PALMER 28 AC.

Operated by JOE R. CHEATHAM OIL COMPANY (P-5 433276) in the LYTTON SPRINGS field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 1169District 01Field 56054001OilCasinghead gasSaveExport
Value, all time
$1.6 M
Jan 1993 – May 2026
Value, last 12 filed months
$45 k
at the published price for each month
Months reported
401
no gaps in the span
Streams
2
oil, casinghead 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 53 leases and 213 wells, and the rule below applies to all of them.

Discovered
1925-03-13
as the register files it
Field class
Oil
the register's own label
Between wells
300 ft
minimum
From a lease line
150 ft
minimum

A drilling unit in this field needs at least 2 acres.

The Commission's schedule remark for this field reads: LIMITED 1 WELL TO 2 ACRES

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
OilDisposition31,420 bbl$1,550,233
Casinghead gasProduction223 Mcf$888
Total$1,551,121

48 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 (5)

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.

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 5 wells
With a plug date
0.0%
0 of 5 wells
Median depth
no depth filed
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.
5100.0%

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.

5 wells

42-055002912
42-055002924
42-055002978
42-055002989
42-0550029910

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 2026430106.413.05$4,576
Apr 202653098.932.87$5,243
Mar 202648089.753.15$4,308
Feb 202682063.503.75$5,207
Jan 202683059.138.00$4,908
Dec 20250056.664.41$0
Nov 202580058.593.93$4,687
Oct 202551059.383.30$3,028
Sep 202579062.743.08$4,956
Aug 20250063.933.01$0
Jul 202555066.743.32$3,671
Jun 202568066.483.13$4,521
May 202566060.553.23$3,996
Apr 202556062.363.54$3,492
Mar 202564067.704.27$4,333
Feb 202558070.884.34$4,111
Jan 202562074.324.28$4,608
Dec 202472068.993.12$4,967
Nov 202472069.052.20$4,972
Oct 202443071.372.28$3,069
Sep 202480069.612.36$5,569
Aug 202457075.632.06$4,311
Jul 202467079.932.15$5,355
Jun 202466078.082.63$5,153
May 202470078.812.20$5,517
Apr 202470084.451.66$5,912
Mar 202459080.301.55$4,738
Feb 202459076.091.78$4,489
Jan 202473073.023.30$5,330
Dec 202381071.262.61$5,772
Nov 202366077.892.81$5,141
Oct 202369085.443.09$5,895
Sep 20230089.042.74$0
Aug 202345080.522.67$3,623
Jul 202382074.852.64$6,138
Jun 202378068.962.26$5,379
May 2023133070.622.23$9,392
Apr 20230078.122.24$0
Mar 202366072.852.39$4,808
Feb 202371075.112.47$5,333
Jan 202370076.533.39$5,357
Dec 202280076.415.73$6,113
Nov 202270085.005.65$5,950
Oct 202278087.185.86$6,800
Sep 202247084.888.16$3,989
Aug 202278094.529.13$7,373
Jul 2022810101.587.54$8,228
Jun 2022690115.097.98$7,941
May 2022710109.378.43$7,765
Apr 2022770104.226.84$8,025
Mar 2022700108.885.08$7,622
Feb 202257091.054.86$5,190
Jan 202281081.844.54$6,629
Dec 202170071.323.90$4,992
Nov 202170077.435.24$5,420
Oct 202164079.795.71$5,107
Sep 202164069.865.35$4,471
Aug 202175066.024.22$4,952
Jul 202178070.783.98$5,521
Jun 202180069.493.38$5,559
May 202183063.483.02$5,269
Apr 202181060.362.76$4,889
Mar 20210061.302.72$0
