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 159979District 04Field 100431502 tax incentive programmesCondensateGasSave Export

Value, all time

$4.4 M

Sep 1996 – Oct 2011

Value, last 12 filed months

$52 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	1996-11-18	135583
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	6,694 bbl	$134,595
Gas	Production	1,784,606 Mcf	$4,231,594
Total			$4,366,189

521,314 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 26.6688, -99.1366. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

26.66883, -99.13656 · 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

11,140 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 11,140 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


42-50533455	3	11,140 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 (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	463	83.62	3.99	$1,845
Aug 2011	0	859	83.40	4.15	$3,564
Jul 2011	0	839	94.14	4.52	$3,790
Jun 2011	0	992	92.90	4.64	$4,603
May 2011	0	1,146	98.13	4.40	$5,048
Apr 2011	0	1,216	105.96	4.33	$5,269
Mar 2011	0	1,363	96.36	4.06	$5,530
Feb 2011	0	1,137	85.64	4.18	$4,753
Jan 2011	0	1,232	86.50	4.59	$5,653
Dec 2010	0	1,558	85.73	4.35	$6,774
Nov 2010	0	1,273	80.84	3.80	$4,831
Oct 2010	0	0	78.10	3.51	$0
Sep 2010	9	1,088	72.63	3.98	$4,983
Aug 2010	0	1,459	73.68	4.42	$6,448
Jul 2010	0	1,572	72.55	4.74	$7,446
Jun 2010	0	1,559	70.36	4.91	$7,655
May 2010	21	1,318	71.12	4.24	$7,076
Apr 2010	0	1,075	81.69	4.12	$4,432
Mar 2010	12	1,335	78.39	4.39	$6,800
Feb 2010	0	1,158	73.58	5.44	$6,302
Jan 2010	0	1,397	74.36	5.96	$8,332
Dec 2009	0	982	71.44	5.48	$5,385
Nov 2009	0	1,249	74.59	3.75	$4,686
Oct 2009	0	1,204	72.54	4.11	$4,949
Sep 2009	0	1,321	65.54	3.06	$4,049
Aug 2009	0	1,079	67.42	3.22	$3,473
Jul 2009	3	1,379	61.13	3.46	$4,961
Jun 2009	0	1,652	66.16	3.90	$6,435
May 2009	0	1,517	54.74	3.93	$5,955
Apr 2009	11	1,837	46.77	3.59	$7,105
Mar 2009	0	2,035	42.14	4.06	$8,260
Feb 2009	0	1,698	32.81	4.63	$7,867
Jan 2009	0	2,569	35.86	5.37	$13,798
Dec 2008	0	2,686	37.10	5.98	$16,055
Nov 2008	0	2,850	55.49	6.86	$19,552
Oct 2008	0	1,679	75.24	6.92	$11,622
Sep 2008	0	1,585	101.76	7.88	$12,485
Aug 2008	0	1,522	114.22	8.48	$12,911
Jul 2008	0	1,593	131.08	11.39	$18,143
Jun 2008	0	1,683	131.33	13.03	$21,934
May 2008	0	1,727	123.17	11.57	$19,989
Apr 2008	0	1,691	110.31	10.45	$17,679
Mar 2008	0	1,218	101.90	9.66	$11,771
Feb 2008	0	1,492	92.53	8.77	$13,086
Jan 2008	0	1,381	90.38	8.21	$11,332
Dec 2007	0	1,495	88.33	7.30	$10,916
Nov 2007	0	1,207	91.67	7.29	$8,801
Oct 2007	0	1,257	82.85	6.92	$8,701
Sep 2007	0	1,201	75.84	6.24	$7,499
