PALMYRA MINERALS, LTD.

Operated by VARAS ENERGY OPERATING COMPANY, (P-5 102824) in the LOPENO (CONSOLIDATED) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 155715District 04Field 548660052 tax incentive programmesCondensateGasSaveExport
Value, all time
$3.4 M
Sep 1995 – May 2026
Value, last 12 filed months
$8 k
at the published price for each month
Months reported
369
no gaps in the span
Streams
2
condensate, 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 311 leases and 311 wells, and the rule below applies to all of them.

Discovered
2005-07-11
as the register files it
Field class
Gas
the register's own label
Between wells
0 ft
minimum
From a lease line
467 ft
minimum

A drilling unit in this field needs at least 20 acres. The field rule took effect on 2005-07-11.

The Commission's schedule remark for this field reads: THERE IS NO BETWEEN WELL SPACING. NO P-15 AND PLATS REQUIRED.

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
High Cost Gas111996-01-26133843
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
CondensateDisposition247 bbl$3,925
GasProduction3,416,049 Mcf$3,352,711
Total$3,356,636

2,171,339 Mcf of this lease's gas, across 16 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 26.6706, -99.1233. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

26.67057, -99.12330 · 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
11,230 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 11,230 ft.

1 well

42-50533323211,230 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 (369)

Volume × price = value, one row per cycle. The price columns are the same series published on the prices page — nothing here is modelled.

