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MASTERSON

Operated by BURK ROYALTY CO., LTD. (P-5 108799) in the PANHANDLE, WEST field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 50741District 10Field 68831001NGPA filingGasSaveExport
Value, all time
$4.5 M
Jan 1993 – May 2026
Value, last 12 filed months
$94 k
at the published price for each month
Months reported
401
no gaps in the span
Streams
1
gas

The PANHANDLE, WEST 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 4,532 leases and 4,532 wells, and the rule below applies to all of them.

Discovered
1933-02-08
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 2013-11-12.

The Commission's schedule remark for this field reads: “IS HEREBY SUSPENDED.”

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
GasProduction1,425,577 Mcf$4,535,680
Total$4,535,680

374,730 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 35.5274, -101.8617. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

35.52741, -101.86174 · 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
3,202 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 3,202 ft.

Completions filed
Apr 2003
1 of 1 wells

1 well

42-37530034B 953,202 ftApr 2003——

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 20262,21498.932.87$6,354
Mar 20262,28689.753.15$7,200
Feb 20262,01663.503.75$7,561
Jan 20262,20959.138.00$17,667
Dec 20252,20356.664.41$9,723
Nov 20252,17458.593.93$8,536
Oct 20252,33559.383.30$7,717
Sep 20252,23662.743.08$6,880
Aug 20252,17163.933.01$6,545
Jul 20252,45466.743.32$8,136
Jun 20252,37266.483.13$7,421
May 20252,40560.553.23$7,774
Apr 20252,33362.363.54$8,266
Mar 20251,99467.704.27$8,511
Feb 20252,14870.884.34$9,324
Jan 20252,29774.324.28$9,828
Dec 20242,21268.993.12$6,904
Nov 20242,18769.052.20$4,808
Oct 20242,29371.372.28$5,231
Sep 20242,23469.612.36$5,282
Aug 20242,29175.632.06$4,728
Jul 20242,54379.932.15$5,459
Jun 20242,45678.082.63$6,469
May 20242,48978.812.20$5,472
Apr 20242,33284.451.66$3,869
Mar 20242,39580.301.55$3,701
Feb 20242,21876.091.78$3,956
Jan 20242,29373.023.30$7,562
Dec 20231,93971.262.61$5,062
Nov 20231,90777.892.81$5,354
Oct 20231,96285.443.09$6,057
Sep 20232,00589.042.74$5,484
Aug 20232,11280.522.67$5,645
Jul 20232,75174.852.64$7,268
Jun 20232,56968.962.26$5,802
May 20232,66870.622.23$5,943
Apr 20232,58578.122.24$5,785
Mar 20232,68872.852.39$6,433
Feb 20232,48375.112.47$6,122
Jan 20232,35476.533.39$7,975
Dec 20222,42476.415.73$13,887
Nov 20222,26685.005.65$12,794
Oct 20222,59087.185.86$15,187
Sep 20222,51184.888.16$20,499
Aug 20221,96294.529.13$17,907
Jul 20222,713101.587.54$20,462
Jun 20222,237115.097.98$17,845
May 20222,546109.378.43$21,471
Apr 20222,444104.226.84$16,711
Mar 20222,502108.885.08$12,701
Feb 20222,24391.054.86$10,898
Jan 20222,31081.844.54$10,482
Dec 20212,46371.323.90$9,604
Nov 20212,45277.435.24$12,841
Oct 20212,63279.795.71$15,039
Sep 20212,58469.865.35$13,827
Aug 20212,71566.024.22$11,459
Jul 20212,67470.783.98$10,648
Jun 20212,61269.493.38$8,830
May 20212,72863.483.02$8,232
Apr 20211,39560.362.76$3,848
Mar 20211,43961.302.72$3,910
Feb 20211,03557.805.55$5,742
Jan 20212,43050.412.81$6,829
Dec 20202,38344.642.68$6,376
Nov 20202,28338.772.71$6,179
Oct 20202,38136.972.48$5,901
