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 50734District 10Field 68831200Hydrogen sulphide fieldNGPA filingGasSaveExport
Value, all time
$918 k
Jan 1993 – May 2026
Value, last 12 filed months
$18 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
GasProduction270,921 Mcf$917,959
Total$917,959

56,148 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 35.5074, -101.7950. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

35.50745, -101.79497 · 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
1,667 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 1,667 ft.

Completions filed
Apr 1971
1 of 1 wells

1 well

42-3753003744R1,667 ftApr 1971

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 202641698.932.87$1,194
Mar 202642989.753.15$1,351
Feb 202637463.503.75$1,403
Jan 202644559.138.00$3,559
Dec 202542556.664.41$1,876
Nov 202542158.593.93$1,653
Oct 202544659.383.30$1,474
Sep 202543962.743.08$1,351
Aug 202542263.933.01$1,272
Jul 202544366.743.32$1,469
Jun 202541966.483.13$1,311
May 202543360.553.23$1,400
Apr 202542762.363.54$1,513
Mar 202544767.704.27$1,908
Feb 202538970.884.34$1,689
Jan 202541874.324.28$1,788
Dec 202442368.993.12$1,320
Nov 202440369.052.20$886
Oct 202442571.372.28$970
Sep 202440969.612.36$967
Aug 202442275.632.06$871
Jul 202443379.932.15$929
Jun 202442278.082.63$1,112
May 202444278.812.20$972
Apr 202442184.451.66$699
Mar 202442980.301.55$663
Feb 202439976.091.78$712
Jan 202443573.023.30$1,434
Dec 202344371.262.61$1,157
Nov 202342977.892.81$1,204
Oct 202344885.443.09$1,383
Sep 202343389.042.74$1,184
Aug 202345680.522.67$1,219
Jul 202338874.852.64$1,025
Jun 202344568.962.26$1,005
May 202346370.622.23$1,031
Apr 202343478.122.24$971
Mar 202345272.852.39$1,082
Feb 202341275.112.47$1,016
Jan 202345176.533.39$1,528
Dec 202245476.415.73$2,601
Nov 202243785.005.65$2,467
Oct 202245487.185.86$2,662
Sep 202245284.888.16$3,690
Aug 202245794.529.13$4,171
Jul 2022466101.587.54$3,515
Jun 2022426115.097.98$3,398
May 2022454109.378.43$3,829
Apr 2022435104.226.84$2,974
Mar 2022444108.885.08$2,254
Feb 202240891.054.86$1,982
Jan 202245081.844.54$2,042
Dec 202145671.323.90$1,778
Nov 202145077.435.24$2,357
Oct 202146879.795.71$2,674
Sep 202145169.865.35$2,413
Aug 202147566.024.22$2,005
Jul 202147470.783.98$1,888
Jun 202147669.493.38$1,609
May 202152663.483.02$1,587
Apr 202131460.362.76$866
Mar 202154261.302.72$1,473
Feb 202120857.805.55$1,154
Jan 202145250.412.81$1,270
Dec 202044844.642.68$1,199
Nov 202047138.772.71$1,275
Oct 202041536.972.48$1,029
Sep 202044637.091.99$888
Aug 202045639.982.39$1,088
Jul 202045638.371.83$832
Jun 202043634.901.69$737
May 202047316.921.81$858
Apr 202046314.751.80$835
Mar 202052530.341.86$975
Feb 202038549.881.98$763
Jan 202048957.252.09$1,024
Dec 201948159.012.30$1,108
Nov 201947755.302.75$1,312
Oct 201945053.472.42$1,088
Sep 201943755.052.66$1,161
Aug 201950853.112.30$1,171
