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 217474District 04Field 424032482 tax incentive programmesCondensateGasSaveExport
Value, all time
$13.4 M
Mar 2006 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
243
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 Gas112006-10-13170686
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
CondensateDisposition54,362 bbl$3,829,797
GasProduction1,560,724 Mcf$9,543,663
Total$13,373,460

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 27.1416, -98.0597. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.14158, -98.05972 · 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
12,451 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 12,451 ft.

Completions filed
Mar 2006
1 of 1 wells

1 well

42-047322521112,451 ftMar 2006

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 (243)

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

243 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 20200016.921.81$0
Apr 20200014.751.80$0
Mar 20200030.341.86$0
Feb 20200049.881.98$0
Jan 20200057.252.09$0
Dec 20190059.012.30$0
Nov 20190055.302.75$0
Oct 20190053.472.42$0
Sep 20190055.052.66$0
Aug 20190053.112.30$0
Jul 20190056.272.46$0
Jun 20190052.782.49$0
May 20190058.482.74$0
Apr 20190062.632.75$0
Mar 20190056.803.06$0
Feb 20190050.852.79$0
Jan 20190046.033.23$0
Dec 20180046.594.19$0
Nov 20180052.934.24$0
Oct 20180061.443.40$0
Sep 20180059.543.11$0
Aug 20180059.403.07$0
Jul 20180065.142.93$0
Jun 20180060.183.08$0
May 20180065.382.90$0
Apr 20180063.842.90$0
Mar 20180061.222.79$0
Feb 20180061.782.77$0
Jan 20180062.874.01$0
Dec 20170057.272.92$0
Nov 20170055.423.12$0
Oct 20170049.292.98$0
Sep 20170047.523.09$0
Aug 20170045.373.00$0
Jul 20170043.873.09$0
Jun 20170042.493.09$0
May 20170045.373.26$0
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 201605646.193.09$173
Sep 2016166741.553.10$6,919
Aug 201605041.442.92$146
Jul 20161716241.622.92$7,298
Jun 20160045.352.69$0
May 20160042.521.99$0
Apr 20160036.561.99$0
Mar 20160033.011.79$0
Feb 20160026.472.06$0
Jan 201601927.352.36$45
Dec 20151941,80532.362.00$9,890
Nov 201502,46738.792.17$5,347
Oct 201503,39343.552.43$8,233
Sep 20151733,00342.992.76$15,721
Aug 20151853,27640.162.87$16,840
Jul 201503,05448.152.95$8,994
Jun 20153771,91256.152.88$26,681
May 2015522,22755.212.96$9,453
Apr 20153772,93949.822.71$26,737
Mar 20151952,82642.892.93$16,657
Feb 20153704,12944.662.98$28,813
Jan 20153726,96843.433.10$37,761
Dec 20141891,43354.693.59$15,483
Nov 2014717270.464.25$5,309
Oct 20141963,88278.303.90$30,490
Sep 20141995,16886.164.05$38,053
Aug 20141815,77389.394.04$39,474
Jul 20141965,23796.564.18$40,814
Jun 20143915,09198.164.74$62,496
May 20141886,42594.734.73$48,177
Apr 2014866,05195.944.81$37,351
Mar 2014816,04295.895.06$38,320
Feb 20141913,51397.406.19$40,356
Jan 20141934,57590.404.86$39,685
Dec 20132406,02391.824.35$48,264
Nov 20132545,99288.853.74$44,968
Oct 20132425,83897.423.78$45,640
Sep 20131975,857104.113.72$42,284
Aug 20131835,761104.253.52$39,372
Jul 20132575,688102.523.72$47,494
Jun 20131905,09394.403.93$37,969
