$0
Mar 202598067.704.27$6,635
Feb 20250070.884.34$0
Jan 2025106074.324.28$7,878
Dec 20240068.993.12$0
Nov 202497069.052.20$6,698
Oct 202442071.372.28$2,998
Sep 2024113069.612.36$7,866
Aug 20240075.632.06$0
Jul 202496079.932.15$7,673
Jun 20240078.082.63$0
May 2024106078.812.20$8,354
Apr 20240084.451.66$0
Mar 2024171080.301.55$13,731
Feb 20240076.091.78$0
Jan 2024145073.023.30$10,588
Dec 20230071.262.61$0
Nov 2023148077.892.81$11,528
Oct 20230085.443.09$0
Sep 202383089.042.74$7,390
Aug 2023123080.522.67$9,904
Jul 2023173074.852.64$12,949
Jun 202382068.962.26$5,655
May 20230070.622.23$0
Apr 2023179078.122.24$13,983
Mar 20230072.852.39$0
Feb 20230075.112.47$0
Jan 20230076.533.39$0
Dec 202295076.415.73$7,259
Nov 20220085.005.65$0
Oct 2022112087.185.86$9,764
Sep 2022182084.888.16$15,448
Aug 20220094.529.13$0
Jul 202200101.587.54$0
Jun 20221640115.097.98$18,875
May 202200109.378.43$0
Apr 20221420104.226.84$14,799
Mar 202200108.885.08$0
Feb 2022101091.054.86$9,196
Jan 20220081.844.54$0
Dec 2021111071.323.90$7,917
Nov 20210077.435.24$0
Oct 2021100079.795.71$7,979
Sep 20210069.865.35$0
Aug 2021115066.024.22$7,592
Jul 20210070.783.98$0
Jun 202150069.493.38$3,475
May 20210063.483.02$0
Apr 202189060.362.76$5,372
Mar 20210061.302.72$0
Feb 2021102057.805.55$5,896
Jan 20210050.412.81$0
Dec 202082044.642.68$3,660
Nov 2020114038.772.71$4,420
Oct 20200036.972.48$0
Sep 2020103037.091.99$3,820
Aug 2020113039.982.39$4,518
Jul 20200038.371.83$0
Jun 2020117034.901.69$4,083
May 20200016.921.81$0
Apr 2020119014.751.80$1,755
Mar 20200030.341.86$0
Feb 2020115049.881.98$5,736
Jan 20200057.252.09$0
Dec 20190059.012.30$0
Nov 2019113055.302.75$6,249
Oct 20190053.472.42$0
Sep 201998055.052.66$5,395
Aug 20190053.112.30$0
Jul 201998056.272.46$5,514
Jun 2019113052.782.49$5,964
May 20190058.482.74$0
Apr 20190062.632.75$0
Mar 2019108056.803.06$6,134
Feb 20190050.852.79$0
Jan 2019108046.033.23$4,971
Dec 2018108046.594.19$5,032
Nov 20180052.934.24$0
Oct 2018113061.443.40$6,943
Sep 20180059.543.11$0
Aug 2018115059.403.07$6,831
Jul 20180065.142.93$0
Jun 2018109060.183.08$6,560
May 2018109065.382.90$7,126
Apr 20180063.842.90$0
Mar 2018116061.222.79$7,102
Feb 20180061.782.77$0
Jan 2018108062.874.01$6,790
Dec 20170057.272.92$0
Nov 2017115055.423.12$6,373
Oct 20170049.292.98$0
Sep 20170047.523.09$0
Aug 2017110045.373.00$4,991
Jul 20170043.873.09$0
Jun 201777042.493.09$3,272
May 2017119045.373.26$5,399
Apr 2017114047.933.21$5,464
Mar 201731046.772.98$1,450
Feb 2017120050.452.95$6,054
Jan 20170049.413.42$0
Dec 201666048.763.72$3,218
Nov 201686042.492.64$3,654
Oct 201664046.193.09$2,956
Sep 2016110041.553.10$4,571
Aug 201658041.442.92$2,404
