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 206817District 04Field 424032482 tax incentive programmesCondensateGasSaveExport
Value, all time
$20.1 M
Apr 2004 – May 2026
Value, last 12 filed months
$108 k
at the published price for each month
Months reported
266
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 Gas112005-07-22162091
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
CondensateDisposition112,952 bbl$6,759,759
GasProduction2,032,932 Mcf$13,301,815
Total$20,061,574

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 27.1413, -98.0667. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.14126, -98.06671 · 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
12,750 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 12,750 ft.

Completions filed
Apr 2004
1 of 1 wells

1 well

42-04732132912,750 ftApr 2004

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 (266)

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

266 months

May 20261761,605106.413.05$23,617
Apr 202601,56098.932.87$4,477
Mar 20263431,65289.753.15$35,987
Feb 2026026963.503.75$1,009
Jan 2026017459.138.00$1,392
Dec 2025021756.664.41$958
Nov 202518815458.593.93$11,620
Oct 2025017259.383.30$568
Sep 202520420962.743.08$13,442
Aug 2025019963.933.01$600
Jul 2025032766.743.32$1,084
Jun 202518417966.483.13$12,792
May 2025016460.553.23$530
Apr 2025016862.363.54$595
Mar 202518829467.704.27$13,982
Feb 2025014170.884.34$612
Jan 2025030274.324.28$1,292
Dec 202418429668.993.12$13,618
Nov 2024021869.052.20$479
Oct 2024025471.372.28$579
Sep 202418723469.612.36$13,570
Aug 2024027375.632.06$563
Jul 202418624879.932.15$15,399
Jun 2024026078.082.63$685
May 2024025878.812.20$567
Apr 202417728384.451.66$15,417
Mar 2024031580.301.55$487
Feb 202419033476.091.78$15,053
Jan 2024027973.023.30$920
Dec 2023055271.262.61$1,441
Nov 20231891,00577.892.81$17,543
Oct 202301085.443.09$31
Sep 202301289.042.74$33
Aug 20230380.522.67$8
Jul 20230074.852.64$0
Jun 20230068.962.26$0
May 20230070.622.23$0
Apr 2023011378.122.24$253
Mar 202318178972.852.39$15,074
Feb 2023032875.112.47$809
Jan 202319574676.533.39$17,451
Dec 2022035576.415.73$2,034
Nov 202219296785.005.65$21,780
Oct 202217055887.185.86$18,093
Sep 2022053184.888.16$4,335
Aug 202220067794.529.13$25,083
Jul 20220447101.587.54$3,371
Jun 2022192445115.097.98$25,647
May 20220717109.378.43$6,046
Apr 2022181240104.226.84$20,505
Mar 20220515108.885.08$2,614
Feb 202218451391.054.86$19,246
Jan 202218153581.844.54$17,241
Dec 2021055271.323.90$2,152
Nov 202120454277.435.24$18,634
Oct 202118258979.795.71$17,887
Sep 202119689269.865.35$18,466
Aug 202118280666.024.22$15,417
Jul 2021052770.783.98$2,099
Jun 2021050369.493.38$1,700
May 202118364063.483.02$13,548
Apr 202118358360.362.76$12,654
Mar 2021050161.302.72$1,361
Feb 202119268457.805.55$14,892
Jan 202119068450.412.81$11,500
Dec 202019470944.642.68$10,557
Nov 2020095938.772.71$2,596
Oct 202018164236.972.48$8,283
Sep 202018179137.091.99$8,288
Aug 202019062839.982.39$9,094
Jul 202018968738.371.83$8,506
Jun 2020062334.901.69$1,053
May 20201891,13516.921.81$5,258
Apr 20201891,05614.751.80$4,693
Mar 20201861,16830.341.86$7,811
Feb 20201851,05749.881.98$11,321
Jan 202018454157.252.09$11,667
Dec 201901,24759.012.30$2,874
Nov 20193741,29455.302.75$24,242
Oct 201901,52353.472.42$3,683
