MASTERSON

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

Gas lease lease 23480District 10Field 68831001GasSaveExport
Value, all time
$2.2 M
Jan 1993 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
401
no gaps in the span
Streams
1
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 4,532 leases and 4,532 wells, and the rule below applies to all of them.

Discovered
1933-02-08
as the register files it
Field class
Gas
the register's own label
Between wells
660 ft
minimum
From a lease line
330 ft
minimum

A drilling unit in this field needs at least 160 acres. The field rule took effect on 2013-11-12.

The Commission's schedule remark for this field reads: IS HEREBY SUSPENDED.

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
GasProduction1,174,503 Mcf$2,213,876
Total$2,213,876

560,829 Mcf of this lease's gas, across 48 months, carries no value here. No free Texas wellhead gas price exists before 1997, so those months are left out of the total rather than valued at zero. The total above is therefore a floor, not an estimate.

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 35.6579, -101.7260. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

35.65792, -101.72604 · 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
0.0%
0 of 1 wells
With a plug date
0.0%
0 of 1 wells
Median depth
no depth filed
Completion to plug
no well filed both dates

What the state filed about each well

On the RRC proration schedule
00.0%
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.
1100.0%

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.

1 well

42-34101639A 1

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 (401)

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

401 months

May 20260106.413.05$0
Apr 2026098.932.87$0
Mar 2026089.753.15$0
Feb 2026063.503.75$0
Jan 2026059.138.00$0
Dec 2025056.664.41$0
Nov 2025058.593.93$0
Oct 2025059.383.30$0
Sep 2025062.743.08$0
Aug 2025063.933.01$0
Jul 2025066.743.32$0
Jun 2025066.483.13$0
May 2025060.553.23$0
Apr 2025062.363.54$0
Mar 2025067.704.27$0
Feb 2025070.884.34$0
Jan 2025074.324.28$0
Dec 2024068.993.12$0
Nov 2024069.052.20$0
Oct 2024071.372.28$0
Sep 2024069.612.36$0
Aug 2024075.632.06$0
Jul 2024079.932.15$0
Jun 2024078.082.63$0
May 2024078.812.20$0
Apr 2024084.451.66$0
Mar 2024080.301.55$0
Feb 2024076.091.78$0
Jan 2024073.023.30$0
Dec 2023071.262.61$0
Nov 2023077.892.81$0
Oct 2023085.443.09$0
Sep 2023089.042.74$0
Aug 2023080.522.67$0
Jul 2023074.852.64$0
Jun 2023068.962.26$0
May 2023070.622.23$0
Apr 2023078.122.24$0
Mar 2023072.852.39$0
Feb 2023075.112.47$0
Jan 2023076.533.39$0
Dec 2022076.415.73$0
Nov 2022085.005.65$0
Oct 2022087.185.86$0
Sep 2022084.888.16$0
Aug 2022094.529.13$0
Jul 20220101.587.54$0
Jun 20220115.097.98$0
May 20220109.378.43$0
Apr 20220104.226.84$0
Mar 20220108.885.08$0
Feb 2022091.054.86$0
Jan 2022081.844.54$0
