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 54549District 10Field 68831200Hydrogen sulphide fieldNGPA filingGasSaveExport
Value, all time
$1.6 M
Jan 1993 – May 2026
Value, last 12 filed months
$32 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.

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
GasProduction474,590 Mcf$1,649,139
Total$1,649,139

93,509 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 35.5891, -101.7697. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

35.58914, -101.76970 · 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
1,850 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 1,850 ft.

1 well

42-3753007556 R1,850 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 202675098.932.87$2,152
Mar 202678489.753.15$2,469
Feb 202666263.503.75$2,483
Jan 202677259.138.00$6,174
Dec 202577956.664.41$3,438
Nov 202576258.593.93$2,992
Oct 202579259.383.30$2,617
Sep 202577962.743.08$2,397
Aug 202572163.933.01$2,174
Jul 202579266.743.32$2,626
Jun 202576666.483.13$2,397
May 202579560.553.23$2,570
Apr 202578162.363.54$2,767
Mar 202568167.704.27$2,907
Feb 202569170.884.34$3,000
Jan 202575374.324.28$3,222
Dec 202478268.993.12$2,441
Nov 202476169.052.20$1,673
Oct 202478771.372.28$1,795
Sep 202476169.612.36$1,799
Aug 202478575.632.06$1,620
Jul 202479679.932.15$1,709
Jun 202476978.082.63$2,026
May 202479478.812.20$1,746
Apr 202477484.451.66$1,284
Mar 202478780.301.55$1,216
Feb 202472576.091.78$1,293
Jan 202479773.023.30$2,628
Dec 202380271.262.61$2,094
Nov 202378477.892.81$2,201
Oct 202381185.443.09$2,504
Sep 202378589.042.74$2,147
Aug 202381180.522.67$2,168
Jul 20231,29574.852.64$3,421
Jun 202380368.962.26$1,814
May 202378270.622.23$1,742
Apr 202379878.122.24$1,786
Mar 202379972.852.39$1,912
Feb 202373775.112.47$1,817
Jan 202375976.533.39$2,571
Dec 202280276.415.73$4,595
Nov 202279285.005.65$4,472
Oct 202282587.185.86$4,838
Sep 202277884.888.16$6,351
Aug 202282994.529.13$7,566
Jul 2022807101.587.54$6,086
Jun 2022801115.097.98$6,390
May 2022822109.378.43$6,932
Apr 2022804104.226.84$5,497
Mar 2022843108.885.08$4,279
Feb 202272691.054.86$3,528
Jan 202281681.844.54$3,703
Dec 202185071.323.90$3,314
Nov 202182977.435.24$4,341
Oct 202186779.795.71$4,954
Sep 202184169.865.35$4,500
Aug 202188166.024.22$3,718
Jul 202189870.783.98$3,576
Jun 202190269.493.38$3,049
May 20211,06963.483.02$3,226
Apr 202170360.362.76$1,939
Mar 202155461.302.72$1,505
Feb 202138157.805.55$2,114
Jan 202180450.412.81$2,259
Dec 202083144.642.68$2,223
Nov 202081438.772.71$2,203
Oct 202076436.972.48$1,894
Sep 202081837.091.99$1,629
Aug 202080939.982.39$1,930
Jul 202077838.371.83$1,420
Jun 202078134.901.69$1,320
May 202079416.921.81$1,441
Apr 202077014.751.80$1,389
Mar 202076530.341.86$1,420
Feb 202075149.881.98$1,487
Jan 202082257.252.09$1,722
Dec 201978659.012.30$1,811
Nov 201975455.302.75$2,074
Oct 201982153.472.42$1,986
Sep 201983355.052.66$2,214
Aug 201986553.112.30$1,993
Jul 201991056.272.46$2,239
Jun 201983952.782.49$2,090
May 201999958.482.74$2,738
