SHEPHERD

Operated by SNAPPY SERVICES, INC. (P-5 797126) in the PANHANDLE GRAY COUNTY FIELD field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 5010District 10Field 68873001NGPA filingOilCasinghead gasSaveExport
Value, all time
$1.2 M
Jan 1993 – May 2026
Value, last 12 filed months
$0
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 837 leases and 6,360 wells, and the rule below applies to all of them.

Discovered
1921-12-31
as the register files it
Field class
Oil
the register's own label
Between wells
467 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 1989-05-01.

The Commission's schedule remark for this field reads: UNTIL THE FLUID MIGRATION FROM SUCH STRATA IS ELIMINATED.

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
NGPA4none

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
OilDisposition6,288 bbl$296,245
Casinghead gasProduction331,626 Mcf$939,267
Total$1,235,512

94,430 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 (4)

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 35.4259, -101.0852. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.4 miles.

35.42605, -101.08456 · 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
50.0%
2 of 4 wells
With a plug date
50.0%
2 of 4 wells
Median depth
3,388 ft
4 wells filed one
Completion to plug
43.9 years
median over 2 wells

What the state filed about each well

On the RRC proration schedule
250.0%
A plug date is filed
250.0%
BothOn the schedule and plugged. Neither fact cancels the other.
250.0%
NeitherNo plug date, and not on the schedule.
250.0%

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 3,360 and 3,405 ft, median 3,388 ft, over the 4 wells that filed a depth.

Completions filed
Jan 1982 – Feb 1982
4 of 4 wells
Plug dates filed
Dec 2025
2 of 4 wells; 2 filed none

Last completion to plug: a median of 43.9 years across the 2 wells that filed both dates, with the middle half between 43.8 years and 43.9 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

4 wells

42-1793094513,400 ftFeb 1982Dec 2025Yes
42-0653092543,405 ftJan 1982Dec 2025Yes
42-0653092433,375 ftJan 1982
42-1793094623,360 ftJan 1982

