SHAFFER -C-

Operated by ICE WELL SERVICES, INC. (P-5 421860) in the AUDAS-GRAHAM (CAPPS LIME) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 31978District 7BField 04345333OilCasinghead gasSave
Value, all time
$2.8 M
Mar 2016 – May 2026
Value, last 12 filed months
$248 k
at the published price for each month
Months reported
123
no gaps in the span
Streams
2
oil, casinghead gas

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
OilDisposition42,862 bbl$2,609,768
Casinghead gasProduction51,112 Mcf$173,047
Total$2,782,815

Wells on this lease (2)

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 32.5114, -99.5744. A lease has no coordinate of its own — that point is the mean of its wells, and they span 46.3 miles, so treat it as the lease's centre and not as its location.

32.51135, -99.57440 · 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%
1 of 2 wells
With a plug date
50.0%
1 of 2 wells
Median depth
4,970 ft
2 wells filed one
Completion to plug
10.8 years
median over 1 wells

What the state filed about each well

On the RRC proration schedule
150.0%
A plug date is filed
150.0%
BothOn the schedule and plugged. Neither fact cancels the other.
150.0%
NeitherNo plug date, and not on the schedule.
150.0%

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 4,745 and 5,194 ft, median 4,970 ft, over the 2 wells that filed a depth.

Completions filed
Mar 2010 – Mar 2016
2 of 2 wells
Plug dates filed
Dec 2020
1 of 2 wells; 1 filed none

Last completion to plug: a median of 10.8 years across the 1 well that filed both dates, with the middle half between 10.8 years and 10.8 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

2 wells

42-4410404475,194 ftMar 2016
42-417390381H4,745 ftMar 2010Dec 2020Yes

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 (123)

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

123 months

May 2026168413106.413.05$19,135
Apr 202632639598.932.87$33,385
Mar 202617139889.753.15$16,601
Feb 202633940263.503.75$23,034
Jan 202617541859.138.00$13,691
Dec 202534143756.664.41$21,250
Nov 202514743158.593.93$10,305
Oct 202535954959.383.30$23,132
Sep 202517956362.743.08$12,963
Aug 202535861363.933.01$24,735
Jul 202533762866.743.32$24,573
Jun 202535542866.483.13$24,939
May 202535658060.553.23$23,431
Apr 202517652162.363.54$12,821
Mar 202535355267.704.27$26,254
Feb 202517530070.884.34$13,706
Jan 202535849874.324.28$28,737
Dec 202436353468.993.12$26,710
Nov 202436146269.052.20$25,943
Oct 202434839771.372.28$25,742
Sep 202415420569.612.36$11,205
Aug 2024011575.632.06$237
Jul 202417629879.932.15$14,707
Jun 202434142578.082.63$27,745
May 202417839578.812.20$14,897
Apr 202434338584.451.66$29,605
Mar 202434221980.301.55$27,801
Feb 202417928776.091.78$14,132
Jan 202417330573.023.30$13,638
Dec 202332739671.262.61$24,336
Nov 202317810977.892.81$14,170
Oct 20233562385.443.09$30,488
Sep 202317934589.042.74$16,882
Aug 202335240980.522.67$29,436
Jul 202317932674.852.64$14,259
Jun 202335135768.962.26$25,011
May 202317436670.622.23$13,103
Apr 202335939178.122.24$28,920
Mar 202335442872.852.39$26,813
Feb 202318336175.112.47$14,635
Jan 202335341476.533.39$28,418
Dec 202236137176.415.73$29,710
Nov 202218042285.005.65$17,683
Oct 202235246187.185.86$33,391
Sep 202234346484.888.16$32,902
Aug 202235242794.529.13$37,168
Jul 2022352492101.587.54$39,467
Jun 2022346333115.097.98$42,478
May 2022359193109.378.43$40,891
Apr 2022179433104.226.84$21,616
Mar 2022342415108.885.08$39,344
Feb 202236331491.054.86$34,577
Jan 202218043481.844.54$16,701
Dec 202136645671.323.90$27,881
Nov 202136244677.435.24$30,365
Oct 202131333379.795.71$26,877
Sep 202136345169.865.35$27,772
Aug 202133447166.024.22$24,039
Jul 202134936670.783.98$26,160
Jun 202117427469.493.38$13,018
May 202129834463.483.02$19,955
Apr 202131835360.362.76$20,168
Mar 202133133061.302.72$21,187
Feb 202113723957.805.55$9,245
Jan 202133130950.412.81$17,554
Dec 202032636144.642.68$15,518
Nov 202034832838.772.71$14,380
Oct 202035939436.972.48$14,249
Sep 202035241137.091.99$13,874
Aug 202035441539.982.39$15,143
Jul 202034439938.371.83$13,928
Jun 202015431034.901.69$5,899
May 202031728516.921.81$5,881
Apr 202035740714.751.80$6,000
Mar 202035744430.341.86$11,656
Feb 202034246949.881.98$17,988
Jan 202044750057.252.09$26,638
Dec 201950448859.012.30$30,866
Nov 201933843955.302.75$19,899
Oct 201948549153.472.42$27,120
Sep 201947352255.052.66$27,426
Aug 201932849653.112.30$18,563
Jul 201931741256.272.46$18,851
Jun 201934345852.782.49$19,245
May 201950148758.482.74$30,633
Apr 201934146662.632.75$22,639
Mar 201933446556.803.06$20,395
Feb 201933929350.852.79$18,056
Jan 201934131146.033.23$16,700
Dec 201851237946.594.19$25,440
Nov 201831433152.934.24$18,023
Oct 201832833161.443.40$21,277
Sep 201833841859.543.11$21,424
Aug 201850747659.403.07$31,575
Jul 201834541165.142.93$23,678
Jun 201847748960.183.08$30,210
May 201834259865.382.90$24,095
Apr 201849255663.842.90$33,022
Mar 201850459761.222.79$32,519
Feb 201833657161.782.77$22,338
Jan 201850158862.874.01$33,855
Dec 201750163557.272.92$30,547
Nov 201756768855.423.12$33,569
Oct 201733367549.292.98$18,428
Sep 201750270247.523.09$26,022
Aug 201768470045.373.00$33,136
Jul 201734053343.873.09$16,561
Jun 201747537842.493.09$21,350
May 201733153145.373.26$16,750
Apr 201751060647.933.21$26,391
Mar 201750559746.772.98$25,400
Feb 201750434650.452.95$26,448
Jan 201733547749.413.42$18,183
Dec 201668051848.763.72$35,085
Nov 201650950142.492.64$22,952
Oct 201667357946.193.09$32,875
Sep 201649557841.553.10$22,359
Aug 201684272441.442.92$37,010
Jul 201666133941.622.92$28,502
Jun 20161,015045.352.69$46,030
May 2016342042.521.99$14,542
Apr 20160036.561.99$0
Mar 20160033.011.79$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
Oil                  168 bbl  × $106.41 =    $17,877
Casinghead gas       413 Mcf  × $  3.05 =     $1,258

────────────────────────────────────────────────────
Month total                                  $19,135

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. 7B/O/31978 is the state's own key, not one this site invented.