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 54392District 10Field 68831200Hydrogen sulphide fieldGasSaveExport
Value, all time
$1.9 M
Jan 1993 – May 2026
Value, last 12 filed months
$0
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
GasProduction566,694 Mcf$1,857,805
Total$1,857,805

149,502 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 35.5358, -101.8672. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

35.53581, -101.86725 · 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
1,991 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 1,991 ft.

Completions filed
Oct 1972
1 of 1 wells

1 well

42-3753007960R1,991 ftOct 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 2026098.932.87$0
Mar 2026089.753.15$0
Feb 2026063.503.75$0
Jan 2026059.138.00$0
Dec 2025056.664.41$0
Nov 2025058.593.93$0
Oct 2025059.383.30$0
Sep 2025062.743.08$0
Aug 2025063.933.01$0
Jul 2025066.743.32$0
Jun 2025066.483.13$0
May 2025060.553.23$0
Apr 2025062.363.54$0
Mar 2025067.704.27$0
Feb 2025070.884.34$0
Jan 2025074.324.28$0
Dec 202411668.993.12$362
Nov 202422369.052.20$490
Oct 202442071.372.28$958
Sep 202443769.612.36$1,033
Aug 202447075.632.06$970
Jul 202452679.932.15$1,129
Jun 202453278.082.63$1,401
May 202430578.812.20$671
Apr 202419884.451.66$329
Mar 2024080.301.55$0
Feb 2024076.091.78$0
Jan 2024973.023.30$30
Dec 2023071.262.61$0
Nov 2023077.892.81$0
Oct 20233185.443.09$96
Sep 202333289.042.74$908
Aug 202368380.522.67$1,826
Jul 202352174.852.64$1,376
Jun 202368868.962.26$1,554
May 202373470.622.23$1,635
Apr 202375578.122.24$1,690
Mar 202374672.852.39$1,785
Feb 2023075.112.47$0
Jan 2023076.533.39$0
Dec 2022076.415.73$0
Nov 20229085.005.65$508
Oct 202240787.185.86$2,387
Sep 202267284.888.16$5,486
Aug 202270794.529.13$6,453
Jul 2022672101.587.54$5,068
Jun 2022632115.097.98$5,042
May 2022662109.378.43$5,583
Apr 2022645104.226.84$4,410
Mar 2022695108.885.08$3,528
Feb 20224991.054.86$238
Jan 202264581.844.54$2,927
Dec 202166171.323.90$2,577
Nov 202164677.435.24$3,383
Oct 202169479.795.71$3,965
Sep 202170069.865.35$3,746
Aug 202175066.024.22$3,165
Jul 202175670.783.98$3,010
Jun 202176169.493.38$2,573
May 202176363.483.02$2,302
Apr 202150060.362.76$1,379
Mar 20215761.302.72$155
Feb 202137457.805.55$2,075
Jan 202176850.412.81$2,158
Dec 202060244.642.68$1,611
Nov 2020038.772.71$0
Oct 202057836.972.48$1,433
Sep 202070637.091.99$1,406
Aug 202074739.982.39$1,782
Jul 202075338.371.83$1,374
Jun 202072634.901.69$1,227
May 202075016.921.81$1,361
Apr 202073214.751.80$1,321
Mar 202078030.341.86$1,448
Feb 202050149.881.98$992
Jan 202066357.252.09$1,389
Dec 201964059.012.30$1,475
Nov 201971755.302.75$1,972
Oct 201974553.472.42$1,802
Sep 201975255.052.66$1,998
Aug 201975853.112.30$1,747
Jul 201978056.272.46$1,919
Jun 201975352.782.49$1,876
May 201979458.482.74$2,176
Apr 201977562.632.75$2,132
Mar 201979756.803.06$2,440
Feb 201971750.852.79$2,002
Jan 201982846.033.23$2,673
Dec 2018046.594.19$0
Nov 2018052.934.24$0
