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 156731District 04Field 548660052 tax incentive programmesCondensateGasSaveExport
Value, all time
$5.2 M
Dec 1995 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
366
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 Gas111996-05-16134630
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
CondensateDisposition69 bbl$1,406
GasProduction1,845,306 Mcf$5,209,717
Total$5,211,123

570,795 Mcf of this lease's gas, across 13 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 26.6685, -99.1218. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

26.66854, -99.12180 · 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
9,375 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 9,375 ft.

Completions filed
Jun 1996
1 of 1 wells

1 well

42-505333493 C9,375 ftJun 1996

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 (366)

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

366 months

May 202600106.413.05$0
Apr 20260098.932.87$0
Mar 20260089.753.15$0
Feb 20260063.503.75$0
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 20230085.443.09$0
Sep 20230089.042.74$0
Aug 20230080.522.67$0
Jul 20230074.852.64$0
Jun 20230068.962.26$0
May 202304270.622.23$94
Apr 2023024678.122.24$550
Mar 2023033472.852.39$799
Feb 2023026175.112.47$644
Jan 2023023276.533.39$786
Dec 2022027276.415.73$1,558
Nov 2022019785.005.65$1,112
Oct 2022027187.185.86$1,589
Sep 2022030284.888.16$2,465
Aug 2022032994.529.13$3,003
Jul 20220349101.587.54$2,632
Jun 20220304115.097.98$2,425
May 20220220109.378.43$1,855
Apr 20220354104.226.84$2,421
Mar 20220382108.885.08$1,939
Feb 2022035891.054.86$1,739
Jan 2022037981.844.54$1,720
Dec 2021030471.323.90$1,185
Nov 2021019077.435.24$995
Oct 2021024179.795.71$1,377
Sep 2021038469.865.35$2,055
Aug 2021036366.024.22$1,532
Jul 2021038670.783.98$1,537
Jun 2021035769.493.38$1,207
May 2021033163.483.02$999
Apr 2021033260.362.76$916
Mar 2021027061.302.72$734
Feb 2021019557.805.55$1,082
Jan 2021018350.412.81$514
Dec 2020118844.642.68$548
Nov 2020023038.772.71$623
Oct 2020130536.972.48$793
Sep 2020027837.091.99$554
Aug 2020024339.982.39$580
Jul 2020029738.371.83$542
Jun 2020019434.901.69$328
May 2020025316.921.81$459
Apr 2020023814.751.80$429
Mar 2020225130.341.86$527
Feb 2020020149.881.98$398
Jan 2020025557.252.09$534
Dec 2019025159.012.30$578
Nov 2019026355.302.75$723
Oct 2019021353.472.42$515
Sep 2019025655.052.66$680
Aug 2019021153.112.30$486
Jul 2019018056.272.46$443
Jun 2019021352.782.49$531
May 2019022458.482.74$614
Apr 2019019262.632.75$528
Mar 2019022256.803.06$680
Feb 2019016550.852.79$461
Jan 2019019346.033.23$623
Dec 2018023346.594.19$975
Nov 2018020252.934.24$856
Oct 2018024361.443.40$826
Sep 2018024559.543.11$761
Aug 2018017459.403.07$534
Jul 2018019365.142.93$566
Jun 2018017560.183.08$538
May 2018019465.382.90$563
Apr 2018022063.842.90$638
Mar 2018028261.222.79$786
Feb 2018031661.782.77$874
Jan 2018029762.874.01$1,191
Dec 2017026257.272.92$765
Nov 2017026055.423.12$811
Oct 2017025349.292.98$755
Sep 2017024447.523.09$753
Aug 2017026545.373.00$796
Jul 2017024243.873.09$747
Jun 2017023842.493.09$735
May 2017025145.373.26$819
Apr 2017020547.933.21$658
Mar 2017030546.772.98$910
Feb 2017025850.452.95$762
Jan 2017022949.413.42$783
Dec 2016028948.763.72$1,076
Nov 2016025742.492.64$680
Oct 2016025946.193.09$800
Sep 2016026541.553.10$822
Aug 2016034441.442.92$1,006
Jul 2016020341.622.92$594
Jun 2016018845.352.69$505
May 2016019942.521.99$396
Apr 2016019236.561.99$382
Mar 2016019833.011.79$355
Feb 2016016926.472.06$349
Jan 2016026327.352.36$622
Dec 2015036132.362.00$723
Nov 2015031238.792.17$676
Oct 2015035443.552.43$859
Sep 2015030142.992.76$830
Aug 2015039140.162.87$1,123
