MASTERSON, M.

Operated by PETRO-SMITH OPERATING LLC (P-5 660313) 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 39822District 10Field 68831200Hydrogen sulphide fieldNGPA filingGasSaveExport
Value, all time
$136 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
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
GasProduction33,369 Mcf$135,952
Total$135,952

4,607 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 35.6192, -101.7416. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

35.61924, -101.74160 · 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
1,693 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 1,693 ft.

Completions filed
Aug 1965
1 of 1 wells

1 well

42-3750039711,693 ftAug 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 2026098.932.87$0
Mar 2026089.753.15$0
Feb 2026063.503.75$0
Jan 2026059.138.00$0
Dec 2025056.664.41$0
Nov 2025058.593.93$0
Oct 2025059.383.30$0
Sep 2025062.743.08$0
Aug 2025063.933.01$0
Jul 2025066.743.32$0
Jun 2025066.483.13$0
May 2025060.553.23$0
Apr 2025062.363.54$0
Mar 2025067.704.27$0
Feb 2025070.884.34$0
Jan 2025074.324.28$0
Dec 2024068.993.12$0
Nov 2024069.052.20$0
Oct 2024071.372.28$0
Sep 2024069.612.36$0
Aug 2024075.632.06$0
Jul 2024079.932.15$0
Jun 2024078.082.63$0
May 2024078.812.20$0
Apr 2024084.451.66$0
Mar 2024080.301.55$0
Feb 2024076.091.78$0
Jan 2024073.023.30$0
Dec 2023071.262.61$0
Nov 2023077.892.81$0
Oct 2023085.443.09$0
Sep 2023089.042.74$0
Aug 2023080.522.67$0
Jul 2023074.852.64$0
Jun 2023068.962.26$0
May 2023070.622.23$0
Apr 2023078.122.24$0
Mar 2023072.852.39$0
Feb 2023075.112.47$0
Jan 2023076.533.39$0
Dec 2022076.415.73$0
Nov 2022085.005.65$0
Oct 2022087.185.86$0
Sep 2022084.888.16$0
Aug 2022094.529.13$0
Jul 20220101.587.54$0
Jun 20220115.097.98$0
May 20220109.378.43$0
Apr 20220104.226.84$0
Mar 20220108.885.08$0
Feb 2022091.054.86$0
Jan 2022081.844.54$0
Dec 2021071.323.90$0
Nov 2021077.435.24$0
Oct 2021079.795.71$0
Sep 2021069.865.35$0
Aug 2021066.024.22$0
Jul 2021070.783.98$0
Jun 2021069.493.38$0
May 2021063.483.02$0
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 2020014.751.80$0
Mar 2020030.341.86$0
Feb 2020049.881.98$0
Jan 2020057.252.09$0
Dec 2019059.012.30$0
Nov 2019055.302.75$0
Oct 2019053.472.42$0
Sep 2019055.052.66$0
Aug 2019053.112.30$0
Jul 2019056.272.46$0
Jun 2019052.782.49$0
May 2019058.482.74$0
Apr 2019062.632.75$0
Mar 2019056.803.06$0
Feb 2019050.852.79$0
Jan 2019046.033.23$0
Dec 2018046.594.19$0
Nov 2018052.934.24$0
Oct 2018061.443.40$0
Sep 2018059.543.11$0
Aug 2018059.403.07$0
Jul 2018065.142.93$0
Jun 2018060.183.08$0
May 2018065.382.90$0
Apr 2018063.842.90$0
Mar 2018061.222.79$0
Feb 2018061.782.77$0
Jan 2018062.874.01$0
Dec 2017057.272.92$0
Nov 2017055.423.12$0
Oct 2017049.292.98$0
Sep 2017047.523.09$0
Aug 2017045.373.00$0
Jul 2017043.873.09$0
Jun 2017042.493.09$0
May 2017045.373.26$0
Apr 2017047.933.21$0
Mar 2017046.772.98$0
Feb 2017050.452.95$0
Jan 2017049.413.42$0
Dec 2016048.763.72$0
Nov 2016042.492.64$0
Oct 2016046.193.09$0
Sep 2016041.553.10$0
Aug 2016041.442.92$0
Jul 2016041.622.92$0
Jun 2016045.352.69$0
May 2016042.521.99$0
Apr 2016236.561.99$4
Mar 2016033.011.79$0
Feb 2016026.472.06$0
Jan 2016027.352.36$0
Dec 2015332.362.00$6
Nov 201512838.792.17$277
Oct 201523043.552.43$558
Sep 201513542.992.76$372
Aug 201523840.162.87$684
