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 27086District 10Field 68831200Hydrogen sulphide fieldGasSaveExport
Value, all time
$905 k
Jan 1993 – May 2026
Value, last 12 filed months
$22 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.

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
GasProduction453,744 Mcf$904,537
Total$904,537

232,002 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 35.5628, -101.8915. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

35.56281, -101.89149 · 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
3,362 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 3,362 ft.

Completions filed
Oct 1960
1 of 1 wells

1 well

42-37500022B 76R3,362 ftOct 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 20260106.413.05$0
Apr 202650498.932.87$1,446
Mar 202652789.753.15$1,660
Feb 202649163.503.75$1,841
Jan 202659159.138.00$4,727
Dec 202551756.664.41$2,282
Nov 202547858.593.93$1,877
Oct 202550859.383.30$1,679
Sep 202550062.743.08$1,538
Aug 202551563.933.01$1,553
Jul 202552566.743.32$1,740
Jun 202549466.483.13$1,546
May 202552560.553.23$1,697
Apr 202552662.363.54$1,864
Mar 202556667.704.27$2,416
Feb 202552470.884.34$2,275
Jan 202533974.324.28$1,450
Dec 202449968.993.12$1,558
Nov 202448369.052.20$1,062
Oct 202448871.372.28$1,113
Sep 202448169.612.36$1,137
Aug 202450475.632.06$1,040
Jul 202453479.932.15$1,146
Jun 202451478.082.63$1,354
May 202453378.812.20$1,172
Apr 202451784.451.66$858
Mar 202453980.301.55$833
Feb 202448476.091.78$863
Jan 202455173.023.30$1,817
Dec 202352871.262.61$1,378
Nov 202350577.892.81$1,418
Oct 202353985.443.09$1,664
Sep 202353589.042.74$1,463
Aug 202360880.522.67$1,625
Jul 202346174.852.64$1,218
Jun 202361168.962.26$1,380
May 202362270.622.23$1,385
Apr 202360578.122.24$1,354
Mar 202357672.852.39$1,378
Feb 202350475.112.47$1,243
Jan 202353676.533.39$1,816
Dec 202256376.415.73$3,225
Nov 202253985.005.65$3,043
Oct 202266687.185.86$3,905
Sep 202263484.888.16$5,176
Aug 202264894.529.13$5,914
Jul 2022671101.587.54$5,061
Jun 2022641115.097.98$5,113
May 2022660109.378.43$5,566
Apr 2022657104.226.84$4,492
Mar 2022750108.885.08$3,807
Feb 202268491.054.86$3,323
Jan 20225081.844.54$227
Dec 202162971.323.90$2,453
Nov 202160777.435.24$3,179
Oct 202164279.795.71$3,668
Sep 202163269.865.35$3,382
Aug 202166466.024.22$2,802
Jul 202165870.783.98$2,620
Jun 202164869.493.38$2,191
May 202172763.483.02$2,194
Apr 202145660.362.76$1,258
Mar 202173861.302.72$2,005
Feb 202133557.805.55$1,859
Jan 202162650.412.81$1,759
Dec 202063744.642.68$1,704
Nov 202063838.772.71$1,727
Oct 202057236.972.48$1,418
Sep 202062337.091.99$1,240
Aug 202062839.982.39$1,498
Jul 202066138.371.83$1,206
Jun 202062334.901.69$1,053
May 202063816.921.81$1,158