Oct 201880361.443.40$2,729
Sep 201883359.543.11$2,589
Aug 201888859.403.07$2,723
Jul 201890165.142.93$2,642
Jun 20181,00460.183.08$3,089
May 201845765.382.90$1,326
Apr 201881163.842.90$2,353
Mar 201816661.222.79$463
Feb 201879761.782.77$2,205
Jan 201888562.874.01$3,548
Dec 201783857.272.92$2,448
Nov 201796455.423.12$3,006
Oct 201754249.292.98$1,617
Sep 201727847.523.09$858
Aug 201732445.373.00$973
Jul 201726943.873.09$830
Jun 201777442.493.09$2,390
May 201786845.373.26$2,833
Apr 201784047.933.21$2,698
Mar 201788046.772.98$2,626
Feb 201780550.452.95$2,377
Jan 201792449.413.42$3,159
Dec 201687748.763.72$3,265
Nov 20161,02642.492.64$2,713
Oct 201639446.193.09$1,218
Sep 20161841.553.10$56
Aug 201685441.442.92$2,497
Jul 201671041.622.92$2,076
Jun 201687245.352.69$2,342
May 201691142.521.99$1,814
Apr 201689136.561.99$1,774
Mar 201694633.011.79$1,697
Feb 201684226.472.06$1,738
Jan 201696727.352.36$2,286
Dec 201594432.362.00$1,889
Nov 20151,01038.792.17$2,189
Oct 201586743.552.43$2,104
Sep 201562942.992.76$1,735
Aug 201566140.162.87$1,899
Jul 201570148.152.95$2,065
Jun 201572456.152.88$2,087
May 201538255.212.96$1,129
Apr 201565249.822.71$1,765
Mar 201577842.892.93$2,283
Feb 201566544.662.98$1,979
Jan 201580843.433.10$2,505
Dec 201484054.693.59$3,017
Nov 201485370.464.25$3,627
Oct 201474478.303.90$2,902
Sep 201434086.164.05$1,375
Aug 201452189.394.04$2,102
Jul 201490296.564.18$3,770
Jun 201488598.164.74$4,192
May 201492294.734.73$4,358
Apr 201486595.944.81$4,160
Mar 201491195.895.06$4,607
Feb 201479897.406.19$4,941
Jan 201489190.404.86$4,331
Dec 201391491.824.35$3,980
Nov 201389188.853.74$3,331
Oct 201393397.423.78$3,526
Sep 2013918104.113.72$3,413
Aug 2013962104.253.52$3,389
Jul 2013962102.523.72$3,576
Jun 201397494.403.93$3,831
May 201364894.834.15$2,689
Apr 201391693.964.28$3,923
Mar 201395693.623.91$3,741
Feb 201387191.233.42$2,979
Jan 201396291.603.42$3,290
Dec 201297286.773.42$3,324
Nov 201295686.953.62$3,465
Oct 201298589.383.40$3,349
Sep 201297994.672.92$2,857
Aug 20121,03892.662.91$3,019
Jul 201298785.133.02$2,982
Jun 201295679.822.52$2,408
May 201293291.612.49$2,319
Apr 2012946101.652.00$1,889
Mar 20121,005105.052.22$2,233
Feb 2012950101.102.57$2,442
Jan 20121,00698.092.73$2,750
Dec 201193396.873.24$3,023
Nov 201197595.723.31$3,229
Oct 20111,03784.983.65$3,784
Sep 201197583.623.99$3,886
Aug 20111,05383.404.15$4,369
Jul 201199994.144.52$4,513
Jun 20111,02692.904.64$4,761
May 20111,11098.134.40$4,889
Apr 20111,073105.964.33$4,650
Mar 20111,09096.364.06$4,423
Feb 201198585.644.18$4,117
Jan 20111,10086.504.59$5,048
Dec 20101,09285.734.35$4,748
Nov 20101,09180.843.80$4,141
Oct 20101,17178.103.51$4,109
Sep 20101,14972.633.98$4,572
Aug 20101,18473.684.42$5,233
Jul 20101,17572.554.74$5,565
Jun 20101,11770.364.91$5,485
May 20101,12771.124.24$4,773
Apr 20101,16581.694.12$4,803
Mar 20101,20378.394.39$5,280
Feb 20101,09973.585.44$5,981
Jan 20101,23074.365.96$7,336
Dec 20091,23871.445.48$6,789
Nov 20091,21874.593.75$4,569
