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 182101District 04Field 424032482 tax incentive programmesCondensateGasSaveExport
Value, all time
$7.5 M
Feb 2001 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
304
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 Gas222001-06-08 – 2005-06-222 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
CondensateDisposition55,219 bbl$1,653,281
GasProduction1,254,308 Mcf$5,845,620
Total$7,498,901

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 27.1358, -98.0602. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.13581, -98.06022 · 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
13,200 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 13,200 ft.

Completions filed
Mar 2001
1 of 1 wells

1 well

42-04731909413,200 ftMar 2001

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 (304)

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

304 months

May 202600106.413.05$0
Apr 20260098.932.87$0
Mar 20260089.753.15$0
Feb 20260063.503.75$0
Jan 20260059.138.00$0
Dec 20250056.664.41$0
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 20230089.042.74$0
Aug 20230080.522.67$0
Jul 20230074.852.64$0
Jun 20230068.962.26$0
May 20230070.622.23$0
Apr 20230078.122.24$0
Mar 20230072.852.39$0
Feb 20230075.112.47$0
Jan 20230076.533.39$0
Dec 20220076.415.73$0
Nov 20220085.005.65$0
Oct 20220087.185.86$0
Sep 20220084.888.16$0
Aug 20220094.529.13$0
Jul 202200101.587.54$0
Jun 202200115.097.98$0
May 202200109.378.43$0
Apr 202200104.226.84$0
Mar 202200108.885.08$0
Feb 20220091.054.86$0
Jan 20220081.844.54$0
Dec 20210071.323.90$0
Nov 20210077.435.24$0
Oct 20210079.795.71$0
Sep 20210069.865.35$0
Aug 20210066.024.22$0
Jul 20210070.783.98$0
Jun 20210069.493.38$0
May 20210063.483.02$0
Apr 20210060.362.76$0
Mar 20210061.302.72$0
Feb 20210057.805.55$0
Jan 20210050.412.81$0
Dec 20200044.642.68$0
Nov 20200038.772.71$0
Oct 20200036.972.48$0
Sep 20200037.091.99$0
Aug 20200039.982.39$0
Jul 20200038.371.83$0
Jun 20200034.901.69$0
May 20200016.921.81$0
Apr 20200014.751.80$0
Mar 20200030.341.86$0
Feb 20200049.881.98$0
Jan 20200057.252.09$0
Dec 20190059.012.30$0
Nov 20190055.302.75$0
Oct 20190053.472.42$0
Sep 20190055.052.66$0
Aug 20190053.112.30$0
Jul 20190056.272.46$0
Jun 20190052.782.49$0
May 20190058.482.74$0
Apr 20190062.632.75$0
Mar 20190056.803.06$0
Feb 20190050.852.79$0
Jan 20190046.033.23$0
Dec 20180046.594.19$0
Nov 20180052.934.24$0
Oct 20180061.443.40$0
Sep 20180059.543.11$0
Aug 20180059.403.07$0
Jul 20180065.142.93$0
Jun 20180060.183.08$0
May 20180065.382.90$0
Apr 20180063.842.90$0
Mar 20180061.222.79$0
Feb 20180061.782.77$0
Jan 20180062.874.01$0
Dec 20170057.272.92$0
Nov 20170055.423.12$0
Oct 20170049.292.98$0
Sep 20170047.523.09$0
Aug 20170045.373.00$0
Jul 20170043.873.09$0
Jun 20170042.493.09$0
May 20170045.373.26$0
Apr 20170047.933.21$0
Mar 201763046.772.98$2,947
Feb 20170050.452.95$0
Jan 20170049.413.42$0
Dec 20160048.763.72$0
Nov 20160042.492.64$0
