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 54537District 10Field 68831200Hydrogen sulphide fieldGasSaveExport
Value, all time
$744 k
Jan 1993 – May 2026
Value, last 12 filed months
$15 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
GasProduction317,427 Mcf$744,077
Total$744,077

133,743 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 35.5682, -101.8079. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

35.56818, -101.80792 · 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
1,795 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 1,795 ft.

1 well

42-3753007457R1,795 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 202633898.932.87$970
Mar 202636389.753.15$1,143
Feb 202631663.503.75$1,185
Jan 202636059.138.00$2,879
Dec 202536456.664.41$1,606
Nov 202535558.593.93$1,394
Oct 202537059.383.30$1,223
Sep 202536662.743.08$1,126
Aug 202532563.933.01$980
Jul 202537866.743.32$1,253
Jun 202536566.483.13$1,142
May 202537660.553.23$1,215
Apr 202536362.363.54$1,286
Mar 202532467.704.27$1,383
Feb 202527270.884.34$1,181
Jan 202537174.324.28$1,587
Dec 202437368.993.12$1,164
Nov 202436369.052.20$798
Oct 202437771.372.28$860
Sep 202436569.612.36$863
Aug 202437975.632.06$782
Jul 202439279.932.15$841
Jun 202438278.082.63$1,006
May 202438978.812.20$855
Apr 202438384.451.66$635
Mar 202439680.301.55$612
Feb 202436976.091.78$658
Jan 202438673.023.30$1,273
Dec 202339871.262.61$1,039
Nov 202338977.892.81$1,092
Oct 202340585.443.09$1,250
Sep 202339789.042.74$1,086
Aug 202339080.522.67$1,042
Jul 202364474.852.64$1,701
Jun 202338568.962.26$870
May 202338470.622.23$855
Apr 202338378.122.24$857
Mar 202339172.852.39$936
Feb 202335175.112.47$865
Jan 202339576.533.39$1,338
Dec 202238476.415.73$2,200
Nov 202238485.005.65$2,168
Oct 202240387.185.86$2,363
Sep 202238884.888.16$3,168
Aug 202241894.529.13$3,815
Jul 2022375101.587.54$2,828
Jun 2022355115.097.98$2,832
May 2022400109.378.43$3,373
Apr 2022399104.226.84$2,728
Mar 2022404108.885.08$2,051
Feb 202236291.054.86$1,759
Jan 202240281.844.54$1,824
Dec 202141771.323.90$1,626
Nov 202140577.435.24$2,121
Oct 202142279.795.71$2,411
Sep 202141469.865.35$2,215
Aug 202142666.024.22$1,798
Jul 202142770.783.98$1,700
Jun 202142269.493.38$1,427
May 202147063.483.02$1,418
Apr 202127560.362.76$759
Mar 202149961.302.72$1,356
Feb 202116157.805.55$893
Jan 202143950.412.81$1,234
Dec 202044144.642.68$1,180
Nov 202041238.772.71$1,115
Oct 202040136.972.48$994
Sep 202043137.091.99$858
Aug 202044439.982.39$1,059
Jul 202044638.371.83$814
Jun 202042534.901.69$718
May 202044816.921.81$813
Apr 202043714.751.80$789
Mar 202045830.341.86$850
Feb 202040249.881.98$796
Jan 202046857.252.09$980
Dec 201945959.012.30$1,058
Nov 201944855.302.75$1,232
Oct 201943053.472.42$1,040
Sep 201944655.052.66$1,185
Aug 201945253.112.30$1,042
Jul 201952556.272.46$1,292
Jun 20199952.782.49$247
May 201933058.482.74$904
Apr 201929862.632.75$820
Mar 201947856.803.06$1,464
Feb 201943250.852.79$1,206
Jan 201948746.033.23$1,572
Dec 2018046.594.19$0
