MASTERSON

Name: MASTERSON lease production and value, Jan 1993 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

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 54393District 10Field 68831200Hydrogen sulphide fieldNGPA filingGasSave Export

Value, all time

$514 k

Jan 1993 – May 2026

Value, last 12 filed months

$7 k

at the published price for each month

Months reported

401

no gaps in the span

Streams

gas

The PANHANDLE, WEST (RED CAVE) field

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.

Programme	Filings	With an approval date	Dated	Docket
NGPA	1	none	—	—

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.

Stream	Basis	Volume	Value
Gas	Production	149,002 Mcf	$514,431
Total			$514,431

30,863 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 35.4922, -101.8161. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

35.49224, -101.81605 · centre of the wells drawn, derived⌘ or Ctrl + scroll to zoom

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

1,945 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 1,945 ft.

Completions filed

Nov 1972

1 of 1 wells

1 well


42-37530084	62R	1,945 ft	Nov 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 2026	0	106.41	3.05	$0
Apr 2026	135	98.93	2.87	$387
Mar 2026	122	89.75	3.15	$384
Feb 2026	121	63.50	3.75	$454
Jan 2026	173	59.13	8.00	$1,384
Dec 2025	190	56.66	4.41	$839
Nov 2025	193	58.59	3.93	$758
Oct 2025	198	59.38	3.30	$654
Sep 2025	212	62.74	3.08	$652
Aug 2025	190	63.93	3.01	$573
Jul 2025	176	66.74	3.32	$583
Jun 2025	187	66.48	3.13	$585
May 2025	221	60.55	3.23	$714
Apr 2025	111	62.36	3.54	$393
Mar 2025	187	67.70	4.27	$798
Feb 2025	138	70.88	4.34	$599
Jan 2025	228	74.32	4.28	$976
Dec 2024	133	68.99	3.12	$415
Nov 2024	97	69.05	2.20	$213
Oct 2024	160	71.37	2.28	$365
Sep 2024	147	69.61	2.36	$348
Aug 2024	192	75.63	2.06	$396
Jul 2024	204	79.93	2.15	$438
Jun 2024	198	78.08	2.63	$522
May 2024	188	78.81	2.20	$413
Apr 2024	182	84.45	1.66	$302
Mar 2024	216	80.30	1.55	$334
Feb 2024	217	76.09	1.78	$387
Jan 2024	133	73.02	3.30	$439
Dec 2023	108	71.26	2.61	$282
Nov 2023	104	77.89	2.81	$292
Oct 2023	264	85.44	3.09	$815
Sep 2023	117	89.04	2.74	$320
Aug 2023	103	80.52	2.67	$275
Jul 2023	46	74.85	2.64	$122
Jun 2023	154	68.96	2.26	$348
May 2023	184	70.62	2.23	$410
Apr 2023	181	78.12	2.24	$405
Mar 2023	184	72.85	2.39	$440
Feb 2023	172	75.11	2.47	$424
Jan 2023	198	76.53	3.39	$671
Dec 2022	199	76.41	5.73	$1,140
Nov 2022	195	85.00	5.65	$1,101
Oct 2022	205	87.18	5.86	$1,202
Sep 2022	201	84.88	8.16	$1,641
Aug 2022	209	94.52	9.13	$1,908
Jul 2022	215	101.58	7.54	$1,622
Jun 2022	204	115.09	7.98	$1,627
May 2022	213	109.37	8.43	$1,796
Apr 2022	204	104.22	6.84	$1,395