Sep 20202,42437.091.99$4,826
Aug 20202,24839.982.39$5,362
Jul 20202,50138.371.83$4,565
Jun 20202,44434.901.69$4,131
May 20202,58816.921.81$4,697
Apr 20202,46814.751.80$4,453
Mar 20202,51030.341.86$4,659
Feb 20202,31949.881.98$4,593
Jan 20201,98457.252.09$4,156
Dec 2019059.012.30$0
Nov 20192,37355.302.75$6,527
Oct 20192,52053.472.42$6,095
Sep 20192,47855.052.66$6,585
Aug 2019053.112.30$0
Jul 20192,64056.272.46$6,495
Jun 20192,65252.782.49$6,607
May 20192,79358.482.74$7,654
Apr 20192,74562.632.75$7,551
Mar 20192,31856.803.06$7,098
Feb 2019050.852.79$0
Jan 2019046.033.23$0
Dec 2018046.594.19$0
Nov 2018052.934.24$0
Oct 20182,89361.443.40$9,831
Sep 20182,87059.543.11$8,920
Aug 20183,00059.403.07$9,200
Jul 20183,02865.142.93$8,878
Jun 20183,05160.183.08$9,388
May 20181,65665.382.90$4,804
Apr 20182,75363.842.90$7,986
Mar 201858961.222.79$1,641
Feb 20182,80561.782.77$7,759
Jan 20183,03062.874.01$12,148
Dec 20173,14057.272.92$9,174
Nov 20173,19055.423.12$9,948
Oct 20171,50349.292.98$4,484
Sep 20171,69047.523.09$5,218
Aug 20172,78145.373.00$8,355
Jul 20171,17843.873.09$3,637
Jun 20172,72242.493.09$8,404
May 20173,01345.373.26$9,833
Apr 20172,89447.933.21$9,294
Mar 20172,97446.772.98$8,873
Feb 20172,68350.452.95$7,922
Jan 20173,08949.413.42$10,561
Dec 20162,80448.763.72$10,439
Nov 20162,79142.492.64$7,380
Oct 201659146.193.09$1,826
Sep 201661041.553.10$1,891
Aug 20163,02341.442.92$8,840
Jul 20163,30041.622.92$9,650
Jun 20163,12845.352.69$8,401
May 20162,98742.521.99$5,947
Apr 20163,17136.561.99$6,314
Mar 20163,31233.011.79$5,942
Feb 20163,00726.472.06$6,205
Jan 20163,31827.352.36$7,845
Dec 20153,38732.362.00$6,779
Nov 20153,32638.792.17$7,209
Oct 20153,46443.552.43$8,406
Sep 20153,33142.992.76$9,188
Aug 20153,32740.162.87$9,557
Jul 20153,45448.152.95$10,172
Jun 20153,50556.152.88$10,104
May 20151,80455.212.96$5,332
Apr 20153,42849.822.71$9,278
Mar 20153,47242.892.93$10,189
Feb 20152,64044.662.98$7,857
Jan 20153,24943.433.10$10,074
Dec 20143,53354.693.59$12,688
Nov 20143,59170.464.25$15,268
Oct 20142,49978.303.90$9,749
Sep 20141,26086.164.05$5,097
Aug 20142,13189.394.04$8,599
Jul 20143,63796.564.18$15,201
Jun 20143,57298.164.74$16,920
May 20143,26494.734.73$15,427
Apr 20142,55995.944.81$12,307
Mar 20141,70895.895.06$8,637
Feb 20141,82797.406.19$11,313
Jan 20142,18390.404.86$10,611
Dec 20132,17391.824.35$9,462
Nov 20132,10088.853.74$7,850
Oct 20131,82797.423.78$6,905
Sep 20131,750104.113.72$6,506
Aug 20131,818104.253.52$6,404
Jul 20131,747102.523.72$6,495
Jun 20132,65194.403.93$10,427
May 20132,20094.834.15$9,128
Apr 20132,43393.964.28$10,420
Mar 20132,53093.623.91$9,900
Feb 20132,13691.233.42$7,305
Jan 20132,51091.603.42$8,584
Dec 20122,55986.773.42$8,752
Nov 20122,50786.953.62$9,088
Oct 20122,55989.383.40$8,700
Sep 20122,49594.672.92$7,281
Aug 20122,61592.662.91$7,605
Jul 20122,64085.133.02$7,975
Jun 20122,47179.822.52$6,225
May 20122,37491.612.49$5,907
Apr 20122,520101.652.00$5,032
Mar 20122,618105.052.22$5,817
Feb 20122,457101.102.57$6,315
Jan 20122,57198.092.73$7,029
Dec 20112,52396.873.24$8,174
Nov 20112,56095.723.31$8,477
Oct 20112,67784.983.65$9,767
Sep 20112,63783.623.99$10,511
Aug 20112,76183.404.15$11,456
Jul 20112,45494.144.52$11,085
Jun 20112,69692.904.64$12,509
