SHEPHERD 703
SHEPHERD 703 is a Texas oil lease in Yoakum County, Railroad Commission district 8A, operated by Riley Permian Operating Co, LLC. It has 2 wellbores on file with the Commission. Reported production runs from March 2022 to August 2026, totalling 12,016 barrels. The lease is currently producing. Fitting a decline curve to that history and pricing the remaining production at today's forward curve values the whole lease — a 100% undivided interest — at about $1.5M, with roughly $327K expected over the next twelve months. An individual royalty owner receives their own decimal interest times that figure. Over the last twelve months on file it averaged 401 barrels a month, about 201 per wellbore. Its strongest month on the record we hold was April 2025, at 501 barrels. In our own backtest, leases producing at this rate are forecast to within about 22% of what they went on to produce, and that measured error is the range shown on the page rather than a confidence of our own devising.
Key facts about SHEPHERD 703
- Who operates SHEPHERD 703?
- SHEPHERD 703 is operated by Riley Permian Operating Co, LLC, Railroad Commission of Texas operator number 712217.
- Where is SHEPHERD 703?
- SHEPHERD 703 is a Texas oil lease in Yoakum County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 71223.
- Is SHEPHERD 703 still producing?
- SHEPHERD 703 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SHEPHERD 703 is August 2026.
- How much has SHEPHERD 703 produced?
- SHEPHERD 703 has reported 12,016 barrels of oil (bbl) to the Railroad Commission of Texas between March 2022 and August 2026, from 2 wellbores.
- How much is SHEPHERD 703 worth?
- The remaining production from SHEPHERD 703 is estimated to be worth about $1.5M in total as of 26 August 2026, within a range of $1.2M to $1.8M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SHEPHERD 703 is a fraction of it. The estimate fits an Arps decline curve to the production SHEPHERD 703 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SHEPHERD 703 is an estimate of value, not an offer and not an appraisal.
- How much income does SHEPHERD 703 generate in a year?
- SHEPHERD 703 is forecast to net about $327K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in SHEPHERD 703 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Riley Permian Operating Co, LLC |
|---|---|
| Field | Platang (San Andres) |
| County | Yoakum County, Texas |
| RRC district | 8A |
| Lease number | 71223 |
| Wellbores | 2 |
| Reported production | 12,016 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.5M |
Where SHEPHERD 703 sits
Source: Railroad Commission of Texas lease production records, complete through . Figures on this page were computed on .
Production figures are as reported to the Railroad Commission of Texas. The value shown is an estimate produced by fitting a decline curve to that reported history; it is not an offer or an appraisal. How this estimate is calculated.