MERCHANT, IRA B.

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 33395District 10Field 68831200Hydrogen sulphide fieldNGPA filingCondensateGasSaveExport
Value, all time
$200 k
Jan 1993 – May 2026
Value, last 12 filed months
$0
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
CondensateDisposition21 bbl$1,176
GasProduction66,743 Mcf$198,725
Total$199,901

17,974 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 35.7413, -101.5020. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

35.74130, -101.50202 · 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
1,926 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 1,926 ft.

Completions filed
Nov 1963
1 of 1 wells

1 well

42-233806011R1,926 ftNov 1963

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 20260098.932.87$0
Mar 20260089.753.15$0
Feb 20260063.503.75$0
Jan 20260059.138.00$0
Dec 20250056.664.41$0
Nov 20250058.593.93$0
Oct 20250059.383.30$0
Sep 20250062.743.08$0
Aug 20250063.933.01$0
Jul 20250066.743.32$0
Jun 20250066.483.13$0
May 20250060.553.23$0
Apr 20250062.363.54$0
Mar 20250067.704.27$0
Feb 20250070.884.34$0
Jan 20250074.324.28$0
Dec 20240068.993.12$0
Nov 20240069.052.20$0
Oct 20240071.372.28$0
Sep 20240069.612.36$0
Aug 20240075.632.06$0
Jul 20240079.932.15$0
Jun 20240078.082.63$0
May 20240078.812.20$0
Apr 20240084.451.66$0
Mar 20240080.301.55$0
Feb 20240076.091.78$0
Jan 20240073.023.30$0
Dec 20230071.262.61$0
Nov 20230077.892.81$0
Oct 20230085.443.09$0
Sep 20230089.042.74$0
Aug 20230080.522.67$0
Jul 20230074.852.64$0
Jun 20230068.962.26$0
May 20230070.622.23$0
Apr 20230078.122.24$0
Mar 20230072.852.39$0
Feb 20230075.112.47$0
Jan 20230076.533.39$0
Dec 20220076.415.73$0
Nov 20220085.005.65$0
Oct 20220087.185.86$0
Sep 20220084.888.16$0
Aug 20220094.529.13$0
Jul 202200101.587.54$0
Jun 202200115.097.98$0
May 202200109.378.43$0
Apr 202200104.226.84$0
Mar 202200108.885.08$0
Feb 20220091.054.86$0
Jan 20220081.844.54$0
Dec 20210071.323.90$0
Nov 20210077.435.24$0
Oct 20210079.795.71$0
Sep 20210069.865.35$0
Aug 20210066.024.22$0
Jul 20210070.783.98$0
Jun 20210069.493.38$0
May 20210063.483.02$0
Apr 20210060.362.76$0
Mar 20210061.302.72$0
Feb 20210057.805.55$0
Jan 20210050.412.81$0
Dec 20200044.642.68$0
Nov 20200038.772.71$0
Oct 20200036.972.48$0
Sep 20200037.091.99$0
Aug 20200039.982.39$0
Jul 20200038.371.83$0
Jun 20200034.901.69$0
May 20200016.921.81$0
Apr 20200014.751.80$0
Mar 20200030.341.86$0
Feb 202013549.881.98$119
Jan 2020539957.252.09$1,122
Dec 2019341759.012.30$1,138
Nov 2019235255.302.75$1,079
Oct 2019230553.472.42$845
Sep 2019024655.052.66$654
Aug 20190053.112.30$0
Jul 20191056.272.46$56
Jun 201902252.782.49$55
May 201913358.482.74$149
Apr 201913262.632.75$151
Mar 201913856.803.06$173
Feb 201914750.852.79$182
Jan 20191146.033.23$49
