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 161956District 04Field 548660052 tax incentive programmesCondensateGasSaveExport
Value, all time
$6.4 M
Nov 1996 – May 2026
Value, last 12 filed months
$43 k
at the published price for each month
Months reported
355
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 Gas111998-03-02136706
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
CondensateDisposition1,681 bbl$44,293
GasProduction1,778,236 Mcf$6,311,606
Total$6,355,898

69,687 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 26.6739, -99.1206. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

26.67388, -99.12063 · 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
8,867 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 8,867 ft.

Completions filed
Nov 1996
1 of 1 wells

1 well

42-5053349458,867 ftNov 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 (355)

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

355 months

May 20260332106.413.05$1,011
Apr 2026070598.932.87$2,023
Mar 202601,01889.753.15$3,206
Feb 202601,04963.503.75$3,934
Jan 202603,06959.138.00$24,546
Dec 202501,82456.664.41$8,050
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 202307689.042.74$208
Aug 2023033880.522.67$903
Jul 2023038174.852.64$1,007
Jun 2023053568.962.26$1,208
May 2023056270.622.23$1,252
Apr 2023057578.122.24$1,287
Mar 2023059472.852.39$1,422
Feb 2023052275.112.47$1,287
Jan 2023061676.533.39$2,087
Dec 2022056476.415.73$3,231
Nov 2022056285.005.65$3,173
Oct 2022088387.185.86$5,178
Sep 2022099784.888.16$8,139
Aug 202201,06894.529.13$9,748
Jul 202201,273101.587.54$9,601
Jun 202201,071115.097.98$8,544
May 202201,128109.378.43$9,512
Apr 202201,185104.226.84$8,103
Mar 202201,068108.885.08$5,422
Feb 2022093991.054.86$4,562
Jan 2022087381.844.54$3,961
Dec 2021099271.323.90$3,868
Nov 2021096177.435.24$5,033
Oct 2021099779.795.71$5,697
Sep 202101,02069.865.35$5,458
Aug 2021094566.024.22$3,988
Jul 202101,02770.783.98$4,090
Jun 202101,14469.493.38$3,867
May 202101,40863.483.02$4,249
Apr 202101,31460.362.76$3,625
Mar 202101,37661.302.72$3,739
Feb 202101,49457.805.55$8,289
Jan 202101,17750.412.81$3,308
Dec 2020131,56644.642.68$4,770
Nov 202001,36238.772.71$3,686
Oct 202051,31236.972.48$3,437
Sep 202001,39637.091.99$2,779
Aug 202001,43339.982.39$3,418
Jul 202001,45238.371.83$2,650
Jun 202001,66334.901.69$2,811
May 202001,31716.921.81$2,390
Apr 202001,25114.751.80$2,257
Mar 202071,07230.341.86$2,202
Feb 202001,14749.881.98$2,272
Jan 202051,17257.252.09$2,741
Dec 201901,25659.012.30$2,894
Nov 2019078055.302.75$2,146
Oct 201901,14653.472.42$2,772
Sep 201901,01855.052.66$2,705
Aug 201901,13053.112.30$2,604
Jul 201901,19756.272.46$2,945
Jun 201901,15452.782.49$2,875
May 201901,22958.482.74$3,368
Apr 201901,08762.632.75$2,990
Mar 201901,43456.803.06$4,391
Feb 201901,25450.852.79$3,501
Jan 201901,33846.033.23$4,319
