REAGAN 'H' 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 38668District 08Field 20101750OilCasinghead gasSaveExport
Value, all time
$17.4 M
Jan 2008 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
221
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
OilDisposition174,193 bbl$12,723,427
Casinghead gasProduction1,279,034 Mcf$4,644,462
Total$17,367,889

Every month this lease reported (221)

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

221 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 20222615,50481.844.54$46,336
Dec 20214015,52371.323.90$50,134
Nov 20212685,89077.435.24$51,596
Oct 20212665,92679.795.71$55,085
Sep 20212634,26669.865.35$41,200
Aug 20212425,02666.024.22$37,190
Jul 20212776,20170.783.98$44,299
Jun 20211906,08469.493.38$33,771
May 20212586,34663.483.02$35,528
Apr 20212446,35260.362.76$32,249
Mar 20213537,27361.302.72$41,399
Feb 20211464,58757.805.55$33,887
Jan 20213187,50050.412.81$37,107
Dec 20202837,53044.642.68$32,779
Nov 20201926,22438.772.71$24,290
Oct 20202204,60736.972.48$19,552
Sep 20201284,09137.091.99$12,893
Aug 20202274,66839.982.39$20,209
Jul 20202644,76238.371.83$18,821
Jun 20203564,56534.901.69$20,141
May 20201254,55216.921.81$10,376
Apr 20202085,35814.751.80$12,736
Mar 20202796,12230.341.86$19,829
Feb 20202676,03549.881.98$25,271
Jan 20203076,64057.252.09$31,485
Dec 20193006,13859.012.30$31,847
Nov 20193676,32655.302.75$37,696
Oct 20194066,49253.472.42$37,410
Sep 20192825,87155.052.66$31,125
Aug 20193484,99953.112.30$30,002
Jul 20193105,64956.272.46$31,341
Jun 20193526,29352.782.49$34,256
May 20194046,09058.482.74$40,314
Apr 20193785,73862.632.75$39,458
Mar 20193016,06856.803.06$35,678
Feb 20193575,55350.852.79$33,659
Jan 20194356,49846.033.23$41,000
Dec 20184416,32946.594.19$47,036
Nov 20183645,20352.934.24$41,313
Oct 20183737,07361.443.40$46,952
Sep 20184026,90559.543.11$45,396
Aug 20184867,14059.403.07$50,764
Jul 20183457,26765.142.93$43,779
Jun 20183776,71260.183.08$43,340
May 20184577,05065.382.90$50,329
Apr 20185186,81963.842.90$52,850
Mar 20184906,95761.222.79$49,386
Feb 20184496,45561.782.77$45,595
Jan 20185357,40962.874.01$63,341
Dec 20174667,10657.272.92$47,448
Nov 20175327,03855.423.12$51,430
Oct 20175987,28249.292.98$51,203
Sep 20173426,59347.523.09$36,606
Aug 20175576,83245.373.00$45,797
Jul 20175727,13243.873.09$47,112
Jun 20175587,04442.493.09$45,456
May 20174916,91445.373.26$44,840
Apr 20175606,93847.933.21$49,123
Mar 20176217,10346.772.98$50,237
Feb 20175696,41450.452.95$47,644
Jan 20175597,33449.413.42$52,694
Dec 20165507,39248.763.72$54,337
Nov 20166977,50342.492.64$49,456
Oct 20166157,06346.193.09$50,233
Sep 20165837,26641.553.10$46,753
Aug 20166137,66841.442.92$47,827
Jul 20168748,13641.622.92$60,168
Jun 20167967,71045.352.69$56,806
May 20167227,46942.521.99$45,571
Apr 20167887,33336.561.99$43,410
Mar 20161,1938,24533.011.79$54,173
Feb 20167249,33326.472.06$38,424
Jan 20161420727.352.36$872
Dec 20154516,18932.362.00$26,981
Nov 20157106,63538.792.17$41,921
Oct 20158887,10643.552.43$55,916
Sep 20158459,15342.992.76$61,574
Aug 20154789,18340.162.87$45,575
Jul 20150048.152.95$0
Jun 20154524,69256.152.88$38,906
May 20157127,29955.212.96$60,881
Apr 20155527,47149.822.71$47,721
Mar 20158957,63342.892.93$60,787
Feb 20157247,04044.662.98$53,286
Jan 20157627,69743.433.10$56,959
Dec 20148687,86454.693.59$75,713