Jul 201517048.152.95$501
Jun 201523056.152.88$663
May 201512555.212.96$369
Apr 201520049.822.71$541
Mar 201518542.892.93$543
Feb 201524244.662.98$720
Jan 201516343.433.10$505
Dec 201421154.693.59$758
Nov 201417470.464.25$740
Oct 201412778.303.90$495
Sep 201414886.164.05$599
Aug 201416389.394.04$658
Jul 201414596.564.18$606
Jun 201413998.164.74$658
May 201412994.734.73$610
Apr 201415995.944.81$765
Mar 201419995.895.06$1,006
Feb 201414697.406.19$904
Jan 201420390.404.86$987
Dec 201321491.824.35$932
Nov 201319788.853.74$736
Oct 201325697.423.78$968
Sep 2013264104.113.72$981
Aug 2013441104.253.52$1,553
Jul 20130102.523.72$0
Jun 2013094.403.93$0
May 2013094.834.15$0
Apr 2013093.964.28$0
Mar 2013093.623.91$0
Feb 2013091.233.42$0
Jan 2013091.603.42$0
Dec 201210886.773.42$369
Nov 201218986.953.62$685
Oct 201220189.383.40$683
Sep 201218194.672.92$528
Aug 201213192.662.91$381
Jul 201212385.133.02$372
Jun 201216879.822.52$423
May 201218391.612.49$455
Apr 2012182101.652.00$363
Mar 2012132105.052.22$293
Feb 2012110101.102.57$283
Jan 201217698.092.73$481
Dec 201112696.873.24$408
Nov 20119795.723.31$321
Oct 201120084.983.65$730
Sep 201120883.623.99$829
Aug 201119183.404.15$793
Jul 201118394.144.52$827
Jun 201117792.904.64$821
May 201116798.134.40$736
Apr 2011167105.964.33$724
Mar 201115796.364.06$637
Feb 201112685.644.18$527
Jan 201118386.504.59$840
Dec 201027385.734.35$1,187
Nov 201017380.843.80$657
Oct 201010678.103.51$372
Sep 201015872.633.98$629
Aug 201020873.684.42$919
Jul 201016772.554.74$791
Jun 201024570.364.91$1,203
May 201019171.124.24$809
Apr 201019981.694.12$820
Mar 201022978.394.39$1,005
Feb 20103473.585.44$185
Jan 20104374.365.96$256
Dec 200911271.445.48$614
Nov 200918774.593.75$702
Oct 200921172.544.11$867
Sep 200916165.543.06$493
Aug 200913167.423.22$422
Jul 200914861.133.46$513
Jun 200914666.163.90$569
May 200921154.743.93$828
Apr 200911646.773.59$416
Mar 200917942.144.06$727
Feb 200916932.814.63$783
Jan 200911535.865.37$618
Dec 200825037.105.98$1,494
Nov 20089555.496.86$652
Oct 20084475.246.92$305
Sep 2008170101.767.88$1,339
Aug 2008158114.228.48$1,340
Jul 200864131.0811.39$729
Jun 2008133131.3313.03$1,733
May 200899123.1711.57$1,146
Apr 20084110.3110.45$42
Mar 2008152101.909.66$1,469
Feb 200814492.538.77$1,263
Jan 20083390.388.21$271
Dec 200714388.337.30$1,044
Nov 200712891.677.29$933
Oct 20079182.856.92$630
Sep 200714675.846.24$912
Aug 200717069.066.39$1,086
Jul 200722170.906.39$1,412
Jun 200719362.007.55$1,457
May 200722558.747.85$1,765
Apr 200720459.617.81$1,592
Mar 200716056.927.30$1,168
Feb 2007055.108.22$0
Jan 20071150.306.73$74
Dec 200612056.656.92$830
Nov 200610454.207.62$792
Oct 20063054.906.01$180
Sep 200613660.085.04$685
Aug 200619868.717.34$1,453
Jul 200625369.376.34$1,605
Jun 20065766.286.38$364
May 200622966.016.42$1,471
Apr 200628764.397.36$2,112
Mar 2006056.707.08$0
Feb 20062257.597.75$171
Jan 200610560.598.93$938
Dec 200511054.9413.42$1,476
Nov 200522454.6910.59$2,372
Oct 200525658.3413.80$3,532
Sep 20054661.4512.08$556
Aug 200522861.519.80$2,234
Jul 200527055.697.84$2,118
Jun 200523852.337.38$1,757
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 200413542.375.55$749
Jul 200410738.286.08$651
Jun 200410336.106.43$663
May 20049137.486.49$591
Apr 200414434.475.86$844
Mar 200412334.365.53$680
Feb 200411132.455.51$612