Oct 20091,27572.544.11$5,241
Sep 20091,23765.543.06$3,791
Aug 20091,30067.423.22$4,184
Jul 20091,37961.133.46$4,778
Jun 200997966.163.90$3,813
May 20091,29654.743.93$5,088
Apr 20091,23546.773.59$4,431
Mar 20091,30742.144.06$5,305
Feb 20091,16132.814.63$5,379
Jan 20091,26735.865.37$6,805
Dec 20081,23337.105.98$7,370
Nov 20081,17855.496.86$8,082
Oct 20081,35975.246.92$9,407
Sep 20081,268101.767.88$9,988
Aug 20081,423114.228.48$12,071
Jul 20081,469131.0811.39$16,731
Jun 20081,427131.3313.03$18,598
May 20081,419123.1711.57$16,424
Apr 20081,383110.3110.45$14,459
Mar 20081,458101.909.66$14,090
Feb 20081,36592.538.77$11,972
Jan 20081,49190.388.21$12,235
Dec 20071,51388.337.30$11,048
Nov 20071,50491.677.29$10,967
Oct 20071,54782.856.92$10,708
Sep 20071,52175.846.24$9,497
Aug 20071,55369.066.39$9,920
Jul 20071,61470.906.39$10,310
Jun 20071,56662.007.55$11,821
May 20071,47758.747.85$11,589
Apr 20071,56359.617.81$12,200
Mar 20071,67256.927.30$12,209
Feb 20071,40155.108.22$11,511
Jan 20071,68650.306.73$11,341
Dec 20061,60656.656.92$11,111
Nov 20061,60254.207.62$12,203
Oct 20061,57154.906.01$9,448
Sep 20061,55860.085.04$7,848
Aug 20061,50068.717.34$11,010
Jul 20061,78169.376.34$11,296
Jun 20061,72266.286.38$10,993
May 20061,68566.016.42$10,826
Apr 20061,73264.397.36$12,748
Mar 20061,67356.707.08$11,850
Feb 20061,63957.597.75$12,704
Jan 20061,84260.598.93$16,455
Dec 20051,86254.9413.42$24,979
Nov 20051,82854.6910.59$19,356
Oct 20051,93558.3413.80$26,695
Sep 20051,95661.4512.08$23,627
Aug 20051,77261.519.80$17,360
Jul 20051,67955.697.84$13,169
Jun 2005052.337.38$0
May 200584245.226.65$5,600
Apr 20051,79449.207.36$13,205
Mar 20051,87650.377.15$13,423
Feb 20051,48145.226.31$9,348
Jan 20051,86143.166.32$11,766
Dec 20041,92339.866.75$12,982
Nov 20041,78845.286.33$11,319
Oct 20041,96349.706.52$12,789
Sep 20041,94643.245.28$10,282
Aug 20042,04242.375.55$11,334
Jul 20042,12338.286.08$12,917
Jun 20042,07936.106.43$13,374
May 20041,87237.486.49$12,158
Apr 20042,01734.475.86$11,817
Mar 200468734.365.53$3,799
Feb 200497032.455.51$5,344
Jan 20041,61832.036.30$10,193
Dec 20031,60130.266.30$10,089
Nov 200379028.804.60$3,630
Oct 20031,63128.174.76$7,763
Sep 20031,77826.314.75$8,444
Aug 20032,05129.765.13$10,521
Jul 20032,07229.415.17$10,714
Jun 20031,47928.565.98$8,849
May 20031,68926.595.97$10,088
Apr 20031,50026.675.41$8,111
Mar 20031,88431.146.10$11,485
Feb 20031,46033.487.93$11,572
Jan 200397830.315.58$5,459
Dec 20021,88926.914.85$9,169
Nov 20021,88324.664.14$7,790
Oct 20021,58626.464.23$6,707
Sep 20021,92527.443.64$6,998
Aug 20021,71125.963.16$5,414
Jul 20022,14524.583.06$6,567
Jun 20021,78523.733.34$5,959
May 20021,91824.663.58$6,874
Apr 20022,03723.653.51$7,155
Mar 20022,09022.003.10$6,485
Feb 20022,00518.222.38$4,763
Jan 20022,15917.172.38$5,129
Dec 20011,87816.932.36$4,440
Nov 20012,08818.072.41$5,023
Oct 20012,25419.782.53$5,700
Sep 20012,13524.262.25$4,807
Aug 20012,19324.873.05$6,696
Jul 20012,48223.933.20$7,935