May 20112,78498.134.40$12,263
Apr 20112,717105.964.33$11,774
Mar 20112,76296.364.06$11,206
Feb 20112,12985.644.18$8,899
Jan 20112,69486.504.59$12,362
Dec 20102,69485.734.35$11,713
Nov 20102,71280.843.80$10,293
Oct 20102,87278.103.51$10,078
Sep 20102,71272.633.98$10,792
Aug 20102,98373.684.42$13,183
Jul 20102,99572.554.74$14,186
Jun 20102,78270.364.91$13,661
May 20102,24971.124.24$9,525
Apr 20102,82181.694.12$11,630
Mar 20102,90278.394.39$12,736
Feb 20102,71373.585.44$14,765
Jan 20102,91474.365.96$17,379
Dec 20092,94671.445.48$16,155
Nov 20092,96374.593.75$11,116
Oct 20092,99072.544.11$12,290
Sep 20093,00565.543.06$9,210
Aug 20093,02667.423.22$9,739
Jul 20093,20561.133.46$11,104
Jun 20092,95266.163.90$11,498
May 20092,93854.743.93$11,534
Apr 20092,96746.773.59$10,644
Mar 20093,14442.144.06$12,762
Feb 20092,79332.814.63$12,940
Jan 20093,18435.865.37$17,101
Dec 20083,18537.105.98$19,037
Nov 20083,10955.496.86$21,329
Oct 20083,28875.246.92$22,759
Sep 20083,062101.767.88$24,120
Aug 20083,315114.228.48$28,121
Jul 20083,352131.0811.39$38,177
Jun 20083,261131.3313.03$42,499
May 20083,216123.1711.57$37,223
Apr 20083,161110.3110.45$33,048
Mar 20083,390101.909.66$32,761
Feb 20083,18292.538.77$27,908
Jan 20083,35990.388.21$27,563
Dec 20073,37888.337.30$24,666
Nov 20073,32991.677.29$24,274
Oct 20073,42782.856.92$23,722
Sep 20073,35975.846.24$20,974
Aug 20073,54469.066.39$22,639
Jul 20073,58070.906.39$22,869
Jun 20073,50262.007.55$26,435
May 20073,47958.747.85$27,297
Apr 20073,44959.617.81$26,920
Mar 20073,59556.927.30$26,251
Feb 20073,19555.108.22$26,250
Jan 20073,48650.306.73$23,450
Dec 20063,31856.656.92$22,955
Nov 20063,63354.207.62$27,674
Oct 20063,77454.906.01$22,696
Sep 20063,63460.085.04$18,305
Aug 20063,83968.717.34$28,178
Jul 20063,94769.376.34$25,035
Jun 20063,80766.286.38$24,303
May 20063,55966.016.42$22,867
Apr 20063,91464.397.36$28,809
Mar 20064,03456.707.08$28,573
Feb 20063,64457.597.75$28,245
Jan 20064,16460.598.93$37,198
Dec 20054,22654.9413.42$56,693
Nov 20054,13854.6910.59$43,815
Oct 20054,37858.3413.80$60,398
Sep 20054,36961.4512.08$52,773
Aug 20054,45161.519.80$43,606
Jul 20053,46955.697.84$27,210
Jun 2005052.337.38$0
May 20052,00345.226.65$13,322
Apr 20054,27949.207.36$31,495
Mar 20054,50950.377.15$32,261
Feb 20053,96645.226.31$25,033
Jan 20054,17243.166.32$26,376
Dec 20044,43439.866.75$29,934
Nov 20044,50445.286.33$28,512
Oct 20044,73049.706.52$30,816
Sep 20044,72243.245.28$24,951
Aug 20045,09042.375.55$28,253
Jul 20045,10238.286.08$31,041
Jun 20045,31136.106.43$34,166
May 20044,63537.486.49$30,102
Apr 20045,25034.475.86$30,757
Mar 20045,42034.365.53$29,973
Feb 20044,11332.455.51$22,661
Jan 20045,01532.036.30$31,593
Dec 20034,90030.266.30$30,878
Nov 20034,92328.804.60$22,622
Oct 20034,99828.174.76$23,789
Sep 20034,67726.314.75$22,213
Aug 20035,22129.765.13$26,782
Jul 20035,04129.415.17$26,066
Jun 20034,29128.565.98$25,673
May 20035,50926.595.97$32,903
Apr 20031,95626.675.41$10,577
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 200236726.464.23$1,552
Sep 20022,28927.443.64$8,321
Aug 20022,36825.963.16$7,493
Jul 20022,50324.583.06$7,664
Jun 20021,84923.733.34$6,172
May 20022,44624.663.58$8,766
Apr 20022,39723.653.51$8,419
