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 54391District 10Field 68831200Hydrogen sulphide fieldGasSaveExport
Value, all time
$1.4 M
Jan 1993 – May 2026
Value, last 12 filed months
$30 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
GasProduction680,904 Mcf$1,440,808
Total$1,440,808

310,860 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 35.6089, -101.8640. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

35.60893, -101.86399 · 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
1,950 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 1,950 ft.

Completions filed
Aug 1972
1 of 1 wells

1 well

42-3753007353R1,950 ftAug 1972

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 202671398.932.87$2,046
Mar 202673889.753.15$2,324
Feb 202663363.503.75$2,374
Jan 202671659.138.00$5,727
Dec 202570256.664.41$3,098
Nov 202569558.593.93$2,729
Oct 202572259.383.30$2,386
Sep 202570962.743.08$2,182
Aug 202573563.933.01$2,216
Jul 202575966.743.32$2,516
Jun 202574166.483.13$2,318
May 202576360.553.23$2,466
Apr 202574162.363.54$2,625
Mar 202571267.704.27$3,039
Feb 202566570.884.34$2,887
Jan 202532974.324.28$1,408
Dec 202474268.993.12$2,316
Nov 202473769.052.20$1,620
Oct 202477471.372.28$1,766
Sep 202475969.612.36$1,795
Aug 202479475.632.06$1,639
Jul 202480179.932.15$1,719
Jun 202477578.082.63$2,041
May 202478878.812.20$1,732
Apr 202475784.451.66$1,256
Mar 202477580.301.55$1,197
Feb 202472176.091.78$1,286
Jan 202477973.023.30$2,569
Dec 202379371.262.61$2,070
Nov 202377677.892.81$2,179
Oct 202381685.443.09$2,519
Sep 202380289.042.74$2,194
Aug 202384380.522.67$2,253
Jul 202355774.852.64$1,471
Jun 202380568.962.26$1,818
May 202383470.622.23$1,858
Apr 202380678.122.24$1,804
Mar 202382872.852.39$1,982
Feb 202375675.112.47$1,864
Jan 202384376.533.39$2,856
Dec 202284176.415.73$4,818
Nov 202281885.005.65$4,619
Oct 202287287.185.86$5,113
Sep 202283784.888.16$6,833
Aug 202288094.529.13$8,032
Jul 2022884101.587.54$6,667
Jun 2022830115.097.98$6,621
May 2022861109.378.43$7,261
Apr 2022832104.226.84$5,689
Mar 2022865108.885.08$4,391
Feb 202261591.054.86$2,988
Jan 202284681.844.54$3,839
Dec 202184571.323.90$3,295
Nov 202181677.435.24$4,273
Oct 202184279.795.71$4,811
Sep 202182869.865.35$4,431
Aug 202190866.024.22$3,832
Jul 202189970.783.98$3,580
Jun 202190269.493.38$3,049
May 202199163.483.02$2,991
Apr 202164460.362.76$1,776
Mar 20211,06361.302.72$2,888
Feb 202140357.805.55$2,236
Jan 202189050.412.81$2,501
Dec 202090044.642.68$2,408
Nov 202090338.772.71$2,444
Oct 202081836.972.48$2,027
Sep 202089437.091.99$1,780
Aug 202092439.982.39$2,204
Jul 202094938.371.83$1,732
Jun 202091134.901.69$1,540
May 202093616.921.81$1,699
Apr 202091114.751.80$1,644
Mar 202093730.341.86$1,739
Feb 202085849.881.98$1,699
Jan 202094157.252.09$1,971
Dec 201995359.012.30$2,196
Nov 201992455.302.75$2,542
Oct 201994453.472.42$2,283
Sep 201993955.052.66$2,495
Aug 201996553.112.30$2,224
Jul 201999856.272.46$2,455
Jun 201994652.782.49$2,357
May 201995558.482.74$2,617
Apr 201996162.632.75$2,643
Mar 20191,04856.803.06$3,209
Feb 201988150.852.79$2,460
Jan 20191,00546.033.23$3,244