Dec 2018013546.594.19$565
Nov 2018112452.934.24$578
Oct 2018114861.443.40$564
Sep 2018013259.543.11$410
Aug 201808259.403.07$251
Jul 2018013765.142.93$402
Jun 2018017760.183.08$545
May 2018019465.382.90$563
Apr 2018056963.842.90$1,651
Mar 2018036061.222.79$1,003
Feb 2018012361.782.77$340
Jan 201805862.874.01$233
Dec 2017014857.272.92$432
Nov 2017015155.423.12$471
Oct 2017012849.292.98$382
Sep 2017013747.523.09$423
Aug 2017014745.373.00$442
Jul 2017013643.873.09$420
Jun 2017013542.493.09$417
May 201708545.373.26$277
Apr 2017015347.933.21$491
Mar 2017017146.772.98$510
Feb 2017016450.452.95$484
Jan 2017018449.413.42$629
Dec 2016012648.763.72$469
Nov 2016015442.492.64$407
Oct 2016014546.193.09$448
Sep 2016016841.553.10$521
Aug 2016018841.442.92$550
Jul 2016017341.622.92$506
Jun 2016018245.352.69$489
May 20160042.521.99$0
Apr 2016010236.561.99$203
Mar 2016019533.011.79$350
Feb 2016021926.472.06$452
Jan 2016027527.352.36$650
Dec 2015024732.362.00$494
Nov 2015015338.792.17$332
Oct 2015019743.552.43$478
Sep 2015019342.992.76$532
Aug 2015018140.162.87$520
Jul 2015017548.152.95$515
Jun 2015017856.152.88$513
May 2015026355.212.96$777
Apr 2015016149.822.71$436
Mar 2015022342.892.93$654
Feb 20150044.662.98$0
Jan 201503743.433.10$115
Dec 2014026754.693.59$959
Nov 2014028870.464.25$1,225
Oct 2014024278.303.90$944
Sep 2014015386.164.05$619
Aug 201406489.394.04$258
Jul 201408396.564.18$347
Jun 201409098.164.74$426
May 2014012094.734.73$567
Apr 201403895.944.81$183
Mar 201405595.895.06$278
Feb 201405997.406.19$365
Jan 201405990.404.86$287
Dec 201308291.824.35$357
Nov 2013013788.853.74$512
Oct 201305697.423.78$212
Sep 2013055104.113.72$204
Aug 2013055104.253.52$194
Jul 2013052102.523.72$193
Jun 201306494.403.93$252
May 2013011994.834.15$494
Apr 201308893.964.28$377
Mar 201309693.623.91$376
Feb 201308091.233.42$274
Jan 2013012191.603.42$414
Dec 2012013186.773.42$448
Nov 201207886.953.62$283
Oct 201207689.383.40$258
Sep 201209094.672.92$263
Aug 2012013292.662.91$384
Jul 2012013385.133.02$402
Jun 2012016679.822.52$418
May 201206091.612.49$149
Apr 20120106101.652.00$212
Mar 20120118105.052.22$262
Feb 2012074101.102.57$190
Jan 2012013798.092.73$375
Dec 2011011996.873.24$386
Nov 2011013395.723.31$440
Oct 2011014684.983.65$533
Sep 2011015883.623.99$630
Aug 2011015783.404.15$651
Jul 2011017994.144.52$809
Jun 2011019892.904.64$919
May 2011011098.134.40$485
Apr 201100105.964.33$0
Mar 20110096.364.06$0
Feb 20110085.644.18$0
Jan 201108386.504.59$381
Dec 2010014185.734.35$613
Nov 2010016880.843.80$638
Oct 2010014978.103.51$523
Sep 2010015772.633.98$625
Aug 2010018373.684.42$809
Jul 2010010572.554.74$497
Jun 201009770.364.91$476
May 201007771.124.24$326
Apr 201007881.694.12$322
Mar 201009578.394.39$417
Feb 201006973.585.44$376
Jan 201008874.365.96$525
