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 27080District 10Field 68831200Hydrogen sulphide fieldNGPA filingGasSaveExport
Value, all time
$987 k
Jan 1993 – May 2026
Value, last 12 filed months
$20 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 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.

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
GasProduction321,990 Mcf$986,852
Total$986,852

90,519 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 35.5011, -101.7924. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

35.50107, -101.79241 · 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
1,566 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 1,566 ft.

Completions filed
Mar 2024
1 of 1 wells

1 well

42-375002835R1,566 ftMar 2024

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 202644898.932.87$1,286
Mar 202648189.753.15$1,515
Feb 202640263.503.75$1,508
Jan 202646259.138.00$3,695
Dec 202548456.664.41$2,136
Nov 202547358.593.93$1,857
Oct 202549859.383.30$1,646
Sep 202549362.743.08$1,517
Aug 202547163.933.01$1,420
Jul 202549866.743.32$1,651
Jun 202549166.483.13$1,536
May 202551060.553.23$1,648
Apr 202548762.363.54$1,726
Mar 202542767.704.27$1,823
Feb 202542070.884.34$1,823
Jan 202551174.324.28$2,186
Dec 202450968.993.12$1,589
Nov 202451969.052.20$1,141
Oct 202455571.372.28$1,266
Sep 202455069.612.36$1,300
Aug 202458775.632.06$1,211
Jul 202462379.932.15$1,337
Jun 202463978.082.63$1,683
May 202475178.812.20$1,651
Apr 202486784.451.66$1,439
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 2022427109.378.43$3,601
Apr 2022553104.226.84$3,781
Mar 2022506108.885.08$2,569
Feb 202220991.054.86$1,016
Jan 202244081.844.54$1,997
Dec 202145371.323.90$1,766
Nov 202145677.435.24$2,388
Oct 202148879.795.71$2,788
Sep 202148569.865.35$2,595
Aug 202151066.024.22$2,153
Jul 202151870.783.98$2,063
Jun 202150869.493.38$1,717
May 202152363.483.02$1,578
Apr 202136160.362.76$996
Mar 202156061.302.72$1,521
Feb 202125357.805.55$1,404
Jan 202150450.412.81$1,416
Dec 202050944.642.68$1,362
Nov 202051238.772.71$1,386
Oct 202045536.972.48$1,128
Sep 202049437.091.99$984
Aug 202051339.982.39$1,224
Jul 202052738.371.83$962
Jun 202052134.901.69$881
May 202057016.921.81$1,034
Apr 202067714.751.80$1,222
Mar 202029730.341.86$551
Feb 202019449.881.98$384
Jan 202031857.252.09$666
Dec 201939759.012.30$915
Nov 201940655.302.75$1,117
Oct 201943353.472.42$1,047
Sep 201944955.052.66$1,193
Aug 201921053.112.30$484
Jul 201949156.272.46$1,208
Jun 201949752.782.49$1,238
May 201947958.482.74$1,313
Apr 201944962.632.75$1,235
Mar 201940956.803.06$1,252
Feb 201917150.852.79$477
Jan 20196646.033.23$213
Dec 2018046.594.19$0
Nov 2018052.934.24$0
Oct 201850661.443.40$1,719
Sep 201851059.543.11$1,585
Aug 201854859.403.07$1,680
Jul 201857965.142.93$1,698
