PALMER STATE 348

Name: PALMER STATE 348 lease production and value, Apr 2003 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

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 195542District 04Field 424032482 tax incentive programmesCondensateGasSave Export

Value, all time

$5.4 M

Apr 2003 – Jul 2019

Value, last 12 filed months

at the published price for each month

Months reported

196

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	2004-04-12	154082
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	37,968 bbl	$1,917,791
Gas	Production	616,909 Mcf	$3,506,996
Total			$5,424,786

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 27.1347, -98.0670. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.13467, -98.06701 · 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

12,730 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 12,730 ft.

Completions filed

Mar 2016

1 of 1 wells

1 well


42-04732049	7	12,730 ft	Mar 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 (196)

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

196 months


Jul 2019	0	0	56.27	2.46	$0
Jun 2019	0	0	52.78	2.49	$0
May 2019	0	0	58.48	2.74	$0
Apr 2019	0	0	62.63	2.75	$0
Mar 2019	0	0	56.80	3.06	$0
Feb 2019	0	0	50.85	2.79	$0
Jan 2019	0	0	46.03	3.23	$0
Dec 2018	0	0	46.59	4.19	$0
Nov 2018	0	0	52.93	4.24	$0
Oct 2018	0	0	61.44	3.40	$0
Sep 2018	0	0	59.54	3.11	$0
Aug 2018	0	0	59.40	3.07	$0
Jul 2018	0	0	65.14	2.93	$0
Jun 2018	0	0	60.18	3.08	$0
May 2018	0	0	65.38	2.90	$0
Apr 2018	0	0	63.84	2.90	$0
Mar 2018	0	0	61.22	2.79	$0
Feb 2018	0	0	61.78	2.77	$0
Jan 2018	0	0	62.87	4.01	$0
Dec 2017	0	0	57.27	2.92	$0
Nov 2017	0	0	55.42	3.12	$0
Oct 2017	0	0	49.29	2.98	$0
Sep 2017	0	0	47.52	3.09	$0
Aug 2017	0	0	45.37	3.00	$0
Jul 2017	0	0	43.87	3.09	$0
Jun 2017	0	0	42.49	3.09	$0
May 2017	0	0	45.37	3.26	$0
Apr 2017	0	0	47.93	3.21	$0
Mar 2017	0	0	46.77	2.98	$0
Feb 2017	0	0	50.45	2.95	$0
Jan 2017	0	0	49.41	3.42	$0
Dec 2016	0	0	48.76	3.72	$0
Nov 2016	0	0	42.49	2.64	$0
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	167	0	36.56	1.99	$6,106
Mar 2016	1,692	50,516	33.01	1.79	$146,479
Feb 2016	0	725	26.47	2.06	$1,496
Jan 2016	0	857	27.35	2.36	$2,026
Dec 2015	0	899	32.36	2.00	$1,799
Nov 2015	0	613	38.79	2.17	$1,329
Oct 2015	201	807	43.55	2.43	$10,712
Sep 2015	188	652	42.99	2.76	$9,881
Aug 2015	196	634	40.16	2.87	$9,693
Jul 2015	174	836	48.15	2.95	$10,840
Jun 2015	192	768	56.15	2.88	$12,995
May 2015	62	679	55.21	2.96	$5,430
Apr 2015	382	680	49.82	2.71	$20,872
Mar 2015	199	746	42.89	2.93	$10,724
Feb 2015	0	547	44.66	2.98	$1,628
Jan 2015	0	671	43.43	3.10	$2,081
Dec 2014	180	894	54.69	3.59	$13,055
Nov 2014	0	764	70.46	4.25	$3,248
Oct 2014	0	821	78.30	3.90	$3,203
Sep 2014	166	914	86.16	4.05	$18,000
Aug 2014	0	909	89.39	4.04	$3,668
