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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 43401District 10Field 68831200Hydrogen sulphide fieldNGPA filingGasSaveExport
Value, all time
$413 k
Jan 1993 – May 2026
Value, last 12 filed months
$8 k
at the published price for each month
Months reported
401
no gaps in the span
Streams
1
gas

The PANHANDLE, WEST (RED CAVE) field

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
NGPA2none——

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
GasProduction127,798 Mcf$412,594
Total$412,594

27,107 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 35.5266, -101.7909. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

35.52664, -101.79087 · 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
1,900 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 1,900 ft.

Completions filed
Aug 1968
1 of 1 wells

1 well

42-3752005127 R1,900 ftAug 1968——

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 202619698.932.87$562
Mar 202620489.753.15$642
Feb 202617863.503.75$668
Jan 202620459.138.00$1,632
Dec 202520556.664.41$905
Nov 202519858.593.93$777
Oct 202520759.383.30$684
Sep 202520262.743.08$622
Aug 202520163.933.01$606
Jul 202520966.743.32$693
Jun 202520366.483.13$635
May 202521060.553.23$679
Apr 202520362.363.54$719
Mar 202518767.704.27$798
Feb 202518770.884.34$812
Jan 2025374.324.28$13
Dec 202420968.993.12$652
Nov 202420369.052.20$446
Oct 202421071.372.28$479
Sep 202420369.612.36$480
Aug 202421075.632.06$433
Jul 202421679.932.15$464
Jun 202420878.082.63$548
May 202421578.812.20$473
Apr 202420884.451.66$345
Mar 202421580.301.55$332
Feb 202420276.091.78$360
Jan 202421673.023.30$712
Dec 202321871.262.61$569
Nov 202321277.892.81$595
Oct 202322185.443.09$682
Sep 202321589.042.74$588
Aug 202322380.522.67$596
Jul 202312374.852.64$325
Jun 202321668.962.26$488
May 202322370.622.23$497
Apr 202321678.122.24$483
Mar 202322372.852.39$534
Feb 202320375.112.47$501
Jan 202322576.533.39$762
Dec 202222576.415.73$1,289
Nov 202221985.005.65$1,237
Oct 202222787.185.86$1,331
Sep 202222184.888.16$1,804
Aug 202223094.529.13$2,099
Jul 2022232101.587.54$1,750
Jun 2022210115.097.98$1,675
May 2022229109.378.43$1,931
Apr 2022221104.226.84$1,511
Mar 2022228108.885.08$1,157
Feb 202220991.054.86$1,016
Jan 202222881.844.54$1,035
Dec 202123271.323.90$905
Nov 202122577.435.24$1,178
Oct 202123479.795.71$1,337
Sep 202122969.865.35$1,225
Aug 202123866.024.22$1,005
Jul 202123970.783.98$952
Jun 202123469.493.38$791
May 202124663.483.02$742
Apr 202113860.362.76$381
Mar 202124761.302.72$671
Feb 202112557.805.55$693
Jan 202123750.412.81$666
Dec 202023944.642.68$639
Nov 202023638.772.71$639
Oct 202022936.972.48$568
Sep 202023737.091.99$472
Aug 202024639.982.39$587
Jul 202024738.371.83$451
Jun 202024034.901.69$406
May 202024916.921.81$452
Apr 202024214.751.80$437
Mar 202025430.341.86$471
