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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 200004District 04Field 424032482 tax incentive programmesCondensateGasSaveExport
Value, all time
$16.7 M
Nov 2003 – May 2026
Value, last 12 filed months
$113 k
at the published price for each month
Months reported
271
no gaps in the span
Streams
2
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.

ProgrammeFilingsWith an approval dateDatedDocket
High Cost Gas112005-08-10162090
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
CondensateDisposition126,565 bbl$7,001,929
GasProduction1,693,862 Mcf$9,671,973
Total$16,673,902

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 27.1386, -98.0666. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.13857, -98.06655 · 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
12,643 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 12,643 ft.

Completions filed
Nov 2003
1 of 1 wells

1 well

42-04732094812,643 ftNov 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 (271)

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

271 months

May 2026761,494106.413.05$12,638
Apr 2026411,14998.932.87$7,353
Mar 2026471,31089.753.15$8,344
Feb 20261071,21763.503.75$11,359
Jan 2026411,38059.138.00$13,461
Dec 2025411,23056.664.41$7,751
Nov 2025621,30058.593.93$8,737
Oct 2025431,44059.383.30$7,312
Sep 2025861,40662.743.08$9,722
Aug 2025551,43563.933.01$7,842
Jul 2025841,58366.743.32$10,854
Jun 2025431,37866.483.13$7,170
May 2025821,63160.553.23$10,237
Apr 2025401,48162.363.54$7,742
Mar 2025401,59067.704.27$9,495
Feb 2025861,13370.884.34$11,014
Jan 2025371,44674.324.28$8,937
Dec 2024841,54768.993.12$10,624
Nov 2024431,60969.052.20$6,506
Oct 2024861,80371.372.28$10,251
Sep 2024211,27169.612.36$4,467
Aug 2024781,74675.632.06$9,502
Jul 2024411,96479.932.15$7,493
Jun 2024841,99278.082.63$11,806
May 2024812,06378.812.20$10,919
Apr 2024411,90484.451.66$6,622
Mar 20241252,07080.301.55$13,236
Feb 2024411,45876.091.78$5,720
Jan 2024811,52373.023.30$10,937
Dec 2023991,49171.262.61$10,947
Nov 2023862,85877.892.81$14,723
Oct 2023122085.443.09$10,424
Sep 2023452,69889.042.74$11,386
Aug 20230080.522.67$0
Jul 20230074.852.64$0
Jun 202348068.962.26$3,310
May 20230070.622.23$0
Apr 20235158878.122.24$5,300
Mar 2023631,29872.852.39$7,696
Feb 20233031,44275.112.47$26,314
Jan 20231411,61176.533.39$16,248
Dec 20223511,57876.415.73$35,860
Nov 20221501,39185.005.65$20,604
Oct 20222981,56087.185.86$35,127
Sep 20221471,46984.888.16$24,470
Aug 20221461,80594.529.13$30,274
Jul 20224231,969101.587.54$57,819
Jun 20221412,144115.097.98$33,331
May 20225502,262109.378.43$79,229
Apr 20221351,219104.226.84$22,405
Mar 20221902,000108.885.08$30,840
Feb 2022311,86691.054.86$11,889
Jan 202262,00481.844.54$9,585
Dec 202152,31671.323.90$9,387
Nov 202151,76577.435.24$9,630
Oct 202121,87379.795.71$10,862
Sep 2021861,86869.865.35$16,003
Aug 2021741,73766.024.22$12,217
Jul 20211502,01470.783.98$18,637
Jun 20211492,07669.493.38$17,372
May 2021761,45663.483.02$9,218
Apr 20212191,92060.362.76$18,515
Mar 20211222,06961.302.72$13,100
Feb 20211121,81257.805.55$16,526
Jan 20211121,88050.412.81$10,929
Dec 20201112,29844.642.68$11,103
Nov 20201142,26338.772.71$10,545
Oct 2020562,28736.972.48$7,738
Sep 20201132,19937.091.99$8,569
Aug 20201632,45739.982.39$12,377
Jul 2020102,21438.371.83$4,425
Jun 202002,26734.901.69$3,832
May 202002,05516.921.81$3,729
Apr 20202452,18114.751.80$7,549
Mar 20201362,30430.341.86$8,403
