PALMYRA MINERALS, LTD.

Name: PALMYRA MINERALS, LTD. lease production and value, Sep 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 159967District 04Field 100431502 tax incentive programmesCondensateGasSave Export

Value, all time

$14.7 M

Sep 1996 – Oct 2011

Value, last 12 filed months

$91 k

at the published price for each month

Months reported

182

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	1996-11-14	135582
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	12,480 bbl	$366,001
Gas	Production	7,007,313 Mcf	$14,310,083
Total			$14,676,084

2,605,112 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 26.6723, -99.1422. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

26.67233, -99.14216 · 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

8,950 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

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 8,950 ft.

Plug dates filed

Oct 2011

1 of 1 wells

1 well


42-50533443	2	8,950 ft	—	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 (182)

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

182 months


Oct 2011	0	0	84.98	3.65	$0
Sep 2011	0	223	83.62	3.99	$889
Aug 2011	0	243	83.40	4.15	$1,008
Jul 2011	0	273	94.14	4.52	$1,233
Jun 2011	0	1,531	92.90	4.64	$7,104
May 2011	0	3,040	98.13	4.40	$13,391
Apr 2011	0	1,894	105.96	4.33	$8,207
Mar 2011	0	2,729	96.36	4.06	$11,072
Feb 2011	0	2,853	85.64	4.18	$11,925
Jan 2011	0	3,413	86.50	4.59	$15,662
Dec 2010	0	2,378	85.73	4.35	$10,339
Nov 2010	0	2,691	80.84	3.80	$10,213
Oct 2010	0	0	78.10	3.51	$0
Sep 2010	7	5,056	72.63	3.98	$20,629
Aug 2010	0	2,320	73.68	4.42	$10,253
Jul 2010	0	2,597	72.55	4.74	$12,301
Jun 2010	0	2,288	70.36	4.91	$11,235
May 2010	17	2,985	71.12	4.24	$13,851
Apr 2010	0	2,544	81.69	4.12	$10,488
Mar 2010	12	3,390	78.39	4.39	$15,818
Feb 2010	0	2,231	73.58	5.44	$12,142
Jan 2010	0	4,006	74.36	5.96	$23,892
Dec 2009	0	2,936	71.44	5.48	$16,100
Nov 2009	0	3,996	74.59	3.75	$14,991
Oct 2009	0	3,821	72.54	4.11	$15,705
Sep 2009	0	4,011	65.54	3.06	$12,293
Aug 2009	0	3,554	67.42	3.22	$11,439
Jul 2009	11	3,197	61.13	3.46	$11,748
Jun 2009	0	3,458	66.16	3.90	$13,469
May 2009	0	3,754	54.74	3.93	$14,737
Apr 2009	45	3,443	46.77	3.59	$14,456
Mar 2009	0	4,119	42.14	4.06	$16,719
Feb 2009	0	4,175	32.81	4.63	$19,343
Jan 2009	0	4,024	35.86	5.37	$21,613
Dec 2008	0	3,129	37.10	5.98	$18,702
Nov 2008	0	4,455	55.49	6.86	$30,563
Oct 2008	0	5,453	75.24	6.92	$37,746
Sep 2008	0	5,168	101.76	7.88	$40,709
Aug 2008	0	4,971	114.22	8.48	$42,169
Jul 2008	175	4,790	131.08	11.39	$77,494
Jun 2008	0	4,247	131.33	13.03	$55,350
May 2008	0	3,855	123.17	11.57	$44,619
Apr 2008	0	4,195	110.31	10.45	$43,858
Mar 2008	198	4,898	101.90	9.66	$67,511
Feb 2008	0	5,047	92.53	8.77	$44,265
Jan 2008	0	5,018	90.38	8.21	$41,176