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 202600106.413.05$0
Apr 20260098.932.87$0
Mar 20260089.753.15$0
Feb 20260063.503.75$0
Jan 20260059.138.00$0
Dec 20250056.664.41$0
Nov 20250058.593.93$0
Oct 20250059.383.30$0
Sep 20250062.743.08$0
Aug 20250063.933.01$0
Jul 20250066.743.32$0
Jun 20250066.483.13$0
May 20250060.553.23$0
Apr 20250062.363.54$0
Mar 20250067.704.27$0
Feb 20250070.884.34$0
Jan 20250074.324.28$0
Dec 20240068.993.12$0
Nov 20240069.052.20$0
Oct 20240071.372.28$0
Sep 20240069.612.36$0
Aug 20240075.632.06$0
Jul 20240079.932.15$0
Jun 20240078.082.63$0
May 20240078.812.20$0
Apr 20240084.451.66$0
Mar 20240080.301.55$0
Feb 20240076.091.78$0
Jan 20240073.023.30$0
Dec 20230071.262.61$0
Nov 20230077.892.81$0
Oct 20230085.443.09$0
Sep 20230089.042.74$0
Aug 20230080.522.67$0
Jul 20230074.852.64$0
Jun 20230068.962.26$0
May 20230070.622.23$0
Apr 20230078.122.24$0
Mar 20230072.852.39$0
Feb 20230075.112.47$0
Jan 20230076.533.39$0
Dec 20220076.415.73$0
Nov 20220085.005.65$0
Oct 20220087.185.86$0
Sep 20220084.888.16$0
Aug 20220094.529.13$0
Jul 202200101.587.54$0
Jun 202200115.097.98$0
May 202200109.378.43$0
Apr 202200104.226.84$0
Mar 202200108.885.08$0
Feb 20220091.054.86$0
Jan 20220081.844.54$0
Dec 20210071.323.90$0
Nov 20210077.435.24$0
Oct 20210079.795.71$0
Sep 20210069.865.35$0
Aug 20210066.024.22$0
Jul 20210070.783.98$0
Jun 20210069.493.38$0
May 20210063.483.02$0
Apr 20210060.362.76$0
Mar 20210061.302.72$0
Feb 20210057.805.55$0
Jan 20210050.412.81$0
Dec 20200044.642.68$0
Nov 20200038.772.71$0
Oct 20200036.972.48$0
Sep 20200037.091.99$0
Aug 20200039.982.39$0
Jul 20200038.371.83$0
Jun 20200034.901.69$0
May 20200016.921.81$0
Apr 20200014.751.80$0
Mar 202004230.341.86$78
Feb 20201736449.881.98$8,756
Jan 202001557.252.09$31
Dec 201909859.012.30$226
Nov 2019017955.302.75$492
Oct 2019032753.472.42$791
Sep 2019035155.052.66$933
Aug 2019038353.112.30$883
Jul 2019019856.272.46$487
Jun 2019032652.782.49$812
May 201918336258.482.74$11,694
Apr 2019027962.632.75$767
Mar 2019023356.803.06$713
Feb 2019023850.852.79$665
Jan 2019032446.033.23$1,046
Dec 2018054646.594.19$2,285
Nov 2018058552.934.24$2,479
Oct 2018058261.443.40$1,978
Sep 201816758659.543.11$11,764
Aug 2018063359.403.07$1,941
Jul 2018064665.142.93$1,894
Jun 2018044060.183.08$1,354
May 2018057165.382.90$1,656
Apr 2018049063.842.90$1,421
Mar 2018052161.222.79$1,452
Feb 2018052161.782.77$1,441
Jan 2018062062.874.01$2,486
Dec 2017053357.272.92$1,557
Nov 2017057455.423.12$1,790
Oct 201717361749.292.98$10,368
Sep 2017061647.523.09$1,902
Aug 2017062745.373.00$1,884
Jul 2017067043.873.09$2,068
Jun 2017065342.493.09$2,016
May 2017060045.373.26$1,958
Apr 2017049047.933.21$1,574
Mar 2017060946.772.98$1,817
Feb 201716254350.452.95$9,776
Jan 2017041249.413.42$1,409
Dec 2016050948.763.72$1,895
Nov 2016063742.492.64$1,684
Oct 2016066146.193.09$2,043
Sep 2016065841.553.10$2,040
Aug 2016061341.442.92$1,793
Jul 2016048041.622.92$1,404
Jun 2016062245.352.69$1,671
May 201618068242.521.99$9,011
Apr 2016064536.561.99$1,284
Mar 2016069333.011.79$1,243
Feb 2016062826.472.06$1,296
Jan 2016064327.352.36$1,520
Dec 2015068232.362.00$1,365
Nov 2015063138.792.17$1,368
Oct 2015062343.552.43$1,512
Sep 2015067842.992.76$1,870
Aug 201501,36240.162.87$3,912
Jul 201501,35548.152.95$3,991
Jun 20151861,35556.152.88$14,350
May 201501,47255.212.96$4,350
Apr 201501,36549.822.71$3,694
Mar 201501,30742.892.93$3,836
Feb 201501,30244.662.98$3,875
Jan 201501,41943.433.10$4,400
Dec 201401,43054.693.59$5,136
Nov 201401,07870.464.25$4,583
Oct 201401,17378.303.90$4,576
Sep 20141701,14586.164.05$19,279
Aug 201401,15789.394.04$4,669
Jul 201401,11496.564.18$4,656
Jun 2014096298.164.74$4,557
May 201401,00294.734.73$4,736
Apr 201401,05795.944.81$5,083
Mar 2014077895.895.06$3,934
