PALMYRA MINERALS, LTD

Name: PALMYRA MINERALS, LTD lease production and value, Jul 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 163641District 04Field 100431502 tax incentive programmesCondensateGasSave Export

Value, all time

$7.3 M

Jul 1997 – Oct 2011

Value, last 12 filed months

$128 k

at the published price for each month

Months reported

172

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	1997-09-24	137132
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	6,137 bbl	$131,337
Gas	Production	2,255,151 Mcf	$7,179,020
Total			$7,310,358

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 26.6724, -99.1325. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

26.67237, -99.13254 · 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

8,900 ft

1 wells filed one

Completion to plug

14.5 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 8,900 ft.

Completions filed

Apr 1997

1 of 1 wells

Plug dates filed

Oct 2011

1 of 1 wells

Last completion to plug: a median of 14.5 years across the 1 well that filed both dates, with the middle half between 14.5 years and 14.5 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-50533565	7	8,900 ft	Apr 1997	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 (172)

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

172 months


Oct 2011	15	0	84.98	3.65	$1,275
Sep 2011	0	1,623	83.62	3.99	$6,469
Aug 2011	0	1,916	83.40	4.15	$7,950
Jul 2011	0	2,642	94.14	4.52	$11,935
Jun 2011	175	2,478	92.90	4.64	$27,755
May 2011	0	2,909	98.13	4.40	$12,814
Apr 2011	0	2,753	105.96	4.33	$11,930
Mar 2011	0	3,015	96.36	4.06	$12,233
Feb 2011	0	2,240	85.64	4.18	$9,363
Jan 2011	0	2,853	86.50	4.59	$13,092
Dec 2010	0	1,752	85.73	4.35	$7,617
Nov 2010	0	1,552	80.84	3.80	$5,890
Oct 2010	0	0	78.10	3.51	$0
Sep 2010	36	1,111	72.63	3.98	$7,036
Aug 2010	0	1,461	73.68	4.42	$6,457
Jul 2010	0	1,909	72.55	4.74	$9,042
Jun 2010	0	1,659	70.36	4.91	$8,146
May 2010	39	2,259	71.12	4.24	$12,341
Apr 2010	0	2,576	81.69	4.12	$10,620
Mar 2010	35	3,185	78.39	4.39	$16,722
Feb 2010	0	2,483	73.58	5.44	$13,513
Jan 2010	0	2,555	74.36	5.96	$15,238
Dec 2009	0	2,671	71.44	5.48	$14,647
Nov 2009	0	2,091	74.59	3.75	$7,844
Oct 2009	0	2,211	72.54	4.11	$9,088
Sep 2009	0	2,372	65.54	3.06	$7,270
Aug 2009	0	2,105	67.42	3.22	$6,775
Jul 2009	11	2,120	61.13	3.46	$8,017
Jun 2009	0	2,111	66.16	3.90	$8,222
May 2009	0	2,435	54.74	3.93	$9,559
Apr 2009	32	2,274	46.77	3.59	$9,655
Mar 2009	0	2,254	42.14	4.06	$9,149
Feb 2009	0	1,899	32.81	4.63	$8,798
Jan 2009	0	2,898	35.86	5.37	$15,565
Dec 2008	0	2,986	37.10	5.98	$17,848
Nov 2008	0	2,950	55.49	6.86	$20,238
Oct 2008	0	1,866	75.24	6.92	$12,916
Sep 2008	0	1,812	101.76	7.88	$14,273
