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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 23551District 10Field 68831001NGPA filingGasSaveExport
Value, all time
$3.9 M
Jan 1993 – May 2026
Value, last 12 filed months
$57 k
at the published price for each month
Months reported
401
no gaps in the span
Streams
1
gas

The PANHANDLE, WEST field

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
GasProduction828,478 Mcf$3,919,277
Total$3,919,277

56,177 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 35.5626, -101.7998. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

35.56263, -101.79976 · 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.

Completions filed
Mar 2003
1 of 1 wells

1 well

42-37500315B 49—Mar 2003——

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 20261,32498.932.87$3,800
Mar 20261,37689.753.15$4,334
Feb 20261,04763.503.75$3,927
Jan 20261,32359.138.00$10,581
Dec 20251,41156.664.41$6,227
Nov 20251,42058.593.93$5,576
Oct 20251,48559.383.30$4,908
Sep 20251,48262.743.08$4,560
Aug 20251,21963.933.01$3,675
Jul 20251,44766.743.32$4,797
Jun 20251,39466.483.13$4,361
May 20251,47260.553.23$4,758
Apr 20251,30962.363.54$4,638
Mar 202590067.704.27$3,841
Feb 202597770.884.34$4,241
Jan 20251,24474.324.28$5,323
Dec 20241,41368.993.12$4,411
Nov 20241,42569.052.20$3,133
Oct 20241,48771.372.28$3,392
Sep 20241,43869.612.36$3,400
Aug 20241,49575.632.06$3,085
Jul 20241,55879.932.15$3,344
Jun 20241,52878.082.63$4,025
May 20241,56878.812.20$3,447
Apr 20241,51984.451.66$2,520
Mar 20241,37080.301.55$2,117
Feb 20241,21176.091.78$2,160
Jan 20241,30973.023.30$4,317
Dec 20231,62471.262.61$4,240
Nov 20231,63577.892.81$4,590
Oct 20231,72685.443.09$5,329
Sep 20231,70789.042.74$4,669
Aug 20231,53280.522.67$4,095
Jul 20232,62174.852.64$6,924
Jun 20231,53468.962.26$3,465
May 20231,51570.622.23$3,375
Apr 20231,34778.122.24$3,014
Mar 20231,21072.852.39$2,896
Feb 20231,08275.112.47$2,668
Jan 20231,24476.533.39$4,214
Dec 20221,30176.415.73$7,454
Nov 20221,46985.005.65$8,294
Oct 20221,53987.185.86$9,024
Sep 20221,47984.888.16$12,074
Aug 20221,61994.529.13$14,777
Jul 20221,307101.587.54$9,858
Jun 20221,183115.097.98$9,437
May 20221,486109.378.43$12,532
Apr 20221,290104.226.84$8,821
Mar 20221,297108.885.08$6,584
Feb 20221,14491.054.86$5,559
Jan 20221,32781.844.54$6,022
Dec 20211,59371.323.90$6,211
Nov 20211,57777.435.24$8,259
Oct 20211,66479.795.71$9,508
Sep 20211,66669.865.35$8,915
Aug 20211,68866.024.22$7,124
Jul 20211,73370.783.98$6,901
Jun 20211,73469.493.38$5,862
May 20211,72363.483.02$5,199
Apr 202169460.362.76$1,914
Mar 20211,10961.302.72$3,013
Feb 202167857.805.55$3,762
Jan 20212,84850.412.81$8,004
Dec 20203,37544.642.68$9,030
Nov 20203,21438.772.71$8,699
Oct 20203,37236.972.48$8,357
Sep 20203,60437.091.99$7,176
Aug 20203,65939.982.39$8,727
Jul 20201,36838.371.83$2,497
Jun 20201,69234.901.69$2,860
May 20201,62816.921.81$2,954
Apr 20201,34014.751.80$2,418
Mar 20201,18430.341.86$2,198
Feb 20201,00649.881.98$1,993
Jan 20201,31057.252.09$2,744
Dec 2019059.012.30$0
Nov 20191,66555.302.75$4,580
