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Texas gas well

Producing

SHEPARD STATE

Shepard State is a gas well in Culberson County, Texas, operated by Cog Operating LLC in the Ford, West (Wolfcamp) field.

1 well

2,237mcf gas, last 12 months−75% vs prior year
Operator
Cog Operating LLC
County
Culberson County
Field
Ford, West (Wolfcamp)
RRC lease
08-278228

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Where it sits

This county

Culberson CountyCulbersonCulberson County
Culberson County
Gas in Jul 2026
287 mcf
Reporting since
Jan 2020

Production by month

Gas output fell 75% over the last 12 months

  • Gas (bars)
  • Oil (line)
  • Last 12 months
Gas output fell 75% over the last 12 monthsMonthly gas production and oil for SHEPARD STATE, Aug 2023 to Jul 2026. Gas output fell 75% over the last 12 months. 2,237 mcf in the 12 months through Jul 2026, against 9,098 mcf in the 12 months before.Last 12 months: 2,237 mcfmcf per monthbbl per month002,5001005,0002007,50030010k40012.5k500Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Gas output fell 75% over the last 12 monthsMonthly gas production and oil for SHEPARD STATE, Aug 2023 to Jul 2026. Gas output fell 75% over the last 12 months. 2,237 mcf in the 12 months through Jul 2026, against 9,098 mcf in the 12 months before.Last 12 monthsmcf per monthbbl per month002,5001005,0002007,50030010k40012.5k500Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

Since Mar 2024 the lease's gas goes to a processing plant instead of lease fuel

  • Processing plant (3)
  • Lease fuel (1)
Since Mar 2024 the lease's gas goes to a processing plant instead of lease fuelShare of SHEPARD STATE gas by disposition code each month, Aug 2023 to Jul 2026. Since Mar 2024 the lease's gas goes to a processing plant instead of lease fuel.Share of the lease’s gas by disposition code, per month0%50%100%Mar 2024: fuel to plantOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Mar 2024 the lease's gas goes to a processing plant instead of lease fuelShare of SHEPARD STATE gas by disposition code each month, Aug 2023 to Jul 2026. Since Mar 2024 the lease's gas goes to a processing plant instead of lease fuel.Share of gas by disposition code0%50%100%Mar 24: fuel to plantJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

1 well on this lease

Wells on SHEPARD STATE
API numberWell no.Status
42-109-32733824HActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Energy Trans Crude Marketing LLCCondensateGathers100May 1, 2026–
Delaware Basin Midstream LLCGas-well gasBuys100May 1, 2023–
Delaware Basin Midstream LLCGas-well gasGathers100May 1, 2023–
Energy Trans Crude Marketing LLCCondensateGathers50Apr 28, 2026May 1, 2026
Plains Pipeline L.p.CondensateGathers50Apr 28, 2026May 1, 2026
Plains Pipeline L.p.CondensateGathers100Feb 1, 2017Apr 28, 2026
Delaware Basin Midstream, LLCGas-well gasGathers100Feb 20, 2015May 1, 2023
Delaware Basin Midstream, LLCGas-well gasBuys100Feb 20, 2015May 1, 2023

SourceRailroad Commission Form P-4 file, Sep 24, 2026 (source).

Who buys my oilOil price check

321.83 acres on the newest permit

Permits for Shepard State
API numberWell no.Acreson the permit
42-109-32733824H321.83

SourceRailroad Commission drilling permits, Sep 26, 2026 (source 1, source 2).

Unit decimal checker

What ConocoPhillips told investors it received

Cog Operating LLC is linked to ConocoPhillips (COP).
Realized prices reported by ConocoPhillips
QuarterOil$ per bblFiling
Q2 2026$99.40SEC filing
Q1 2026$73.47SEC filing
Q3 2025$66.13SEC filing
Q2 2025$64.23SEC filing
Q1 2025$71.65SEC filing
Q3 2024$76.77SEC filing

SourceConocoPhillips quarterly reports, SEC EDGAR, company-wide averages before hedging.

Estimate your royalty

36 months, newest first

Ledger for SHEPARD STATE
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026002872870$80.46$2.89
Jun 202603643773770$84.81$3.15
May 2026007167160$102.13$2.94
Apr 202600330$100.32$2.77
Mar 2026004254250$91.38$3.04
Feb 202600770$64.51$3.62
Jan 2026003773770$60.04$7.72
Dec 202500000$57.97$4.26
Nov 202500000$60.06$3.79
Oct 20250045450$60.89$3.19
Sep 202500000$63.96$2.97
Aug 202500000$64.86$2.91
Jul 202500000$68.39$3.20
Jun 2025006306300$68.17$3.02
May 202500000$62.17$3.12
Apr 2025002,3342,3340$63.54$3.42
Mar 20250043430$68.24$4.12
Feb 202500000$71.53$4.19
Jan 202500000$75.74$4.13
Dec 202400000$70.12$3.01
Nov 20240524000$69.95$2.12
Oct 202400000$71.99$2.20
Sep 20240423,2563,2560$70.24$2.28
Aug 2024361692,8352,5350$76.68$1.99
Jul 202441916610,5989,6680$81.80$2.07
Jun 202410002,9532,0530$79.77$2.54
May 2024170000$80.02$2.12
Apr 2024106043430$85.35$1.60
Mar 2024001121120$81.28$1.49
Feb 20240039000$77.25$1.72
Jan 2024102941141140$74.15$3.18
Dec 202300000$71.90$2.52
Nov 20230024240$77.69$2.71
Oct 202300000$85.64$2.98
Sep 202300000$89.43$2.64
Aug 20230018180$81.39$2.58

SourceTexas Railroad Commission Production Data Query, through Jul 2026. Prices: EIA, through Aug 2026. Updated Sep 28, 2026.

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Nearby

This lease belongs to

OperatorCog Operating LLCFieldFord, West (Wolfcamp)CountyCulberson County

Cog Operating LLC in Culberson County

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Ford, West (Wolfcamp) field

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