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 50782District 10Field 68831200Hydrogen sulphide fieldNGPA filingGasSaveExport
Value, all time
$709 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 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
GasProduction218,473 Mcf$708,632
Total$708,632

55,195 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 35.6332, -101.8410. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

35.63317, -101.84100 · 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
1,997 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 1,997 ft.

Completions filed
Jun 1971
1 of 1 wells

1 well

42-3413005451R1,997 ftJun 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 202619298.932.87$551
Mar 202619989.753.15$627
Feb 202618463.503.75$690
Jan 202620159.138.00$1,608
Dec 202519656.664.41$865
Nov 202519758.593.93$774
Oct 202520859.383.30$687
Sep 202519762.743.08$606
Aug 202519763.933.01$594
Jul 202520866.743.32$690
Jun 202519666.483.13$613
May 202521160.553.23$682
Apr 202521062.363.54$744
Mar 202521667.704.27$922
Feb 202517070.884.34$738
Jan 202522974.324.28$980
Dec 202421068.993.12$655
Nov 202420269.052.20$444
Oct 202420671.372.28$470
Sep 202420669.612.36$487
Aug 202421875.632.06$450
Jul 202422679.932.15$485
Jun 202421778.082.63$572
May 202423278.812.20$510
Apr 202421784.451.66$360
Mar 202423180.301.55$357
Feb 202421676.091.78$385
Jan 202423473.023.30$772
Dec 202323471.262.61$611
Nov 202322377.892.81$626
Oct 202322885.443.09$704
Sep 202322489.042.74$613
Aug 202322680.522.67$604
Jul 20235074.852.64$132
Jun 202323168.962.26$522
May 202324370.622.23$541
Apr 202323078.122.24$515
Mar 202323272.852.39$555
Feb 202321475.112.47$528
Jan 202323576.533.39$796
Dec 202224576.415.73$1,404
Nov 202223185.005.65$1,304
Oct 202222287.185.86$1,302
Sep 202222084.888.16$1,796
Aug 202223094.529.13$2,099
Jul 2022227101.587.54$1,712
Jun 2022231115.097.98$1,843
May 2022224109.378.43$1,889
Apr 2022224104.226.84$1,532
Mar 2022241108.885.08$1,223
Feb 202223691.054.86$1,147
Jan 202225681.844.54$1,162
Dec 202122871.323.90$889
Nov 202122977.435.24$1,199
Oct 202124079.795.71$1,371
Sep 202122769.865.35$1,215
Aug 202123966.024.22$1,009
Jul 202122570.783.98$896
Jun 202122369.493.38$754
May 202123563.483.02$709
Apr 202118160.362.76$499
Mar 202132361.302.72$878
Feb 202114057.805.55$777
Jan 202126050.412.81$731
Dec 202024144.642.68$645
Nov 202025238.772.71$682
Oct 202022636.972.48$560
Sep 202024237.091.99$482
Aug 202024939.982.39$594
Jul 202024738.371.83$451
Jun 202023534.901.69$397
May 202024016.921.81$436
Apr 202023814.751.80$429
Mar 202024630.341.86$457
Feb 202023549.881.98$465
Jan 202024957.252.09$522
Dec 201925159.012.30$578
Nov 201924455.302.75$671
Oct 201925353.472.42$612
Sep 201925055.052.66$664
Aug 201925953.112.30$597
Jul 201926356.272.46$647
Jun 201926052.782.49$648