Feb 202183057.805.55$4,797
Jan 202183050.412.81$4,184
Dec 202081044.642.68$3,616
Nov 202071038.772.71$2,753
Oct 202081036.972.48$2,995
Sep 202078037.091.99$2,893
Aug 202078039.982.39$3,118
Jul 202080038.371.83$3,070
Jun 20200034.901.69$0
May 20200016.921.81$0
Apr 20200014.751.80$0
Mar 20200030.341.86$0
Feb 20200049.881.98$0
Jan 202075057.252.09$4,294
Dec 201982059.012.30$4,839
Nov 201982055.302.75$4,535
Oct 201953053.472.42$2,834
Sep 201981055.052.66$4,459
Aug 201980053.112.30$4,249
Jul 201964056.272.46$3,601
Jun 201972052.782.49$3,800
May 201975058.482.74$4,386
Apr 201964062.632.75$4,008
Mar 201967056.803.06$3,806
Feb 201980050.852.79$4,068
Jan 201982046.033.23$3,774
Dec 201878046.594.19$3,634
Nov 201883052.934.24$4,393
Oct 201882061.443.40$5,038
Sep 20180059.543.11$0
Aug 201880059.403.07$4,752
Jul 201881065.142.93$5,276
Jun 201873060.183.08$4,393
May 201881065.382.90$5,296
Apr 201871063.842.90$4,533
Mar 201871061.222.79$4,347
Feb 201865061.782.77$4,016
Jan 201877062.874.01$4,841
Dec 201768057.272.92$3,894
Nov 201768055.423.12$3,769
Oct 201781049.292.98$3,992
Sep 201776047.523.09$3,612
Aug 201768045.373.00$3,085
Jul 201762043.873.09$2,720
Jun 201782042.493.09$3,484
May 201770045.373.26$3,176
Apr 201775047.933.21$3,595
Mar 201778046.772.98$3,648
Feb 201776050.452.95$3,834
Jan 201768049.413.42$3,360
Dec 201683048.763.72$4,047
Nov 201661042.492.64$2,592
Oct 201669046.193.09$3,187
Sep 201686041.553.10$3,573
Aug 201682041.442.92$3,398
Jul 201682041.622.92$3,413
Jun 201639045.352.69$1,769
May 201683042.521.99$3,529
Apr 201681036.561.99$2,961
Mar 201681033.011.79$2,674
Feb 20160026.472.06$0
Jan 201685027.352.36$2,325
Dec 201572032.362.00$2,330
Nov 20150038.792.17$0
Oct 201584043.552.43$3,658
Sep 201584042.992.76$3,611
Aug 201542040.162.87$1,687
Jul 201581048.152.95$3,900
Jun 201579056.152.88$4,436
May 201583055.212.96$4,582
Apr 201576049.822.71$3,786
Mar 201583042.892.93$3,560
Feb 201584044.662.98$3,751
Jan 201586043.433.10$3,735
Dec 201483054.693.59$4,539
Nov 20140070.464.25$0
Oct 201482078.303.90$6,421
Sep 201479086.164.05$6,807
Aug 201461089.394.04$5,453
Jul 201482096.564.18$7,918
Jun 201481098.164.74$7,951
May 201465094.734.73$6,157
Apr 201470095.944.81$6,716
Mar 201485095.895.06$8,151
Feb 201465097.406.19$6,331
Jan 201472090.404.86$6,509
Dec 201387091.824.35$7,988
Nov 201386088.853.74$7,641
Oct 201369097.423.78$6,722
Sep 2013830104.113.72$8,641
Aug 2013750104.253.52$7,819
Jul 2013840102.523.72$8,612
Jun 201382094.403.93$7,741
May 201384094.834.15$7,966
Apr 201384093.964.28$7,893
Mar 201376093.623.91$7,115
Feb 201382091.233.42$7,481
Jan 201379091.603.42$7,236
Dec 201279086.773.42$6,855
Nov 201278086.953.62$6,782
Oct 201271089.383.40$6,346
Sep 201271094.672.92$6,722
Aug 201272092.662.91$6,672
Jul 201270085.133.02$5,959
Jun 201279079.822.52$6,306
May 201281091.612.49$7,420
Apr 2012780101.652.00$7,929
Mar 2012770105.052.22$8,089
Feb 2012660101.102.57$6,673
Jan 201276098.092.73$7,455
Dec 201184096.873.24$8,137
Nov 201167095.723.31$6,413
Oct 201181084.983.65$6,883
Sep 201181083.623.99$6,773
Aug 201162083.404.15$5,171
Jul 201177194.144.52$7,253
Jun 201162192.904.64$5,764