Apr 201960762.632.75$1,670
Mar 201992656.803.06$2,836
Feb 201972850.852.79$2,033
Jan 201988046.033.23$2,841
Dec 2018046.594.19$0
Nov 2018052.934.24$0
Oct 201891261.443.40$3,099
Sep 201889059.543.11$2,766
Aug 201893659.403.07$2,870
Jul 201895665.142.93$2,803
Jun 201892260.183.08$2,837
May 20181,05065.382.90$3,046
Apr 20181,15563.842.90$3,350
Mar 201831161.222.79$867
Feb 201874561.782.77$2,061
Jan 201867262.874.01$2,694
Dec 201799357.272.92$2,901
Nov 20171,12655.423.12$3,511
Oct 201782349.292.98$2,456
Sep 201756947.523.09$1,757
Aug 201797945.373.00$2,941
Jul 201732443.873.09$1,000
Jun 201785742.493.09$2,646
May 201792445.373.26$3,015
Apr 201789347.933.21$2,868
Mar 201793646.772.98$2,793
Feb 201783350.452.95$2,460
Jan 201794549.413.42$3,231
Dec 201694748.763.72$3,526
Nov 201696742.492.64$2,557
Oct 20161,05246.193.09$3,251
Sep 201690841.553.10$2,815
Aug 201668441.442.92$2,000
Jul 201697541.622.92$2,851
Jun 201695345.352.69$2,560
May 201697142.521.99$1,933
Apr 201696036.561.99$1,911
Mar 201697633.011.79$1,751
Feb 201688726.472.06$1,830
Jan 201696027.352.36$2,270
Dec 201599132.362.00$1,983
Nov 201597638.792.17$2,115
Oct 20151,01843.552.43$2,470
Sep 201598242.992.76$2,709
Aug 20151,03040.162.87$2,959
Jul 201599248.152.95$2,922
Jun 20151,00756.152.88$2,903
May 201589255.212.96$2,636
Apr 201599049.822.71$2,680
Mar 20151,00542.892.93$2,949
Feb 201584344.662.98$2,509
Jan 201585443.433.10$2,648
Dec 201499554.693.59$3,573
Nov 201498570.464.25$4,188
Oct 20141,05378.303.90$4,108
Sep 20141,10186.164.05$4,454
Aug 201459889.394.04$2,413
Jul 20141,02096.564.18$4,263
Jun 201497498.164.74$4,614
May 20141,01394.734.73$4,788
Apr 201499295.944.81$4,771
Mar 20141,01795.895.06$5,143
Feb 201487697.406.19$5,424
Jan 201499590.404.86$4,836
Dec 20131,01691.824.35$4,424
Nov 201399988.853.74$3,735
Oct 20131,03697.423.78$3,915
Sep 20131,005104.113.72$3,736
Aug 20131,052104.253.52$3,706
Jul 20131,030102.523.72$3,829
Jun 20131,03394.403.93$4,063
May 201396894.834.15$4,016
Apr 20131,00793.964.28$4,313
Mar 20131,02893.623.91$4,022
Feb 201393691.233.42$3,201
Jan 20131,04591.603.42$3,574
Dec 20121,06586.773.42$3,642
Nov 20121,04086.953.62$3,770
Oct 20121,08889.383.40$3,699
Sep 20121,05394.672.92$3,073
Aug 20121,07792.662.91$3,132
Jul 20121,09485.133.02$3,305
Jun 20121,08879.822.52$2,741
May 201292491.612.49$2,299
Apr 20121,043101.652.00$2,083
Mar 20121,088105.052.22$2,418
Feb 20121,004101.102.57$2,581
Jan 20121,05798.092.73$2,890
Dec 20111,03596.873.24$3,353
Nov 20111,04995.723.31$3,474
Oct 20111,12284.983.65$4,094
Sep 20111,02883.623.99$4,097
Aug 20111,13183.404.15$4,693
Jul 20111,07094.144.52$4,833
Jun 20111,08092.904.64$5,011
May 20111,13698.134.40$5,004
Apr 20111,102105.964.33$4,775
Mar 20111,11496.364.06$4,520
Feb 201197385.644.18$4,067
Jan 20111,13386.504.59$5,199
Dec 20101,12085.734.35$4,869
Nov 20101,11980.843.80$4,247
Oct 20101,14978.103.51$4,032
Sep 20101,12372.633.98$4,469
Aug 20101,17873.684.42$5,206
Jul 20101,21172.554.74$5,736
Jun 20101,19270.364.91$5,853
