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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 50736District 10Field 68831200Hydrogen sulphide fieldNGPA filingGasSaveExport
Value, all time
$526 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
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
GasProduction160,932 Mcf$525,658
Total$525,658

39,550 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 35.6097, -101.8328. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

35.60969, -101.83281 · 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
1,955 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 1,955 ft.

Completions filed
May 1971
1 of 1 wells

1 well

42-3753004547R1,955 ftMay 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 202618398.932.87$525
Mar 202618589.753.15$583
Feb 202615963.503.75$596
Jan 202617559.138.00$1,400
Dec 202517956.664.41$790
Nov 202517658.593.93$691
Oct 202518859.383.30$621
Sep 202518762.743.08$575
Aug 202517763.933.01$534
Jul 202519766.743.32$653
Jun 202519066.483.13$594
May 202519360.553.23$624
Apr 202518562.363.54$655
Mar 202517467.704.27$743
Feb 202515970.884.34$690
Jan 202517874.324.28$762
Dec 202418268.993.12$568
Nov 202417969.052.20$394
Oct 202418971.372.28$431
Sep 202418369.612.36$433
Aug 202419575.632.06$402
Jul 202419279.932.15$412
Jun 202419178.082.63$503
May 202419978.812.20$437
Apr 202418784.451.66$310
Mar 202418680.301.55$287
Feb 202417476.091.78$310
Jan 202417873.023.30$587
Dec 202319171.262.61$499
Nov 202319277.892.81$539
Oct 202320485.443.09$630
Sep 202320289.042.74$552
Aug 202321480.522.67$572
Jul 202322974.852.64$605
Jun 202320568.962.26$463
May 202321170.622.23$470
Apr 202319978.122.24$445
Mar 202317572.852.39$419
Feb 202315375.112.47$377
Jan 202316976.533.39$573
Dec 202217476.415.73$997
Nov 202216085.005.65$903
Oct 202216187.185.86$944
Sep 202216184.888.16$1,314
Aug 202218394.529.13$1,670
Jul 2022175101.587.54$1,320
Jun 2022108115.097.98$862
May 2022167109.378.43$1,408
Apr 2022161104.226.84$1,101
Mar 2022165108.885.08$838
Feb 202214791.054.86$714
Jan 202220081.844.54$908
Dec 202119271.323.90$749
Nov 202119077.435.24$995
Oct 202119579.795.71$1,114
Sep 202119969.865.35$1,065
Aug 202121066.024.22$886
Jul 202121270.783.98$844
Jun 202120969.493.38$707
May 202122163.483.02$667
Apr 202116760.362.76$461
Mar 202125661.302.72$696
Feb 20218557.805.55$472
Jan 202119250.412.81$540
Dec 202019644.642.68$524
Nov 202019938.772.71$539
Oct 202018236.972.48$451
Sep 202020937.091.99$416
Aug 202022139.982.39$527
Jul 202022138.371.83$403
Jun 202021534.901.69$363
May 202021816.921.81$396
Apr 202020714.751.80$374
Mar 202020730.341.86$384
Feb 202019249.881.98$380
Jan 202020457.252.09$427
Dec 201920659.012.30$475
Nov 201920355.302.75$558
Oct 201921353.472.42$515
Sep 201921255.052.66$563
Aug 201922053.112.30$507