Jul 201948156.272.46$1,183
Jun 201946052.782.49$1,146
May 201949358.482.74$1,351
Apr 201950062.632.75$1,375
Mar 201947956.803.06$1,467
Feb 201943650.852.79$1,217
Jan 201951646.033.23$1,666
Dec 2018046.594.19$0
Nov 2018052.934.24$0
Oct 201852961.443.40$1,798
Sep 201853659.543.11$1,666
Aug 201857659.403.07$1,766
Jul 201861065.142.93$1,788
Jun 201867460.183.08$2,074
May 201837865.382.90$1,097
Apr 201872163.842.90$2,091
Mar 201817261.222.79$479
Feb 201835661.782.77$985
Jan 201812962.874.01$517
Dec 201748157.272.92$1,405
Nov 201763555.423.12$1,980
Oct 201743549.292.98$1,298
Sep 201734647.523.09$1,068
Aug 201744345.373.00$1,331
Jul 201731543.873.09$972
Jun 201750242.493.09$1,550
May 201753545.373.26$1,746
Apr 201753547.933.21$1,718
Mar 201754746.772.98$1,632
Feb 201749750.452.95$1,467
Jan 201761949.413.42$2,116
Dec 201656648.763.72$2,107
Nov 201671642.492.64$1,893
Oct 201636446.193.09$1,125
Sep 2016041.553.10$0
Aug 201647641.442.92$1,392
Jul 201652241.622.92$1,527
Jun 201650845.352.69$1,364
May 201654342.521.99$1,081
Apr 201652636.561.99$1,047
Mar 201656433.011.79$1,012
Feb 201648026.472.06$991
Jan 201654927.352.36$1,298
Dec 201555332.362.00$1,107
Nov 201555938.792.17$1,212
Oct 201557543.552.43$1,395
Sep 201558342.992.76$1,608
Aug 201559940.162.87$1,721
Jul 201557148.152.95$1,682
Jun 201566256.152.88$1,908
May 201534255.212.96$1,011
Apr 201555949.822.71$1,513
Mar 201558942.892.93$1,729
Feb 201547544.662.98$1,414
Jan 201558543.433.10$1,814
Dec 201462654.693.59$2,248
Nov 201455370.464.25$2,351
Oct 201453378.303.90$2,079
Sep 201428386.164.05$1,145
Aug 201441489.394.04$1,671
Jul 201452796.564.18$2,203
Jun 201449598.164.74$2,345
May 201449494.734.73$2,335
Apr 201455095.944.81$2,645
Mar 201458695.895.06$2,963
Feb 201443897.406.19$2,712
Jan 201456690.404.86$2,751
Dec 201357291.824.35$2,491
Nov 201355688.853.74$2,078
Oct 201359297.423.78$2,237
Sep 2013606104.113.72$2,253
Aug 2013634104.253.52$2,233
Jul 2013626102.523.72$2,327
Jun 201366794.403.93$2,624
May 201345194.834.15$1,871
Apr 201359593.964.28$2,548
Mar 201362493.623.91$2,442
Feb 201355791.233.42$1,905
Jan 201361691.603.42$2,107
Dec 201263486.773.42$2,168
Nov 201261486.953.62$2,226
Oct 201264389.383.40$2,186
Sep 201263594.672.92$1,853
Aug 201267492.662.91$1,960
Jul 201269085.133.02$2,084
Jun 201263879.822.52$1,607
May 201264591.612.49$1,605
Apr 2012652101.652.00$1,302
Mar 2012674105.052.22$1,498
Feb 2012632101.102.57$1,624
Jan 201264798.092.73$1,769
Dec 201164796.873.24$2,096
Nov 201162795.723.31$2,076
Oct 201167084.983.65$2,445
Sep 201166783.623.99$2,659
Aug 201169283.404.15$2,871
Jul 201165794.144.52$2,968
Jun 201166492.904.64$3,081
May 201169498.134.40$3,057
Apr 2011658105.964.33$2,851
Mar 201167496.364.06$2,735
Feb 201159585.644.18$2,487
Jan 201168486.504.59$3,139
Dec 201071085.734.35$3,087
Nov 201070180.843.80$2,661
Oct 201072778.103.51$2,551
Sep 201070572.633.98$2,806
