PALMER STATE 348

Operated by MERIT ENERGY COMPANY (P-5 561136) in the HOME RUN (VICKSBURG CONS.) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 175711District 04Field 424032482 tax incentive programmesCondensateGasSaveExport
Value, all time
$28.2 M
Dec 1999 – May 2026
Value, last 12 filed months
$97 k
at the published price for each month
Months reported
318
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 27 leases and 27 wells, and the rule below applies to all of them.

Discovered
2004-04-01
as the register files it
Field class
Oil and gas
the register's own label
Between wells
660 ft
minimum
From a lease line
330 ft
minimum

A drilling unit in this field needs at least 20 acres. The field rule took effect on 2004-10-22.

The Commission's schedule remark for this field reads: P-15 AND PLATS REQUIRED. ALLOCATION FORMULA SUSPENDED.

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 Gas222001-06-25 – 2005-06-202 dockets
NGPA2none

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
CondensateDisposition197,569 bbl$6,822,438
GasProduction4,528,527 Mcf$21,422,013
Total$28,244,451

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 27.1379, -98.0643. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.13787, -98.06426 · 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
12,550 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 12,550 ft.

Completions filed
Feb 2000
1 of 1 wells

1 well

42-04731861212,550 ftFeb 2000

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 (318)

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

318 months

May 2026331,738106.413.05$8,805
Apr 2026161,68798.932.87$6,424
Mar 2026181,76589.753.15$7,174
Feb 2026401,61763.503.75$8,604
Jan 2026151,72859.138.00$14,707
Dec 2025151,60056.664.41$7,911
Nov 2025231,69558.593.93$8,003
Oct 2025161,66259.383.30$6,443
Sep 2025321,79562.743.08$7,531
Aug 2025211,71963.933.01$6,525
Jul 2025321,91766.743.32$8,491
Jun 2025161,66066.483.13$6,257
May 2025311,86360.553.23$7,899
Apr 2025161,78262.363.54$7,312
Mar 2025151,81667.704.27$8,767
Feb 2025321,69370.884.34$9,617
Jan 2025141,91274.324.28$9,221
Dec 2024311,64868.993.12$7,283
Nov 2024161,58769.052.20$4,594
Oct 2024321,80571.372.28$6,402
Sep 202481,79269.612.36$4,794
Aug 2024291,95875.632.06$6,234
Jul 2024151,82279.932.15$5,110
Jun 2024311,82878.082.63$7,235
May 2024301,80078.812.20$6,321
Apr 2024151,91084.451.66$4,436
Mar 2024461,91480.301.55$6,651
Feb 2024151,59676.091.78$3,988
Jan 2024302,11673.023.30$9,168
Dec 2023372,14071.262.61$8,224
Nov 2023322,56077.892.81$9,680
Oct 2023454,30885.443.09$17,145
Sep 20231649989.042.74$2,789
Aug 202302880.522.67$75
Jul 20230074.852.64$0
Jun 202317068.962.26$1,172
May 20230070.622.23$0
Apr 20231876578.122.24$3,118
Mar 2023211,91672.852.39$6,115
Feb 2023921,63575.112.47$10,942
Jan 2023431,91376.533.39$9,772
Dec 20221071,86576.415.73$18,861
Nov 2022461,89585.005.65$14,610
Oct 2022911,84687.185.86$18,758
Sep 2022451,94084.888.16$19,657
Aug 2022322,03694.529.13$21,608
Jul 2022602,032101.587.54$21,420
Jun 2022231,765115.097.98$16,727
May 2022892,468109.378.43$30,547
Apr 2022221,391104.226.84$11,804
