PALMER STATE 348

Name: PALMER STATE 348 lease production and value, Aug 2000 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by OXY USA INC. (P-5 630591) 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 179852District 04Field 424032482 tax incentive programmesCondensateGasSave Export

Value, all time

$18.3 M

Aug 2000 – Oct 2016

Value, last 12 filed months

$1 k

at the published price for each month

Months reported

195

no gaps in the span

Streams

condensate, gas

The HOME RUN (VICKSBURG CONS.) 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 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.

Programme	Filings	With an approval date	Dated	Docket
High Cost Gas	1	1	2001-07-17	143609
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	91,495 bbl	$3,518,103
Gas	Production	2,647,696 Mcf	$14,752,609
Total			$18,270,712

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 27.1388, -98.0598. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.13884, -98.05980 · 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

0.0%

0 of 1 wells

Median depth

12,405 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

1100.0%

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.

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 12,405 ft.

Completions filed

May 2016

1 of 1 wells

1 well


42-04731890	3S	12,405 ft	May 2016	—	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 (195)

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

195 months


Oct 2016	0	0	46.19	3.09	$0
Sep 2016	0	0	41.55	3.10	$0
Aug 2016	0	0	41.44	2.92	$0
Jul 2016	0	0	41.62	2.92	$0
Jun 2016	0	0	45.35	2.69	$0
May 2016	0	0	42.52	1.99	$0
Apr 2016	0	0	36.56	1.99	$0
Mar 2016	0	0	33.01	1.79	$0
Feb 2016	45	0	26.47	2.06	$1,191
Jan 2016	0	0	27.35	2.36	$0
Dec 2015	0	0	32.36	2.00	$0
Nov 2015	0	0	38.79	2.17	$0
Oct 2015	0	0	43.55	2.43	$0
Sep 2015	0	0	42.99	2.76	$0
Aug 2015	0	0	40.16	2.87	$0
Jul 2015	0	0	48.15	2.95	$0
Jun 2015	0	0	56.15	2.88	$0
May 2015	0	0	55.21	2.96	$0
Apr 2015	0	0	49.82	2.71	$0
Mar 2015	0	0	42.89	2.93	$0
Feb 2015	0	0	44.66	2.98	$0
Jan 2015	0	0	43.43	3.10	$0
Dec 2014	0	0	54.69	3.59	$0
Nov 2014	0	0	70.46	4.25	$0
Oct 2014	0	0	78.30	3.90	$0
Sep 2014	0	0	86.16	4.05	$0
Aug 2014	0	0	89.39	4.04	$0
Jul 2014	0	0	96.56	4.18	$0
Jun 2014	0	0	98.16	4.74	$0
May 2014	0	84	94.73	4.73	$397
Apr 2014	203	91	95.94	4.81	$19,913
Mar 2014	0	87	95.89	5.06	$440
Feb 2014	0	17	97.40	6.19	$105
Jan 2014	0	16	90.40	4.86	$78
Dec 2013	0	2	91.82	4.35	$9
Nov 2013	192	1,421	88.85	3.74	$22,371
Oct 2013	0	1,364	97.42	3.78	$5,155
Sep 2013	0	1,818	104.11	3.72	$6,759
Aug 2013	186	2,182	104.25	3.52	$27,077
Jul 2013	0	2,125	102.52	3.72	$7,900
Jun 2013	0	1,612	94.40	3.93	$6,341
May 2013	180	1,530	94.83	4.15	$23,417
Apr 2013	0	1,802	93.96	4.28	$7,717
Mar 2013	0	2,365	93.62	3.91	$9,254
Feb 2013	190	2,086	91.23	3.42	$24,468
Jan 2013	0	7	91.60	3.42	$24
Dec 2012	0	2,545	86.77	3.42	$8,704
Nov 2012	0	2,447	86.95	3.62	$8,870