Dec 201801,22246.594.19$5,115
Nov 201801,26052.934.24$5,339
Oct 201801,33961.443.40$4,550
Sep 201801,46759.543.11$4,559
Aug 201801,14359.403.07$3,505
Jul 201801,21465.142.93$3,559
Jun 201801,17860.183.08$3,625
May 201801,19065.382.90$3,452
Apr 201801,30063.842.90$3,771
Mar 201801,29161.222.79$3,598
Feb 201801,23861.782.77$3,424
Jan 201801,49162.874.01$5,978
Dec 201701,13657.272.92$3,319
Nov 201701,10255.423.12$3,436
Oct 201701,03449.292.98$3,085
Sep 201701,38647.523.09$4,279
Aug 201701,65445.373.00$4,969
Jul 201701,35243.873.09$4,174
Jun 201701,41542.493.09$4,369
May 201701,59245.373.26$5,195
Apr 201701,64747.933.21$5,290
Mar 201701,60546.772.98$4,789
Feb 201701,42550.452.95$4,207
Jan 201701,33949.413.42$4,578
Dec 201601,31848.763.72$4,907
Nov 201601,27842.492.64$3,379
Oct 201601,25446.193.09$3,875
Sep 201601,30041.553.10$4,031
Aug 201601,36541.442.92$3,992
Jul 201601,04641.622.92$3,059
Jun 2016057445.352.69$1,542
May 2016092942.521.99$1,850
Apr 2016082236.561.99$1,637
Mar 2016099033.011.79$1,776
Feb 201601,03626.472.06$2,138
Jan 201601,71627.352.36$4,057
Dec 201502,43532.362.00$4,873
Nov 201502,20938.792.17$4,788
Oct 201502,03343.552.43$4,933
Sep 201502,27642.992.76$6,278
Aug 201503,13340.162.87$9,000
Jul 201502,41148.152.95$7,101
Jun 201504,74456.152.88$13,676
May 201501,93855.212.96$5,728
Apr 201501,69249.822.71$4,580
Mar 2015092142.892.93$2,703
Feb 2015054344.662.98$1,616
Jan 201501,26043.433.10$3,907
Dec 201401,03454.693.59$3,713
Nov 2014961,41770.464.25$12,789
Oct 2014067278.303.90$2,621
Sep 2014059386.164.05$2,399
Aug 2014076289.394.04$3,075
Jul 2014079496.564.18$3,319
Jun 2014030098.164.74$1,421
May 2014070994.734.73$3,351
Apr 2014096295.944.81$4,626
Mar 2014071495.895.06$3,611
Feb 2014088897.406.19$5,499
Jan 201401,52790.404.86$7,422
Dec 201301,31591.824.35$5,726
Nov 201301,97588.853.74$7,383
Oct 2013074097.423.78$2,797
Sep 20130853104.113.72$3,171
Aug 201301,092104.253.52$3,847
Jul 201301,475102.523.72$5,484
Jun 201301,16794.403.93$4,590
May 201302,07494.834.15$8,605
Apr 2013083993.964.28$3,593
Mar 201301,20393.623.91$4,707
Feb 201301,47591.233.42$5,044
Jan 201302,73991.603.42$9,367
Dec 2012074586.773.42$2,548
Nov 201201,18686.953.62$4,299
Oct 2012091189.383.40$3,097
Sep 201201,68794.672.92$4,923
Aug 201204,61792.662.91$13,427
Jul 201202,04185.133.02$6,165
Jun 2012098779.822.52$2,486
May 201201,22891.612.49$3,056
Apr 20120990101.652.00$1,977
Mar 201201,360105.052.22$3,022
Feb 201201,042101.102.57$2,678
Jan 201201,02698.092.73$2,805
Dec 2011085396.873.24$2,764
Nov 2011090195.723.31$2,983
Oct 2011086384.983.65$3,149
Sep 201101,13083.623.99$4,504
Aug 201103,59583.404.15$14,917
Jul 201101,38394.144.52$6,247
Jun 2011095092.904.64$4,408
May 201101,39198.134.40$6,127
Apr 201104,027105.964.33$17,450
Mar 201101,88496.364.06$7,644
Feb 201101,14485.644.18$4,782
Jan 201101,22686.504.59$5,626
