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 50738District 10Field 68831200Hydrogen sulphide fieldGasSaveExport
Value, all time
$882 k
Jan 1993 – May 2026
Value, last 12 filed months
$22 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.

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
GasProduction342,476 Mcf$882,287
Total$882,287

132,809 Mcf of this lease's gas, across 46 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 35.5980, -101.7732. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

35.59798, -101.77321 · 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.

1 well

42-3753004649R1,900 ft

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 202652798.932.87$1,512
Mar 202655489.753.15$1,745
Feb 202645563.503.75$1,706
Jan 202651459.138.00$4,111
Dec 202552956.664.41$2,335
Nov 202551458.593.93$2,018
Oct 202554759.383.30$1,808
Sep 202554062.743.08$1,662
Aug 202548163.933.01$1,450
Jul 202555166.743.32$1,827
Jun 202553566.483.13$1,674
May 202556360.553.23$1,820
Apr 202554662.363.54$1,935
Mar 202548967.704.27$2,087
Feb 202537270.884.34$1,615
Jan 20251074.324.28$43
Dec 202451268.993.12$1,598
Nov 202452369.052.20$1,150
Oct 202455271.372.28$1,259
Sep 202453769.612.36$1,270
Aug 202455675.632.06$1,147
Jul 202456879.932.15$1,219
Jun 202455678.082.63$1,464
May 202457878.812.20$1,271
Apr 202454084.451.66$896
Mar 202455780.301.55$861
Feb 202451776.091.78$922
Jan 202452173.023.30$1,718
Dec 202352871.262.61$1,378
Nov 202354577.892.81$1,530
Oct 202356885.443.09$1,754
Sep 202355389.042.74$1,512
Aug 202357980.522.67$1,548
Jul 20231,22874.852.64$3,244
Jun 202356068.962.26$1,265
May 202355170.622.23$1,227
Apr 202357478.122.24$1,284
Mar 202359672.852.39$1,426
Feb 202348375.112.47$1,191
Jan 202357376.533.39$1,941
Dec 202253476.415.73$3,059
Nov 202254285.005.65$3,060
Oct 202259387.185.86$3,477
Sep 202256684.888.16$4,621
Aug 202260494.529.13$5,513
Jul 2022589101.587.54$4,442
Jun 2022589115.097.98$4,699
May 2022610109.378.43$5,144
Apr 2022601104.226.84$4,109
Mar 2022586108.885.08$2,975
Feb 202249591.054.86$2,405
Jan 202257581.844.54$2,609
Dec 202158371.323.90$2,273
Nov 202159877.435.24$3,132
Oct 202162579.795.71$3,571
Sep 202161269.865.35$3,275
Aug 202163866.024.22$2,693
Jul 202164570.783.98$2,568
Jun 202163869.493.38$2,157
May 202173363.483.02$2,212
Apr 202133060.362.76$910
Mar 202118861.302.72$511
Feb 202120457.805.55$1,132
Jan 20211,55650.412.81$4,373
Dec 20201,56944.642.68$4,198
Nov 202046238.772.71$1,250
Oct 202073436.972.48$1,819
Sep 202053937.091.99$1,073
Aug 202051539.982.39$1,228
Jul 202049638.371.83$905
Jun 202052034.901.69$879
May 202051716.921.81$938
Apr 202051314.751.80$926
Mar 202051330.341.86$952
Feb 202051949.881.98$1,028
Jan 202060357.252.09$1,263