May 201098871.124.24$4,184
Apr 20101,14381.694.12$4,712
Mar 20101,18678.394.39$5,205
Feb 20101,03673.585.44$5,638
Jan 20101,13774.365.96$6,781
Dec 20091,15971.445.48$6,356
Nov 20091,15174.593.75$4,318
Oct 20091,19972.544.11$4,928
Sep 20091,16465.543.06$3,567
Aug 20091,22567.423.22$3,943
Jul 20091,21961.133.46$4,223
Jun 20091,18366.163.90$4,608
May 20091,23054.743.93$4,829
Apr 20091,23346.773.59$4,423
Mar 20091,19442.144.06$4,846
Feb 20091,10132.814.63$5,101
Jan 20091,16935.865.37$6,279
Dec 20081,19737.105.98$7,155
Nov 20081,20355.496.86$8,253
Oct 20081,26175.246.92$8,729
Sep 20081,228101.767.88$9,673
Aug 20081,220114.228.48$10,349
Jul 20081,216131.0811.39$13,850
Jun 20081,193131.3313.03$15,548
May 20081,236123.1711.57$14,306
Apr 20081,219110.3110.45$12,744
Mar 20081,267101.909.66$12,244
Feb 20081,23592.538.77$10,832
Jan 20081,25390.388.21$10,282
Dec 200795188.337.30$6,944
Nov 20071,05991.677.29$7,722
Oct 20071,11682.856.92$7,725
Sep 20071,13275.846.24$7,068
Aug 20071,30369.066.39$8,323
Jul 20071,30870.906.39$8,355
Jun 20071,27962.007.55$9,654
May 20071,29658.747.85$10,169
Apr 20071,24359.617.81$9,702
Mar 20071,25456.927.30$9,157
Feb 20071,07855.108.22$8,857
Jan 20071,36950.306.73$9,209
Dec 20061,22156.656.92$8,447
Nov 20061,29754.207.62$9,880
Oct 20061,32954.906.01$7,992
Sep 20061,28960.085.04$6,493
Aug 20061,36168.717.34$9,990
Jul 20061,44869.376.34$9,184
Jun 20061,37466.286.38$8,771
May 20061,41766.016.42$9,104
Apr 20061,38564.397.36$10,194
Mar 20061,48756.707.08$10,532
Feb 20061,07057.597.75$8,294
Jan 20061,40060.598.93$12,507
Dec 20051,36054.9413.42$18,245
Nov 20051,33054.6910.59$14,083
Oct 20051,39558.3413.80$19,245
Sep 20051,36761.4512.08$16,512
Aug 20051,45161.519.80$14,215
Jul 20051,49455.697.84$11,718
Jun 20051,55152.337.38$11,448
May 20051,19345.226.65$7,935
Apr 20051,43549.207.36$10,562
Mar 20051,52550.377.15$10,911
Feb 20051,43745.226.31$9,070
Jan 20051,53143.166.32$9,679
Dec 20041,63339.866.75$11,025
Nov 20041,62245.286.33$10,268
Oct 20041,79049.706.52$11,662
Sep 20042,34543.245.28$12,391
Aug 20041,21242.375.55$6,727
Jul 200487838.286.08$5,342
Jun 20041,24036.106.43$7,977
May 20041,89837.486.49$12,327
Apr 2004034.475.86$0
Mar 200469434.365.53$3,838
Feb 200470532.455.51$3,884
Jan 20041,01432.036.30$6,388
Dec 200392330.266.30$5,816
Nov 20031,13828.804.60$5,229
Oct 20031,32428.174.76$6,302
Sep 20031,31226.314.75$6,231
Aug 20031,53029.765.13$7,848
Jul 20031,53129.415.17$7,917
Jun 20031,40528.565.98$8,406
May 20031,45226.595.97$8,672
Apr 20031,54026.675.41$8,327
Mar 200395831.146.10$5,840
Feb 200342033.487.93$3,329
Jan 20031,30930.315.58$7,307
Dec 20021,11526.914.85$5,412
Nov 20021,41124.664.14$5,837
Oct 20021,32026.464.23$5,582
Sep 20021,52227.443.64$5,533
Aug 20021,74625.963.16$5,525
Jul 20021,78624.583.06$5,468
Jun 20021,88723.733.34$6,299
May 20021,21924.663.58$4,369
Apr 20021,22023.653.51$4,285
Mar 200290122.003.10$2,796
Feb 20021,24818.222.38$2,965
Jan 20021,39417.172.38$3,312
Dec 20011,29416.932.36$3,060
Nov 20011,51718.072.41$3,649
