PALMYRA MINERALS, LTD.

Name: PALMYRA MINERALS, LTD. lease production and value, Apr 1997 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 162779District 04Field 100431502 tax incentive programmesCondensateGasSave Export

Value, all time

$2.5 M

Apr 1997 – Sep 2011

Value, last 12 filed months

$6 k

at the published price for each month

Months reported

174

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	1997-06-27	136697
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	6,230 bbl	$106,843
Gas	Production	871,020 Mcf	$2,346,852
Total			$2,453,695

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 26.6756, -99.1379. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

26.67557, -99.13786 · 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

8,300 ft

1 wells filed one

Completion to plug

14.4 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 8,300 ft.

Completions filed

Apr 1997

1 of 1 wells

Plug dates filed

Sep 2011

1 of 1 wells

Last completion to plug: a median of 14.4 years across the 1 well that filed both dates, with the middle half between 14.4 years and 14.4 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-50533551	5	8,300 ft	Apr 1997	Sep 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 (174)

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

174 months


Sep 2011	0	0	83.62	3.99	$0
Aug 2011	0	41	83.40	4.15	$170
Jul 2011	0	84	94.14	4.52	$379
Jun 2011	0	244	92.90	4.64	$1,132
May 2011	0	125	98.13	4.40	$551
Apr 2011	0	181	105.96	4.33	$784
Mar 2011	0	167	96.36	4.06	$678
Feb 2011	0	141	85.64	4.18	$589
Jan 2011	0	136	86.50	4.59	$624
Dec 2010	0	130	85.73	4.35	$565
Nov 2010	0	162	80.84	3.80	$615
Oct 2010	0	0	78.10	3.51	$0
Sep 2010	4	126	72.63	3.98	$792
Aug 2010	0	157	73.68	4.42	$694
Jul 2010	0	157	72.55	4.74	$744
Jun 2010	0	136	70.36	4.91	$668
May 2010	9	149	71.12	4.24	$1,271
Apr 2010	0	138	81.69	4.12	$569
Mar 2010	9	49	78.39	4.39	$921
Feb 2010	0	118	73.58	5.44	$642
Jan 2010	0	109	74.36	5.96	$650
Dec 2009	0	75	71.44	5.48	$411
Nov 2009	0	197	74.59	3.75	$739
Oct 2009	0	85	72.54	4.11	$349
Sep 2009	0	130	65.54	3.06	$398
Aug 2009	0	135	67.42	3.22	$435
Jul 2009	4	60	61.13	3.46	$452
Jun 2009	0	99	66.16	3.90	$386
May 2009	0	44	54.74	3.93	$173
Apr 2009	10	85	46.77	3.59	$773
Mar 2009	0	110	42.14	4.06	$446
Feb 2009	0	42	32.81	4.63	$195
Jan 2009	0	163	35.86	5.37	$875
Dec 2008	0	110	37.10	5.98	$657
Nov 2008	0	139	55.49	6.86	$954
Oct 2008	0	157	75.24	6.92	$1,087
Sep 2008	0	246	101.76	7.88	$1,938
Aug 2008	0	332	114.22	8.48	$2,816
Jul 2008	0	279	131.08	11.39	$3,178