Oct 2012	187	2,478	89.38	3.40	$25,138
Sep 2012	0	2,446	94.67	2.92	$7,138
Aug 2012	0	2,520	92.66	2.91	$7,329
Jul 2012	167	3,038	85.13	3.02	$23,394
Jun 2012	0	2,458	79.82	2.52	$6,192
May 2012	189	2,714	91.61	2.49	$24,068
Apr 2012	0	2,871	101.65	2.00	$5,733
Mar 2012	0	2,721	105.05	2.22	$6,046
Feb 2012	252	2,686	101.10	2.57	$32,381
Jan 2012	0	2,683	98.09	2.73	$7,336
Dec 2011	0	2,967	96.87	3.24	$9,612
Nov 2011	190	2,742	95.72	3.31	$27,266
Oct 2011	0	2,431	84.98	3.65	$8,870
Sep 2011	0	2,739	83.62	3.99	$10,917
Aug 2011	176	2,872	83.40	4.15	$26,595
Jul 2011	0	2,745	94.14	4.52	$12,400
Jun 2011	187	2,922	92.90	4.64	$30,930
May 2011	0	3,158	98.13	4.40	$13,910
Apr 2011	186	3,379	105.96	4.33	$34,351
Mar 2011	0	3,122	96.36	4.06	$12,667
Feb 2011	178	2,873	85.64	4.18	$27,253
Jan 2011	193	2,161	86.50	4.59	$26,611
Dec 2010	0	3,397	85.73	4.35	$14,769
Nov 2010	190	3,235	80.84	3.80	$27,637
Oct 2010	0	3,899	78.10	3.51	$13,681
Sep 2010	185	3,631	72.63	3.98	$27,886
Aug 2010	0	4,001	73.68	4.42	$17,682
Jul 2010	189	4,156	72.55	4.74	$33,397
Jun 2010	0	3,565	70.36	4.91	$17,506
May 2010	188	4,326	71.12	4.24	$31,692
Apr 2010	198	4,158	81.69	4.12	$33,317
Mar 2010	189	4,270	78.39	4.39	$33,555
Feb 2010	0	3,864	73.58	5.44	$21,029
Jan 2010	191	4,263	74.36	5.96	$39,628
Dec 2009	191	4,106	71.44	5.48	$36,161
Nov 2009	188	4,513	74.59	3.75	$30,953
Oct 2009	0	4,612	72.54	4.11	$18,956
Sep 2009	186	4,892	65.54	3.06	$27,183
Aug 2009	0	4,361	67.42	3.22	$14,036
Jul 2009	188	5,101	61.13	3.46	$29,165
Jun 2009	0	4,864	66.16	3.90	$18,945
May 2009	377	5,136	54.74	3.93	$40,800
Apr 2009	0	5,333	46.77	3.59	$19,132
Mar 2009	363	6,141	42.14	4.06	$40,223
Feb 2009	0	5,569	32.81	4.63	$25,801
Jan 2009	192	7,634	35.86	5.37	$47,887
Dec 2008	0	7,575	37.10	5.98	$45,277
Nov 2008	355	5,774	55.49	6.86	$59,311
Oct 2008	0	6,172	75.24	6.92	$42,722
Sep 2008	183	5,992	101.76	7.88	$65,822
Aug 2008	387	6,628	114.22	8.48	$100,429
Jul 2008	181	7,330	131.08	11.39	$107,210
Jun 2008	182	7,613	131.33	13.03	$123,119
May 2008	177	7,548	123.17	11.57	$109,164
Apr 2008	182	8,685	110.31	10.45	$110,877
Mar 2008	180	9,148	101.90	9.66	$106,749
Feb 2008	189	9,934	92.53	8.77	$104,615
Jan 2008	361	11,133	90.38	8.21	$123,982
Dec 2007	551	15,286	88.33	7.30	$160,288
Nov 2007	196	9,359	91.67	7.29	$86,210
Oct 2007	378	16,736	82.85	6.92	$147,164
Sep 2007	361	14,786	75.84	6.24	$119,704
Aug 2007	561	16,432	69.06	6.39	$143,709
Jul 2007	387	12,397	70.90	6.39	$106,630
Jun 2007	543	15,324	62.00	7.55	$149,338
May 2007	577	17,508	58.74	7.85	$171,266
Apr 2007	196	2,564	59.61	7.81	$31,696
Mar 2007	184	1,960	56.92	7.30	$24,785
Feb 2007	0	2,464	55.10	8.22	$20,244
Jan 2007	0	3,103	50.30	6.73	$20,873
Dec 2006	160	3,050	56.65	6.92	$30,165
Nov 2006	0	3,211	54.20	7.62	$24,460
Oct 2006	187	4,317	54.90	6.01	$36,228
Sep 2006	0	4,928	60.08	5.04	$24,823
Aug 2006	177	6,559	68.71	7.34	$60,304
Jul 2006	2	9,931	69.37	6.34	$63,129
Jun 2006	334	11,437	66.28	6.38	$95,150