May 201929058.482.74$795
Apr 201922662.632.75$622
Mar 201927856.803.06$851
Feb 201925450.852.79$709
Jan 201928246.033.23$910
Dec 2018046.594.19$0
Nov 2018052.934.24$0
Oct 201829261.443.40$992
Sep 201828359.543.11$880
Aug 201828659.403.07$877
Jul 201828865.142.93$844
Jun 201827660.183.08$849
May 201829265.382.90$847
Apr 201833863.842.90$980
Mar 201816661.222.79$463
Feb 201827761.782.77$766
Jan 201831962.874.01$1,279
Dec 201731657.272.92$923
Nov 201732455.423.12$1,010
Oct 201727449.292.98$818
Sep 201716947.523.09$522
Aug 201736045.373.00$1,082
Jul 201720043.873.09$617
Jun 201729042.493.09$895
May 201731745.373.26$1,035
Apr 201730947.933.21$992
Mar 201730646.772.98$913
Feb 201728950.452.95$853
Jan 201732149.413.42$1,097
Dec 201633348.763.72$1,240
Nov 201630442.492.64$804
Oct 201632546.193.09$1,004
Sep 201634641.553.10$1,073
Aug 201625141.442.92$734
Jul 201630541.622.92$892
Jun 201630645.352.69$822
May 201632042.521.99$637
Apr 201631836.561.99$633
Mar 201634133.011.79$612
Feb 201623826.472.06$491
Jan 201629127.352.36$688
Dec 201531232.362.00$624
Nov 201529338.792.17$635
Oct 201532043.552.43$777
Sep 201531342.992.76$863
Aug 201530240.162.87$867
Jul 201530848.152.95$907
Jun 201531156.152.88$897
May 201529755.212.96$878
Apr 201531049.822.71$839
Mar 201530942.892.93$907
Feb 201529344.662.98$872
Jan 201533343.433.10$1,033
Dec 201431854.693.59$1,142
Nov 201428170.464.25$1,195
Oct 201433478.303.90$1,303
Sep 201433686.164.05$1,359
Aug 201425189.394.04$1,013
Jul 201431196.564.18$1,300
Jun 201432698.164.74$1,544
May 201432794.734.73$1,546
Apr 201432595.944.81$1,563
Mar 201433495.895.06$1,689
Feb 201430697.406.19$1,895
Jan 201433290.404.86$1,614
Dec 201333591.824.35$1,459
Nov 201332088.853.74$1,196
Oct 201331597.423.78$1,191
Sep 2013313104.113.72$1,164
Aug 2013344104.253.52$1,212
Jul 2013344102.523.72$1,279
Jun 201334594.403.93$1,357
May 201335494.834.15$1,469
Apr 201333493.964.28$1,430
Mar 201334393.623.91$1,342
Feb 201332891.233.42$1,122
Jan 201334991.603.42$1,194
Dec 201235786.773.42$1,221
Nov 201235886.953.62$1,298
Oct 201236289.383.40$1,231
Sep 201235794.672.92$1,042
Aug 201235192.662.91$1,021
Jul 201234685.133.02$1,045
Jun 201235479.822.52$892
May 201233591.612.49$834
Apr 2012332101.652.00$663
Mar 2012345105.052.22$767
Feb 2012325101.102.57$835
Jan 201233698.092.73$919
Dec 201135496.873.24$1,147
Nov 201135295.723.31$1,166
Oct 201136684.983.65$1,335
Sep 201135983.623.99$1,431
Aug 201138083.404.15$1,577
Jul 201137794.144.52$1,703
Jun 201137592.904.64$1,740
May 201142498.134.40$1,868
Apr 2011407105.964.33$1,764
Mar 201143596.364.06$1,765
Feb 201139185.644.18$1,634
Jan 201143786.504.59$2,005
Dec 201039885.734.35$1,730
Nov 201039280.843.80$1,488
Oct 201040878.103.51$1,432
Sep 201040472.633.98$1,608
Aug 201042473.684.42$1,874
Jul 201041172.554.74$1,947
Jun 201044870.364.91$2,200
May 201040971.124.24$1,732
