MERCHANT, IRA C.

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 23835District 10Field 68831001GasSaveExport
Value, all time
$42 k
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
GasProduction25,801 Mcf$42,416
Total$42,416

13,297 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.

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
2,920 ft
1 wells filed one
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.

How deep they were drilled

The one well that filed a depth was drilled to 2,920 ft.

Completions filed
Jul 1942
1 of 1 wells

1 well

42-0658017932,920 ftJul 1942

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 20151055.212.96$30
Apr 20151549.822.71$41
Mar 2015042.892.93$0
Feb 2015044.662.98$0
Jan 2015243.433.10$6
Dec 20142754.693.59$97
Nov 20141670.464.25$68
Oct 20141478.303.90$55
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 2014797.406.19$43
Jan 20142490.404.86$117
Dec 20132191.824.35$91
Nov 20131088.853.74$37
Oct 20132497.423.78$91
Sep 201318104.113.72$67
Aug 201319104.253.52$67
Jul 201322102.523.72$82
Jun 20131994.403.93$75
May 20132394.834.15$95
Apr 20132993.964.28$124
Mar 20132693.623.91$102
Feb 20131991.233.42$65
Jan 20131491.603.42$48
Dec 20121086.773.42$34
Nov 20122086.953.62$73
Oct 20121889.383.40$61
Sep 20121694.672.92$47
Aug 20122292.662.91$64
Jul 20122885.133.02$85
Jun 20123379.822.52$83
May 20121991.612.49$47
Apr 201228101.652.00$56
Mar 201228105.052.22$62
Feb 201221101.102.57$54
Jan 20122498.092.73$66
Dec 20112896.873.24$91
Nov 20113595.723.31$116
Oct 20116184.983.65$223
Sep 20113683.623.99$143
Aug 20113883.404.15$158
Jul 20114394.144.52$194
Jun 20112092.904.64$93
May 20111298.134.40$53
Apr 20110105.964.33$0
Mar 2011096.364.06$0
Feb 2011085.644.18$0
Jan 20111086.504.59$46
Dec 20102685.734.35$113
Nov 20102580.843.80$95
Oct 20101178.103.51$39
Sep 20102372.633.98$92
Aug 20103873.684.42$168
Jul 20101272.554.74$57
Jun 20101970.364.91$93
May 20102371.124.24$97
Apr 20102681.694.12$107
Mar 20102878.394.39$123
Feb 20102473.585.44$131
Jan 20102874.365.96$167
Dec 20092871.445.48$154
Nov 20092774.593.75$101
Oct 20092872.544.11$115
Sep 20092765.543.06$83
Aug 20092867.423.22$90
Jul 20093161.133.46$107
Jun 20093566.163.90$136
May 20093754.743.93$145
Apr 20092746.773.59$97
Mar 20092042.144.06$81
Feb 20092332.814.63$107
Jan 20092835.865.37$150
Dec 20082137.105.98$126
Nov 20081655.496.86$110
Oct 20081875.246.92$125
Sep 200812101.767.88$95
Aug 200818114.228.48$153
Jul 200826131.0811.39$296
Jun 20089131.3313.03$117
May 200824123.1711.57$278
Apr 200820110.3110.45$209
Mar 200814101.909.66$135
Feb 20082592.538.77$219
Jan 20082390.388.21$189
Dec 20071488.337.30$102
Nov 2007391.677.29$22
Oct 2007882.856.92$55
Sep 2007975.846.24$56
Aug 20071769.066.39$109
Jul 20071170.906.39$70
Jun 20072062.007.55$151
May 20071458.747.85$110
Apr 2007659.617.81$47
Mar 20072056.927.30$146
Feb 20071155.108.22$90
Jan 2007850.306.73$54
Dec 2006556.656.92$35
Nov 20061054.207.62$76
Oct 20061454.906.01$84
Sep 20061360.085.04$65
Aug 20061868.717.34$132
Jul 20061569.376.34$95
Jun 20061366.286.38$83
May 20061566.016.42$96
Apr 20061964.397.36$140
Mar 20062456.707.08$170
Feb 2006557.597.75$39
Jan 20061960.598.93$170
Dec 2005754.9413.42$94
Nov 2005954.6910.59$95
Oct 20051158.3413.80$152
Sep 2005561.4512.08$60
Aug 20051361.519.80$127
Jul 20051355.697.84$102
Jun 20051452.337.38$103
May 20052445.226.65$160
Apr 20053949.207.36$287
Mar 20055550.377.15$394
Feb 20054445.226.31$278
Jan 20054343.166.32$272
Dec 20042939.866.75$196
Nov 20042845.286.33$177
