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 50952District 10Field 68831200Hydrogen sulphide fieldNGPA filingCondensateGasSaveExport
Value, all time
$760 k
Jan 1993 – May 2026
Value, last 12 filed months
$19 k
at the published price for each month
Months reported
401
no gaps in the span
Streams
2
condensate, 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
CondensateDisposition14 bbl$232
GasProduction241,496 Mcf$760,026
Total$760,258

69,753 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 35.5787, -101.9317. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

35.57869, -101.93169 · 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
no depth filed
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.

Completions filed
Jun 1971
1 of 1 wells

1 well

42-3753003641 RJun 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 202600106.413.05$0
Apr 2026034798.932.87$996
Mar 2026054889.753.15$1,726
Feb 2026046063.503.75$1,725
Jan 2026064959.138.00$5,191
Dec 2025017756.664.41$781
Nov 2025044558.593.93$1,747
Oct 2025059159.383.30$1,953
Sep 2025041862.743.08$1,286
Aug 2025047163.933.01$1,420
Jul 2025040966.743.32$1,356
Jun 2025031466.483.13$982
May 2025040260.553.23$1,299
Apr 2025048262.363.54$1,708
Mar 2025033267.704.27$1,417
Feb 2025044870.884.34$1,945
Jan 2025026174.324.28$1,117
Dec 2024060368.993.12$1,882
Nov 2024029169.052.20$640
Oct 2024044271.372.28$1,008
Sep 2024042069.612.36$993
Aug 2024045775.632.06$943
Jul 2024058179.932.15$1,247
Jun 2024041378.082.63$1,088
May 2024049878.812.20$1,095
Apr 2024055184.451.66$914
Mar 2024041780.301.55$644
Feb 2024053776.091.78$958
Jan 2024040173.023.30$1,322
Dec 2023053571.262.61$1,397
Nov 2023060677.892.81$1,701
Oct 2023044285.443.09$1,365
Sep 2023040889.042.74$1,116
Aug 2023045780.522.67$1,222
Jul 2023030374.852.64$800
Jun 2023040668.962.26$917
May 2023057770.622.23$1,285
Apr 2023049078.122.24$1,097
Mar 2023053172.852.39$1,271
Feb 2023045775.112.47$1,127
Jan 2023046276.533.39$1,565
Dec 2022046476.415.73$2,658
Nov 2022061585.005.65$3,472
Oct 2022042087.185.86$2,463
Sep 2022049484.888.16$4,033
Aug 2022049494.529.13$4,509
Jul 20220506101.587.54$3,816
Jun 20220422115.097.98$3,366
May 20220456109.378.43$3,845
Apr 20220465104.226.84$3,179
Mar 20220552108.885.08$2,802
Feb 2022036691.054.86$1,778
Jan 2022035681.844.54$1,615
Dec 2021038171.323.90$1,486
Nov 2021049977.435.24$2,613
Oct 2021044279.795.71$2,526
Sep 2021045569.865.35$2,435
Aug 2021057466.024.22$2,423
Jul 2021042770.783.98$1,700
Jun 2021049269.493.38$1,663
May 2021052063.483.02$1,569
Apr 2021042560.362.76$1,172
Mar 2021052161.302.72$1,416
Feb 2021038157.805.55$2,114
Jan 2021042250.412.81$1,186
Dec 2020057544.642.68$1,538
Nov 2020050038.772.71$1,353
Oct 2020047136.972.48$1,167
Sep 2020055137.091.99$1,097
Aug 2020062839.982.39$1,498
Jul 2020043038.371.83$785
Jun 2020049034.901.69$828
May 2020065016.921.81$1,180
Apr 2020058114.751.80$1,048