369 months

May 20260664106.413.05$2,022
Apr 2026086098.932.87$2,468
Mar 2026090889.753.15$2,860
Feb 2026018863.503.75$705
Jan 20260059.138.00$0
Dec 20250056.664.41$0
Nov 20250058.593.93$0
Oct 20250059.383.30$0
Sep 20250062.743.08$0
Aug 20250063.933.01$0
Jul 20250066.743.32$0
Jun 20250066.483.13$0
May 20250060.553.23$0
Apr 20250062.363.54$0
Mar 20250067.704.27$0
Feb 20250070.884.34$0
Jan 20250074.324.28$0
Dec 20240068.993.12$0
Nov 20240069.052.20$0
Oct 20240071.372.28$0
Sep 20240069.612.36$0
Aug 20240075.632.06$0
Jul 20240079.932.15$0
Jun 20240078.082.63$0
May 20240078.812.20$0
Apr 20240084.451.66$0
Mar 20240080.301.55$0
Feb 20240076.091.78$0
Jan 20240073.023.30$0
Dec 20230071.262.61$0
Nov 20230077.892.81$0
Oct 202302385.443.09$71
Sep 202302789.042.74$74
Aug 2023013180.522.67$350
Jul 2023013374.852.64$351
Jun 2023014868.962.26$334
May 2023015570.622.23$345
Apr 2023015878.122.24$354
Mar 2023015772.852.39$376
Feb 2023014275.112.47$350
Jan 2023016376.533.39$552
Dec 2022010676.415.73$607
Nov 2022020885.005.65$1,174
Oct 2022064487.185.86$3,776
Sep 2022039084.888.16$3,184
Aug 2022031394.529.13$2,857
Jul 20220384101.587.54$2,896
Jun 20220335115.097.98$2,672
May 20220361109.378.43$3,044
Apr 20220277104.226.84$1,894
Mar 20220264108.885.08$1,340
Feb 2022025191.054.86$1,220
Jan 2022023481.844.54$1,062
Dec 2021023471.323.90$912
Nov 2021026877.435.24$1,403
Oct 2021025379.795.71$1,446
Sep 2021027569.865.35$1,472
Aug 2021027866.024.22$1,173
Jul 2021028970.783.98$1,151
Jun 2021026569.493.38$896
May 2021027163.483.02$818
Apr 2021024660.362.76$679
Mar 2021026261.302.72$712
Feb 2021019557.805.55$1,082
Jan 2021018350.412.81$514
Dec 2020121644.642.68$623
Nov 2020027638.772.71$747
Oct 2020133736.972.48$872
Sep 2020035237.091.99$701
Aug 2020029639.982.39$706
Jul 2020028938.371.83$527
Jun 2020030234.901.69$510
May 2020031116.921.81$564
Apr 2020028214.751.80$509
Mar 2020227330.341.86$567
Feb 2020027249.881.98$539
Jan 2020126857.252.09$619
Dec 2019027359.012.30$629
Nov 2019016955.302.75$465
Oct 2019030753.472.42$742
Sep 2019035655.052.66$946
Aug 2019041953.112.30$966
Jul 20190056.272.46$0
Jun 2019027452.782.49$683
May 2019033858.482.74$926
Apr 2019032762.632.75$899
Mar 2019029156.803.06$891
Feb 2019027350.852.79$762
Jan 2019026346.033.23$849
Dec 2018029346.594.19$1,226
Nov 2018028152.934.24$1,191
Oct 2018031161.443.40$1,057
Sep 2018032159.543.11$998
Aug 2018016159.403.07$494
Jul 2018028865.142.93$844
Jun 2018025960.183.08$797
May 2018030465.382.90$882
Apr 2018029063.842.90$841
Mar 2018026961.222.79$750
Feb 2018023661.782.77$653
Jan 2018028162.874.01$1,127
Dec 2017021457.272.92$625
Nov 2017011655.423.12$362
Oct 20170049.292.98$0
Sep 2017025247.523.09$778
Aug 2017029545.373.00$886
Jul 2017030243.873.09$932
Jun 2017029642.493.09$914
May 2017027145.373.26$884
Apr 2017034047.933.21$1,092
Mar 2017029946.772.98$892
Feb 2017026850.452.95$791
Jan 2017030949.413.42$1,056
Dec 2016035748.763.72$1,329
Nov 2016034142.492.64$902
Oct 2016034546.193.09$1,066
Sep 2016035141.553.10$1,088
Aug 2016032341.442.92$945
Jul 2016024641.622.92$719
Jun 2016022545.352.69$604
May 2016023342.521.99$464
Apr 2016022936.561.99$456
Mar 2016021933.011.79$393
Feb 2016018126.472.06$374
Jan 2016029627.352.36$700
Dec 2015034232.362.00$684
Nov 2015033138.792.17$717
Oct 2015033643.552.43$815
Sep 2015028142.992.76$775
Aug 2015032940.162.87$945
Jul 2015030748.152.95$904
Jun 2015033356.152.88$960
May 2015032655.212.96$963
Apr 2015036149.822.71$977
Mar 2015018842.892.93$552
Feb 2015015444.662.98$458
Jan 2015031743.433.10$983
