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 209790District 04Field 424032482 tax incentive programmesCondensateGasSaveExport
Value, all time
$6.0 M
Mar 2005 – May 2026
Value, last 12 filed months
$173 k
at the published price for each month
Months reported
255
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 Gas112006-10-02162104
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
CondensateDisposition28,426 bbl$1,889,218
GasProduction642,320 Mcf$4,108,085
Total$5,997,303

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 27.1345, -98.0617. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.13449, -98.06173 · 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
Mar 2005
1 of 1 wells

1 well

42-047321841012,750 ftMar 2005

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 (255)

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

255 months

May 2026237958106.413.05$28,137
Apr 202612292398.932.87$14,718
Mar 202611489889.753.15$13,060
Feb 202621077563.503.75$16,242
Jan 202612739059.138.00$10,629
Dec 20251251,03156.664.41$11,633
Nov 202518798858.593.93$14,836
Oct 20251311,22459.383.30$11,824
Sep 20252621,29362.743.08$20,416
Aug 202510781963.933.01$9,310
Jul 202517144166.743.32$12,875
Jun 202512732766.483.13$9,466
May 202525275860.553.23$17,709
Apr 202513089362.363.54$11,271
Mar 202512790267.704.27$12,448
Feb 20252641,08770.884.34$23,431
Jan 20251141,35574.324.28$14,270
Dec 20242581,28068.993.12$21,795
Nov 202413150369.052.20$10,151
Oct 202426577171.372.28$20,672
Sep 20246550369.612.36$5,714
Aug 202424060075.632.06$19,389
Jul 202412684779.932.15$11,889
Jun 202425744878.082.63$21,247
May 202424859678.812.20$20,855
Apr 202412651484.451.66$11,494
Mar 202438261780.301.55$31,628
Feb 202412575376.091.78$10,854
Jan 20242481,20473.023.30$22,079
Dec 20233031,36771.262.61$25,161
Nov 202326274577.892.81$22,499
Oct 20233691,92385.443.09$37,464
Sep 2023129089.042.74$11,486
Aug 20230080.522.67$0
Jul 20230074.852.64$0
Jun 2023126068.962.26$8,689
May 20230070.622.23$0
Apr 202312414578.122.24$10,011
Mar 202311162372.852.39$9,577
Feb 2023078375.112.47$1,931
Jan 2023082176.533.39$2,781
Dec 2022053376.415.73$3,054
Nov 2022053885.005.65$3,038
Oct 2022074887.185.86$4,386
Sep 2022047984.888.16$3,910
Aug 20221775894.529.13$8,525
Jul 202292905101.587.54$16,171
Jun 202228862115.097.98$10,099
May 20221101,147109.378.43$21,703
Apr 202227348104.226.84$5,193
Mar 202262328108.885.08$8,416
Feb 20223431091.054.86$4,602
Jan 20228733481.844.54$8,636
Dec 20217246371.323.90$6,940
Nov 20217136277.435.24$7,393
Oct 20213643379.795.71$5,347
Sep 20213354969.865.35$5,243
Aug 2021165566.024.22$2,831
Jul 2021049270.783.98$1,959
Jun 2021077969.493.38$2,634
May 2021088563.483.02$2,671
Apr 2021049860.362.76$1,374
Mar 2021055461.302.72$1,505
Feb 2021037557.805.55$2,080
Jan 2021098750.412.81$2,774
Dec 2020030044.642.68$803
Nov 2020032738.772.71$885
Oct 2020034736.972.48$860
Sep 2020032237.091.99$641
Aug 20202438439.982.39$1,875
Jul 202015137738.371.83$6,482
Jun 202054639034.901.69$19,715
