PALMYRA MINERALS, LTD.

Name: PALMYRA MINERALS, LTD. lease production and value, Apr 1996 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by EOG RESOURCES, INC. (P-5 253162) in the BOB WEST, NORTH (L-1,L-2,L-3) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 159712District 04Field 100431502 tax incentive programmesCondensateGasSave Export

Value, all time

$7.3 M

Apr 1996 – Feb 2012

Value, last 12 filed months

$13 k

at the published price for each month

Months reported

191

no gaps in the span

Streams

condensate, gas

The BOB WEST, NORTH (L-1,L-2,L-3) field

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 67 leases and 67 wells, and the rule below applies to all of them.

Discovered

1996-12-06

as the register files it

Field class

Gas

the register's own label

Between wells

1,200 ft

minimum

From a lease line

467 ft

minimum

A drilling unit in this field needs at least 40 acres. The field rule took effect on 1996-12-06.

The Commission's schedule remark for this field reads: “10-1. FOR TEST DUE 4-1 PRIOR TEST TO BE FILED.”

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.

Programme	Filings	With an approval date	Dated	Docket
High Cost Gas	1	1	1997-02-10	135581
NGPA	1	none	—	—

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.

Stream	Basis	Volume	Value
Condensate	Disposition	7,690 bbl	$164,316
Gas	Production	3,943,036 Mcf	$7,130,080
Total			$7,294,396

1,409,291 Mcf of this lease's gas, across 4 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 26.6699, -99.1384. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

26.66989, -99.13836 · centre of the wells drawn, derived⌘ or Ctrl + scroll to zoom

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

100.0%

1 of 1 wells

With a plug date

100.0%

1 of 1 wells

Median depth

14,000 ft

1 wells filed one

Completion to plug

15.1 years

median over 1 well

What the state filed about each well

On the RRC proration schedule

1100.0%

A plug date is filed

1100.0%

BothOn the schedule and plugged. Neither fact cancels the other.

1100.0%

NeitherNo plug date, and not on the schedule.

00.0%

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 14,000 ft.

Completions filed

Sep 1996

1 of 1 wells

Plug dates filed

Oct 2011

1 of 1 wells

Last completion to plug: a median of 15.1 years across the 1 well that filed both dates, with the middle half between 15.1 years and 15.1 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-50533386	1	14,000 ft	Sep 1996	Oct 2011	Yes

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 (191)

