PALMYRA MINERALS, LTD.

Name: PALMYRA MINERALS, LTD. lease production and value, Nov 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 161464District 04Field 100431502 tax incentive programmesCondensateGasSave Export

Value, all time

$8.6 M

Nov 1996 – Oct 2011

Value, last 12 filed months

$21 k

at the published price for each month

Months reported

180

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	1997-03-14	136004
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	8,284 bbl	$171,887
Gas	Production	3,936,137 Mcf	$8,442,929
Total			$8,614,816

780,315 Mcf of this lease's gas, across 2 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 26.6710, -99.1447. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

26.67100, -99.14473 · 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

8,750 ft

1 wells filed one

Completion to plug

14.9 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 8,750 ft.

Completions filed

Nov 1996

1 of 1 wells

Plug dates filed

Oct 2011

1 of 1 wells

Last completion to plug: a median of 14.9 years across the 1 well that filed both dates, with the middle half between 14.9 years and 14.9 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-50533484	4	8,750 ft	Nov 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 (180)

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

180 months


Oct 2011	0	0	84.98	3.65	$0
Sep 2011	0	258	83.62	3.99	$1,028
Aug 2011	0	359	83.40	4.15	$1,490
Jul 2011	0	368	94.14	4.52	$1,662
Jun 2011	0	498	92.90	4.64	$2,311
May 2011	0	326	98.13	4.40	$1,436
Apr 2011	0	442	105.96	4.33	$1,915
Mar 2011	0	533	96.36	4.06	$2,163
Feb 2011	0	473	85.64	4.18	$1,977
Jan 2011	0	517	86.50	4.59	$2,372
Dec 2010	0	612	85.73	4.35	$2,661
Nov 2010	0	541	80.84	3.80	$2,053
Oct 2010	0	0	78.10	3.51	$0
Sep 2010	10	734	72.63	3.98	$3,647
Aug 2010	0	739	73.68	4.42	$3,266
Jul 2010	0	688	72.55	4.74	$3,259
Jun 2010	0	689	70.36	4.91	$3,383
May 2010	25	551	71.12	4.24	$4,112
Apr 2010	0	482	81.69	4.12	$1,987
Mar 2010	18	550	78.39	4.39	$3,825
Feb 2010	0	511	73.58	5.44	$2,781
Jan 2010	0	653	74.36	5.96	$3,895
Dec 2009	0	443	71.44	5.48	$2,429
Nov 2009	0	546	74.59	3.75	$2,048
Oct 2009	0	600	72.54	4.11	$2,466
Sep 2009	0	569	65.54	3.06	$1,744
Aug 2009	0	461	67.42	3.22	$1,484
Jul 2009	8	524	61.13	3.46	$2,304
Jun 2009	0	549	66.16	3.90	$2,138
May 2009	0	523	54.74	3.93	$2,053
Apr 2009	24	609	46.77	3.59	$3,307
Mar 2009	0	613	42.14	4.06	$2,488
Feb 2009	0	563	32.81	4.63	$2,608
Jan 2009	0	695	35.86	5.37	$3,733
Dec 2008	0	702	37.10	5.98	$4,196
Nov 2008	0	688	55.49	6.86	$4,720
Oct 2008	0	728	75.24	6.92	$5,039
Sep 2008	0	660	101.76	7.88	$5,199
Aug 2008	0	711	114.22	8.48	$6,031
Jul 2008	0	729	131.08	11.39	$8,303
