REAGAN 'G' FEE

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

Oil lease lease 38422District 08Field 20101750OilCasinghead gasSaveExport
Value, all time
$32.9 M
May 2007 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
229
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 54 leases and 187 wells, and the rule below applies to all of them.

Discovered
1993-07-16
as the register files it
Field class
Oil and gas
the register's own label
Between wells
no field rule filed
From a lease line
no field rule filed

The Commission's schedule remark for this field reads: PURSUANT TO DOCKET NO. OG-19-00001664 CONSOLIDATED INTO THE

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
OilDisposition246,237 bbl$19,035,771
Casinghead gasProduction3,936,186 Mcf$13,897,316
Total$32,933,087

Every month this lease reported (229)

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

229 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 202239514,92281.844.54$100,038
Dec 202135914,43071.323.90$81,868
Nov 202137215,32477.435.24$109,053
Oct 202144715,21479.795.71$122,597
Sep 202132412,32669.865.35$88,590
Aug 202139713,96366.024.22$85,142
Jul 202134016,64970.783.98$90,363
Jun 202127016,11669.493.38$73,244
May 202149516,95163.483.02$82,575
Apr 202151117,99160.362.76$80,471
Mar 202156720,92861.302.72$91,617
Feb 202124612,06157.805.55$81,133
Jan 202155317,48050.412.81$77,000
Dec 202059918,65044.642.68$76,637
Nov 202051015,12038.772.71$60,696
Oct 202044617,05036.972.48$58,746
Sep 202029119,44037.091.99$49,499
Aug 202048718,81839.982.39$64,353
Jul 202048519,21638.371.83$53,681
Jun 202054419,36234.901.69$51,713
May 202043215,00716.921.81$34,543
Apr 202047312,90014.751.80$30,253
Mar 202064818,26330.341.86$53,561
Feb 202058718,18749.881.98$65,302
Jan 202058919,66557.252.09$74,913
Dec 201955918,82859.012.30$76,373
Nov 201954018,28755.302.75$80,164
Oct 201955119,22653.472.42$75,961
Sep 201936818,67155.052.66$69,872
Aug 201948819,63053.112.30$71,152
Jul 201946319,54756.272.46$74,140
Jun 201949118,84552.782.49$72,862
May 201956219,67858.482.74$86,790
Apr 201956318,87962.632.75$87,191
Mar 201959219,77656.803.06$94,182
Feb 201963017,93150.852.79$82,103
Jan 201974819,90246.033.23$98,678
Dec 201874519,72946.594.19$117,284
Nov 201866416,67452.934.24$105,797
Oct 201868621,62461.443.40$115,628
Sep 201862121,25559.543.11$103,035
Aug 201865221,98259.403.07$106,138
Jul 201856722,32365.142.93$102,383
Jun 201865421,25760.183.08$104,764
May 201875522,66565.382.90$115,109
Apr 201882022,18263.842.90$116,694
Mar 201881122,96061.222.79$113,635
Feb 201884420,83361.782.77$109,769
Jan 201892622,73862.874.01$149,382
Dec 201779621,58957.272.92$108,660
Nov 201787822,16255.423.12$117,768
Oct 201786623,21149.292.98$111,939
Sep 201748717,50847.523.09$77,194
Aug 201783721,89445.373.00$103,753
Jul 201782423,25343.873.09$107,937
Jun 201785222,46742.493.09$105,563
May 201788922,99745.373.26$115,382
Apr 201795622,24147.933.21$117,250
Mar 201799923,18046.772.98$115,885
Feb 201794321,12350.452.95$109,942
Jan 20171,04023,63449.413.42$132,186
Dec 20161,11923,64848.763.72$142,600
Nov 20161,05724,32542.492.64$109,236
Oct 201692725,61546.193.09$121,975
Sep 201696123,61941.553.10$113,163
Aug 20161,05726,63141.442.92$121,680
Jul 20161,09328,17841.622.92$127,893
Jun 20161,21729,79445.352.69$135,213
May 20161,31030,02342.521.99$115,478
Apr 20161,41031,84536.561.99$114,954
Mar 20161,80532,86433.011.79$118,541
Feb 20161,06026,27726.472.06$82,284
Jan 20162550427.352.36$1,875
Dec 201574714,71432.362.00$53,622
Nov 201581118,23438.792.17$70,978
Oct 201567524,10743.552.43$87,894
Sep 20151,03625,40742.992.76$114,621
Aug 20151,30528,43640.162.87$134,091
Jul 20150048.152.95$0
Jun 201582117,45156.152.88$96,408
May 20151,35925,71855.212.96$151,039
Apr 20151,42226,88649.822.71$143,613
Mar 20151,40728,03542.892.93$142,621