Feb 20202782,05849.881.98$17,943
Jan 20202731,98057.252.09$19,777
Dec 20194162,15359.012.30$29,509
Nov 20192762,18655.302.75$21,276
Oct 20194132,53053.472.42$28,202
Sep 20192792,45655.052.66$21,885
Aug 20192772,55353.112.30$20,595
Jul 20192662,60856.272.46$21,384
Jun 20192802,50652.782.49$21,021
May 20194282,74758.482.74$32,557
Apr 20192852,53662.632.75$24,825
Mar 20194262,10856.803.06$30,652
Feb 20191832,15150.852.79$15,312
Jan 20191322,36746.033.23$13,717
Dec 2018512,51546.594.19$12,902
Nov 2018512,38752.934.24$12,814
Oct 2018312,23961.443.40$9,513
Sep 20181012,03259.543.11$12,329
Aug 2018591,84559.403.07$9,162
Jul 20183972,27065.142.93$32,516
Jun 20181042,35960.183.08$13,517
May 20183122,85065.382.90$28,666
Apr 20182131,95663.842.90$19,272
Mar 20186412,02561.222.79$44,885
Feb 20186311,83661.782.77$44,062
Jan 20185331,69262.874.01$40,293
Dec 20177431,95157.272.92$48,252
Nov 20173132,33555.423.12$24,628
Oct 20173783,10049.292.98$27,881
Sep 20172993,70647.523.09$25,650
Aug 20173761,15545.373.00$20,529
Jul 20174501,61643.873.09$24,731
Jun 20173611,69342.493.09$20,566
May 20171782,64945.373.26$16,721
Apr 20172681,97947.933.21$19,201
Mar 20173872,92346.772.98$26,821
Feb 20174572,37250.452.95$30,059
Jan 201703,10549.413.42$10,615
Dec 201603,37148.763.72$12,550
Nov 201602,80042.492.64$7,404
Oct 201603,05046.193.09$9,425
Sep 201603,12541.553.10$9,689
Aug 2016301,77241.442.92$6,425
Jul 20162011,90141.622.92$13,925
Jun 20162543,49245.352.69$20,898
May 201695714,18542.521.99$68,935
Apr 20165942,37636.561.99$26,447
Mar 20162862,15333.011.79$13,303
Feb 20162142,90626.472.06$11,661
Jan 2016283,37527.352.36$8,746
Dec 2015363,31732.362.00$7,804
Nov 2015122,22838.792.17$5,294
Oct 2015102,42143.552.43$6,310
Sep 2015112,77242.992.76$8,119
Aug 2015212,68240.162.87$8,547
Jul 2015482,79648.152.95$10,546
Jun 2015482,81656.152.88$10,813
May 2015502,59755.212.96$10,436
Apr 2015212,57149.822.71$8,005
Mar 2015293,02442.892.93$10,118
Feb 2015292,18444.662.98$7,795
Jan 2015732,43643.433.10$10,724
Dec 2014952,71154.693.59$14,932
Nov 20141202,71170.464.25$19,982
Oct 20141612,92978.303.90$24,032
Sep 20142062,86786.164.05$29,347
Aug 20142213,03989.394.04$32,018
Jul 20141982,92396.564.18$31,336
Jun 20142342,99398.164.74$37,147
May 20143083,11394.734.73$43,891
Apr 20141612,97095.944.81$29,729
Mar 20141462,91295.895.06$28,725
Feb 20141902,70097.406.19$35,224
Jan 20145573,27290.404.86$66,257
Dec 20131953,38691.824.35$32,649
Nov 20133853,34788.853.74$46,719
Oct 20133823,28297.423.78$49,618
Sep 20131953,121104.113.72$31,905
Aug 20131903,237104.253.52$31,210
Jul 20135673,502102.523.72$71,148
Jun 20131903,33094.403.93$31,034
May 20133713,47294.834.15$49,588
Apr 20133743,57693.964.28$50,456
Mar 20131913,70993.623.91$32,394
Feb 20133873,17291.233.42$46,154
Jan 20130091.603.42$0
Dec 20123833,80886.773.42$46,257
Nov 20121873,81486.953.62$30,085
Oct 20121893,86889.383.40$30,043
Sep 20121913,83394.672.92$29,268
Aug 20123724,02292.662.91$46,166
Jul 20121884,28385.133.02$28,943
Jun 20123703,93279.822.52$39,438
May 20121894,25191.612.49$27,892
Apr 20123694,153101.652.00$45,802
Mar 20123624,037105.052.22$46,999
Feb 20121884,128101.102.57$29,617
Jan 20123754,46698.092.73$48,994
Dec 20113824,51996.873.24$51,645
Nov 20113794,44795.723.31$51,003
Oct 20113794,48084.983.65$48,553
Sep 20111874,46383.623.99$33,426
Aug 20113724,60683.404.15$50,137
Jul 20113724,30994.144.52$54,485
Jun 20113734,43192.904.64$55,211
May 20113694,87798.134.40$57,692
Apr 20113764,716105.964.33$60,277
