The Capstan Shafts is the musical project of American lo-fi artist Dean Wells. He has been releasing material under the Capstan Shafts name since 1999, through various indie labels such as Yellow Mica, Asaurus and Abandoned Love Records. Most of his albums are very cheap (four or five dollars) or even free.

His songs are typically short, ranging in length from 45 seconds to 2 minutes, and feature a full-band sound of guitars, bass and drums, all of which are played by Wells himself. Every Capstan Shafts release to date has been recorded at home, giving the music a fuzzy lo-fi sound similar to bands such as Guided By Voices and The Mountain Goats.

Despite a prolific output of recorded material (his total output amounts to ten EPs and seven full-length albums), Wells has only performed live three times. His recent album Her Versus The Sad Cold Eventually has led to an upsurge in media interest surrounding The Capstan Shafts; the album was given four very favorable reviews on music-news site Pitchfork Media by Matt LeMay of Get Him Eat Him.