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

191 months


Feb 2012	0	0	101.10	2.57	$0
Jan 2012	0	0	98.09	2.73	$0
Dec 2011	0	0	96.87	3.24	$0
Nov 2011	0	0	95.72	3.31	$0
Oct 2011	69	120	84.98	3.65	$6,301
Sep 2011	0	133	83.62	3.99	$530
Aug 2011	0	180	83.40	4.15	$747
Jul 2011	0	176	94.14	4.52	$795
Jun 2011	0	222	92.90	4.64	$1,030
May 2011	0	361	98.13	4.40	$1,590
Apr 2011	0	235	105.96	4.33	$1,018
Mar 2011	0	288	96.36	4.06	$1,169
Feb 2011	0	241	85.64	4.18	$1,007
Jan 2011	0	351	86.50	4.59	$1,611
Dec 2010	0	405	85.73	4.35	$1,761
Nov 2010	0	310	80.84	3.80	$1,177
Oct 2010	0	0	78.10	3.51	$0
Sep 2010	8	320	72.63	3.98	$1,854
Aug 2010	0	404	73.68	4.42	$1,785
Jul 2010	0	325	72.55	4.74	$1,539
Jun 2010	0	448	70.36	4.91	$2,200
May 2010	9	661	71.12	4.24	$3,440
Apr 2010	0	234	81.69	4.12	$965
Mar 2010	6	0	78.39	4.39	$470
Feb 2010	0	1	73.58	5.44	$5
Jan 2010	0	0	74.36	5.96	$0
Dec 2009	0	35	71.44	5.48	$192
Nov 2009	0	2	74.59	3.75	$8
Oct 2009	0	193	72.54	4.11	$793
Sep 2009	0	337	65.54	3.06	$1,033
Aug 2009	0	328	67.42	3.22	$1,056
Jul 2009	8	350	61.13	3.46	$1,702
Jun 2009	0	443	66.16	3.90	$1,725
May 2009	0	544	54.74	3.93	$2,136
Apr 2009	22	455	46.77	3.59	$2,661
Mar 2009	0	417	42.14	4.06	$1,693
Feb 2009	0	365	32.81	4.63	$1,691
Jan 2009	0	474	35.86	5.37	$2,546
Dec 2008	0	455	37.10	5.98	$2,720
Nov 2008	0	468	55.49	6.86	$3,211
Oct 2008	0	387	75.24	6.92	$2,679
Sep 2008	0	448	101.76	7.88	$3,529
Aug 2008	0	395	114.22	8.48	$3,351
Jul 2008	0	368	131.08	11.39	$4,191
Jun 2008	0	363	131.33	13.03	$4,731
May 2008	0	506	123.17	11.57	$5,857
Apr 2008	0	476	110.31	10.45	$4,977
Mar 2008	0	384	101.90	9.66	$3,711
Feb 2008	0	427	92.53	8.77	$3,745
Jan 2008	0	545	90.38	8.21	$4,472
Dec 2007	0	584	88.33	7.30	$4,264
Nov 2007	0	510	91.67	7.29	$3,719
Oct 2007	0	491	82.85	6.92	$3,399
Sep 2007	0	479	75.84	6.24	$2,991
Aug 2007	0	613	69.06	6.39	$3,916
Jul 2007	0	997	70.90	6.39	$6,369
Jun 2007	0	884	62.00	7.55	$6,673
May 2007	0	741	58.74	7.85	$5,814
Apr 2007	0	676	59.61	7.81	$5,276
Mar 2007	0	715	56.92	7.30	$5,221
Feb 2007	0	444	55.10	8.22	$3,648
Jan 2007	0	1,016	50.30	6.73	$6,834
Dec 2006	0	846	56.65	6.92	$5,853
Nov 2006	0	920	54.20	7.62	$7,008
Oct 2006	0	1,161	54.90	6.01	$6,982
Sep 2006	0	1,036	60.08	5.04	$5,219
Aug 2006	0	1,227	68.71	7.34	$9,006
Jul 2006	0	1,207	69.37	6.34	$7,656
Jun 2006	0	1,142	66.28	6.38	$7,290
May 2006	0	1,238	66.01	6.42	$7,954
Apr 2006	0	1,024	64.39	7.36	$7,537
Mar 2006	0	1,167	56.70	7.08	$8,266
Feb 2006	0	1,057	57.59	7.75	$8,193
Jan 2006	0	1,294	60.59	8.93	$11,560
Dec 2005	0	1,435	54.94	13.42	$19,251
Nov 2005	0	1,317	54.69	10.59	$13,945
Oct 2005	0	1,388	58.34	13.80	$19,149
Sep 2005	0	1,248	61.45	12.08	$15,075
Aug 2005	0	1,677	61.51	9.80	$16,429
Jul 2005	2	1,463	55.69	7.84	$11,587
Jun 2005	0	1,566	52.33	7.38	$11,559
May 2005	0	1,642	45.22	6.65	$10,921
Apr 2005	0	1,638	49.20	7.36	$12,056
Mar 2005	0	1,657	50.37	7.15	$11,856
Feb 2005	0	1,747	45.22	6.31	$11,027
Jan 2005	0	2,131	43.16	6.32	$13,473
Dec 2004	4	2,042	39.86	6.75	$13,945
Nov 2004	0	2,335	45.28	6.33	$14,782
Oct 2004	6	2,499	49.70	6.52	$16,579
Sep 2004	0	2,268	43.24	5.28	$11,984
Aug 2004	0	2,425	42.37	5.55	$13,460
Jul 2004	14	2,392	38.28	6.08	$15,089
Jun 2004	0	2,654	36.10	6.43	$17,073
May 2004	0	2,825	37.48	6.49	$18,347
Apr 2004	0	2,819	34.47	5.86	$16,515
Mar 2004	23	3,015	34.36	5.53	$17,464
Feb 2004	0	2,586	32.45	5.51	$14,248
Jan 2004	0	2,571	32.03	6.30	$16,196
Dec 2003	0	2,374	30.26	6.30	$14,960
Nov 2003	0	2,360	28.80	4.60	$10,845
Oct 2003	0	2,432	28.17	4.76	$11,575
Sep 2003	14	2,487	26.31	4.75	$12,180
Aug 2003	0	2,874	29.76	5.13	$14,743
Jul 2003	7	2,763	29.41	5.17	$14,493