Dec 201955459.012.30$1,277
Nov 201951555.302.75$1,417
Oct 201960253.472.42$1,456
Sep 201963555.052.66$1,687
Aug 201964953.112.30$1,496
Jul 201969256.272.46$1,702
Jun 201953652.782.49$1,335
May 201964458.482.74$1,765
Apr 201941762.632.75$1,147
Mar 201968056.803.06$2,082
Feb 201955350.852.79$1,544
Jan 201963846.033.23$2,060
Dec 2018046.594.19$0
Nov 2018052.934.24$0
Oct 201870561.443.40$2,396
Sep 201868859.543.11$2,138
Aug 201871959.403.07$2,205
Jul 201872865.142.93$2,134
Jun 201869560.183.08$2,138
May 201877465.382.90$2,245
Apr 201881663.842.90$2,367
Mar 201817461.222.79$485
Feb 201842661.782.77$1,178
Jan 201826362.874.01$1,054
Dec 201772757.272.92$2,124
Nov 201777155.423.12$2,404
Oct 201745749.292.98$1,364
Sep 201741747.523.09$1,287
Aug 201756245.373.00$1,688
Jul 201723743.873.09$732
Jun 201766942.493.09$2,065
May 201771945.373.26$2,346
Apr 201767847.933.21$2,177
Mar 201773846.772.98$2,202
Feb 201761050.452.95$1,801
Jan 201769449.413.42$2,373
Dec 201672248.763.72$2,688
Nov 201672242.492.64$1,909
Oct 201675446.193.09$2,330
Sep 201660341.553.10$1,870
Aug 201649041.442.92$1,433
Jul 201673341.622.92$2,144
Jun 201671745.352.69$1,926
May 201673142.521.99$1,455
Apr 201672436.561.99$1,442
Mar 201675133.011.79$1,347
Feb 201668026.472.06$1,403
Jan 201673527.352.36$1,738
Dec 201572032.362.00$1,441
Nov 201573738.792.17$1,597
Oct 201577343.552.43$1,876
Sep 201574642.992.76$2,058
Aug 201578540.162.87$2,255
Jul 201578248.152.95$2,303
Jun 201577756.152.88$2,240
May 201567555.212.96$1,995
Apr 201577249.822.71$2,089
Mar 201581542.892.93$2,392
Feb 201562944.662.98$1,872
Jan 201561443.433.10$1,904
Dec 201474754.693.59$2,683
Nov 201475970.464.25$3,227
Oct 201481778.303.90$3,187
Sep 201482486.164.05$3,333
Aug 201448189.394.04$1,941
Jul 201482096.564.18$3,427
Jun 201479298.164.74$3,752
May 201481394.734.73$3,843
Apr 201477995.944.81$3,746
Mar 201481795.895.06$4,131
Feb 201472697.406.19$4,495
Jan 201479790.404.86$3,874
Dec 201376491.824.35$3,327
Nov 201379088.853.74$2,953
Oct 201382797.423.78$3,126
Sep 2013808104.113.72$3,004
Aug 2013845104.253.52$2,977
Jul 2013833102.523.72$3,097
Jun 201384594.403.93$3,324
May 201376494.834.15$3,170
Apr 201383693.964.28$3,580
Mar 201384793.623.91$3,314
Feb 201376291.233.42$2,606
Jan 201381491.603.42$2,784
Dec 201285886.773.42$2,935
Nov 201283486.953.62$3,023
Oct 201287689.383.40$2,978
Sep 201285794.672.92$2,501
Aug 201288092.662.91$2,559
Jul 201289185.133.02$2,692
Jun 201287079.822.52$2,192
May 201275991.612.49$1,889
Apr 2012874101.652.00$1,745
Mar 2012909105.052.22$2,020
Feb 2012858101.102.57$2,205
Jan 201289998.092.73$2,458
Dec 201186796.873.24$2,809
Nov 201188395.723.31$2,924
Oct 201193484.983.65$3,408
Sep 201185683.623.99$3,412
Aug 201195483.404.15$3,958
