GAYLOR

Operated by BURK ROYALTY CO., LTD. (P-5 108799) in the FORT TRINIDAD, EAST (BUDA) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 26048District 03Field 32157071OilCasinghead gasSaveExport
Value, all time
$3.9 M
Jan 2012 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
173
no gaps in the span
Streams
2
oil, casinghead gas

The Railroad Commission's own record for the field this lease produces from, including the spacing rule that governs how close together its wells may be drilled.

These are facts about the field, not about this lease. The field holds 310 leases and 403 wells, and the rule below applies to all of them.

Discovered
1965-04-27
as the register files it
Field class
Oil and gas
the register's own label
Between wells
933 ft
minimum
From a lease line
467 ft
minimum

A drilling unit in this field needs at least 80 acres. The field rule took effect on 2016-02-23.

The Commission's schedule remark for this field reads: DUE TO COMPUTER RESTRAINTS THE HIGHEST POSSIBLE TOP IS 3499

What this lease produced, and what it was worth

Oil and condensate are valued on the volume the state records as disposed of; gas and casinghead gas on the volume produced. They are different columns of different files, and the difference is not cosmetic.

StreamBasisVolumeValue
OilDisposition37,885 bbl$3,420,629
Casinghead gasProduction132,572 Mcf$519,185
Total$3,939,813

Wells on this lease (1)

Every wellbore the Railroad Commission records against this lease key, with the depth, the last completion and the plug date exactly as filed. A well with no plug date is not stated to be producing — the state files no such flag.

These wells centre on 30.9529, -95.7752. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.95288, -95.77521 · centre of the wells drawn, derived

What these wells add up to

Every figure below is counted over all of this lease's wells, not over the rows listed above. The Railroad Commission files two facts about a well's state — a plug date and a proration-schedule flag — and a well can carry both, so they are published as separate counts and never merged into a status.

On the schedule
100.0%
1 of 1 wells
With a plug date
100.0%
1 of 1 wells
Median depth
12,200 ft
1 wells filed one
Completion to plug
7.3 years
median over 1 well

What the state filed about each well

On the RRC proration schedule
1100.0%
A plug date is filed
1100.0%
BothOn the schedule and plugged. Neither fact cancels the other.
1100.0%
NeitherNo plug date, and not on the schedule.
00.0%

A plug date is the date the Commission recorded the wellbore as sealed with cement and abandoned. It is the only end-of-life fact Texas files. There is no "active" flag on a well, so this page does not print one — a well with no plug date is not stated to be producing.

How deep they were drilled

The one well that filed a depth was drilled to 12,200 ft.

Completions filed
Jan 2012
1 of 1 wells
Plug dates filed
Apr 2019
1 of 1 wells

Last completion to plug: a median of 7.3 years across the 1 well that filed both dates, with the middle half between 7.3 years and 7.3 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-31330900112,200 ftJan 2012Apr 2019Yes

The API number is the state's, prefixed 42 for Texas. A well is matched to this lease by the lease key the Commission files on the wellbore record, so a well that has moved between leases appears under each one it was filed against.

Every month this lease reported (173)

Volume × price = value, one row per cycle. The price columns are the same series published on the prices page — nothing here is modelled.