Dec 2021071.323.90$0
Nov 2021077.435.24$0
Oct 2021079.795.71$0
Sep 2021069.865.35$0
Aug 2021066.024.22$0
Jul 2021070.783.98$0
Jun 2021069.493.38$0
May 2021063.483.02$0
Apr 2021060.362.76$0
Mar 2021061.302.72$0
Feb 2021057.805.55$0
Jan 2021050.412.81$0
Dec 2020044.642.68$0
Nov 2020038.772.71$0
Oct 2020036.972.48$0
Sep 2020037.091.99$0
Aug 2020039.982.39$0
Jul 2020038.371.83$0
Jun 2020034.901.69$0
May 2020016.921.81$0
Apr 2020014.751.80$0
Mar 2020030.341.86$0
Feb 2020049.881.98$0
Jan 2020057.252.09$0
Dec 2019059.012.30$0
Nov 2019055.302.75$0
Oct 2019053.472.42$0
Sep 2019055.052.66$0
Aug 2019053.112.30$0
Jul 2019056.272.46$0
Jun 2019052.782.49$0
May 2019058.482.74$0
Apr 2019062.632.75$0
Mar 2019056.803.06$0
Feb 2019050.852.79$0
Jan 2019046.033.23$0
Dec 2018046.594.19$0
Nov 2018052.934.24$0
Oct 2018061.443.40$0
Sep 2018059.543.11$0
Aug 2018059.403.07$0
Jul 2018065.142.93$0
Jun 2018060.183.08$0
May 2018065.382.90$0
Apr 2018063.842.90$0
Mar 2018061.222.79$0
Feb 2018061.782.77$0
Jan 2018062.874.01$0
Dec 2017057.272.92$0
Nov 2017055.423.12$0
Oct 2017049.292.98$0
Sep 2017047.523.09$0
Aug 2017045.373.00$0
Jul 2017043.873.09$0
Jun 2017042.493.09$0
May 2017045.373.26$0
Apr 2017047.933.21$0
Mar 2017046.772.98$0
Feb 2017050.452.95$0
Jan 2017049.413.42$0
Dec 2016048.763.72$0
Nov 2016042.492.64$0
Oct 2016046.193.09$0
Sep 2016041.553.10$0
Aug 2016041.442.92$0
Jul 2016041.622.92$0
Jun 2016045.352.69$0
May 2016042.521.99$0
Apr 2016036.561.99$0
Mar 2016033.011.79$0
Feb 2016026.472.06$0
Jan 2016027.352.36$0
Dec 2015032.362.00$0
Nov 2015038.792.17$0
Oct 2015043.552.43$0
Sep 2015042.992.76$0
Aug 2015040.162.87$0
Jul 2015048.152.95$0
Jun 2015056.152.88$0
May 2015055.212.96$0
Apr 2015049.822.71$0
Mar 2015042.892.93$0
Feb 2015044.662.98$0
Jan 2015043.433.10$0
Dec 2014054.693.59$0
Nov 2014070.464.25$0
Oct 2014078.303.90$0
Sep 2014086.164.05$0
Aug 2014089.394.04$0
Jul 2014096.564.18$0
Jun 2014098.164.74$0
May 2014094.734.73$0
Apr 2014095.944.81$0
Mar 2014095.895.06$0
Feb 2014097.406.19$0
Jan 2014090.404.86$0
Dec 2013091.824.35$0
Nov 2013088.853.74$0
Oct 2013097.423.78$0
Sep 20130104.113.72$0
Aug 20130104.253.52$0
Jul 20130102.523.72$0
Jun 2013094.403.93$0
May 2013094.834.15$0
Apr 2013093.964.28$0
Mar 2013093.623.91$0
Feb 2013091.233.42$0
Jan 2013091.603.42$0
Dec 2012086.773.42$0
Nov 2012086.953.62$0
Oct 2012089.383.40$0
Sep 2012094.672.92$0
Aug 2012092.662.91$0
Jul 2012085.133.02$0
Jun 2012079.822.52$0
May 2012091.612.49$0
Apr 20120101.652.00$0
Mar 20120105.052.22$0
Feb 20120101.102.57$0
Jan 2012098.092.73$0
Dec 2011096.873.24$0
Nov 2011095.723.31$0
Oct 2011084.983.65$0
Sep 2011083.623.99$0
Aug 2011083.404.15$0
Jul 2011094.144.52$0
Jun 2011092.904.64$0
May 2011098.134.40$0
Apr 20110105.964.33$0
Mar 2011096.364.06$0
Feb 2011085.644.18$0
Jan 2011086.504.59$0
Dec 2010085.734.35$0
Nov 2010080.843.80$0
Oct 2010078.103.51$0
Sep 2010072.633.98$0