Jul 2014	196	964	96.56	4.18	$22,955
Jun 2014	0	921	98.16	4.74	$4,363
May 2014	0	955	94.73	4.73	$4,514
Apr 2014	188	837	95.94	4.81	$22,062
Mar 2014	0	888	95.89	5.06	$4,490
Feb 2014	180	821	97.40	6.19	$22,616
Jan 2014	0	1,184	90.40	4.86	$5,755
Dec 2013	184	1,035	91.82	4.35	$21,402
Nov 2013	0	1,109	88.85	3.74	$4,146
Oct 2013	187	966	97.42	3.78	$21,868
Sep 2013	0	1,039	104.11	3.72	$3,863
Aug 2013	0	1,161	104.25	3.52	$4,090
Jul 2013	202	983	102.52	3.72	$24,364
Jun 2013	0	1,011	94.40	3.93	$3,977
May 2013	177	1,004	94.83	4.15	$20,951
Apr 2013	0	1,195	93.96	4.28	$5,118
Mar 2013	0	1,372	93.62	3.91	$5,368
Feb 2013	197	1,296	91.23	3.42	$22,405
Jan 2013	0	108	91.60	3.42	$369
Dec 2012	197	1,305	86.77	3.42	$21,557
Nov 2012	0	1,364	86.95	3.62	$4,944
Oct 2012	189	1,666	89.38	3.40	$22,557
Sep 2012	0	1,111	94.67	2.92	$3,242
Aug 2012	187	1,544	92.66	2.91	$21,818
Jul 2012	0	792	85.13	3.02	$2,392
Jun 2012	0	833	79.82	2.52	$2,098
May 2012	190	1,422	91.61	2.49	$20,944
Apr 2012	0	1,385	101.65	2.00	$2,766
Mar 2012	0	1,431	105.05	2.22	$3,180
Feb 2012	176	1,368	101.10	2.57	$21,310
Jan 2012	182	1,533	98.09	2.73	$22,044
Dec 2011	0	1,381	96.87	3.24	$4,474
Nov 2011	0	1,554	95.72	3.31	$5,146
Oct 2011	193	1,501	84.98	3.65	$21,878
Sep 2011	0	1,480	83.62	3.99	$5,899
Aug 2011	245	1,543	83.40	4.15	$26,835
Jul 2011	0	1,417	94.14	4.52	$6,401
Jun 2011	187	1,481	92.90	4.64	$24,244
May 2011	21	1,621	98.13	4.40	$9,201
Apr 2011	192	1,679	105.96	4.33	$27,620
Mar 2011	0	1,876	96.36	4.06	$7,612
Feb 2011	174	1,258	85.64	4.18	$20,160
Jan 2011	0	986	86.50	4.59	$4,525
Dec 2010	189	1,463	85.73	4.35	$22,564
Nov 2010	183	1,594	80.84	3.80	$20,843
Oct 2010	0	1,395	78.10	3.51	$4,895
Sep 2010	191	1,459	72.63	3.98	$19,678
Aug 2010	0	1,734	73.68	4.42	$7,663
Jul 2010	192	1,891	72.55	4.74	$22,886
Jun 2010	385	1,805	70.36	4.91	$35,952
May 2010	0	1,914	71.12	4.24	$8,106
Apr 2010	195	1,710	81.69	4.12	$22,979
Mar 2010	0	1,832	78.39	4.39	$8,040
Feb 2010	0	1,747	73.58	5.44	$9,508
Jan 2010	184	1,791	74.36	5.96	$24,364
Dec 2009	193	1,856	71.44	5.48	$23,966
Nov 2009	0	1,978	74.59	3.75	$7,420
Oct 2009	178	1,820	72.54	4.11	$20,393
Sep 2009	179	1,882	65.54	3.06	$17,500
Aug 2009	183	1,814	67.42	3.22	$18,176
Jul 2009	0	2,144	61.13	3.46	$7,428
Jun 2009	0	1,989	66.16	3.90	$7,747
May 2009	179	2,038	54.74	3.93	$17,799
Apr 2009	189	2,086	46.77	3.59	$16,323
Mar 2009	0	2,332	42.14	4.06	$9,466
Feb 2009	0	2,142	32.81	4.63	$9,924
Jan 2009	389	2,513	35.86	5.37	$27,447
Dec 2008	0	2,409	37.10	5.98	$14,399
Nov 2008	186	2,421	55.49	6.86	$26,930
Oct 2008	0	2,495	75.24	6.92	$17,270
Sep 2008	199	2,371	101.76	7.88	$38,927
Aug 2008	198	2,455	114.22	8.48	$43,441
Jul 2008	0	2,616	131.08	11.39	$29,795
Jun 2008	184	2,545	131.33	13.03	$57,333
May 2008	188	2,802	123.17	11.57	$55,587