Mar 2022	207	108.88	5.08	$1,051
Feb 2022	180	91.05	4.86	$875
Jan 2022	193	81.84	4.54	$876
Dec 2021	205	71.32	3.90	$799
Nov 2021	203	77.43	5.24	$1,063
Oct 2021	214	79.79	5.71	$1,223
Sep 2021	213	69.86	5.35	$1,140
Aug 2021	220	66.02	4.22	$929
Jul 2021	234	70.78	3.98	$932
Jun 2021	255	69.49	3.38	$862
May 2021	151	63.48	3.02	$456
Apr 2021	145	60.36	2.76	$400
Mar 2021	250	61.30	2.72	$679
Feb 2021	90	57.80	5.55	$499
Jan 2021	203	50.41	2.81	$570
Dec 2020	203	44.64	2.68	$543
Nov 2020	209	38.77	2.71	$566
Oct 2020	192	36.97	2.48	$476
Sep 2020	210	37.09	1.99	$418
Aug 2020	209	39.98	2.39	$498
Jul 2020	222	38.37	1.83	$405
Jun 2020	212	34.90	1.69	$358
May 2020	220	16.92	1.81	$399
Apr 2020	210	14.75	1.80	$379
Mar 2020	217	30.34	1.86	$403
Feb 2020	193	49.88	1.98	$382
Jan 2020	208	57.25	2.09	$436
Dec 2019	208	59.01	2.30	$479
Nov 2019	205	55.30	2.75	$564
Oct 2019	222	53.47	2.42	$537
Sep 2019	219	55.05	2.66	$582
Aug 2019	220	53.11	2.30	$507
Jul 2019	230	56.27	2.46	$566
Jun 2019	222	52.78	2.49	$553
May 2019	233	58.48	2.74	$638
Apr 2019	223	62.63	2.75	$613
Mar 2019	219	56.80	3.06	$671
Feb 2019	203	50.85	2.79	$567
Jan 2019	222	46.03	3.23	$717
Dec 2018	0	46.59	4.19	$0
Nov 2018	0	52.93	4.24	$0
Oct 2018	235	61.44	3.40	$799
Sep 2018	230	59.54	3.11	$715
Aug 2018	242	59.40	3.07	$742
Jul 2018	252	65.14	2.93	$739
Jun 2018	264	60.18	3.08	$812
May 2018	200	65.38	2.90	$580
Apr 2018	264	63.84	2.90	$766
Mar 2018	145	61.22	2.79	$404
Feb 2018	218	61.78	2.77	$603
Jan 2018	239	62.87	4.01	$958
Dec 2017	243	57.27	2.92	$710
Nov 2017	260	55.42	3.12	$811
Oct 2017	240	49.29	2.98	$716
Sep 2017	202	47.52	3.09	$624
Aug 2017	234	45.37	3.00	$703
Jul 2017	186	43.87	3.09	$574
Jun 2017	237	42.49	3.09	$732
May 2017	247	45.37	3.26	$806
Apr 2017	245	47.93	3.21	$787
Mar 2017	252	46.77	2.98	$752
Feb 2017	228	50.45	2.95	$673
Jan 2017	244	49.41	3.42	$834
Dec 2016	274	48.76	3.72	$1,020
Nov 2016	172	42.49	2.64	$455
Oct 2016	271	46.19	3.09	$837
Sep 2016	227	41.55	3.10	$704
Aug 2016	233	41.44	2.92	$681
Jul 2016	265	41.62	2.92	$775
Jun 2016	252	45.35	2.69	$677
May 2016	264	42.52	1.99	$526
Apr 2016	255	36.56	1.99	$508
Mar 2016	261	33.01	1.79	$468
Feb 2016	236	26.47	2.06	$487
Jan 2016	253	27.35	2.36	$598
Dec 2015	261	32.36	2.00	$522
Nov 2015	255	38.79	2.17	$553
Oct 2015	269	43.55	2.43	$653
Sep 2015	262	42.99	2.76	$723
Aug 2015	274	40.16	2.87	$787
Jul 2015	278	48.15	2.95	$819
Jun 2015	281	56.15	2.88	$810
May 2015	239	55.21	2.96	$706
Apr 2015	269	49.82	2.71	$728
Mar 2015	275	42.89	2.93	$807
Feb 2015	239	44.66	2.98	$711
Jan 2015	266	43.43	3.10	$825
Dec 2014	270	54.69	3.59	$970
Nov 2014	275	70.46	4.25	$1,169
Oct 2014	299	78.30	3.90	$1,166
Sep 2014	236	86.16	4.05	$955
Aug 2014	267	89.39	4.04	$1,077