Jun 2008	0	659	131.33	13.03	$8,589
May 2008	0	692	123.17	11.57	$8,009
Apr 2008	0	634	110.31	10.45	$6,628
Mar 2008	0	656	101.90	9.66	$6,340
Feb 2008	0	637	92.53	8.77	$5,587
Jan 2008	0	741	90.38	8.21	$6,080
Dec 2007	0	773	88.33	7.30	$5,644
Nov 2007	0	681	91.67	7.29	$4,966
Oct 2007	0	669	82.85	6.92	$4,631
Sep 2007	0	630	75.84	6.24	$3,934
Aug 2007	0	739	69.06	6.39	$4,721
Jul 2007	0	892	70.90	6.39	$5,698
Jun 2007	0	896	62.00	7.55	$6,763
May 2007	0	879	58.74	7.85	$6,897
Apr 2007	0	952	59.61	7.81	$7,431
Mar 2007	0	1,413	56.92	7.30	$10,318
Feb 2007	0	698	55.10	8.22	$5,735
Jan 2007	0	1,122	50.30	6.73	$7,548
Dec 2006	0	1,384	56.65	6.92	$9,575
Nov 2006	0	1,491	54.20	7.62	$11,358
Oct 2006	0	1,192	54.90	6.01	$7,168
Sep 2006	0	626	60.08	5.04	$3,153
Aug 2006	0	661	68.71	7.34	$4,852
Jul 2006	0	1,178	69.37	6.34	$7,472
Jun 2006	0	148	66.28	6.38	$945
May 2006	0	768	66.01	6.42	$4,934
Apr 2006	0	1,409	64.39	7.36	$10,371
Mar 2006	0	1,124	56.70	7.08	$7,961
Feb 2006	0	116	57.59	7.75	$899
Jan 2006	0	566	60.59	8.93	$5,056
Dec 2005	0	605	54.94	13.42	$8,116
Nov 2005	0	762	54.69	10.59	$8,068
Oct 2005	0	999	58.34	13.80	$13,782
Sep 2005	0	892	61.45	12.08	$10,774
Aug 2005	0	865	61.51	9.80	$8,474
Jul 2005	0	891	55.69	7.84	$6,989
Jun 2005	0	773	52.33	7.38	$5,706
May 2005	0	778	45.22	6.65	$5,175
Apr 2005	0	1,052	49.20	7.36	$7,743
Mar 2005	0	1,090	50.37	7.15	$7,799
Feb 2005	0	992	45.22	6.31	$6,261
Jan 2005	0	1,229	43.16	6.32	$7,770
Dec 2004	0	1,088	39.86	6.75	$7,345
Nov 2004	0	1,096	45.28	6.33	$6,938
Oct 2004	5	1,094	49.70	6.52	$7,376
Sep 2004	0	1,145	43.24	5.28	$6,050
Aug 2004	0	1,073	42.37	5.55	$5,956
Jul 2004	23	1,273	38.28	6.08	$8,626
Jun 2004	0	1,331	36.10	6.43	$8,562
May 2004	0	1,418	37.48	6.49	$9,209
Apr 2004	0	1,464	34.47	5.86	$8,577
Mar 2004	72	1,422	34.36	5.53	$10,338
Feb 2004	0	1,397	32.45	5.51	$7,697
Jan 2004	0	1,459	32.03	6.30	$9,191
Dec 2003	0	1,398	30.26	6.30	$8,810
Nov 2003	0	1,332	28.80	4.60	$6,121
Oct 2003	0	1,373	28.17	4.76	$6,535
Sep 2003	60	1,254	26.31	4.75	$7,534
Aug 2003	0	1,418	29.76	5.13	$7,274
Jul 2003	47	1,296	29.41	5.17	$8,084
Jun 2003	0	1,245	28.56	5.98	$7,449
May 2003	0	1,420	26.59	5.97	$8,481
Apr 2003	56	1,408	26.67	5.41	$9,107
Mar 2003	0	1,368	31.14	6.10	$8,339
Feb 2003	0	1,206	33.48	7.93	$9,559
Jan 2003	141	1,538	30.31	5.58	$12,859
Dec 2002	0	1,483	26.91	4.85	$7,198
Nov 2002	143	1,200	24.66	4.14	$8,491
Oct 2002	0	5,147	26.46	4.23	$21,767
Sep 2002	0	5,514	27.44	3.64	$20,044
Aug 2002	90	3,159	25.96	3.16	$12,332
Jul 2002	0	3,129	24.58	3.06	$9,580
Jun 2002	0	1,393	23.73	3.34	$4,650
May 2002	102	1,946	24.66	3.58	$9,490
Apr 2002	0	1,625	23.65	3.51	$5,708
Mar 2002	114	5,185	22.00	3.10	$18,596
Feb 2002	3	2,510	18.22	2.38	$6,018
Jan 2002	0	3,604	17.17	2.38	$8,562