Oct 20042349.706.52$150
Sep 20045843.245.28$306
Aug 20045742.375.55$316
Jul 20047938.286.08$481
Jun 20048836.106.43$566
May 200418637.486.49$1,208
Apr 20041334.475.86$76
Mar 2004034.365.53$0
Feb 2004032.455.51$0
Jan 2004032.036.30$0
Dec 2003030.266.30$0
Nov 2003028.804.60$0
Oct 2003028.174.76$0
Sep 2003026.314.75$0
Aug 2003029.765.13$0
Jul 2003029.415.17$0
Jun 20031428.565.98$84
May 20031326.595.97$78
Apr 20031026.675.41$54
Mar 2003031.146.10$0
Feb 2003733.487.93$55
Jan 200316030.315.58$893
Dec 200216526.914.85$801
Nov 200214024.664.14$579
Oct 20022526.464.23$106
Sep 2002027.443.64$0
Aug 20021125.963.16$35
Jul 20029724.583.06$297
Jun 2002023.733.34$0
May 2002024.663.58$0
Apr 2002023.653.51$0
Mar 2002022.003.10$0
Feb 2002018.222.38$0
Jan 20021217.172.38$29
Dec 200122716.932.36$537
Nov 200132118.072.41$772
Oct 20016319.782.53$159
Sep 200112724.262.25$286
Aug 2001024.873.05$0
Jul 2001023.933.20$0
Jun 20015924.563.82$226
May 20011425.524.31$60
Apr 2001624.685.34$32
Mar 20011024.545.38$54
Feb 2001527.755.77$29
Jan 2001227.478.40$17
Dec 20003826.889.12$347
Nov 20008032.215.66$453
Oct 20005131.235.15$262
Sep 20004931.875.19$254
Aug 20006729.644.54$304
Jul 20009328.534.09$380
Jun 200013829.304.40$607
May 200024327.263.68$894
Apr 20003124.513.12$97
Mar 20003128.422.86$89
Feb 20002527.622.73$68
Jan 20004325.272.48$107
Dec 1999224.282.42$5
Nov 1999723.192.43$17
Oct 19996520.982.80$182
Sep 199912221.752.62$320
Aug 1999819.262.88$23
Jul 19991917.892.37$45
Jun 19998515.942.36$201
May 199915315.792.32$355
Apr 19996615.102.21$146
Mar 19998212.471.84$151
Feb 1999329.981.82$58
Jan 19995810.381.90$110
Dec 1998679.201.77$119
Nov 19987210.892.19$157
Oct 19987412.421.97$146
Sep 19986112.592.08$127
Aug 199820711.301.91$395
Jul 199814711.742.24$329
Jun 19988411.242.24$188
May 199823112.622.21$510
Apr 199813113.042.51$328
Mar 199820412.802.31$471
Feb 199829213.952.30$671
Jan 199835614.702.15$767
Dec 199755516.322.41$1,338
Nov 199749518.193.09$1,529
Oct 199718419.253.15$580
Sep 199733917.742.95$1,002
Aug 199740317.862.55$1,030
Jul 199730117.582.25$676
Jun 199747917.242.26$1,081
May 199740318.972.31$930
Apr 199748517.882.08$1,010
Mar 199732918.951.94$638
Feb 199715820.492.21$349
Jan 199746523.483.54$1,646
Dec 199630423.32$0
Nov 199652121.97$0
Oct 199646223.31$0
Sep 199644222.22$0
Aug 199646620.26$0
Jul 199632819.55$0
Jun 199611618.73$0
May 199614919.43$0
Apr 199616321.51$0
Mar 199610019.38$0
Feb 19963116.98$0
Jan 1996317.07$0
Dec 19954417.19$0
Nov 19955316.00$0
Oct 199515115.43$0
Sep 19952116.18$0
Aug 199512215.92$0
Jul 199513715.24$0
Jun 199510616.41$0
May 199516517.56$0
Apr 199520917.73$0
Mar 199519116.44$0
Feb 199511116.58$0
Jan 199524715.92$0
Dec 199431215.03$0
Nov 199434115.90$0
Oct 199441415.58$0
Sep 199447115.29$0
Aug 199440916.13$0
Jul 199445817.56$0
Jun 199445017.09$0
May 199445315.88$0
Apr 199454014.14$0
Mar 199449512.46$0
Feb 199431912.50$0
Jan 199413712.66$0
Dec 1993212.33$0
Nov 19931114.49$0
Oct 199312615.85$0
Sep 199320915.03$0
Aug 199339915.66$0
Jul 199341015.46$0
Jun 199337416.79$0
May 199337217.68$0
Apr 199363218.05$0
Mar 199349818.14$0
Feb 199339317.90$0
Jan 199343016.93$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.

May 2015 — as filed, then multipliedworked
Gas                   10 Mcf  × $  2.96 =        $30

────────────────────────────────────────────────────
Month total                                      $30

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/23835 is the state's own key, not one this site invented.