Nov 2018052.934.24$0
Oct 201849461.443.40$1,679
Sep 201847659.543.11$1,479
Aug 201850059.403.07$1,533
Jul 201849165.142.93$1,440
Jun 201842960.183.08$1,320
May 201843165.382.90$1,250
Apr 201843663.842.90$1,265
Mar 201821161.222.79$588
Feb 201836861.782.77$1,018
Jan 201853362.874.01$2,137
Dec 201752957.272.92$1,545
Nov 201754155.423.12$1,687
Oct 201725749.292.98$767
Sep 201727647.523.09$852
Aug 201733945.373.00$1,018
Jul 201716443.873.09$506
Jun 201746742.493.09$1,442
May 201748245.373.26$1,573
Apr 201749947.933.21$1,603
Mar 201753546.772.98$1,596
Feb 201748050.452.95$1,417
Jan 201752649.413.42$1,798
Dec 201653148.763.72$1,977
Nov 201652342.492.64$1,383
Oct 201655446.193.09$1,712
Sep 201648141.553.10$1,491
Aug 201634841.442.92$1,018
Jul 201654441.622.92$1,591
Jun 201653745.352.69$1,442
May 201654342.521.99$1,081
Apr 201650036.561.99$996
Mar 201656633.011.79$1,015
Feb 201652126.472.06$1,075
Jan 201657627.352.36$1,362
Dec 201556232.362.00$1,125
Nov 201554238.792.17$1,175
Oct 201556443.552.43$1,369
Sep 201555042.992.76$1,517
Aug 201558740.162.87$1,686
Jul 201542348.152.95$1,246
Jun 201558856.152.88$1,695
May 201550355.212.96$1,487
Apr 201558949.822.71$1,594
Mar 201563042.892.93$1,849
Feb 201562144.662.98$1,848
Jan 201530943.433.10$958
Dec 201420154.693.59$722
Nov 201432070.464.25$1,361
Oct 201460778.303.90$2,368
Sep 201461486.164.05$2,484
Aug 201445989.394.04$1,852
Jul 201459796.564.18$2,495
Jun 201460098.164.74$2,842
May 201461594.734.73$2,907
Apr 201460395.944.81$2,900
Mar 201462195.895.06$3,140
Feb 201454697.406.19$3,381
Jan 201461990.404.86$3,009
Dec 201362391.824.35$2,713
Nov 201362288.853.74$2,325
Oct 201365797.423.78$2,483
Sep 2013639104.113.72$2,376
Aug 2013670104.253.52$2,360
Jul 2013671102.523.72$2,495
Jun 201366894.403.93$2,628
May 201341394.834.15$1,714
Apr 201365393.964.28$2,797
Mar 201368993.623.91$2,696
Feb 201362591.233.42$2,137
Jan 201369491.603.42$2,373
Dec 201270786.773.42$2,418
Nov 201269186.953.62$2,505
Oct 201271989.383.40$2,444
Sep 201270194.672.92$2,046
Aug 201273192.662.91$2,126
Jul 201275385.133.02$2,275
Jun 201275279.822.52$1,894
May 201268791.612.49$1,709
Apr 2012767101.652.00$1,532
Mar 2012827105.052.22$1,838
Feb 2012873101.102.57$2,244
Jan 201236098.092.73$984
Dec 20119596.873.24$308
Nov 201123895.723.31$788
Oct 201128984.983.65$1,054
Sep 201133783.623.99$1,343
Aug 201140783.404.15$1,689
Jul 201144194.144.52$1,992
Jun 201146292.904.64$2,144
May 201150298.134.40$2,211
Apr 2011561105.964.33$2,431
Mar 201160696.364.06$2,459
Feb 201158785.644.18$2,454
Jan 201178486.504.59$3,598
Dec 201079485.734.35$3,452
Nov 201077380.843.80$2,934
Oct 201081578.103.51$2,860
Sep 201079972.633.98$3,180
Aug 201083373.684.42$3,681
Jul 201082672.554.74$3,912
Jun 201081870.364.91$4,017
May 201068971.124.24$2,918
Apr 201083881.694.12$3,455
Mar 201087278.394.39$3,827
Feb 201080073.585.44$4,354
Jan 201088874.365.96$5,296
Dec 200990371.445.48$4,952
Nov 200988774.593.75$3,328
Oct 200992672.544.11$3,806
Sep 200989365.543.06$2,737
Aug 200992467.423.22$2,974