May 201174198.134.40$7,266
Apr 2011841105.964.33$8,905
Mar 201182196.364.06$7,906
Feb 201168185.644.18$5,828
Jan 201168186.504.59$5,887
Dec 201080185.734.35$6,863
Nov 201054180.843.80$4,369
Oct 201068178.103.51$5,314
Sep 201072172.633.98$5,233
Aug 201054173.684.42$3,983
Jul 201074172.554.74$5,373
Jun 201068170.364.91$4,789
May 201086171.124.24$6,121
Apr 2010110181.694.12$8,990
Mar 20100178.394.39$4
Feb 201074173.585.44$5,450
Jan 201084174.365.96$6,252
Dec 200969171.445.48$4,935
Nov 200982174.593.75$6,120
Oct 200985172.544.11$6,170
Sep 200946165.543.06$3,018
Aug 200980167.423.22$5,397
Jul 200983161.133.46$5,077
Jun 200974166.163.90$4,900
May 200980154.743.93$4,383
Apr 200976146.773.59$3,558
Mar 200979142.144.06$3,333
Feb 200972132.814.63$2,367
Jan 200974135.865.37$2,659
Dec 200877137.105.98$2,863
Nov 200881155.496.86$4,502
Oct 200880175.246.92$6,026
Sep 2008771101.767.88$7,843
Aug 2008751114.228.48$8,575
Jul 2008831131.0811.39$10,891
Jun 2008811131.3313.03$10,651
May 2008771123.1711.57$9,496
Apr 2008841110.3110.45$9,276
Mar 2008761101.909.66$7,754
Feb 200868192.538.77$6,301
Jan 200878190.388.21$7,058
Dec 200783188.337.30$7,339
Nov 200787191.677.29$7,983
Oct 200788182.856.92$7,298
Sep 200761175.846.24$4,632
Aug 200782169.066.39$5,669
Jul 200777170.906.39$5,466
Jun 200779162.007.55$4,906
May 200784158.747.85$4,942
Apr 200780159.617.81$4,777
Mar 200784156.927.30$4,789
Feb 200765155.108.22$3,590
Jan 200778150.306.73$3,930
Dec 200672156.656.92$4,086
Nov 200676154.207.62$4,127
Oct 200669154.906.01$3,794
Sep 200678160.085.04$4,691
Aug 200667168.717.34$4,611
Jul 200682169.376.34$5,695
Jun 200676166.286.38$5,044
May 200682166.016.42$5,419
Apr 200670164.397.36$4,515
Mar 2006153156.707.08$8,682
Feb 20060157.597.75$8
Jan 200665160.598.93$3,947
Dec 200570154.9413.42$3,859
Nov 200583154.6910.59$4,550
Oct 200580158.3413.80$4,681
Sep 200582161.4512.08$5,051
Aug 200584161.519.80$5,177
Jul 200576155.697.84$4,240
Jun 200577152.337.38$4,037
May 200578145.226.65$3,534
Apr 200576149.207.36$3,747
Mar 200579150.377.15$3,986
Feb 200582145.226.31$3,714
Jan 200581143.166.32$3,502
Dec 200482139.866.75$3,275
Nov 200478145.286.33$3,538
Oct 200475149.706.52$3,734
Sep 200484143.245.28$3,637
Aug 200480142.375.55$3,395
Jul 200483138.286.08$3,183
Jun 200484136.106.43$3,039
May 200480137.486.49$3,005
Apr 200481134.475.86$2,798
Mar 200481134.365.53$2,789
Feb 200479132.455.51$2,569
Jan 200473132.036.30$2,344
Dec 2003125130.266.30$3,789
Nov 200378128.804.60$2,251
Oct 200372128.174.76$2,033
Sep 200374126.314.75$1,952
Aug 200372129.765.13$2,148
Jul 200380129.415.17$2,358
Jun 200373128.565.98$2,091
May 2003156126.595.97$4,154
Apr 200375126.675.41$2,006
Mar 200380131.146.10$2,497
Feb 2003149133.487.93$4,996
Jan 200382130.315.58$2,491
Dec 2002141126.914.85$3,799
Nov 200278124.664.14$1,928
Oct 200278126.464.23$2,068
Sep 200274127.443.64$2,034
Aug 2002149125.963.16$3,871
Jul 200273124.583.06$1,797
Jun 200273123.733.34$1,736
May 2002147124.663.58$3,629
Apr 200273123.653.51$1,730
Mar 200284122.003.10$1,851
Feb 2002105118.222.38$1,915
Jan 200274117.172.38$1,273
Dec 200176116.932.36$1,289