Feb 202022849.881.98$452
Jan 202026157.252.09$547
Dec 201926759.012.30$615
Nov 201926555.302.75$729
Oct 201928253.472.42$682
Sep 201924255.052.66$643
Aug 201925453.112.30$585
Jul 201914956.272.46$367
Jun 2019052.782.49$0
May 2019058.482.74$0
Apr 2019062.632.75$0
Mar 20194956.803.06$150
Feb 201924450.852.79$681
Jan 201911246.033.23$362
Dec 2018046.594.19$0
Nov 2018052.934.24$0
Oct 201826461.443.40$897
Sep 201826759.543.11$830
Aug 201828959.403.07$886
Jul 201831365.142.93$918
Jun 2018360.183.08$9
May 201812965.382.90$374
Apr 201817963.842.90$519
Mar 2018061.222.79$0
Feb 201812261.782.77$337
Jan 201814062.874.01$561
Dec 201723457.272.92$684
Nov 201727055.423.12$842
Oct 201714649.292.98$436
Sep 201714447.523.09$445
Aug 201721645.373.00$649
Jul 201719043.873.09$587
Jun 201724242.493.09$747
May 201725545.373.26$832
Apr 201725247.933.21$809
Mar 201725746.772.98$767
Feb 201723350.452.95$688
Jan 201727149.413.42$926
Dec 201626548.763.72$987
Nov 201627542.492.64$727
Oct 201618646.193.09$575
Sep 2016041.553.10$0
Aug 201624341.442.92$711
Jul 201625641.622.92$749
Jun 201624845.352.69$666
May 201626442.521.99$526
Apr 201625736.561.99$512
Mar 201627033.011.79$484
Feb 201623926.472.06$493
Jan 201627027.352.36$638
Dec 201527032.362.00$540
Nov 201526238.792.17$568
Oct 201527243.552.43$660
Sep 201526342.992.76$725
Aug 201527040.162.87$776
Jul 201527448.152.95$807
Jun 201527456.152.88$790
May 201518655.212.96$550
Apr 201526649.822.71$720
Mar 201527642.892.93$810
Feb 201524244.662.98$720
Jan 201528143.433.10$871
Dec 201428654.693.59$1,027
Nov 201426470.464.25$1,122
Oct 201428878.303.90$1,123
Sep 201411886.164.05$477
Aug 201419889.394.04$799
Jul 201428196.564.18$1,174
Jun 201426398.164.74$1,246
May 201427394.734.73$1,290
Apr 201427295.944.81$1,308
Mar 201428495.895.06$1,436
Feb 201424697.406.19$1,523
Jan 201428590.404.86$1,385
Dec 201328691.824.35$1,245
Nov 201327688.853.74$1,032
Oct 201328697.423.78$1,081
Sep 2013278104.113.72$1,034
Aug 2013286104.253.52$1,007
Jul 2013288102.523.72$1,071
Jun 201328394.403.93$1,113
May 201325494.834.15$1,054
Apr 201327893.964.28$1,191
Mar 201328893.623.91$1,127
Feb 201326291.233.42$896
Jan 201328991.603.42$988
Dec 201229186.773.42$995
Nov 201228286.953.62$1,022
Oct 201229189.383.40$989
Sep 201228294.672.92$823
Aug 201229392.662.91$852
Jul 201229585.133.02$891
Jun 201228179.822.52$708
May 201227591.612.49$684
Apr 2012285101.652.00$569
Mar 2012294105.052.22$653
Feb 2012279101.102.57$717
Jan 201229498.092.73$804
Dec 201129596.873.24$956
Nov 201128495.723.31$940
Oct 201129584.983.65$1,076
Sep 201129083.623.99$1,156
Aug 201130083.404.15$1,245
Jul 201128194.144.52$1,269
Jun 201128492.904.64$1,318
May 201129598.134.40$1,299
Apr 2011291105.964.33$1,261
Mar 201130196.364.06$1,221
Feb 201127585.644.18$1,149
Jan 201130286.504.59$1,386
Dec 201029785.734.35$1,291
Nov 201028980.843.80$1,097
