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 27081District 10Field 68831200Hydrogen sulphide fieldNGPA filingCondensateGasSaveExport
Value, all time
$602 k
Jan 1993 – May 2026
Value, last 12 filed months
$7 k
at the published price for each month
Months reported
401
no gaps in the span
Streams
2
condensate, 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
CondensateDisposition32 bbl$746
GasProduction192,123 Mcf$601,593
Total$602,338

51,491 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 35.6377, -101.8654. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

35.63768, -101.86545 · 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
Nov 1960
1 of 1 wells

1 well

42-341006016RNov 1960

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 202600106.413.05$0
Apr 2026017098.932.87$488
Mar 2026017789.753.15$557
Feb 2026015963.503.75$596
Jan 2026017359.138.00$1,384
Dec 2025017556.664.41$772
Nov 2025016858.593.93$660
Oct 2025017959.383.30$592
Sep 2025017562.743.08$538
Aug 2025018763.933.01$564
Jul 2025018466.743.32$610
Jun 2025017866.483.13$557
May 2025018460.553.23$595
Apr 2025017962.363.54$634
Mar 2025019067.704.27$811
Feb 2025013370.884.34$577
Jan 2025017874.324.28$762
Dec 2024018068.993.12$562
Nov 2024017669.052.20$387
Oct 2024018171.372.28$413
Sep 2024018269.612.36$430
Aug 2024018575.632.06$382
Jul 2024019179.932.15$410
Jun 2024018878.082.63$495
May 2024019378.812.20$424
Apr 2024018684.451.66$309
Mar 2024019280.301.55$297
Feb 2024017976.091.78$319
Jan 2024019173.023.30$630
Dec 2023018671.262.61$486
Nov 2023018077.892.81$505
Oct 2023018885.443.09$580
Sep 2023018989.042.74$517
Aug 2023019580.522.67$521
Jul 2023011374.852.64$299
Jun 2023019568.962.26$440
May 2023019970.622.23$443
Apr 2023019378.122.24$432
Mar 2023019872.852.39$474
Feb 2023017975.112.47$441
Jan 2023019976.533.39$674
Dec 2022019976.415.73$1,140
Nov 2022019385.005.65$1,090
Oct 2022020387.185.86$1,190
Sep 2022019984.888.16$1,625
Aug 2022020794.529.13$1,889
Jul 20220212101.587.54$1,599
Jun 20220212115.097.98$1,691
May 20220234109.378.43$1,973
Apr 20220177104.226.84$1,210
Mar 20220215108.885.08$1,091
Feb 2022019391.054.86$938
Jan 2022021581.844.54$976
Dec 2021021471.323.90$834
Nov 2021020377.435.24$1,063
Oct 2021022379.795.71$1,274
Sep 2021021969.865.35$1,172
Aug 2021022466.024.22$945
Jul 2021022570.783.98$896
Jun 2021021969.493.38$740
May 2021023563.483.02$709
Apr 2021019060.362.76$524
Mar 2021025861.302.72$701
Feb 2021011557.805.55$638
Jan 2021022150.412.81$621
Dec 2020022444.642.68$599
Nov 2020023338.772.71$631
Oct 2020020736.972.48$513
Sep 2020022637.091.99$450
Aug 2020023239.982.39$553
Jul 2020025438.371.83$464
Jun 2020022334.901.69$377
May 2020023716.921.81$430
Apr 2020022914.751.80$413
Mar 2020023230.341.86$431
Feb 2020021949.881.98$434
Jan 2020021757.252.09$455
Dec 2019021159.012.30$486
Nov 2019020555.302.75$564
Oct 2019021753.472.42$525
Sep 2019022155.052.66$587
Aug 2019022153.112.30$509
Jul 2019023156.272.46$568