Jul 201649041.622.92$2,039
Jun 20160045.352.69$0
May 2016111042.521.99$4,720
Apr 2016121036.561.99$4,424
Mar 20160033.011.79$0
Feb 2016116026.472.06$3,071
Jan 20160027.352.36$0
Dec 2015117032.362.00$3,786
Nov 20150038.792.17$0
Oct 2015125043.552.43$5,444
Sep 20150042.992.76$0
Aug 2015121040.162.87$4,859
Jul 20150048.152.95$0
Jun 2015118056.152.88$6,626
May 2015119055.212.96$6,570
Apr 2015117049.822.71$5,829
Mar 2015114042.892.93$4,889
Feb 201556044.662.98$2,501
Jan 2015232043.433.10$10,076
Dec 20140054.693.59$0
Nov 201458070.464.25$4,087
Oct 2014115078.303.90$9,005
Sep 2014113086.164.05$9,736
Aug 20140089.394.04$0
Jul 2014113096.564.18$10,911
Jun 2014115098.164.74$11,288
May 2014113094.734.73$10,704
Apr 2014121095.944.81$11,609
Mar 2014114095.895.06$10,931
Feb 2014118097.406.19$11,493
Jan 2014108090.404.86$9,763
Dec 2013225091.824.35$20,660
Nov 20130088.853.74$0
Oct 2013220097.423.78$21,432
Sep 20131180104.113.72$12,285
Aug 20131700104.253.52$17,723
Jul 2013680102.523.72$6,971
Jun 201356094.403.93$5,286
May 2013120094.834.15$11,380
Apr 2013115093.964.28$10,805
Mar 2013113093.623.91$10,579
Feb 2013112091.233.42$10,218
Jan 2013112091.603.42$10,259
Dec 2012119086.773.42$10,326
Nov 2012112086.953.62$9,738
Oct 2012114089.383.40$10,189
Sep 2012113094.672.92$10,698
Aug 20120092.662.91$0
Jul 2012107085.133.02$9,109
Jun 2012109079.822.52$8,700
May 2012112091.612.49$10,260
Apr 20121090101.652.00$11,080
Mar 201210105.052.22$105
Feb 20121170101.102.57$11,829
Jan 2012119098.092.73$11,673
Dec 2011114096.873.24$11,043
Nov 2011112095.723.31$10,721
Oct 2011115084.983.65$9,773
Sep 2011113083.623.99$9,449
Aug 2011117083.404.15$9,758
Jul 2011115094.144.52$10,826
Jun 2011114092.904.64$10,591
May 2011112098.134.40$10,991
Apr 20111120105.964.33$11,868
Mar 20110096.364.06$0
Feb 201172085.644.18$6,166
Jan 2011117086.504.59$10,121
Dec 201076085.734.35$6,515
Nov 201037080.843.80$2,991
Oct 2010110078.103.51$8,591
Sep 2010113072.633.98$8,207
Aug 2010111073.684.42$8,178
Jul 2010114072.554.74$8,271
Jun 2010112070.364.91$7,880
May 2010113071.124.24$8,037
Apr 2010115081.694.12$9,394
Mar 2010117078.394.39$9,172
Feb 2010111073.585.44$8,167
Jan 2010225074.365.96$16,731
Dec 20090071.445.48$0
Nov 2009116074.593.75$8,652
Oct 2009116072.544.11$8,415
Sep 2009222065.543.06$14,550
Aug 20090067.423.22$0
Jul 200987061.133.46$5,318
Jun 200987066.163.90$5,756
May 200988054.743.93$4,817
Apr 200988046.773.59$4,116
Mar 200988042.144.06$3,708
Feb 2009165032.814.63$5,414
Jan 200988035.865.37$3,156
Dec 200886037.105.98$3,191
Nov 200886055.496.86$4,772
Oct 200888075.246.92$6,621
Sep 2008840101.767.88$8,548
Aug 2008830114.228.48$9,480
Jul 2008850131.0811.39$11,142