Aug 2010073.684.42$0
Jul 2010072.554.74$0
Jun 2010070.364.91$0
May 2010071.124.24$0
Apr 2010081.694.12$0
Mar 2010078.394.39$0
Feb 2010073.585.44$0
Jan 2010074.365.96$0
Dec 2009071.445.48$0
Nov 2009074.593.75$0
Oct 2009072.544.11$0
Sep 2009065.543.06$0
Aug 2009067.423.22$0
Jul 2009061.133.46$0
Jun 2009066.163.90$0
May 2009054.743.93$0
Apr 2009046.773.59$0
Mar 2009042.144.06$0
Feb 2009032.814.63$0
Jan 2009035.865.37$0
Dec 2008037.105.98$0
Nov 2008055.496.86$0
Oct 2008075.246.92$0
Sep 20080101.767.88$0
Aug 20080114.228.48$0
Jul 20080131.0811.39$0
Jun 20080131.3313.03$0
May 20080123.1711.57$0
Apr 20080110.3110.45$0
Mar 20080101.909.66$0
Feb 2008092.538.77$0
Jan 2008090.388.21$0
Dec 2007088.337.30$0
Nov 2007091.677.29$0
Oct 2007082.856.92$0
Sep 2007075.846.24$0
Aug 2007069.066.39$0
Jul 2007070.906.39$0
Jun 2007062.007.55$0
May 2007058.747.85$0
Apr 2007059.617.81$0
Mar 2007056.927.30$0
Feb 2007055.108.22$0
Jan 2007050.306.73$0
Dec 2006056.656.92$0
Nov 2006054.207.62$0
Oct 2006054.906.01$0
Sep 2006060.085.04$0
Aug 2006068.717.34$0
Jul 2006069.376.34$0
Jun 2006066.286.38$0
May 2006066.016.42$0
Apr 2006064.397.36$0
Mar 2006056.707.08$0
Feb 2006057.597.75$0
Jan 2006060.598.93$0
Dec 2005054.9413.42$0
Nov 2005054.6910.59$0
Oct 2005058.3413.80$0
Sep 2005061.4512.08$0
Aug 2005061.519.80$0
Jul 2005055.697.84$0
Jun 2005052.337.38$0
May 2005045.226.65$0
Apr 2005049.207.36$0
Mar 2005050.377.15$0
Feb 2005045.226.31$0
Jan 2005043.166.32$0
Dec 2004039.866.75$0
Nov 2004045.286.33$0
Oct 20042,96649.706.52$19,324
Sep 20044,64243.245.28$24,528
Aug 20044,91342.375.55$27,270
Jul 20044,97838.286.08$30,287
Jun 20044,98436.106.43$32,062
May 20044,52637.486.49$29,394
Apr 20044,81134.475.86$28,185
Mar 20045,00934.365.53$27,700
Feb 20044,68332.455.51$25,802
Jan 20044,96432.036.30$31,271
Dec 20035,02130.266.30$31,641
Nov 20034,89328.804.60$22,484
Oct 20035,21428.174.76$24,817
Sep 20035,11126.314.75$24,274
Aug 20035,19029.765.13$26,623
Jul 20035,34629.415.17$27,643
Jun 20035,30628.565.98$31,746
May 20035,19626.595.97$31,034
Apr 20035,36626.675.41$29,015
Mar 20035,57231.146.10$33,967
Feb 20034,90033.487.93$38,837
Jan 20035,75630.315.58$32,130
Dec 20025,85226.914.85$28,404
Nov 20025,95324.664.14$24,627
Oct 20026,07826.464.23$25,705
Sep 20026,00027.443.64$21,811
Aug 20026,28925.963.16$19,899
Jul 20026,61424.583.06$20,250
Jun 20025,32523.733.34$17,776
May 20026,29924.663.58$22,576
Apr 20026,51323.653.51$22,876
Mar 20025,83122.003.10$18,092
Feb 20025,42018.222.38$12,876
Jan 20026,04717.172.38$14,366
Dec 20016,53916.932.36$15,461
Nov 20016,40318.072.41$15,403
Oct 20016,51819.782.53$16,483
Sep 20011,00124.262.25$2,254
Aug 20016,07424.873.05$18,545
Jul 20016,94523.933.20$22,204
Jun 20016,21824.563.82$23,779
May 20016,66425.524.31$28,704
Apr 20016,84224.685.34$36,504
Mar 20016,64424.545.38$35,721
Feb 20016,52327.755.77$37,619
Jan 20016,92127.478.40$58,128