Jun 2019024852.782.49$618
May 2019023558.482.74$644
Apr 201907062.632.75$193
Mar 2019022656.803.06$692
Feb 2019022250.852.79$620
Jan 2019024546.033.23$791
Dec 20180046.594.19$0
Nov 20180052.934.24$0
Oct 2018024961.443.40$846
Sep 2018024659.543.11$765
Aug 2018026459.403.07$810
Jul 2018027165.142.93$795
Jun 2018026460.183.08$812
May 2018031565.382.90$914
Apr 2018031063.842.90$899
Mar 201807961.222.79$220
Feb 2018016861.782.77$465
Jan 2018016162.874.01$646
Dec 2017022057.272.92$643
Nov 2017029755.423.12$926
Oct 2017022349.292.98$665
Sep 2017013647.523.09$420
Aug 2017027945.373.00$838
Jul 2017023243.873.09$716
Jun 2017024442.493.09$753
May 2017027045.373.26$881
Apr 2017025747.933.21$825
Mar 2017026746.772.98$797
Feb 2017024850.452.95$732
Jan 2017027049.413.42$923
Dec 2016026448.763.72$983
Nov 2016026242.492.64$693
Oct 2016028446.193.09$878
Sep 2016027341.553.10$846
Aug 2016025541.442.92$746
Jul 2016028341.622.92$828
Jun 2016027245.352.69$731
May 2016028542.521.99$567
Apr 2016028036.561.99$557
Mar 2016030533.011.79$547
Feb 2016025826.472.06$532
Jan 2016030627.352.36$723
Dec 2015029332.362.00$586
Nov 2015029438.792.17$637
Oct 2015030643.552.43$743
Sep 2015030542.992.76$841
Aug 2015031540.162.87$905
Jul 2015033148.152.95$975
Jun 2015035956.152.88$1,035
May 2015022355.212.96$659
Apr 2015033049.822.71$893
Mar 2015033542.892.93$983
Feb 2015031744.662.98$943
Jan 2015035443.433.10$1,098
Dec 2014037154.693.59$1,332
Nov 2014038770.464.25$1,645
Oct 2014046378.303.90$1,806
Sep 2014037886.164.05$1,529
Aug 2014028989.394.04$1,166
Jul 2014023296.564.18$970
Jun 2014030698.164.74$1,449
May 2014027894.734.73$1,314
Apr 2014027995.944.81$1,342
Mar 2014022795.895.06$1,148
Feb 2014024497.406.19$1,511
Jan 2014029890.404.86$1,448
Dec 2013026491.824.35$1,150
Nov 2013028988.853.74$1,080
Oct 2013031097.423.78$1,172
Sep 20130316104.113.72$1,175
Aug 20130347104.253.52$1,222
Jul 20130316102.523.72$1,175
Jun 2013030694.403.93$1,204
May 2013038094.834.15$1,577
Apr 2013032493.964.28$1,388
Mar 2013033693.623.91$1,315
Feb 2013019791.233.42$674
Jan 2013026491.603.42$903
Dec 2012023786.773.42$811
Nov 2012026486.953.62$957
Oct 2012029389.383.40$996
Sep 2012029694.672.92$864
Aug 2012034992.662.91$1,015
Jul 2012034985.133.02$1,054
Jun 2012033079.822.52$831
May 2012037691.612.49$936
Apr 20120307101.652.00$613
Mar 20120330105.052.22$733
Feb 20120260101.102.57$668
Jan 2012025998.092.73$708
Dec 2011031296.873.24$1,011
Nov 2011030695.723.31$1,013
Oct 2011033484.983.65$1,219
Sep 2011028083.623.99$1,116
Aug 2011030583.404.15$1,266
Jul 2011031494.144.52$1,418
Jun 2011033092.904.64$1,531
May 2011037798.134.40$1,661
Apr 20110417105.964.33$1,807
Mar 2011049696.364.06$2,012
Feb 2011014585.644.18$606
Jan 2011037786.504.59$1,730
Dec 2010025185.734.35$1,091
Nov 2010032580.843.80$1,233
Oct 2010038978.103.51$1,365
Sep 2010038672.633.98$1,536
Aug 2010041973.684.42$1,852
Jul 2010036872.554.74$1,743
Jun 2010039970.364.91$1,959
May 2010045171.124.24$1,910