Jul 201922756.272.46$558
Jun 201922652.782.49$563
May 201924558.482.74$671
Apr 201916062.632.75$440
Mar 201921856.803.06$668
Feb 201920050.852.79$558
Jan 201920446.033.23$659
Dec 2018046.594.19$0
Nov 2018052.934.24$0
Oct 201821561.443.40$731
Sep 201820859.543.11$646
Aug 201822159.403.07$678
Jul 201822665.142.93$663
Jun 201822060.183.08$677
May 201823165.382.90$670
Apr 201824463.842.90$708
Mar 201812961.222.79$360
Feb 201820161.782.77$556
Jan 201823062.874.01$922
Dec 201722957.272.92$669
Nov 201725055.423.12$780
Oct 201717749.292.98$528
Sep 201713547.523.09$417
Aug 201721745.373.00$652
Jul 20176943.873.09$213
Jun 201722142.493.09$682
May 201723245.373.26$757
Apr 201721947.933.21$703
Mar 201723046.772.98$686
Feb 201720450.452.95$602
Jan 201722549.413.42$769
Dec 201622748.763.72$845
Nov 201623342.492.64$616
Oct 201626046.193.09$803
Sep 201622941.553.10$710
Aug 201618841.442.92$550
Jul 201625141.622.92$734
Jun 201624545.352.69$658
May 201625442.521.99$506
Apr 201624336.561.99$484
Mar 201625033.011.79$449
Feb 201622826.472.06$471
Jan 201625027.352.36$591
Dec 201524732.362.00$494
Nov 201524638.792.17$533
Oct 201526343.552.43$638
Sep 201525942.992.76$714
Aug 201527140.162.87$778
Jul 201527648.152.95$813
Jun 201527456.152.88$790
May 201525355.212.96$748
Apr 201526549.822.71$717
Mar 201526042.892.93$763
Feb 201516644.662.98$494
Jan 201527443.433.10$850
Dec 201428654.693.59$1,027
Nov 201423770.464.25$1,008
Oct 201428878.303.90$1,123
Sep 20149786.164.05$392
Aug 201416589.394.04$666
Jul 201430196.564.18$1,258
Jun 201423298.164.74$1,099
May 201427794.734.73$1,309
Apr 201426995.944.81$1,294
Mar 201427195.895.06$1,370
Feb 201423497.406.19$1,449
Jan 201426690.404.86$1,293
Dec 201325991.824.35$1,128
Nov 201326188.853.74$976
Oct 201327997.423.78$1,054
Sep 2013272104.113.72$1,011
Aug 2013277104.253.52$976
Jul 2013291102.523.72$1,082
Jun 201328994.403.93$1,137
May 201327694.834.15$1,145
Apr 201327993.964.28$1,195
Mar 201328793.623.91$1,123
Feb 201325891.233.42$882
Jan 201327991.603.42$954
Dec 201229786.773.42$1,016
Nov 201229586.953.62$1,069
Oct 201230289.383.40$1,027
Sep 201229994.672.92$873
Aug 201231492.662.91$913
Jul 201231785.133.02$958
Jun 201231579.822.52$794
May 201228091.612.49$697
Apr 2012294101.652.00$587
Mar 2012311105.052.22$691
Feb 2012289101.102.57$743
Jan 201230898.092.73$842
Dec 201130496.873.24$985
Nov 201130595.723.31$1,010
Oct 201130384.983.65$1,106
Sep 201130583.623.99$1,216
Aug 201134983.404.15$1,448
Jul 201132094.144.52$1,446
Jun 201133392.904.64$1,545
May 201134798.134.40$1,528
Apr 2011307105.964.33$1,330
Mar 201132696.364.06$1,323
Feb 201129185.644.18$1,216
Jan 201131886.504.59$1,459
Dec 201032485.734.35$1,409
Nov 201032280.843.80$1,222
Oct 201034278.103.51$1,200
Sep 201033372.633.98$1,325
Aug 201034773.684.42$1,534
Jul 201036172.554.74$1,710
Jun 201031070.364.91$1,522
