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 27088District 10Field 68831200Hydrogen sulphide fieldNGPA filingGasSaveExport
Value, all time
$756 k
Jan 1993 – May 2026
Value, last 12 filed months
$19 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
GasProduction307,802 Mcf$756,255
Total$756,255

116,144 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 35.5504, -101.8789. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

35.55038, -101.87889 · 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
3,118 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 3,118 ft.

1 well

42-37500382B 85R3,118 ft

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 202644598.932.87$1,277
Mar 202648289.753.15$1,518
Feb 202632063.503.75$1,200
Jan 202648959.138.00$3,911
Dec 202544856.664.41$1,977
Nov 202543958.593.93$1,724
Oct 202545859.383.30$1,514
Sep 202544562.743.08$1,369
Aug 202544963.933.01$1,354
Jul 202546666.743.32$1,545
Jun 202543866.483.13$1,370
May 202545960.553.23$1,484
Apr 202544762.363.54$1,584
Mar 202543767.704.27$1,865
Feb 202532870.884.34$1,424
Jan 202546074.324.28$1,968
Dec 202445668.993.12$1,423
Nov 202444569.052.20$978
Oct 202446271.372.28$1,054
Sep 202444169.612.36$1,043
Aug 202445975.632.06$947
Jul 202447779.932.15$1,024
Jun 202446378.082.63$1,220
May 202446978.812.20$1,031
Apr 202445884.451.66$760
Mar 202447480.301.55$732
Feb 202444376.091.78$790
Jan 202447173.023.30$1,553
Dec 202348371.262.61$1,261
Nov 202347677.892.81$1,336
Oct 202349285.443.09$1,519
Sep 202348289.042.74$1,318
Aug 202350380.522.67$1,344
Jul 202369274.852.64$1,828
Jun 202349468.962.26$1,116
May 202350670.622.23$1,127
Apr 202349378.122.24$1,103
Mar 202350872.852.39$1,216
Feb 202345075.112.47$1,110
Jan 202351576.533.39$1,745
Dec 202252776.415.73$3,019
Nov 202249585.005.65$2,795
Oct 202250987.185.86$2,985
Sep 202251284.888.16$4,180
Aug 202256894.529.13$5,184
Jul 2022627101.587.54$4,729
Jun 2022682115.097.98$5,440
May 2022434109.378.43$3,660
Apr 20220104.226.84$0
Mar 20220108.885.08$0
Feb 20223591.054.86$170
Jan 202247181.844.54$2,137
Dec 202150671.323.90$1,973
Nov 202148877.435.24$2,556
Oct 202150679.795.71$2,891
Sep 202150269.865.35$2,686
Aug 202153466.024.22$2,254
Jul 202153770.783.98$2,138
Jun 202152269.493.38$1,765
May 202158163.483.02$1,753
Apr 202135560.362.76$979
Mar 202156761.302.72$1,541
Feb 202124257.805.55$1,343
Jan 202151650.412.81$1,450
Dec 202051744.642.68$1,383
Nov 202051438.772.71$1,391
Oct 202047236.972.48$1,170
Sep 202051737.091.99$1,029
Aug 202052339.982.39$1,247
Jul 202056038.371.83$1,022
Jun 202053734.901.69$908
May 202054716.921.81$993
Apr 202052114.751.80$940
Mar 202053230.341.86$988
Feb 202049749.881.98$984
Jan 202053157.252.09$1,112
Dec 2019059.012.30$0
Nov 201951055.302.75$1,403
Oct 201953253.472.42$1,287
Sep 201952355.052.66$1,390
Aug 2019053.112.30$0
Jul 201956556.272.46$1,390
Jun 201954652.782.49$1,360
May 201961258.482.74$1,677
Apr 201944962.632.75$1,235
Mar 201954456.803.06$1,666
Feb 2019050.852.79$0
Jan 2019046.033.23$0