Sep 20193691,62055.052.66$24,618
Aug 201901,61853.112.30$3,728
Jul 20191811,69656.272.46$14,357
Jun 20191821,72652.782.49$13,906
May 201901,94858.482.74$5,338
Apr 20191891,15662.632.75$15,017
Mar 20191841,33056.803.06$14,524
Feb 201901,76050.852.79$4,914
Jan 20191861,79546.033.23$14,356
Dec 20181861,15646.594.19$13,504
Nov 20181841,74652.934.24$17,137
Oct 201801,06261.443.40$3,609
Sep 20181822,37259.543.11$18,208
Aug 20181861,67259.403.07$16,176
Jul 20181822,58665.142.93$19,437
Jun 201801,82260.183.08$5,606
May 20181811,40565.382.90$15,909
Apr 201819088363.842.90$14,691
Mar 201871072261.222.79$45,478
Feb 20185691,06161.782.77$38,088
Jan 201837473962.874.01$26,476
Dec 201773799857.272.92$45,124
Nov 201718880055.423.12$12,914
Oct 20171891,45849.292.98$13,666
Sep 20171851,30647.523.09$12,823
Aug 201734989745.373.00$18,529
Jul 201775063243.873.09$34,854
Jun 2017059242.493.09$1,828
May 201719182345.373.26$11,351
Apr 201737670047.933.21$20,270
Mar 201701,70146.772.98$5,075
Feb 20171811,02450.452.95$12,155
Jan 20173491,71149.413.42$23,094
Dec 20163501,03348.763.72$20,912
Nov 20161851,49642.492.64$11,817
Oct 20163651,58846.193.09$21,767
Sep 20161801,62641.553.10$12,521
Aug 20161802,68441.442.92$15,308
Jul 201601,84441.622.92$5,392
Jun 201617464945.352.69$9,634
May 2016025642.521.99$510
Apr 201601,01636.561.99$2,023
Mar 201619548933.011.79$7,314
Feb 201602,77026.472.06$5,716
Jan 20161911,46927.352.36$8,697
Dec 20151531,74632.362.00$8,446
Nov 201501,45538.792.17$3,153
Oct 20153851,88443.552.43$21,338
Sep 20151791,95842.992.76$13,096
Aug 201501,88340.162.87$5,409
Jul 20153872,07948.152.95$24,757
Jun 20151902,11956.152.88$16,777
May 201501,53855.212.96$4,545
Apr 201502,19949.822.71$5,952
Mar 201501,91642.892.93$5,623
Feb 20151171,25344.662.98$8,954
Jan 20151921,62043.433.10$13,362
Dec 201402,12854.693.59$7,642
Nov 201401,81870.464.25$7,730
Oct 20142321,36978.303.90$23,506
Sep 20143401,81886.164.05$36,649
Aug 20141872,96389.394.04$28,672
Jul 20141842,59796.564.18$28,621
Jun 201403,26098.164.74$15,442
May 20141883,83194.734.73$35,917
Apr 20143783,15595.944.81$51,438
Mar 201402,10495.895.06$10,640
Feb 20142474,68697.406.19$53,074
Jan 201402,88690.404.86$14,028
Dec 20132962,91391.824.35$39,863
Nov 20131152,06288.853.74$17,926
Oct 20132792,28897.423.78$35,827
Sep 20131872,463104.113.72$28,625
Aug 20131832,506104.253.52$27,905
Jul 20132761,880102.523.72$35,285
Jun 20131922,05994.403.93$26,224
May 201303,15494.834.15$13,086
Apr 20133763,56693.964.28$50,601
Mar 20131943,24793.623.91$30,867
Feb 20131942,57191.233.42$26,491
Jan 201306491.603.42$219
Dec 20122013,85486.773.42$30,622
Nov 20121893,99986.953.62$30,930
Oct 20121843,85089.383.40$29,535
Sep 20121884,54194.672.92$31,050
Aug 20123723,58392.662.91$44,889
Jul 20121874,98685.133.02$30,981
Jun 20121883,65179.822.52$24,203
May 20121854,32191.612.49$27,700
Apr 20123704,858101.652.00$47,311
Mar 20121903,912105.052.22$28,652
Feb 20121833,532101.102.57$27,579
Jan 20123774,63298.092.73$49,644
Dec 20111945,19796.873.24$35,630
Nov 20111895,08695.723.31$34,932
Oct 20113845,44484.983.65$52,495
Sep 20111905,44783.623.99$37,598
Aug 20113804,25483.404.15$49,343
Jul 20111753,22994.144.52$31,061
Jun 20111875,28192.904.64$41,876
May 20113775,81998.134.40$62,627
Apr 20115065,902105.964.33$79,191