May 201030671.124.24$1,296
Apr 201034281.694.12$1,410
Mar 201030378.394.39$1,330
Feb 201029373.585.44$1,595
Jan 201032074.365.96$1,909
Dec 200933371.445.48$1,826
Nov 200933874.593.75$1,268
Oct 200936272.544.11$1,488
Sep 200934465.543.06$1,054
Aug 200937067.423.22$1,191
Jul 200941861.133.46$1,448
Jun 200922166.163.90$861
May 200935954.743.93$1,409
Apr 200934946.773.59$1,252
Mar 200935942.144.06$1,457
Feb 200932332.814.63$1,496
Jan 200936135.865.37$1,939
Dec 200836837.105.98$2,200
Nov 200836255.496.86$2,483
Oct 200837975.246.92$2,623
Sep 2008373101.767.88$2,938
Aug 2008393114.228.48$3,334
Jul 2008353131.0811.39$4,020
Jun 2008363131.3313.03$4,731
May 2008379123.1711.57$4,387
Apr 2008371110.3110.45$3,879
Mar 2008382101.909.66$3,692
Feb 200835892.538.77$3,140
Jan 200838790.388.21$3,176
Dec 200738188.337.30$2,782
Nov 200737691.677.29$2,742
Oct 200739882.856.92$2,755
Sep 200739075.846.24$2,435
Aug 200740569.066.39$2,587
Jul 200740870.906.39$2,606
Jun 200739862.007.55$3,004
May 200740458.747.85$3,170
Apr 200739259.617.81$3,060
Mar 200741556.927.30$3,030
Feb 200736155.108.22$2,966
Jan 200742350.306.73$2,845
Dec 200639056.656.92$2,698
Nov 200639954.207.62$3,039
Oct 200640254.906.01$2,418
Sep 200639560.085.04$1,990
Aug 200641968.717.34$3,075
Jul 200643269.376.34$2,740
Jun 200642666.286.38$2,720
May 200642866.016.42$2,750
Apr 200641764.397.36$3,069
Mar 200642956.707.08$3,039
Feb 200638557.597.75$2,984
Jan 200644460.598.93$3,966
Dec 200541154.9413.42$5,514
Nov 200542354.6910.59$4,479
Oct 200544858.3413.80$6,181
Sep 200543461.4512.08$5,242
Aug 200545461.519.80$4,448
Jul 200546655.697.84$3,655
Jun 200551852.337.38$3,823
May 200531345.226.65$2,082
Apr 200544149.207.36$3,246
Mar 200545650.377.15$3,263
Feb 200541345.226.31$2,607
Jan 200544243.166.32$2,794
Dec 200444539.866.75$3,004
Nov 200445045.286.33$2,849
Oct 200447749.706.52$3,108
Sep 200446143.245.28$2,436
Aug 200448842.375.55$2,709
Jul 200449538.286.08$3,012
Jun 200447336.106.43$3,043
May 200445837.486.49$2,975
Apr 200447034.475.86$2,753
Mar 200449134.365.53$2,715
Feb 200445532.455.51$2,507
Jan 200448332.036.30$3,043
Dec 200346730.266.30$2,943
Nov 200346628.804.60$2,141
Oct 200349028.174.76$2,332
Sep 200348126.314.75$2,284
Aug 200350929.765.13$2,611
Jul 200350629.415.17$2,616
Jun 200347128.565.98$2,818
May 200352126.595.97$3,112
Apr 200348526.675.41$2,623
Mar 200349431.146.10$3,011
Feb 200344933.487.93$3,559
Jan 200350530.315.58$2,819
Dec 200246226.914.85$2,242
Nov 200251624.664.14$2,135
Oct 200252626.464.23$2,225
Sep 200249727.443.64$1,807
Aug 200249325.963.16$1,560
Jul 200251024.583.06$1,562
Jun 200248123.733.34$1,606
May 200253124.663.58$1,903
Apr 200253023.653.51$1,862
Mar 200254022.003.10$1,675
Feb 200250818.222.38$1,207
Jan 200252717.172.38$1,252
Dec 200155616.932.36$1,315
Nov 200141118.072.41$989
Oct 200151919.782.53$1,312