Dec 2014035654.693.59$1,279
Nov 2014038170.464.25$1,620
Oct 2014039578.303.90$1,541
Sep 2014034886.164.05$1,408
Aug 2014033789.394.04$1,360
Jul 2014034396.564.18$1,434
Jun 2014019298.164.74$909
May 2014045094.734.73$2,127
Apr 2014042295.944.81$2,029
Mar 2014042895.895.06$2,164
Feb 2014036397.406.19$2,248
Jan 2014034790.404.86$1,687
Dec 2013031491.824.35$1,367
Nov 2013037388.853.74$1,394
Oct 2013034497.423.78$1,300
Sep 20130424104.113.72$1,576
Aug 20130376104.253.52$1,325
Jul 20130343102.523.72$1,275
Jun 2013035594.403.93$1,396
May 2013043794.834.15$1,813
Apr 2013034693.964.28$1,482
Mar 2013037993.623.91$1,483
Feb 2013032591.233.42$1,111
Jan 2013031191.603.42$1,064
Dec 2012044786.773.42$1,529
Nov 2012037886.953.62$1,370
Oct 2012033289.383.40$1,129
Sep 2012037794.672.92$1,100
Aug 2012042792.662.91$1,242
Jul 2012047785.133.02$1,441
Jun 2012058379.822.52$1,469
May 2012054891.612.49$1,364
Apr 20120548101.652.00$1,094
Mar 20120521105.052.22$1,158
Feb 20120484101.102.57$1,244
Jan 2012048698.092.73$1,329
Dec 2011050396.873.24$1,630
Nov 2011043195.723.31$1,427
Oct 2011044184.983.65$1,609
Sep 2011047483.623.99$1,889
Aug 2011049883.404.15$2,066
Jul 2011049194.144.52$2,218
Jun 2011045392.904.64$2,102
May 2011044598.134.40$1,960
Apr 20110442105.964.33$1,915
Mar 2011040996.364.06$1,659
Feb 2011033585.644.18$1,400
Jan 2011035586.504.59$1,629
Dec 2010039085.734.35$1,696
Nov 2010041180.843.80$1,560
Oct 2010043578.103.51$1,526
Sep 2010040672.633.98$1,616
Aug 2010049773.684.42$2,196
Jul 2010044872.554.74$2,122
Jun 2010046970.364.91$2,303
May 2010049271.124.24$2,084
Apr 2010046381.694.12$1,909
Mar 2010051578.394.39$2,260
Feb 2010044673.585.44$2,427
Jan 2010046074.365.96$2,743
Dec 2009049971.445.48$2,736
Nov 2009047674.593.75$1,786
Oct 2009048272.544.11$1,981
Sep 2009046965.543.06$1,437
Aug 2009040967.423.22$1,316
Jul 2009047361.133.46$1,639
Jun 2009051666.163.90$2,010
May 2009042954.743.93$1,684
Apr 2009063746.773.59$2,285
Mar 2009053442.144.06$2,168
Feb 2009049132.814.63$2,275
Jan 2009049535.865.37$2,659
Dec 2008053137.105.98$3,174
Nov 2008044055.496.86$3,019
Oct 2008051775.246.92$3,579
Sep 20080644101.767.88$5,073
Aug 20080541114.228.48$4,589
Jul 20080451131.0811.39$5,137
Jun 20080514131.3313.03$6,699
May 20080612123.1711.57$7,083
Apr 20080626110.3110.45$6,545
Mar 20080531101.909.66$5,132
Feb 2008055292.538.77$4,841
Jan 2008046990.388.21$3,848
Dec 2007043888.337.30$3,198
Nov 2007045491.677.29$3,310
Oct 2007047182.856.92$3,260
Sep 2007057075.846.24$3,559
Aug 2007056369.066.39$3,596
Jul 2007054570.906.39$3,481
Jun 2007076362.007.55$5,759
May 2007063358.747.85$4,967
Apr 2007047759.617.81$3,723
Mar 2007041556.927.30$3,030
Feb 2007037355.108.22$3,065
Jan 2007039450.306.73$2,650
Dec 2006055156.656.92$3,812
Nov 2006046254.207.62$3,519
Oct 2006059854.906.01$3,596
Sep 2006061660.085.04$3,103
Aug 2006064068.717.34$4,698
Jul 2006064369.376.34$4,078
Jun 2006063566.286.38$4,054
May 2006069566.016.42$4,465
Apr 2006056664.397.36$4,166
Mar 2006060656.707.08$4,292
Feb 2006042757.597.75$3,310
Jan 2006053560.598.93$4,779
Dec 2005061354.9413.42$8,224
Nov 2005062254.6910.59$6,586
Oct 2005061958.3413.80$8,540
Sep 2005057161.4512.08$6,897
Aug 2005068061.519.80$6,662
Jul 2005060555.697.84$4,745
Jun 2005057952.337.38$4,274
May 2005058145.226.65$3,864
Apr 2005061949.207.36$4,556
Mar 2005057050.377.15$4,078
Feb 2005058945.226.31$3,718
Jan 2005058643.166.32$3,705
Dec 2004059139.866.75$3,990
Nov 2004056145.286.33$3,551
Oct 2004060849.706.52$3,961
Sep 2004058443.245.28$3,086
Aug 2004064442.375.55$3,575
Jul 2004071638.286.08$4,356