Apr 202060214.751.80$1,086
Mar 202060430.341.86$1,121
Feb 202052049.881.98$1,030
Jan 202061257.252.09$1,282
Dec 2019059.012.30$0
Nov 201958455.302.75$1,606
Oct 201960053.472.42$1,451
Sep 201961355.052.66$1,629
Aug 2019053.112.30$0
Jul 201969256.272.46$1,702
Jun 201967852.782.49$1,689
May 201974458.482.74$2,039
Apr 201962562.632.75$1,719
Mar 201969356.803.06$2,122
Feb 2019050.852.79$0
Jan 2019046.033.23$0
Dec 2018046.594.19$0
Nov 2018052.934.24$0
Oct 201872361.443.40$2,457
Sep 201871559.543.11$2,222
Aug 201874559.403.07$2,285
Jul 201876565.142.93$2,243
Jun 201875360.183.08$2,317
May 201882165.382.90$2,382
Apr 201899963.842.90$2,898
Mar 201814461.222.79$401
Feb 201869161.782.77$1,911
Jan 201877562.874.01$3,107
Dec 201779857.272.92$2,331
Nov 201786655.423.12$2,701
Oct 201765049.292.98$1,939
Sep 201740947.523.09$1,263
Aug 201787445.373.00$2,626
Jul 201751043.873.09$1,575
Jun 201773842.493.09$2,278
May 201777745.373.26$2,536
Apr 201775547.933.21$2,425
Mar 201778946.772.98$2,354
Feb 201774350.452.95$2,194
Jan 201776249.413.42$2,605
Dec 201685548.763.72$3,183
Nov 201694642.492.64$2,502
Oct 201673046.193.09$2,256
Sep 201615141.553.10$468
Aug 201675641.442.92$2,211
Jul 201679441.622.92$2,322
Jun 201680445.352.69$2,159
May 201679942.521.99$1,591
Apr 201674736.561.99$1,487
Mar 201683433.011.79$1,496
Feb 201672426.472.06$1,494
Jan 201681627.352.36$1,929
Dec 201583132.362.00$1,663
Nov 201580038.792.17$1,734
Oct 201581843.552.43$1,985
Sep 201584242.992.76$2,323
Aug 201582240.162.87$2,361
Jul 201586948.152.95$2,559
Jun 201595056.152.88$2,739
May 201555255.212.96$1,631
Apr 201583349.822.71$2,255
Mar 201586942.892.93$2,550
Feb 201577444.662.98$2,304
Jan 201582643.433.10$2,561
Dec 201489254.693.59$3,203
Nov 201487270.464.25$3,708
Oct 201489778.303.90$3,499
Sep 201490586.164.05$3,661
Aug 201453489.394.04$2,155
Jul 201492196.564.18$3,849
Jun 201485198.164.74$4,031
May 201490894.734.73$4,292
Apr 201488295.944.81$4,242
Mar 201493395.895.06$4,718
Feb 201479797.406.19$4,935
Jan 201496090.404.86$4,666
Dec 201386991.824.35$3,784
Nov 201383488.853.74$3,118
Oct 201399597.423.78$3,760
Sep 2013952104.113.72$3,539
Aug 2013993104.253.52$3,498
Jul 20131,003102.523.72$3,729
Jun 20131,04094.403.93$4,091
May 201373794.834.15$3,058
Apr 201394893.964.28$4,060
Mar 201397793.623.91$3,823
Feb 201389091.233.42$3,044
Jan 201398891.603.42$3,379
Dec 20121,00286.773.42$3,427
Nov 201296986.953.62$3,513
Oct 201299589.383.40$3,383
Sep 201285694.672.92$2,498
Aug 201291792.662.91$2,667
Jul 201279585.133.02$2,402
Jun 201268179.822.52$1,715
May 201267791.612.49$1,685
Apr 2012693101.652.00$1,384
Mar 2012679105.052.22$1,509
Feb 2012643101.102.57$1,653
Jan 201270498.092.73$1,925
Dec 201174396.873.24$2,407