Dec 201001,19885.734.35$5,209
Nov 201001,19880.843.80$4,547
Oct 201001,20778.103.51$4,235
Sep 201001,16572.633.98$4,636
Aug 201001,57373.684.42$6,952
Jul 201001,84772.554.74$8,748
Jun 201001,52970.364.91$7,508
May 201001,62471.124.24$6,878
Apr 201001,15081.694.12$4,741
Mar 201001,27778.394.39$5,604
Feb 201001,65273.585.44$8,991
Jan 201002,01074.365.96$11,988
Dec 200902,26071.445.48$12,393
Nov 200902,19274.593.75$8,223
Oct 200902,88972.544.11$11,875
Sep 200901,61565.543.06$4,950
Aug 200901,83767.423.22$5,912
Jul 200902,36361.133.46$8,187
Jun 200902,00466.163.90$7,806
May 200901,85154.743.93$7,267
Apr 200902,15146.773.59$7,717
Mar 200902,27642.144.06$9,238
Feb 200901,91232.814.63$8,858
Jan 200902,93635.865.37$15,769
Dec 200803,05637.105.98$18,266
Nov 200801,75755.496.86$12,054
Oct 200802,19375.246.92$15,180
Sep 200801,860101.767.88$14,651
Aug 200802,725114.228.48$23,116
Jul 200803,206131.0811.39$36,515
Jun 200803,507131.3313.03$45,705
May 200803,504123.1711.57$40,556
Apr 200803,267110.3110.45$34,156
Mar 200803,051101.909.66$29,485
Feb 200802,71592.538.77$23,812
Jan 200804,81690.388.21$39,519
Dec 200702,09688.337.30$15,305
Nov 200702,41291.677.29$17,588
Oct 200703,12982.856.92$21,659
Sep 200703,05775.846.24$19,088
Aug 200703,51869.066.39$22,473
Jul 200704,07770.906.39$26,044
Jun 200702,74962.007.55$20,751
May 200703,60758.747.85$28,302
Apr 200703,99459.617.81$31,174
Mar 200702,55156.927.30$18,627
Feb 200702,99655.108.22$24,615
Jan 200703,70450.306.73$24,916
Dec 200603,05456.656.92$21,129
Nov 200602,94254.207.62$22,411
Oct 200602,93454.906.01$17,644
Sep 200603,43660.085.04$17,308
Aug 200604,21568.717.34$30,938
Jul 200601,96269.376.34$12,445
Jun 200603,85266.286.38$24,591
May 200603,50066.016.42$22,488
Apr 200603,46064.397.36$25,467
Mar 200603,82856.707.08$27,113
Feb 200602,92357.597.75$22,657
Jan 200603,31360.598.93$29,596
Dec 200503,41754.9413.42$45,840
Nov 200503,73154.6910.59$39,505
Oct 200504,21258.3413.80$58,108
Sep 200503,99961.4512.08$48,304
Aug 20051694,91861.519.80$58,576
Jul 200504,52555.697.84$35,492
Jun 200504,08552.337.38$30,152
May 200504,51145.226.65$30,003
Apr 200504,09549.207.36$30,141
Mar 200504,69050.377.15$33,556
Feb 200503,87445.226.31$24,452
Jan 200505,30343.166.32$33,527
Dec 200405,31639.866.75$35,889
Nov 200405,18645.286.33$32,830
Oct 200405,17349.706.52$33,703
Sep 200404,84643.245.28$25,606
Aug 200404,59842.375.55$25,522
Jul 200404,83738.286.08$29,429
Jun 200404,67436.106.43$30,068
May 200404,33037.486.49$28,122
Apr 200405,31534.475.86$31,138
Mar 200405,94134.365.53$32,855
Feb 200405,44732.455.51$30,011
Jan 200404,61232.036.30$29,054
Dec 200306,33730.266.30$39,933
Nov 200304,59328.804.60$21,106
Oct 200305,77328.174.76$27,477
Sep 200305,41526.314.75$25,718
Aug 200306,88829.765.13$35,334
Jul 200306,56129.415.17$33,926
Jun 200306,96228.565.98$41,653
May 200307,18426.595.97$42,908
Apr 200316,80926.675.41$36,845