Dec 2009014571.445.48$795
Nov 2009011274.593.75$420
Oct 2009010272.544.11$419
Sep 2009011265.543.06$343
Aug 2009014867.423.22$476
Jul 2009010661.133.46$367
Jun 2009013266.163.90$514
May 2009013054.743.93$510
Apr 200909346.773.59$334
Mar 2009013942.144.06$564
Feb 2009010232.814.63$473
Jan 200909035.865.37$483
Dec 2008011437.105.98$681
Nov 2008014255.496.86$974
Oct 2008016675.246.92$1,149
Sep 20080136101.767.88$1,071
Aug 20080139114.228.48$1,179
Jul 20080144131.0811.39$1,640
Jun 20080125131.3313.03$1,629
May 20080127123.1711.57$1,470
Apr 20080138110.3110.45$1,443
Mar 20080187101.909.66$1,807
Feb 2008017292.538.77$1,509
Jan 2008018690.388.21$1,526
Dec 2007018288.337.30$1,329
Nov 2007018091.677.29$1,313
Oct 2007017482.856.92$1,204
Sep 2007015475.846.24$962
Aug 2007016869.066.39$1,073
Jul 2007017670.906.39$1,124
Jun 2007018162.007.55$1,366
May 2007022058.747.85$1,726
Apr 200707359.617.81$570
Mar 2007016856.927.30$1,227
Feb 2007011855.108.22$969
Jan 2007015150.306.73$1,016
Dec 200605856.656.92$401
Nov 2006011554.207.62$876
Oct 2006012154.906.01$728
Sep 2006013060.085.04$655
Aug 2006016368.717.34$1,196
Jul 2006014169.376.34$894
Jun 2006013266.286.38$843
May 2006014966.016.42$957
Apr 2006013564.397.36$994
Mar 2006014256.707.08$1,006
Feb 2006010957.597.75$845
Jan 2006012960.598.93$1,152
Dec 2005014154.9413.42$1,892
Nov 2005015254.6910.59$1,609
Oct 2005021158.3413.80$2,911
Sep 200506261.4512.08$749
Aug 2005018061.519.80$1,763
Jul 2005020055.697.84$1,569
Jun 2005016252.337.38$1,196
May 2005019445.226.65$1,290
Apr 2005019449.207.36$1,428
Mar 2005019250.377.15$1,374
Feb 2005017945.226.31$1,130
Jan 2005019143.166.32$1,208
Dec 2004020039.866.75$1,350
Nov 2004021145.286.33$1,336
Oct 2004021349.706.52$1,388
Sep 2004022643.245.28$1,194
Aug 2004022142.375.55$1,227
Jul 2004014038.286.08$852
Jun 2004011536.106.43$740
May 2004019837.486.49$1,286
Apr 2004016534.475.86$967
Mar 2004015334.365.53$846
Feb 2004013732.455.51$755
Jan 2004015732.036.30$989
Dec 200309630.266.30$605
Nov 2003018128.804.60$832
Oct 2003020628.174.76$980
Sep 2003018926.314.75$898
Aug 2003014429.765.13$739
Jul 2003014829.415.17$765
Jun 2003022828.565.98$1,364
May 2003024826.595.97$1,481
Apr 2003013226.675.41$714
Mar 2003015831.146.10$963
Feb 2003015233.487.93$1,205
Jan 200304630.315.58$257
Dec 2002016526.914.85$801
Nov 2002011924.664.14$492
Oct 2002020426.464.23$863
Sep 2002030927.443.64$1,123
Aug 2002030125.963.16$952
Jul 2002027424.583.06$839
Jun 2002029223.733.34$975
May 2002015524.663.58$556
Apr 20020723.653.51$25
Mar 2002018422.003.10$571
Feb 2002017818.222.38$423
Jan 2002017717.172.38$421
Dec 200108416.932.36$199
Nov 200101818.072.41$43
Oct 200104219.782.53$106
Sep 2001015324.262.25$344
Aug 2001016424.873.05$501
Jul 2001015023.933.20$480
Jun 2001019524.563.82$746
May 2001022325.524.31$961