Jun 2008850131.3313.03$11,163
May 2008850123.1711.57$10,469
Apr 2008870110.3110.45$9,597
Mar 2008840101.909.66$8,560
Feb 200886092.538.77$7,958
Jan 2008168090.388.21$15,184
Dec 200788088.337.30$7,773
Nov 200786091.677.29$7,884
Oct 2007172082.856.92$14,250
Sep 20070075.846.24$0
Aug 200784069.066.39$5,801
Jul 2007171070.906.39$12,124
Jun 200783062.007.55$5,146
May 200781058.747.85$4,758
Apr 2007168059.617.81$10,014
Mar 200785056.927.30$4,838
Feb 200783055.108.22$4,573
Jan 200788050.306.73$4,426
Dec 2006168056.656.92$9,517
Nov 200688054.207.62$4,770
Oct 200688054.906.01$4,831
Sep 2006165060.085.04$9,913
Aug 200686068.717.34$5,909
Jul 200685069.376.34$5,896
Jun 2006173066.286.38$11,466
May 20060066.016.42$0
Apr 200693064.397.36$5,988
Mar 200694056.707.08$5,330
Feb 20060057.597.75$0
Jan 200694060.598.93$5,695
Dec 200584054.9413.42$4,615
Nov 200581054.6910.59$4,430
Oct 200593058.3413.80$5,426
Sep 200570061.4512.08$4,302
Aug 200591061.519.80$5,597
Jul 200589055.697.84$4,956
Jun 200588052.337.38$4,605
May 200586045.226.65$3,889
Apr 200589049.207.36$4,379
Mar 200586050.377.15$4,332
Feb 200587045.226.31$3,934
Jan 200579043.166.32$3,410
Dec 200484039.866.75$3,348
Nov 200483045.286.33$3,758
Oct 200487049.706.52$4,324
Sep 200486043.245.28$3,719
Aug 200487042.375.55$3,686
Jul 200486038.286.08$3,292
Jun 200477036.106.43$2,780
May 200482037.486.49$3,073
Apr 200492034.475.86$3,171
Mar 200491034.365.53$3,127
Feb 200487032.455.51$2,823
Jan 200489032.036.30$2,851
Dec 200382030.266.30$2,481
Nov 200380028.804.60$2,304
Oct 200385028.174.76$2,394
Sep 200383026.314.75$2,184
Aug 200382029.765.13$2,440
Jul 200382029.415.17$2,412
Jun 200381028.565.98$2,313
May 200391026.595.97$2,420
Apr 200388026.675.41$2,347
Mar 200385031.146.10$2,647
Feb 200385033.487.93$2,846
Jan 200384030.315.58$2,546
Dec 200289026.914.85$2,395
Nov 200293024.664.14$2,293
Oct 200281026.464.23$2,143
Sep 200282027.443.64$2,250
Aug 200277025.963.16$1,999
Jul 200273024.583.06$1,794
Jun 200289023.733.34$2,112
May 200287024.663.58$2,145
Apr 200291023.653.51$2,152
Mar 200290022.003.10$1,980
Feb 200294018.222.38$1,713
Jan 200292017.172.38$1,580
Dec 200193016.932.36$1,574
Nov 200191018.072.41$1,644
Oct 200192019.782.53$1,820
Sep 2001100024.262.25$2,426
Aug 200179024.873.05$1,965
Jul 200183023.933.20$1,986
Jun 200197024.563.82$2,382
May 200187025.524.31$2,220
Apr 200190024.685.34$2,221
Mar 200192024.545.38$2,258
Feb 200196027.755.77$2,664
Jan 200193027.478.40$2,555
Dec 200095026.889.12$2,554
Nov 200095032.215.66$3,060
Oct 200088031.235.15$2,748
Sep 200090031.875.19$2,868
Aug 200086029.644.54$2,549
Jul 200094028.534.09$2,682
Jun 200089029.304.40$2,608