Mar 2020062030.341.86$1,151
Feb 2020056149.881.98$1,111
Jan 2020034557.252.09$723
Dec 2019034559.012.30$795
Nov 2019035855.302.75$985
Oct 2019026653.472.42$643
Sep 2019050155.052.66$1,331
Aug 2019048253.112.30$1,111
Jul 2019063056.272.46$1,550
Jun 2019034652.782.49$862
May 2019051258.482.74$1,403
Apr 2019059362.632.75$1,631
Mar 2019048756.803.06$1,491
Feb 2019046650.852.79$1,301
Jan 2019055346.033.23$1,785
Dec 20180046.594.19$0
Nov 20180052.934.24$0
Oct 2018042761.443.40$1,451
Sep 2018056959.543.11$1,768
Aug 2018055059.403.07$1,687
Jul 2018058965.142.93$1,727
Jun 2018056560.183.08$1,738
May 2018056365.382.90$1,633
Apr 2018072363.842.90$2,097
Mar 2018031161.222.79$867
Feb 2018018561.782.77$512
Jan 2018038162.874.01$1,528
Dec 2017048257.272.92$1,408
Nov 2017072555.423.12$2,261
Oct 2017021949.292.98$653
Sep 2017022847.523.09$704
Aug 2017044345.373.00$1,331
Jul 2017050143.873.09$1,547
Jun 2017069542.493.09$2,146
May 2017051445.373.26$1,677
Apr 2017052947.933.21$1,699
Mar 2017061346.772.98$1,829
Feb 2017043050.452.95$1,270
Jan 2017044649.413.42$1,525
Dec 2016048048.763.72$1,787
Nov 2016047842.492.64$1,264
Oct 2016051646.193.09$1,595
Sep 2016058241.553.10$1,805
Aug 2016043341.442.92$1,266
Jul 2016055141.622.92$1,611
Jun 2016047945.352.69$1,287
May 2016052842.521.99$1,051
Apr 2016052536.561.99$1,045
Mar 2016061333.011.79$1,100
Feb 2016048626.472.06$1,003
Jan 2016058927.352.36$1,393
Dec 2015062932.362.00$1,259
Nov 2015053438.792.17$1,157
Oct 2015065543.552.43$1,589
Sep 2015063942.992.76$1,763
Aug 2015054140.162.87$1,554
Jul 2015057148.152.95$1,682
Jun 2015051456.152.88$1,482
May 2015037455.212.96$1,105
Apr 2015054849.822.71$1,483
Mar 2015058042.892.93$1,702
Feb 2015054544.662.98$1,622
Jan 2015053843.433.10$1,668
Dec 2014049654.693.59$1,781
Nov 2014047970.464.25$2,037
Oct 2014060678.303.90$2,364
Sep 2014061086.164.05$2,468
Aug 2014051389.394.04$2,070
Jul 2014054596.564.18$2,278
Jun 2014051098.164.74$2,416
May 2014062094.734.73$2,930
Apr 2014057595.944.81$2,765
Mar 2014059695.895.06$3,014
Feb 2014051297.406.19$3,170
Jan 2014067990.404.86$3,300
Dec 2013059191.824.35$2,574
Nov 2013063288.853.74$2,363
Oct 2013063797.423.78$2,407
Sep 20130639104.113.72$2,376
Aug 20130710104.253.52$2,501
Jul 20130591102.523.72$2,197
Jun 2013068294.403.93$2,683
May 2013066994.834.15$2,776
Apr 2013069693.964.28$2,981
Mar 2013066793.623.91$2,610
Feb 2013053691.233.42$1,833
Jan 2013064591.603.42$2,206
Dec 2012070786.773.42$2,418
Nov 2012070186.953.62$2,541
Oct 2012073689.383.40$2,502
Sep 2012072894.672.92$2,125
Aug 2012074592.662.91$2,167
Jul 2012076785.133.02$2,317
Jun 2012079879.822.52$2,010
May 2012086291.612.49$2,145
Apr 20120818101.652.00$1,633
Mar 20120661105.052.22$1,469
Feb 20120488101.102.57$1,254
Jan 2012083098.092.73$2,269
Dec 2011024396.873.24$787
Nov 2011063495.723.31$2,099
Oct 2011080984.983.65$2,952
Sep 2011072083.623.99$2,870
Aug 2011074683.404.15$3,095