Jun 201863060.183.08$1,938
May 201837265.382.90$1,079
Apr 201865963.842.90$1,912
Mar 201813561.222.79$376
Feb 201820761.782.77$573
Jan 201814062.874.01$561
Dec 201748557.272.92$1,417
Nov 201759355.423.12$1,849
Oct 201744749.292.98$1,334
Sep 201732647.523.09$1,006
Aug 201745545.373.00$1,367
Jul 201732143.873.09$991
Jun 201748542.493.09$1,497
May 201751045.373.26$1,664
Apr 201750047.933.21$1,606
Mar 201753446.772.98$1,593
Feb 201744950.452.95$1,326
Jan 201750649.413.42$1,730
Dec 201651448.763.72$1,914
Nov 201663342.492.64$1,674
Oct 201641546.193.09$1,282
Sep 2016041.553.10$0
Aug 201646641.442.92$1,363
Jul 201650041.622.92$1,462
Jun 201648345.352.69$1,297
May 201650642.521.99$1,007
Apr 201651236.561.99$1,019
Mar 201649433.011.79$886
Feb 201645226.472.06$933
Jan 201651227.352.36$1,211
Dec 201552132.362.00$1,043
Nov 201552238.792.17$1,131
Oct 201553443.552.43$1,296
Sep 201555042.992.76$1,517
Aug 201556640.162.87$1,626
Jul 201554048.152.95$1,590
Jun 201559956.152.88$1,727
May 201533655.212.96$993
Apr 201552449.822.71$1,418
Mar 201554442.892.93$1,596
Feb 201548444.662.98$1,440
Jan 201547943.433.10$1,485
Dec 201459054.693.59$2,119
Nov 201451870.464.25$2,202
Oct 201457578.303.90$2,243
Sep 201428786.164.05$1,161
Aug 201441189.394.04$1,658
Jul 201450696.564.18$2,115
Jun 201448098.164.74$2,274
May 201449394.734.73$2,330
Apr 201452995.944.81$2,544
Mar 201456495.895.06$2,852
Feb 201443497.406.19$2,687
Jan 201455990.404.86$2,717
Dec 201353591.824.35$2,330
Nov 201353888.853.74$2,011
Oct 201357497.423.78$2,169
Sep 2013580104.113.72$2,156
Aug 2013609104.253.52$2,145
Jul 2013592102.523.72$2,201
Jun 201363194.403.93$2,482
May 201342994.834.15$1,780
Apr 201356593.964.28$2,420
Mar 201357393.623.91$2,242
Feb 201350991.233.42$1,741
Jan 201358791.603.42$2,007
Dec 201259886.773.42$2,045
Nov 201257886.953.62$2,095
Oct 201260489.383.40$2,053
Sep 201258094.672.92$1,693
Aug 201260392.662.91$1,754
Jul 201261885.133.02$1,867
Jun 201256579.822.52$1,423
May 201257391.612.49$1,426
Apr 2012572101.652.00$1,142
Mar 2012604105.052.22$1,342
Feb 2012560101.102.57$1,439
Jan 201260198.092.73$1,643
Dec 201156396.873.24$1,824
Nov 201157495.723.31$1,901
Oct 201160384.983.65$2,200
Sep 201159683.623.99$2,376
Aug 201161883.404.15$2,564
Jul 201158794.144.52$2,652
Jun 201158492.904.64$2,710
May 201163198.134.40$2,779
Apr 2011610105.964.33$2,643
Mar 201162396.364.06$2,528
Feb 201156685.644.18$2,366
Jan 201163786.504.59$2,923
Dec 201065185.734.35$2,830
Nov 201062780.843.80$2,380
Oct 201067078.103.51$2,351
Sep 201063372.633.98$2,519
Aug 201067073.684.42$2,961
Jul 201067972.554.74$3,216
Jun 201064170.364.91$3,148
May 201061771.124.24$2,613
Apr 201066381.694.12$2,733
Mar 201065878.394.39$2,888
Feb 201055073.585.44$2,993
Jan 201067674.365.96$4,032
Dec 200965171.445.48$3,570
Nov 200965974.593.75$2,472