May 2000177027.263.68$4,825
Apr 200088024.513.12$2,157
Mar 200085028.422.86$2,416
Feb 200091027.622.73$2,513
Jan 200087025.272.48$2,198
Dec 1999178024.282.42$4,322
Nov 199988023.192.43$2,041
Oct 199982020.982.80$1,720
Sep 1999180021.752.62$3,915
Aug 199987019.262.88$1,676
Jul 1999172017.892.37$3,077
Jun 1999176015.942.36$2,805
May 199996015.792.32$1,516
Apr 1999153015.102.21$2,310
Mar 1999267012.471.84$3,329
Feb 199917409.981.82$1,737
Jan 1999169010.381.90$1,754
Dec 199817709.201.77$1,628
Nov 1998179010.892.19$1,949
Oct 1998178012.421.97$2,211
Sep 1998170012.592.08$2,140
Aug 199888011.301.91$994
Jul 199893011.742.24$1,092
Jun 1998140011.242.24$1,574
May 1998150012.622.21$1,893
Apr 199882013.042.51$1,069
Mar 199880012.802.31$1,024
Feb 199885013.952.30$1,186
Jan 199886014.702.15$1,264
Dec 1997153016.322.41$2,497
Nov 199788018.193.09$1,601
Oct 19978312019.253.15$1,976
Sep 1997160017.742.95$2,838
Aug 199790017.862.55$1,607
Jul 1997152017.582.25$2,672
Jun 1997184017.242.26$3,172
May 199781018.972.31$1,537
Apr 1997151017.882.08$2,700
Mar 1997180018.951.94$3,411
Feb 1997183020.492.21$3,750
Jan 1997281023.483.54$6,598
Dec 1996262023.32$6,110
Nov 1996163021.97$3,581
Oct 1996180023.31$4,196
Sep 1996250022.22$5,555
Aug 1996162020.26$3,282
Jul 1996185019.55$3,617
Jun 1996161018.73$3,016
May 1996173019.43$3,361
Apr 199682021.51$1,764
Mar 1996157019.38$3,043
Feb 1996178016.98$3,022
Jan 1996174017.07$2,970
Dec 1995173017.19$2,974
Nov 199585016.00$1,360
Oct 1995166015.43$2,561
Sep 1995161016.18$2,605
Aug 1995240015.92$3,821
Jul 199589015.24$1,356
Jun 1995177016.41$2,905
May 1995172017.56$3,020
Apr 199576017.73$1,347
Mar 19950016.44$0
Feb 199588016.58$1,459
Jan 1995150015.92$2,388
Dec 199459015.03$887
Nov 1994124015.90$1,972
Oct 1994103015.58$1,605
Sep 199488115.29$1,346
Aug 1994105116.13$1,694
Jul 1994115117.56$2,019
Jun 1994121117.09$2,068
May 1994116115.88$1,842
Apr 1994141114.14$1,994
Mar 1994128112.46$1,595
Feb 1994110112.50$1,375
Jan 1994108112.66$1,367
Dec 1993133112.33$1,640
Nov 1993174114.49$2,521
Oct 1993189115.85$2,996
Sep 19931712815.03$2,570
Aug 19932626015.66$4,103
Jul 19932069215.46$3,185
Jun 19932385916.79$3,996
May 1993171117.68$3,023
Apr 19931701618.05$3,069
Mar 1993188118.14$3,410
Feb 19931842417.90$3,294
Jan 19931904416.93$3,217

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                   52 bbl  × $106.41 =     $5,533
Casinghead gas         0 Mcf  × $  3.05 =         $0

────────────────────────────────────────────────────
Month total                                   $5,533

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/7921 is the state's own key, not one this site invented.