Aug 2008	0	3,434	114.22	8.48	$29,131
Jul 2008	0	2,717	131.08	11.39	$30,945
Jun 2008	0	2,599	131.33	13.03	$33,872
May 2008	0	2,416	123.17	11.57	$27,963
Apr 2008	0	2,632	110.31	10.45	$27,517
Mar 2008	0	2,369	101.90	9.66	$22,894
Feb 2008	0	2,581	92.53	8.77	$22,637
Jan 2008	0	2,880	90.38	8.21	$23,633
Dec 2007	0	2,821	88.33	7.30	$20,599
Nov 2007	0	2,077	91.67	7.29	$15,145
Oct 2007	0	3,342	82.85	6.92	$23,133
Sep 2007	0	2,146	75.84	6.24	$13,400
Aug 2007	0	3,120	69.06	6.39	$19,930
Jul 2007	0	3,892	70.90	6.39	$24,862
Jun 2007	0	2,541	62.00	7.55	$19,181
May 2007	0	2,875	58.74	7.85	$22,558
Apr 2007	0	2,902	59.61	7.81	$22,651
Mar 2007	0	3,025	56.92	7.30	$22,088
Feb 2007	0	2,087	55.10	8.22	$17,147
Jan 2007	0	2,601	50.30	6.73	$17,497
Dec 2006	0	1,362	56.65	6.92	$9,423
Nov 2006	0	1,535	54.20	7.62	$11,693
Oct 2006	0	2,039	54.90	6.01	$12,262
Sep 2006	0	2,585	60.08	5.04	$13,021
Aug 2006	0	2,024	68.71	7.34	$14,856
Jul 2006	0	2,639	69.37	6.34	$16,739
Jun 2006	0	2,213	66.28	6.38	$14,128
May 2006	0	2,591	66.01	6.42	$16,647
Apr 2006	0	2,728	64.39	7.36	$20,079
Mar 2006	0	932	56.70	7.08	$6,601
Feb 2006	0	1,635	57.59	7.75	$12,673
Jan 2006	0	2,433	60.59	8.93	$21,735
Dec 2005	0	2,476	54.94	13.42	$33,217
Nov 2005	0	1,878	54.69	10.59	$19,885
Oct 2005	0	2,114	58.34	13.80	$29,164
Sep 2005	0	2,142	61.45	12.08	$25,873
Aug 2005	0	2,576	61.51	9.80	$25,237
Jul 2005	0	3,213	55.69	7.84	$25,202
Jun 2005	0	4,240	52.33	7.38	$31,296
May 2005	0	1,943	45.22	6.65	$12,923
Apr 2005	0	2,837	49.20	7.36	$20,882
Mar 2005	0	3,547	50.37	7.15	$25,378
Feb 2005	0	3,686	45.22	6.31	$23,266
Jan 2005	0	4,696	43.16	6.32	$29,689
Dec 2004	0	3,885	39.86	6.75	$26,228
Nov 2004	0	2,525	45.28	6.33	$15,984
Oct 2004	24	2,627	49.70	6.52	$18,308
Sep 2004	0	2,758	43.24	5.28	$14,573
Aug 2004	0	3,772	42.37	5.55	$20,937
Jul 2004	64	6,155	38.28	6.08	$39,898
Jun 2004	0	2,900	36.10	6.43	$18,656
May 2004	0	3,005	37.48	6.49	$19,516
Apr 2004	0	3,311	34.47	5.86	$19,397
Mar 2004	31	4,585	34.36	5.53	$26,421
Feb 2004	0	4,007	32.45	5.51	$22,077
Jan 2004	0	4,310	32.03	6.30	$27,151
Dec 2003	0	3,972	30.26	6.30	$25,030
Nov 2003	0	4,127	28.80	4.60	$18,964
Oct 2003	0	4,455	28.17	4.76	$21,204
Sep 2003	9	4,136	26.31	4.75	$19,880
Aug 2003	0	4,176	29.76	5.13	$21,422
Jul 2003	6	4,442	29.41	5.17	$23,145
Jun 2003	0	4,100	28.56	5.98	$24,530
May 2003	0	4,412	26.59	5.97	$26,351
Apr 2003	9	4,426	26.67	5.41	$24,173
Mar 2003	0	4,532	31.14	6.10	$27,627
Feb 2003	0	3,843	33.48	7.93	$30,459
Jan 2003	30	4,302	30.31	5.58	$24,923
Dec 2002	0	4,891	26.91	4.85	$23,740
Nov 2002	15	4,514	24.66	4.14	$19,044
Oct 2002	0	6,177	26.46	4.23	$26,123
Sep 2002	0	5,511	27.44	3.64	$20,034
Aug 2002	0	5,674	25.96	3.16	$17,953
Jul 2002	0	7,112	24.58	3.06	$21,775
