STERLING 'T' 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 38948District 08Field 20101750OilCasinghead gasSaveExport
Value, all time
$7.1 M
May 2008 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
217
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
OilDisposition105,556 bbl$6,741,276
Casinghead gasProduction97,871 Mcf$356,068
Total$7,097,343

Wells on this lease (7)

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 31.7029, -101.2357. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.9 miles.

31.70167, -101.23687 · 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%
7 of 7 wells
With a plug date
0.0%
0 of 7 wells
Median depth
8,265 ft
7 wells filed one
Completion to plug
no well filed both dates

What the state filed about each well

On the RRC proration schedule
7100.0%
A plug date is filed
00.0%
BothOn the schedule and plugged. Neither fact cancels the other.
00.0%
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

Between 8,250 and 8,400 ft, median 8,265 ft, over the 7 wells that filed a depth.

Completions filed
May 2008 – Apr 2016
7 of 7 wells

7 wells

42-4313134358,265 ftApr 2016Yes
42-4313110038,400 ftApr 2016Yes
42-43131799118,250 ftMar 2016Yes
42-43132192128,250 ftSep 2013Yes
42-4313177998,300 ftJul 2010Yes
42-43132666138,250 ftJan 2009Yes
42-43131778108,350 ftMay 2008Yes

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 (217)