Nov 201170095.723.31$2,318
Oct 201176784.983.65$2,798
Sep 201176983.623.99$3,065
Aug 201182683.404.15$3,427
Jul 201182594.144.52$3,727
Jun 201179692.904.64$3,693
May 201185698.134.40$3,771
Apr 2011849105.964.33$3,679
Mar 201187396.364.06$3,542
Feb 201169685.644.18$2,909
Jan 201184886.504.59$3,891
Dec 201085785.734.35$3,726
Nov 201082480.843.80$3,127
Oct 201089778.103.51$3,147
Sep 201088572.633.98$3,522
Aug 201091273.684.42$4,030
Jul 201094272.554.74$4,462
Jun 201093870.364.91$4,606
May 201087071.124.24$3,685
Apr 201089881.694.12$3,702
Mar 201095078.394.39$4,169
Feb 201094273.585.44$5,127
Jan 201095274.365.96$5,678
Dec 20091,17071.445.48$6,416
Nov 20091,16374.593.75$4,363
Oct 20091,27572.544.11$5,241
Sep 20091,28265.543.06$3,929
Aug 20091,36367.423.22$4,387
Jul 20091,35661.133.46$4,698
Jun 20091,38666.163.90$5,398
May 20091,48454.743.93$5,826
Apr 20091,48346.773.59$5,320
Mar 20091,59542.144.06$6,474
Feb 20091,56532.814.63$7,251
Jan 20091,71935.865.37$9,233
Dec 20081,94937.105.98$11,649
Nov 20082,18155.496.86$14,962
Oct 20082,96075.246.92$20,489
Sep 2008826101.767.88$6,506
Aug 2008899114.228.48$7,626
Jul 2008860131.0811.39$9,795
Jun 2008706131.3313.03$9,201
May 2008728123.1711.57$8,426
Apr 2008866110.3110.45$9,054
Mar 20081,022101.909.66$9,877
Feb 200894692.538.77$8,297
Jan 200897690.388.21$8,009
Dec 20071,28588.337.30$9,383
Nov 20071,25791.677.29$9,166
Oct 20071,25582.856.92$8,687
Sep 20071,21075.846.24$7,555
Aug 200798569.066.39$6,292
Jul 200790770.906.39$5,794
Jun 20071,10862.007.55$8,364
May 20071,30758.747.85$10,255
Apr 20071,19059.617.81$9,288
Mar 20071,24756.927.30$9,106
Feb 20071,24555.108.22$10,229
Jan 20071,59350.306.73$10,716
Dec 20061,71556.656.92$11,865
Nov 20061,58754.207.62$12,089
Oct 20062,71254.906.01$16,309
Sep 20061,86660.085.04$9,399
Aug 2006068.717.34$0
Jul 2006069.376.34$0
Jun 2006066.286.38$0
May 2006066.016.42$0
Apr 2006064.397.36$0
Mar 2006056.707.08$0
Feb 2006057.597.75$0
Jan 2006060.598.93$0
Dec 2005054.9413.42$0
Nov 2005054.6910.59$0
Oct 2005058.3413.80$0
Sep 2005061.4512.08$0
Aug 2005061.519.80$0
Jul 2005055.697.84$0
Jun 2005052.337.38$0
May 2005045.226.65$0
Apr 2005049.207.36$0
Mar 2005050.377.15$0
Feb 2005045.226.31$0
Jan 2005043.166.32$0
Dec 2004039.866.75$0
Nov 2004045.286.33$0
Oct 2004049.706.52$0
Sep 2004043.245.28$0
Aug 2004042.375.55$0
Jul 2004038.286.08$0
Jun 2004036.106.43$0
May 2004037.486.49$0
Apr 2004034.475.86$0
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 2003028.565.98$0
May 2003026.595.97$0
Apr 2003026.675.41$0
Mar 2003031.146.10$0
Feb 2003033.487.93$0
Jan 2003030.315.58$0
Dec 2002026.914.85$0
Nov 2002024.664.14$0
Oct 2002026.464.23$0
Sep 2002027.443.64$0
Aug 2002025.963.16$0
Jul 2002024.583.06$0
