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 59586District 10Field 68831200Hydrogen sulphide fieldNGPA filingGasSaveExport
Value, all time
$196 k
Jan 1993 – May 2026
Value, last 12 filed months
$4 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
GasProduction73,154 Mcf$195,532
Total$195,532

21,356 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 35.5538, -101.9580. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

35.55375, -101.95801 · 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
2,159 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 2,159 ft.

Completions filed
Jun 1974
1 of 1 wells

1 well

42-3753019982R2,159 ftJun 1974

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 202610098.932.87$287
Mar 202610289.753.15$321
Feb 20268863.503.75$330
Jan 202611059.138.00$880
Dec 202510556.664.41$463
Nov 202510058.593.93$393
Oct 202510159.383.30$334
Sep 20259662.743.08$295
Aug 20259463.933.01$283
Jul 20258366.743.32$275
Jun 20256066.483.13$188
May 20258760.553.23$281
Apr 20258262.363.54$291
Mar 20257467.704.27$316
Feb 20256870.884.34$295
Jan 20259774.324.28$415
Dec 20249968.993.12$309
Nov 202410469.052.20$229
Oct 20246471.372.28$146
Sep 20247769.612.36$182
Aug 20248275.632.06$169
Jul 20248979.932.15$191
Jun 20249278.082.63$242
May 20249978.812.20$218
Apr 202410284.451.66$169
Mar 202410480.301.55$161
Feb 20249976.091.78$177
Jan 202411573.023.30$379
Dec 202313271.262.61$345
Nov 20239777.892.81$272
Oct 20239985.443.09$306
Sep 202310389.042.74$282
Aug 202310980.522.67$291
Jul 20231574.852.64$40
Jun 20235268.962.26$117
May 20234170.622.23$91
Apr 2023078.122.24$0
Mar 20231272.852.39$29
Feb 2023975.112.47$22
Jan 20231376.533.39$44
Dec 20228976.415.73$510
Nov 202211085.005.65$621
Oct 202210687.185.86$622
Sep 20229784.888.16$792
Aug 20229794.529.13$885
Jul 2022112101.587.54$845
Jun 2022116115.097.98$925
May 2022136109.378.43$1,147
Apr 202275104.226.84$513
Mar 20220108.885.08$0
Feb 20221191.054.86$53
Jan 20226881.844.54$309
Dec 202111771.323.90$456
Nov 202110877.435.24$566
Oct 202111079.795.71$629
Sep 202110969.865.35$583
Aug 202111366.024.22$477
Jul 20218370.783.98$331
Jun 20219469.493.38$318
May 202111063.483.02$332
Apr 20216060.362.76$166
Mar 202112361.302.72$334
Feb 2021857.805.55$44
Jan 2021450.412.81$11
Dec 20206244.642.68$166
Nov 20201138.772.71$30
Oct 20209736.972.48$240
Sep 202010337.091.99$205
Aug 20207439.982.39$177
Jul 20209438.371.83$172
Jun 202010834.901.69$183
May 202012916.921.81$234
Apr 20209314.751.80$168
Mar 20203830.341.86$71
Feb 20203949.881.98$77
Jan 20205457.252.09$113
Dec 20196659.012.30$152
Nov 2019255.302.75$6
Oct 2019053.472.42$0
Sep 2019455.052.66$11
Aug 20192353.112.30$53
Jul 2019056.272.46$0
Jun 2019352.782.49$7
May 2019958.482.74$25
Apr 2019062.632.75$0
Mar 20191356.803.06$40
Feb 2019950.852.79$25
Jan 20191646.033.23$52
Dec 2018046.594.19$0
Nov 2018052.934.24$0
Oct 20184161.443.40$139
Sep 20184659.543.11$143
Aug 20187259.403.07$221
Jul 20185965.142.93$173
Jun 20185660.183.08$172
May 20186165.382.90$177
Apr 20184563.842.90$131
Mar 20181361.222.79$36
Feb 20183361.782.77$91
Jan 20184362.874.01$172
Dec 20179457.272.92$275
Nov 20176955.423.12$215
Oct 20174249.292.98$125
Sep 20172847.523.09$86
Aug 2017645.373.00$18
Jul 2017043.873.09$0
Jun 20176242.493.09$191
May 2017445.373.26$13
Apr 20173647.933.21$116
Mar 20174246.772.98$125
Feb 20174550.452.95$133
Jan 20174149.413.42$140
Dec 20165048.763.72$186
Nov 20165742.492.64$151
Oct 20162646.193.09$80
Sep 20162641.553.10$81
Aug 20163041.442.92$88
Jul 20165141.622.92$149
Jun 20166445.352.69$172
