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 23539District 10Field 68831001NGPA filingGasSaveExport
Value, all time
$812 k
Jan 1993 – May 2026
Value, last 12 filed months
$24 k
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.

Severance-tax incentive filings

Applications the operator filed to have this lease's gas taxed at a reduced state rate. A filing is an application, and this page never calls one a reduction that was granted.

ProgrammeFilingsWith an approval dateDatedDocket
NGPA1none

This says nothing about a royalty. A severance tax is charged to the operator. Whether a reduced rate reaches a royalty owner depends on the wording of the lease instrument, which is a private contract this site does not hold.

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
GasProduction265,068 Mcf$812,486
Total$812,486

51,944 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 35.4824, -101.8034. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

35.48240, -101.80339 · 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

42-37500286B 37

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 202655298.932.87$1,584
Mar 202657189.753.15$1,798
Feb 202650463.503.75$1,890
Jan 202659759.138.00$4,775
Dec 202555956.664.41$2,467
Nov 202554858.593.93$2,152
Oct 202557659.383.30$1,904
Sep 202556462.743.08$1,735
Aug 202557763.933.01$1,740
Jul 202558666.743.32$1,943
Jun 202557266.483.13$1,790
May 202559260.553.23$1,914
Apr 202557262.363.54$2,027
Mar 202559767.704.27$2,548
Feb 202545370.884.34$1,966
Jan 202557774.324.28$2,469
Dec 202457968.993.12$1,807
Nov 202456869.052.20$1,249
Oct 202459771.372.28$1,362
Sep 202458269.612.36$1,376
Aug 202460575.632.06$1,249
Jul 202461079.932.15$1,309
Jun 202459078.082.63$1,554
May 202461378.812.20$1,348
Apr 202459084.451.66$979
Mar 202461080.301.55$943
Feb 202456576.091.78$1,008
Jan 202459673.023.30$1,965
Dec 202359271.262.61$1,546
Nov 202358177.892.81$1,631
Oct 202361485.443.09$1,896
Sep 202360289.042.74$1,646
Aug 202363080.522.67$1,684
Jul 202349074.852.64$1,294
Jun 202361268.962.26$1,382
May 202363870.622.23$1,421
Apr 202361978.122.24$1,385
Mar 202363572.852.39$1,520
Feb 202356575.112.47$1,393
Jan 202363776.533.39$2,158
Dec 202261776.415.73$3,535
Nov 202260885.005.65$3,433
Oct 202263787.185.86$3,735
Sep 202262584.888.16$5,102
Aug 202264694.529.13$5,896
Jul 2022656101.587.54$4,948
Jun 2022627115.097.98$5,002
May 2022662109.378.43$5,583
Apr 2022637104.226.84$4,356
Mar 2022667108.885.08$3,386
Feb 202257391.054.86$2,784
Jan 202264381.844.54$2,918
Dec 202165571.323.90$2,554
Nov 202163977.435.24$3,346
Oct 202167279.795.71$3,840
Sep 202165969.865.35$3,526
Aug 202168666.024.22$2,895
Jul 202169170.783.98$2,752
Jun 202167469.493.38$2,279
May 202170563.483.02$2,127
Apr 202160560.362.76$1,669
Mar 202185661.302.72$2,326
Feb 202135257.805.55$1,953
Jan 202167650.412.81$1,900
Dec 202067044.642.68$1,793
Nov 202068338.772.71$1,849
Oct 202064336.972.48$1,594
Sep 202067637.091.99$1,346
Aug 202070139.982.39$1,672
Jul 202070438.371.83$1,285
Jun 202068734.901.69$1,161
May 202071516.921.81$1,298
Apr 202071914.751.80$1,297
Mar 202074630.341.86$1,385
Feb 202067649.881.98$1,339