Jun 2003	0	2,827	28.56	5.98	$16,914
May 2003	0	3,066	26.59	5.97	$18,312
Apr 2003	5	2,901	26.67	5.41	$15,820
Mar 2003	0	2,479	31.14	6.10	$15,112
Feb 2003	0	2,321	33.48	7.93	$18,396
Jan 2003	0	2,514	30.31	5.58	$14,033
Dec 2002	0	3,338	26.91	4.85	$16,202
Nov 2002	0	3,704	24.66	4.14	$15,323
Oct 2002	0	3,582	26.46	4.23	$15,149
Sep 2002	0	3,470	27.44	3.64	$12,614
Aug 2002	0	3,579	25.96	3.16	$11,325
Jul 2002	0	3,984	24.58	3.06	$12,198
Jun 2002	0	3,969	23.73	3.34	$13,249
May 2002	0	4,193	24.66	3.58	$15,028
Apr 2002	0	3,490	23.65	3.51	$12,258
Mar 2002	0	4,005	22.00	3.10	$12,426
Feb 2002	0	3,908	18.22	2.38	$9,284
Jan 2002	0	4,026	17.17	2.38	$9,564
Dec 2001	0	4,652	16.93	2.36	$10,999
Nov 2001	0	4,466	18.07	2.41	$10,743
Oct 2001	0	5,210	19.78	2.53	$13,175
Sep 2001	0	4,794	24.26	2.25	$10,793
Aug 2001	0	4,763	24.87	3.05	$14,542
Jul 2001	0	5,106	23.93	3.20	$16,324
Jun 2001	0	4,616	24.56	3.82	$17,652
May 2001	0	4,819	25.52	4.31	$20,757
Apr 2001	0	5,152	24.68	5.34	$27,488
Mar 2001	0	8,540	24.54	5.38	$45,915
Feb 2001	3	15,074	27.75	5.77	$87,016
Jan 2001	22	6,909	27.47	8.40	$58,631
Dec 2000	17	15,818	26.88	9.12	$144,757
Nov 2000	13	7,911	32.21	5.66	$45,179
Oct 2000	12	7,933	31.23	5.15	$41,194
Sep 2000	11	7,358	31.87	5.19	$38,513
Aug 2000	6	7,276	29.64	4.54	$33,216
Jul 2000	3	6,423	28.53	4.09	$26,354
Jun 2000	2	6,531	29.30	4.40	$28,777
May 2000	5	6,651	27.26	3.68	$24,610
Apr 2000	2	6,793	24.51	3.12	$21,216
Mar 2000	9	7,108	28.42	2.86	$20,583
Feb 2000	2	14,906	27.62	2.73	$40,696
Jan 2000	1	19,643	25.27	2.48	$48,750
Dec 1999	0	19,060	24.28	2.42	$46,196
Nov 1999	0	8,569	23.19	2.43	$20,857
Oct 1999	0	8,653	20.98	2.80	$24,261
Sep 1999	0	8,623	21.75	2.62	$22,582
Aug 1999	1	10,130	19.26	2.88	$29,149
Jul 1999	6	19,044	17.89	2.37	$45,287
Jun 1999	3	17,009	15.94	2.36	$40,225
May 1999	9	19,288	15.79	2.32	$44,910
Apr 1999	3	20,077	15.10	2.21	$44,376
Mar 1999	8	20,878	12.47	1.84	$38,480
Feb 1999	8	17,182	9.98	1.82	$31,313
Jan 1999	6	24,872	10.38	1.90	$47,318
Dec 1998	25	25,515	9.20	1.77	$45,476
Nov 1998	70	26,168	10.89	2.19	$57,958
Oct 1998	90	26,768	12.42	1.97	$53,830
Sep 1998	67	28,939	12.59	2.08	$61,112
Aug 1998	66	30,593	11.30	1.91	$59,097
Jul 1998	68	32,597	11.74	2.24	$73,727
Jun 1998	95	34,081	11.24	2.24	$77,316
May 1998	140	38,951	12.62	2.21	$87,706
Apr 1998	132	41,014	13.04	2.51	$104,475
Mar 1998	168	44,566	12.80	2.31	$105,073
Feb 1998	170	44,949	13.95	2.30	$105,715
Jan 1998	0	52,961	14.70	2.15	$114,120
Dec 1997	0	60,197	16.32	2.41	$145,141
Nov 1997	0	64,122	18.19	3.09	$198,025
Oct 1997	0	74,466	19.25	3.15	$234,555
Sep 1997	6	75,681	17.74	2.95	$223,735
Aug 1997	57	91,375	17.86	2.55	$234,457
Jul 1997	76	104,602	17.58	2.25	$236,371
Jun 1997	105	112,242	17.24	2.26	$255,163
May 1997	159	137,062	18.97	2.31	$319,424
Apr 1997	291	162,315	17.88	2.08	$343,270
Mar 1997	633	190,862	18.95	1.94	$382,103
Feb 1997	720	210,756	20.49	2.21	$479,659
Jan 1997	772	279,091	23.48	3.54	$1,006,025
Dec 1996	941	377,500	23.32	—	$21,944
Nov 1996	1,028	436,613	21.97	—	$22,585
Oct 1996	871	301,233	23.31	—	$20,303
Sep 1996	591	293,945	22.22	—	$13,132
Aug 1996	0	0	20.26	—	$0
Jul 1996	0	0	19.55	—	$0
Jun 1996	0	0	18.73	—	$0
May 1996	0	0	19.43	—	$0
Apr 1996	0	0	21.51	—	$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.

Oct 2011 — as filed, then multipliedworked

Condensate            69 bbl  × $ 84.98 =     $5,864
Gas                  120 Mcf  × $  3.65 =       $438

────────────────────────────────────────────────────
Month total                                   $6,301

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/159712 is the state's own key, not one this site invented.