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MASTERSON

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

Gas lease lease 262583District 10Field 68831200Hydrogen sulphide fieldGasSaveExport
Value, all time
$243 k
Nov 2010 – May 2026
Value, last 12 filed months
$9 k
at the published price for each month
Months reported
187
no gaps in the span
Streams
1
gas

The PANHANDLE, WEST (RED CAVE) 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 666 leases and 666 wells, and the rule below applies to all of them.

Discovered
1960-07-15
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 2019-11-19.

The register flags this field for hydrogen sulphide. That is a poisonous gas that occurs naturally in some formations. The flag is a property of the field as the Commission records it. It is not a measurement taken at this lease, and it is not a statement that gas is escaping anywhere.

The Commission's schedule remark for this field reads: “THE LOCATION OF PERFORATIONS.”

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
GasProduction70,872 Mcf$243,282
Total$243,282

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 35.5005, -101.8199. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

35.50046, -101.81992 · 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
1,961 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 1,961 ft.

Completions filed
Nov 2010
1 of 1 wells

1 well

42-37531762180R1,961 ftNov 2010——

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 (187)

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

187 months

May 20260106.413.05$0
Apr 202622098.932.87$631
Mar 202622689.753.15$712
Feb 202619763.503.75$739
Jan 202621659.138.00$1,728
Dec 202521756.664.41$958
Nov 202521458.593.93$840
Oct 202522859.383.30$754
Sep 202522562.743.08$692
Aug 202522963.933.01$690
Jul 202523966.743.32$792
Jun 202523366.483.13$729
May 202524260.553.23$782
Apr 202522562.363.54$797
Mar 202524767.704.27$1,054
Feb 202522570.884.34$977
Jan 202525474.324.28$1,087
Dec 202424868.993.12$774
Nov 202424269.052.20$532
Oct 202425571.372.28$582
Sep 202423869.612.36$563
Aug 202425875.632.06$532
Jul 202427079.932.15$580
Jun 202426478.082.63$695
May 202427178.812.20$596
Apr 202425784.451.66$426
Mar 202426380.301.55$406
Feb 202425376.091.78$451
Jan 202426573.023.30$874
Dec 202327971.262.61$728
Nov 202327277.892.81$764
Oct 202328285.443.09$871
Sep 202327789.042.74$758
Aug 202328980.522.67$772
Jul 202342874.852.64$1,131
Jun 202326468.962.26$596
May 202327170.622.23$604
Apr 202325978.122.24$580
Mar 202326872.852.39$641
Feb 202324475.112.47$602
Jan 202326276.533.39$888
Dec 202226376.415.73$1,507
Nov 202226185.005.65$1,474
Oct 202226987.185.86$1,577
Sep 202226684.888.16$2,172
Aug 202227994.529.13$2,546
Jul 2022289101.587.54$2,180
Jun 2022280115.097.98$2,234
May 2022291109.378.43$2,454
Apr 2022278104.226.84$1,901
Mar 2022284108.885.08$1,442
Feb 202226291.054.86$1,273
Jan 202228081.844.54$1,271
Dec 202128771.323.90$1,119
Nov 202127977.435.24$1,461
Oct 202129279.795.71$1,668
Sep 202129069.865.35$1,552
Aug 202129866.024.22$1,258
Jul 202131570.783.98$1,254
Jun 202134069.493.38$1,149
May 202122863.483.02$688
Apr 202123960.362.76$659
Mar 202136061.302.72$978
Feb 202114557.805.55$804
Jan 202131850.412.81$894
Dec 202031644.642.68$845
Nov 202031438.772.71$850
Oct 202031236.972.48$773
Sep 202031637.091.99$629
Aug 202032439.982.39$773