Jul 2014	290	96.56	4.18	$1,212
Jun 2014	285	98.16	4.74	$1,350
May 2014	254	94.73	4.73	$1,201
Apr 2014	277	95.94	4.81	$1,332
Mar 2014	280	95.89	5.06	$1,416
Feb 2014	241	97.40	6.19	$1,492
Jan 2014	275	90.40	4.86	$1,337
Dec 2013	276	91.82	4.35	$1,202
Nov 2013	278	88.85	3.74	$1,039
Oct 2013	292	97.42	3.78	$1,104
Sep 2013	285	104.11	3.72	$1,060
Aug 2013	298	104.25	3.52	$1,050
Jul 2013	301	102.52	3.72	$1,119
Jun 2013	297	94.40	3.93	$1,168
May 2013	276	94.83	4.15	$1,145
Apr 2013	291	93.96	4.28	$1,246
Mar 2013	302	93.62	3.91	$1,182
Feb 2013	271	91.23	3.42	$927
Jan 2013	296	91.60	3.42	$1,012
Dec 2012	304	86.77	3.42	$1,040
Nov 2012	301	86.95	3.62	$1,091
Oct 2012	315	89.38	3.40	$1,071
Sep 2012	308	94.67	2.92	$899
Aug 2012	320	92.66	2.91	$931
Jul 2012	322	85.13	3.02	$973
Jun 2012	319	79.82	2.52	$804
May 2012	326	91.61	2.49	$811
Apr 2012	325	101.65	2.00	$649
Mar 2012	337	105.05	2.22	$749
Feb 2012	310	101.10	2.57	$797
Jan 2012	333	98.09	2.73	$910
Dec 2011	336	96.87	3.24	$1,089
Nov 2011	335	95.72	3.31	$1,109
Oct 2011	354	84.98	3.65	$1,292
Sep 2011	350	83.62	3.99	$1,395
Aug 2011	355	83.40	4.15	$1,473
Jul 2011	354	94.14	4.52	$1,599
Jun 2011	352	92.90	4.64	$1,633
May 2011	364	98.13	4.40	$1,603
Apr 2011	357	105.96	4.33	$1,547
Mar 2011	365	96.36	4.06	$1,481
Feb 2011	337	85.64	4.18	$1,409
Jan 2011	360	86.50	4.59	$1,652
Dec 2010	368	85.73	4.35	$1,600
Nov 2010	365	80.84	3.80	$1,385
Oct 2010	379	78.10	3.51	$1,330
Sep 2010	347	72.63	3.98	$1,381
Aug 2010	372	73.68	4.42	$1,644
Jul 2010	374	72.55	4.74	$1,771
Jun 2010	369	70.36	4.91	$1,812
May 2010	344	71.12	4.24	$1,457
Apr 2010	366	81.69	4.12	$1,509
Mar 2010	372	78.39	4.39	$1,633
Feb 2010	339	73.58	5.44	$1,845
Jan 2010	368	74.36	5.96	$2,195
Dec 2009	362	71.44	5.48	$1,985
Nov 2009	363	74.59	3.75	$1,362
Oct 2009	381	72.54	4.11	$1,566
Sep 2009	373	65.54	3.06	$1,143
Aug 2009	386	67.42	3.22	$1,242
Jul 2009	390	61.13	3.46	$1,351
Jun 2009	353	66.16	3.90	$1,375
May 2009	383	54.74	3.93	$1,504
Apr 2009	369	46.77	3.59	$1,324
Mar 2009	367	42.14	4.06	$1,490
Feb 2009	334	32.81	4.63	$1,547
Jan 2009	366	35.86	5.37	$1,966
Dec 2008	369	37.10	5.98	$2,206
Nov 2008	365	55.49	6.86	$2,504
Oct 2008	388	75.24	6.92	$2,686
Sep 2008	379	101.76	7.88	$2,985
Aug 2008	400	114.22	8.48	$3,393
Jul 2008	394	131.08	11.39	$4,487
Jun 2008	386	131.33	13.03	$5,031
May 2008	392	123.17	11.57	$4,537
Apr 2008	383	110.31	10.45	$4,004
Mar 2008	391	101.90	9.66	$3,779
Feb 2008	363	92.53	8.77	$3,184
Jan 2008	389	90.38	8.21	$3,192
Dec 2007	386	88.33	7.30	$2,819
Nov 2007	384	91.67	7.29	$2,800
Oct 2007	401	82.85	6.92	$2,776
Sep 2007	387	75.84	6.24	$2,416
Aug 2007	408	69.06	6.39	$2,606
Jul 2007	407	70.90	6.39	$2,600
Jun 2007	395	62.00	7.55	$2,982