Jul 2011078494.144.52$3,542
Jun 2011078192.904.64$3,624
May 2011083498.134.40$3,674
Apr 20110817105.964.33$3,540
Mar 2011086996.364.06$3,526
Feb 2011065485.644.18$2,734
Jan 2011076586.504.59$3,510
Dec 2010082185.734.35$3,570
Nov 2010091080.843.80$3,454
Oct 2010091978.103.51$3,225
Sep 2010088872.633.98$3,534
Aug 2010096673.684.42$4,269
Jul 2010092272.554.74$4,367
Jun 2010095170.364.91$4,670
May 2010096671.124.24$4,091
Apr 201001,02881.694.12$4,238
Mar 2010080978.394.39$3,550
Feb 2010047873.585.44$2,601
Jan 2010079174.365.96$4,718
Dec 2009076071.445.48$4,168
Nov 2009082774.593.75$3,102
Oct 2009095272.544.11$3,913
Sep 2009095465.543.06$2,924
Aug 200901,06667.423.22$3,431
Jul 200901,08361.133.46$3,752
Jun 200901,06566.163.90$4,148
May 200901,02354.743.93$4,016
Apr 2009091846.773.59$3,293
Mar 200901,11442.144.06$4,522
Feb 200901,00132.814.63$4,638
Jan 200901,02435.865.37$5,500
Dec 2008085737.105.98$5,122
Nov 200801,02955.496.86$7,059
Oct 200801,07575.246.92$7,441
Sep 200801,138101.767.88$8,964
Aug 20080964114.228.48$8,178
Jul 200801,121131.0811.39$12,768
Jun 200801,154131.3313.03$15,040
May 200801,142123.1711.57$13,218
Apr 200802,010110.3110.45$21,014
Mar 200801,213101.909.66$11,723
Feb 200801,13092.538.77$9,911
Jan 200801,00490.388.21$8,239
Dec 2007087488.337.30$6,382
Nov 2007090091.677.29$6,563
Oct 200701,37482.856.92$9,511
Sep 200701,41175.846.24$8,811
Aug 200701,55869.066.39$9,952
Jul 200701,66370.906.39$10,623
Jun 200701,57462.007.55$11,881
May 200701,52158.747.85$11,934
Apr 200701,00159.617.81$7,813
Mar 200701,86756.927.30$13,633
Feb 200701,10955.108.22$9,112
Jan 200701,74150.306.73$11,711
Dec 200602,05456.656.92$14,210
Nov 200602,58854.207.62$19,714
Oct 200602,74254.906.01$16,490
Sep 20060060.085.04$0
Aug 20060068.717.34$0
Jul 20060069.376.34$0
Jun 20060066.286.38$0
May 20060066.016.42$0
Apr 20060064.397.36$0
Mar 20060056.707.08$0
Feb 20060057.597.75$0
Jan 20060060.598.93$0
Dec 20050054.9413.42$0
Nov 20050054.6910.59$0
Oct 20050058.3413.80$0
Sep 20050061.4512.08$0
Aug 20050061.519.80$0
Jul 20050055.697.84$0
Jun 20050052.337.38$0
May 20050045.226.65$0
Apr 20050049.207.36$0
Mar 20050050.377.15$0
Feb 20050045.226.31$0
Jan 20050043.166.32$0
Dec 20040039.866.75$0
Nov 20040045.286.33$0
Oct 20040049.706.52$0
Sep 20040043.245.28$0
Aug 20040042.375.55$0
Jul 20040038.286.08$0
Jun 20040036.106.43$0
May 20040037.486.49$0
Apr 20040034.475.86$0
Mar 20040034.365.53$0
Feb 20040032.455.51$0
Jan 20040032.036.30$0
Dec 20030030.266.30$0
Nov 20030028.804.60$0
Oct 20030028.174.76$0
Sep 20030026.314.75$0
Aug 20030029.765.13$0
Jul 20030029.415.17$0
Jun 20030028.565.98$0
May 20030026.595.97$0
Apr 20030026.675.41$0
Mar 20030031.146.10$0
Feb 20030033.487.93$0
Jan 20030030.315.58$0
Dec 20020026.914.85$0
Nov 20020024.664.14$0
Oct 20020026.464.23$0
Sep 20020027.443.64$0
Aug 20020025.963.16$0
Jul 20020024.583.06$0
Jun 20020023.733.34$0
May 20020024.663.58$0
Apr 20020023.653.51$0