Dec 2018046.594.19$0
Nov 2018052.934.24$0
Oct 201858861.443.40$1,998
Sep 201858059.543.11$1,803
Aug 201858959.403.07$1,806
Jul 201860165.142.93$1,762
Jun 201859360.183.08$1,825
May 201865465.382.90$1,897
Apr 201869263.842.90$2,007
Mar 201811961.222.79$332
Feb 201854861.782.77$1,516
Jan 201862462.874.01$2,502
Dec 201764457.272.92$1,881
Nov 201767555.423.12$2,105
Oct 201745649.292.98$1,361
Sep 201733247.523.09$1,025
Aug 201766345.373.00$1,992
Jul 201735743.873.09$1,102
Jun 201759142.493.09$1,825
May 201763945.373.26$2,085
Apr 201758347.933.21$1,872
Mar 201763946.772.98$1,907
Feb 201758750.452.95$1,733
Jan 201763749.413.42$2,178
Dec 201667548.763.72$2,513
Nov 201673842.492.64$1,952
Oct 201656146.193.09$1,734
Sep 20161941.553.10$59
Aug 201659241.442.92$1,731
Jul 201665841.622.92$1,924
Jun 201663945.352.69$1,716
May 201664842.521.99$1,290
Apr 201663736.561.99$1,268
Mar 201667433.011.79$1,209
Feb 201659426.472.06$1,226
Jan 201666827.352.36$1,579
Dec 201567232.362.00$1,345
Nov 201564038.792.17$1,387
Oct 201567843.552.43$1,645
Sep 201566942.992.76$1,845
Aug 201567740.162.87$1,945
Jul 201570948.152.95$2,088
Jun 201574056.152.88$2,133
May 201543155.212.96$1,274
Apr 201567349.822.71$1,822
Mar 201570042.892.93$2,054
Feb 201561244.662.98$1,821
Jan 201570543.433.10$2,186
Dec 201471454.693.59$2,564
Nov 201469770.464.25$2,964
Oct 201468978.303.90$2,688
Sep 201476386.164.05$3,087
Aug 201456489.394.04$2,276
Jul 201474896.564.18$3,126
Jun 201468898.164.74$3,259
May 201474694.734.73$3,526
Apr 201471695.944.81$3,443
Mar 201474895.895.06$3,782
Feb 201466697.406.19$4,124
Jan 201475090.404.86$3,646
Dec 201376391.824.35$3,322
Nov 201373488.853.74$2,744
Oct 201378797.423.78$2,974
Sep 2013764104.113.72$2,840
Aug 2013815104.253.52$2,871
Jul 2013827102.523.72$3,075
Jun 201385494.403.93$3,359
May 201353194.834.15$2,203
Apr 201378693.964.28$3,366
Mar 201381893.623.91$3,201
Feb 201374291.233.42$2,538
Jan 201382191.603.42$2,808
Dec 201283086.773.42$2,839
Nov 201281586.953.62$2,954
Oct 201284789.383.40$2,880
Sep 201282894.672.92$2,416
Aug 201285792.662.91$2,492
Jul 201287385.133.02$2,637
Jun 201285979.822.52$2,164
May 201285191.612.49$2,118
Apr 2012864101.652.00$1,725
Mar 2012896105.052.22$1,991
Feb 2012842101.102.57$2,164
Jan 201290598.092.73$2,474
Dec 201190496.873.24$2,929
Nov 201189895.723.31$2,974
Oct 201194784.983.65$3,455
Sep 201193983.623.99$3,743
Aug 201198083.404.15$4,066
Jul 201194494.144.52$4,264
Jun 201196792.904.64$4,487
May 20111,00398.134.40$4,418
Apr 2011973105.964.33$4,216
Mar 20111,01096.364.06$4,098
Feb 201193785.644.18$3,917
Jan 20111,01086.504.59$4,635
Dec 20101,02485.734.35$4,452
Nov 20101,00680.843.80$3,818
Oct 20101,04978.103.51$3,681
Sep 20101,02672.633.98$4,083
Aug 20101,06073.684.42$4,685
Jul 20101,07972.554.74$5,111
Jun 20101,07070.364.91$5,254
May 20101,02171.124.24$4,324
Apr 20101,08081.694.12$4,453
Mar 20101,12378.394.39$4,928
Feb 20101,03273.585.44$5,617
Jan 20101,16974.365.96$6,972
Dec 20091,17671.445.48$6,449
Nov 20091,16874.593.75$4,382
