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 193641District 04Field 424032482 tax incentive programmesCondensateGasSaveExport
Value, all time
$11.3 M
Feb 2003 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
280
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 Gas222003-07-09 – 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
CondensateDisposition67,389 bbl$2,098,984
GasProduction1,627,550 Mcf$9,240,690
Total$11,339,674

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 27.1406, -98.0623. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.14057, -98.06228 · 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
12,600 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 12,600 ft.

Completions filed
Feb 2003
1 of 1 wells

1 well

42-04732033612,600 ftFeb 2003

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 (280)

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

280 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 2020280016.921.81$4,738
Apr 202012134214.751.80$2,402
Mar 20204711830.341.86$1,645
Feb 20209310949.881.98$4,855
Jan 20209110857.252.09$5,436
Dec 201913911359.012.30$8,463
Nov 20199211055.302.75$5,390
Oct 201913811053.472.42$7,645
Sep 20199310955.052.66$5,409
Aug 20198911853.112.30$4,999
Jul 20198311356.272.46$4,948
Jun 20198710852.782.49$4,861
May 201913310958.482.74$8,077
Apr 20198812562.632.75$5,855
Mar 201913211856.803.06$7,859
Feb 20195610350.852.79$3,135
Jan 201939346.033.23$1,805
Dec 201815346.594.19$711
Nov 2018151752.934.24$866
Oct 201891361.443.40$597
Sep 2018292459.543.11$1,801
Aug 2018152459.403.07$965
Jul 2018322265.142.93$2,149
Jun 20186560.183.08$376
May 201811865.382.90$742
Apr 2018130863.842.90$957
Mar 20181061.222.79$61
Feb 201891061.782.77$584
Jan 20188962.874.01$539
Dec 2017111057.272.92$659
Nov 20174655.423.12$240
Oct 20175649.292.98$264
Sep 20174647.523.09$209
Aug 20175445.373.00$239
Jul 20176843.873.09$288
Jun 20175442.493.09$225
May 20172445.373.26$104
Apr 20170047.933.21$0
Mar 20170046.772.98$0
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 20162041.553.10$83
Aug 20163290241.442.92$3,964
Jul 20161091,25441.622.92$8,204
Jun 20160045.352.69$0
May 20160042.521.99$0
Apr 20164036.561.99$146
Mar 20166732333.011.79$2,791
Feb 20161781,61626.472.06$8,046
Jan 20163301,93727.352.36$13,605
Dec 201501,78132.362.00$3,565
Nov 201501,76238.792.17$3,819
Oct 201501,81743.552.43$4,409
Sep 201501,89142.992.76$5,216
Aug 201501,99240.162.87$5,722
Jul 201502,24148.152.95$6,600
Jun 201502,41756.152.88$6,968
May 201502,53855.212.96$7,501
Apr 201502,69749.822.71$7,300
Mar 201503,22842.892.93$9,473
Feb 201502,55244.662.98$7,595
Jan 201507,00643.433.10$21,723
Dec 201405,65054.693.59$20,291
Nov 201404,23970.464.25$18,024
Oct 201402,67278.303.90$10,423
Sep 201402,44886.164.05$9,903
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 20110086.504.59$0
Dec 20100085.734.35$0
Nov 20100080.843.80$0
Oct 20100078.103.51$0
Sep 20100072.633.98$0
Aug 20100073.684.42$0
Jul 20100072.554.74$0
Jun 20100070.364.91$0
May 20100071.124.24$0
Apr 20100081.694.12$0
Mar 20100078.394.39$0
Feb 20100073.585.44$0
Jan 20100074.365.96$0
Dec 20090071.445.48$0
Nov 20090074.593.75$0
Oct 20090072.544.11$0
Sep 20090065.543.06$0
Aug 20090067.423.22$0
Jul 20090061.133.46$0
Jun 20090066.163.90$0
May 20090054.743.93$0
Apr 20090046.773.59$0
Mar 20090042.144.06$0
Feb 20090032.814.63$0
Jan 20090035.865.37$0
Dec 20080037.105.98$0
Nov 20080055.496.86$0
Oct 20080075.246.92$0
Sep 200800101.767.88$0
Aug 200800114.228.48$0
Jul 200800131.0811.39$0
Jun 200800131.3313.03$0
May 200800123.1711.57$0
Apr 200800110.3110.45$0
Mar 200800101.909.66$0
Feb 20080092.538.77$0
Jan 20080090.388.21$0
Dec 20070088.337.30$0
Nov 20070091.677.29$0
Oct 20070082.856.92$0
Sep 20070075.846.24$0
Aug 20070069.066.39$0
Jul 20070070.906.39$0
Jun 20070062.007.55$0
May 20070058.747.85$0
Apr 20070059.617.81$0
Mar 20070056.927.30$0
Feb 20070055.108.22$0
Jan 20070050.306.73$0
Dec 20060056.656.92$0
Nov 20060054.207.62$0
Oct 20060054.906.01$0
Sep 20060060.085.04$0
Aug 20060068.717.34$0
Jul 20060069.376.34$0
Jun 20060066.286.38$0
May 20060066.016.42$0
Apr 20060064.397.36$0
Mar 20060056.707.08$0
Feb 20060057.597.75$0
Jan 20060060.598.93$0
Dec 2005167054.9413.42$9,175
Nov 20050054.6910.59$0
Oct 20050058.3413.80$0
Sep 20050061.4512.08$0
Aug 20050061.519.80$0
Jul 200540055.697.84$2,228
Jun 20050052.337.38$0
May 20050045.226.65$0
Apr 20050049.207.36$0
Mar 20050050.377.15$0
Feb 20050045.226.31$0
Jan 20050043.166.32$0
Dec 20046117439.866.75$3,606
Nov 2004567245.286.33$4,480
Oct 200468726,58549.706.52$207,348
Sep 200496134,47243.245.28$223,700
Aug 20041,11634,40142.375.55$238,233
Jul 200476041,54238.286.08$281,842
Jun 20041,43343,43036.106.43$331,117
May 20041,71953,62637.486.49$412,706
Apr 20041,56939,42834.475.86$285,071
Mar 20041,11934,00134.365.53$226,479
Feb 20041,86336,96132.455.51$264,095
Jan 20041,93545,21532.036.30$346,816
Dec 20031,37236,35730.266.30$270,625
Nov 20032,14350,22328.804.60$292,501
Oct 20032,77167,95428.174.76$401,496
Sep 20032,39572,98926.314.75$409,663
Aug 20033,31191,80529.765.13$569,469
Jul 20034,117114,81929.415.17$714,792
Jun 20034,374119,61228.565.98$840,555
May 20037,341160,90126.595.97$1,156,207
Apr 20037,463151,17226.675.41$1,016,468
Mar 200313,476251,54931.146.10$1,953,095
Feb 20032,47564,29233.487.93$592,434

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 2020 — as filed, then multipliedworked
Condensate           280 bbl  × $ 16.92 =     $4,738
Gas                    0 Mcf  × $  1.81 =         $0

────────────────────────────────────────────────────
Month total                                   $4,738

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/193641 is the state's own key, not one this site invented.