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 37779District 10Field 68831200Hydrogen sulphide fieldNGPA filingGasSaveExport
Value, all time
$426 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
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
GasProduction141,976 Mcf$425,937
Total$425,937

40,036 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 35.5469, -101.8162. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

35.54686, -101.81621 · 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
1,897 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 1,897 ft.

Completions filed
Jul 1965
1 of 1 wells

1 well

42-3750015916 R1,897 ftJul 1965

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 202616198.932.87$462
Mar 202616889.753.15$529
Feb 202615163.503.75$566
Jan 202616559.138.00$1,320
Dec 202516656.664.41$733
Nov 202516158.593.93$632
Oct 202516959.383.30$559
Sep 202516762.743.08$514
Aug 202517263.933.01$519
Jul 202517766.743.32$587
Jun 202518066.483.13$563
May 202518760.553.23$604
Apr 202517262.363.54$609
Mar 202515267.704.27$649
Feb 202512670.884.34$547
Jan 202517074.324.28$727
Dec 202416968.993.12$528
Nov 202416569.052.20$363
Oct 202417171.372.28$390
Sep 202416769.612.36$395
Aug 202417375.632.06$357
Jul 202418179.932.15$389
Jun 202417678.082.63$464
May 202418078.812.20$396
Apr 202417884.451.66$295
Mar 202418480.301.55$284
Feb 202417376.091.78$309
Jan 202418273.023.30$600
Dec 202318971.262.61$493
Nov 202318577.892.81$519
Oct 202319485.443.09$599
Sep 202319189.042.74$522
Aug 202317880.522.67$476
Jul 20233674.852.64$95
Jun 202312368.962.26$278
May 202312970.622.23$287
Apr 202312578.122.24$280
Mar 202313072.852.39$311
Feb 202312075.112.47$296
Jan 202313276.533.39$447
Dec 202214176.415.73$808
Nov 202213685.005.65$768
Oct 202213887.185.86$809
Sep 202213984.888.16$1,135
Aug 202215094.529.13$1,369
Jul 2022161101.587.54$1,214
Jun 202261115.097.98$487
May 202288109.378.43$742
Apr 2022105104.226.84$718
Mar 2022112108.885.08$569
Feb 202210191.054.86$491
Jan 20227381.844.54$331
Dec 202111171.323.90$433
Nov 20219977.435.24$518
Oct 20219979.795.71$566
Sep 20219469.865.35$503
Aug 20219766.024.22$409
Jul 20219970.783.98$394
Jun 20219769.493.38$328
May 20212263.483.02$66
Apr 2021060.362.76$0
Mar 2021061.302.72$0
Feb 2021057.805.55$0
Jan 2021050.412.81$0
Dec 2020044.642.68$0
Nov 2020038.772.71$0
Oct 2020036.972.48$0
Sep 2020037.091.99$0
Aug 2020039.982.39$0
Jul 2020038.371.83$0
Jun 2020034.901.69$0
May 2020016.921.81$0
Apr 202013114.751.80$236
Mar 202019730.341.86$366
Feb 202018549.881.98$366
Jan 202019757.252.09$413
Dec 201919759.012.30$454
Nov 201918955.302.75$520
Oct 201919453.472.42$469
Sep 201918855.052.66$500
Aug 201919253.112.30$442
Jul 201920056.272.46$492
Jun 201920252.782.49$503
May 201921758.482.74$595
Apr 201914962.632.75$410
Mar 201920956.803.06$640
Feb 201919450.852.79$542
Jan 201921646.033.23$697
Dec 2018046.594.19$0
Nov 2018052.934.24$0
Oct 201821661.443.40$734
Sep 201821559.543.11$668
Aug 201822359.403.07$684
Jul 201822765.142.93$666
Jun 201823360.183.08$717
May 201813065.382.90$377
Apr 201821063.842.90$609
Mar 20185161.222.79$142
Feb 201820561.782.77$567
Jan 201823162.874.01$926
Dec 201723457.272.92$684
Nov 201723755.423.12$739
Oct 201711949.292.98$355
Sep 201712347.523.09$380
Aug 20177545.373.00$225
Jul 20179143.873.09$281
Jun 201718542.493.09$571
May 201722645.373.26$738
Apr 201722147.933.21$710
Mar 201723146.772.98$689
Feb 201720750.452.95$611
Jan 201723149.413.42$790
Dec 201622348.763.72$830
Nov 201622642.492.64$598
Oct 201623946.193.09$739
Sep 201617641.553.10$546
Aug 201622941.442.92$670
Jul 201623841.622.92$696
Jun 201623245.352.69$623
May 201623242.521.99$462