Jul 202033338.371.83$608
Jun 202032234.901.69$544
May 202033516.921.81$608
Apr 202030314.751.80$547
Mar 202030330.341.86$562
Feb 202027049.881.98$535
Jan 202029657.252.09$620
Dec 201929559.012.30$680
Nov 201929055.302.75$798
Oct 201930553.472.42$738
Sep 201930255.052.66$803
Aug 201931153.112.30$717
Jul 201932156.272.46$790
Jun 201931452.782.49$782
May 201933158.482.74$907
Apr 201932262.632.75$886
Mar 201930456.803.06$931
Feb 201926250.852.79$732
Jan 201928946.033.23$933
Dec 2018046.594.19$0
Nov 2018052.934.24$0
Oct 201830461.443.40$1,033
Sep 201829759.543.11$923
Aug 201831459.403.07$963
Jul 201832465.142.93$950
Jun 201833060.183.08$1,015
May 201828565.382.90$827
Apr 201832263.842.90$934
Mar 201827361.222.79$761
Feb 201833261.782.77$918
Jan 201838062.874.01$1,524
Dec 201736957.272.92$1,078
Nov 201738055.423.12$1,185
Oct 201735349.292.98$1,053
Sep 201733347.523.09$1,028
Aug 201735545.373.00$1,067
Jul 201732743.873.09$1,010
Jun 201737542.493.09$1,158
May 201738545.373.26$1,256
Apr 201738447.933.21$1,233
Mar 201739946.772.98$1,190
Feb 201736550.452.95$1,078
Jan 201741449.413.42$1,415
Dec 201647248.763.72$1,757
Nov 20169542.492.64$251
Oct 201640546.193.09$1,252
Sep 201635541.553.10$1,101
Aug 201638641.442.92$1,129
Jul 201641941.622.92$1,225
Jun 201634645.352.69$929
May 201641542.521.99$826
Apr 201640236.561.99$800
Mar 201641833.011.79$750
Feb 201639026.472.06$805
Jan 201641427.352.36$979
Dec 201541832.362.00$837
Nov 201541538.792.17$899
Oct 201543543.552.43$1,056
Sep 201542642.992.76$1,175
Aug 201544640.162.87$1,281
Jul 201545348.152.95$1,334
Jun 201544756.152.88$1,289
May 201540355.212.96$1,191
Apr 201544449.822.71$1,202
Mar 201549242.892.93$1,444
Feb 201543344.662.98$1,289
Jan 201545943.433.10$1,423
Dec 201445854.693.59$1,645
Nov 201445570.464.25$1,935
Oct 201447978.303.90$1,869
Sep 201442886.164.05$1,731
Aug 201447289.394.04$1,905
Jul 201450396.564.18$2,102
Jun 201449998.164.74$2,364
May 201443894.734.73$2,070
Apr 201449195.944.81$2,361
Mar 201451595.895.06$2,604
Feb 201447197.406.19$2,916
Jan 201451090.404.86$2,479
Dec 201352591.824.35$2,286
Nov 201351188.853.74$1,910
Oct 201354097.423.78$2,041
Sep 2013531104.113.72$1,974
Aug 2013555104.253.52$1,955
Jul 2013535102.523.72$1,989
Jun 201352894.403.93$2,077
May 201352194.834.15$2,162
Apr 201353593.964.28$2,291
Mar 201355993.623.91$2,187
Feb 201352791.233.42$1,802
Jan 201349691.603.42$1,696
Dec 201257486.773.42$1,963
Nov 201256586.953.62$2,048
Oct 201261189.383.40$2,077
Sep 201261094.672.92$1,780
Aug 201265292.662.91$1,896
Jul 201266685.133.02$2,012
Jun 201266479.822.52$1,673
May 201268691.612.49$1,707
Apr 2012699101.652.00$1,396
Mar 2012687105.052.22$1,527
Feb 2012690101.102.57$1,773
Jan 201275398.092.73$2,059
Dec 201178696.873.24$2,546
Nov 201179495.723.31$2,629
Oct 201189584.983.65$3,265
Sep 201170083.623.99$2,790
Aug 201189083.404.15$3,693
Jul 201192794.144.52$4,187
Jun 201189692.904.64$4,157
May 201187598.134.40$3,854
Apr 2011655105.964.33$2,838
Mar 201166996.364.06$2,714
Feb 201141685.644.18$1,739
Jan 201150486.504.59$2,313
Dec 201031185.734.35$1,352
Nov 20102880.843.80$106

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                  220 Mcf  × $  2.87 =       $631

────────────────────────────────────────────────────
Month total                                     $631

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/262583 is the state's own key, not one this site invented.