May 20208341216.921.81$2,152
Apr 2020743814.751.80$894
Mar 2020044630.341.86$828
Feb 2020036949.881.98$731
Jan 2020042257.252.09$884
Dec 2019043459.012.30$1,000
Nov 2019046055.302.75$1,265
Oct 2019050953.472.42$1,231
Sep 2019042255.052.66$1,121
Aug 2019047553.112.30$1,095
Jul 2019052256.272.46$1,284
Jun 2019044352.782.49$1,104
May 2019046358.482.74$1,269
Apr 201901,26462.632.75$3,477
Mar 2019056356.803.06$1,724
Feb 20194145550.852.79$3,355
Jan 20191191,03746.033.23$8,825
Dec 2018931,31046.594.19$9,816
Nov 20189444752.934.24$6,869
Oct 20185693361.443.40$6,611
Sep 201818645659.543.11$12,492
Aug 20188648859.403.07$6,605
Jul 20185890565.142.93$6,431
Jun 201801,37560.183.08$4,231
May 2018042265.382.90$1,224
Apr 2018028263.842.90$818
Mar 201801,00061.222.79$2,787
Feb 201801,23861.782.77$3,424
Jan 2018077062.874.01$3,087
Dec 201701,03557.272.92$3,024
Nov 201761,58955.423.12$5,288
Oct 2017192,13149.292.98$7,295
Sep 20171536047.523.09$1,824
Aug 20171221345.373.00$1,184
Jul 2017023743.873.09$732
Jun 2017036142.493.09$1,115
May 2017031245.373.26$1,018
Apr 2017057947.933.21$1,860
Mar 2017058046.772.98$1,731
Feb 2017050650.452.95$1,494
Jan 201701,16549.413.42$3,983
Dec 201601,04248.763.72$3,879
Nov 201601,89342.492.64$5,006
Oct 201601,62146.193.09$5,009
Sep 2016261,48141.553.10$5,672
Aug 20161651,14841.442.92$10,195
Jul 2016281,22341.622.92$4,742
Jun 2016842445.352.69$1,502
May 20162490242.521.99$2,816
Apr 2016701,02536.561.99$4,600
Mar 20162249933.011.79$1,621
Feb 2016781,83226.472.06$5,845
Jan 2016069527.352.36$1,643
Dec 201501,11832.362.00$2,238
Nov 201501,59638.792.17$3,459
Oct 201501,45043.552.43$3,519
Sep 201501,56842.992.76$4,325
Aug 201502,36640.162.87$6,796
Jul 2015063248.152.95$1,861
Jun 2015073756.152.88$2,125
May 201501,29155.212.96$3,815
Apr 201517273149.822.71$10,548
Mar 2015089342.892.93$2,621
Feb 2015041844.662.98$1,244
Jan 2015010043.433.10$310
Dec 201401,17654.693.59$4,223
Nov 201401,28470.464.25$5,459
Oct 20141932,02878.303.90$23,023
Sep 201401,16286.164.05$4,701
Aug 20141241,59789.394.04$17,528
Jul 201401,51296.564.18$6,320
Jun 201401,66098.164.74$7,863
May 201401,64694.734.73$7,780
Apr 2014084895.944.81$4,078
Mar 201401,68395.895.06$8,511
Feb 201401,87397.406.19$11,598
Jan 201401,16290.404.86$5,648
Dec 201302,10091.824.35$9,144
Nov 20131911,96888.853.74$24,327
Oct 201302,18297.423.78$8,247
Sep 20131862,402104.113.72$28,294
Aug 201302,948104.253.52$10,385
Jul 201302,291102.523.72$8,517
Jun 201302,04994.403.93$8,060
May 20131852,51394.834.15$27,970
Apr 20131802,96093.964.28$29,589
Mar 2013081993.623.91$3,205
Feb 20131871,76491.233.42$23,093
Jan 201306291.603.42$212
Dec 201202,18586.773.42$7,473
Nov 201201,17986.953.62$4,274
Oct 201201,42389.383.40$4,838
Sep 201201,61894.672.92$4,722
Aug 20121802,69192.662.91$24,505
Jul 201218893885.133.02$18,838
Jun 201201,78879.822.52$4,504
May 2012012591.612.49$311
Apr 201201,997101.652.00$3,988
Mar 20121822,206105.052.22$24,021
Feb 20120851101.102.57$2,187
Jan 20121942,82498.092.73$26,751
Dec 201102,40796.873.24$7,798