May 2006	716	22,350	66.01	6.42	$190,862
Apr 2006	1,436	32,348	64.39	7.36	$330,561
Mar 2006	931	28,782	56.70	7.08	$256,648
Feb 2006	950	19,495	57.59	7.75	$205,819
Jan 2006	1,837	41,492	60.59	8.93	$481,965
Dec 2005	0	7,874	54.94	13.42	$105,633
Nov 2005	0	0	54.69	10.59	$0
Oct 2005	0	0	58.34	13.80	$0
Sep 2005	0	0	61.45	12.08	$0
Aug 2005	0	0	61.51	9.80	$0
Jul 2005	0	0	55.69	7.84	$0
Jun 2005	0	0	52.33	7.38	$0
May 2005	0	0	45.22	6.65	$0
Apr 2005	0	0	49.20	7.36	$0
Mar 2005	0	0	50.37	7.15	$0
Feb 2005	0	0	45.22	6.31	$0
Jan 2005	0	0	43.16	6.32	$0
Dec 2004	0	0	39.86	6.75	$0
Nov 2004	0	0	45.28	6.33	$0
Oct 2004	0	0	49.70	6.52	$0
Sep 2004	0	0	43.24	5.28	$0
Aug 2004	436	9,308	42.37	5.55	$70,139
Jul 2004	545	31,594	38.28	6.08	$213,086
Jun 2004	728	27,394	36.10	6.43	$202,507
May 2004	1,007	29,503	37.48	6.49	$229,352
Apr 2004	723	27,696	34.47	5.86	$187,178
Mar 2004	590	26,397	34.36	5.53	$166,252
Feb 2004	802	22,384	32.45	5.51	$149,352
Jan 2004	1,004	30,829	32.03	6.30	$226,370
Dec 2003	839	31,892	30.26	6.30	$226,360
Nov 2003	991	29,153	28.80	4.60	$162,504
Oct 2003	1,135	33,581	28.17	4.76	$191,806
Sep 2003	996	31,684	26.31	4.75	$176,683
Aug 2003	1,069	36,790	29.76	5.13	$220,536
Jul 2003	1,213	36,547	29.41	5.17	$224,653
Jun 2003	972	37,190	28.56	5.98	$250,267
May 2003	1,369	44,982	26.59	5.97	$305,065
Apr 2003	1,569	48,779	26.67	5.41	$305,607
Mar 2003	1,860	56,035	31.14	6.10	$399,512
Feb 2003	2,155	65,380	33.48	7.93	$590,343
Jan 2003	2,999	73,984	30.31	5.58	$503,881
Dec 2002	4,017	93,165	26.91	4.85	$560,298
Nov 2002	5,969	115,071	24.66	4.14	$623,240
Oct 2002	3,736	99,514	26.46	4.23	$519,711
Sep 2002	1	1,145	27.44	3.64	$4,190
Aug 2002	0	0	25.96	3.16	$0
Jul 2002	0	0	24.58	3.06	$0
Jun 2002	0	0	23.73	3.34	$0
May 2002	0	0	24.66	3.58	$0
Apr 2002	0	0	23.65	3.51	$0
Mar 2002	0	0	22.00	3.10	$0
Feb 2002	0	0	18.22	2.38	$0
Jan 2002	0	0	17.17	2.38	$0
Dec 2001	0	0	16.93	2.36	$0
Nov 2001	0	0	18.07	2.41	$0
Oct 2001	0	133	19.78	2.53	$336
Sep 2001	1,233	27,777	24.26	2.25	$92,448
Aug 2001	712	26,190	24.87	3.05	$97,670
Jul 2001	1,097	38,877	23.93	3.20	$150,544
Jun 2001	1,435	45,909	24.56	3.82	$210,807
May 2001	860	25,664	25.52	4.31	$132,490
Apr 2001	598	21,292	24.68	5.34	$128,358
Mar 2001	990	33,314	24.54	5.38	$203,405
Feb 2001	1,528	33,956	27.75	5.77	$238,229
Jan 2001	1,213	40,923	27.47	8.40	$377,024
Dec 2000	1,320	36,924	26.88	9.12	$372,321
Nov 2000	2,636	98,866	32.21	5.66	$644,289
Oct 2000	5,694	155,598	31.23	5.15	$978,453
Sep 2000	9,515	219,221	31.87	5.19	$1,440,233
Aug 2000	6,982	192,476	29.64	4.54	$1,080,932

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.

Feb 2016 — as filed, then multipliedworked

Condensate            45 bbl  × $ 26.47 =     $1,191
Gas                    0 Mcf  × $  2.06 =         $0

────────────────────────────────────────────────────
Month total                                   $1,191

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/179852 is the state's own key, not one this site invented.