Jun 20012,22324.563.82$8,501
May 20012,35125.524.31$10,127
Apr 20012,40924.685.34$12,853
Mar 20012,21724.545.38$11,920
Feb 20011,92027.755.77$11,073
Jan 20012,46427.478.40$20,695
Dec 20002,19626.889.12$20,033
Nov 20002,05232.215.66$11,610
Oct 20002,32831.235.15$11,979
Sep 20002,29731.875.19$11,913
Aug 20002,68629.644.54$12,196
Jul 20002,50028.534.09$10,224
Jun 20002,42329.304.40$10,655
May 20002,64927.263.68$9,748
Apr 20002,14524.513.12$6,684
Mar 20002,92228.422.86$8,356
Feb 20002,69027.622.73$7,334
Jan 20003,07225.272.48$7,620
Dec 19992,81024.282.42$6,811
Nov 19992,95323.192.43$7,188
Oct 19992,78520.982.80$7,808
Sep 19992,62021.752.62$6,861
Aug 19992,79119.262.88$8,026
Jul 19993,08517.892.37$7,319
Jun 19993,09015.942.36$7,299
May 19993,04615.792.32$7,070
Apr 19992,75715.102.21$6,088
Mar 19991,65212.471.84$3,037
Feb 19991,5649.981.82$2,843
Jan 19991,89510.381.90$3,600
Dec 19981,8759.201.77$3,325
Nov 19982,01010.892.19$4,393
Oct 19981,85312.421.97$3,649
Sep 19981,69612.592.08$3,532
Aug 19982,09011.301.91$3,986
Jul 19981,43011.742.24$3,199
Jun 19981,73511.242.24$3,882
May 19981,86912.622.21$4,124
Apr 19981,65613.042.51$4,149
Mar 19981,75812.802.31$4,060
Feb 19981,78213.952.30$4,097
Jan 19981,82614.702.15$3,935
Dec 19972,12816.322.41$5,131
Nov 19971,42018.193.09$4,385
Oct 19971,58219.253.15$4,983
Sep 19972,17717.742.95$6,433
Aug 19972,49417.862.55$6,372
Jul 19972,39917.582.25$5,390
Jun 19972,37017.242.26$5,350
May 19972,47018.972.31$5,702
Apr 19972,06617.882.08$4,303
Mar 19972,38018.951.94$4,615
Feb 19972,48720.492.21$5,486
Jan 19972,30823.483.54$8,170
Dec 19962,18823.32$0
Nov 19961,91421.97$0
Oct 19962,21623.31$0
Sep 19966,15222.22$0
Aug 19962,17320.26$0
Jul 19962,93419.55$0
Jun 19962,43618.73$0
May 19962,88719.43$0
Apr 19962,70221.51$0
Mar 19962,79419.38$0
Feb 19962,76716.98$0
Jan 19962,91517.07$0
Dec 19953,02417.19$0
Nov 19952,69716.00$0
Oct 19953,06115.43$0
Sep 19952,45416.18$0
Aug 19953,23115.92$0
Jul 19953,28215.24$0
Jun 19952,88016.41$0
May 19952,77317.56$0
Apr 19952,85617.73$0
Mar 19953,08016.44$0
Feb 19952,32416.58$0
Jan 19952,79615.92$0
Dec 19942,89015.03$0
Nov 19943,20715.90$0
Oct 19943,77615.58$0
Sep 19943,41715.29$0
Aug 19943,50216.13$0
Jul 19943,69417.56$0
Jun 19942,79117.09$0
May 19942,82815.88$0
Apr 19942,42514.14$0
Mar 19943,44112.46$0
Feb 19943,22912.50$0
Jan 19943,74412.66$0
Dec 19933,65212.33$0
Nov 19932,88414.49$0
Oct 19932,88815.85$0
Sep 19933,20215.03$0
Aug 19933,73015.66$0
Jul 19933,65615.46$0
Jun 19933,61316.79$0
May 19933,45417.68$0
Apr 19933,72318.05$0
Mar 19933,83218.14$0
Feb 19933,47617.90$0
Jan 19933,91216.93$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.

Dec 2024 — as filed, then multipliedworked
Gas                  116 Mcf  × $  3.12 =       $362

────────────────────────────────────────────────────
Month total                                     $362

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/54392 is the state's own key, not one this site invented.