PALMER 347

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 191724District 04Field 424032482 tax incentive programmesCondensateGasSaveExport
Value, all time
$13.7 M
Aug 2002 – May 2026
Value, last 12 filed months
$10 k
at the published price for each month
Months reported
286
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 Gas112003-01-23149912
NGPA1none

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
CondensateDisposition87,752 bbl$3,358,005
GasProduction1,884,382 Mcf$10,364,367
Total$13,722,372

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 27.1440, -98.0598. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.14398, -98.05978 · 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
12,740 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 12,740 ft.

Completions filed
Sep 2002
1 of 1 wells

1 well

42-047320075R12,740 ftSep 2002

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 (286)

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

286 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 2025051959.383.30$1,715
Sep 2025078762.743.08$2,422
Aug 2025060263.933.01$1,815
Jul 2025059466.743.32$1,969
Jun 2025055066.483.13$1,721
May 2025061860.553.23$1,998
Apr 2025059162.363.54$2,094
Mar 2025057767.704.27$2,463
Feb 2025053170.884.34$2,305
Jan 2025068474.324.28$2,927
Dec 2024066268.993.12$2,066
Nov 2024058369.052.20$1,282
Oct 2024058871.372.28$1,341
Sep 2024051669.612.36$1,220
Aug 2024067275.632.06$1,387
Jul 2024069379.932.15$1,488
Jun 2024068778.082.63$1,810
May 2024059378.812.20$1,304
Apr 2024069584.451.66$1,153
Mar 2024057080.301.55$881
Feb 2024079576.091.78$1,418
Jan 2024075773.023.30$2,496
Dec 2023091971.262.61$2,399
Nov 202301,29077.892.81$3,622
Oct 2023068585.443.09$2,115
Sep 20230289.042.74$5
Aug 20230080.522.67$0
Jul 20230074.852.64$0
Jun 20230068.962.26$0
May 20230070.622.23$0
Apr 2023024878.122.24$555
Mar 2023372672.852.39$1,956
Feb 20231658975.112.47$2,654
Jan 20232468276.533.39$4,147
Dec 20223065576.415.73$6,045
Nov 20222366085.005.65$5,681
Oct 20223462587.185.86$6,629
Sep 20222362784.888.16$7,071
Aug 20225073994.529.13$11,471
Jul 202286731101.587.54$14,249
Jun 2022129633115.097.98$19,896
May 202283634109.378.43$14,424
Apr 202283434104.226.84$11,618
Mar 2022109675108.885.08$15,294
Feb 20224960491.054.86$7,396
Jan 2022068481.844.54$3,104
Dec 2021078271.323.90$3,049
Nov 2021073877.435.24$3,865
Oct 2021074279.795.71$4,240
Sep 2021084069.865.35$4,495
Aug 2021068766.024.22$2,900
Jul 2021071970.783.98$2,863
Jun 2021069669.493.38$2,353
May 2021075663.483.02$2,281
Apr 2021166760.362.76$1,900
Mar 20212167461.302.72$3,119
Feb 20215478457.805.55$7,471
Jan 20217198250.412.81$6,339
Dec 20205360344.642.68$3,979
Nov 20207192038.772.71$5,243
Oct 2020531,00636.972.48$4,453
Sep 2020591,19037.091.99$4,558
Aug 20203478639.982.39$3,234
Jul 20205165538.371.83$3,152
Jun 202010088334.901.69$4,983
May 20201011,02816.921.81$3,574
Apr 20204199514.751.80$2,400
Mar 2020598530.341.86$1,980
Feb 2020089549.881.98$1,773
Jan 2020078057.252.09$1,634
Dec 2019092459.012.30$2,129
Nov 2019096055.302.75$2,641
Oct 201901,01553.472.42$2,455
Sep 201901,01855.052.66$2,705
Aug 201901,13853.112.30$2,622
Jul 2019099756.272.46$2,453
Jun 2019091752.782.49$2,284
May 201901,05358.482.74$2,886
Apr 2019096662.632.75$2,657
Mar 2019098756.803.06$3,022
Feb 201901,00750.852.79$2,812
Jan 2019091246.033.23$2,944
Dec 201801,02246.594.19$4,278