Apr 201043081.694.12$1,773
Mar 201044978.394.39$1,971
Feb 201041673.585.44$2,264
Jan 201047074.365.96$2,803
Dec 200948871.445.48$2,676
Nov 200949874.593.75$1,868
Oct 200946772.544.11$1,919
Sep 200944465.543.06$1,361
Aug 200948367.423.22$1,555
Jul 200950461.133.46$1,746
Jun 200941466.163.90$1,613
May 200947254.743.93$1,853
Apr 200946846.773.59$1,679
Mar 200947042.144.06$1,908
Feb 200942332.814.63$1,960
Jan 200945935.865.37$2,465
Dec 200844937.105.98$2,684
Nov 200840955.496.86$2,806
Oct 200842475.246.92$2,935
Sep 2008421101.767.88$3,316
Aug 2008455114.228.48$3,860
Jul 2008471131.0811.39$5,364
Jun 2008448131.3313.03$5,839
May 2008474123.1711.57$5,486
Apr 2008466110.3110.45$4,872
Mar 2008499101.909.66$4,822
Feb 200848092.538.77$4,210
Jan 200852090.388.21$4,267
Dec 200754088.337.30$3,943
Nov 200753391.677.29$3,886
Oct 200755382.856.92$3,828
Sep 200753775.846.24$3,353
Aug 200756469.066.39$3,603
Jul 200755870.906.39$3,564
Jun 200754162.007.55$4,084
May 200752758.747.85$4,135
Apr 200758159.617.81$4,535
Mar 200755856.927.30$4,075
Feb 200750855.108.22$4,174
Jan 200756450.306.73$3,794
Dec 200659456.656.92$4,110
Nov 200656454.207.62$4,296
Oct 200657554.906.01$3,458
Sep 200655560.085.04$2,796
Aug 200662268.717.34$4,565
Jul 200662269.376.34$3,945
Jun 200660766.286.38$3,875
May 200661766.016.42$3,964
Apr 200660664.397.36$4,460
Mar 200662156.707.08$4,398
Feb 200657757.597.75$4,472
Jan 200662860.598.93$5,610
Dec 200564254.9413.42$8,613
Nov 200559854.6910.59$6,332
Oct 200560758.3413.80$8,374
Sep 200558961.4512.08$7,115
Aug 200562161.519.80$6,084
Jul 200567655.697.84$5,302
Jun 200568452.337.38$5,049
May 200557245.226.65$3,804
Apr 200562649.207.36$4,608
Mar 200566350.377.15$4,744
Feb 200559145.226.31$3,730
Jan 200564643.166.32$4,084
Dec 200465239.866.75$4,402
Nov 200464945.286.33$4,108
Oct 200466449.706.52$4,326
Sep 200463643.245.28$3,361
Aug 200465842.375.55$3,652
Jul 200464638.286.08$3,930
Jun 200460936.106.43$3,918
May 200460037.486.49$3,897
Apr 200466034.475.86$3,867
Mar 200468834.365.53$3,805
Feb 200461132.455.51$3,366
Jan 200468132.036.30$4,290
Dec 200365930.266.30$4,153
Nov 200369528.804.60$3,194
Oct 200368028.174.76$3,237
Sep 200363526.314.75$3,016
Aug 200370829.765.13$3,632
Jul 200372929.415.17$3,770
Jun 200363128.565.98$3,775
May 200370826.595.97$4,229
Apr 200366426.675.41$3,590
Mar 200372731.146.10$4,432
Feb 200368433.487.93$5,421
Jan 200371330.315.58$3,980
Dec 200272626.914.85$3,524
Nov 200269424.664.14$2,871
Oct 200272026.464.23$3,045
Sep 200267627.443.64$2,457
Aug 200272925.963.16$2,307
Jul 200272924.583.06$2,232
Jun 200268323.733.34$2,280
May 200271924.663.58$2,577
Apr 200263223.653.51$2,220
Mar 200260222.003.10$1,868
Feb 200266318.222.38$1,575
Jan 200267817.172.38$1,611
Dec 200166116.932.36$1,563
Nov 200173918.072.41$1,778
Oct 200177419.782.53$1,957
Sep 200171324.262.25$1,605
Aug 200180524.873.05$2,458