Jan 202073157.252.09$1,531
Dec 2019059.012.30$0
Nov 201971155.302.75$1,956
Oct 201973853.472.42$1,785
Sep 201972755.052.66$1,932
Aug 2019053.112.30$0
Jul 201975456.272.46$1,855
Jun 201973652.782.49$1,834
May 201976058.482.74$2,083
Apr 201974262.632.75$2,041
Mar 201975556.803.06$2,312
Feb 2019050.852.79$0
Jan 2019046.033.23$0
Dec 2018046.594.19$0
Nov 2018052.934.24$0
Oct 201876261.443.40$2,589
Sep 201874759.543.11$2,322
Aug 201878659.403.07$2,410
Jul 201880065.142.93$2,346
Jun 201882760.183.08$2,545
May 201870765.382.90$2,051
Apr 201890963.842.90$2,637
Mar 201851661.222.79$1,438
Feb 201871861.782.77$1,986
Jan 201876862.874.01$3,079
Dec 201775057.272.92$2,191
Nov 201783455.423.12$2,601
Oct 201786749.292.98$2,587
Sep 201764447.523.09$1,988
Aug 201787045.373.00$2,614
Jul 201779743.873.09$2,461
Jun 201783242.493.09$2,569
May 201787245.373.26$2,846
Apr 201785647.933.21$2,749
Mar 201789546.772.98$2,670
Feb 201782450.452.95$2,433
Jan 201795249.413.42$3,255
Dec 201676448.763.72$2,844
Nov 201693342.492.64$2,467
Oct 20161,05946.193.09$3,273
Sep 201655441.553.10$1,718
Aug 201689741.442.92$2,623
Jul 201695941.622.92$2,804
Jun 201693945.352.69$2,522
May 201698642.521.99$1,963
Apr 201697236.561.99$1,935
Mar 20161,02533.011.79$1,839
Feb 201695726.472.06$1,975
Jan 20161,06227.352.36$2,511
Dec 20151,09432.362.00$2,190
Nov 20151,08638.792.17$2,354
Oct 20151,15543.552.43$2,803
Sep 20151,15442.992.76$3,183
Aug 20151,22240.162.87$3,510
Jul 20151,26448.152.95$3,723
Jun 20151,28956.152.88$3,716
May 20151,27155.212.96$3,756
Apr 20151,35449.822.71$3,665
Mar 20151,48842.892.93$4,367
Feb 20151,40844.662.98$4,190
Jan 20151,70643.433.10$5,290
Dec 20141,87554.693.59$6,734
Nov 20141,74470.464.25$7,415
Oct 20142,12278.303.90$8,278
Sep 20142,15186.164.05$8,702
Aug 20141,98089.394.04$7,990
Jul 20142,99496.564.18$12,514
Jun 20143,72298.164.74$17,631
May 20143,65694.734.73$17,280
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 200614457.597.75$1,116
Jan 200693060.598.93$8,308
Dec 20051,03954.9413.42$13,939
Nov 200579154.6910.59$8,375
Oct 20051,01458.3413.80$13,989
Sep 20051,21361.4512.08$14,652
Aug 20051,01661.519.80$9,954
Jul 2005055.697.84$0
Jun 2005052.337.38$0
May 200547145.226.65$3,133
Apr 200554249.207.36$3,989
Mar 200584050.377.15$6,010
Feb 200576545.226.31$4,829
Jan 200583543.166.32$5,279
Dec 200484739.866.75$5,718
Nov 200481045.286.33$5,128
Oct 200486649.706.52$5,642
Sep 200481443.245.28$4,301
Aug 200485942.375.55$4,768
Jul 200485638.286.08$5,208
Jun 200483236.106.43$5,352
May 200487837.486.49$5,702
Apr 200477234.475.86$4,523
Mar 200483334.365.53$4,607
Feb 200480232.455.51$4,419
Jan 200486232.036.30$5,430
Dec 200386630.266.30$5,457
Nov 200384228.804.60$3,869
Oct 200388428.174.76$4,208
Sep 200385726.314.75$4,070
Aug 200388829.765.13$4,555
Jul 200390129.415.17$4,659
Jun 200387428.565.98$5,229
May 200390726.595.97$5,417
Apr 200365626.675.41$3,547
Mar 200370531.146.10$4,298
Feb 200364933.487.93$5,144
Jan 200375130.315.58$4,192
Dec 200274026.914.85$3,592
Nov 200272324.664.14$2,991
Oct 200277426.464.23$3,273
Sep 200273727.443.64$2,679
Aug 200277925.963.16$2,465
Jul 200278224.583.06$2,394
Jun 200273823.733.34$2,464