Oct 200968372.544.11$2,807
Sep 200967065.543.06$2,053
Aug 200969967.423.22$2,250
Jul 200969461.133.46$2,404
Jun 200967866.163.90$2,641
May 200971654.743.93$2,811
Apr 200970046.773.59$2,511
Mar 200971142.144.06$2,886
Feb 200963732.814.63$2,951
Jan 200973035.865.37$3,921
Dec 200872737.105.98$4,345
Nov 200871055.496.86$4,871
Oct 200874375.246.92$5,143
Sep 2008742101.767.88$5,845
Aug 2008768114.228.48$6,515
Jul 2008779131.0811.39$8,872
Jun 2008774131.3313.03$10,087
May 2008784123.1711.57$9,074
Apr 2008736110.3110.45$7,695
Mar 2008804101.909.66$7,770
Feb 200866292.538.77$5,806
Jan 200870590.388.21$5,785
Dec 200775288.337.30$5,491
Nov 200770891.677.29$5,163
Oct 200777282.856.92$5,344
Sep 200774875.846.24$4,671
Aug 200772269.066.39$4,612
Jul 200783170.906.39$5,308
Jun 200786062.007.55$6,492
May 200781458.747.85$6,387
Apr 200757059.617.81$4,449
Mar 200761856.927.30$4,513
Feb 200744255.108.22$3,631
Jan 200754150.306.73$3,639
Dec 200658056.656.92$4,013
Nov 200665054.207.62$4,951
Oct 200689654.906.01$5,388
Sep 200676260.085.04$3,838
Aug 200676968.717.34$5,644
Jul 200682369.376.34$5,220
Jun 200679966.286.38$5,101
May 200677066.016.42$4,947
Apr 200687164.397.36$6,411
Mar 200675356.707.08$5,333
Feb 200669057.597.75$5,348
Jan 200688860.598.93$7,933
Dec 200591154.9413.42$12,221
Nov 200593754.6910.59$9,921
Oct 200582158.3413.80$11,326
Sep 200593761.4512.08$11,318
Aug 20051,08261.519.80$10,600
Jul 20051,01155.697.84$7,930
Jun 2005052.337.38$0
May 200540245.226.65$2,674
Apr 200583049.207.36$6,109
Mar 200584950.377.15$6,074
Feb 200579045.226.31$4,986
Jan 200591843.166.32$5,804
Dec 200495239.866.75$6,427
Nov 200493845.286.33$5,938
Oct 200498649.706.52$6,424
Sep 200492343.245.28$4,877
Aug 200495742.375.55$5,312
Jul 20041,00138.286.08$6,090
Jun 20041,02836.106.43$6,613
May 20041,02637.486.49$6,663
Apr 200490334.475.86$5,290
Mar 200466634.365.53$3,683
Feb 200466832.455.51$3,680
Jan 200473332.036.30$4,618
Dec 200375530.266.30$4,758
Nov 200372528.804.60$3,331
Oct 200388928.174.76$4,231
Sep 200384126.314.75$3,994
Aug 20031,01729.765.13$5,217
Jul 200396729.415.17$5,000
Jun 200390528.565.98$5,415
May 200387926.595.97$5,250
Apr 200392326.675.41$4,991
Mar 200366331.146.10$4,042
Feb 200391533.487.93$7,252
Jan 20031,00630.315.58$5,616
Dec 200281026.914.85$3,932
Nov 200279724.664.14$3,297
Oct 200297226.464.23$4,111
Sep 20021,17227.443.64$4,260
Aug 20021,15625.963.16$3,658
Jul 20021,12024.583.06$3,429
Jun 20021,35223.733.34$4,513
May 20021,12724.663.58$4,039
Apr 200279323.653.51$2,785
Mar 200247522.003.10$1,474
Feb 200260018.222.38$1,425
Jan 200259217.172.38$1,406
Dec 20011,03216.932.36$2,440
Nov 20011,12418.072.41$2,704
Oct 20011,15619.782.53$2,923
Sep 200199524.262.25$2,240
Aug 20011,27324.873.05$3,887
Jul 20011,27523.933.20$4,076
Jun 20011,69824.563.82$6,493
May 20011,36525.524.31$5,879