Apr 201623036.561.99$458
Mar 201623933.011.79$429
Feb 201622826.472.06$471
Jan 201625027.352.36$591
Dec 201525332.362.00$506
Nov 201524838.792.17$538
Oct 201526143.552.43$633
Sep 201526242.992.76$723
Aug 201515640.162.87$448
Jul 201519248.152.95$565
Jun 201525056.152.88$721
May 201520455.212.96$603
Apr 201524649.822.71$666
Mar 201525842.892.93$757
Feb 201522944.662.98$682
Jan 201525843.433.10$800
Dec 201426054.693.59$934
Nov 201425470.464.25$1,080
Oct 201426478.303.90$1,030
Sep 201426786.164.05$1,080
Aug 201419589.394.04$787
Jul 201426296.564.18$1,095
Jun 201425898.164.74$1,222
May 201426194.734.73$1,234
Apr 201425995.944.81$1,246
Mar 201426995.895.06$1,360
Feb 201424097.406.19$1,486
Jan 201427090.404.86$1,312
Dec 201327191.824.35$1,180
Nov 201326588.853.74$991
Oct 201327597.423.78$1,039
Sep 2013267104.113.72$993
Aug 2013277104.253.52$976
Jul 2013278102.523.72$1,034
Jun 201327694.403.93$1,086
May 201315694.834.15$647
Apr 201326693.964.28$1,139
Mar 201327893.623.91$1,088
Feb 201325291.233.42$862
Jan 201327991.603.42$954
Dec 201228186.773.42$961
Nov 201227286.953.62$986
Oct 201228489.383.40$966
Sep 201227694.672.92$805
Aug 201228692.662.91$832
Jul 201229385.133.02$885
Jun 201228879.822.52$725
May 201225391.612.49$630
Apr 2012288101.652.00$575
Mar 2012300105.052.22$667
Feb 2012282101.102.57$725
Jan 201230398.092.73$828
Dec 201130896.873.24$998
Nov 201129695.723.31$980
Oct 201130284.983.65$1,102
Sep 201129383.623.99$1,168
Aug 201130683.404.15$1,270
Jul 201128794.144.52$1,296
Jun 201130392.904.64$1,406
May 201131298.134.40$1,374
Apr 2011295105.964.33$1,278
Mar 201130696.364.06$1,242
Feb 201127885.644.18$1,162
Jan 201131286.504.59$1,432
Dec 201031585.734.35$1,370
Nov 201030580.843.80$1,158
Oct 201030878.103.51$1,081
Sep 201029772.633.98$1,182
Aug 201031573.684.42$1,392
Jul 201032072.554.74$1,516
Jun 201031870.364.91$1,562
May 201024571.124.24$1,038
Apr 201031781.694.12$1,307
Mar 201032978.394.39$1,444
Feb 201029673.585.44$1,611
Jan 201032774.365.96$1,950
Dec 200932771.445.48$1,793
Nov 200931974.593.75$1,197
Oct 200932572.544.11$1,336
Sep 200931165.543.06$953
Aug 200932567.423.22$1,046
Jul 200932761.133.46$1,133
Jun 200931966.163.90$1,243
May 200932554.743.93$1,276
Apr 200932046.773.59$1,148
Mar 200931842.144.06$1,291
Feb 200930132.814.63$1,395
Jan 200933235.865.37$1,783
Dec 200833337.105.98$1,990
Nov 200832455.496.86$2,223
Oct 200834675.246.92$2,395
Sep 2008337101.767.88$2,655
Aug 2008253114.228.48$2,146
Jul 2008247131.0811.39$2,813
Jun 2008243131.3313.03$3,167
May 2008235123.1711.57$2,720
Apr 2008328110.3110.45$3,429
Mar 2008368101.909.66$3,556
Feb 200834392.538.77$3,008
Jan 200837090.388.21$3,036
Dec 200736988.337.30$2,694
Nov 200736591.677.29$2,661
Oct 200737982.856.92$2,623
Sep 200737475.846.24$2,335
Aug 200739069.066.39$2,491
Jul 200739370.906.39$2,510
Jun 200738762.007.55$2,921
May 200739958.747.85$3,131
Apr 200738159.617.81$2,974
Mar 200739856.927.30$2,906
Feb 200736155.108.22$2,966
Jan 200738850.306.73$2,610
Dec 200638956.656.92$2,691
Nov 200640554.207.62$3,085
Oct 200641254.906.01$2,478
Sep 200641860.085.04$2,106
Aug 200643268.717.34$3,171
Jul 200644369.376.34$2,810
Jun 200642866.286.38$2,732
May 200643666.016.42$2,801
Apr 200643464.397.36$3,194
Mar 200645656.707.08$3,230
Feb 200643157.597.75$3,341
Jan 200648760.598.93$4,351
Dec 200550254.9413.42$6,735
Nov 200549554.6910.59$5,241
Oct 200552158.3413.80$7,188
Sep 200551961.4512.08$6,269
Aug 200555761.519.80$5,457
Jul 200551255.697.84$4,016
Jun 200538852.337.38$2,864
May 200538845.226.65$2,581
Apr 200555149.207.36$4,056
Mar 200558950.377.15$4,214
Feb 200519545.226.31$1,231
Jan 20057443.166.32$468
Dec 20047539.866.75$506
Nov 20045445.286.33$342