Dec 2001	0	4,178	16.93	2.36	$9,878
Nov 2001	0	4,946	18.07	2.41	$11,898
Oct 2001	0	5,848	19.78	2.53	$14,789
Sep 2001	0	4,783	24.26	2.25	$10,768
Aug 2001	0	5,872	24.87	3.05	$17,928
Jul 2001	0	5,397	23.93	3.20	$17,255
Jun 2001	0	5,764	24.56	3.82	$22,042
May 2001	0	4,239	25.52	4.31	$18,259
Apr 2001	0	5,716	24.68	5.34	$30,497
Mar 2001	0	5,242	24.54	5.38	$28,183
Feb 2001	9	4,896	27.75	5.77	$28,485
Jan 2001	33	6,781	27.47	8.40	$57,859
Dec 2000	36	4,836	26.88	9.12	$45,084
Nov 2000	42	6,875	32.21	5.66	$40,252
Oct 2000	39	7,156	31.23	5.15	$38,039
Sep 2000	34	6,364	31.87	5.19	$34,090
Aug 2000	13	5,887	29.64	4.54	$27,117
Jul 2000	0	6,408	28.53	4.09	$26,207
Jun 2000	0	6,395	29.30	4.40	$28,120
May 2000	0	6,222	27.26	3.68	$22,895
Apr 2000	0	6,154	24.51	3.12	$19,176
Mar 2000	0	7,539	28.42	2.86	$21,560
Feb 2000	0	10,569	27.62	2.73	$28,816
Jan 2000	1	12,530	25.27	2.48	$31,106
Dec 1999	1	13,677	24.28	2.42	$33,174
Nov 1999	1	13,865	23.19	2.43	$33,770
Oct 1999	1	14,692	20.98	2.80	$41,213
Sep 1999	1	14,574	21.75	2.62	$38,189
Aug 1999	17	14,737	19.26	2.88	$42,705
Jul 1999	81	16,198	17.89	2.37	$39,877
Jun 1999	41	16,330	15.94	2.36	$39,227
May 1999	125	17,714	15.79	2.32	$43,088
Apr 1999	45	18,079	15.10	2.21	$40,599
Mar 1999	114	19,417	12.47	1.84	$37,116
Feb 1999	99	12,982	9.98	1.82	$24,587
Jan 1999	75	21,068	10.38	1.90	$40,807
Dec 1998	139	22,273	9.20	1.77	$40,776
Nov 1998	80	24,109	10.89	2.19	$53,567
Oct 1998	100	23,382	12.42	1.97	$47,286
Sep 1998	76	26,016	12.59	2.08	$55,138
Aug 1998	75	27,645	11.30	1.91	$53,576
Jul 1998	49	29,305	11.74	2.24	$66,138
Jun 1998	31	41,237	11.24	2.24	$92,607
May 1998	47	48,368	12.62	2.21	$107,309
Apr 1998	46	52,254	13.04	2.51	$131,513
Mar 1998	60	59,606	12.80	2.31	$138,424
Feb 1998	78	60,269	13.95	2.30	$139,654
Jan 1998	89	74,639	14.70	2.15	$162,140
Dec 1997	88	82,263	16.32	2.41	$199,780
Nov 1997	100	89,757	18.19	3.09	$279,012
Oct 1997	99	103,229	19.25	3.15	$327,059
Sep 1997	106	107,693	17.74	2.95	$320,100
Aug 1997	82	131,392	17.86	2.55	$337,137
Jul 1997	109	147,509	17.58	2.25	$333,360
Jun 1997	155	165,756	17.24	2.26	$376,817
May 1997	221	199,162	18.97	2.31	$463,958
Apr 1997	431	191,488	17.88	2.08	$406,534
Mar 1997	1,090	301,685	18.95	1.94	$605,665
Feb 1997	538	305,738	20.49	2.21	$685,451
Jan 1997	900	372,315	23.48	3.54	$1,339,015
Dec 1996	1,405	566,818	23.32	—	$32,765
Nov 1996	341	213,497	21.97	—	$7,492

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                  258 Mcf  × $  3.99 =     $1,028

────────────────────────────────────────────────────
Month total                                   $1,028

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/161464 is the state's own key, not one this site invented.