Dec 2007	0	5,254	88.33	7.30	$38,365
Nov 2007	0	4,957	91.67	7.29	$36,145
Oct 2007	0	5,098	82.85	6.92	$35,288
Sep 2007	0	5,538	75.84	6.24	$34,580
Aug 2007	170	6,051	69.06	6.39	$50,394
Jul 2007	0	6,510	70.90	6.39	$41,585
Jun 2007	0	6,190	62.00	7.55	$46,725
May 2007	177	5,425	58.74	7.85	$52,963
Apr 2007	0	6,360	59.61	7.81	$49,641
Mar 2007	0	6,329	56.92	7.30	$46,214
Feb 2007	0	3,804	55.10	8.22	$31,254
Jan 2007	199	5,711	50.30	6.73	$48,427
Dec 2006	0	5,642	56.65	6.92	$39,034
Nov 2006	0	6,466	54.20	7.62	$49,255
Oct 2006	0	6,670	54.90	6.01	$40,112
Sep 2006	0	6,604	60.08	5.04	$33,266
Aug 2006	0	8,305	68.71	7.34	$60,958
Jul 2006	0	7,881	69.37	6.34	$49,987
Jun 2006	173	7,990	66.28	6.38	$62,474
May 2006	0	8,599	66.01	6.42	$55,249
Apr 2006	0	7,768	64.39	7.36	$57,176
Mar 2006	0	9,273	56.70	7.08	$65,680
Feb 2006	0	9,194	57.59	7.75	$71,264
Jan 2006	177	10,476	60.59	8.93	$104,310
Dec 2005	175	10,649	54.94	13.42	$152,475
Nov 2005	0	8,616	54.69	10.59	$91,230
Oct 2005	0	11,394	58.34	13.80	$157,189
Sep 2005	0	11,251	61.45	12.08	$135,901
Aug 2005	0	12,425	61.51	9.80	$121,726
Jul 2005	175	10,046	55.69	7.84	$88,543
Jun 2005	0	4,419	52.33	7.38	$32,617
May 2005	0	4,415	45.22	6.65	$29,365
Apr 2005	0	4,501	49.20	7.36	$33,130
Mar 2005	0	5,323	50.37	7.15	$38,085
Feb 2005	0	6,646	45.22	6.31	$41,949
Jan 2005	0	11,119	43.16	6.32	$70,297
Dec 2004	170	9,529	39.86	6.75	$71,107
Nov 2004	0	10,153	45.28	6.33	$64,273
Oct 2004	128	11,223	49.70	6.52	$79,481
Sep 2004	0	11,001	43.24	5.28	$58,128
Aug 2004	0	9,657	42.37	5.55	$53,603
Jul 2004	41	10,924	38.28	6.08	$68,033
Jun 2004	0	11,428	36.10	6.43	$73,517
May 2004	0	13,144	37.48	6.49	$85,365
Apr 2004	0	13,378	34.47	5.86	$78,374
Mar 2004	14	12,786	34.36	5.53	$71,189
Feb 2004	0	15,010	32.45	5.51	$82,699
Jan 2004	0	18,266	32.03	6.30	$115,069
Dec 2003	0	12,023	30.26	6.30	$75,765
Nov 2003	0	3,661	28.80	4.60	$16,823
Oct 2003	0	1,820	28.17	4.76	$8,663
Sep 2003	9	1,779	26.31	4.75	$8,686
Aug 2003	0	1,914	29.76	5.13	$9,818
Jul 2003	12	2,013	29.41	5.17	$10,762
Jun 2003	0	1,952	28.56	5.98	$11,679
May 2003	0	1,850	26.59	5.97	$11,049
Apr 2003	14	2,029	26.67	5.41	$11,345
Mar 2003	0	2,138	31.14	6.10	$13,033
Feb 2003	0	2,109	33.48	7.93	$16,716
Jan 2003	4	3,111	30.31	5.58	$17,487
Dec 2002	0	3,365	26.91	4.85	$16,333
Nov 2002	13	4,626	24.66	4.14	$19,458
Oct 2002	0	8,351	26.46	4.23	$35,317
Sep 2002	0	12,416	27.44	3.64	$45,135
Aug 2002	87	13,443	25.96	3.16	$44,794
Jul 2002	0	13,788	24.58	3.06	$42,216
Jun 2002	0	13,043	23.73	3.34	$43,541
May 2002	67	12,576	24.66	3.58	$46,725
Apr 2002	0	13,189	23.65	3.51	$46,324
Mar 2002	63	12,418	22.00	3.10	$39,916
Feb 2002	177	10,714	18.22	2.38	$28,678
Jan 2002	178	15,237	17.17	2.38	$39,255
Dec 2001	0	14,302	16.93	2.36	$33,816
Nov 2001	178	13,858	18.07	2.41	$36,552
Oct 2001	162	15,649	19.78	2.53	$42,779