Oct 20160046.193.09$0
Sep 20160041.553.10$0
Aug 20160041.442.92$0
Jul 20160041.622.92$0
Jun 20160045.352.69$0
May 20160042.521.99$0
Apr 20160036.561.99$0
Mar 20160033.011.79$0
Feb 20160026.472.06$0
Jan 20160027.352.36$0
Dec 20150032.362.00$0
Nov 20150038.792.17$0
Oct 20150043.552.43$0
Sep 20150042.992.76$0
Aug 20150040.162.87$0
Jul 201505748.152.95$168
Jun 201501256.152.88$35
May 20150055.212.96$0
Apr 20150049.822.71$0
Mar 20150042.892.93$0
Feb 20150044.662.98$0
Jan 20150043.433.10$0
Dec 20140054.693.59$0
Nov 20140070.464.25$0
Oct 20140078.303.90$0
Sep 20140086.164.05$0
Aug 20140089.394.04$0
Jul 20140096.564.18$0
Jun 20140098.164.74$0
May 20140094.734.73$0
Apr 20140095.944.81$0
Mar 20140095.895.06$0
Feb 20140097.406.19$0
Jan 20140090.404.86$0
Dec 20130091.824.35$0
Nov 20130088.853.74$0
Oct 20130097.423.78$0
Sep 201300104.113.72$0
Aug 201300104.253.52$0
Jul 201300102.523.72$0
Jun 20130094.403.93$0
May 20130094.834.15$0
Apr 20130093.964.28$0
Mar 20130093.623.91$0
Feb 20130091.233.42$0
Jan 20130091.603.42$0
Dec 20120086.773.42$0
Nov 20120086.953.62$0
Oct 20120089.383.40$0
Sep 20120094.672.92$0
Aug 20120092.662.91$0
Jul 20120085.133.02$0
Jun 20120079.822.52$0
May 20120091.612.49$0
Apr 201200101.652.00$0
Mar 201200105.052.22$0
Feb 201200101.102.57$0
Jan 20120098.092.73$0
Dec 20110096.873.24$0
Nov 20110095.723.31$0
Oct 20110084.983.65$0
Sep 20110083.623.99$0
Aug 20110083.404.15$0
Jul 20110094.144.52$0
Jun 20110092.904.64$0
May 20110098.134.40$0
Apr 201100105.964.33$0
Mar 20110096.364.06$0
Feb 20110085.644.18$0
Jan 201155486.504.59$4,776
Dec 201003585.734.35$152
Nov 2010025880.843.80$979
Oct 20108793978.103.51$10,090
Sep 2010093172.633.98$3,705
Aug 2010099473.684.42$4,393
Jul 2010099472.554.74$4,708
Jun 201017096270.364.91$16,685
May 201001,00671.124.24$4,261
Apr 2010096281.694.12$3,966
Mar 201001,03578.394.39$4,542
Feb 201013398573.585.44$15,147
Jan 201001,16174.365.96$6,924
Dec 200901,17571.445.48$6,443
Nov 20091321,20874.593.75$14,378
Oct 200901,26072.544.11$5,179
Sep 200901,17065.543.06$3,586
Aug 20091521,26767.423.22$14,326
Jul 200901,35661.133.46$4,698
Jun 200901,32166.163.90$5,145
May 20091791,38554.743.93$15,236
Apr 200901,30546.773.59$4,682
Mar 200901,53442.144.06$6,227
Feb 200901,28832.814.63$5,967
Jan 20091791,42835.865.37$14,089
Dec 200801,40037.105.98$8,368
Nov 20081461,38555.496.86$17,603
Oct 200801,45875.246.92$10,092
Sep 200801,418101.767.88$11,170
Aug 20081791,514114.228.48$33,289
Jul 200801,534131.0811.39$17,471
Jun 200801,502131.3313.03$19,575
May 20081761,568123.1711.57$39,826
Apr 200801,564110.3110.45$16,351
Mar 20081641,643101.909.66$32,590
Feb 200801,62092.538.77$14,208
Jan 200801,80690.388.21$14,820
Dec 20071801,90688.337.30$29,817
Nov 200701,30091.677.29$9,479
Oct 200701,98482.856.92$13,733
Sep 20071801,97875.846.24$26,002
Aug 200702,16569.066.39$13,830
Jul 20071762,25770.906.39$26,896
Jun 200702,32662.007.55$17,558
May 20071812,42358.747.85$29,643
Apr 200702,58859.617.81$20,200