May 200273724.663.58$2,641
Apr 200269023.653.51$2,424
Mar 200272822.003.10$2,259
Feb 200278618.222.38$1,867
Jan 200282517.172.38$1,960
Dec 200189816.932.36$2,123
Nov 200192818.072.41$2,232
Oct 200195119.782.53$2,405
Sep 200189924.262.25$2,024
Aug 200199524.873.05$3,038
Jul 200190123.933.20$2,881
Jun 200192724.563.82$3,545
May 200194225.524.31$4,058
Apr 200190324.685.34$4,818
Mar 200186424.545.38$4,645
Feb 200180827.755.77$4,660
Jan 200180527.478.40$6,761
Dec 200090026.889.12$8,210
Nov 200091432.215.66$5,171
Oct 200095431.235.15$4,909
Sep 200091631.875.19$4,751
Aug 200098829.644.54$4,486
Jul 200093528.534.09$3,824
Jun 200085229.304.40$3,746
May 20001,02927.263.68$3,786
Apr 200086824.513.12$2,705
Mar 200093128.422.86$2,662
Feb 200085127.622.73$2,320
Jan 200094925.272.48$2,354
Dec 199991824.282.42$2,225
Nov 19991,01023.192.43$2,458
Oct 199991720.982.80$2,571
Sep 199997921.752.62$2,564
Aug 19991,01419.262.88$2,916
Jul 19991,05417.892.37$2,500
Jun 19991,04615.942.36$2,471
May 199990315.792.32$2,096
Apr 199983815.102.21$1,850
Mar 19991,01512.471.84$1,866
Feb 19999339.981.82$1,696
Jan 199986910.381.90$1,651
Dec 19989599.201.77$1,701
Nov 19981,04510.892.19$2,284
Oct 199894412.421.97$1,859
Sep 19981,03412.592.08$2,153
Aug 199896311.301.91$1,837
Jul 19981,09511.742.24$2,450
Jun 19981,04411.242.24$2,336
May 199885412.622.21$1,884
Apr 199892413.042.51$2,315
Mar 19981,02512.802.31$2,367
Feb 199886613.952.30$1,991
Jan 199894314.702.15$2,032
Dec 199799116.322.41$2,389
Nov 199792618.193.09$2,860
Oct 199796619.253.15$3,043
Sep 199795017.742.95$2,807
Aug 19971,08817.862.55$2,780
Jul 19971,06917.582.25$2,402
Jun 19971,06317.242.26$2,399
May 19971,01918.972.31$2,352
Apr 199797517.882.08$2,031
Mar 19971,00018.951.94$1,939
Feb 199794420.492.21$2,082
Jan 19971,14923.483.54$4,067
Dec 19961,01023.32$0
Nov 199699521.97$0
Oct 19961,06123.31$0
Sep 19961,08022.22$0
Aug 19961,01920.26$0
Jul 19961,06919.55$0
Jun 19961,07418.73$0
May 19961,08319.43$0
Apr 19961,00021.51$0
Mar 19961,04319.38$0
Feb 19961,11516.98$0
Jan 19961,10317.07$0
Dec 19951,11417.19$0
Nov 19951,20816.00$0
Oct 19951,17515.43$0
Sep 19951,00716.18$0
Aug 199583315.92$0
Jul 199575715.24$0
Jun 199579916.41$0
May 19951,01017.56$0
Apr 19951,14517.73$0
Mar 19951,00916.44$0
Feb 199593616.58$0
Jan 19951,06215.92$0
Dec 19941,06715.03$0
Nov 19941,07215.90$0
Oct 19941,15015.58$0
Sep 19941,09215.29$0
Aug 19941,12816.13$0
Jul 19941,16917.56$0
Jun 19941,12417.09$0
May 19941,13315.88$0
Apr 19941,12414.14$0
Mar 19941,04112.46$0
Feb 19941,02012.50$0
Jan 19941,12112.66$0
Dec 19931,12712.33$0
Nov 19931,11414.49$0
Oct 19931,13015.85$0
Sep 19931,15015.03$0
Aug 19931,21215.66$0
Jul 19931,24015.46$0
Jun 19931,19116.79$0
May 19931,21317.68$0
Apr 19931,24518.05$0
Mar 19931,08418.14$0
Feb 19931,08517.90$0
Jan 19931,20516.93$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.

Apr 2026 — as filed, then multipliedworked
Gas                  552 Mcf  × $  2.87 =     $1,584

────────────────────────────────────────────────────
Month total                                   $1,584

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/23539 is the state's own key, not one this site invented.