Dec 2018046.594.19$0
Nov 2018052.934.24$0
Oct 20181,01561.443.40$3,449
Sep 201898259.543.11$3,052
Aug 20181,02059.403.07$3,128
Jul 20181,05565.142.93$3,093
Jun 20181,04460.183.08$3,212
May 20181,12465.382.90$3,261
Apr 20181,31263.842.90$3,806
Mar 201820261.222.79$563
Feb 201894961.782.77$2,625
Jan 20181,06562.874.01$4,270
Dec 20171,09257.272.92$3,190
Nov 20171,15155.423.12$3,589
Oct 201782549.292.98$2,462
Sep 201758247.523.09$1,797
Aug 20171,10545.373.00$3,320
Jul 201787343.873.09$2,695
Jun 20171,05042.493.09$3,242
May 20171,09345.373.26$3,567
Apr 20171,04647.933.21$3,359
Mar 20171,10246.772.98$3,288
Feb 20171,00750.452.95$2,973
Jan 20171,13049.413.42$3,863
Dec 20161,16348.763.72$4,330
Nov 20161,20442.492.64$3,184
Oct 20161,18146.193.09$3,650
Sep 2016041.553.10$0
Aug 20161,02241.442.92$2,989
Jul 20161,14141.622.92$3,337
Jun 20161,11145.352.69$2,984
May 20161,13242.521.99$2,254
Apr 20161,12836.561.99$2,246
Mar 20161,15433.011.79$2,070
Feb 20161,03726.472.06$2,140
Jan 20161,16027.352.36$2,743
Dec 20151,16732.362.00$2,336
Nov 20151,13538.792.17$2,460
Oct 20151,18543.552.43$2,876
Sep 20151,14742.992.76$3,164
Aug 20151,17940.162.87$3,387
Jul 20151,24548.152.95$3,667
Jun 20151,35756.152.88$3,912
May 201566455.212.96$1,962
Apr 20151,16549.822.71$3,153
Mar 20151,23242.892.93$3,616
Feb 20151,07844.662.98$3,208
Jan 20151,23443.433.10$3,826
Dec 20141,25254.693.59$4,496
Nov 20141,24070.464.25$5,272
Oct 20141,23278.303.90$4,806
Sep 20141,35586.164.05$5,482
Aug 20141,01389.394.04$4,088
Jul 20141,27696.564.18$5,333
Jun 20141,24098.164.74$5,874
May 20141,29794.734.73$6,130
Apr 20141,25895.944.81$6,050
Mar 20141,31095.895.06$6,624
Feb 20141,16797.406.19$7,226
Jan 20141,29390.404.86$6,285
Dec 20131,30991.824.35$5,700
Nov 20131,27988.853.74$4,781
Oct 20131,34497.423.78$5,079
Sep 20131,324104.113.72$4,922
Aug 20131,386104.253.52$4,882
Jul 20131,420102.523.72$5,279
Jun 20131,44594.403.93$5,684
May 20131,04294.834.15$4,323
Apr 20131,34093.964.28$5,739
Mar 20131,43193.623.91$5,599
Feb 20131,27191.233.42$4,347
Jan 20131,41091.603.42$4,822
Dec 20121,44086.773.42$4,925
Nov 20121,40186.953.62$5,079
Oct 20121,46189.383.40$4,967
Sep 20121,43594.672.92$4,188
Aug 20121,50192.662.91$4,365
Jul 20121,53185.133.02$4,625
Jun 20121,49279.822.52$3,758
May 20121,49891.612.49$3,728
Apr 20121,489101.652.00$2,973
Mar 20121,549105.052.22$3,442
Feb 20121,457101.102.57$3,745
Jan 20121,54598.092.73$4,224
Dec 20111,58196.873.24$5,122
Nov 20111,54695.723.31$5,119
Oct 20111,62284.983.65$5,918
Sep 20111,60683.623.99$6,401
Aug 20111,69883.404.15$7,046
Jul 20111,64194.144.52$7,413
Jun 20111,66592.904.64$7,725
May 20111,72298.134.40$7,585
Apr 20111,663105.964.33$7,206
Mar 20111,73596.364.06$7,039
Feb 20111,57385.644.18$6,575
Jan 20111,77486.504.59$8,141
Dec 20101,79685.734.35$7,809
Nov 20101,70780.843.80$6,479
Oct 20101,81978.103.51$6,383
Sep 20101,78772.633.98$7,111
Aug 20101,87173.684.42$8,269
Jul 20101,88872.554.74$8,942
Jun 20101,85070.364.91$9,084
May 20101,71471.124.24$7,259
Apr 20101,85481.694.12$7,643
Mar 20101,94078.394.39$8,514
Feb 20101,76773.585.44$9,617
Jan 20101,98074.365.96$11,809