173 months

May 202600106.413.05$0
Apr 20260098.932.87$0
Mar 20260089.753.15$0
Feb 20260063.503.75$0
Jan 20260059.138.00$0
Dec 20250056.664.41$0
Nov 20250058.593.93$0
Oct 20250059.383.30$0
Sep 20250062.743.08$0
Aug 20250063.933.01$0
Jul 20250066.743.32$0
Jun 20250066.483.13$0
May 20250060.553.23$0
Apr 20250062.363.54$0
Mar 20250067.704.27$0
Feb 20250070.884.34$0
Jan 20250074.324.28$0
Dec 20240068.993.12$0
Nov 20240069.052.20$0
Oct 20240071.372.28$0
Sep 20240069.612.36$0
Aug 20240075.632.06$0
Jul 20240079.932.15$0
Jun 20240078.082.63$0
May 20240078.812.20$0
Apr 20240084.451.66$0
Mar 20240080.301.55$0
Feb 20240076.091.78$0
Jan 20240073.023.30$0
Dec 20230071.262.61$0
Nov 20230077.892.81$0
Oct 20230085.443.09$0
Sep 20230089.042.74$0
Aug 20230080.522.67$0
Jul 20230074.852.64$0
Jun 20230068.962.26$0
May 20230070.622.23$0
Apr 20230078.122.24$0
Mar 20230072.852.39$0
Feb 20230075.112.47$0
Jan 20230076.533.39$0
Dec 20220076.415.73$0
Nov 20220085.005.65$0
Oct 20220087.185.86$0
Sep 20220084.888.16$0
Aug 20220094.529.13$0
Jul 202200101.587.54$0
Jun 202200115.097.98$0
May 202200109.378.43$0
Apr 202200104.226.84$0
Mar 202200108.885.08$0
Feb 20220091.054.86$0
Jan 20220081.844.54$0
Dec 20210071.323.90$0
Nov 20210077.435.24$0
Oct 20210079.795.71$0
Sep 20210069.865.35$0
Aug 20210066.024.22$0
Jul 20210070.783.98$0
Jun 20210069.493.38$0
May 20210063.483.02$0
Apr 20210060.362.76$0
Mar 20210061.302.72$0
Feb 20210057.805.55$0
Jan 20210050.412.81$0
Dec 20200044.642.68$0
Nov 20200038.772.71$0
Oct 20200036.972.48$0
Sep 20200037.091.99$0
Aug 20200039.982.39$0
Jul 20200038.371.83$0
Jun 20200034.901.69$0
May 20200016.921.81$0
Apr 20200014.751.80$0
Mar 20200030.341.86$0
Feb 20200049.881.98$0
Jan 20200057.252.09$0
Dec 20190059.012.30$0
Nov 20190055.302.75$0
Oct 20190053.472.42$0
Sep 20190055.052.66$0
Aug 20190053.112.30$0
Jul 20190056.272.46$0
Jun 20190052.782.49$0
May 20190058.482.74$0
Apr 20190062.632.75$0
Mar 20190056.803.06$0
Feb 20190050.852.79$0
Jan 20190046.033.23$0
Dec 20180046.594.19$0
Nov 20180052.934.24$0
Oct 20180061.443.40$0
Sep 201804759.543.11$146
Aug 201806659.403.07$202
Jul 201808265.142.93$240
Jun 2018012360.183.08$378
May 201806365.382.90$183
Apr 201805263.842.90$151
Mar 201807861.222.79$217
Feb 2018012561.782.77$346
Jan 20181822462.874.01$11,539
Dec 20170957.272.92$26
Nov 201702155.423.12$65
Oct 20170749.292.98$21
Sep 20170847.523.09$25
Aug 20170145.373.00$3
Jul 201703643.873.09$111
Jun 2017182042.493.09$7,733
May 20170045.373.26$0
Apr 2017011647.933.21$373
Mar 201706646.772.98$197
Feb 20170050.452.95$0
Jan 2017013449.413.42$458
Dec 20160048.763.72$0
Nov 20160042.492.64$0
Oct 20160046.193.09$0
Sep 20160041.553.10$0
Aug 20160041.442.92$0
Jul 20160041.622.92$0
Jun 20160045.352.69$0
May 2016158042.521.99$6,718
Apr 2016011336.561.99$225
Mar 201618025833.011.79$6,405
Feb 2016027526.472.06$568
Jan 201618524127.352.36$5,630
Dec 2015011732.362.00$234
Nov 20150938.792.17$20
Oct 2015015243.552.43$369
Sep 20150042.992.76$0
Aug 20150040.162.87$0
Jul 20151762648.152.95$8,551
Jun 20150056.152.88$0
May 2015178055.212.96$9,827
Apr 201517862349.822.71$10,554
Mar 2015015442.892.93$452
Feb 201517945844.662.98$9,357
Jan 20151841,38143.433.10$12,273
Dec 20141843,36154.693.59$22,134
Nov 20141811,48370.464.25$19,059
Oct 201417618978.303.90$14,518
Sep 201411,44986.164.05$5,948
Aug 201411,85789.394.04$7,583
Jul 20141852,58996.564.18$28,685
Jun 20145001,75598.164.74$57,393
May 20141772,36994.734.73$27,964
Apr 20141,4073,34095.944.81$151,050
Mar 20148773,44195.895.06$101,496
Feb 20149083,69697.406.19$111,325
Jan 20145463,25690.404.86$65,185
Dec 20139733,60391.824.35$105,030
Nov 201386310,83088.853.74$117,163
Oct 20131,0894,83297.423.78$124,352
Sep 20131,0644,488104.113.72$127,458
Aug 20131,2413,219104.253.52$140,714
Jul 20131,2462,526102.523.72$137,131
Jun 20131,07211,05094.403.93$144,661
May 20131,66514,35694.834.15$217,456
Apr 20132,0453,85193.964.28$208,640
Mar 20132,7955,12693.623.91$281,725
Feb 20133,261091.233.42$297,501
Jan 20133,5567,66991.603.42$351,957
Dec 20123,6188,88886.773.42$344,332
Nov 20123,6657,75986.953.62$346,798
Oct 20122,4986,68589.383.40$245,998
Sep 2012050794.672.92$1,480
Aug 201243,53392.662.91$10,645
Jul 20120085.133.02$0
Jun 20120079.822.52$0
May 20120091.612.49$0
Apr 201200101.652.00$0
Mar 201200105.052.22$0
Feb 20123050101.102.57$30,836
Jan 20120098.092.73$0

How to read this page

The arithmetic is one multiplication per stream per month. Here it is, worked, on a real row from the table above.

Sep 2018 — as filed, then multipliedworked
Oil                    0 bbl  × $ 59.54 =         $0
Casinghead gas        47 Mcf  × $  3.11 =       $146

────────────────────────────────────────────────────
Month total                                     $146

The volumes are the state's, unchanged

Every barrel and every Mcf on this page is a number the Railroad Commission of Texas published in its monthly production query. Nothing is modelled, estimated or filled in.

The dollars are a multiplication, not a valuation

Volume × a published monthly price. It is not what the operator was paid: it takes no account of a contract, a differential, a transportation deduction, or the share any one owner holds.

Oil and gas are priced differently

Oil is a Texas realisation — the crude oil first purchase price. Gas is a benchmark, because no free Texas wellhead gas series exists at any date. The prices page publishes the difference rather than correcting it away.

A lease is not a well

The state reports oil on lease and gas on well, and this page is the lease grain. 03/O/26048 is the state's own key, not one this site invented.