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

217 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 20225731,14881.844.54$52,104
Dec 20216421,20171.323.90$50,470
Nov 20217971,07277.435.24$67,326
Oct 20219571,10379.795.71$82,661
Sep 20218061,02669.865.35$61,797
Aug 202136998766.024.22$28,527
Jul 202141234770.783.98$30,543
Jun 202136857669.493.38$27,520
May 202142810763.483.02$27,492
Apr 202144727860.362.76$27,748
Mar 202148527561.302.72$30,478
Feb 202122012157.805.55$13,387
Jan 202144623750.412.81$23,149
Dec 202044930744.642.68$20,865
Nov 202070933638.772.71$28,397
Oct 202089945036.972.48$34,351
Sep 202081633437.091.99$30,930
Aug 202083152039.982.39$34,464
Jul 202078546038.371.83$30,960
Jun 202068143534.901.69$24,502
May 202061757916.921.81$11,490
Apr 202066130514.751.80$10,300
Mar 202070735030.341.86$22,100
Feb 202077337849.881.98$39,306
Jan 202090933857.252.09$52,748
Dec 201988337559.012.30$52,970
Nov 201984224855.302.75$47,245
Oct 201986826453.472.42$47,050
Sep 201972329355.052.66$40,580
Aug 201975541853.112.30$41,061
Jul 201974572256.272.46$43,697
Jun 201950848952.782.49$28,030
May 201945744158.482.74$27,934
Apr 201941544262.632.75$27,207
Mar 201965438556.803.06$38,326
Feb 201963249950.852.79$33,531
Jan 201951853946.033.23$25,584
Dec 201849755546.594.19$25,478
Nov 201847341752.934.24$26,803
Oct 201850852461.443.40$32,992
Sep 201845147859.543.11$28,338
Aug 201842547459.403.07$26,699
Jul 201835243765.142.93$24,211
Jun 201829838360.183.08$19,112
May 201843146865.382.90$29,536
Apr 201855948563.842.90$37,093
Mar 201871157861.222.79$45,138
Feb 201873457661.782.77$46,940
Jan 201884665162.874.01$55,798
Dec 201787178657.272.92$52,178
Nov 20171,01468955.423.12$58,344
Oct 201775256649.292.98$38,755
Sep 201748962447.523.09$25,164
Aug 201774968545.373.00$36,040
Jul 201764854943.873.09$30,123
Jun 201774165942.493.09$33,520
May 201784263645.373.26$40,277
Apr 201779856747.933.21$40,069
Mar 201779960046.772.98$39,159
Feb 201786257150.452.95$45,174
Jan 20171,19468049.413.42$61,320
Dec 20161,31157348.763.72$66,058
Nov 201695755742.492.64$42,136
Oct 201694060046.193.09$45,273
Sep 201691452041.553.10$39,589
Aug 20169191,38041.442.92$42,119
Jul 20161,0522,45441.622.92$50,961
Jun 20161,1152,82845.352.69$58,161
May 20161,6013,58442.521.99$75,210
Apr 20162,1322,19136.561.99$82,308
Mar 20161,5991,14333.011.79$54,834
Feb 201679848226.472.06$22,118
Jan 201622327.352.36$609
Dec 201555918232.362.00$18,454
Nov 201561614138.792.17$24,200
Oct 201566344543.552.43$29,953
Sep 201568454042.992.76$30,895
Aug 201531218640.162.87$13,064
Jul 20154048.152.95$193
Jun 201538935856.152.88$22,874
May 201555457155.212.96$32,274
Apr 201561553349.822.71$32,082
Mar 201584058142.892.93$37,733
Feb 201575856744.662.98$35,540
Jan 201590570343.433.10$41,484
Dec 201482584554.693.59$48,154
Nov 201491894870.464.25$68,713
Oct 20141,0111,16978.303.90$83,722
Sep 20149651,27486.164.05$88,298
Aug 20141,2321,50089.394.04$116,181
Jul 20141,5731,23196.564.18$157,034
Jun 20141,61572398.164.74$161,953
May 20141,51575094.734.73$147,061
Apr 20141,18249695.944.81$115,786
Mar 20141,06758195.895.06$105,253
Feb 201497746297.406.19$98,021
Jan 20141,18182690.404.86$110,777
Dec 201357849791.824.35$55,236
Nov 20131,54487088.853.74$140,437
Oct 20131,18982397.423.78$118,943
Sep 20131,005703104.113.72$107,244
Aug 2013777519104.253.52$82,830
Jul 2013553315102.523.72$57,865
Jun 201375917494.403.93$72,334
May 201355229994.834.15$53,587
Apr 201347235493.964.28$45,865
Mar 201347728893.623.91$45,784
Feb 201323228891.233.42$22,150
Jan 201326840091.603.42$25,917
Dec 201220644686.773.42$19,400
Nov 201226955486.953.62$25,398
Oct 201224744889.383.40$23,600
Sep 201233411094.672.92$31,941
Aug 201247318192.662.91$44,355
Jul 201227116885.133.02$23,578
Jun 201218616579.822.52$15,262
May 201215733191.612.49$15,206
Apr 2012183347101.652.00$19,295
Mar 2012274359105.052.22$29,581
Feb 2012152257101.102.57$16,028
Jan 201221832498.092.73$22,269
Dec 201112337196.873.24$13,117
Nov 201133455595.723.31$33,808
Oct 201149554484.983.65$44,050
Sep 201135149183.623.99$31,308
Aug 201136545883.404.15$32,341
Jul 201129749294.144.52$30,182
Jun 201119445992.904.64$20,152
May 201127254498.134.40$29,088
Apr 2011303465105.964.33$34,121
Mar 20114342796.364.06$5,876
Feb 201135950085.644.18$32,835
Jan 20116291,03386.504.59$59,149
Dec 201014673985.734.35$15,730
Nov 201027664180.843.80$24,745
Oct 201087198778.103.51$71,488
Sep 201025758372.633.98$20,986
Aug 201018169073.684.42$16,385
Jul 201012577272.554.74$12,725
Jun 201018260770.364.91$15,786
May 20101659671.124.24$3,662
Apr 201040138481.694.12$34,341
Mar 201040752578.394.39$34,209
Feb 201025620973.585.44$19,974
Jan 201046818074.365.96$35,874
Dec 200949233471.445.48$36,980
Nov 200920412474.593.75$15,682
Oct 200923327172.544.11$18,016
Sep 200974362165.543.06$50,599
Aug 200980773667.423.22$56,777
Jul 200996781561.133.46$61,936
Jun 20091,03378666.163.90$71,405
May 20099471,03054.743.93$55,882
Apr 200992888346.773.59$46,570
Mar 20091,30784242.144.06$58,495
Feb 20091,91797432.814.63$67,409
Jan 200918332935.865.37$8,329
Dec 200824835737.105.98$11,335
Nov 200810937855.496.86$8,642
Oct 200814945975.246.92$14,388
Sep 2008428494101.767.88$47,445
Aug 20087561,163114.228.48$96,216
Jul 2008820619131.0811.39$114,536
Jun 2008407234131.3313.03$56,501
May 200800123.1711.57$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.

Jan 2022 — as filed, then multipliedworked
Oil                  573 bbl  × $ 81.84 =    $46,894
Casinghead gas     1,148 Mcf  × $  4.54 =     $5,209

────────────────────────────────────────────────────
Month total                                  $52,104

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/38948 is the state's own key, not one this site invented.