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 2002017.172.38$0
Dec 2001016.932.36$0
Nov 2001018.072.41$0
Oct 2001019.782.53$0
Sep 2001024.262.25$0
Aug 2001024.873.05$0
Jul 2001023.933.20$0
Jun 2001024.563.82$0
May 2001025.524.31$0
Apr 2001024.685.34$0
Mar 2001024.545.38$0
Feb 2001027.755.77$0
Jan 2001027.478.40$0
Dec 2000026.889.12$0
Nov 2000032.215.66$0
Oct 2000031.235.15$0
Sep 2000031.875.19$0
Aug 2000029.644.54$0
Jul 2000028.534.09$0
Jun 2000029.304.40$0
May 2000027.263.68$0
Apr 2000024.513.12$0
Mar 2000028.422.86$0
Feb 2000027.622.73$0
Jan 2000025.272.48$0
Dec 1999024.282.42$0
Nov 1999023.192.43$0
Oct 1999020.982.80$0
Sep 1999021.752.62$0
Aug 1999019.262.88$0
Jul 1999017.892.37$0
Jun 1999015.942.36$0
May 1999015.792.32$0
Apr 1999015.102.21$0
Mar 1999012.471.84$0
Feb 199909.981.82$0
Jan 1999010.381.90$0
Dec 199809.201.77$0
Nov 1998010.892.19$0
Oct 1998012.421.97$0
Sep 1998012.592.08$0
Aug 1998011.301.91$0
Jul 1998011.742.24$0
Jun 1998011.242.24$0
May 1998012.622.21$0
Apr 1998013.042.51$0
Mar 1998012.802.31$0
Feb 1998013.952.30$0
Jan 1998014.702.15$0
Dec 1997016.322.41$0
Nov 1997018.193.09$0
Oct 199752919.253.15$1,666
Sep 19973,31917.742.95$9,807
Aug 19973,71117.862.55$9,481
Jul 19973,73717.582.25$8,397
Jun 19973,77617.242.26$8,523
May 19973,62218.972.31$8,361
Apr 19973,38917.882.08$7,059
Mar 19973,70718.951.94$7,188
Feb 19973,65920.492.21$8,071
Jan 19973,91723.483.54$13,865
Dec 19963,54823.32$0
Nov 19963,47021.97$0
Oct 19964,10723.31$0
Sep 19962,84922.22$0
Aug 19963,56820.26$0
Jul 19964,18319.55$0
Jun 19964,30618.73$0
May 19964,37519.43$0
Apr 19964,05421.51$0
Mar 19964,16119.38$0
Feb 19964,26216.98$0
Jan 19964,49717.07$0
Dec 19954,37917.19$0
Nov 19953,80016.00$0
Oct 19954,78915.43$0
Sep 19953,89616.18$0
Aug 19954,90215.92$0
Jul 19954,99615.24$0
Jun 19954,55216.41$0
May 19954,05517.56$0
Apr 19954,42917.73$0
Mar 19954,90616.44$0
Feb 19953,61416.58$0
Jan 19954,50915.92$0
Dec 19944,56715.03$0
Nov 19944,68315.90$0
Oct 19945,79115.58$0
Sep 19945,21415.29$0
Aug 19945,45416.13$0
Jul 19945,72917.56$0
Jun 19944,86817.09$0
May 19943,66315.88$0
Apr 19944,34514.14$0
Mar 19945,51112.46$0
Feb 19945,12212.50$0
Jan 19945,85712.66$0
Dec 19935,75012.33$0
Nov 19935,44914.49$0
Oct 19935,29915.85$0
Sep 19935,47915.03$0
Aug 19935,91115.66$0
Jul 19936,19715.46$0
Jun 19936,24616.79$0
May 19935,78617.68$0
Apr 19936,23818.05$0
Mar 19936,37718.14$0
Feb 19935,91017.90$0
Jan 19936,34916.93$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                  504 Mcf  × $  2.87 =     $1,446

────────────────────────────────────────────────────
Month total                                   $1,446

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/27086 is the state's own key, not one this site invented.