Jul 2015033448.152.95$984
Jun 2015034556.152.88$995
May 2015034555.212.96$1,020
Apr 2015034749.822.71$939
Mar 2015026442.892.93$775
Feb 2015015844.662.98$470
Jan 2015037143.433.10$1,150
Dec 2014034554.693.59$1,239
Nov 2014036470.464.25$1,548
Oct 2014037978.303.90$1,478
Sep 2014037586.164.05$1,517
Aug 2014040489.394.04$1,630
Jul 2014036796.564.18$1,534
Jun 2014015198.164.74$715
May 2014038394.734.73$1,810
Apr 2014034595.944.81$1,659
Mar 2014032795.895.06$1,654
Feb 2014027897.406.19$1,721
Jan 2014026190.404.86$1,269
Dec 2013025391.824.35$1,102
Nov 2013029488.853.74$1,099
Oct 2013027797.423.78$1,047
Sep 20130327104.113.72$1,216
Aug 20130409104.253.52$1,441
Jul 20130300102.523.72$1,115
Jun 2013040294.403.93$1,581
May 2013041294.834.15$1,709
Apr 2013027693.964.28$1,182
Mar 2013036293.623.91$1,416
Feb 2013027091.233.42$923
Jan 2013034291.603.42$1,170
Dec 2012039286.773.42$1,341
Nov 2012039986.953.62$1,446
Oct 2012040589.383.40$1,377
Sep 2012042794.672.92$1,246
Aug 2012041492.662.91$1,204
Jul 2012032585.133.02$982
Jun 2012035879.822.52$902
May 2012040591.612.49$1,008
Apr 20120398101.652.00$795
Mar 20120394105.052.22$876
Feb 20120392101.102.57$1,008
Jan 2012036998.092.73$1,009
Dec 2011038196.873.24$1,234
Nov 2011031995.723.31$1,056
Oct 2011030784.983.65$1,120
Sep 2011036683.623.99$1,459
Aug 2011036083.404.15$1,494
Jul 2011036094.144.52$1,626
Jun 2011037292.904.64$1,726
May 2011040098.134.40$1,762
Apr 20110370105.964.33$1,603
Mar 2011035996.364.06$1,457
Feb 2011030985.644.18$1,292
Jan 2011030686.504.59$1,404
Dec 2010034085.734.35$1,478
Nov 2010029380.843.80$1,112
Oct 2010032178.103.51$1,126
Sep 2010032572.633.98$1,293
Aug 2010033673.684.42$1,485
Jul 2010036872.554.74$1,743
Jun 2010036770.364.91$1,802
May 2010040771.124.24$1,724
Apr 2010042981.694.12$1,769
Mar 2010044278.394.39$1,940
Feb 2010044873.585.44$2,438
Jan 2010048874.365.96$2,910
Dec 2009052271.445.48$2,863
Nov 2009055374.593.75$2,075
Oct 2009052172.544.11$2,141
Sep 2009061265.543.06$1,876
Aug 2009060367.423.22$1,941
Jul 2009051661.133.46$1,788
Jun 2009026166.163.90$1,017
May 2009059754.743.93$2,344
Apr 2009011746.773.59$420
Mar 20090042.144.06$0
Feb 2009024832.814.63$1,149
Jan 2009036535.865.37$1,960
Dec 200801,34937.105.98$8,063
Nov 200801,19755.496.86$8,212
Oct 2008054475.246.92$3,766
Sep 200803,097101.767.88$24,395
Aug 200803,701114.228.48$31,396
Jul 20080844131.0811.39$9,613
Jun 200803,364131.3313.03$43,842
May 200802,975123.1711.57$34,434
Apr 200803,682110.3110.45$38,495
Mar 200801,839101.909.66$17,772
Feb 200801,10792.538.77$9,709
Jan 200804,10090.388.21$33,643
Dec 2007086688.337.30$6,324
Nov 2007067891.677.29$4,944
Oct 200702,95582.856.92$20,454
Sep 200702,70375.846.24$16,878
Aug 200704,06569.066.39$25,967
Jul 200702,28070.906.39$14,565
Jun 200702,78962.007.55$21,053
May 200701,37658.747.85$10,796
Apr 200704,10259.617.81$32,017
Mar 200702,20956.927.30$16,130
Feb 200704,40855.108.22$36,216
Jan 200701,81650.306.73$12,216
Dec 200603,95956.656.92$27,390
Nov 200604,08254.207.62$31,095
Oct 200603,97754.906.01$23,917
Sep 200603,13560.085.04$15,792
Aug 200604,42568.717.34$32,479
Jul 200602,60669.376.34$16,529
Jun 200604,45266.286.38$28,421
May 200605,04466.016.42$32,408
Apr 200604,95964.397.36$36,501
Mar 200604,70356.707.08$33,311
Feb 200604,65657.597.75$36,089
Jan 200605,29260.598.93$47,275
Dec 200505,30954.9413.42$71,222
Nov 200506,27654.6910.59$66,453
Oct 200506,05458.3413.80$83,520
Sep 200505,54261.4512.08$66,942
Aug 200505,18861.519.80$50,826
Jul 200506,19955.697.84$48,623
Jun 200505,16352.337.38$38,108
May 200507,17345.226.65$47,709
Apr 200504,72949.207.36$34,808
Mar 200506,15350.377.15$44,024
Feb 200507,15845.226.31$45,181
Jan 200507,71843.166.32$48,795
Dec 200406,92239.866.75$46,731