Feb 201417663497.406.19$21,068
Jan 2014072590.404.86$3,524
Dec 2013061291.824.35$2,665
Nov 2013061388.853.74$2,292
Oct 2013065497.423.78$2,472
Sep 20130568104.113.72$2,112
Aug 20130722104.253.52$2,543
Jul 20130681102.523.72$2,532
Jun 201315570094.403.93$17,385
May 2013063094.834.15$2,614
Apr 2013023893.964.28$1,019
Mar 2013023693.623.91$923
Feb 2013056691.233.42$1,936
Jan 2013029291.603.42$999
Dec 2012055286.773.42$1,888
Nov 2012061186.953.62$2,215
Oct 2012065089.383.40$2,210
Sep 2012064494.672.92$1,879
Aug 2012066292.662.91$1,925
Jul 2012067085.133.02$2,024
Jun 201217369179.822.52$15,550
May 2012061591.612.49$1,530
Apr 20120699101.652.00$1,396
Mar 20120426105.052.22$947
Feb 20120566101.102.57$1,455
Jan 2012062398.092.73$1,703
Dec 2011053396.873.24$1,727
Nov 2011054795.723.31$1,811
Oct 2011059484.983.65$2,167
Sep 201118459783.623.99$17,766
Aug 2011023283.404.15$963
Jul 2011018994.144.52$854
Jun 201109492.904.64$436
May 2011024198.134.40$1,062
Apr 20110242105.964.33$1,049
Mar 2011029896.364.06$1,209
Feb 201117338585.644.18$16,425
Jan 2011036886.504.59$1,689
Dec 2010026285.734.35$1,139
Nov 2010027380.843.80$1,036
Oct 2010028378.103.51$993
Sep 2010027572.633.98$1,094
Aug 2010032373.684.42$1,427
Jul 2010030372.554.74$1,435
Jun 2010030570.364.91$1,498
May 2010032271.124.24$1,364
Apr 201017430181.694.12$15,455
Mar 2010029578.394.39$1,295
Feb 2010030873.585.44$1,676
Jan 2010030374.365.96$1,807
Dec 200916226071.445.48$12,999
Nov 2009029974.593.75$1,122
Oct 2009040372.544.11$1,656
Sep 2009033065.543.06$1,011
Aug 2009153767.423.22$10,338
Jul 2009026661.133.46$922
Jun 2009021866.163.90$849
May 2009055554.743.93$2,179
Apr 2009053146.773.59$1,905
Mar 2009055842.144.06$2,265
Feb 200918960032.814.63$8,981
Jan 2009055835.865.37$2,997
Dec 2008051337.105.98$3,066
Nov 2008057655.496.86$3,952
Oct 2008057075.246.92$3,946
Sep 20080584101.767.88$4,600
Aug 20080591114.228.48$5,013
Jul 20080544131.0811.39$6,196
Jun 20080611131.3313.03$7,963
May 20080675123.1711.57$7,813
Apr 2008149650110.3110.45$23,232
Mar 20080668101.909.66$6,456
Feb 2008070192.538.77$6,148
Jan 2008071490.388.21$5,859
Dec 2007058288.337.30$4,250
Nov 2007047091.677.29$3,427
Oct 2007093082.856.92$6,437
Sep 2007074875.846.24$4,671
Aug 2007071469.066.39$4,561
Jul 2007065370.906.39$4,171
Jun 2007077862.007.55$5,873
May 2007065258.747.85$5,116
Apr 2007024259.617.81$1,889
Mar 200706256.927.30$453
Feb 200701155.108.22$90
Jan 2007013150.306.73$881
Dec 2006016156.656.92$1,114
Nov 200606954.207.62$526
Oct 2006022254.906.01$1,335
Sep 2006035160.085.04$1,768
Aug 200615954168.717.34$14,896
Jul 2006045769.376.34$2,899
Jun 2006072366.286.38$4,616
May 2006059966.016.42$3,849
Apr 2006072064.397.36$5,300
Mar 2006029956.707.08$2,118
Feb 2006085057.597.75$6,588
Jan 2006070260.598.93$6,271
Dec 2005055054.9413.42$7,378
Nov 2005072754.6910.59$7,698
Oct 2005060958.3413.80$8,402
Sep 2005070261.4512.08$8,479
Aug 200518372061.519.80$18,310
Jul 2005094555.697.84$7,412
Jun 200501,03752.337.38$7,654
May 200501,15245.226.65$7,662
Apr 200501,16549.207.36$8,575
Mar 200501,24450.377.15$8,901
Feb 2005068845.226.31$4,343
Jan 20050143.166.32$6
Dec 20040139.866.75$7
Nov 2004034845.286.33$2,203
Oct 20041131,25349.706.52$13,780
Sep 2004085643.245.28$4,523
Aug 2004088942.375.55$4,935
Jul 2004083638.286.08$5,086
Jun 2004067336.106.43$4,329
May 2004099437.486.49$6,456
Apr 2004074134.475.86$4,341
Mar 200401,07534.365.53$5,945
Feb 200401,03532.455.51$5,702
Jan 200401,11532.036.30$7,024
Dec 200301,16130.266.30$7,316
Nov 2003091628.804.60$4,209
Oct 2003098428.174.76$4,683
Sep 200301,22626.314.75$5,823
Aug 200301,07029.765.13$5,489
Jul 200301,26029.415.17$6,515
Jun 200301,25528.565.98$7,509
May 200301,09126.595.97$6,516
Apr 200301,19026.675.41$6,435