Jun 2008	0	204	131.33	13.03	$2,659
May 2008	0	354	123.17	11.57	$4,097
Apr 2008	0	289	110.31	10.45	$3,021
Mar 2008	0	349	101.90	9.66	$3,373
Feb 2008	0	337	92.53	8.77	$2,956
Jan 2008	0	307	90.38	8.21	$2,519
Dec 2007	0	301	88.33	7.30	$2,198
Nov 2007	0	258	91.67	7.29	$1,881
Oct 2007	0	339	82.85	6.92	$2,347
Sep 2007	0	314	75.84	6.24	$1,961
Aug 2007	0	476	69.06	6.39	$3,041
Jul 2007	0	416	70.90	6.39	$2,657
Jun 2007	0	383	62.00	7.55	$2,891
May 2007	0	324	58.74	7.85	$2,542
Apr 2007	0	307	59.61	7.81	$2,396
Mar 2007	0	325	56.92	7.30	$2,373
Feb 2007	0	313	55.10	8.22	$2,572
Jan 2007	0	589	50.30	6.73	$3,962
Dec 2006	0	835	56.65	6.92	$5,777
Nov 2006	0	463	54.20	7.62	$3,527
Oct 2006	0	688	54.90	6.01	$4,137
Sep 2006	0	132	60.08	5.04	$665
Aug 2006	0	252	68.71	7.34	$1,850
Jul 2006	0	258	69.37	6.34	$1,636
Jun 2006	0	362	66.28	6.38	$2,311
May 2006	0	318	66.01	6.42	$2,043
Apr 2006	0	1,003	64.39	7.36	$7,383
Mar 2006	0	985	56.70	7.08	$6,977
Feb 2006	0	133	57.59	7.75	$1,031
Jan 2006	0	622	60.59	8.93	$5,557
Dec 2005	0	669	54.94	13.42	$8,975
Nov 2005	0	514	54.69	10.59	$5,442
Oct 2005	0	615	58.34	13.80	$8,484
Sep 2005	0	654	61.45	12.08	$7,900
Aug 2005	0	591	61.51	9.80	$5,790
Jul 2005	0	696	55.69	7.84	$5,459
Jun 2005	0	612	52.33	7.38	$4,517
May 2005	0	619	45.22	6.65	$4,117
Apr 2005	0	580	49.20	7.36	$4,269
Mar 2005	0	603	50.37	7.15	$4,314
Feb 2005	0	627	45.22	6.31	$3,958
Jan 2005	0	752	43.16	6.32	$4,754
Dec 2004	0	663	39.86	6.75	$4,476
Nov 2004	0	682	45.28	6.33	$4,317
Oct 2004	0	870	49.70	6.52	$5,668
Sep 2004	0	1,089	43.24	5.28	$5,754
Aug 2004	0	729	42.37	5.55	$4,046
Jul 2004	0	786	38.28	6.08	$4,782
Jun 2004	0	732	36.10	6.43	$4,709
May 2004	0	760	37.48	6.49	$4,936
Apr 2004	0	734	34.47	5.86	$4,300
Mar 2004	0	737	34.36	5.53	$4,076
Feb 2004	0	694	32.45	5.51	$3,824
Jan 2004	0	681	32.03	6.30	$4,290
Dec 2003	0	758	30.26	6.30	$4,777
Nov 2003	0	687	28.80	4.60	$3,157
Oct 2003	0	850	28.17	4.76	$4,046
Sep 2003	26	662	26.31	4.75	$3,828
Aug 2003	0	755	29.76	5.13	$3,873
Jul 2003	35	800	29.41	5.17	$5,166
Jun 2003	0	650	28.56	5.98	$3,889
May 2003	0	766	26.59	5.97	$4,575
Apr 2003	30	821	26.67	5.41	$5,239
Mar 2003	0	761	31.14	6.10	$4,639
Feb 2003	0	668	33.48	7.93	$5,294
Jan 2003	0	803	30.31	5.58	$4,482
Dec 2002	0	834	26.91	4.85	$4,048
Nov 2002	0	689	24.66	4.14	$2,850
Oct 2002	0	868	26.46	4.23	$3,671
Sep 2002	0	774	27.44	3.64	$2,814
Aug 2002	0	936	25.96	3.16	$2,962
Jul 2002	0	969	24.58	3.06	$2,967
Jun 2002	0	993	23.73	3.34	$3,315
May 2002	0	1,013	24.66	3.58	$3,631
Apr 2002	0	874	23.65	3.51	$3,070
Mar 2002	0	1,033	22.00	3.10	$3,205
Feb 2002	0	969	18.22	2.38	$2,302