Oct 20045349.706.52$345
Sep 20045143.245.28$269
Aug 20044442.375.55$244
Jul 20045038.286.08$304
Jun 20044736.106.43$302
May 20042937.486.49$188
Apr 20043634.475.86$211
Mar 20044734.365.53$260
Feb 20046732.455.51$369
Jan 20046732.036.30$422
Dec 20033630.266.30$227
Nov 20034328.804.60$198
Oct 20033328.174.76$157
Sep 20033926.314.75$185
Aug 20038929.765.13$457
Jul 20036029.415.17$310
Jun 200317128.565.98$1,023
May 2003826.595.97$48
Apr 2003026.675.41$0
Mar 2003031.146.10$0
Feb 2003633.487.93$48
Jan 20034430.315.58$246
Dec 200217526.914.85$849
Nov 200222524.664.14$931
Oct 200225226.464.23$1,066
Sep 200229527.443.64$1,072
Aug 200221125.963.16$668
Jul 200218224.583.06$557
Jun 200220823.733.34$694
May 20028024.663.58$287
Apr 200221823.653.51$766
Mar 200227922.003.10$866
Feb 200241118.222.38$976
Jan 200252217.172.38$1,240
Dec 200156816.932.36$1,343
Nov 200169018.072.41$1,660
Oct 200155719.782.53$1,409
Sep 200157224.262.25$1,288
Aug 200163424.873.05$1,936
Jul 200163723.933.20$2,037
Jun 200151724.563.82$1,977
May 200143225.524.31$1,861
Apr 200152724.685.34$2,812
Mar 200124824.545.38$1,333
Feb 200113627.755.77$784
Jan 200136827.478.40$3,091
Dec 200041026.889.12$3,740
Nov 200050132.215.66$2,835
Oct 200063031.235.15$3,242
Sep 200046631.875.19$2,417
Aug 200062429.644.54$2,833
Jul 200050728.534.09$2,074
Jun 200051529.304.40$2,265
May 200064027.263.68$2,355
Apr 200045024.513.12$1,402
Mar 200063928.422.86$1,827
Feb 200041027.622.73$1,118
Jan 200064225.272.48$1,592
Dec 199965424.282.42$1,585
Nov 199959823.192.43$1,456
Oct 199967020.982.80$1,878
Sep 199973321.752.62$1,920
Aug 199971219.262.88$2,047
Jul 199980617.892.37$1,912
Jun 199960415.942.36$1,427
May 199987515.792.32$2,031
Apr 199952215.102.21$1,153
Mar 199947212.471.84$868
Feb 19995359.981.82$973
Jan 199954410.381.90$1,034
Dec 19986289.201.77$1,114
Nov 199876010.892.19$1,661
Oct 199878712.421.97$1,550
Sep 199878012.592.08$1,624
Aug 199880511.301.91$1,535
Jul 199878411.742.24$1,754
Jun 199827111.242.24$606
May 199867312.622.21$1,485
Apr 199862013.042.51$1,553
Mar 199874412.802.31$1,718
Feb 199833213.952.30$763
Jan 199850314.702.15$1,084
Dec 199775416.322.41$1,818
Nov 199761318.193.09$1,893
Oct 199773919.253.15$2,328
Sep 199781117.742.95$2,396
Aug 199785517.862.55$2,184
Jul 199783317.582.25$1,872
Jun 199785817.242.26$1,937
May 199783018.972.31$1,916
Apr 199768417.882.08$1,425
Mar 199776418.951.94$1,482
Feb 199768920.492.21$1,520
Jan 199771923.483.54$2,545
Dec 199676223.32$0
Nov 199671421.97$0
Oct 199682723.31$0
Sep 199671022.22$0
Aug 199682320.26$0
Jul 199685319.55$0
Jun 199692018.73$0
May 199692219.43$0
Apr 199683921.51$0
Mar 199679919.38$0
Feb 199672016.98$0
Jan 199680517.07$0
Dec 199583517.19$0
Nov 199584916.00$0
Oct 199585415.43$0
Sep 199567116.18$0
Aug 199552215.92$0
Jul 199556715.24$0
Jun 199574716.41$0
May 199564817.56$0
Apr 199585417.73$0
Mar 199572316.44$0
Feb 199570816.58$0
Jan 199571315.92$0
Dec 199481915.03$0
Nov 199487715.90$0
Oct 199495515.58$0
Sep 199497115.29$0
Aug 199497616.13$0
Jul 19941,00517.56$0
Jun 199490117.09$0
May 199463415.88$0
Apr 199481314.14$0
Mar 199474512.46$0
Feb 199478712.50$0
Jan 199497812.66$0
Dec 199398012.33$0
Nov 199384314.49$0
Oct 199389415.85$0
Sep 199393515.03$0
Aug 19931,04115.66$0
Jul 199398415.46$0
Jun 199382616.79$0
May 199391517.68$0
Apr 199391918.05$0
Mar 199390018.14$0
Feb 199389617.90$0
Jan 19931,05716.93$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                  161 Mcf  × $  2.87 =       $462

────────────────────────────────────────────────────
Month total                                     $462

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/37779 is the state's own key, not one this site invented.