Nov 2018091052.934.24$3,856
Oct 2018079261.443.40$2,691
Sep 2018099159.543.11$3,080
Aug 2018087359.403.07$2,677
Jul 201801,22865.142.93$3,600
Jun 201801,37860.183.08$4,240
May 201801,42765.382.90$4,139
Apr 2018084363.842.90$2,445
Mar 2018078661.222.79$2,190
Feb 201801,03261.782.77$2,855
Jan 2018072362.874.01$2,899
Dec 2017067157.272.92$1,960
Nov 2017076155.423.12$2,373
Oct 201701,16049.292.98$3,461
Sep 201701,79847.523.09$5,551
Aug 2017258045.373.00$1,833
Jul 20171363243.873.09$2,521
Jun 2017111,05442.493.09$3,721
May 2017891,48545.373.26$8,884
Apr 2017171,48547.933.21$5,584
Mar 2017151,38446.772.98$4,831
Feb 2017151,38650.452.95$4,849
Jan 2017141,42349.413.42$5,557
Dec 20161198448.763.72$4,200
Nov 2016131,39742.492.64$4,247
Oct 2016131,56846.193.09$5,446
Sep 2016131,31141.553.10$4,605
Aug 2016212,47641.442.92$8,111
Jul 2016473,14541.622.92$11,153
Jun 2016894845.352.69$2,909
May 20163091442.521.99$3,095
Apr 20162895136.561.99$2,917
Mar 2016371,17633.011.79$3,331
Feb 2016511,26126.472.06$3,952
Jan 201601,22527.352.36$2,896
Dec 201501,27932.362.00$2,560
Nov 201501,09838.792.17$2,380
Oct 201501,42343.552.43$3,453
Sep 201501,25342.992.76$3,456
Aug 201501,24840.162.87$3,585
Jul 201501,29348.152.95$3,808
Jun 201501,17456.152.88$3,384
May 201501,30455.212.96$3,854
Apr 2015231,42449.822.71$5,000
Mar 201501,41042.892.93$4,138
Feb 20151991,24744.662.98$12,599
Jan 201501,72343.433.10$5,342
Dec 201420089254.693.59$14,141
Nov 201401,65170.464.25$7,020
Oct 201401,81978.303.90$7,096
Sep 20141901,54486.164.05$22,617
Aug 201401,60889.394.04$6,488
Jul 201401,54296.564.18$6,445
Jun 20141951,58598.164.74$26,649
May 201401,71994.734.73$8,125
Apr 20141881,79995.944.81$26,688
Mar 201401,84195.895.06$9,310
Feb 201401,47397.406.19$9,121
Jan 20141901,91990.404.86$26,504
Dec 201301,90591.824.35$8,295
Nov 20131951,96388.853.74$24,664
Oct 201301,94397.423.78$7,343
Sep 201301,973104.113.72$7,335
Aug 20131962,108104.253.52$27,859
Jul 201301,922102.523.72$7,146
Jun 201301,87694.403.93$7,379
May 20131861,97494.834.15$25,829
Apr 201301,95193.964.28$8,355
Mar 201301,87693.623.91$7,341
Feb 20131991,85991.233.42$24,512
Jan 201307991.603.42$270
Dec 20121872,31086.773.42$24,127
Nov 201202,31886.953.62$8,403
Oct 201202,42589.383.40$8,244
Sep 201202,20194.672.92$6,423
Aug 20121822,27692.662.91$23,483
Jul 20121902,75885.133.02$24,506
Jun 2012038279.822.52$962
May 20121842,22491.612.49$22,390
Apr 201202,404101.652.00$4,800
Mar 201202,163105.052.22$4,806
Feb 20121802,247101.102.57$23,973
Jan 201202,52098.092.73$6,890
Dec 20111902,47396.873.24$26,417
Nov 201102,36595.723.31$7,831
Oct 20111812,37684.983.65$24,050
Sep 201102,41083.623.99$9,606
Aug 20111282,48983.404.15$21,003
Jul 20111822,13494.144.52$26,773
Jun 201102,31492.904.64$10,737
May 20111662,54398.134.40$27,491
Apr 201102,346105.964.33$10,166
Mar 20111912,61796.364.06$29,023
Feb 201102,32185.644.18$9,702
Jan 20111341,59786.504.59$18,919
Dec 201002,28885.734.35$9,948
Nov 20101932,42880.843.80$24,817
Oct 201002,77278.103.51$9,727
Sep 20101912,60772.633.98$24,247
Aug 201002,73073.684.42$12,065
Jul 201002,58672.554.74$12,249
Jun 201002,62570.364.91$12,890
May 20101892,60871.124.24$24,487
Apr 20101982,24781.694.12$25,438
Mar 201002,63478.394.39$11,560
Feb 201002,41073.585.44$13,116
Jan 20101842,17774.365.96$26,666
Dec 20091922,54071.445.48$27,645
Nov 200901,98174.593.75$7,432
Oct 20091932,06572.544.11$22,488