Mar 20022,49422.003.10$7,738
Feb 20021,96518.222.38$4,668
Jan 20022,48217.172.38$5,896
Dec 20012,53916.932.36$6,003
Nov 20012,50718.072.41$6,031
Oct 20012,49819.782.53$6,317
Sep 20012,33824.262.25$5,264
Aug 20012,53624.873.05$7,743
Jul 20012,69623.933.20$8,619
Jun 20012,32224.563.82$8,880
May 20012,59025.524.31$11,156
Apr 20012,42324.685.34$12,927
Mar 20012,60424.545.38$14,000
Feb 20012,58027.755.77$14,879
Jan 20012,68627.478.40$22,559
Dec 20002,89926.889.12$26,446
Nov 20002,77832.215.66$15,718
Oct 20002,84131.235.15$14,618
Sep 20002,63831.875.19$13,682
Aug 20003,06429.644.54$13,913
Jul 20002,89528.534.09$11,840
Jun 20002,72929.304.40$12,000
May 20003,13127.263.68$11,521
Apr 20003,01524.513.12$9,395
Mar 20003,40028.422.86$9,723
Feb 20002,82927.622.73$7,713
Jan 20003,07025.272.48$7,615
Dec 19993,19224.282.42$7,737
Nov 19993,46023.192.43$8,422
Oct 19993,06120.982.80$8,582
Sep 19993,42821.752.62$8,977
Aug 19993,60219.262.88$10,358
Jul 19993,77317.892.37$8,951
Jun 19993,78215.942.36$8,933
May 19993,59215.792.32$8,337
Apr 19993,62215.102.21$7,998
Mar 19994,20912.471.84$7,738
Feb 19993,4239.981.82$6,222
Jan 19993,87310.381.90$7,359
Dec 19984,0029.201.77$7,097
Nov 19984,08510.892.19$8,929
Oct 19984,44412.421.97$8,751
Sep 19984,26212.592.08$8,876
Aug 19984,52711.301.91$8,635
Jul 19984,23111.742.24$9,466
Jun 19984,07011.242.24$9,106
May 19984,55212.622.21$10,043
Apr 19984,97013.042.51$12,451
Mar 19985,36712.802.31$12,395
Feb 19985,26113.952.30$12,096
Jan 19985,58314.702.15$12,030
Dec 19976,80616.322.41$16,410
Nov 19976,55718.193.09$20,250
Oct 19977,26219.253.15$22,874
Sep 19977,07317.742.95$20,900
Aug 19977,29017.862.55$18,624
Jul 19976,88617.582.25$15,472
Jun 19975,94917.242.26$13,428
May 19977,11318.972.31$16,420
Apr 19976,92517.882.08$14,423
Mar 19977,18318.951.94$13,929
Feb 19976,73120.492.21$14,848
Jan 19978,04723.483.54$28,484
Dec 19968,35023.32—$0
Nov 19967,09421.97—$0
Oct 19968,65123.31—$0
Sep 19967,32822.22—$0
Aug 19968,01820.26—$0
Jul 19967,47819.55—$0
Jun 19967,03218.73—$0
May 19967,88619.43—$0
Apr 19967,85421.51—$0
Mar 19968,18219.38—$0
Feb 19967,68316.98—$0
Jan 19968,20217.07—$0
Dec 19958,49617.19—$0
Nov 19958,07516.00—$0
Oct 19958,59115.43—$0
Sep 19958,48416.18—$0
Aug 19958,96115.92—$0
Jul 19958,59215.24—$0
Jun 19959,20016.41—$0
May 19954,50717.56—$0
Apr 19956,75617.73—$0
Mar 19957,50216.44—$0
Feb 19956,70716.58—$0
Jan 19957,14915.92—$0
Dec 19947,07115.03—$0
Nov 19947,01315.90—$0
Oct 19947,88315.58—$0
Sep 19947,61715.29—$0
Aug 19947,63616.13—$0
Jul 19948,50017.56—$0
Jun 19948,12417.09—$0
May 19947,31615.88—$0
Apr 19946,97514.14—$0
Mar 19947,55312.46—$0
Feb 19947,72812.50—$0
Jan 19948,82012.66—$0
Dec 19939,06812.33—$0
Nov 19937,91014.49—$0
Oct 19937,50015.85—$0
Sep 19938,76015.03—$0
Aug 19938,70515.66—$0
Jul 19939,71315.46—$0
Jun 19935,92116.79—$0
May 19936,83317.68—$0
Apr 19939,26118.05—$0
Mar 19938,24318.14—$0
Feb 19936,70017.90—$0
Jan 19937,10216.93—$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                2,214 Mcf  × $  2.87 =     $6,354

────────────────────────────────────────────────────
Month total                                   $6,354

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/50741 is the state's own key, not one this site invented.