May 2007	415	58.74	7.85	$3,256
Apr 2007	392	59.61	7.81	$3,060
Mar 2007	412	56.92	7.30	$3,008
Feb 2007	376	55.10	8.22	$3,089
Jan 2007	427	50.30	6.73	$2,872
Dec 2006	435	56.65	6.92	$3,010
Nov 2006	370	54.20	7.62	$2,818
Oct 2006	326	54.90	6.01	$1,961
Sep 2006	424	60.08	5.04	$2,136
Aug 2006	420	68.71	7.34	$3,083
Jul 2006	429	69.37	6.34	$2,721
Jun 2006	401	66.28	6.38	$2,560
May 2006	403	66.01	6.42	$2,589
Apr 2006	404	64.39	7.36	$2,974
Mar 2006	401	56.70	7.08	$2,840
Feb 2006	337	57.59	7.75	$2,612
Jan 2006	432	60.59	8.93	$3,859
Dec 2005	437	54.94	13.42	$5,863
Nov 2005	449	54.69	10.59	$4,754
Oct 2005	479	58.34	13.80	$6,608
Sep 2005	499	61.45	12.08	$6,027
Aug 2005	604	61.51	9.80	$5,917
Jul 2005	519	55.69	7.84	$4,071
Jun 2005	1	52.33	7.38	$7
May 2005	214	45.22	6.65	$1,423
Apr 2005	473	49.20	7.36	$3,482
Mar 2005	529	50.37	7.15	$3,785
Feb 2005	115	45.22	6.31	$726
Jan 2005	436	43.16	6.32	$2,756
Dec 2004	438	39.86	6.75	$2,957
Nov 2004	413	45.28	6.33	$2,614
Oct 2004	459	49.70	6.52	$2,990
Sep 2004	441	43.24	5.28	$2,330
Aug 2004	453	42.37	5.55	$2,514
Jul 2004	382	38.28	6.08	$2,324
Jun 2004	449	36.10	6.43	$2,888
May 2004	414	37.48	6.49	$2,689
Apr 2004	372	34.47	5.86	$2,179
Mar 2004	412	34.36	5.53	$2,278
Feb 2004	368	32.45	5.51	$2,028
Jan 2004	416	32.03	6.30	$2,621
Dec 2003	406	30.26	6.30	$2,558
Nov 2003	424	28.80	4.60	$1,948
Oct 2003	462	28.17	4.76	$2,199
Sep 2003	410	26.31	4.75	$1,947
Aug 2003	414	29.76	5.13	$2,124
Jul 2003	348	29.41	5.17	$1,799
Jun 2003	550	28.56	5.98	$3,291
May 2003	502	26.59	5.97	$2,998
Apr 2003	397	26.67	5.41	$2,147
Mar 2003	108	31.14	6.10	$658
Feb 2003	401	33.48	7.93	$3,178
Jan 2003	449	30.31	5.58	$2,506
Dec 2002	473	26.91	4.85	$2,296
Nov 2002	442	24.66	4.14	$1,829
Oct 2002	469	26.46	4.23	$1,983
Sep 2002	450	27.44	3.64	$1,636
Aug 2002	464	25.96	3.16	$1,468
Jul 2002	485	24.58	3.06	$1,485
Jun 2002	452	23.73	3.34	$1,509
May 2002	505	24.66	3.58	$1,810
Apr 2002	464	23.65	3.51	$1,630
Mar 2002	458	22.00	3.10	$1,421
Feb 2002	453	18.22	2.38	$1,076
Jan 2002	462	17.17	2.38	$1,098
Dec 2001	490	16.93	2.36	$1,159
Nov 2001	504	18.07	2.41	$1,212
Oct 2001	512	19.78	2.53	$1,295
Sep 2001	503	24.26	2.25	$1,132
Aug 2001	544	24.87	3.05	$1,661
Jul 2001	473	23.93	3.20	$1,512
Jun 2001	503	24.56	3.82	$1,924
May 2001	518	25.52	4.31	$2,231
Apr 2001	539	24.68	5.34	$2,876
Mar 2001	492	24.54	5.38	$2,645
Feb 2001	441	27.75	5.77	$2,543
Jan 2001	492	27.47	8.40	$4,132
Dec 2000	453	26.88	9.12	$4,132
Nov 2000	529	32.21	5.66	$2,993
Oct 2000	547	31.23	5.15	$2,815
Sep 2000	528	31.87	5.19	$2,738
Aug 2000	595	29.64	4.54	$2,702
Jul 2000	581	28.53	4.09	$2,376
Jun 2000	442	29.30	4.40	$1,944
May 2000	555	27.26	3.68	$2,042
Apr 2000	449	24.51	3.12	$1,399