Jun 2004090736.106.43$5,835
May 2004044237.486.49$2,871
Apr 2004056934.475.86$3,333
Mar 2004051434.365.53$2,842
Feb 2004052032.455.51$2,865
Jan 2004057032.036.30$3,591
Dec 2003050930.266.30$3,208
Nov 2003052528.804.60$2,412
Oct 2003043928.174.76$2,089
Sep 2003051226.314.75$2,432
Aug 2003046629.765.13$2,390
Jul 2003065129.415.17$3,366
Jun 2003052328.565.98$3,129
May 2003052426.595.97$3,130
Apr 2003059026.675.41$3,190
Mar 2003056331.146.10$3,432
Feb 2003043033.487.93$3,408
Jan 2003059130.315.58$3,299
Dec 2002055526.914.85$2,694
Nov 2002060024.664.14$2,482
Oct 2002077426.464.23$3,273
Sep 2002069927.443.64$2,541
Aug 2002076525.963.16$2,421
Jul 2002072424.583.06$2,217
Jun 2002062623.733.34$2,090
May 2002068424.663.58$2,451
Apr 2002068723.653.51$2,413
Mar 2002074022.003.10$2,296
Feb 2002057418.222.38$1,364
Jan 2002060417.172.38$1,435
Dec 2001068016.932.36$1,608
Nov 2001063418.072.41$1,525
Oct 2001069919.782.53$1,768
Sep 2001075024.262.25$1,688
Aug 2001073324.873.05$2,238
Jul 2001074923.933.20$2,395
Jun 2001077224.563.82$2,952
May 2001081225.524.31$3,498
Apr 2001079024.685.34$4,215
Mar 2001087624.545.38$4,710
Feb 2001079127.755.77$4,562
Jan 2001088127.478.40$7,399
Dec 200001,48626.889.12$13,556
Nov 200001,28432.215.66$7,265
Oct 200001,37631.235.15$7,080
Sep 2000193931.875.19$4,902
Aug 200003,69629.644.54$16,783
Jul 200003,98628.534.09$16,302
Jun 200002,81829.304.40$12,391
May 200014,09527.263.68$15,096
Apr 200035,17024.513.12$16,183
Mar 200045,73228.422.86$16,506
Feb 200025,81327.622.73$15,904
Jan 200046,78125.272.48$16,921
Dec 199917,39924.282.42$17,957
Nov 199918,27123.192.43$20,155
Oct 1999211,09220.982.80$31,141
Sep 1999311,69521.752.62$30,693
Aug 1999111,21919.262.88$32,281
Jul 1999211,36217.892.37$26,991
Jun 1999211,91815.942.36$28,183
May 1999412,78815.792.32$29,744
Apr 1999313,45215.102.21$29,748
Mar 1999413,74812.471.84$25,323
Feb 1999214,1709.981.82$25,778
Jan 1999015,05110.381.90$28,596
Dec 1998017,8229.201.77$31,604
Nov 1998019,99410.892.19$43,701
Oct 1998019,25012.421.97$37,907
Sep 19981521,40312.592.08$44,763
Aug 19982622,87011.301.91$43,915
Jul 19981426,53011.742.24$59,519
Jun 19982227,84411.242.24$62,542
May 19981019,47212.622.21$43,088
Apr 19981624,09213.042.51$60,567
Mar 19981631,58212.802.31$73,142
Feb 19981131,58813.952.30$72,778
Jan 1998137,12814.702.15$80,018
Dec 1997144,61816.322.41$107,595
Nov 1997639,47218.193.09$122,009
Oct 1997845,02719.253.15$141,981
Sep 1997945,55717.742.95$134,775
Aug 1997848,30817.862.55$123,557
Jul 1997747,78117.582.25$107,484
Jun 1997554,08117.242.26$122,158
May 19971061,70018.972.31$142,624
Apr 1997861,38617.882.08$127,997
Mar 1997565,78918.951.94$127,669
Feb 1997458,31220.492.21$128,712
Jan 1997068,75323.483.54$243,365
Dec 1996073,95923.32$0
Nov 1996079,94321.97$0
Oct 1996080,32123.31$0
Sep 1996085,33122.22$0
Aug 1996096,05620.26$0
Jul 19960101,20819.55$0
Jun 19960109,66118.73$0
May 19960121,07819.43$0
Apr 19960166,28121.51$0
Mar 19960211,10219.38$0
Feb 19960253,32816.98$0
Jan 19960372,73117.07$0
Dec 19950201,72017.19$0
Nov 1995062,44816.00$0
Oct 1995075,64115.43$0
Sep 1995080,53116.18$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.

May 2026 — as filed, then multipliedworked
Condensate             0 bbl  × $106.41 =         $0
Gas                  664 Mcf  × $  3.05 =     $2,022

────────────────────────────────────────────────────
Month total                                   $2,022

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. 04/G/155715 is the state's own key, not one this site invented.