Mar 20113794,91696.364.06$56,466
Feb 20113825,34985.644.18$55,073
Jan 20113853,97786.504.59$51,552
Dec 20103864,56285.734.35$52,926
Nov 20104734,54780.843.80$55,495
Oct 20101874,97178.103.51$32,047
Sep 20105604,78372.633.98$59,707
Aug 20101835,20973.684.42$36,504
Jul 20105685,09372.554.74$65,331
Jun 20101884,92470.364.91$37,406
May 20103774,97271.124.24$47,870
Apr 20103774,54581.694.12$49,535
Mar 20104934,74678.394.39$59,475
Feb 20105064,38973.585.44$61,118
Jan 20103754,81674.365.96$56,608
Dec 20093654,82071.445.48$52,507
Nov 20091815,07774.593.75$32,547
Oct 20097504,81772.544.11$74,204
Sep 20093675,08665.543.06$39,641
Aug 200904,95367.423.22$15,941
Jul 20095755,51761.133.46$54,263
Jun 20093775,32066.163.90$45,664
May 20093725,46354.743.93$41,810
Apr 20093705,48246.773.59$36,972
Mar 20093646,07942.144.06$40,014
Feb 20093895,80532.814.63$39,658
Jan 20095686,42535.865.37$54,877
Dec 20083906,33537.105.98$52,334
Nov 20083716,47255.496.86$64,987
Oct 20085686,72875.246.92$89,307
Sep 20083706,592101.767.88$89,577
Aug 20085746,899114.228.48$124,087
Jul 20083767,032131.0811.39$129,377
Jun 20083777,022131.3313.03$141,027
May 20083757,315123.1711.57$130,855
Apr 20083586,575110.3110.45$108,232
Mar 20087346,711101.909.66$139,650
Feb 20083716,26092.538.77$89,232
Jan 20087616,52590.388.21$122,322
Dec 20073967,24988.337.30$87,911
Nov 20073554,72891.677.29$67,018
Oct 20073647,12582.856.92$79,477
Sep 20075776,94075.846.24$87,094
Aug 20073677,26669.066.39$71,760
Jul 20075727,58970.906.39$89,033
Jun 20075597,50662.007.55$91,317
May 20075417,78058.747.85$92,822
Apr 20073917,63659.617.81$82,908
Mar 20075477,96256.927.30$89,274
Feb 20077447,39955.108.22$101,785
Jan 20075718,10050.306.73$83,209
Dec 20065477,96156.656.92$86,065
Nov 20065527,93454.207.62$90,355
Oct 20069148,58354.906.01$101,795
Sep 20065497,67260.085.04$71,629
Aug 20067239,66068.717.34$120,581
Jul 20066079,45169.376.34$102,053
Jun 20065439,18766.286.38$94,639
May 200670910,52266.016.42$114,405
Apr 20067119,89664.397.36$118,621
Mar 200672913,43156.707.08$136,465
Feb 20065446,18457.597.75$79,262
Jan 200690711,68060.598.93$159,296
Dec 200576412,00854.9413.42$203,066
Nov 200586210,52654.6910.59$158,596
Oct 200592011,32258.3413.80$209,868
Sep 200572911,34261.4512.08$181,797
Aug 200573513,22361.519.80$174,753
Jul 200582914,29755.697.84$158,308
Jun 20051,11115,69952.337.38$174,014
May 200561816,40345.226.65$137,045
Apr 20051,07919,44149.207.36$196,182
Mar 200591819,66750.377.15$186,955
Feb 20051,44320,56145.226.31$195,032
Jan 20051,15524,49943.166.32$204,737
Dec 20041,80926,74739.866.75$252,678
Nov 20041,56221,82945.286.33$208,914
Oct 20042,04422,47549.706.52$248,014
Sep 20042,11121,94643.245.28$207,240
Aug 20042,13025,65342.375.55$232,639
Jul 20042,18125,92438.286.08$241,215
Jun 20042,66827,89936.106.43$275,790
May 20042,80435,07037.486.49$332,859
Apr 20043,87244,31234.475.86$393,068
Mar 20044,54362,55834.365.53$502,052
Feb 20045,85971,91632.455.51$586,354
Jan 20049,229112,96732.036.30$1,007,256
Dec 20038,491107,85630.266.30$936,607
Nov 20031,48132,45928.804.60$191,807

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 2026 — as filed, then multipliedworked
Condensate            76 bbl  × $106.41 =     $8,087
Gas                1,494 Mcf  × $  3.05 =     $4,550

────────────────────────────────────────────────────
Month total                                  $12,638

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/200004 is the state's own key, not one this site invented.