Apr 200156124.685.34$2,993
Mar 200139324.545.38$2,113
Feb 200128127.755.77$1,621
Jan 200111327.478.40$949
Dec 200078226.889.12$7,134
Nov 20001,15132.215.66$6,512
Oct 20001,17431.235.15$6,041
Sep 20001,37431.875.19$7,126
Aug 20001,27629.644.54$5,794
Jul 20001,13328.534.09$4,634
Jun 200090329.304.40$3,971
May 20001,20927.263.68$4,449
Apr 200096624.513.12$3,010
Mar 20001,43828.422.86$4,112
Feb 200078227.622.73$2,132
Jan 200073625.272.48$1,826
Dec 19991,06024.282.42$2,569
Nov 19991,33423.192.43$3,247
Oct 19991,17220.982.80$3,286
Sep 19991,05621.752.62$2,766
Aug 19991,15419.262.88$3,318
Jul 19991,18717.892.37$2,816
Jun 19991,23215.942.36$2,910
May 19991,16815.792.32$2,711
Apr 199989015.102.21$1,965
Mar 19991,18112.471.84$2,171
Feb 19991,0579.981.82$1,921
Jan 19991,32410.381.90$2,516
Dec 19981,1369.201.77$2,014
Nov 19981,34310.892.19$2,935
Oct 19981,16412.421.97$2,292
Sep 19981,41612.592.08$2,949
Aug 199889611.301.91$1,709
Jul 19981,36511.742.24$3,054
Jun 19981,23911.242.24$2,772
May 199899212.622.21$2,189
Apr 19981,15013.042.51$2,881
Mar 19981,28012.802.31$2,956
Feb 19981,08313.952.30$2,490
Jan 19981,20814.702.15$2,603
Dec 19971,37616.322.41$3,318
Nov 199788218.193.09$2,724
Oct 19971,19519.253.15$3,764
Sep 19971,25417.742.95$3,705
Aug 19971,38017.862.55$3,526
Jul 19971,37917.582.25$3,099
Jun 19971,48017.242.26$3,341
May 19971,28118.972.31$2,957
Apr 19971,23117.882.08$2,564
Mar 19971,34518.951.94$2,608
Feb 19971,32920.492.21$2,932
Jan 19971,36323.483.54$4,825
Dec 19961,36323.32$0
Nov 19961,33621.97$0
Oct 19961,59123.31$0
Sep 19961,49322.22$0
Aug 19961,32420.26$0
Jul 19961,44019.55$0
Jun 19961,52518.73$0
May 19961,59819.43$0
Apr 19961,58421.51$0
Mar 19961,37519.38$0
Feb 19961,66016.98$0
Jan 19961,59717.07$0
Dec 19951,61217.19$0
Nov 19951,80416.00$0
Oct 19952,06115.43$0
Sep 19951,64416.18$0
Aug 19951,15215.92$0
Jul 19951,16015.24$0
Jun 19952,08516.41$0
May 19951,24217.56$0
Apr 19951,92217.73$0
Mar 19951,50116.44$0
Feb 19951,43316.58$0
Jan 19951,71815.92$0
Dec 19941,74115.03$0
Nov 19941,81815.90$0
Oct 19942,02115.58$0
Sep 19942,10715.29$0
Aug 19942,05316.13$0
Jul 19942,17717.56$0
Jun 19942,13717.09$0
May 19941,74015.88$0
Apr 19941,97914.14$0
Mar 19942,04212.46$0
Feb 19941,76312.50$0
Jan 19941,91012.66$0
Dec 19931,99912.33$0
Nov 19932,07214.49$0
Oct 19932,00015.85$0
Sep 19932,25915.03$0
Aug 19932,50315.66$0
Jul 19932,81315.46$0
Jun 19932,29716.79$0
May 19932,52617.68$0
Apr 19932,62318.05$0
Mar 19932,77618.14$0
Feb 19932,75217.90$0
Jan 19933,19116.93$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                  448 Mcf  × $  2.87 =     $1,286

────────────────────────────────────────────────────
Month total                                   $1,286

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/27080 is the state's own key, not one this site invented.