Nov 20146717,61870.464.25$79,669
Oct 20149948,12978.303.90$109,541
Sep 20149187,99786.164.05$111,446
Aug 20148067,94489.394.04$104,103
Jul 20149048,08096.564.18$121,061
Jun 20148687,85198.164.74$122,392
May 20148718,15394.734.73$121,045
Apr 20149037,99495.944.81$125,078
Mar 20141,0068,24995.895.06$138,179
Feb 20147637,63797.406.19$121,605
Jan 20148698,41990.404.86$119,480
Dec 20138578,45091.824.35$115,485
Nov 20136498,36188.853.74$88,919
Oct 20139178,97597.423.78$123,254
Sep 20131,0668,976104.113.72$144,352
Aug 20138188,005104.253.52$113,475
Jul 20131,1439,017102.523.72$150,703
Jun 20131,0259,16694.403.93$132,814
May 20131,1049,54094.834.15$144,275
Apr 20131,0738,39693.964.28$136,776
Mar 20131,2049,89193.623.91$151,421
Feb 20138809,20791.233.42$111,770
Jan 20131,24810,46991.603.42$150,120
Dec 20121,14610,11986.773.42$134,047
Nov 20121,13210,25586.953.62$135,601
Oct 20121,27510,81489.383.40$150,724
Sep 20121,44110,62594.672.92$167,427
Aug 20121,16510,55592.662.91$138,645
Jul 20121,55010,13185.133.02$162,555
Jun 20121,14010,19279.822.52$116,669
May 20121,39011,61091.612.49$156,227
Apr 20121,2579,570101.652.00$146,883
Mar 20121,38111,566105.052.22$170,775
Feb 20121,18711,262101.102.57$148,952
Jan 20121,47411,97798.092.73$177,331
Dec 20111,41413,07896.873.24$179,344
Nov 20111,32912,75995.723.31$169,461
Oct 20112,00313,74684.983.65$220,368
Sep 20111,60511,55183.623.99$180,250
Aug 20111,13312,62383.404.15$146,869
Jul 20111,53514,22794.144.52$208,772
Jun 20111,70214,01192.904.64$223,125
May 20111,78914,51798.134.40$239,499
Apr 20111,94413,583105.964.33$264,845
Mar 20112,26015,50496.364.06$280,679
Feb 20112,70714,21385.644.18$291,238
Jan 20111,85214,85586.504.59$228,364
Dec 20102,28918,37885.734.35$276,139
Nov 20103,23018,56580.843.80$331,574
Oct 20102,65612,55578.103.51$251,488
Sep 20106789,45072.633.98$86,849
Aug 20101,13310,47873.684.42$129,785
Jul 20101,3528,59072.554.74$138,774
Jun 20101,6028,06270.364.91$152,304
May 20101,7768,36871.124.24$161,749
Apr 20101,0828,43181.694.12$123,147
Mar 20101,3809,97178.394.39$151,938
Feb 20105176,43473.585.44$73,057
Jan 20101,3828,18574.365.96$151,582
Dec 20091,7447,56671.445.48$166,081
Nov 20092,2987,98774.593.75$201,371
Oct 20092,401072.544.11$174,169
Sep 20093,0587,72165.543.06$224,084
Aug 20091,2687,52067.423.22$109,692
Jul 20092,0276,62461.133.46$146,859
Jun 20092,6258,28766.163.90$205,948
May 20092,2244,30554.743.93$138,642
Apr 20092,4394,81446.773.59$131,342
Mar 20093,4785,49342.144.06$168,859
Feb 20092,6514,93132.814.63$109,825
Jan 20093,5406,13935.865.37$159,917
Dec 20084,1746,94037.105.98$196,337
Nov 20087,8068,03755.496.86$488,292
Oct 20084,8324,01575.246.92$391,351
Sep 20082,3454,390101.767.88$273,208
Aug 20082,1865,554114.228.48$296,800
Jul 20082,8863,663131.0811.39$420,016
Jun 20081,6142,521131.3313.03$244,822
May 2008468557123.1711.57$64,090
Apr 2008428685110.3110.45$54,374
Mar 20083041,090101.909.66$41,511
Feb 20087551,05992.538.77$79,148
Jan 200844611990.388.21$41,286

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                  261 bbl  × $ 81.84 =    $21,360
Casinghead gas     5,504 Mcf  × $  4.54 =    $24,975

────────────────────────────────────────────────────
Month total                                  $46,336

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/38668 is the state's own key, not one this site invented.