Aug 2007	0	1,384	69.06	6.39	$8,841
Jul 2007	0	667	70.90	6.39	$4,261
Jun 2007	0	722	62.00	7.55	$5,450
May 2007	0	710	58.74	7.85	$5,571
Apr 2007	0	900	59.61	7.81	$7,025
Mar 2007	0	888	56.92	7.30	$6,484
Feb 2007	0	698	55.10	8.22	$5,735
Jan 2007	0	1,621	50.30	6.73	$10,904
Dec 2006	0	1,466	56.65	6.92	$10,142
Nov 2006	0	1,891	54.20	7.62	$14,405
Oct 2006	0	1,537	54.90	6.01	$9,243
Sep 2006	0	1,472	60.08	5.04	$7,415
Aug 2006	0	1,661	68.71	7.34	$12,192
Jul 2006	0	1,959	69.37	6.34	$12,425
Jun 2006	0	2,167	66.28	6.38	$13,834
May 2006	0	1,671	66.01	6.42	$10,736
Apr 2006	0	1,721	64.39	7.36	$12,667
Mar 2006	0	1,939	56.70	7.08	$13,734
Feb 2006	0	2,059	57.59	7.75	$15,960
Jan 2006	0	1,295	60.59	8.93	$11,569
Dec 2005	0	2,293	54.94	13.42	$30,762
Nov 2005	0	1,953	54.69	10.59	$20,679
Oct 2005	0	2,755	58.34	13.80	$38,007
Sep 2005	0	2,867	61.45	12.08	$34,630
Aug 2005	0	2,715	61.51	9.80	$26,598
Jul 2005	0	2,915	55.69	7.84	$22,864
Jun 2005	0	2,268	52.33	7.38	$16,740
May 2005	0	2,501	45.22	6.65	$16,635
Apr 2005	0	2,981	49.20	7.36	$21,942
Mar 2005	0	2,809	50.37	7.15	$20,098
Feb 2005	0	2,484	45.22	6.31	$15,679
Jan 2005	0	3,205	43.16	6.32	$20,263
Dec 2004	0	2,403	39.86	6.75	$16,223
Nov 2004	0	3,091	45.28	6.33	$19,567
Oct 2004	4	3,568	49.70	6.52	$23,445
Sep 2004	0	3,186	43.24	5.28	$16,835
Aug 2004	0	3,511	42.37	5.55	$19,488
Jul 2004	16	2,476	38.28	6.08	$15,677
Jun 2004	0	3,135	36.10	6.43	$20,168
May 2004	0	4,345	37.48	6.49	$28,219
Apr 2004	0	3,847	34.47	5.86	$22,538
Mar 2004	19	4,596	34.36	5.53	$26,069
Feb 2004	0	3,969	32.45	5.51	$21,868
Jan 2004	0	3,849	32.03	6.30	$24,247
Dec 2003	0	3,418	30.26	6.30	$21,539
Nov 2003	0	3,046	28.80	4.60	$13,997
Oct 2003	0	3,440	28.17	4.76	$16,373
Sep 2003	37	3,293	26.31	4.75	$16,613
Aug 2003	0	3,607	29.76	5.13	$18,503
Jul 2003	42	3,522	29.41	5.17	$19,447
Jun 2003	0	3,273	28.56	5.98	$19,582
May 2003	0	3,379	26.59	5.97	$20,182
Apr 2003	36	3,266	26.67	5.41	$18,620
Mar 2003	0	3,316	31.14	6.10	$20,214
Feb 2003	0	3,062	33.48	7.93	$24,269
Jan 2003	0	3,532	30.31	5.58	$19,716
Dec 2002	0	3,733	26.91	4.85	$18,119
Nov 2002	0	4,266	24.66	4.14	$17,648
Oct 2002	0	4,003	26.46	4.23	$16,929
Sep 2002	0	3,919	27.44	3.64	$14,246
Aug 2002	0	4,415	25.96	3.16	$13,970
Jul 2002	0	4,154	24.58	3.06	$12,719
Jun 2002	0	4,194	23.73	3.34	$14,001
May 2002	0	4,703	24.66	3.58	$16,856
Apr 2002	0	4,045	23.65	3.51	$14,207
Mar 2002	0	4,442	22.00	3.10	$13,782
Feb 2002	0	4,303	18.22	2.38	$10,223
Jan 2002	0	4,671	17.17	2.38	$11,097
Dec 2001	0	4,657	16.93	2.36	$11,011
Nov 2001	0	4,737	18.07	2.41	$11,395
Oct 2001	0	5,206	19.78	2.53	$13,165
Sep 2001	0	4,828	24.26	2.25	$10,869