Oct 201029978.103.51$1,049
Sep 201029572.633.98$1,174
Aug 201030773.684.42$1,357
Jul 201031072.554.74$1,468
Jun 201029470.364.91$1,444
May 201028871.124.24$1,220
Apr 201029981.694.12$1,233
Mar 201030478.394.39$1,334
Feb 201027773.585.44$1,508
Jan 201030774.365.96$1,831
Dec 200930971.445.48$1,694
Nov 200929974.593.75$1,122
Oct 200930972.544.11$1,270
Sep 200929365.543.06$898
Aug 200930267.423.22$972
Jul 200930461.133.46$1,053
Jun 200925066.163.90$974
May 200930154.743.93$1,182
Apr 200922846.773.59$818
Mar 200927242.144.06$1,104
Feb 200925832.814.63$1,195
Jan 200930435.865.37$1,633
Dec 200830637.105.98$1,829
Nov 200829855.496.86$2,044
Oct 200830875.246.92$2,132
Sep 2008301101.767.88$2,371
Aug 2008312114.228.48$2,647
Jul 2008129131.0811.39$1,469
Jun 200885131.3313.03$1,108
May 200890123.1711.57$1,042
Apr 2008133110.3110.45$1,391
Mar 2008328101.909.66$3,170
Feb 200830492.538.77$2,666
Jan 200833190.388.21$2,716
Dec 200732988.337.30$2,402
Nov 200732191.677.29$2,341
Oct 200732382.856.92$2,236
Sep 200730775.846.24$1,917
Aug 200724669.066.39$1,571
Jul 200732670.906.39$2,082
Jun 200731762.007.55$2,393
May 200721358.747.85$1,671
Apr 200710559.617.81$820
Mar 200710956.927.30$796
Feb 200711655.108.22$953
Jan 200713850.306.73$928
Dec 200611756.656.92$809
Nov 200611454.207.62$868
Oct 200612454.906.01$746
Sep 20069660.085.04$484
Aug 200617268.717.34$1,262
Jul 200632569.376.34$2,061
Jun 200631266.286.38$1,992
May 200629866.016.42$1,915
Apr 200631064.397.36$2,282
Mar 200632356.707.08$2,288
Feb 200626357.597.75$2,039
Jan 200628260.598.93$2,519
Dec 200528854.9413.42$3,864
Nov 200526154.6910.59$2,764
Oct 200529258.3413.80$4,028
Sep 200530361.4512.08$3,660
Aug 200532961.519.80$3,223
Jul 200523855.697.84$1,867
Jun 2005052.337.38$0
May 200514345.226.65$951
Apr 200530049.207.36$2,208
Mar 200530850.377.15$2,204
Feb 200527845.226.31$1,755
Jan 200530643.166.32$1,935
Dec 200430939.866.75$2,086
Nov 200429845.286.33$1,886
Oct 200430949.706.52$2,013
Sep 200431043.245.28$1,638
Aug 200433042.375.55$1,832
Jul 200433138.286.08$2,014
Jun 200432336.106.43$2,078
May 200430537.486.49$1,981
Apr 200429334.475.86$1,717
Mar 200430234.365.53$1,670
Feb 200429332.455.51$1,614
Jan 200432632.036.30$2,054
Dec 200331930.266.30$2,010
Nov 200330428.804.60$1,397
Oct 200329128.174.76$1,385
Sep 200330526.314.75$1,449
Aug 200335729.765.13$1,831
Jul 200336029.415.17$1,862
Jun 200335728.565.98$2,136
May 200334826.595.97$2,078
Apr 200324526.675.41$1,325
Mar 200334031.146.10$2,073
Feb 200333033.487.93$2,616
Jan 200334530.315.58$1,926
Dec 200235626.914.85$1,728
Nov 200235624.664.14$1,473
Oct 200236926.464.23$1,561
Sep 200237527.443.64$1,363
Aug 200239525.963.16$1,250
Jul 200240524.583.06$1,240
Jun 200235723.733.34$1,192
May 200239224.663.58$1,405
Apr 200239123.653.51$1,373
Mar 200238622.003.10$1,198
Feb 200237918.222.38$900
Jan 200242217.172.38$1,003
Dec 200145816.932.36$1,083