Jul 201189394.144.52$4,034
Jun 201192592.904.64$4,292
May 201197198.134.40$4,277
Apr 2011931105.964.33$4,034
Mar 201196196.364.06$3,899
Feb 201181685.644.18$3,411
Jan 201195586.504.59$4,382
Dec 201095585.734.35$4,152
Nov 201093280.843.80$3,537
Oct 201099078.103.51$3,474
Sep 201097672.633.98$3,884
Aug 20101,00973.684.42$4,459
Jul 20101,03372.554.74$4,893
Jun 201099570.364.91$4,886
May 201083671.124.24$3,541
Apr 20101,02081.694.12$4,205
Mar 20101,06878.394.39$4,687
Feb 201088173.585.44$4,795
Jan 201099074.365.96$5,904
Dec 20091,03171.445.48$5,654
Nov 20091,01174.593.75$3,793
Oct 20091,06772.544.11$4,386
Sep 20091,05165.543.06$3,221
Aug 20091,09367.423.22$3,518
Jul 20091,08861.133.46$3,769
Jun 20091,06766.163.90$4,156
May 20091,11154.743.93$4,362
Apr 20091,10046.773.59$3,946
Mar 20091,11242.144.06$4,514
Feb 20091,02732.814.63$4,758
Jan 20091,11535.865.37$5,989
Dec 20081,10237.105.98$6,587
Nov 20081,09755.496.86$7,526
Oct 20081,16375.246.92$8,050
Sep 20081,168101.767.88$9,200
Aug 20081,214114.228.48$10,298
Jul 20081,199131.0811.39$13,656
Jun 20081,170131.3313.03$15,248
May 20081,263123.1711.57$14,618
Apr 20081,188110.3110.45$12,420
Mar 20081,200101.909.66$11,597
Feb 20081,20992.538.77$10,604
Jan 20081,26090.388.21$10,339
Dec 200778688.337.30$5,739
Nov 200795091.677.29$6,927
Oct 20071,16882.856.92$8,085
Sep 20071,24875.846.24$7,793
Aug 20071,44069.066.39$9,199
Jul 20071,46570.906.39$9,358
Jun 20071,45962.007.55$11,013
May 20071,53858.747.85$12,068
Apr 20071,53659.617.81$11,989
Mar 20071,59556.927.30$11,647
Feb 20071,47655.108.22$12,127
Jan 20071,82550.306.73$12,277
Dec 20061,75356.656.92$12,128
Nov 20061,87854.207.62$14,306
Oct 20062,15554.906.01$12,960
Sep 20062,46860.085.04$12,432
Aug 2006068.717.34$0
Jul 2006069.376.34$0
Jun 2006066.286.38$0
May 2006066.016.42$0
Apr 2006064.397.36$0
Mar 2006056.707.08$0
Feb 2006057.597.75$0
Jan 2006060.598.93$0
Dec 2005054.9413.42$0
Nov 2005054.6910.59$0
Oct 2005058.3413.80$0
Sep 2005061.4512.08$0
Aug 2005061.519.80$0
Jul 2005055.697.84$0
Jun 2005052.337.38$0
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 2004042.375.55$0
Jul 2004038.286.08$0
Jun 2004036.106.43$0
May 2004037.486.49$0
Apr 2004034.475.86$0
Mar 2004034.365.53$0
Feb 2004032.455.51$0
Jan 2004032.036.30$0
Dec 2003030.266.30$0
Nov 2003028.804.60$0
Oct 2003028.174.76$0
Sep 2003026.314.75$0
Aug 2003029.765.13$0
Jul 2003029.415.17$0
Jun 2003028.565.98$0
May 2003026.595.97$0
Apr 2003026.675.41$0
Mar 2003031.146.10$0
Feb 2003033.487.93$0
Jan 2003030.315.58$0
Dec 2002026.914.85$0
Nov 2002024.664.14$0
Oct 2002026.464.23$0
Sep 2002027.443.64$0
Aug 2002025.963.16$0
Jul 2002024.583.06$0
Jun 2002023.733.34$0
May 2002024.663.58$0
Apr 2002023.653.51$0
Mar 2002022.003.10$0