Mar 20071802,46456.927.30$28,238
Feb 200702,30455.108.22$18,930
Jan 20071852,41450.306.73$25,544
Dec 20061372,39056.656.92$24,296
Nov 200602,24854.207.62$17,124
Oct 20061782,40554.906.01$24,235
Sep 200602,45560.085.04$12,366
Aug 20061682,62568.717.34$30,811
Jul 20061852,50869.376.34$28,741
Jun 200602,57766.286.38$16,451
May 20061812,56766.016.42$28,441
Apr 20061782,52364.397.36$30,032
Mar 20061763,70056.707.08$36,186
Feb 200601,69357.597.75$13,123
Jan 20061813,58760.598.93$43,011
Dec 20053083,73154.9413.42$66,974
Nov 20051823,48354.6910.59$46,833
Oct 20051593,51658.3413.80$57,782
Sep 20051783,86861.4512.08$57,660
Aug 20051744,31361.519.80$52,957
Jul 20051794,44455.697.84$44,826
Jun 20051775,39252.337.38$49,061
May 20051585,63345.226.65$44,611
Apr 20051796,06949.207.36$53,478
Mar 20053796,30550.377.15$64,202
Feb 20051636,82745.226.31$50,462
Jan 20053816,29243.166.32$56,223
Dec 20043096,44339.866.75$55,814
Nov 20043565,68545.286.33$52,108
Oct 20041716,78949.706.52$52,730
Sep 20041776,66343.245.28$42,860
Aug 20044136,37442.375.55$52,879
Jul 20041766,87138.286.08$48,542
Jun 20043606,98536.106.43$57,931
May 20044957,40737.486.49$66,658
Apr 20043758,91134.475.86$65,131
Mar 20043158,37334.365.53$57,127
Feb 20041777,83832.455.51$48,928
Jan 20045609,99532.036.30$80,902
Dec 200335110,47430.266.30$76,625
Nov 2003010,80528.804.60$49,651
Oct 200316910,70028.174.76$55,689
Sep 200334210,42226.314.75$58,496
Aug 200334510,77229.765.13$65,525
Jul 20033369,37829.415.17$58,374
Jun 200351512,70128.565.98$90,698
May 200349412,99626.595.97$90,756
Apr 200350414,14126.675.41$89,906
Mar 200345214,99931.146.10$105,510
Feb 200372915,92133.487.93$150,595
Jan 200349015,92230.315.58$103,729
Dec 200271719,13026.914.85$112,147
Nov 200279718,42124.664.14$95,861
Oct 200274316,15126.464.23$87,964
Sep 200273811,89227.443.64$63,481
Aug 200293513,98425.963.16$68,520
Jul 200275619,26924.583.06$77,580
Jun 200276819,17423.733.34$82,232
May 20021,08021,07224.663.58$102,155
Apr 200291522,25423.653.51$99,803
Mar 20021,51124,57022.003.10$109,476
Feb 20021,31225,02118.222.38$83,347
Jan 20021,32030,08917.172.38$94,146
Dec 20011,30733,54816.932.36$101,448
Nov 20011,28333,86618.072.41$104,649
Oct 20012,38540,80619.782.53$150,369
Sep 20012,14543,77224.262.25$150,582
Aug 20012,13447,03924.873.05$196,690
Jul 20011,80037,43023.933.20$162,741
Jun 20012,92469,69024.563.82$338,319
May 20013,75085,89925.524.31$465,694
Apr 20019,294185,29324.685.34$1,217,973
Mar 20011,09626,51124.545.38$169,431
Feb 2001010,15827.755.77$58,582

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.

Mar 2017 — as filed, then multipliedworked
Condensate            63 bbl  × $ 46.77 =     $2,947
Gas                    0 Mcf  × $  2.98 =         $0

────────────────────────────────────────────────────
Month total                                   $2,947

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/182101 is the state's own key, not one this site invented.