Aug 2001	0	5,444	24.87	3.05	$16,621
Jul 2001	0	5,550	23.93	3.20	$17,744
Jun 2001	0	4,764	24.56	3.82	$18,218
May 2001	0	5,372	25.52	4.31	$23,139
Apr 2001	0	5,346	24.68	5.34	$28,523
Mar 2001	0	5,835	24.54	5.38	$31,372
Feb 2001	0	5,047	27.75	5.77	$29,106
Jan 2001	0	5,676	27.47	8.40	$47,671
Dec 2000	0	5,323	26.88	9.12	$48,559
Nov 2000	0	5,963	32.21	5.66	$33,739
Oct 2000	0	6,452	31.23	5.15	$33,199
Sep 2000	0	6,324	31.87	5.19	$32,799
Aug 2000	29	6,622	29.64	4.54	$30,928
Jul 2000	63	6,739	28.53	4.09	$29,358
Jun 2000	54	6,951	29.30	4.40	$32,147
May 2000	120	7,359	27.26	3.68	$30,350
Apr 2000	53	7,634	24.51	3.12	$25,087
Mar 2000	108	7,411	28.42	2.86	$24,263
Feb 2000	23	7,045	27.62	2.73	$19,843
Jan 2000	19	8,137	25.27	2.48	$20,664
Dec 1999	20	8,101	24.28	2.42	$20,120
Nov 1999	18	8,103	23.19	2.43	$20,140
Oct 1999	18	8,541	20.98	2.80	$24,324
Sep 1999	18	8,674	21.75	2.62	$23,107
Aug 1999	28	8,934	19.26	2.88	$26,230
Jul 1999	71	10,132	17.89	2.37	$25,307
Jun 1999	36	10,016	15.94	2.36	$24,233
May 1999	106	10,673	15.79	2.32	$26,446
Apr 1999	37	10,601	15.10	2.21	$23,966
Mar 1999	99	11,441	12.47	1.84	$22,267
Feb 1999	92	8,951	9.98	1.82	$17,189
Jan 1999	65	13,079	10.38	1.90	$25,524
Dec 1998	116	13,205	9.20	1.77	$24,484
Nov 1998	68	12,438	10.89	2.19	$27,927
Oct 1998	89	13,881	12.42	1.97	$28,440
Sep 1998	62	13,328	12.59	2.08	$28,538
Aug 1998	63	14,556	11.30	1.91	$28,475
Jul 1998	43	15,125	11.74	2.24	$34,344
Jun 1998	33	15,547	11.24	2.24	$35,154
May 1998	48	17,218	12.62	2.21	$38,595
Apr 1998	44	17,818	13.04	2.51	$45,214
Mar 1998	55	18,897	12.80	2.31	$44,345
Feb 1998	75	18,934	13.95	2.30	$44,578
Jan 1998	98	22,696	14.70	2.15	$50,346
Dec 1997	96	25,115	16.32	2.41	$62,122
Nov 1997	107	26,636	18.19	3.09	$84,205
Oct 1997	106	30,535	19.25	3.15	$98,220
Sep 1997	117	31,469	17.74	2.95	$95,063
Aug 1997	134	36,929	17.86	2.55	$96,737
Jul 1997	157	33,774	17.58	2.25	$78,648
Jun 1997	272	32,316	17.24	2.26	$77,633
May 1997	483	47,058	18.97	2.31	$117,796
Apr 1997	488	55,610	17.88	2.08	$124,549
Mar 1997	230	69,795	18.95	1.94	$139,701
Feb 1997	262	73,744	20.49	2.21	$168,040
Jan 1997	331	83,020	23.48	3.54	$301,638
Dec 1996	427	118,035	23.32	—	$9,958
Nov 1996	524	153,476	21.97	—	$11,512
Oct 1996	510	121,888	23.31	—	$11,888
Sep 1996	369	127,915	22.22	—	$8,199

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                  463 Mcf  × $  3.99 =     $1,845

────────────────────────────────────────────────────
Month total                                   $1,845

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/159979 is the state's own key, not one this site invented.