Nov 200146418.072.41$1,116
Oct 200146419.782.53$1,173
Sep 200143624.262.25$982
Aug 200144124.873.05$1,346
Jul 200139023.933.20$1,247
Jun 200145124.563.82$1,725
May 200149725.524.31$2,141
Apr 200147224.685.34$2,518
Mar 200143524.545.38$2,339
Feb 200146327.755.77$2,670
Jan 200146627.478.40$3,914
Dec 200045026.889.12$4,105
Nov 200040332.215.66$2,280
Oct 200048831.235.15$2,511
Sep 200045531.875.19$2,360
Aug 200047829.644.54$2,170
Jul 200043428.534.09$1,775
Jun 200038829.304.40$1,706
May 200046327.263.68$1,704
Apr 200034024.513.12$1,059
Mar 200043328.422.86$1,238
Feb 200041127.622.73$1,121
Jan 200046125.272.48$1,144
Dec 199944724.282.42$1,083
Nov 199949123.192.43$1,195
Oct 199948720.982.80$1,365
Sep 199950821.752.62$1,330
Aug 199953019.262.88$1,524
Jul 199954317.892.37$1,288
Jun 199946515.942.36$1,098
May 199948615.792.32$1,128
Apr 199938715.102.21$855
Mar 199952812.471.84$971
Feb 19994929.981.82$894
Jan 199946310.381.90$880
Dec 19985159.201.77$913
Nov 199847310.892.19$1,034
Oct 199847412.421.97$933
Sep 199850312.592.08$1,048
Aug 199841711.301.91$795
Jul 199853111.742.24$1,188
Jun 199846411.242.24$1,038
May 199840912.622.21$902
Apr 199844413.042.51$1,112
Mar 199852312.802.31$1,208
Feb 199846513.952.30$1,069
Jan 199852714.702.15$1,136
Dec 199754216.322.41$1,307
Nov 199742518.193.09$1,313
Oct 199748919.253.15$1,540
Sep 199754417.742.95$1,607
Aug 199759617.862.55$1,523
Jul 199757517.582.25$1,292
Jun 199758017.242.26$1,309
May 199758018.972.31$1,339
Apr 199751817.882.08$1,079
Mar 199740418.951.94$783
Feb 199716120.492.21$355
Jan 199752223.483.54$1,848
Dec 199651823.32—$0
Nov 199652821.97—$0
Oct 199660623.31—$0
Sep 199658022.22—$0
Aug 199644420.26—$0
Jul 199653719.55—$0
Jun 199657518.73—$0
May 199660619.43—$0
Apr 199657121.51—$0
Mar 199658419.38—$0
Feb 199653416.98—$0
Jan 199659817.07—$0
Dec 199563817.19—$0
Nov 199564316.00—$0
Oct 199563315.43—$0
Sep 199547416.18—$0
Aug 199535415.92—$0
Jul 199538915.24—$0
Jun 199562516.41—$0
May 199548917.56—$0
Apr 199561217.73—$0
Mar 199549316.44—$0
Feb 199549916.58—$0
Jan 199560115.92—$0
Dec 199461215.03—$0
Nov 199459815.90—$0
Oct 199464215.58—$0
Sep 199460615.29—$0
Aug 199463416.13—$0
Jul 199462117.56—$0
Jun 199449317.09—$0
May 199458215.88—$0
Apr 199458514.14—$0
Mar 199454912.46—$0
Feb 199454112.50—$0
Jan 199460712.66—$0
Dec 199357912.33—$0
Nov 199356014.49—$0
Oct 199353815.85—$0
Sep 199356115.03—$0
Aug 199359115.66—$0
Jul 199362015.46—$0
Jun 199358316.79—$0
May 199357317.68—$0
Apr 199358318.05—$0
Mar 199357218.14—$0
Feb 199355617.90—$0
Jan 199359016.93—$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                  196 Mcf  × $  2.87 =       $562

────────────────────────────────────────────────────
Month total                                     $562

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/43401 is the state's own key, not one this site invented.