Oct 20091,23372.544.11$5,068
Sep 20091,27265.543.06$3,898
Aug 20091,33067.423.22$4,281
Jul 20091,39361.133.46$4,826
Jun 20091,31966.163.90$5,138
May 20091,42354.743.93$5,586
Apr 20091,45946.773.59$5,234
Mar 20091,52342.144.06$6,182
Feb 20091,50732.814.63$6,982
Jan 20092,01135.865.37$10,801
Dec 20081,24137.105.98$7,418
Nov 200879055.496.86$5,420
Oct 200882175.246.92$5,683
Sep 2008813101.767.88$6,404
Aug 2008822114.228.48$6,973
Jul 2008739131.0811.39$8,417
Jun 2008608131.3313.03$7,924
May 2008600123.1711.57$6,945
Apr 2008658110.3110.45$6,879
Mar 20081,055101.909.66$10,196
Feb 20081,00692.538.77$8,823
Jan 200881690.388.21$6,696
Dec 200798988.337.30$7,222
Nov 200795691.677.29$6,971
Oct 200792782.856.92$6,417
Sep 200786975.846.24$5,426
Aug 200773469.066.39$4,689
Jul 200784270.906.39$5,379
Jun 200799362.007.55$7,496
May 20071,05258.747.85$8,254
Apr 20071,04759.617.81$8,172
Mar 20071,12756.927.30$8,229
Feb 20071,14555.108.22$9,407
Jan 20071,56450.306.73$10,521
Dec 20061,66656.656.92$11,526
Nov 2006054.207.62$0
Oct 2006054.906.01$0
Sep 2006060.085.04$0
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 199840311.301.91$769
Jul 19981,14211.742.24$2,555
Jun 19981,35211.242.24$3,025
May 19981,62412.622.21$3,583
Apr 19981,32613.042.51$3,322
Mar 19981,60212.802.31$3,700
Feb 19981,55113.952.30$3,566
Jan 19981,76314.702.15$3,799
Dec 19971,89116.322.41$4,559
Nov 19971,43918.193.09$4,444
Oct 19971,39219.253.15$4,385
Sep 19971,44317.742.95$4,264
Aug 19971,74817.862.55$4,466
Jul 19971,65517.582.25$3,719
Jun 19972,05617.242.26$4,641
May 19971,89318.972.31$4,370
Apr 19971,70417.882.08$3,549
Mar 19971,80718.951.94$3,504
Feb 19971,86820.492.21$4,121
Jan 19971,76923.483.54$6,262
Dec 19961,63523.32$0
Nov 19961,69021.97$0
Oct 19961,75623.31$0
Sep 19961,31322.22$0
Aug 19961,43820.26$0
Jul 19962,13519.55$0
Jun 19962,02718.73$0
May 19962,32719.43$0
Apr 19962,15621.51$0
Mar 19961,96719.38$0
Feb 19962,18016.98$0
Jan 19962,39917.07$0
Dec 19952,27117.19$0
Nov 19952,12716.00$0
Oct 19952,27915.43$0
Sep 19951,83416.18$0
Aug 19952,40215.92$0
Jul 19952,45515.24$0
Jun 19952,08116.41$0
May 19952,03817.56$0
Apr 19952,17017.73$0
Mar 19952,38516.44$0
Feb 19951,74516.58$0
Jan 19952,16515.92$0
Dec 19942,41215.03$0
Nov 19942,52715.90$0
Oct 19943,14115.58$0
Sep 19942,67515.29$0
Aug 19942,79916.13$0
Jul 19943,02617.56$0
Jun 19941,77317.09$0
May 19941,80715.88$0
Apr 19941,93514.14$0
Mar 19942,61112.46$0
Feb 19942,51712.50$0
Jan 19942,90712.66$0
Dec 19932,94512.33$0
Nov 19932,75414.49$0
Oct 19932,49715.85$0
Sep 19932,71515.03$0
Aug 19933,04415.66$0
Jul 19933,25115.46$0
Jun 19933,24616.79$0
May 19933,03517.68$0
Apr 19933,33618.05$0
Mar 19933,40518.14$0
Feb 19933,17717.90$0
Jan 19933,63416.93$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                  445 Mcf  × $  2.87 =     $1,277

────────────────────────────────────────────────────
Month total                                   $1,277

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/27088 is the state's own key, not one this site invented.