Dec 20092,00171.445.48$10,973
Nov 20091,97974.593.75$7,424
Oct 20092,03572.544.11$8,364
Sep 20092,04965.543.06$6,280
Aug 20092,16767.423.22$6,974
Jul 20092,17261.133.46$7,525
Jun 20092,05166.163.90$7,989
May 20092,26554.743.93$8,892
Apr 20092,29546.773.59$8,233
Mar 20092,39242.144.06$9,709
Feb 20092,34332.814.63$10,855
Jan 20093,21735.865.37$17,279
Dec 20081,30937.105.98$7,824
Nov 20081,35555.496.86$9,296
Oct 20081,36575.246.92$9,449
Sep 20081,559101.767.88$12,280
Aug 20081,413114.228.48$11,987
Jul 20081,470131.0811.39$16,742
Jun 20081,435131.3313.03$18,702
May 20081,556123.1711.57$18,010
Apr 20082,173110.3110.45$22,718
Mar 20081,457101.909.66$14,081
Feb 20081,34592.538.77$11,796
Jan 20081,57890.388.21$12,949
Dec 20071,17988.337.30$8,609
Nov 20071,67991.677.29$12,243
Oct 20071,90282.856.92$13,166
Sep 20072,14375.846.24$13,381
Aug 20072,07969.066.39$13,281
Jul 20072,21970.906.39$14,175
Jun 20071,95362.007.55$14,742
May 20072,30358.747.85$18,070
Apr 20072,01459.617.81$15,720
Mar 20071,90756.927.30$13,925
Feb 20071,36455.108.22$11,207
Jan 20071,03650.306.73$6,969
Dec 20061,82356.656.92$12,612
Nov 20062,32654.207.62$17,718
Oct 20062,72554.906.01$16,388
Sep 20062,17560.085.04$10,956
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 19983,64111.242.24$8,146
May 19983,91012.622.21$8,627
Apr 19984,55113.042.51$11,402
Mar 19984,88212.802.31$11,275
Feb 19984,04713.952.30$9,305
Jan 19983,94014.702.15$8,490
Dec 19974,78416.322.41$11,535
Nov 19973,98818.193.09$12,316
Oct 19974,73219.253.15$14,905
Sep 19974,84017.742.95$14,302
Aug 19975,24517.862.55$13,400
Jul 19975,38617.582.25$12,102
Jun 19974,79517.242.26$10,823
May 19974,84818.972.31$11,192
Apr 19974,83317.882.08$10,066
Mar 19975,14518.951.94$9,977
Feb 19974,78720.492.21$10,560
Jan 19975,15823.483.54$18,258
Dec 19965,14323.32$0
Nov 19965,15921.97$0
Oct 19965,66923.31$0
Sep 19968,14522.22$0
Aug 19965,27220.26$0
Jul 19965,70819.55$0
Jun 19965,29418.73$0
May 19965,84619.43$0
Apr 19965,65121.51$0
Mar 19965,39919.38$0
Feb 19965,22116.98$0
Jan 19965,61817.07$0
Dec 19955,50717.19$0
Nov 19955,81216.00$0
Oct 19956,17915.43$0
Sep 19955,95516.18$0
Aug 19956,32415.92$0
Jul 19956,17315.24$0
Jun 19955,95416.41$0
May 19956,23017.56$0
Apr 19955,46717.73$0
Mar 19956,60016.44$0
Feb 19955,22116.58$0
Jan 19955,98015.92$0
Dec 19946,11315.03$0
Nov 19946,31215.90$0
Oct 19946,75115.58$0
Sep 19946,97315.29$0
Aug 19947,12216.13$0
Jul 19947,24017.56$0
Jun 19946,93317.09$0
May 19946,72515.88$0
Apr 19946,30114.14$0
Mar 19946,84312.46$0
Feb 19946,14712.50$0
Jan 19946,97712.66$0
Dec 19936,89512.33$0
Nov 19937,11114.49$0
Oct 19937,61415.85$0
Sep 19937,49815.03$0
Aug 19938,00715.66$0
Jul 19938,25415.46$0
Jun 19938,15916.79$0
May 19937,40617.68$0
Apr 19937,42218.05$0
Mar 19937,73918.14$0
Feb 19937,08217.90$0
Jan 19937,70916.93$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                  713 Mcf  × $  2.87 =     $2,046

────────────────────────────────────────────────────
Month total                                   $2,046

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/54391 is the state's own key, not one this site invented.