Oct 20191,78053.472.42$4,305
Sep 20192,05055.052.66$5,447
Aug 2019053.112.30$0
Jul 20192,48456.272.46$6,111
Jun 20191,13852.782.49$2,835
May 20191,61858.482.74$4,434
Apr 20191,20262.632.75$3,306
Mar 20191,39756.803.06$4,278
Feb 2019050.852.79$0
Jan 2019046.033.23$0
Dec 2018046.594.19$0
Nov 2018052.934.24$0
Oct 20182,19861.443.40$7,469
Sep 20182,19259.543.11$6,813
Aug 20182,47859.403.07$7,599
Jul 20182,72965.142.93$8,001
Jun 20181,40360.183.08$4,317
May 201864865.382.90$1,880
Apr 201855663.842.90$1,613
Mar 2018061.222.79$0
Feb 20181,13661.782.77$3,142
Jan 20181,71162.874.01$6,860
Dec 20172,00657.272.92$5,861
Nov 20172,43755.423.12$7,599
Oct 201737349.292.98$1,113
Sep 20171,12747.523.09$3,479
Aug 20171,16145.373.00$3,488
Jul 201791043.873.09$2,809
Jun 20171,75242.493.09$5,409
May 20171,57245.373.26$5,130
Apr 20171,58147.933.21$5,078
Mar 20171,65146.772.98$4,926
Feb 20171,49050.452.95$4,399
Jan 20171,50049.413.42$5,128
Dec 20161,73548.763.72$6,459
Nov 20162,09642.492.64$5,543
Oct 20162,26946.193.09$7,012
Sep 20161,62041.553.10$5,023
Aug 20161,20841.442.92$3,533
Jul 20162,17241.622.92$6,352
Jun 20162,18245.352.69$5,860
May 20161,85842.521.99$3,699
Apr 20161,47236.561.99$2,931
Mar 20161,70333.011.79$3,055
Feb 20161,63126.472.06$3,366
Jan 20161,60427.352.36$3,792
Dec 20151,54832.362.00$3,098
Nov 20151,99738.792.17$4,328
Oct 20152,08843.552.43$5,067
Sep 20151,98842.992.76$5,484
Aug 20151,94140.162.87$5,576
Jul 20151,53848.152.95$4,530
Jun 20152,07156.152.88$5,970
May 20151,61055.212.96$4,758
Apr 20151,87749.822.71$5,080
Mar 20151,69742.892.93$4,980
Feb 20151,46544.662.98$4,360
Jan 20151,67743.433.10$5,200
Dec 20141,85854.693.59$6,673
Nov 20141,83470.464.25$7,798
Oct 20141,98078.303.90$7,724
Sep 20141,98986.164.05$8,046
Aug 20141,43989.394.04$5,807
Jul 20141,76796.564.18$7,385
Jun 20141,99398.164.74$9,441
May 20142,36594.734.73$11,178
Apr 20142,34495.944.81$11,273
Mar 20142,33395.895.06$11,798
Feb 20141,98297.406.19$12,273
Jan 20142,38890.404.86$11,607
Dec 20132,25191.824.35$9,802
Nov 20132,39388.853.74$8,946
Oct 20132,55697.423.78$9,660
Sep 20132,488104.113.72$9,250
Aug 20132,631104.253.52$9,268
Jul 20132,648102.523.72$9,845
Jun 20132,56194.403.93$10,073
May 20131,21394.834.15$5,033
Apr 20132,45793.964.28$10,522
Mar 20132,56793.623.91$10,044
Feb 20132,35391.233.42$8,047
Jan 20132,54691.603.42$8,707
Dec 20122,46186.773.42$8,417
Nov 20122,62086.953.62$9,497
Oct 20122,75089.383.40$9,349
Sep 20122,69994.672.92$7,877
Aug 20122,80992.662.91$8,169
Jul 20122,91485.133.02$8,803
Jun 20122,90779.822.52$7,323
May 20122,31791.612.49$5,765
Apr 20122,774101.652.00$5,539
Mar 20122,783105.052.22$6,184
Feb 20122,595101.102.57$6,670
Jan 20122,76998.092.73$7,571
Dec 20112,62796.873.24$8,511
Nov 20112,91295.723.31$9,642
Oct 20112,95684.983.65$10,785
Sep 20112,82383.623.99$11,252
Aug 20112,95083.404.15$12,240
Jul 20112,68894.144.52$12,142
Jun 20112,88892.904.64$13,400
May 20113,06698.134.40$13,505
Apr 20112,931105.964.33$12,701
Mar 20113,03796.364.06$12,322
Feb 20112,50885.644.18$10,483
Jan 20112,73386.504.59$12,541
Dec 20102,62585.734.35$11,413