Mar 2022562,086108.885.08$16,687
Feb 2022351,82491.054.86$12,049
Jan 2022932,00281.844.54$16,696
Dec 2021771,79771.323.90$12,498
Nov 2021751,92277.435.24$15,872
Oct 2021382,17679.795.71$15,465
Sep 20211062,20169.865.35$19,183
Aug 2021642,09066.024.22$13,046
Jul 20211272,10570.783.98$17,371
Jun 20211262,22969.493.38$16,291
May 2021642,27363.483.02$10,922
Apr 20212102,18460.362.76$18,700
Mar 20212192,38361.302.72$19,899
Feb 20212501,81557.805.55$24,520
Jan 20212521,74250.412.81$17,599
Dec 20202491,77444.642.68$15,862
Nov 20202561,49438.772.71$13,969
Oct 20201261,36036.972.48$8,029
Sep 20202541,43237.091.99$12,272
Aug 20203671,58639.982.39$18,455
Jul 2020211,67938.371.83$3,870
Jun 202001,68034.901.69$2,840
May 202001,64116.921.81$2,978
Apr 202001,77614.751.80$3,205
Mar 202001,85030.341.86$3,434
Feb 202001,70949.881.98$3,385
Jan 202001,57657.252.09$3,301
Dec 201901,80359.012.30$4,155
Nov 201901,70855.302.75$4,698
Oct 201901,90753.472.42$4,612
Sep 201901,72755.052.66$4,589
Aug 201901,90453.112.30$4,388
Jul 201901,94756.272.46$4,790
Jun 201901,84052.782.49$4,584
May 201901,63458.482.74$4,478
Apr 201901,50262.632.75$4,132
Mar 201901,67256.803.06$5,120
Feb 2019932,21650.852.79$10,917
Jan 20192682,26246.033.23$19,638
Dec 20182112,37846.594.19$19,783
Nov 20182122,39652.934.24$21,374
Oct 20181271,69561.443.40$13,563
Sep 20184192,09659.543.11$31,462
Aug 20182001,74759.403.07$17,237
Jul 20181722,21265.142.93$17,689
Jun 201802,43660.183.08$7,495
May 201802,57665.382.90$7,472
Apr 201801,78063.842.90$5,163
Mar 201801,79061.222.79$4,988
Feb 201801,74861.782.77$4,835
Jan 201801,48762.874.01$5,962
Dec 201701,54757.272.92$4,520
Nov 201701,86155.423.12$5,803
Oct 201702,41549.292.98$7,206
Sep 201712,75147.523.09$8,541
Aug 2017291,32145.373.00$5,285
Jul 2017991,62143.873.09$9,348
Jun 2017801,77942.493.09$8,891
May 2017732,56445.373.26$11,679
Apr 2017442,61047.933.21$10,491
Mar 2017532,78446.772.98$10,785
Feb 2017562,22350.452.95$9,389
Jan 201702,94149.413.42$10,055
Dec 201603,69748.763.72$13,763
Nov 201603,34542.492.64$8,845
Oct 201603,74746.193.09$11,579
Sep 201603,60741.553.10$11,184
Aug 2016192,07141.442.92$6,844
Jul 20161102,35741.622.92$11,471
Jun 2016721,94545.352.69$8,489
May 20162175,49342.521.99$20,164
Apr 20163222,48936.561.99$16,728
Mar 20161371,43933.011.79$7,104
Feb 20162212,88826.472.06$11,810
Jan 20161493,44827.352.36$12,227
Dec 20151882,66432.362.00$11,415
Nov 2015473,21538.792.17$8,791
Oct 201503,12343.552.43$7,578
Sep 201503,11242.992.76$8,584
Aug 201503,65840.162.87$10,508
Jul 201501,57948.152.95$4,650
Jun 201501,74256.152.88$5,022
May 201501,95555.212.96$5,778
Apr 201502,66749.822.71$7,218
Mar 201502,74042.892.93$8,041
Feb 201502,37944.662.98$7,080
Jan 20151302,58843.433.10$13,670
Dec 20141402,63354.693.59$17,113
Nov 20141382,73870.464.25$21,365
Oct 2014323,39978.303.90$15,765
Sep 20141523,06086.164.05$25,475
Aug 20141603,35389.394.04$27,832
Jul 201403,08896.564.18$12,907
Jun 20141483,21898.164.74$29,771
May 20141583,40394.734.73$31,052
Apr 20141283,08895.944.81$27,131
Mar 20141902,50195.895.06$30,866
Feb 201405097.406.19$310
Jan 20141494590.404.86$13,688
