PANHANDLE (RED CAVE), District 10, Texas

A field is the Railroad Commission's unit of geology and of regulation. Its spacing rule is what decides how many wells an acreage can hold.

Leases
67
with a page here
Operators
22
Value, all time
$484.8 M
59% of the register's 114
Discovered
1960-10-11
Oil

Our estimate: volumes the operator filed with the Commission, valued at the EIA first-purchase price for that month. It is not a payment anyone received, and it is not a royalty. It sums the 67 leases in this field that have a page here — 59% of the register's 114 — so it understates the field.

Production, 2025

The Railroad Commission's Oil and Gas Annual Report for 2025, its most recent. These are the state's figures for the whole field, not ours.

WellsIn the fieldProducingProduced in 2025Also producedCumulative
Oil1,009528157,369 bbl195,823 mcfcasinghead20,986,888 bblsince discovery

The discovery well's oil measured 30.0° API gravity, perforated at 2,096 ft.

Spacing rule

What the Commission requires of a well on this field.

WellsRuleEffectiveFrom the lease lineBetween wellsAcres per unitMax diagonal
OilB1985-04-15330 ft330 ft201,600 ft
OilO1985-04-15330 ft330 ft51,000 ft
OilO1985-04-15330 ft330 ft101,100 ft

Commission remarks: 10 ACRES UNITS W/DIAG OF 1100 AND ALLOW OF 53

County

Leases in this field

Every lease here files this field's number with the Commission and has a page on this site.

LeaseOperatorValue
MASTERSON ESTATEBEREN CORPORATION$100.1 M
MASTERSON GBEREXCO LLC$63.9 M
BIVINSSNW OPERATING COMPANY$56.2 M
MASTERSON RED CAVESNW OPERATING COMPANY$54.1 M
BIVINSD10 ENERGY LLC$36.4 M
THOMPSONSNW OPERATING COMPANY$35.2 M
MASTERSON RED CAVE UNITSNW OPERATING COMPANY$11.6 M
MCLAUGHLINOILWELL OPERATORS, INC.$10.1 M
BAKER "39"H & M RESOURCES, LLC$9.4 M
THOMPSON -61-SNW OPERATING COMPANY$9.0 M
SNEED 3 & 4 CONSOLIDATEDSNW OPERATING COMPANY$8.3 M
TG THOMPSONSNW OPERATING COMPANY$7.6 M
MASTERSON BBEREN CORPORATION$7.0 M
BIVINS -PR-RENEAU OIL CO.$6.9 M
MASTERSON "A"BEREN CORPORATION$6.8 M
BIVINS 33BEREXCO LLC$6.2 M
BIVINS "S"SNW OPERATING COMPANY$6.2 M
MASTERSON, R.B.BEREN CORPORATION$5.2 M
SNEED -MR-SNW OPERATING COMPANY$4.3 M
MASTERSON "A"SNW OPERATING COMPANY$4.0 M
JOHNCRAZY HORSE OPERATING LLC$2.7 M
THOMPSONP & F OPERATING, LLC$2.7 M
THOMPSON 1SNW OPERATING COMPANY$2.7 M
CURTISHERRMANN, S. W. OIL & GAS$2.5 M
CRAWFORDLEEJAN OIL COMPANY$2.5 M
ARROW-BIVINSS & S OPERATING$2.4 M
MASTERSON "B"SNW OPERATING COMPANY$2.2 M
MASTERSONRENEAU OIL CO.$2.0 M
ARROW-BIVINS 37PS & S OPERATING$2.0 M
SNEED-THOMPSONBEREXCO LLC$1.6 M
MASTERSON "D"SNW OPERATING COMPANY$1.4 M
BIVINSBEREXCO LLC$1.3 M
CRAWFORD-34-SNW OPERATING COMPANY$1.2 M
INDIAN CREEKD10 ENERGY LLC$1.1 M
TEEL, BETTY TRUSTSNW OPERATING COMPANY$892 k
MASTERSON "C"SNW OPERATING COMPANY$852 k
BIVINS (LEEJAN)SNW OPERATING COMPANY$516 k
SNEED SEC. #3BIRD CREEK RESOURCES, INC.$485 k
MASTERSON "E"RENEAU OIL CO.$450 k
MASTERSON "N"CRAZY HORSE OPERATING LLC$434 k
MASTERSON "A"RENEAU OIL CO.$394 k
THOMPSON 75SNW OPERATING COMPANY$378 k
MASTERSON "C"LEEJAN OIL COMPANY$375 k
BIVINSS & S OPERATING$369 k
MASTERSON "B"RENEAU OIL CO.$349 k
BIVINS LITADAMS AFFILIATES, INC.$320 k
BIVINS-D-BURK ROYALTY CO., LTD.$232 k
JOSHUA 2LEEJAN OIL COMPANY$230 k
CRAWFORDSNW OPERATING COMPANY$229 k
EXELL RANCH RCSUNLIGHT EXPLORATION, INC.$202 k
HOLTORF "A"BIG RUN PRODUCTION COMPANY$161 k
BIVINS "A"SNW OPERATING COMPANY$147 k
MASTERSONPIONEER NATURAL RES. USA, INC.$146 k
JOSHUA 1LEEJAN OIL COMPANY$135 k
MASTERSON "H"CRAZY HORSE OPERATING LLC$126 k
MASTERSON "A"SUTTON, JOHN E.$87 k
THOMPSON -26-NEW-TEX OPERATING, LLC$79 k
THOMPSON, T. "23"PONDEROSA TX OPERATING LLC$79 k
MASTERSON-FCRAZY HORSE OPERATING LLC$65 k
BIVINSMCCLELLAND CREEK PROPERTIES,INC.$54 k
MASTERSON "B"SUTTON, JOHN E.$52 k
BIVINS "B"SNW OPERATING COMPANY$44 k
BIVINS "C"SNW OPERATING COMPANY$32 k
R B MASTERSON DPIONEER NATURAL RES. USA, INC.$16 k
THOMPSON, G. "19"H & M RESOURCES, LLC$12 k
R B MASTERSON APIONEER NATURAL RES. USA, INC.$5 k
MASTERSON "G"RENEAU OIL CO.$4 k

Field number 68825800, from the Railroad Commission's field register. The register's own index resolves 114 leases and 1,481 wells to this field by name, over every lease in Texas rather than only those with a page here. It resolves a lease by NAME and refuses an ambiguous one, so it counts nothing for a field that shares its name with another — which is why the lease count above comes from the field number instead.