Sep 2001	0	13,259	24.26	2.25	$29,850
Aug 2001	0	14,268	24.87	3.05	$43,562
Jul 2001	0	14,396	23.93	3.20	$46,025
Jun 2001	0	15,079	24.56	3.82	$57,665
May 2001	0	14,983	25.52	4.31	$64,537
Apr 2001	0	14,612	24.68	5.34	$77,960
Mar 2001	0	15,653	24.54	5.38	$84,157
Feb 2001	127	14,411	27.75	5.77	$86,634
Jan 2001	85	15,796	27.47	8.40	$135,002
Dec 2000	84	16,283	26.88	9.12	$150,800
Nov 2000	89	16,643	32.21	5.66	$97,033
Oct 2000	85	17,113	31.23	5.15	$90,709
Sep 2000	79	16,110	31.87	5.19	$86,072
Aug 2000	39	16,049	29.64	4.54	$74,030
Jul 2000	15	15,409	28.53	4.09	$63,447
Jun 2000	12	15,469	29.30	4.40	$68,373
May 2000	27	15,830	27.26	3.68	$58,986
Apr 2000	12	16,292	24.51	3.12	$51,060
Mar 2000	26	16,334	28.42	2.86	$47,450
Feb 2000	122	16,638	27.62	2.73	$48,733
Jan 2000	278	20,015	25.27	2.48	$56,672
Dec 1999	302	21,427	24.28	2.42	$59,266
Nov 1999	284	21,772	23.19	2.43	$59,579
Oct 1999	303	24,426	20.98	2.80	$74,840
Sep 1999	312	24,702	21.75	2.62	$71,477
Aug 1999	238	26,744	19.26	2.88	$81,489
Jul 1999	0	25,623	17.89	2.37	$60,787
Jun 1999	0	24,490	15.94	2.36	$57,848
May 1999	0	25,941	15.79	2.32	$60,210
Apr 1999	0	24,903	15.10	2.21	$54,987
Mar 1999	0	26,556	12.47	1.84	$48,819
Feb 1999	0	21,353	9.98	1.82	$38,815
Jan 1999	0	29,534	10.38	1.90	$56,113
Dec 1998	5	27,753	9.20	1.77	$49,261
Nov 1998	31	12,160	10.89	2.19	$26,916
Oct 1998	73	31,188	12.42	1.97	$62,322
Sep 1998	61	38,019	12.59	2.08	$79,947
Aug 1998	66	45,201	11.30	1.91	$86,960
Jul 1998	40	50,025	11.74	2.24	$112,389
Jun 1998	19	52,005	11.24	2.24	$116,563
May 1998	28	62,146	12.62	2.21	$137,469
Apr 1998	27	64,966	13.04	2.51	$163,113
Mar 1998	35	72,581	12.80	2.31	$168,069
Feb 1998	58	75,347	13.95	2.30	$174,042
Jan 1998	111	92,603	14.70	2.15	$201,172
Dec 1997	112	103,794	16.32	2.41	$252,086
Nov 1997	128	114,480	18.19	3.09	$355,872
Oct 1997	130	135,563	19.25	3.15	$429,502
Sep 1997	116	128,146	17.74	2.95	$380,714
Aug 1997	0	144,127	17.86	2.55	$368,207
Jul 1997	0	154,733	17.58	2.25	$347,676
Jun 1997	0	163,667	17.24	2.26	$369,429
May 1997	0	190,948	18.97	2.31	$440,803
Apr 1997	97	224,558	17.88	2.08	$469,439
Mar 1997	410	305,802	18.95	1.94	$600,762
Feb 1997	480	315,287	20.49	2.21	$705,327
Jan 1997	721	397,818	23.48	3.54	$1,425,085
Dec 1996	970	586,261	23.32	—	$22,620
Nov 1996	1,292	825,940	21.97	—	$28,385
Oct 1996	1,339	746,021	23.31	—	$31,212
Sep 1996	584	446,890	22.22	—	$12,976

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.

Sep 2011 — as filed, then multipliedworked

Condensate             0 bbl  × $ 83.62 =         $0
Gas                  223 Mcf  × $  3.99 =       $889

────────────────────────────────────────────────────
Month total                                     $889

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/159967 is the state's own key, not one this site invented.