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 53384District 10Field 68831200Hydrogen sulphide fieldNGPA filingGasSaveExport
Value, all time
$454 k
Jan 1993 – May 2026
Value, last 12 filed months
$634
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
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
GasProduction139,042 Mcf$454,387
Total$454,387

33,896 Mcf of this lease's gas, across 47 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 35.5199, -101.8718. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

35.51986, -101.87183 · 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
2,048 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 2,048 ft.

1 well

42-3753005755R2,048 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 2026098.932.87$0
Mar 2026089.753.15$0
Feb 2026063.503.75$0
Jan 2026259.138.00$16
Dec 2025756.664.41$31
Nov 2025758.593.93$27
Oct 20252059.383.30$66
Sep 20253362.743.08$102
Aug 20253863.933.01$115
Jul 20254466.743.32$146
Jun 20254266.483.13$131
May 20253860.553.23$123
Apr 20252762.363.54$96
Mar 20257567.704.27$320
Feb 20259470.884.34$408
Jan 202512874.324.28$548
Dec 202413168.993.12$409
Nov 202412469.052.20$273
Oct 202413971.372.28$317
Sep 202413369.612.36$314
Aug 202413275.632.06$272
Jul 202418979.932.15$406
Jun 202420978.082.63$551
May 202421278.812.20$466
Apr 202417684.451.66$292
Mar 202414380.301.55$221
Feb 202412776.091.78$227
Jan 202413573.023.30$445
Dec 202315671.262.61$407
Nov 202315977.892.81$446
Oct 202317985.443.09$553
Sep 202318789.042.74$511
Aug 202318380.522.67$489
Jul 20238674.852.64$227
Jun 202318968.962.26$427
May 202320270.622.23$450
Apr 202319178.122.24$427
Mar 202317272.852.39$412
Feb 202315075.112.47$370
Jan 202317276.533.39$583
Dec 202218376.415.73$1,048
Nov 202218085.005.65$1,016
Oct 202217487.185.86$1,020
Sep 202220484.888.16$1,665
Aug 202221494.529.13$1,953
Jul 2022200101.587.54$1,508
Jun 2022181115.097.98$1,444
May 2022164109.378.43$1,383
Apr 2022162104.226.84$1,108
Mar 2022169108.885.08$858
Feb 202213491.054.86$651
Jan 202216781.844.54$758
Dec 202117671.323.90$686
Nov 202118577.435.24$969
Oct 202120579.795.71$1,171
Sep 202115369.865.35$819
Aug 202120966.024.22$882
Jul 202120870.783.98$828
Jun 202121269.493.38$717
May 202122163.483.02$667
Apr 202112260.362.76$337
Mar 202123461.302.72$636
Feb 20219657.805.55$533
Jan 202118350.412.81$514
Dec 202019544.642.68$522
Nov 202019638.772.71$530
Oct 202018436.972.48$456
Sep 202020837.091.99$414
Aug 202020239.982.39$482
Jul 202022238.371.83$405
Jun 202022034.901.69$372
May 202020616.921.81$374
Apr 202020714.751.80$374
Mar 202020930.341.86$388
Feb 202018949.881.98$374
Jan 202020157.252.09$421
Dec 201921159.012.30$486
Nov 201920755.302.75$569
Oct 201922453.472.42$542
Sep 201922455.052.66$595
Aug 201922953.112.30$528
Jul 201923556.272.46$578
Jun 201922952.782.49$570
May 201923858.482.74$652
Apr 201922762.632.75$624
Mar 201919856.803.06$606
Feb 201919150.852.79$533
Jan 201921546.033.23$694
Dec 2018046.594.19$0
Nov 2018052.934.24$0
Oct 201825161.443.40$853
Sep 201825459.543.11$789
Aug 201826759.403.07$819
Jul 201828865.142.93$844
Jun 201824760.183.08$760
May 201812565.382.90$363
Apr 201818363.842.90$531
Mar 20188161.222.79$226
Feb 201820361.782.77$562
Jan 201824862.874.01$994
Dec 201727757.272.92$809
Nov 201725055.423.12$780
Oct 20176149.292.98$182
Sep 20172547.523.09$77
Aug 20173245.373.00$96
Jul 201710743.873.09$330
Jun 201720342.493.09$627
May 201722145.373.26$721
Apr 201719747.933.21$633
Mar 201720646.772.98$615
Feb 201720050.452.95$591
Jan 201721649.413.42$738
Dec 201621148.763.72$786
Nov 201624242.492.64$640
Oct 20165446.193.09$167
Sep 20164741.553.10$146
Aug 201621341.442.92$623
Jul 201622141.622.92$646
Jun 201621445.352.69$575
May 201622042.521.99$438