Apr 2008	0	2,712	110.31	10.45	$28,354
Mar 2008	190	2,808	101.90	9.66	$46,498
Feb 2008	186	2,627	92.53	8.77	$40,251
Jan 2008	193	2,671	90.38	8.21	$39,361
Dec 2007	0	3,361	88.33	7.30	$24,542
Nov 2007	205	1,692	91.67	7.29	$31,130
Oct 2007	189	2,913	82.85	6.92	$35,822
Sep 2007	193	3,319	75.84	6.24	$35,361
Aug 2007	0	2,265	69.06	6.39	$14,469
Jul 2007	195	2,353	70.90	6.39	$28,856
Jun 2007	366	2,449	62.00	7.55	$41,178
May 2007	0	2,394	58.74	7.85	$18,784
Apr 2007	373	1,844	59.61	7.81	$36,627
Mar 2007	1	2,338	56.92	7.30	$17,129
Feb 2007	191	2,006	55.10	8.22	$27,005
Jan 2007	382	2,214	50.30	6.73	$34,108
Dec 2006	180	2,347	56.65	6.92	$26,435
Nov 2006	185	2,704	54.20	7.62	$30,625
Oct 2006	184	2,888	54.90	6.01	$27,469
Sep 2006	190	2,693	60.08	5.04	$24,980
Aug 2006	176	2,595	68.71	7.34	$31,140
Jul 2006	337	2,637	69.37	6.34	$40,104
Jun 2006	180	2,625	66.28	6.38	$28,688
May 2006	365	2,710	66.01	6.42	$41,505
Apr 2006	188	4,021	64.39	7.36	$41,702
Mar 2006	365	4,996	56.70	7.08	$56,082
Feb 2006	199	2,336	57.59	7.75	$29,567
Jan 2006	0	4,284	60.59	8.93	$38,270
Dec 2005	556	3,874	54.94	13.42	$82,518
Nov 2005	196	3,330	54.69	10.59	$45,979
Oct 2005	364	4,169	58.34	13.80	$78,750
Sep 2005	2	3,955	61.45	12.08	$47,895
Aug 2005	190	4,870	61.51	9.80	$59,398
Jul 2005	373	5,242	55.69	7.84	$61,889
Jun 2005	187	6,026	52.33	7.38	$54,264
May 2005	560	6,295	45.22	6.65	$67,192
Apr 2005	2	7,124	49.20	7.36	$52,534
Mar 2005	714	7,138	50.37	7.15	$87,036
Feb 2005	2	6,821	45.22	6.31	$43,144
Jan 2005	620	6,898	43.16	6.32	$70,370
Dec 2004	202	8,138	39.86	6.75	$62,992
Nov 2004	403	7,214	45.28	6.33	$63,915
Oct 2004	404	9,573	49.70	6.52	$82,448
Sep 2004	379	10,311	43.24	5.28	$70,870
Aug 2004	552	9,665	42.37	5.55	$77,035
Jul 2004	386	9,951	38.28	6.08	$75,320
Jun 2004	667	12,271	36.10	6.43	$103,018
May 2004	901	15,335	37.48	6.49	$133,364
Apr 2004	700	11,651	34.47	5.86	$92,386
Mar 2004	1,163	14,112	34.36	5.53	$118,002
Feb 2004	1,138	15,673	32.45	5.51	$123,280
Jan 2004	1,767	21,624	32.03	6.30	$192,820
Dec 2003	2,762	35,020	30.26	6.30	$304,262
Nov 2003	1,417	23,993	28.80	4.60	$151,061
Oct 2003	736	11,627	28.17	4.76	$76,073
Sep 2003	551	11,822	26.31	4.75	$70,644
Aug 2003	726	13,925	29.76	5.13	$93,037
Jul 2003	942	14,925	29.41	5.17	$104,879
Jun 2003	736	11,970	28.56	5.98	$92,636
May 2003	1,035	15,521	26.59	5.97	$120,223
Apr 2003	15	7,689	26.67	5.41	$41,977

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.

Apr 2016 — as filed, then multipliedworked

Condensate           167 bbl  × $ 36.56 =     $6,106
Gas                    0 Mcf  × $  1.99 =         $0

────────────────────────────────────────────────────
Month total                                   $6,106

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/195542 is the state's own key, not one this site invented.