Jul 200186423.933.20$2,762
Jun 200163724.563.82$2,436
May 200172925.524.31$3,140
Apr 200175224.685.34$4,012
Mar 200178324.545.38$4,210
Feb 200165527.755.77$3,777
Jan 200184727.478.40$7,114
Dec 200074526.889.12$6,796
Nov 200069832.215.66$3,949
Oct 200073831.235.15$3,797
Sep 200068331.875.19$3,542
Aug 200076129.644.54$3,456
Jul 200076728.534.09$3,137
Jun 200071029.304.40$3,122
May 200074427.263.68$2,738
Apr 200065724.513.12$2,047
Mar 200080228.422.86$2,294
Feb 200079127.622.73$2,157
Jan 200086525.272.48$2,146
Dec 199978624.282.42$1,905
Nov 199980123.192.43$1,950
Oct 199980520.982.80$2,257
Sep 199979221.752.62$2,074
Aug 199987719.262.88$2,522
Jul 199991317.892.37$2,166
Jun 199980115.942.36$1,892
May 199994815.792.32$2,200
Apr 199970715.102.21$1,561
Mar 199981812.471.84$1,504
Feb 19999089.981.82$1,651
Jan 199989410.381.90$1,699
Dec 19989499.201.77$1,683
Nov 199896310.892.19$2,105
Oct 199891112.421.97$1,794
Sep 199887712.592.08$1,826
Aug 199894911.301.91$1,810
Jul 19981,02911.742.24$2,302
Jun 19981,03311.242.24$2,311
May 199896912.622.21$2,138
Apr 199891513.042.51$2,292
Mar 199883012.802.31$1,917
Feb 199886313.952.30$1,984
Jan 19981,00714.702.15$2,170
Dec 199795516.322.41$2,303
Nov 199787318.193.09$2,696
Oct 199793819.253.15$2,955
Sep 199794117.742.95$2,781
Aug 19971,07017.862.55$2,734
Jul 19971,08117.582.25$2,429
Jun 19971,03517.242.26$2,336
May 19971,11418.972.31$2,572
Apr 19971,06017.882.08$2,208
Mar 19971,07518.951.94$2,085
Feb 199794420.492.21$2,082
Jan 19971,02323.483.54$3,621
Dec 19961,16623.32$0
Nov 19961,01521.97$0
Oct 19961,07823.31$0
Sep 19961,97422.22$0
Aug 19961,09320.26$0
Jul 199699719.55$0
Jun 19961,09218.73$0
May 19961,14119.43$0
Apr 19961,16721.51$0
Mar 19961,17819.38$0
Feb 19961,08516.98$0
Jan 19961,11617.07$0
Dec 19951,14817.19$0
Nov 19951,21216.00$0
Oct 19951,42915.43$0
Sep 19951,16516.18$0
Aug 199573315.92$0
Jul 199568515.24$0
Jun 19951,12816.41$0
May 19951,14317.56$0
Apr 19951,18917.73$0
Mar 19951,03916.44$0
Feb 199599816.58$0
Jan 19951,11015.92$0
Dec 19941,14815.03$0
Nov 19941,17615.90$0
Oct 19941,17815.58$0
Sep 19941,15715.29$0
Aug 19941,16716.13$0
Jul 19941,19517.56$0
Jun 19941,11917.09$0
May 19941,16815.88$0
Apr 19941,15614.14$0
Mar 19941,12212.46$0
Feb 19941,05912.50$0
Jan 19941,17612.66$0
Dec 19931,17612.33$0
Nov 19931,13614.49$0
Oct 19931,21615.85$0
Sep 19931,16115.03$0
Aug 19931,22915.66$0
Jul 19931,36215.46$0
Jun 19931,03516.79$0
May 19931,22717.68$0
Apr 19931,24318.05$0
Mar 19931,12618.14$0
Feb 19931,11617.90$0
Jan 19931,26616.93$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                  192 Mcf  × $  2.87 =       $551

────────────────────────────────────────────────────
Month total                                     $551

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/50782 is the state's own key, not one this site invented.