Mar 20020022.003.10$0
Feb 20020018.222.38$0
Jan 20020017.172.38$0
Dec 20010016.932.36$0
Nov 20010018.072.41$0
Oct 20010019.782.53$0
Sep 20010024.262.25$0
Aug 20010024.873.05$0
Jul 20010023.933.20$0
Jun 20010024.563.82$0
May 20010025.524.31$0
Apr 20010024.685.34$0
Mar 20010024.545.38$0
Feb 20010027.755.77$0
Jan 20010027.478.40$0
Dec 20000026.889.12$0
Nov 20000032.215.66$0
Oct 20000031.235.15$0
Sep 20000031.875.19$0
Aug 20000029.644.54$0
Jul 20000028.534.09$0
Jun 20000029.304.40$0
May 20000027.263.68$0
Apr 20000024.513.12$0
Mar 20000028.422.86$0
Feb 20000027.622.73$0
Jan 20000025.272.48$0
Dec 19990024.282.42$0
Nov 19990023.192.43$0
Oct 19990020.982.80$0
Sep 19990021.752.62$0
Aug 19990019.262.88$0
Jul 19990017.892.37$0
Jun 19990015.942.36$0
May 19990015.792.32$0
Apr 19990015.102.21$0
Mar 19990012.471.84$0
Feb 1999009.981.82$0
Jan 19990010.381.90$0
Dec 1998009.201.77$0
Nov 19980010.892.19$0
Oct 19980012.421.97$0
Sep 19980012.592.08$0
Aug 19980011.301.91$0
Jul 19980011.742.24$0
Jun 19980011.242.24$0
May 19980012.622.21$0
Apr 19980013.042.51$0
Mar 19980012.802.31$0
Feb 19980013.952.30$0
Jan 19980014.702.15$0
Dec 1997026716.322.41$644
Nov 199701,30118.193.09$4,018
Oct 199701,35219.253.15$4,259
Sep 199701,34117.742.95$3,962
Aug 199701,44917.862.55$3,702
Jul 199701,34317.582.25$3,018
Jun 199701,46017.242.26$3,296
May 199701,40218.972.31$3,237
Apr 199701,26817.882.08$2,641
Mar 199701,31618.951.94$2,552
Feb 199701,20120.492.21$2,649
Jan 199701,31523.483.54$4,655
Dec 199601,39323.32$0
Nov 199601,34721.97$0
Oct 199601,49223.31$0
Sep 199601,36722.22$0
Aug 199601,31220.26$0
Jul 199601,41019.55$0
Jun 199601,34818.73$0
May 199601,43519.43$0
Apr 199601,41121.51$0
Mar 199601,45819.38$0
Feb 199601,37616.98$0
Jan 199601,47817.07$0
Dec 199501,60117.19$0
Nov 199501,35416.00$0
Oct 199501,71415.43$0
Sep 199501,25616.18$0
Aug 1995083115.92$0
Jul 1995096515.24$0
Jun 199501,38616.41$0
May 199501,43017.56$0
Apr 199501,48317.73$0
Mar 199501,30416.44$0
Feb 1995141,29016.58$232
Jan 199501,46615.92$0
Dec 199401,46415.03$0
Nov 199401,43115.90$0
Oct 199401,50415.58$0
Sep 199401,48515.29$0
Aug 199401,54816.13$0
Jul 199401,55517.56$0
Jun 199401,52217.09$0
May 199401,57615.88$0
Apr 199401,59514.14$0
Mar 199401,44512.46$0
Feb 199401,36312.50$0
Jan 199401,54512.66$0
Dec 199301,54412.33$0
Nov 199301,51814.49$0
Oct 199301,59715.85$0
Sep 199301,57915.03$0
Aug 199301,63015.66$0
Jul 199301,65615.46$0
Jun 199301,57316.79$0
May 199301,65617.68$0
Apr 199301,70818.05$0
Mar 199301,39718.14$0
Feb 199301,41017.90$0
Jan 199301,54516.93$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
Condensate             0 bbl  × $ 98.93 =         $0
Gas                  347 Mcf  × $  2.87 =       $996

────────────────────────────────────────────────────
Month total                                     $996

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/50952 is the state's own key, not one this site invented.