Nov 20102,88280.843.80$10,938
Oct 20103,06978.103.51$10,769
Sep 20103,02172.633.98$12,022
Aug 20103,24473.684.42$14,336
Jul 20103,22472.554.74$15,270
Jun 20103,39070.364.91$16,646
May 20102,04271.124.24$8,648
Apr 20103,07081.694.12$12,657
Mar 20103,14078.394.39$13,780
Feb 20102,64673.585.44$14,400
Jan 20103,23974.365.96$19,318
Dec 20093,13671.445.48$17,197
Nov 20093,21474.593.75$12,057
Oct 20093,41672.544.11$14,041
Sep 20093,29565.543.06$10,098
Aug 20093,35367.423.22$10,792
Jul 20093,39561.133.46$11,762
Jun 20093,26966.163.90$12,733
May 20093,43354.743.93$13,477
Apr 20093,50246.773.59$12,563
Mar 20093,39942.144.06$13,797
Feb 20092,89532.814.63$13,413
Jan 20093,16335.865.37$16,988
Dec 20083,14937.105.98$18,822
Nov 20083,43755.496.86$23,579
Oct 20083,66275.246.92$25,348
Sep 20083,602101.767.88$28,373
Aug 20083,793114.228.48$32,176
Jul 20083,866131.0811.39$44,032
Jun 20083,782131.3313.03$49,289
May 20083,767123.1711.57$43,600
Apr 20083,914110.3110.45$40,920
Mar 20083,799101.909.66$36,714
Feb 20083,22592.538.77$28,285
Jan 20083,75690.388.21$30,821
Dec 20073,49388.337.30$25,506
Nov 20073,92491.677.29$28,613
Oct 20074,07782.856.92$28,221
Sep 20074,17675.846.24$26,076
Aug 20074,43169.066.39$28,305
Jul 20074,56370.906.39$29,148
Jun 20074,45762.007.55$33,643
May 20073,17358.747.85$24,896
Apr 20073,41659.617.81$26,663
Mar 20073,42056.927.30$24,973
Feb 20072,81755.108.22$23,144
Jan 20073,39850.306.73$22,858
Dec 20063,91456.656.92$27,079
Nov 20064,34954.207.62$33,128
Oct 20064,37254.906.01$26,292
Sep 20064,67860.085.04$23,564
Aug 20064,99268.717.34$36,641
Jul 20065,43869.376.34$34,492
Jun 20061,66366.286.38$10,616
May 20065,16066.016.42$33,153
Apr 20064,99064.397.36$36,729
Mar 20065,53856.707.08$39,225
Feb 20065,11957.597.75$39,678
Jan 20065,79260.598.93$51,742
Dec 20055,82554.9413.42$78,145
Nov 20055,89054.6910.59$62,366
Oct 20056,25458.3413.80$86,279
Sep 20056,60961.4512.08$79,830
Aug 20057,37961.519.80$72,291
Jul 20056,64555.697.84$52,121
Jun 20054,56452.337.38$33,687
May 20054,98745.226.65$33,169
Apr 20057,86949.207.36$57,920
Mar 20059,25250.377.15$66,197
Feb 20058,10545.226.31$51,158
Jan 20052,29543.166.32$14,509
Dec 200445339.866.75$3,058
Nov 200478945.286.33$4,995
Oct 20041,34349.706.52$8,750
Sep 20044,32043.245.28$22,826
Aug 20044,43742.375.55$24,628
Jul 20042,65338.286.08$16,141
Jun 20044,21436.106.43$27,109
May 20044,24937.486.49$27,595
Apr 20041,16934.475.86$6,849
Mar 20041,91334.365.53$10,579
Feb 20041,35932.455.51$7,488
Jan 200498032.036.30$6,174
Dec 200393830.266.30$5,911
Nov 20034,84128.804.60$22,245
Oct 20035,22128.174.76$24,850
Sep 20035,23926.314.75$24,882
Aug 20038,10029.765.13$41,551
Jul 20038,47729.415.17$43,833
Jun 20037,86728.565.98$47,068
May 20038,94926.595.97$53,450
Apr 20039,53726.675.41$51,569
Mar 20032,88531.146.10$17,587
Feb 2003033.487.93$0
Jan 2003030.315.58$0
Dec 200217726.914.85$859
Nov 200266824.664.14$2,763
Oct 200270126.464.23$2,965
Sep 200275527.443.64$2,745
Aug 200279925.963.16$2,528
Jul 200281024.583.06$2,480
Jun 200279423.733.34$2,651
May 200263224.663.58$2,265
Apr 200273923.653.51$2,596