Nov 201118699195.723.31$21,085
Oct 2011093284.983.65$3,400
Sep 201101,83983.623.99$7,330
Aug 20111852,19783.404.15$24,545
Jul 201101,77594.144.52$8,018
Jun 201101,99192.904.64$9,238
May 20111742,12598.134.40$26,435
Apr 201102,682105.964.33$11,622
Mar 20111883,55596.364.06$32,540
Feb 201101,02885.644.18$4,297
Jan 20111951,42086.504.59$23,384
Dec 20101831,53685.734.35$22,367
Nov 201002,23780.843.80$8,490
Oct 201002,08578.103.51$7,316
Sep 20101813,23972.633.98$26,036
Aug 20101592,37673.684.42$22,216
Jul 20101762,47472.554.74$24,487
Jun 201003,01970.364.91$14,825
May 20101863,22371.124.24$26,878
Apr 2010762,73981.694.12$17,500
Mar 20101702,53478.394.39$24,447
Feb 20101912,33173.585.44$26,740
Jan 201002,88274.365.96$17,189
Dec 20091933,37971.445.48$32,318
Nov 200902,27974.593.75$8,550
Oct 20093674,08772.544.11$43,421
Sep 200903,28665.543.06$10,071
Aug 200902,91767.423.22$9,388
Jul 20093813,53861.133.46$35,548
Jun 200903,35066.163.90$13,048
May 200902,59054.743.93$10,168
Apr 200903,79346.773.59$13,607
Mar 20093954,77242.144.06$36,015
Feb 200904,61732.814.63$21,391
Jan 200905,40735.865.37$29,041
Dec 20081916,60737.105.98$46,577
Nov 200819412,12355.496.86$93,933
Oct 200806,43675.246.92$44,550
Sep 20081743,986101.767.88$49,104
Aug 200802,910114.228.48$24,686
Jul 200804,791131.0811.39$54,567
Jun 20083673,080131.3313.03$88,339
May 200803,963123.1711.57$45,869
Apr 200804,075110.3110.45$42,604
Mar 20081893,115101.909.66$49,363
Feb 200803,98992.538.77$34,986
Jan 20081774,01890.388.21$48,968
Dec 200705,35988.337.30$39,131
Nov 20071812,53891.677.29$35,099
Oct 200704,54282.856.92$31,440
Sep 20071934,80775.846.24$44,653
Aug 20071835,30669.066.39$46,532
Jul 200705,17270.906.39$33,038
Jun 20071955,92962.007.55$56,845
May 200707,04158.747.85$55,246
Apr 20071884,37359.617.81$45,339
Mar 20071855,53456.927.30$50,939
Feb 20071885,25655.108.22$53,542
Jan 200706,43250.306.73$43,267
Dec 20061858,41456.656.92$68,692
Nov 20061776,95654.207.62$62,581
Oct 2006112,08754.906.01$72,744
Sep 200614,38260.085.04$22,133
Aug 20063737,79168.717.34$82,814
Jul 20061853,56269.376.34$35,426
Jun 20061892,39266.286.38$27,797
May 20061772,52166.016.42$27,881
Apr 20063715,57464.397.36$64,916
Mar 200618210,09956.707.08$81,850
Feb 20063785,69857.597.75$65,935
Jan 20061919,04760.598.93$92,392
Dec 200543610,40454.9413.42$163,528
Nov 200537813,78854.6910.59$166,666
Oct 200555212,72258.3413.80$207,713
Sep 200537613,98961.4512.08$192,078
Aug 200554317,90661.519.80$208,822
Jul 200574924,22355.697.84$231,708
Jun 20051,12720,31152.337.38$208,892
May 20051,67232,64045.226.65$292,702
Apr 20052,43427,09749.207.36$319,200
Mar 200578,80250.377.15$63,330

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           237 bbl  × $106.41 =    $25,219
Gas                  958 Mcf  × $  3.05 =     $2,918

────────────────────────────────────────────────────
Month total                                  $28,137

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/209790 is the state's own key, not one this site invented.