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Royalty Clerk

Texas gas well

Producing

SHEPARD STATE

Shepard State is a gas well in Culberson County, Texas, operated by Cog Operating LLC in the Sandbar (Bone Spring) field.

1 well

296mcf gas, last 12 months+113% vs prior year
Operator
Cog Operating LLC
County
Culberson County
Field
Sandbar (Bone Spring)
RRC lease
08-278497

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Where it sits

This county

Culberson CountyCulbersonCulberson County
Culberson County
Oil, last 12 months
36 bbl
Gas in Jul 2026
0 mcf

Production by month

Gas output rose 113% over the last 12 months

  • Gas (bars)
  • Oil (line)
  • Last 12 months
Gas output rose 113% over the last 12 monthsMonthly gas production and oil for SHEPARD STATE, Aug 2023 to Jul 2026. Gas output rose 113% over the last 12 months. 296 mcf in the 12 months through Jul 2026, against 139 mcf in the 12 months before.Last 12 months: 296 mcfmcf per monthbbl per month002502550050750751,0001001,250125Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Gas output rose 113% over the last 12 monthsMonthly gas production and oil for SHEPARD STATE, Aug 2023 to Jul 2026. Gas output rose 113% over the last 12 months. 296 mcf in the 12 months through Jul 2026, against 139 mcf in the 12 months before.Last 12 monthsmcf per monthbbl per month002502550050750751,0001001,250125Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

All of the gas went to a processing plant in the last 12 months

All of the gas went to a processing plant in the last 12 monthsShare of SHEPARD STATE gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to a processing plant in the last 12 months.Share of the lease’s gas by disposition code, per month0%50%100%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
All of the gas went to a processing plant in the last 12 monthsShare of SHEPARD STATE gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to a processing plant in the last 12 months.Share of gas by disposition code0%50%100%Jan 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
42-109-32479803HShut-in

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Energy Transfer CompanyCondensateGathers50Jun 29, 2026–
Enterprise Crude Pipeline LLCCondensateGathers50Jun 29, 2026–
Delaware Basin Midstream LLCGas-well gasBuys100May 1, 2023–
Delaware Basin Midstream LLCGas-well gasGathers100May 1, 2023–
Plains Pipeline L.p.CondensateGathers100Feb 1, 2017Jun 29, 2026
Delaware Basin Midstream, LLCGas-well gasGathers100Jan 2, 2014May 1, 2023
Delaware Basin Midstream, LLCGas-well gasBuys100Jan 2, 2014May 1, 2023

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

Who buys my oilOil price check

483.90 acres on the newest permit

Permits for Shepard State
API numberWell no.Acreson the permit
42-109-32479803H483.90

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 20262891000$80.46$2.89
Jun 2026340000$84.81$3.15
May 20260041410$102.13$2.94
Apr 20260031310$100.32$2.77
Mar 20260042420$91.38$3.04
Feb 20260026260$64.51$3.62
Jan 20260071710$60.04$7.72
Dec 20250012120$57.97$4.26
Nov 20250067670$60.06$3.79
Oct 202500660$60.89$3.19
Sep 202500000$63.96$2.97
Aug 202500000$64.86$2.91
Jul 202530000$68.39$3.20
Jun 202500000$68.17$3.02
May 2025830000$62.17$3.12
Apr 202500000$63.54$3.42
Mar 202500000$68.24$4.12
Feb 202500000$71.53$4.19
Jan 202500000$75.74$4.13
Dec 202400000$70.12$3.01
Nov 202400000$69.95$2.12
Oct 202400000$71.99$2.20
Sep 2024301391390$70.24$2.28
Aug 202460000$76.68$1.99
Jul 202430000$81.80$2.07
Jun 2024003623620$79.77$2.54
May 202400000$80.02$2.12
Apr 202420000$85.35$1.60
Mar 202430000$81.28$1.49
Feb 202400000$77.25$1.72
Jan 202460220$74.15$3.18
Dec 20235001571570$71.90$2.52
Nov 20236102752750$77.69$2.71
Oct 20238907787780$85.64$2.98
Sep 20231094681,1251,1250$89.43$2.64
Aug 20239702082080$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 LLCFieldSandbar (Bone Spring)CountyCulberson County

Cog Operating LLC in Culberson County

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Sandbar (Bone Spring) field

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