Dec 201303,19191.824.35$13,895
Nov 20131861,35088.853.74$21,573
Oct 20131543,04197.423.78$26,496
Sep 20131732,677104.113.72$27,963
Aug 201303,009104.253.52$10,600
Jul 20131463,582102.523.72$28,285
Jun 20131553,14994.403.93$27,018
May 20131323,68194.834.15$27,790
Apr 20131373,69393.964.28$28,688
Mar 20131813,22793.623.91$29,572
Feb 20131813,35491.233.42$27,983
Jan 2013013991.603.42$475
Dec 20123183,80786.773.42$40,613
Nov 201204,27786.953.62$15,504
Oct 20121664,21489.383.40$29,163
Sep 201204,27594.672.92$12,476
Aug 20122604,47992.662.91$37,117
Jul 20121474,17185.133.02$25,114
Jun 201204,07679.822.52$10,268
May 201204,30991.612.49$10,722
Apr 20121784,365101.652.00$26,810
Mar 20121604,206105.052.22$26,154
Feb 20121663,961101.102.57$26,963
Jan 20121644,07498.092.73$27,225
Dec 20111694,74096.873.24$31,727
Nov 20111744,41495.723.31$31,271
Oct 20111744,55084.983.65$31,387
Sep 20111644,38483.623.99$31,187
Aug 20111714,50583.404.15$32,954
Jul 20111653,99994.144.52$33,598
Jun 20111694,44092.904.64$36,301
May 20111754,92198.134.40$38,849
Apr 20111775,002105.964.33$40,430
Mar 20111785,49196.364.06$39,431
Feb 20111564,12285.644.18$30,590
Jan 20111753,29886.504.59$30,271
Dec 20101734,62085.734.35$34,918
Nov 20102754,89880.843.80$40,821
Oct 2010615,39178.103.51$23,681
Sep 20103374,70172.633.98$43,184
Aug 201005,66973.684.42$25,053
Jul 20101795,35372.554.74$38,341
Jun 20103714,04270.364.91$45,951
May 201005,22371.124.24$22,121
Apr 20102824,94381.694.12$43,415
Mar 20101655,18978.394.39$35,707
Feb 20101504,55773.585.44$35,838
Jan 20101784,58974.365.96$40,605
Dec 20091594,98971.445.48$38,717
Nov 20091695,62074.593.75$33,689
Oct 20091775,30772.544.11$34,653
Sep 20093285,87365.543.06$39,496
Aug 20093055,47467.423.22$38,181
Jul 20091796,41061.133.46$33,150
Jun 200905,62866.163.90$21,921
May 20091286,03854.743.93$30,710
Apr 20093425,97046.773.59$37,413
Mar 20091697,29442.144.06$36,728
Feb 200906,61032.814.63$30,624
Jan 20093617,01835.865.37$50,639
Dec 20081837,52837.105.98$51,785
Nov 20081838,19055.496.86$66,341
Oct 20081787,61075.246.92$66,069
Sep 20083317,974101.767.88$96,494
Aug 20081687,751114.228.48$84,941
Jul 20081707,526131.0811.39$108,000
Jun 20081677,716131.3313.03$122,492
May 20083548,587123.1711.57$142,991
Apr 20081818,660110.3110.45$110,505
Mar 20083659,056101.909.66$124,711
Feb 20081868,38392.538.77$90,734
Jan 20083589,21390.388.21$107,955
Dec 20073679,81288.337.30$104,064
Nov 20071814,62191.677.29$50,287
Oct 200736010,03282.856.92$99,267
Sep 200718010,13475.846.24$76,930
Aug 200735210,18169.066.39$89,345
Jul 200735211,16570.906.39$96,278
Jun 200717711,12462.007.55$94,943
May 200736311,52058.747.85$111,712
Apr 200736211,21159.617.81$109,083
Mar 200737311,94556.927.30$108,453
Feb 200736710,84955.108.22$109,357
Jan 200736711,70950.306.73$97,225
Dec 200636111,39656.656.92$99,293
Nov 200636711,88954.207.62$110,456
Oct 200635912,13654.906.01$92,693
Sep 200634611,32060.085.04$77,809
Aug 200616812,46768.717.34$103,050
Jul 200633112,10069.376.34$99,709
Jun 200636211,81466.286.38$99,413
May 200637411,88766.016.42$101,062
Apr 200654712,52264.397.36$127,389
Mar 200636914,96556.707.08$126,918