Aug 201074873.684.42$3,306
Jul 201076072.554.74$3,600
Jun 201071570.364.91$3,511
May 201067271.124.24$2,846
Apr 201072381.694.12$2,981
Mar 201071978.394.39$3,155
Feb 201066773.585.44$3,630
Jan 201074074.365.96$4,413
Dec 200974971.445.48$4,107
Nov 200975474.593.75$2,829
Oct 200977872.544.11$3,198
Sep 200976665.543.06$2,348
Aug 200981167.423.22$2,610
Jul 200977361.133.46$2,678
Jun 200940066.163.90$1,558
May 200950454.743.93$1,979
Apr 200982046.773.59$2,942
Mar 200984642.144.06$3,434
Feb 200979232.814.63$3,669
Jan 200990335.865.37$4,850
Dec 200890537.105.98$5,409
Nov 200892055.496.86$6,312
Oct 200899275.246.92$6,867
Sep 20081,053101.767.88$8,295
Aug 20081,169114.228.48$9,917
Jul 20081,368131.0811.39$15,581
Jun 2008496131.3313.03$6,464
May 2008471123.1711.57$5,451
Apr 2008581110.3110.45$6,074
Mar 2008627101.909.66$6,059
Feb 200854992.538.77$4,815
Jan 200862090.388.21$5,088
Dec 200762088.337.30$4,527
Nov 200760891.677.29$4,433
Oct 200761382.856.92$4,243
Sep 200756775.846.24$3,540
Aug 200757469.066.39$3,667
Jul 200762970.906.39$4,018
Jun 200761762.007.55$4,657
May 200758258.747.85$4,567
Apr 200760359.617.81$4,707
Mar 200760656.927.30$4,425
Feb 200757055.108.22$4,683
Jan 200763650.306.73$4,278
Dec 200657156.656.92$3,950
Nov 200659854.207.62$4,555
Oct 200670554.906.01$4,240
Sep 200657960.085.04$2,917
Aug 200660968.717.34$4,470
Jul 200666669.376.34$4,224
Jun 200664966.286.38$4,143
May 200663666.016.42$4,086
Apr 200668464.397.36$5,035
Mar 200671856.707.08$5,086
Feb 200663257.597.75$4,899
Jan 200672960.598.93$6,512
Dec 200570554.9413.42$9,458
Nov 200528554.6910.59$3,018
Oct 200570958.3413.80$9,781
Sep 200573961.4512.08$8,926
Aug 200583661.519.80$8,190
Jul 200566755.697.84$5,232
Jun 2005052.337.38$0
May 200531745.226.65$2,108
Apr 200567649.207.36$4,976
Mar 200569750.377.15$4,987
Feb 200563845.226.31$4,027
Jan 200569143.166.32$4,369
Dec 200469239.866.75$4,672
Nov 200467145.286.33$4,248
Oct 200470149.706.52$4,567
Sep 200466843.245.28$3,530
Aug 200471842.375.55$3,985
Jul 200471338.286.08$4,338
Jun 200469436.106.43$4,465
May 200468637.486.49$4,455
Apr 200465234.475.86$3,820
Mar 200469234.365.53$3,827
Feb 200465732.455.51$3,620
Jan 200471932.036.30$4,529
Dec 200372330.266.30$4,556
Nov 200371028.804.60$3,263
Oct 200375228.174.76$3,579
Sep 200368026.314.75$3,230
Aug 200372229.765.13$3,704
Jul 200375229.415.17$3,888
Jun 200375328.565.98$4,505
May 200373226.595.97$4,372
Apr 200358226.675.41$3,147
Mar 200369531.146.10$4,237
Feb 200369933.487.93$5,540
Jan 200368430.315.58$3,818
Dec 200270626.914.85$3,427
Nov 200271124.664.14$2,941
Oct 200277826.464.23$3,290
Sep 200274027.443.64$2,690
Aug 200277925.963.16$2,465
Jul 200281124.583.06$2,483
Jun 200278523.733.34$2,621
May 200281424.663.58$2,917
Apr 200271123.653.51$2,497
Mar 200256822.003.10$1,762
Feb 200258518.222.38$1,390
Jan 200259217.172.38$1,406
Dec 200172816.932.36$1,721
Nov 200177418.072.41$1,862