Apr 201622636.561.99$450
Mar 201624933.011.79$447
Feb 201621826.472.06$450
Jan 201624027.352.36$567
Dec 201525032.362.00$500
Nov 201525438.792.17$551
Oct 201526343.552.43$638
Sep 201523242.992.76$640
Aug 201523840.162.87$684
Jul 201523948.152.95$704
Jun 201525056.152.88$721
May 201513655.212.96$402
Apr 201523349.822.71$631
Mar 201524242.892.93$710
Feb 201520744.662.98$616
Jan 201523743.433.10$735
Dec 201423254.693.59$833
Nov 201423170.464.25$982
Oct 201425278.303.90$983
Sep 201423886.164.05$963
Aug 201415289.394.04$613
Jul 201424796.564.18$1,032
Jun 201422998.164.74$1,085
May 201425594.734.73$1,205
Apr 201424995.944.81$1,197
Mar 201425495.895.06$1,284
Feb 201422397.406.19$1,381
Jan 201425390.404.86$1,230
Dec 201325691.824.35$1,115
Nov 201324988.853.74$931
Oct 201327197.423.78$1,024
Sep 2013265104.113.72$985
Aug 2013275104.253.52$969
Jul 2013277102.523.72$1,030
Jun 201328594.403.93$1,121
May 201317894.834.15$739
Apr 201325993.964.28$1,109
Mar 201326293.623.91$1,025
Feb 201323591.233.42$804
Jan 201325891.603.42$882
Dec 201227086.773.42$923
Nov 201226786.953.62$968
Oct 201227589.383.40$935
Sep 201227594.672.92$803
Aug 201228992.662.91$840
Jul 201229285.133.02$882
Jun 201228679.822.52$720
May 201227491.612.49$682
Apr 2012283101.652.00$565
Mar 2012291105.052.22$647
Feb 2012272101.102.57$699
Jan 201228998.092.73$790
Dec 201129296.873.24$946
Nov 201128795.723.31$950
Oct 201129584.983.65$1,076
Sep 201128583.623.99$1,136
Aug 201129883.404.15$1,237
Jul 201128294.144.52$1,274
Jun 201129292.904.64$1,355
May 201130598.134.40$1,343
Apr 2011300105.964.33$1,300
Mar 201130696.364.06$1,242
Feb 201127685.644.18$1,154
Jan 201129686.504.59$1,358
Dec 201030385.734.35$1,317
Nov 201028180.843.80$1,066
Oct 201030778.103.51$1,077
Sep 201029972.633.98$1,190
Aug 201030973.684.42$1,366
Jul 201031472.554.74$1,487
Jun 201030170.364.91$1,478
May 201030171.124.24$1,275
Apr 201031081.694.12$1,278
Mar 201031978.394.39$1,400
Feb 201029073.585.44$1,578
Jan 201031474.365.96$1,873
Dec 200930971.445.48$1,694
Nov 200931374.593.75$1,174
Oct 200932572.544.11$1,336
Sep 200932065.543.06$981
Aug 200933167.423.22$1,065
Jul 200934361.133.46$1,188
Jun 200933366.163.90$1,297
May 200933154.743.93$1,299
Apr 200932646.773.59$1,170
Mar 200933642.144.06$1,364
Feb 200930232.814.63$1,399
Jan 200932435.865.37$1,740
Dec 200832937.105.98$1,966
Nov 200832455.496.86$2,223
Oct 200834975.246.92$2,416
Sep 2008342101.767.88$2,694
Aug 2008357114.228.48$3,028
Jul 2008357131.0811.39$4,066
Jun 2008350131.3313.03$4,561
May 2008351123.1711.57$4,063
Apr 2008340110.3110.45$3,555
Mar 2008360101.909.66$3,479
Feb 200833892.538.77$2,964
Jan 200836290.388.21$2,970
Dec 200737188.337.30$2,709
Nov 200736391.677.29$2,647
Oct 200737482.856.92$2,589
Sep 200736675.846.24$2,285
Aug 200740969.066.39$2,613
Jul 200740970.906.39$2,613
Jun 200740462.007.55$3,050
May 200741158.747.85$3,225
Apr 200742959.617.81$3,348
Mar 200735956.927.30$2,621
Feb 200727155.108.22$2,227
Jan 200736850.306.73$2,475
Dec 200642756.656.92$2,954
Nov 200640054.207.62$3,047
Oct 200640054.906.01$2,406
Sep 200632960.085.04$1,657
Aug 200647568.717.34$3,486
Jul 200651269.376.34$3,247
Jun 200645566.286.38$2,905
May 200653066.016.42$3,405
Apr 200654264.397.36$3,989
Mar 200655356.707.08$3,917
Feb 200635657.597.75$2,759
Jan 200627860.598.93$2,483
Dec 200537254.9413.42$4,991
Nov 200540654.6910.59$4,299
Oct 200542758.3413.80$5,891
Sep 200538561.4512.08$4,650
Aug 200547161.519.80$4,614
Jul 200545555.697.84$3,569
Jun 2005052.337.38$0
May 200515145.226.65$1,004
Apr 200539549.207.36$2,907
Mar 200544250.377.15$3,162
Feb 200542845.226.31$2,702
Jan 200516743.166.32$1,056
Dec 200410439.866.75$702
Nov 200433045.286.33$2,089
Oct 200437449.706.52$2,437
Sep 200440143.245.28$2,119
Aug 200439942.375.55$2,215