Apr 2010033881.694.12$1,393
Mar 2010031378.394.39$1,374
Feb 2010018973.585.44$1,029
Jan 2010035774.365.96$2,129
Dec 2009053071.445.48$2,906
Nov 2009055674.593.75$2,086
Oct 2009061472.544.11$2,524
Sep 2009037665.543.06$1,152
Aug 2009029767.423.22$956
Jul 2009037961.133.46$1,313
Jun 2009042066.163.90$1,636
May 2009042154.743.93$1,653
Apr 2009037346.773.59$1,338
Mar 2009037142.144.06$1,506
Feb 2009034632.814.63$1,603
Jan 2009039335.865.37$2,111
Dec 2008035637.105.98$2,128
Nov 2008036755.496.86$2,518
Oct 2008041075.246.92$2,838
Sep 20080395101.767.88$3,111
Aug 20080435114.228.48$3,690
Jul 20080443131.0811.39$5,046
Jun 20080456131.3313.03$5,943
May 20080425123.1711.57$4,919
Apr 20080425110.3110.45$4,443
Mar 20080440101.909.66$4,252
Feb 2008045292.538.77$3,964
Jan 2008048790.388.21$3,996
Dec 2007014588.337.30$1,059
Nov 2007048691.677.29$3,544
Oct 2007051182.856.92$3,537
Sep 2007054375.846.24$3,391
Aug 2007058169.066.39$3,711
Jul 2007057170.906.39$3,648
Jun 2007043262.007.55$3,261
May 2007061158.747.85$4,794
Apr 2007046059.617.81$3,590
Mar 2007056856.927.30$4,148
Feb 2007058155.108.22$4,774
Jan 20070050.306.73$0
Dec 2006043756.656.92$3,023
Nov 2006046854.207.62$3,565
Oct 2006035954.906.01$2,159
Sep 2006035560.085.04$1,788
Aug 2006048368.717.34$3,545
Jul 2006051869.376.34$3,286
Jun 2006053366.286.38$3,403
May 2006049866.016.42$3,200
Apr 2006046664.397.36$3,430
Mar 2006060456.707.08$4,278
Feb 2006045057.597.75$3,488
Jan 2006050060.598.93$4,467
Dec 2005042554.9413.42$5,702
Nov 2005064854.6910.59$6,861
Oct 2005055358.3413.80$7,629
Sep 2005045261.4512.08$5,460
Aug 2005072761.519.80$7,122
Jul 2005073055.697.84$5,726
Jun 20050052.337.38$0
May 2005019245.226.65$1,277
Apr 2005048949.207.36$3,599
Mar 2005038750.377.15$2,769
Feb 2005027445.226.31$1,729
Jan 2005024743.166.32$1,562
Dec 2004039539.866.75$2,667
Nov 2004040345.286.33$2,551
Oct 2004049649.706.52$3,231
Sep 2004056243.245.28$2,970
Aug 2004056242.375.55$3,119
Jul 2004056738.286.08$3,450
Jun 2004059236.106.43$3,808
May 2004062237.486.49$4,040
Apr 2004049234.475.86$2,882
Mar 2004055134.365.53$3,047
Feb 2004036532.455.51$2,011
Jan 2004041532.036.30$2,614
Dec 2003050130.266.30$3,157
Nov 2003041428.804.60$1,902
Oct 2003053528.174.76$2,546
Sep 2003053526.314.75$2,541
Aug 2003060029.765.13$3,078
Jul 2003064529.415.17$3,335
Jun 2003069428.565.98$4,152
May 2003058326.595.97$3,482
Apr 2003064726.675.41$3,499
Mar 2003059831.146.10$3,645
Feb 2003049533.487.93$3,923
Jan 2003037830.315.58$2,110
Dec 2002051426.914.85$2,495
Nov 2002054624.664.14$2,259
Oct 2002059826.464.23$2,529
Sep 2002061327.443.64$2,228
Aug 2002064725.963.16$2,047
Jul 2002064124.583.06$1,963
Jun 2002059523.733.34$1,986
May 2002074624.663.58$2,674
Apr 2002051823.653.51$1,819
Mar 20020022.003.10$0
Feb 2002057018.222.38$1,354
Jan 2002062817.172.38$1,492
Dec 2001067216.932.36$1,589
Nov 2001069518.072.41$1,672
Oct 2001075919.782.53$1,919
Sep 2001040124.262.25$903
Aug 2001067524.873.05$2,061