Jun 2002	0	6,553	23.73	3.34	$21,875
May 2002	0	7,053	24.66	3.58	$25,278
Apr 2002	0	6,343	23.65	3.51	$22,279
Mar 2002	0	6,004	22.00	3.10	$18,629
Feb 2002	0	6,644	18.22	2.38	$15,784
Jan 2002	0	7,291	17.17	2.38	$17,321
Dec 2001	0	7,476	16.93	2.36	$17,676
Nov 2001	0	8,180	18.07	2.41	$19,677
Oct 2001	0	7,558	19.78	2.53	$19,113
Sep 2001	0	5,601	24.26	2.25	$12,610
Aug 2001	0	6,573	24.87	3.05	$20,068
Jul 2001	0	8,225	23.93	3.20	$26,296
Jun 2001	0	9,115	24.56	3.82	$34,857
May 2001	0	9,642	25.52	4.31	$41,531
Apr 2001	0	10,308	24.68	5.34	$54,996
Mar 2001	0	9,486	24.54	5.38	$51,001
Feb 2001	2	9,435	27.75	5.77	$54,468
Jan 2001	7	11,199	27.47	8.40	$94,250
Dec 2000	7	10,623	26.88	9.12	$97,096
Nov 2000	7	10,975	32.21	5.66	$62,322
Oct 2000	7	11,872	31.23	5.15	$61,306
Sep 2000	7	11,438	31.87	5.19	$59,546
Aug 2000	40	12,717	29.64	4.54	$58,930
Jul 2000	84	11,644	28.53	4.09	$50,018
Jun 2000	72	12,921	29.30	4.40	$58,926
May 2000	155	13,111	27.26	3.68	$52,471
Apr 2000	68	13,289	24.51	3.12	$43,075
Mar 2000	157	12,885	28.42	2.86	$41,310
Feb 2000	26	14,590	27.62	2.73	$40,498
Jan 2000	8	16,974	25.27	2.48	$42,306
Dec 1999	9	17,711	24.28	2.42	$43,145
Nov 1999	8	18,109	23.19	2.43	$44,263
Oct 1999	9	19,868	20.98	2.80	$55,893
Sep 1999	9	20,740	21.75	2.62	$54,511
Aug 1999	17	20,846	19.26	2.88	$60,272
Jul 1999	54	23,604	17.89	2.37	$56,963
Jun 1999	28	24,499	15.94	2.36	$58,315
May 1999	81	27,479	15.79	2.32	$65,058
Apr 1999	27	24,045	15.10	2.21	$53,500
Mar 1999	73	26,025	12.47	1.84	$48,753
Feb 1999	71	22,130	9.98	1.82	$40,936
Jan 1999	52	32,202	10.38	1.90	$61,722
Dec 1998	97	35,118	9.20	1.77	$63,168
Nov 1998	55	36,977	10.89	2.19	$81,420
Oct 1998	73	41,875	12.42	1.97	$83,367
Sep 1998	52	40,940	12.59	2.08	$85,917
Aug 1998	53	45,199	11.30	1.91	$86,809
Jul 1998	72	48,539	11.74	2.24	$109,440
Jun 1998	121	50,765	11.24	2.24	$114,935
May 1998	172	54,762	12.62	2.21	$122,994
Apr 1998	162	57,234	13.04	2.51	$145,503
Mar 1998	203	62,470	12.80	2.31	$146,869
Feb 1998	265	60,929	13.95	2.30	$143,780
Jan 1998	333	74,019	14.70	2.15	$164,391
Dec 1997	337	83,743	16.32	2.41	$207,413
Nov 1997	402	91,174	18.19	3.09	$288,881
Oct 1997	421	116,207	19.25	3.15	$374,135
Sep 1997	494	129,013	17.74	2.95	$389,981
Aug 1997	559	142,449	17.86	2.55	$373,904
Jul 1997	650	185,006	17.58	2.25	$427,124

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.

Oct 2011 — as filed, then multipliedworked

Condensate            15 bbl  × $ 84.98 =     $1,275
Gas                    0 Mcf  × $  3.65 =         $0

────────────────────────────────────────────────────
Month total                                   $1,275

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/163641 is the state's own key, not one this site invented.