Mar 2000	538	28.42	2.86	$1,539
Feb 2000	521	27.62	2.73	$1,421
Jan 2000	513	25.27	2.48	$1,273
Dec 1999	509	24.28	2.42	$1,234
Nov 1999	581	23.19	2.43	$1,414
Oct 1999	522	20.98	2.80	$1,464
Sep 1999	547	21.75	2.62	$1,433
Aug 1999	567	19.26	2.88	$1,630
Jul 1999	573	17.89	2.37	$1,359
Jun 1999	591	15.94	2.36	$1,396
May 1999	531	15.79	2.32	$1,232
Apr 1999	454	15.10	2.21	$1,002
Mar 1999	547	12.47	1.84	$1,006
Feb 1999	483	9.98	1.82	$878
Jan 1999	496	10.38	1.90	$942
Dec 1998	542	9.20	1.77	$961
Nov 1998	637	10.89	2.19	$1,392
Oct 1998	556	12.42	1.97	$1,095
Sep 1998	692	12.59	2.08	$1,441
Aug 1998	359	11.30	1.91	$685
Jul 1998	610	11.74	2.24	$1,365
Jun 1998	598	11.24	2.24	$1,338
May 1998	470	12.62	2.21	$1,037
Apr 1998	543	13.04	2.51	$1,360
Mar 1998	696	12.80	2.31	$1,607
Feb 1998	564	13.95	2.30	$1,297
Jan 1998	611	14.70	2.15	$1,317
Dec 1997	640	16.32	2.41	$1,543
Nov 1997	434	18.19	3.09	$1,340
Oct 1997	529	19.25	3.15	$1,666
Sep 1997	519	17.74	2.95	$1,534
Aug 1997	610	17.86	2.55	$1,558
Jul 1997	599	17.58	2.25	$1,346
Jun 1997	640	17.24	2.26	$1,445
May 1997	594	18.97	2.31	$1,371
Apr 1997	536	17.88	2.08	$1,116
Mar 1997	601	18.95	1.94	$1,165
Feb 1997	597	20.49	2.21	$1,317
Jan 1997	526	23.48	3.54	$1,862
Dec 1996	565	23.32	—	$0
Nov 1996	558	21.97	—	$0
Oct 1996	661	23.31	—	$0
Sep 1996	1,125	22.22	—	$0
Aug 1996	597	20.26	—	$0
Jul 1996	623	19.55	—	$0
Jun 1996	625	18.73	—	$0
May 1996	643	19.43	—	$0
Apr 1996	598	21.51	—	$0
Mar 1996	653	19.38	—	$0
Feb 1996	629	16.98	—	$0
Jan 1996	557	17.07	—	$0
Dec 1995	665	17.19	—	$0
Nov 1995	712	16.00	—	$0
Oct 1995	832	15.43	—	$0
Sep 1995	671	16.18	—	$0
Aug 1995	458	15.92	—	$0
Jul 1995	401	15.24	—	$0
Jun 1995	801	16.41	—	$0
May 1995	341	17.56	—	$0
Apr 1995	711	17.73	—	$0
Mar 1995	557	16.44	—	$0
Feb 1995	513	16.58	—	$0
Jan 1995	632	15.92	—	$0
Dec 1994	663	15.03	—	$0
Nov 1994	673	15.90	—	$0
Oct 1994	705	15.58	—	$0
Sep 1994	723	15.29	—	$0
Aug 1994	665	16.13	—	$0
Jul 1994	717	17.56	—	$0
Jun 1994	657	17.09	—	$0
May 1994	580	15.88	—	$0
Apr 1994	611	14.14	—	$0
Mar 1994	590	12.46	—	$0
Feb 1994	559	12.50	—	$0
Jan 1994	607	12.66	—	$0
Dec 1993	655	12.33	—	$0
Nov 1993	657	14.49	—	$0
Oct 1993	536	15.85	—	$0
Sep 1993	608	15.03	—	$0
Aug 1993	655	15.66	—	$0
Jul 1993	696	15.46	—	$0
Jun 1993	715	16.79	—	$0
May 1993	639	17.68	—	$0
Apr 1993	729	18.05	—	$0
Mar 1993	664	18.14	—	$0
Feb 1993	671	17.90	—	$0
Jan 1993	760	16.93	—	$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                  135 Mcf  × $  2.87 =       $387

────────────────────────────────────────────────────
Month total                                     $387

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/54393 is the state's own key, not one this site invented.