Sep 200901,87865.543.06$5,756
Aug 20091882,08567.423.22$19,386
Jul 200902,21361.133.46$7,667
Jun 200902,09766.163.90$8,168
May 20091772,16154.743.93$18,173
Apr 200902,17446.773.59$7,799
Mar 20091792,56342.144.06$17,946
Feb 200902,59532.814.63$12,023
Jan 20091943,09835.865.37$23,596
Dec 200803,09337.105.98$18,487
Nov 20081873,00755.496.86$31,006
Oct 200803,30275.246.92$22,856
Sep 20082073,188101.767.88$46,176
Aug 200802,793114.228.48$23,693
Jul 200812,781131.0811.39$31,805
Jun 20081913,032131.3313.03$64,599
May 200803,232123.1711.57$37,408
Apr 200803,393110.3110.45$35,473
Mar 20081893,541101.909.66$53,480
Feb 20081732,92992.538.77$41,697
Jan 20081934,42990.388.21$53,787
Dec 20071967,51188.337.30$72,158
Nov 20071984,14191.677.29$48,346
Oct 20071836,65682.856.92$61,234
Sep 20071946,68675.846.24$56,461
Aug 20071966,69869.066.39$56,322
Jul 20071947,12770.906.39$59,281
Jun 20073956,81062.007.55$75,895
May 20071827,06658.747.85$66,132
Apr 20071827,25959.617.81$67,507
Mar 20073877,73756.927.30$78,523
Feb 20072006,79655.108.22$66,856
Jan 20071878,38450.306.73$65,804
Dec 20063658,58356.656.92$80,058
Nov 20063678,08954.207.62$81,509
Oct 20061799,52354.906.01$67,097
Sep 20061808,37160.085.04$52,981
Aug 200635410,27968.717.34$99,770
Jul 200635611,56469.376.34$98,043
Jun 20063728,95966.286.38$81,849
May 200637111,83166.016.42$100,504
Apr 200654013,66064.397.36$135,315
Mar 200637814,01056.707.08$120,664
Feb 20062024,45757.597.75$46,180
Jan 20063759,03960.598.93$103,470
Dec 20055508,56154.9413.42$145,066
Nov 20053377,98154.6910.59$102,937
Oct 20051939,31358.3413.80$139,740
Sep 20053878,91261.4512.08$131,429
Aug 20054149,76061.519.80$121,082
Jul 200537710,83055.697.84$105,942
Jun 200517410,88752.337.38$89,463
May 200538611,34345.226.65$92,899
Apr 200557613,05849.207.36$124,452
Mar 200537912,79950.377.15$110,666
Feb 200520812,28645.226.31$86,954
Jan 200557914,00443.166.32$113,526
Dec 200439614,79639.866.75$115,674
Nov 200456713,71245.286.33$112,476
Oct 200443916,83749.706.52$131,513
Sep 200475417,40143.245.28$124,548
Aug 200459116,78842.375.55$118,225
Jul 200446619,49338.286.08$136,437
Jun 200482520,79336.106.43$163,544
May 200480823,99837.486.49$186,141
Apr 200495718,92834.475.86$143,877
Mar 200496617,99734.365.53$132,718
Feb 20041,16518,29532.455.51$138,603
Jan 20041,19616,43932.036.30$141,868
Dec 20031,59619,45230.266.30$170,874
Nov 20031,01021,51328.804.60$127,944
Oct 20031,27528,25028.174.76$170,377
Sep 20031,37126,68426.314.75$162,803
Aug 20031,73832,27229.765.13$217,269
Jul 20031,67335,63329.415.17$233,455
Jun 20032,23836,94628.565.98$284,964
May 20032,55650,88126.595.97$371,860
Apr 20032,35840,97426.675.41$284,446
Mar 20033,80362,66431.146.10$500,428
Feb 20033,92272,03833.487.93$702,273
Jan 20035,13690,26930.315.58$659,557
Dec 20025,762106,39126.914.85$671,452
Nov 20027,935129,50424.664.14$731,430
Oct 200210,967186,87626.464.23$1,080,508
Sep 20024,80979,44527.443.64$420,757
Aug 200209,37825.963.16$29,673

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 2025 — as filed, then multipliedworked
Condensate             0 bbl  × $ 59.38 =         $0
Gas                  519 Mcf  × $  3.30 =     $1,715

────────────────────────────────────────────────────
Month total                                   $1,715

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/191724 is the state's own key, not one this site invented.