Jul 2001067623.933.20$2,161
Jun 2001070124.563.82$2,681
May 2001063425.524.31$2,731
Apr 2001063824.685.34$3,404
Mar 2001061724.545.38$3,317
Feb 2001061727.755.77$3,558
Jan 2001070327.478.40$5,904
Dec 2000063726.889.12$5,811
Nov 2000065032.215.66$3,678
Oct 2000068631.235.15$3,530
Sep 2000071931.875.19$3,729
Aug 2000025429.644.54$1,153
Jul 2000070628.534.09$2,887
Jun 2000066929.304.40$2,942
May 2000066627.263.68$2,451
Apr 2000066924.513.12$2,085
Mar 2000072228.422.86$2,065
Feb 2000066127.622.73$1,802
Jan 2000074825.272.48$1,855
Dec 1999068924.282.42$1,670
Nov 1999075823.192.43$1,845
Oct 1999077520.982.80$2,173
Sep 1999075521.752.62$1,977
Aug 1999076719.262.88$2,206
Jul 1999079917.892.37$1,896
Jun 1999077615.942.36$1,833
May 1999086415.792.32$2,005
Apr 1999060115.102.21$1,327
Mar 1999089612.471.84$1,647
Feb 199908729.981.82$1,585
Jan 1999075510.381.90$1,434
Dec 199807859.201.77$1,392
Nov 1998082410.892.19$1,801
Oct 1998081412.421.97$1,603
Sep 1998087312.592.08$1,818
Aug 1998086611.301.91$1,652
Jul 1998093111.742.24$2,083
Jun 1998079911.242.24$1,788
May 1998088112.622.21$1,944
Apr 1998090313.042.51$2,262
Mar 1998096112.802.31$2,219
Feb 1998080213.952.30$1,844
Jan 1998088014.702.15$1,896
Dec 1997086716.322.41$2,090
Nov 1997086318.193.09$2,665
Oct 1997091019.253.15$2,866
Sep 1997093617.742.95$2,766
Aug 199701,03117.862.55$2,634
Jul 199701,33317.582.25$2,995
Jun 1997015317.242.26$345
May 1997090618.972.31$2,092
Apr 1997091417.882.08$1,904
Mar 1997093518.951.94$1,813
Feb 1997084320.492.21$1,860
Jan 1997092123.483.54$3,260
Dec 1996089523.32$0
Nov 1996089021.97$0
Oct 19963296123.31$746
Sep 1996094522.22$0
Aug 199601,07020.26$0
Jul 1996088819.55$0
Jun 1996096418.73$0
May 199601,00919.43$0
Apr 199601,02621.51$0
Mar 199601,05319.38$0
Feb 199601,00216.98$0
Jan 199601,05917.07$0
Dec 199501,12217.19$0
Nov 199501,17516.00$0
Oct 199501,30915.43$0
Sep 1995098716.18$0
Aug 1995060615.92$0
Jul 1995072915.24$0
Jun 199501,02916.41$0
May 199501,10317.56$0
Apr 199501,10717.73$0
Mar 1995094916.44$0
Feb 1995093816.58$0
Jan 199501,05815.92$0
Dec 199401,10815.03$0
Nov 199401,06615.90$0
Oct 199401,09515.58$0
Sep 199401,12915.29$0
Aug 199401,14716.13$0
Jul 199401,16317.56$0
Jun 199401,13717.09$0
May 199401,16715.88$0
Apr 199401,16514.14$0
Mar 199401,01812.46$0
Feb 199401,02012.50$0
Jan 199401,12812.66$0
Dec 199301,15712.33$0
Nov 199301,15614.49$0
Oct 199301,23515.85$0
Sep 199301,13015.03$0
Aug 199301,22515.66$0
Jul 199301,23215.46$0
Jun 199301,23916.79$0
May 199301,27817.68$0
Apr 199301,14918.05$0
Mar 199301,12318.14$0
Feb 199301,12317.90$0
Jan 199301,22716.93$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
Condensate             0 bbl  × $ 98.93 =         $0
Gas                  170 Mcf  × $  2.87 =       $488

────────────────────────────────────────────────────
Month total                                     $488

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/27081 is the state's own key, not one this site invented.