Jul 200993961.133.46$3,253
Jun 200991866.163.90$3,576
May 200979554.743.93$3,121
Apr 200973146.773.59$2,622
Mar 200986242.144.06$3,499
Feb 200986932.814.63$4,026
Jan 200996835.865.37$5,199
Dec 200897037.105.98$5,798
Nov 200895155.496.86$6,524
Oct 200831175.246.92$2,153
Sep 2008987101.767.88$7,775
Aug 20081,080114.228.48$9,162
Jul 2008788131.0811.39$8,975
Jun 20081,079131.3313.03$14,062
May 20081,097123.1711.57$12,697
Apr 20081,104110.3110.45$11,542
Mar 20081,146101.909.66$11,075
Feb 20081,07892.538.77$9,455
Jan 20081,16890.388.21$9,584
Dec 20071,15688.337.30$8,441
Nov 20071,14591.677.29$8,349
Oct 20071,16582.856.92$8,064
Sep 20071,15675.846.24$7,218
Aug 20071,23069.066.39$7,857
Jul 20071,25570.906.39$8,017
Jun 20071,36762.007.55$10,319
May 20071,35458.747.85$10,624
Apr 20071,36959.617.81$10,685
Mar 20071,47156.927.30$10,741
Feb 20071,36255.108.22$11,190
Jan 20071,53550.306.73$10,326
Dec 20061,51356.656.92$10,468
Nov 20061,70954.207.62$13,018
Oct 20062,08054.906.01$12,509
Sep 200662160.085.04$3,128
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 19981,21912.592.08$2,539
Aug 19982,15411.301.91$4,108
Jul 19982,19211.742.24$4,904
Jun 19982,02411.242.24$4,528
May 19981,93812.622.21$4,276
Apr 19981,80913.042.51$4,532
Mar 19982,13612.802.31$4,933
Feb 19981,97413.952.30$4,538
Jan 19982,05614.702.15$4,430
Dec 19972,38216.322.41$5,743
Nov 19972,17118.193.09$6,705
Oct 19972,20919.253.15$6,958
Sep 19972,35217.742.95$6,950
Aug 19972,40817.862.55$6,152
Jul 19972,22417.582.25$4,997
Jun 19972,55417.242.26$5,765
May 19972,54718.972.31$5,880
Apr 19972,17417.882.08$4,528
Mar 19972,33618.951.94$4,530
Feb 19972,17120.492.21$4,789
Jan 19972,36823.483.54$8,382
Dec 19962,33823.32$0
Nov 19962,03121.97$0
Oct 19962,47223.31$0
Sep 19963,58622.22$0
Aug 19962,42220.26$0
Jul 19962,41119.55$0
Jun 19962,62918.73$0
May 19962,65019.43$0
Apr 19962,61821.51$0
Mar 19962,70219.38$0
Feb 19962,33116.98$0
Jan 19962,59717.07$0
Dec 19952,52317.19$0
Nov 19952,53116.00$0
Oct 19952,74815.43$0
Sep 19952,56516.18$0
Aug 19952,71015.92$0
Jul 19952,68515.24$0
Jun 19952,62816.41$0
May 19952,35617.56$0
Apr 19952,61917.73$0
Mar 19952,91716.44$0
Feb 19952,49816.58$0
Jan 19952,58715.92$0
Dec 19942,73815.03$0
Nov 19942,79415.90$0
Oct 19942,96815.58$0
Sep 19942,94715.29$0
Aug 19943,04416.13$0
Jul 19942,89917.56$0
Jun 19942,80117.09$0
May 19942,55015.88$0
Apr 19942,78714.14$0
Mar 19943,06512.46$0
Feb 19942,75712.50$0
Jan 19943,04612.66$0
Dec 19933,03312.33$0
Nov 19932,71814.49$0
Oct 19932,88915.85$0
Sep 19932,76715.03$0
Aug 19933,26915.66$0
Jul 19932,97915.46$0
Jun 19932,84416.79$0
May 19933,27617.68$0
Apr 19933,49818.05$0
Mar 19933,67818.14$0
Feb 19933,03017.90$0
Jan 19933,21216.93$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                  338 Mcf  × $  2.87 =       $970

────────────────────────────────────────────────────
Month total                                     $970

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/54537 is the state's own key, not one this site invented.