Dec 20007,14526.889.12$65,180
Nov 20006,81832.215.66$38,576
Oct 20006,76731.235.15$34,820
Sep 20007,15531.875.19$37,109
Aug 20007,41229.644.54$33,656
Jul 20007,85628.534.09$32,129
Jun 20007,27829.304.40$32,003
May 20007,14427.263.68$26,288
Apr 20007,02224.513.12$21,881
Mar 20007,70328.422.86$22,029
Feb 20006,16027.622.73$16,795
Jan 20007,73725.272.48$19,192
Dec 19997,23524.282.42$17,536
Nov 19998,06123.192.43$19,620
Oct 19997,35420.982.80$20,618
Sep 19996,86121.752.62$17,968
Aug 19998,03919.262.88$23,117
Jul 19998,66617.892.37$20,559
Jun 19996,68315.942.36$15,786
May 19995,95715.792.32$13,826
Apr 19996,23215.102.21$13,761
Mar 19996,83412.471.84$12,563
Feb 19996,0599.981.82$11,014
Jan 19996,65810.381.90$12,650
Dec 19987,1609.201.77$12,697
Nov 19986,33410.892.19$13,844
Oct 19986,71612.421.97$13,225
Sep 19987,07512.592.08$14,735
Aug 19988,03111.301.91$15,318
Jul 19988,37411.742.24$18,735
Jun 19988,07211.242.24$18,059
May 19986,16312.622.21$13,598
Apr 19984,54113.042.51$11,377
Mar 19986,45712.802.31$14,912
Feb 19986,89213.952.30$15,846
Jan 19988,44314.702.15$18,193
Dec 19978,89116.322.41$21,437
Nov 19977,86018.193.09$24,274
Oct 19978,01119.253.15$25,233
Sep 19978,64317.742.95$25,539
Aug 19978,90017.862.55$22,737
Jul 19978,90117.582.25$20,000
Jun 19978,42617.242.26$19,019
May 19978,48518.972.31$19,588
Apr 19978,62817.882.08$17,970
Mar 19979,01418.951.94$17,479
Feb 19979,21320.492.21$20,323
Jan 19978,74823.483.54$30,965
Dec 19969,47723.32$0
Nov 19968,08521.97$0
Oct 19969,00623.31$0
Sep 19968,97722.22$0
Aug 19967,59420.26$0
Jul 199611,27519.55$0
Jun 19969,52918.73$0
May 199611,19819.43$0
Apr 199610,48821.51$0
Mar 199610,87219.38$0
Feb 19969,95716.98$0
Jan 199611,53517.07$0
Dec 199510,87917.19$0
Nov 19958,33416.00$0
Oct 199511,27215.43$0
Sep 19957,75816.18$0
Aug 199510,03015.92$0
Jul 199510,94215.24$0
Jun 19958,95316.41$0
May 199510,47317.56$0
Apr 199510,35317.73$0
Mar 199511,70716.44$0
Feb 19959,08116.58$0
Jan 19959,48015.92$0
Dec 199412,23915.03$0
Nov 199412,04915.90$0
Oct 199412,91815.58$0
Sep 199412,82915.29$0
Aug 199413,33816.13$0
Jul 199412,99817.56$0
Jun 199413,01817.09$0
May 199414,04715.88$0
Apr 199411,55014.14$0
Mar 199414,14812.46$0
Feb 199412,57612.50$0
Jan 199413,75112.66$0
Dec 199313,61712.33$0
Nov 199313,19014.49$0
Oct 199313,67115.85$0
Sep 199313,32215.03$0
Aug 199311,75715.66$0
Jul 199315,54815.46$0
Jun 199310,93416.79$0
May 199315,67417.68$0
Apr 199315,26718.05$0
Mar 199315,42218.14$0
Feb 199314,38217.90$0
Jan 199315,32916.93$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.

Oct 2004 — as filed, then multipliedworked
Gas                2,966 Mcf  × $  6.52 =    $19,324

────────────────────────────────────────────────────
Month total                                  $19,324

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. 10/G/23480 is the state's own key, not one this site invented.