May 20167442.521.99$147
Apr 20167036.561.99$139
Mar 20166933.011.79$124
Feb 20168026.472.06$165
Jan 20168727.352.36$206
Dec 20157432.362.00$148
Nov 20154238.792.17$91
Oct 20154443.552.43$107
Sep 20152642.992.76$72
Aug 20151840.162.87$52
Jul 20152748.152.95$80
Jun 20154356.152.88$124
May 20154655.212.96$136
Apr 20156849.822.71$184
Mar 20155442.892.93$158
Feb 20157244.662.98$214
Jan 20158643.433.10$267
Dec 20147854.693.59$280
Nov 20144970.464.25$208
Oct 20147278.303.90$281
Sep 20144486.164.05$178
Aug 20143689.394.04$145
Jul 20145396.564.18$222
Jun 20147198.164.74$336
May 20148194.734.73$383
Apr 20146395.944.81$303
Mar 20146395.895.06$319
Feb 20145997.406.19$365
Jan 20149190.404.86$442
Dec 20137491.824.35$322
Nov 20137088.853.74$262
Oct 20135697.423.78$212
Sep 201370104.113.72$260
Aug 201376104.253.52$268
Jul 201356102.523.72$208
Jun 20136394.403.93$248
May 20134594.834.15$187
Apr 20138293.964.28$351
Mar 20138593.623.91$333
Feb 20137691.233.42$260
Jan 20138491.603.42$287
Dec 20127786.773.42$263
Nov 20128486.953.62$305
Oct 20127589.383.40$255
Sep 20126794.672.92$196
Aug 20126192.662.91$177
Jul 20126185.133.02$184
Jun 20126279.822.52$156
May 20126091.612.49$149
Apr 201263101.652.00$126
Mar 201267105.052.22$149
Feb 201245101.102.57$116
Jan 20127198.092.73$194
Dec 20119096.873.24$292
Nov 20117195.723.31$235
Oct 20116384.983.65$230
Sep 20116183.623.99$243
Aug 20115683.404.15$232
Jul 20115694.144.52$253
Jun 20118092.904.64$371
May 20117898.134.40$344
Apr 201184105.964.33$364
Mar 20113796.364.06$150
Feb 20112685.644.18$109
Jan 201110186.504.59$463
Dec 201011985.734.35$517
Nov 201010580.843.80$399
Oct 201011678.103.51$407
Sep 201011272.633.98$446
Aug 201012373.684.42$544
Jul 201012172.554.74$573
Jun 20109570.364.91$466
May 201011171.124.24$470
Apr 201014381.694.12$590
Mar 201011378.394.39$496
Feb 20104573.585.44$245
Jan 20109174.365.96$543
Dec 200911171.445.48$609
Nov 200912874.593.75$480
Oct 200913472.544.11$551
Sep 200913165.543.06$401
Aug 200913367.423.22$428
Jul 200912761.133.46$440
Jun 20098166.163.90$316
May 200914054.743.93$550
Apr 200910746.773.59$384
Mar 200914942.144.06$605
Feb 200911832.814.63$547
Jan 200913335.865.37$714
Dec 200814237.105.98$849
Nov 200813655.496.86$933
Oct 200814875.246.92$1,024
Sep 2008149101.767.88$1,174
Aug 2008152114.228.48$1,289
Jul 2008156131.0811.39$1,777
Jun 2008144131.3313.03$1,877
May 2008149123.1711.57$1,725
Apr 2008138110.3110.45$1,443
Mar 2008119101.909.66$1,150
Feb 20084592.538.77$395
Jan 20084490.388.21$361
Dec 20075388.337.30$387
Nov 200710491.677.29$758
Oct 200711582.856.92$796
Sep 200712075.846.24$749
Aug 200711469.066.39$728
Jul 200715270.906.39$971
Jun 20079162.007.55$687
May 200712358.747.85$965
Apr 200711559.617.81$898
Mar 200713656.927.30$993
Feb 200710755.108.22$879
Jan 200715150.306.73$1,016
Dec 200611256.656.92$775
Nov 20068154.207.62$617
Oct 200611954.906.01$716
Sep 20069160.085.04$458
Aug 200613868.717.34$1,013
Jul 200612569.376.34$793
Jun 200614566.286.38$926
May 20068866.016.42$565
Apr 200614964.397.36$1,097
Mar 200614956.707.08$1,055
Feb 20069757.597.75$752
Jan 200613360.598.93$1,188
Dec 20057054.9413.42$939
Nov 20058354.6910.59$879
Oct 200511958.3413.80$1,642
Sep 200513961.4512.08$1,679
Aug 200511061.519.80$1,078
Jul 200513655.697.84$1,067
Jun 2005052.337.38$0
May 20054045.226.65$266
Apr 20057549.207.36$552
Mar 200514450.377.15$1,030
Feb 20056545.226.31$410
Jan 20055843.166.32$367
Dec 20045839.866.75$392
Nov 20049645.286.33$608
Oct 20049649.706.52$625
Sep 200413743.245.28$724
Aug 200420842.375.55$1,155
Jul 200415238.286.08$925
Jun 200415536.106.43$997