Feb 2002018.222.38$0
Jan 2002017.172.38$0
Dec 2001016.932.36$0
Nov 2001018.072.41$0
Oct 2001019.782.53$0
Sep 2001024.262.25$0
Aug 2001024.873.05$0
Jul 2001023.933.20$0
Jun 2001024.563.82$0
May 2001025.524.31$0
Apr 2001024.685.34$0
Mar 2001024.545.38$0
Feb 2001027.755.77$0
Jan 2001027.478.40$0
Dec 2000026.889.12$0
Nov 2000032.215.66$0
Oct 2000031.235.15$0
Sep 2000031.875.19$0
Aug 2000029.644.54$0
Jul 2000028.534.09$0
Jun 2000029.304.40$0
May 2000027.263.68$0
Apr 2000024.513.12$0
Mar 2000028.422.86$0
Feb 2000027.622.73$0
Jan 2000025.272.48$0
Dec 1999024.282.42$0
Nov 1999023.192.43$0
Oct 1999020.982.80$0
Sep 1999021.752.62$0
Aug 1999019.262.88$0
Jul 1999017.892.37$0
Jun 1999015.942.36$0
May 1999015.792.32$0
Apr 1999015.102.21$0
Mar 1999012.471.84$0
Feb 199909.981.82$0
Jan 1999010.381.90$0
Dec 199809.201.77$0
Nov 1998010.892.19$0
Oct 1998012.421.97$0
Sep 1998012.592.08$0
Aug 1998011.301.91$0
Jul 1998011.742.24$0
Jun 1998011.242.24$0
May 1998012.622.21$0
Apr 1998013.042.51$0
Mar 1998012.802.31$0
Feb 1998013.952.30$0
Jan 1998014.702.15$0
Dec 199741616.322.41$1,003
Nov 19972,30118.193.09$7,106
Oct 19971,94519.253.15$6,126
Sep 19971,89317.742.95$5,594
Aug 19972,13617.862.55$5,457
Jul 19972,04617.582.25$4,597
Jun 19972,33617.242.26$5,273
May 19972,32418.972.31$5,365
Apr 19972,53117.882.08$5,272
Mar 19972,20118.951.94$4,268
Feb 19972,34220.492.21$5,166
Jan 19972,56223.483.54$9,069
Dec 19962,24923.32$0
Nov 19962,23821.97$0
Oct 19962,39723.31$0
Sep 19966,85622.22$0
Aug 19962,20120.26$0
Jul 199662819.55$0
Jun 1996018.73$0
May 1996019.43$0
Apr 19962,04621.51$0
Mar 19962,50219.38$0
Feb 19961,73916.98$0
Jan 19961,66517.07$0
Dec 19951,93017.19$0
Nov 19951,82016.00$0
Oct 19952,82015.43$0
Sep 19952,24816.18$0
Aug 19952,47015.92$0
Jul 19952,65315.24$0
Jun 19952,57316.41$0
May 19952,55617.56$0
Apr 19952,67117.73$0
Mar 19953,00716.44$0
Feb 19952,83616.58$0
Jan 19952,73815.92$0
Dec 19942,79715.03$0
Nov 19942,53515.90$0
Oct 19942,65315.58$0
Sep 19942,66415.29$0
Aug 19942,69216.13$0
Jul 19942,82217.56$0
Jun 19942,88917.09$0
May 19942,69915.88$0
Apr 19942,46314.14$0
Mar 19942,57412.46$0
Feb 19942,21812.50$0
Jan 19943,19512.66$0
Dec 19933,46612.33$0
Nov 19932,78614.49$0
Oct 19932,94915.85$0
Sep 19932,97515.03$0
Aug 19933,20115.66$0
Jul 19933,20815.46$0
Jun 19934,30416.79$0
May 19934,72017.68$0
Apr 19934,84218.05$0
Mar 19934,85918.14$0
Feb 19934,19117.90$0
Jan 19934,26416.93$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                  527 Mcf  × $  2.87 =     $1,512

────────────────────────────────────────────────────
Month total                                   $1,512

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/50738 is the state's own key, not one this site invented.