Mar 200301,36431.146.10$8,315
Feb 2003090533.487.93$7,173
Jan 20033391,20330.315.58$16,990
Dec 200201,27226.914.85$6,174
Nov 2002096724.664.14$4,000
Oct 200201,36826.464.23$5,785
Sep 200201,56027.443.64$5,671
Aug 200201,26925.963.16$4,015
Jul 200201,49824.583.06$4,587
Jun 200201,13123.733.34$3,776
May 200201,25624.663.58$4,502
Apr 200201,23423.653.51$4,334
Mar 200202,04922.003.10$6,357
Feb 200201,92918.222.38$4,583
Jan 200202,31917.172.38$5,509
Dec 200102,40916.932.36$5,696
Nov 200102,08618.072.41$5,018
Oct 200102,13019.782.53$5,387
Sep 200101,92024.262.25$4,323
Aug 2001080524.873.05$2,458
Jul 20011481,26423.933.20$7,583
Jun 200101,22124.563.82$4,669
May 200101,38125.524.31$5,948
Apr 2001062324.685.34$3,324
Mar 2001055824.545.38$3,000
Feb 200101,17127.755.77$6,753
Jan 20011351,07027.478.40$12,695
Dec 2000097126.889.12$8,858
Nov 200001,09532.215.66$6,196
Oct 2000055231.235.15$2,840
Sep 2000010731.875.19$555
Aug 2000029529.644.54$1,340
Jul 20000128.534.09$4
Jun 20000129.304.40$4
May 2000010927.263.68$401
Apr 2000052024.513.12$1,620
Mar 200001,23728.422.86$3,538
Feb 20001711,68727.622.73$9,323
Jan 200001,91725.272.48$4,755
Dec 199902,00324.282.42$4,855
Nov 199901,99823.192.43$4,863
Oct 19991491,97720.982.80$8,669
Sep 199902,10621.752.62$5,515
Aug 199901,62019.262.88$4,658
Jul 199901,61817.892.37$3,838
Jun 199901,63215.942.36$3,855
May 19991751,63715.792.32$6,563
Apr 199901,73015.102.21$3,820
Mar 199901,28612.471.84$2,364
Feb 199901,3189.981.82$2,396
Jan 199901,47910.381.90$2,810
Dec 199801,6829.201.77$2,983
Nov 199801,15910.892.19$2,533
Oct 199801,51112.421.97$2,975
Sep 199801,71112.592.08$3,563
Aug 199801,80711.301.91$3,447
Jul 199801,81211.742.24$4,054
Jun 199801,68611.242.24$3,772
May 19981651,67812.622.21$5,785
Apr 199801,74613.042.51$4,374
Mar 199801,87812.802.31$4,337
Feb 199801,53113.952.30$3,520
Jan 19981631,82314.702.15$6,324
Dec 199702,13516.322.41$5,148
Nov 199702,02618.193.09$6,257
Oct 199702,04719.253.15$6,448
Sep 199701,51917.742.95$4,488
Aug 199701,91617.862.55$4,895
Jul 199701,95617.582.25$4,395
Jun 199702,14217.242.26$4,835
May 19971572,25518.972.31$8,184
Apr 199702,24217.882.08$4,670
Mar 199702,39618.951.94$4,646
Feb 199702,27520.492.21$5,018
Jan 199702,07223.483.54$7,334
Dec 199602,27423.32$0
Nov 199602,33421.97$0
Oct 199602,39623.31$0
Sep 199602,31222.22$0
Aug 199602,13820.26$0
Jul 19961632,02219.55$3,187
Jun 199602,01318.73$0
May 199602,18919.43$0
Apr 19961472,10021.51$3,162
Mar 199602,21319.38$0
Feb 199602,04516.98$0
Jan 199602,03017.07$0
Dec 199502,23717.19$0
Nov 199502,16016.00$0
Oct 19951552,10315.43$2,392
Sep 199502,32316.18$0
Aug 199502,31315.92$0
Jul 199502,31015.24$0
Jun 199502,38416.41$0
May 199502,44817.56$0
Apr 199502,34617.73$0
Mar 199502,32516.44$0
Feb 199502,36116.58$0
Jan 199502,73815.92$0
Dec 19941772,53515.03$2,660
Nov 199402,29015.90$0
Oct 199402,32115.58$0
Sep 199401,75415.29$0
Aug 199402,20316.13$0
Jul 199402,08417.56$0
Jun 199402,01417.09$0
May 19941562,32215.88$2,477
Apr 199402,31414.14$0
Mar 199401,56012.46$0
Feb 199401,23712.50$0
Jan 199401,36512.66$0
Dec 199301,40712.33$0
Nov 199301,13114.49$0
Oct 19931721,48115.85$2,726
Sep 199301,45415.03$0
Aug 199301,27915.66$0
Jul 199301,54815.46$0
Jun 19931791,40116.79$3,005
May 199301,45817.68$0
Apr 199301,26118.05$0
Mar 199301,37418.14$0
Feb 199301,23617.90$0
Jan 199301,28716.93$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.

Mar 2020 — as filed, then multipliedworked
Oil                    0 bbl  × $ 30.34 =         $0
Casinghead gas        42 Mcf  × $  1.86 =        $78

────────────────────────────────────────────────────
Month total                                      $78

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. 10/O/5010 is the state's own key, not one this site invented.