Mar 200306,54031.146.10$39,868
Feb 200307,30433.487.93$57,891
Jan 20031817,76330.315.58$48,819
Dec 200207,80726.914.85$37,893
Nov 200207,95924.664.14$32,926
Oct 200206,32326.464.23$26,741
Sep 200204,96127.443.64$18,034
Aug 200207,25225.963.16$22,946
Jul 200208,59224.583.06$26,307
Jun 200229,54823.733.34$31,921
May 2002010,93624.663.58$39,195
Apr 200208,16623.653.51$28,682
Mar 200208,97122.003.10$27,835
Feb 200217,28318.222.38$17,320
Jan 200219,02617.172.38$21,460
Dec 200108,79016.932.36$20,783
Nov 200108,56218.072.41$20,596
Oct 200109,31819.782.53$23,564
Sep 200108,50124.262.25$19,138
Aug 200108,92524.873.05$27,249
Jul 200108,65823.933.20$27,680
Jun 200108,92024.563.82$34,112
May 200109,29025.524.31$40,015
Apr 200118,86824.685.34$47,338
Mar 200189,88424.545.38$53,337
Feb 200109,09727.755.77$52,463
Jan 2001010,19327.478.40$85,609
Dec 200018510,33926.889.12$99,290
Nov 2000010,78132.215.66$60,999
Oct 2000010,71231.235.15$55,119
Sep 2000410,02331.875.19$52,112
Aug 2000010,44729.644.54$47,437
Jul 2000010,87328.534.09$44,468
Jun 2000211,06329.304.40$48,705
May 2000211,97127.263.68$44,105
Apr 2000512,35924.513.12$38,633
Mar 2000613,32128.422.86$38,265
Feb 2000513,08127.622.73$35,803
Jan 2000613,89325.272.48$34,613
Dec 199917714,49024.282.42$39,417
Nov 1999214,79223.192.43$36,050
Oct 1999215,90920.982.80$44,646
Sep 1999315,86821.752.62$41,621
Aug 1999017,38419.262.88$49,989
Jul 1999218,66917.892.37$44,326
Jun 1999219,44615.942.36$45,965
May 199918021,75915.792.32$53,345
Apr 1999422,29515.102.21$49,289
Mar 1999525,17812.471.84$46,348
Feb 199917224,2019.981.82$45,709
Jan 1999031,75010.381.90$60,323
Dec 199817936,2719.201.77$65,967
Nov 1998034,71710.892.19$75,882
Oct 199816439,45012.421.97$79,722
Sep 1998520,81612.592.08$43,415
Aug 199838,23611.301.91$15,743
Jul 1998410,06211.742.24$22,558
Jun 199817,19611.242.24$16,111
May 1998410,39212.622.21$22,979
Apr 199859,83013.042.51$24,693
Mar 1998411,38812.802.31$26,351
Feb 1998310,12813.952.30$23,327
Jan 1998012,53914.702.15$27,019
Dec 1997015,18416.322.41$36,610
Nov 1997315,21118.193.09$47,030
Oct 1997317,20519.253.15$54,250
Sep 1997419,10817.742.95$56,533
Aug 1997635,16217.862.55$89,937
Jul 1997734,45717.582.25$77,546
Jun 1997431,71417.242.26$71,654
May 1997832,36018.972.31$74,855
Apr 1997733,31917.882.08$69,521
Mar 19971150,81918.951.94$98,754
Feb 1997231,32720.492.21$69,145
Jan 1997045,22123.483.54$160,069
Dec 1996069,24223.32$0
Nov 1996044521.97$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 2026 — as filed, then multipliedworked
Condensate             0 bbl  × $106.41 =         $0
Gas                  332 Mcf  × $  3.05 =     $1,011

────────────────────────────────────────────────────
Month total                                   $1,011

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/161956 is the state's own key, not one this site invented.