Jan 200410532.036.30$661
Dec 200318330.266.30$1,153
Nov 200315128.804.60$694
Oct 200313828.174.76$657
Sep 200313826.314.75$655
Aug 20036829.765.13$349
Jul 200316929.415.17$874
Jun 200310028.565.98$598
May 200316526.595.97$985
Apr 200318926.675.41$1,022
Mar 200315031.146.10$914
Feb 200315433.487.93$1,221
Jan 200316630.315.58$927
Dec 200213226.914.85$641
Nov 200218824.664.14$778
Oct 200225626.464.23$1,083
Sep 200215527.443.64$563
Aug 200214025.963.16$443
Jul 200215024.583.06$459
Jun 200214823.733.34$494
May 200214524.663.58$520
Apr 200216523.653.51$580
Mar 200217422.003.10$540
Feb 200214218.222.38$337
Jan 200213617.172.38$323
Dec 200118016.932.36$426
Nov 200120318.072.41$488
Oct 200123219.782.53$587
Sep 20016924.262.25$155
Aug 20016524.873.05$198
Jul 20017323.933.20$233
Jun 20017824.563.82$298
May 20018625.524.31$370
Apr 20019824.685.34$523
Mar 20018424.545.38$452
Feb 20017927.755.77$456
Jan 20016627.478.40$554
Dec 200012626.889.12$1,149
Nov 20003832.215.66$215
Oct 20009931.235.15$509
Sep 20008131.875.19$420
Aug 20006429.644.54$291
Jul 20008528.534.09$348
Jun 20004829.304.40$211
May 20009027.263.68$331
Apr 20006824.513.12$212
Mar 20007528.422.86$214
Feb 200012227.622.73$333
Jan 20003025.272.48$74
Dec 19997624.282.42$184
Nov 19996223.192.43$151
Oct 19999120.982.80$255
Sep 1999021.752.62$0
Aug 1999019.262.88$0
Jul 1999017.892.37$0
Jun 19994515.942.36$106
May 1999415.792.32$9
Apr 199910015.102.21$221
Mar 19999412.471.84$173
Feb 1999819.981.82$147
Jan 19995910.381.90$112
Dec 1998809.201.77$142
Nov 19988010.892.19$175
Oct 19989712.421.97$191
Sep 199810112.592.08$210
Aug 19988011.301.91$153
Jul 199810711.742.24$239
Jun 19988911.242.24$199
May 19989812.622.21$216
Apr 19989613.042.51$241
Mar 19989512.802.31$219
Feb 19987413.952.30$170
Jan 19988514.702.15$183
Dec 19979716.322.41$234
Nov 19979418.193.09$290
Oct 199710119.253.15$318
Sep 19977217.742.95$213
Aug 19979417.862.55$240
Jul 19979417.582.25$211
Jun 19979917.242.26$223
May 19979118.972.31$210
Apr 19979417.882.08$196
Mar 19979418.951.94$182
Feb 19978720.492.21$192
Jan 19979623.483.54$340
Dec 199610223.32$0
Nov 19969521.97$0
Oct 19969423.31$0
Sep 19969622.22$0
Aug 199610120.26$0
Jul 199610019.55$0
Jun 199610018.73$0
May 199610919.43$0
Apr 199610521.51$0
Mar 199610719.38$0
Feb 199611016.98$0
Jan 199612117.07$0
Dec 199515517.19$0
Nov 19956716.00$0
Oct 19959015.43$0
Sep 19957916.18$0
Aug 19959115.92$0
Jul 199511515.24$0
Jun 19959116.41$0
May 199513117.56$0
Apr 19954817.73$0
Mar 19957216.44$0
Feb 19956616.58$0
Jan 19956615.92$0
Dec 199411115.03$0
Nov 19949215.90$0
Oct 199410515.58$0
Sep 19949015.29$0
Aug 199412516.13$0
Jul 19949117.56$0
Jun 199410017.09$0
May 199410415.88$0
Apr 19949914.14$0
Mar 199411112.46$0
Feb 19948712.50$0
Jan 199412312.66$0
Dec 199313012.33$0
Nov 19933214.49$0
Oct 19937915.85$0
Sep 19939015.03$0
Aug 19939515.66$0
Jul 19939715.46$0
Jun 19938616.79$0
May 19939417.68$0
Apr 19939518.05$0
Mar 19939318.14$0
Feb 19937817.90$0
Jan 19938916.93$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 2016 — as filed, then multipliedworked
Gas                    2 Mcf  × $  1.99 =         $4

────────────────────────────────────────────────────
Month total                                       $4

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/39822 is the state's own key, not one this site invented.