Feb 20151,24727,38844.662.98$137,203
Jan 20151,82424,47543.433.10$155,104
Dec 20141,08628,66854.693.59$162,350
Nov 20141,28327,86670.464.25$208,882
Oct 20141,56531,01278.303.90$243,516
Sep 20141,42630,25386.164.05$245,251
Aug 20141,48431,58989.394.04$260,120
Jul 20141,53831,10196.564.18$278,499
Jun 20141,56032,34798.164.74$306,353
May 20141,74734,93594.734.73$330,616
Apr 20141,76533,39395.944.81$329,925
Mar 20142,07535,28395.895.06$377,391
Feb 20141,88933,80497.406.19$393,303
Jan 20142,21735,60990.404.86$373,502
Dec 20132,17737,45291.824.35$362,976
Nov 20131,60032,53088.853.74$263,766
Oct 20132,19640,54997.423.78$367,184
Sep 20131,70941,321104.113.72$331,545
Aug 20131,79044,014104.253.52$341,652
Jul 20132,01534,661102.523.72$335,438
Jun 20132,15133,84194.403.93$336,165
May 20132,34037,34994.834.15$376,866
Apr 20131,81924,97293.964.28$277,858
Mar 20132,31134,56493.623.91$351,600
Feb 20132,15032,11591.233.42$305,975
Jan 20132,54538,72791.603.42$365,565
Dec 20122,37138,40286.773.42$337,073
Nov 20122,44238,30586.953.62$351,186
Oct 20122,85744,61589.383.40$407,035
Sep 20122,74944,35894.672.92$389,702
Aug 20122,70541,36592.662.91$370,941
Jul 20121,89037,28885.133.02$273,535
Jun 20121,96539,16679.822.52$255,507
May 20121,87637,76191.612.49$265,822
Apr 20121,81531,838101.652.00$248,069
Mar 20122,47836,175105.052.22$340,698
Feb 20122,86433,734101.102.57$376,255
Jan 20122,92938,98898.092.73$393,902
Dec 20111,94632,29796.873.24$293,143
Nov 20113,11239,46195.723.31$428,547
Oct 20112,33541,88784.983.65$351,255
Sep 20112,52039,42783.623.99$367,871
Aug 20112,57644,29383.404.15$398,624
Jul 20112,56546,08094.144.52$449,624
Jun 20112,94150,66792.904.64$508,308
May 20113,77850,44198.134.40$592,919
Apr 20112,45738,146105.964.33$425,641
Mar 20112,86050,14896.364.06$479,057
Feb 20112,15840,08985.644.18$352,382
Jan 20113,24243,12186.504.59$478,306
Dec 20103,97456,06485.734.35$584,443
Nov 20105,02261,48080.843.80$639,315
Oct 20104,97457,99578.103.51$591,967
Sep 20107,70236,42472.633.98$704,344
Aug 20105,51032,55373.684.42$549,840
Jul 20103,50125,96772.554.74$376,990
Jun 20101,3615,92070.364.91$124,830
May 20102,9484,71471.124.24$229,627
Apr 20101,1754,41881.694.12$114,200
Mar 20101,0034,54878.394.39$98,585
Feb 20101,1294,20473.585.44$105,952
Jan 20102,4526,64674.365.96$221,968
Dec 20093712,92571.445.48$42,544
Nov 20091,5514,29974.593.75$131,817
Oct 20095383,23372.544.11$52,315
Sep 20096824,53265.543.06$58,588
Aug 20095941,37467.423.22$44,470
Jul 20096922,91861.133.46$52,411
Jun 20096732,90366.163.90$55,833
May 20094452,63654.743.93$34,708
Apr 20098722,62246.773.59$50,190
Mar 20097942,66542.144.06$44,276
Feb 20098372,81432.814.63$40,499
Jan 20091,0443,31335.865.37$55,232
Dec 20081,0253,63737.105.98$59,766
Nov 20089723,75455.496.86$79,690
Oct 20081,0624,36575.246.92$110,119
Sep 20081,0023,565101.767.88$130,045
Aug 20082,3064,766114.228.48$303,821
Jul 20081,1754,842131.0811.39$209,167
Jun 20081,1374,853131.3313.03$212,570
May 20081,2915,283123.1711.57$220,159
Apr 20081,2825,553110.3110.45$199,473
Mar 20081,8006,682101.909.66$247,995
Feb 20082,6802,91492.538.77$273,538
Jan 20081,9085,85490.388.21$220,481
Dec 20071,3452,33788.337.30$135,869
Nov 20071,2461,95091.677.29$128,440
Oct 20073,6003,43182.856.92$322,009
Sep 20079762,02675.846.24$86,671
Aug 20079741,80569.066.39$78,795
Jul 20071,0452,22170.906.39$88,278
Jun 20079692,27662.007.55$77,258
May 200701058.747.85$78

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.

Jan 2022 — as filed, then multipliedworked
Oil                  395 bbl  × $ 81.84 =    $32,327
Casinghead gas    14,922 Mcf  × $  4.54 =    $67,711

────────────────────────────────────────────────────
Month total                                 $100,038

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. 08/O/38422 is the state's own key, not one this site invented.