Sep 200148824.262.25$1,099
Aug 200156624.873.05$1,728
Jul 200154823.933.20$1,752
Jun 200155724.563.82$2,130
May 200150425.524.31$2,171
Apr 200157424.685.34$3,062
Mar 200159024.545.38$3,172
Feb 200152527.755.77$3,028
Jan 200159127.478.40$4,964
Dec 200056826.889.12$5,182
Nov 200057032.215.66$3,225
Oct 200063531.235.15$3,267
Sep 200049231.875.19$2,552
Aug 200062129.644.54$2,820
Jul 200067128.534.09$2,744
Jun 200047929.304.40$2,106
May 200054027.263.68$1,987
Apr 200045724.513.12$1,424
Mar 200051528.422.86$1,473
Feb 200054527.622.73$1,486
Jan 200063025.272.48$1,563
Dec 199953324.282.42$1,292
Nov 199955923.192.43$1,361
Oct 199954220.982.80$1,520
Sep 199957521.752.62$1,506
Aug 199962719.262.88$1,803
Jul 199961717.892.37$1,464
Jun 199957815.942.36$1,365
May 199958015.792.32$1,346
Apr 199956615.102.21$1,250
Mar 199962312.471.84$1,145
Feb 19995729.981.82$1,040
Jan 199958110.381.90$1,104
Dec 19986239.201.77$1,105
Nov 199859310.892.19$1,296
Oct 199859712.421.97$1,176
Sep 199856912.592.08$1,185
Aug 199868711.301.91$1,310
Jul 199866111.742.24$1,479
Jun 199860811.242.24$1,360
May 199863512.622.21$1,401
Apr 199857713.042.51$1,446
Mar 199865712.802.31$1,517
Feb 199863513.952.30$1,460
Jan 199851514.702.15$1,110
Dec 199769216.322.41$1,668
Nov 199762918.193.09$1,943
Oct 199766619.253.15$2,098
Sep 199766617.742.95$1,968
Aug 199772917.862.55$1,862
Jul 199769017.582.25$1,550
Jun 199771717.242.26$1,618
May 199757918.972.31$1,337
Apr 199760917.882.08$1,268
Mar 199770618.951.94$1,369
Feb 199762720.492.21$1,383
Jan 199769223.483.54$2,449
Dec 199673423.32—$0
Nov 199670121.97—$0
Oct 199675723.31—$0
Sep 199671822.22—$0
Aug 199672820.26—$0
Jul 199678519.55—$0
Jun 199671218.73—$0
May 199675419.43—$0
Apr 199671621.51—$0
Mar 199672919.38—$0
Feb 199669716.98—$0
Jan 199673317.07—$0
Dec 199575117.19—$0
Nov 199574916.00—$0
Oct 199580215.43—$0
Sep 199577616.18—$0
Aug 199585115.92—$0
Jul 199578015.24—$0
Jun 199580416.41—$0
May 199585717.56—$0
Apr 199584617.73—$0
Mar 199568116.44—$0
Feb 199571116.58—$0
Jan 199580615.92—$0
Dec 199481215.03—$0
Nov 199482015.90—$0
Oct 199482415.58—$0
Sep 199484515.29—$0
Aug 199488716.13—$0
Jul 199492417.56—$0
Jun 199489717.09—$0
May 199481415.88—$0
Apr 199492914.14—$0
Mar 199485012.46—$0
Feb 199483712.50—$0
Jan 199495112.66—$0
Dec 199392012.33—$0
Nov 199392414.49—$0
Oct 199385515.85—$0
Sep 199386315.03—$0
Aug 199397315.66—$0
Jul 19931,11515.46—$0
Jun 199365516.79—$0
May 199395017.68—$0
Apr 199397718.05—$0
Mar 199386318.14—$0
Feb 199385117.90—$0
Jan 19931,03616.93—$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                  183 Mcf  × $  2.87 =       $525

────────────────────────────────────────────────────
Month total                                     $525

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/50736 is the state's own key, not one this site invented.