May 200414737.486.49$955
Apr 200410734.475.86$627
Mar 20046134.365.53$337
Feb 20049632.455.51$529
Jan 20046532.036.30$409
Dec 20039130.266.30$573
Nov 200313428.804.60$616
Oct 20032128.174.76$100
Sep 20037326.314.75$347
Aug 200313729.765.13$703
Jul 200313029.415.17$672
Jun 200312828.565.98$766
May 200310626.595.97$633
Apr 20038826.675.41$476
Mar 200313631.146.10$829
Feb 200317033.487.93$1,347
Jan 200315130.315.58$843
Dec 200219326.914.85$937
Nov 200219124.664.14$790
Oct 200214826.464.23$626
Sep 200219027.443.64$691
Aug 200220825.963.16$658
Jul 200220524.583.06$628
Jun 200219623.733.34$654
May 200220224.663.58$724
Apr 200224823.653.51$871
Mar 200224222.003.10$751
Feb 200226318.222.38$625
Jan 200223517.172.38$558
Dec 200122116.932.36$523
Nov 200126618.072.41$640
Oct 200126819.782.53$678
Sep 200129224.262.25$657
Aug 200127124.873.05$827
Jul 200127823.933.20$889
Jun 200131224.563.82$1,193
May 200128625.524.31$1,232
Apr 200127224.685.34$1,451
Mar 200124624.545.38$1,323
Feb 200122627.755.77$1,303
Jan 200123927.478.40$2,007
Dec 200023526.889.12$2,144
Nov 200024032.215.66$1,358
Oct 200028431.235.15$1,461
Sep 200019831.875.19$1,027
Aug 200027129.644.54$1,231
Jul 200028728.534.09$1,174
Jun 200030229.304.40$1,328
May 200029927.263.68$1,100
Apr 200022024.513.12$686
Mar 200031928.422.86$912
Feb 200030227.622.73$823
Jan 200037025.272.48$918
Dec 199935424.282.42$858
Nov 199936423.192.43$886
Oct 199942620.982.80$1,194
Sep 199942621.752.62$1,116
Aug 199944819.262.88$1,288
Jul 199948317.892.37$1,146
Jun 199949815.942.36$1,176
May 199951715.792.32$1,200
Apr 199950015.102.21$1,104
Mar 199973312.471.84$1,348
Feb 19997369.981.82$1,338
Jan 199959910.381.90$1,138
Dec 19987579.201.77$1,342
Nov 199874610.892.19$1,631
Oct 199871712.421.97$1,412
Sep 199862712.592.08$1,306
Aug 199867611.301.91$1,289
Jul 199861311.742.24$1,371
Jun 199869911.242.24$1,564
May 199868912.622.21$1,520
Apr 199859413.042.51$1,488
Mar 199858512.802.31$1,351
Feb 199851113.952.30$1,175
Jan 199851914.702.15$1,118
Dec 199753616.322.41$1,292
Nov 199748818.193.09$1,507
Oct 199748019.253.15$1,512
Sep 199753617.742.95$1,584
Aug 199759817.862.55$1,528
Jul 199756017.582.25$1,258
Jun 199762017.242.26$1,399
May 199756018.972.31$1,293
Apr 199744117.882.08$919
Mar 199752718.951.94$1,022
Feb 199746120.492.21$1,017
Jan 199747823.483.54$1,692
Dec 199652223.32$0
Nov 199638321.97$0
Oct 199647123.31$0
Sep 199642822.22$0
Aug 199645920.26$0
Jul 199649119.55$0
Jun 199655418.73$0
May 199653419.43$0
Apr 199649221.51$0
Mar 199642719.38$0
Feb 199640616.98$0
Jan 199642217.07$0
Dec 199539117.19$0
Nov 199542816.00$0
Oct 199550315.43$0
Sep 199538516.18$0
Aug 199529715.92$0
Jul 199529615.24$0
Jun 199535816.41$0
May 199532117.56$0
Apr 199538517.73$0
Mar 199537516.44$0
Feb 199530216.58$0
Jan 199537315.92$0
Dec 199440315.03$0
Nov 199441715.90$0
Oct 199453315.58$0
Sep 199448615.29$0
Aug 199441316.13$0
Jul 199442817.56$0
Jun 199440917.09$0
May 199444615.88$0
Apr 199438514.14$0
Mar 199444012.46$0
Feb 199442512.50$0
Jan 199446412.66$0
Dec 199348212.33$0
Nov 199346014.49$0
Oct 199350815.85$0
Sep 199351715.03$0
Aug 199350215.66$0
Jul 199352915.46$0
Jun 199350116.79$0
May 199353017.68$0
Apr 199355118.05$0
Mar 199349018.14$0
Feb 199348417.90$0
Jan 199355016.93$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                  100 Mcf  × $  2.87 =       $287

────────────────────────────────────────────────────
Month total                                     $287

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/59586 is the state's own key, not one this site invented.