Nov 200176118.072.41$1,376
Oct 200179119.782.53$1,565
Sep 200178124.262.25$1,895
Aug 200176124.873.05$1,893
Jul 200175123.933.20$1,798
Jun 200171124.563.82$1,748
May 200176125.524.31$1,944
Apr 200176124.685.34$1,881
Mar 200176124.545.38$1,870
Feb 200172127.755.77$2,004
Jan 2001165127.478.40$4,541
Dec 200076126.889.12$2,052
Nov 200079132.215.66$2,550
Oct 200075131.235.15$2,347
Sep 2000126131.875.19$4,021
Aug 200075129.644.54$2,228
Jul 2000149128.534.09$4,255
Jun 200074129.304.40$2,173
May 2000120127.263.68$3,275
Apr 200074124.513.12$1,817
Mar 2000143128.422.86$4,067
Feb 200076127.622.73$2,102
Jan 2000147125.272.48$3,717
Dec 199975124.282.42$1,823
Nov 199977123.192.43$1,788
Oct 199978120.982.80$1,639
Sep 199972121.752.62$1,569
Aug 1999149119.262.88$2,873
Jul 199976117.892.37$1,362
Jun 1999153115.942.36$2,441
May 199976115.792.32$1,202
Apr 199975115.102.21$1,135
Mar 199975112.471.84$937
Feb 19997419.981.82$740
Jan 199973110.381.90$760
Dec 19987919.201.77$729
Nov 199878110.892.19$852
Oct 199876112.421.97$946
Sep 199875112.592.08$946
Aug 199871111.301.91$804
Jul 199874111.742.24$871
Jun 199876111.242.24$856
May 199882112.622.21$1,037
Apr 199875113.042.51$981
Mar 199877112.802.31$988
Feb 1998141113.952.30$1,969
Jan 199879114.702.15$1,163
Dec 199774116.322.41$1,210
Nov 1997155118.193.09$2,823
Oct 199776119.253.15$1,466
Sep 199778117.742.95$1,387
Aug 199770117.862.55$1,253
Jul 1997121117.582.25$2,129
Jun 199772117.242.26$1,244
May 1997114118.972.31$2,165
Apr 199779117.882.08$1,415
Mar 1997148118.951.94$2,807
Feb 199777120.492.21$1,580
Jan 199773123.483.54$1,718
Dec 1996130123.32$3,032
Nov 199672121.97$1,582
Oct 1996143123.31$3,333
Sep 199699122.22$2,200
Aug 199655120.26$1,114
Jul 1996148119.55$2,893
Jun 199670118.73$1,311
May 199673119.43$1,418
Apr 1996145121.51$3,119
Mar 199670119.38$1,357
Feb 199674116.98$1,257
Jan 1996138117.07$2,356
Dec 199578117.19$1,341
Nov 1995148116.00$2,368
Oct 199573115.43$1,126
Sep 199579116.18$1,278
Aug 199577115.92$1,226
Jul 1995145115.24$2,210
Jun 1995141116.41$2,314
May 19950117.56$0
Apr 199574117.73$1,312
Mar 1995122116.44$2,006
Feb 1995100116.58$1,658
Jan 1995133115.92$2,117
Dec 199491115.03$1,368
Nov 199472115.90$1,145
Oct 199475115.58$1,169
Sep 1994137115.29$2,095
Aug 199475116.13$1,210
Jul 1994137117.56$2,406
Jun 199473117.09$1,248
May 1994120115.88$1,906
Apr 1994110114.14$1,555
Mar 199440112.46$498
Feb 199473112.50$913
Jan 1994101112.66$1,279
Dec 1993148112.33$1,825
Nov 199370114.49$1,014
Oct 1993101115.85$1,601
Sep 199358115.03$872
Aug 1993118115.66$1,848
Jul 1993138115.46$2,133
Jun 199373116.79$1,226
May 199362117.68$1,096
Apr 1993136118.05$2,455
Mar 1993113118.14$2,050
Feb 1993119117.90$2,130
Jan 1993141116.93$2,387

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.

May 2026 — as filed, then multipliedworked
Oil                   43 bbl  × $106.41 =     $4,576
Casinghead gas         0 Mcf  × $  3.05 =         $0

────────────────────────────────────────────────────
Month total                                   $4,576

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. 01/O/1169 is the state's own key, not one this site invented.