Oct 200181619.782.53$2,064
Sep 200178124.262.25$1,758
Aug 200179924.873.05$2,439
Jul 200174123.933.20$2,369
Jun 200189924.563.82$3,438
May 200186925.524.31$3,743
Apr 200165624.685.34$3,500
Mar 200160424.545.38$3,247
Feb 200151727.755.77$2,982
Jan 200159027.478.40$4,955
Dec 200067626.889.12$6,167
Nov 200078132.215.66$4,419
Oct 200085831.235.15$4,415
Sep 200082331.875.19$4,268
Aug 200092329.644.54$4,191
Jul 200086328.534.09$3,529
Jun 200064329.304.40$2,827
May 200089027.263.68$3,275
Apr 200068024.513.12$2,119
Mar 200083328.422.86$2,382
Feb 200066027.622.73$1,799
Jan 200066725.272.48$1,654
Dec 199979524.282.42$1,927
Nov 199988723.192.43$2,159
Oct 199980720.982.80$2,263
Sep 199984921.752.62$2,223
Aug 199989319.262.88$2,568
Jul 199991017.892.37$2,159
Jun 199990115.942.36$2,128
May 199972415.792.32$1,680
Apr 199966715.102.21$1,473
Mar 199990112.471.84$1,656
Feb 19998509.981.82$1,545
Jan 199985410.381.90$1,623
Dec 19989399.201.77$1,665
Nov 199896910.892.19$2,118
Oct 199880912.421.97$1,593
Sep 199892312.592.08$1,922
Aug 199865811.301.91$1,255
Jul 199885811.742.24$1,920
Jun 199877911.242.24$1,743
May 199869412.622.21$1,531
Apr 199885313.042.51$2,137
Mar 199893712.802.31$2,164
Feb 199882113.952.30$1,888
Jan 199895314.702.15$2,054
Dec 199791616.322.41$2,209
Nov 199767518.193.09$2,085
Oct 199785819.253.15$2,703
Sep 199789717.742.95$2,651
Aug 19971,00817.862.55$2,575
Jul 199799017.582.25$2,224
Jun 19971,01817.242.26$2,298
May 199792318.972.31$2,131
Apr 199788117.882.08$1,835
Mar 199799418.951.94$1,928
Feb 199798120.492.21$2,164
Jan 199798323.483.54$3,480
Dec 199695323.32$0
Nov 199688521.97$0
Oct 19961,06923.31$0
Sep 19961,04122.22$0
Aug 199688620.26$0
Jul 199697319.55$0
Jun 19961,00818.73$0
May 19961,07419.43$0
Apr 19961,03821.51$0
Mar 19961,10819.38$0
Feb 19961,09816.98$0
Jan 19961,05617.07$0
Dec 199596817.19$0
Nov 19951,13116.00$0
Oct 19951,20215.43$0
Sep 19951,17116.18$0
Aug 19951,25415.92$0
Jul 19951,15515.24$0
Jun 19951,33916.41$0
May 199580317.56$0
Apr 19951,33017.73$0
Mar 199599516.44$0
Feb 199595516.58$0
Jan 19951,14615.92$0
Dec 19941,21015.03$0
Nov 19941,22015.90$0
Oct 19941,32215.58$0
Sep 19941,24315.29$0
Aug 19941,25516.13$0
Jul 19941,26917.56$0
Jun 19941,16017.09$0
May 19941,12915.88$0
Apr 19941,22314.14$0
Mar 19941,20312.46$0
Feb 19941,19412.50$0
Jan 19941,26412.66$0
Dec 19931,26212.33$0
Nov 19931,25314.49$0
Oct 19931,15315.85$0
Sep 19931,26815.03$0
Aug 19931,34115.66$0
Jul 19931,41115.46$0
Jun 19931,33116.79$0
May 19931,28217.68$0
Apr 19931,39318.05$0
Mar 19931,33218.14$0
Feb 19931,33717.90$0
Jan 19931,45516.93$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                  416 Mcf  × $  2.87 =     $1,194

────────────────────────────────────────────────────
Month total                                   $1,194

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/50734 is the state's own key, not one this site invented.