Nov 200405,58745.286.33$35,368
Oct 200407,96349.706.52$51,880
Sep 200405,72043.245.28$30,224
Aug 200406,73342.375.55$37,373
Jul 200406,93538.286.08$42,194
Jun 200406,94936.106.43$44,703
May 200405,32137.486.49$34,558
Apr 200405,71234.475.86$33,464
Mar 200406,22034.365.53$34,397
Feb 200405,92432.455.51$32,639
Jan 200406,51332.036.30$41,030
Dec 200305,89730.266.30$37,161
Nov 200307,09728.804.60$32,612
Oct 200307,05528.174.76$33,579
Sep 200305,91226.314.75$28,078
Aug 200306,59829.765.13$33,846
Jul 200305,24629.415.17$27,126
Jun 200305,58828.565.98$33,433
May 200306,36926.595.97$38,040
Apr 200316,77226.675.41$36,645
Mar 200307,51231.146.10$45,793
Feb 200306,97533.487.93$55,283
Jan 200306,82830.315.58$38,114
Dec 200207,73126.914.85$37,524
Nov 200207,16624.664.14$29,645
Oct 200208,05226.464.23$34,053
Sep 200208,01627.443.64$29,140
Aug 200205,64125.963.16$17,849
Jul 200217,79824.583.06$23,900
Jun 200217,54223.733.34$25,201
May 200208,93824.663.58$32,034
Apr 200204,85723.653.51$17,059
Mar 200208,83622.003.10$27,416
Feb 200218,27618.222.38$19,679
Jan 200207,03517.172.38$16,713
Dec 200108,07016.932.36$19,081
Nov 200109,14118.072.41$21,989
Oct 200106,80019.782.53$17,196
Sep 200108,94024.262.25$20,127
Aug 200107,80824.873.05$23,839
Jul 200107,94723.933.20$25,407
Jun 200108,19024.563.82$31,320
May 200109,46825.524.31$40,782
Apr 200118,95024.685.34$47,776
Mar 200139,92124.545.38$53,413
Feb 200108,62127.755.77$49,718
Jan 200109,30827.478.40$78,176
Dec 200019,27026.889.12$84,592
Nov 200019,97332.215.66$56,459
Oct 200019,73731.235.15$50,133
Sep 200019,07131.875.19$47,079
Aug 200009,59529.644.54$43,569
Jul 200009,78728.534.09$40,026
Jun 200009,88329.304.40$43,458
May 2000110,44627.263.68$38,466
Apr 2000110,25824.513.12$31,988
Mar 2000210,88628.422.86$31,188
Feb 2000210,84327.622.73$29,619
Jan 2000110,13925.272.48$25,175
Dec 1999111,69724.282.42$28,375
Nov 1999111,11523.192.43$27,077
Oct 1999111,47320.982.80$32,188
Sep 1999011,15321.752.62$29,208
Aug 1999011,80819.262.88$33,955
Jul 1999011,75017.892.37$27,875
Jun 1999011,50215.942.36$27,169
May 1999012,30715.792.32$28,565
Apr 1999013,33015.102.21$29,433
Mar 1999013,57212.471.84$24,950
Feb 1999011,1279.981.82$20,227
Jan 1999013,24810.381.90$25,171
Dec 1998013,4389.201.77$23,830
Nov 1998013,99310.892.19$30,585
Oct 1998011,52312.421.97$22,691
Sep 1998213,90812.592.08$28,990
Aug 1998215,09311.301.91$28,810
Jul 1998116,35511.742.24$36,602
Jun 1998114,71411.242.24$32,930
May 1998116,29912.622.21$35,974
Apr 1998515,87713.042.51$39,842
Mar 1998215,13012.802.31$34,967
Feb 1998315,05813.952.30$34,662
Jan 1998016,29114.702.15$35,104
Dec 1997019,21616.322.41$46,332
Nov 1997317,59418.193.09$54,389
Oct 1997316,18319.253.15$51,031
Sep 1997321,98917.742.95$65,028
Aug 1997220,80717.862.55$53,192
Jul 1997118,26117.582.25$41,049
Jun 1997320,05117.242.26$45,311
May 1997423,32118.972.31$53,912
Apr 1997421,26017.882.08$44,351
Mar 1997225,33918.951.94$49,174
Feb 1997119,21520.492.21$42,407
Jan 1997027,58023.483.54$97,625
Dec 1996028,03223.32$0
Nov 1996030,88021.97$0
Oct 1996028,00623.31$0
Sep 1996032,54022.22$0
Aug 1996035,96720.26$0
Jul 1996040,47519.55$0
Jun 1996040,07618.73$0
May 1996031,83419.43$0
Apr 1996050,00121.51$0
Mar 1996061,88719.38$0
Feb 1996074,19216.98$0
Jan 19960103,10817.07$0
Dec 1995013,79717.19$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 2023 — as filed, then multipliedworked
Condensate             0 bbl  × $ 70.62 =         $0
Gas                   42 Mcf  × $  2.23 =        $94

────────────────────────────────────────────────────
Month total                                      $94

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/156731 is the state's own key, not one this site invented.