Apr 2001019924.685.34$1,062
Mar 2001021524.545.38$1,156
Feb 2001016627.755.77$957
Jan 2001018327.478.40$1,537
Dec 2000011726.889.12$1,067
Nov 2000013932.215.66$786
Oct 2000018631.235.15$957
Sep 2000023131.875.19$1,198
Aug 2000026329.644.54$1,194
Jul 2000024828.534.09$1,014
Jun 2000024729.304.40$1,086
May 2000036927.263.68$1,358
Apr 2000030324.513.12$944
Mar 2000030428.422.86$869
Feb 2000024327.622.73$663
Jan 2000012325.272.48$305
Dec 1999024424.282.42$591
Nov 1999013723.192.43$333
Oct 1999023620.982.80$662
Sep 1999022821.752.62$597
Aug 1999023619.262.88$679
Jul 1999025217.892.37$598
Jun 1999025815.942.36$609
May 1999024115.792.32$559
Apr 1999025315.102.21$559
Mar 1999027012.471.84$496
Feb 199902569.981.82$465
Jan 1999027410.381.90$521
Dec 199802189.201.77$387
Nov 1998033010.892.19$721
Oct 1998037312.421.97$735
Sep 1998040012.592.08$833
Aug 1998035311.301.91$673
Jul 1998037311.742.24$835
Jun 1998037211.242.24$832
May 1998033212.622.21$733
Apr 1998029513.042.51$739
Mar 1998031412.802.31$725
Feb 1998029213.952.30$671
Jan 1998037414.702.15$806
Dec 1997036816.322.41$887
Nov 1997041918.193.09$1,294
Oct 1997047519.253.15$1,496
Sep 1997052117.742.95$1,539
Aug 1997051317.862.55$1,311
Jul 1997050717.582.25$1,139
Jun 1997052617.242.26$1,187
May 1997051118.972.31$1,180
Apr 1997046217.882.08$962
Mar 1997053318.951.94$1,034
Feb 1997039120.492.21$863
Jan 1997057023.483.54$2,018
Dec 1996036123.32$0
Nov 1996053921.97$0
Oct 1996049423.31$0
Sep 1996056722.22$0
Aug 1996054720.26$0
Jul 1996054919.55$0
Jun 1996030618.73$0
May 1996049819.43$0
Apr 1996043321.51$0
Mar 1996023019.38$0
Feb 1996021816.98$0
Jan 1996018017.07$0
Dec 1995010217.19$0
Nov 1995023816.00$0
Oct 1995027915.43$0
Sep 1995021416.18$0
Aug 1995035115.92$0
Jul 1995029815.24$0
Jun 1995037316.41$0
May 1995037917.56$0
Apr 1995034717.73$0
Mar 1995038416.44$0
Feb 1995040016.58$0
Jan 1995043815.92$0
Dec 1994043315.03$0
Nov 1994037915.90$0
Oct 1994040315.58$0
Sep 1994041115.29$0
Aug 1994044016.13$0
Jul 1994042917.56$0
Jun 1994042617.09$0
May 1994041615.88$0
Apr 1994040014.14$0
Mar 1994038712.46$0
Feb 1994038812.50$0
Jan 1994035212.66$0
Dec 1993019112.33$0
Nov 1993035814.49$0
Oct 1993036815.85$0
Sep 1993035315.03$0
Aug 1993037215.66$0
Jul 1993035115.46$0
Jun 1993041116.79$0
May 1993044317.68$0
Apr 1993045218.05$0
Mar 1993037918.14$0
Feb 1993025017.90$0
Jan 1993045716.93$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.

Feb 2020 — as filed, then multipliedworked
Condensate             1 bbl  × $ 49.88 =        $50
Gas                   35 Mcf  × $  1.98 =        $69

────────────────────────────────────────────────────
Month total                                     $119

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/33395 is the state's own key, not one this site invented.