Oct 20011,39919.782.53$3,538
Sep 20011,42824.262.25$3,215
Aug 20011,62724.873.05$4,967
Jul 20011,87323.933.20$5,988
Jun 20011,53324.563.82$5,862
May 20011,42225.524.31$6,125
Apr 20011,11324.685.34$5,938
Mar 20011,03124.545.38$5,543
Feb 200153927.755.77$3,108
Jan 200179727.478.40$6,694
Dec 200083826.889.12$7,645
Nov 20001,30132.215.66$7,361
Oct 20001,53931.235.15$7,919
Sep 20001,34231.875.19$6,960
Aug 20001,53829.644.54$6,984
Jul 20001,57728.534.09$6,450
Jun 20001,42329.304.40$6,257
May 20001,50727.263.68$5,545
Apr 20001,07524.513.12$3,350
Mar 20001,36028.422.86$3,889
Feb 20001,23227.622.73$3,359
Jan 20001,61725.272.48$4,011
Dec 19991,25724.282.42$3,047
Nov 19991,59823.192.43$3,890
Oct 19991,48620.982.80$4,166
Sep 19991,64621.752.62$4,311
Aug 19991,65219.262.88$4,750
Jul 19991,87217.892.37$4,441
Jun 199997315.942.36$2,298
May 19991,73115.792.32$4,018
Apr 19991,56715.102.21$3,460
Mar 19991,01612.471.84$1,868
Feb 19998109.981.82$1,472
Jan 19991,00010.381.90$1,900
Dec 19981,3309.201.77$2,359
Nov 19981,41610.892.19$3,095
Oct 19981,56812.421.97$3,088
Sep 19981,74012.592.08$3,624
Aug 19981,76611.301.91$3,368
Jul 19981,90111.742.24$4,253
Jun 19981,06911.242.24$2,392
May 199846112.622.21$1,017
Apr 19981,38813.042.51$3,477
Mar 19981,38812.802.31$3,206
Feb 19981,02613.952.30$2,359
Jan 19981,21014.702.15$2,607
Dec 19971,44716.322.41$3,489
Nov 19971,48018.193.09$4,571
Oct 19971,52319.253.15$4,797
Sep 19971,55717.742.95$4,601
Aug 19971,78717.862.55$4,565
Jul 19971,69917.582.25$3,818
Jun 19971,81517.242.26$4,097
May 19971,71518.972.31$3,959
Apr 19971,54817.882.08$3,224
Mar 19971,58218.951.94$3,068
Feb 19971,51620.492.21$3,344
Jan 199795323.483.54$3,373
Dec 19961,63123.32$0
Nov 19961,48621.97$0
Oct 19961,71223.31$0
Sep 19962,71722.22$0
Aug 19961,42920.26$0
Jul 19961,94619.55$0
Jun 19961,84318.73$0
May 19961,82919.43$0
Apr 19961,79021.51$0
Mar 19961,86319.38$0
Feb 19961,25216.98$0
Jan 19961,50117.07$0
Dec 19951,63717.19$0
Nov 19951,83416.00$0
Oct 19951,86015.43$0
Sep 19951,58316.18$0
Aug 199595115.92$0
Jul 19951,17415.24$0
Jun 19951,68816.41$0
May 19951,54517.56$0
Apr 19951,88917.73$0
Mar 19952,02516.44$0
Feb 19951,66616.58$0
Jan 19951,66215.92$0
Dec 19941,75515.03$0
Nov 19941,85515.90$0
Oct 19941,95815.58$0
Sep 19941,97815.29$0
Aug 19942,00616.13$0
Jul 19942,10417.56$0
Jun 19942,20317.09$0
May 19941,83615.88$0
Apr 19941,96214.14$0
Mar 19942,00312.46$0
Feb 19941,88712.50$0
Jan 19942,12612.66$0
Dec 19932,10812.33$0
Nov 19932,02814.49$0
Oct 19932,09615.85$0
Sep 19932,07615.03$0
Aug 19932,31015.66$0
Jul 19932,30915.46$0
Jun 19932,07016.79$0
May 19932,74217.68$0
Apr 19932,73618.05$0
Mar 19932,80418.14$0
Feb 19932,81417.90$0
Jan 19933,23016.93$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                  750 Mcf  × $  2.87 =     $2,152

────────────────────────────────────────────────────
Month total                                   $2,152

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/54549 is the state's own key, not one this site invented.