Mar 200266922.003.10$2,076
Feb 200247518.222.38$1,128
Jan 200276417.172.38$1,815
Dec 200171016.932.36$1,679
Nov 200184318.072.41$2,028
Oct 200182219.782.53$2,079
Sep 200181224.262.25$1,828
Aug 200183524.873.05$2,549
Jul 200191223.933.20$2,916
Jun 200166824.563.82$2,555
May 200176525.524.31$3,295
Apr 200174824.685.34$3,991
Mar 200171924.545.38$3,866
Feb 200157027.755.77$3,287
Jan 200161927.478.40$5,199
Dec 200063126.889.12$5,756
Nov 200073032.215.66$4,130
Oct 200084531.235.15$4,348
Sep 200075631.875.19$3,921
Aug 200087829.644.54$3,987
Jul 200081728.534.09$3,341
Jun 200077929.304.40$3,425
May 200091327.263.68$3,360
Apr 200067824.513.12$2,113
Mar 200079128.422.86$2,262
Feb 200071627.622.73$1,952
Jan 200086025.272.48$2,133
Dec 199973224.282.42$1,774
Nov 199987323.192.43$2,125
Oct 199986320.982.80$2,420
Sep 199992921.752.62$2,433
Aug 199989819.262.88$2,582
Jul 199996417.892.37$2,287
Jun 199987515.942.36$2,067
May 199999715.792.32$2,314
Apr 199982115.102.21$1,813
Mar 199975012.471.84$1,379
Feb 19997009.981.82$1,272
Jan 199968510.381.90$1,301
Dec 19988079.201.77$1,431
Nov 199882810.892.19$1,810
Oct 199898512.421.97$1,940
Sep 199895712.592.08$1,993
Aug 199897911.301.91$1,867
Jul 19981,00611.742.24$2,251
Jun 199885411.242.24$1,911
May 199881112.622.21$1,789
Apr 199883013.042.51$2,079
Mar 199888912.802.31$2,053
Feb 199885113.952.30$1,957
Jan 199881214.702.15$1,750
Dec 19971,00216.322.41$2,416
Nov 199793018.193.09$2,872
Oct 199793719.253.15$2,951
Sep 19971,03617.742.95$3,061
Aug 19971,12417.862.55$2,872
Jul 19971,10117.582.25$2,474
Jun 19971,12217.242.26$2,533
May 19971,12018.972.31$2,586
Apr 199792117.882.08$1,918
Mar 199795318.951.94$1,848
Feb 199794120.492.21$2,076
Jan 199797423.483.54$3,448
Dec 199699923.32—$0
Nov 199697021.97—$0
Oct 19961,08123.31—$0
Sep 199696722.22—$0
Aug 199691120.26—$0
Jul 19961,20419.55—$0
Jun 19961,17718.73—$0
May 19961,18119.43—$0
Apr 19961,13721.51—$0
Mar 19961,12019.38—$0
Feb 199697716.98—$0
Jan 19961,05517.07—$0
Dec 19951,12817.19—$0
Nov 19951,19416.00—$0
Oct 19951,00915.43—$0
Sep 199594916.18—$0
Aug 199551915.92—$0
Jul 199576915.24—$0
Jun 19951,17716.41—$0
May 19951,11317.56—$0
Apr 19951,17417.73—$0
Mar 199599016.44—$0
Feb 199597716.58—$0
Jan 199599015.92—$0
Dec 19941,09015.03—$0
Nov 19941,19115.90—$0
Oct 19941,22615.58—$0
Sep 19941,24015.29—$0
Aug 19941,24916.13—$0
Jul 19941,34217.56—$0
Jun 19941,26017.09—$0
May 19941,14915.88—$0
Apr 19941,23514.14—$0
Mar 19941,20912.46—$0
Feb 19941,15312.50—$0
Jan 19941,47112.66—$0
Dec 19931,37212.33—$0
Nov 19931,22714.49—$0
Oct 19931,29115.85—$0
Sep 19931,25915.03—$0
Aug 19931,44815.66—$0
Jul 19931,47715.46—$0
Jun 19931,25816.79—$0
May 19931,44217.68—$0
Apr 19931,45218.05—$0
Mar 19931,46818.14—$0
Feb 19931,30117.90—$0
Jan 19931,59916.93—$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                1,324 Mcf  × $  2.87 =     $3,800

────────────────────────────────────────────────────
Month total                                   $3,800

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/23551 is the state's own key, not one this site invented.