Mar 20113746,00196.364.06$60,387
Feb 20111983,47585.644.18$31,482
Jan 20111903,16386.504.59$30,949
Dec 20103804,93485.734.35$54,029
Nov 20103775,65680.843.80$51,943
Oct 20101916,07178.103.51$36,220
Sep 20103735,17272.633.98$47,673
Aug 20103825,85973.684.42$54,039
Jul 20103835,99972.554.74$56,201
Jun 20101956,24770.364.91$44,395
May 20105636,13571.124.24$66,024
Apr 20103725,95681.694.12$54,943
Mar 20104896,40078.394.39$66,420
Feb 20103835,69273.585.44$59,159
Jan 20103826,10574.365.96$64,816
Dec 20093746,20271.445.48$60,729
Nov 20093827,30774.593.75$55,906
Oct 20095726,71772.544.11$69,101
Sep 20095498,21965.543.06$61,171
Aug 20093768,09667.423.22$51,407
Jul 20091809,15961.133.46$42,735
Jun 20095719,01966.163.90$72,906
May 20091818,93954.743.93$45,000
Apr 20093739,39346.773.59$51,143
Mar 200956511,11142.144.06$68,909
Feb 200938110,76732.814.63$62,384
Jan 200939511,28535.865.37$74,776
Dec 200857712,47737.105.98$95,983
Nov 200837513,03155.496.86$110,206
Oct 200858813,74575.246.92$139,384
Sep 200856113,622101.767.88$164,389
Aug 200836113,860114.228.48$158,808
Jul 200862716,016131.0811.39$264,600
Jun 200853016,265131.3313.03$281,581
May 200858616,667123.1711.57$265,086
Apr 200855117,750110.3110.45$246,355
Mar 200875219,276101.909.66$262,913
Feb 200854215,40892.538.77$185,288
Jan 200855721,11390.388.21$223,589
Dec 200774823,27988.337.30$236,053
Nov 20071806,50191.677.29$63,904
Oct 200774215,87882.856.92$171,382
Sep 200777315,68475.846.24$156,558
Aug 200777016,30769.066.39$157,344
Jul 200792017,23270.906.39$175,305
Jun 200775717,53762.007.55$179,311
May 200774018,93258.747.85$192,013
Apr 200771518,10959.617.81$183,966
Mar 20071,13819,92756.927.30$210,281
Feb 200791217,88555.108.22$197,194
Jan 20071,06015,91250.306.73$160,356
Dec 200691613,84756.656.92$147,691
Nov 200693514,91654.207.62$164,299
Oct 20061,27015,85654.906.01$165,078
Sep 200685114,70660.085.04$125,205
Aug 20061,44217,64268.717.34$228,571
Jul 20061,26716,93569.376.34$195,306
Jun 20061,65916,84866.286.38$217,514
May 20061,29714,48666.016.42$178,688
Apr 20062,19017,39464.397.36$269,042
Mar 20062,18020,02156.707.08$265,413
Feb 200631,70557.597.75$13,388
Jan 200659023,51060.598.93$245,770
Dec 200572425,66154.9413.42$384,029
Nov 200524925,35654.6910.59$282,097
Oct 200574330,92258.3413.80$469,939
Sep 200575936,31061.4512.08$485,229
Aug 200589823,79661.519.80$288,362
Jul 200592626,83755.697.84$262,069
Jun 200576026,16452.337.38$232,888
May 20051,14431,15245.226.65$258,929
Apr 20051,29132,56049.207.36$303,174
Mar 20051,35539,90250.377.15$353,745
Feb 20051,45740,18745.226.31$319,543
Jan 20052,06349,47443.166.32$401,824
Dec 20042,14156,69439.866.75$468,086
Nov 20042,52472,83345.286.33$575,350
Oct 20042,91976,48549.706.52$643,382
Sep 20043,98491,83443.245.28$657,510
Aug 20045,419125,00442.375.55$923,458
Jul 20044,48481,56238.286.08$667,885
Jun 20044,10135,32636.106.43$375,299
May 20045,79553,00337.486.49$561,429
Apr 20040034.475.86$0

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           176 bbl  × $106.41 =    $18,728
Gas                1,605 Mcf  × $  3.05 =     $4,889

────────────────────────────────────────────────────
Month total                                  $23,617

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/206817 is the state's own key, not one this site invented.