Jul 200442338.286.08$2,574
Jun 200450436.106.43$3,242
May 200415437.486.49$1,000
Apr 200439034.475.86$2,285
Mar 200449034.365.53$2,710
Feb 200431532.455.51$1,736
Jan 200420632.036.30$1,298
Dec 200314430.266.30$907
Nov 200341028.804.60$1,884
Oct 200337828.174.76$1,799
Sep 200338126.314.75$1,810
Aug 200344429.765.13$2,278
Jul 200346529.415.17$2,404
Jun 200339528.565.98$2,363
May 200336426.595.97$2,174
Apr 200340626.675.41$2,195
Mar 200324331.146.10$1,481
Feb 200320933.487.93$1,657
Jan 200334930.315.58$1,948
Dec 200247126.914.85$2,286
Nov 200244124.664.14$1,824
Oct 200246726.464.23$1,975
Sep 200244827.443.64$1,629
Aug 200243825.963.16$1,386
Jul 200244624.583.06$1,366
Jun 200247323.733.34$1,579
May 200243524.663.58$1,559
Apr 200237623.653.51$1,321
Mar 200240322.003.10$1,250
Feb 200238718.222.38$919
Jan 200244217.172.38$1,050
Dec 200149116.932.36$1,161
Nov 200151818.072.41$1,246
Oct 200156319.782.53$1,424
Sep 200152024.262.25$1,171
Aug 200158324.873.05$1,780
Jul 200142223.933.20$1,349
Jun 200140724.563.82$1,556
May 200140325.524.31$1,736
Apr 200141224.685.34$2,198
Mar 200138624.545.38$2,075
Feb 200147627.755.77$2,745
Jan 200126027.478.40$2,184
Dec 200033326.889.12$3,038
Nov 200043832.215.66$2,478
Oct 200053631.235.15$2,758
Sep 200052631.875.19$2,728
Aug 200055829.644.54$2,534
Jul 200039928.534.09$1,632
Jun 200048729.304.40$2,141
May 200043027.263.68$1,582
Apr 200033724.513.12$1,050
Mar 200056228.422.86$1,607
Feb 200039527.622.73$1,077
Jan 200046125.272.48$1,144
Dec 199944824.282.42$1,086
Nov 199947123.192.43$1,146
Oct 199951820.982.80$1,452
Sep 199951521.752.62$1,349
Aug 199956019.262.88$1,610
Jul 199946717.892.37$1,108
Jun 199945015.942.36$1,063
May 199957715.792.32$1,339
Apr 199934315.102.21$757
Mar 199942812.471.84$787
Feb 19993959.981.82$718
Jan 199956010.381.90$1,064
Dec 19985309.201.77$940
Nov 199854510.892.19$1,191
Oct 199854712.421.97$1,077
Sep 199854212.592.08$1,129
Aug 199860311.301.91$1,150
Jul 199853111.742.24$1,188
Jun 199859011.242.24$1,320
May 199853212.622.21$1,174
Apr 199847813.042.51$1,198
Mar 199863912.802.31$1,476
Feb 199849313.952.30$1,133
Jan 199847214.702.15$1,017
Dec 199769916.322.41$1,685
Nov 199728318.193.09$874
Oct 199755319.253.15$1,742
Sep 199762517.742.95$1,847
Aug 199762217.862.55$1,589
Jul 199759617.582.25$1,339
Jun 199765317.242.26$1,474
May 199764318.972.31$1,484
Apr 199753417.882.08$1,112
Mar 199762418.951.94$1,210
Feb 199758820.492.21$1,297
Jan 199762023.483.54$2,195
Dec 199663423.32$0
Nov 199660921.97$0
Oct 199666623.31$0
Sep 19961,20222.22$0
Aug 199659720.26$0
Jul 199661019.55$0
Jun 199667618.73$0
May 199671819.43$0
Apr 199663821.51$0
Mar 199667319.38$0
Feb 199661216.98$0
Jan 199669517.07$0
Dec 199574617.19$0
Nov 199576416.00$0
Oct 199579915.43$0
Sep 199561616.18$0
Aug 199543015.92$0
Jul 199549515.24$0
Jun 199568916.41$0
May 199564717.56$0
Apr 199570217.73$0
Mar 199563816.44$0
Feb 199559416.58$0
Jan 199567115.92$0
Dec 199470415.03$0
Nov 199473315.90$0
Oct 199480315.58$0
Sep 199476815.29$0
Aug 199479616.13$0
Jul 199483417.56$0
Jun 199474217.09$0
May 199470815.88$0
Apr 199478914.14$0
Mar 199470412.46$0
Feb 199473512.50$0
Jan 199482812.66$0
Dec 199384012.33$0
Nov 199377414.49$0
Oct 199377715.85$0
Sep 199381515.03$0
Aug 199388815.66$0
Jul 199391715.46$0
Jun 199388916.79$0
May 199387417.68$0
Apr 199386218.05$0
Mar 199376318.14$0
Feb 199323217.90$0
Jan 1993016.93$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.

Jan 2026 — as filed, then multipliedworked
Gas                    2 Mcf  × $  8.00 =        $16

────────────────────────────────────────────────────
Month total                                      $16

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/53384 is the state's own key, not one this site invented.