Feb 20061867,04257.597.75$65,295
Jan 200636913,45460.598.93$142,547
Dec 200517213,21754.9413.42$186,761
Nov 200534012,31554.6910.59$148,991
Oct 200553113,25158.3413.80$213,786
Sep 200552613,04061.4512.08$189,833
Aug 200554015,12961.519.80$181,432
Jul 200546313,28655.697.84$129,995
Jun 200518010,05552.337.38$83,636
May 200516710,50645.226.65$77,429
Apr 200556318,19149.207.36$161,594
Mar 200555817,76250.377.15$155,191
Feb 200555816,48545.226.31$129,285
Jan 200558218,25543.166.32$140,531
Dec 200465717,19639.866.75$142,280
Nov 200454015,42045.286.33$122,066
Oct 200464119,94949.706.52$161,827
Sep 200452120,65943.245.28$131,688
Aug 200476819,04742.375.55$138,264
Jul 200454019,35938.286.08$138,455
Jun 200471720,64736.106.43$158,706
May 200475121,62937.486.49$168,619
Apr 200454820,76634.475.86$140,546
Mar 200437023,77034.365.53$144,165
Feb 200467320,02932.455.51$132,191
Jan 200486824,92832.036.30$184,839
Dec 200391326,39730.266.30$193,972
Nov 200394627,07328.804.60$151,650
Oct 200396528,01628.174.76$160,530
Sep 200383126,25326.314.75$146,549
Aug 20031,14529,47729.765.13$185,284
Jul 20031,01025,50429.415.17$161,581
Jun 20031,21027,57528.565.98$199,538
May 20031,08223,34126.595.97$168,179
Apr 20031,18426,90126.675.41$177,039
Mar 20031,05422,57931.146.10$170,464
Feb 20031,28726,46033.487.93$252,808
Jan 20031,42530,53330.315.58$213,628
Dec 20021,37730,78826.914.85$186,493
Nov 20021,77530,21824.664.14$168,782
Oct 20021,27428,57026.464.23$154,536
Sep 20021,45230,86027.443.64$152,025
Aug 20021,60232,99625.963.16$145,993
Jul 20021,81235,19224.583.06$152,288
Jun 20021,81135,91023.733.34$162,851
May 20021,88537,48324.663.58$180,823
Apr 20021,99938,63923.653.51$182,989
Mar 20021,99242,63322.003.10$176,102
Feb 20021,98640,91218.222.38$133,379
Jan 20022,20545,95217.172.38$147,027
Dec 20012,35946,47016.932.36$149,812
Nov 20012,49646,91118.072.41$157,948
Oct 20012,51551,19119.782.53$179,203
Sep 20012,34352,15924.262.25$174,268
Aug 20012,83859,37324.873.05$251,856
Jul 20012,69061,05723.933.20$259,576
Jun 20012,69762,12024.563.82$303,795
May 20013,13568,16225.524.31$373,601
Apr 20013,12466,89824.685.34$434,023
Mar 20013,69278,63124.545.38$513,357
Feb 20013,67877,51127.755.77$549,077
Jan 20014,38996,97927.478.40$935,069
Dec 20004,656101,07426.889.12$1,047,201
Nov 20004,864105,54032.215.66$753,815
Oct 20004,561110,82931.235.15$712,711
Sep 20003,928108,91631.875.19$690,078
Aug 20006,708127,74929.644.54$778,901
Jul 20006,835116,91828.534.09$673,168
Jun 20008,290155,93329.304.40$928,573
May 200010,410170,77627.263.68$912,190
Apr 200010,725190,35424.513.12$856,013
Mar 200012,579252,76028.422.86$1,080,326
Feb 20004,445105,92427.622.73$411,573
Jan 20001,48618,64625.272.48$83,803
Dec 19995,09989,20824.282.42$340,019

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            33 bbl  × $106.41 =     $3,512
Gas                1,738 Mcf  × $  3.05 =     $5,294

────────────────────────────────────────────────────
Month total                                   $8,805

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/175711 is the state's own key, not one this site invented.