Jan 2002	0	1,014	17.17	2.38	$2,409
Dec 2001	0	1,037	16.93	2.36	$2,452
Nov 2001	0	1,055	18.07	2.41	$2,538
Oct 2001	0	1,164	19.78	2.53	$2,944
Sep 2001	0	1,061	24.26	2.25	$2,389
Aug 2001	0	1,112	24.87	3.05	$3,395
Jul 2001	0	1,062	23.93	3.20	$3,395
Jun 2001	0	1,017	24.56	3.82	$3,889
May 2001	0	1,076	25.52	4.31	$4,635
Apr 2001	0	1,051	24.68	5.34	$5,607
Mar 2001	0	1,121	24.54	5.38	$6,027
Feb 2001	3	1,140	27.75	5.77	$6,658
Jan 2001	12	1,325	27.47	8.40	$11,458
Dec 2000	12	1,366	26.88	9.12	$12,784
Nov 2000	13	1,384	32.21	5.66	$8,249
Oct 2000	14	1,582	31.23	5.15	$8,577
Sep 2000	16	1,614	31.87	5.19	$8,881
Aug 2000	8	2,197	29.64	4.54	$10,213
Jul 2000	2	2,600	28.53	4.09	$10,690
Jun 2000	2	2,932	29.30	4.40	$12,951
May 2000	4	3,604	27.26	3.68	$13,371
Apr 2000	2	3,482	24.51	3.12	$10,899
Mar 2000	4	4,122	28.42	2.86	$11,902
Feb 2000	1	3,971	27.62	2.73	$10,855
Jan 2000	0	3,916	25.27	2.48	$9,714
Dec 1999	0	4,250	24.28	2.42	$10,301
Nov 1999	0	4,651	23.19	2.43	$11,320
Oct 1999	0	5,614	20.98	2.80	$15,740
Sep 1999	0	5,959	21.75	2.62	$15,606
Aug 1999	11	5,726	19.26	2.88	$16,678
Jul 1999	54	6,560	17.89	2.37	$16,529
Jun 1999	26	6,392	15.94	2.36	$15,513
May 1999	78	6,460	15.79	2.32	$16,225
Apr 1999	26	6,802	15.10	2.21	$15,412
Mar 1999	65	5,536	12.47	1.84	$10,988
Feb 1999	90	6,637	9.98	1.82	$12,963
Jan 1999	70	11,715	10.38	1.90	$22,985
Dec 1998	129	12,752	9.20	1.77	$23,800
Nov 1998	61	13,405	10.89	2.19	$29,964
Oct 1998	80	13,795	12.42	1.97	$28,159
Sep 1998	63	15,895	12.59	2.08	$33,896
Aug 1998	63	16,865	11.30	1.91	$32,879
Jul 1998	55	18,575	11.74	2.24	$42,203
Jun 1998	62	19,766	11.24	2.24	$44,919
May 1998	89	21,533	12.62	2.21	$48,632
Apr 1998	83	22,489	13.04	2.51	$57,425
Mar 1998	105	24,279	12.80	2.31	$57,415
Feb 1998	173	24,729	13.95	2.30	$59,269
Jan 1998	342	28,955	14.70	2.15	$67,419
Dec 1997	332	31,323	16.32	2.41	$80,941
Nov 1997	388	33,351	18.19	3.09	$110,054
Oct 1997	397	41,583	19.25	3.15	$138,621
Sep 1997	431	41,160	17.74	2.95	$129,269
Aug 1997	580	57,071	17.86	2.55	$156,160
Jul 1997	634	60,362	17.58	2.25	$146,776
Jun 1997	480	64,190	17.24	2.26	$153,165
May 1997	643	76,094	18.97	2.31	$187,861
Apr 1997	400	56,645	17.88	2.08	$125,131

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.

Aug 2011 — as filed, then multipliedworked

Condensate             0 bbl  × $ 83.40 =         $0
Gas                   41 Mcf  × $  4.15 =       $170

────────────────────────────────────────────────────
Month total                                     $170

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/162779 is the state's own key, not one this site invented.