May 20131805,90994.834.15$41,586
Apr 20133745,81493.964.28$60,040
Mar 20131856,51693.623.91$42,816
Feb 20131995,84191.233.42$38,130
Jan 20131995,84191.603.42$38,204
Dec 201207,14586.773.42$24,437
Nov 20123696,59486.953.62$55,988
Oct 201206,95389.383.40$23,638
Sep 20121826,67194.672.92$36,699
Aug 20123806,59392.662.91$54,384
Jul 20121867,98985.133.02$39,967
Jun 201207,40879.822.52$18,661
May 201237260091.612.49$35,572
Apr 201207,004101.652.00$13,986
Mar 20121736,775105.052.22$33,228
Feb 20123846,482101.102.57$55,483
Jan 20121897,49898.092.73$39,039
Dec 20113767,37196.873.24$60,303
Nov 201107,84095.723.31$25,960
Oct 20113728,11684.983.65$61,224
Sep 20111927,98383.623.99$47,874
Aug 20112388,26583.404.15$54,143
Jul 20111777,37794.144.52$49,986
Jun 20111867,13392.904.64$50,376
May 20111867,86498.134.40$52,892
Apr 20113818,060105.964.33$75,297
Mar 20111887,31596.364.06$47,795
Feb 20111767,09985.644.18$44,746
Jan 20111925,22186.504.59$40,566
Dec 20101967,73485.734.35$50,429
Nov 20101896,98580.843.80$41,789
Oct 20101887,72278.103.51$41,778
Sep 20103677,76672.633.98$57,560
Aug 20101808,38373.684.42$50,310
Jul 20103818,38272.554.74$67,343
Jun 20101878,14970.364.91$53,172
May 20101868,14871.124.24$47,737
Apr 20101897,54781.694.12$46,553
Mar 20101918,43178.394.39$51,973
Feb 20101895,82473.585.44$45,603
Jan 20103788,46574.365.96$78,594
Dec 20091929,01871.445.48$63,169
Nov 20091609,18774.593.75$46,399
Oct 20091908,73072.544.11$49,665
Sep 20093808,31865.543.06$50,398
Aug 200907,01967.423.22$22,591
Jul 20093487,78561.133.46$48,244
Jun 200918410,36466.163.90$52,541
May 200918610,55854.743.93$51,630
Apr 200918710,83146.773.59$47,602
Mar 200938712,58142.144.06$67,374
Feb 200919910,47032.814.63$55,037
Jan 200920211,57635.865.37$69,418
Dec 200820012,18437.105.98$80,245
Nov 200838812,51955.496.86$107,415
Oct 200818213,53875.246.92$107,403
Sep 200836913,173101.767.88$141,314
Aug 200817814,625114.228.48$144,395
Jul 200835916,097131.0811.39$230,393
Jun 200817916,397131.3313.03$237,204
May 200836718,465123.1711.57$258,923
Apr 200838419,597110.3110.45$247,243
Mar 200836322,509101.909.66$254,518
Feb 200837517,20692.538.77$185,605
Jan 200858619,08490.388.21$209,561
Dec 20075829,63988.337.30$121,792
Nov 20072008,13491.677.29$77,645
Oct 200756313,71782.856.92$141,593
Sep 200758813,37775.846.24$128,122
Aug 200775115,20769.066.39$149,005
Jul 200793618,50770.906.39$184,584
Jun 200775919,29962.007.55$192,736
May 200773118,66758.747.85$189,405
Apr 20071,16924,64959.617.81$262,074
Mar 20071,08927,91356.927.30$265,806
Feb 20071,13626,48455.108.22$280,186
Jan 20071,38233,10350.306.73$292,194
Dec 20061,28736,53056.656.92$325,639
Nov 20061,44237,94154.207.62$367,171
Oct 20061,79045,44054.906.01$371,538
Sep 20061,95851,43160.085.04$376,705
Aug 20061,95057,94468.717.34$559,289
Jul 20062,42572,39569.376.34$627,406
Jun 20062,90277,53166.286.38$687,293
May 20063,59788,11866.016.42$803,596
Apr 20063,36987,99164.397.36$864,586
Mar 20061,99742,35656.707.08$413,234

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.

Oct 2016 — as filed, then multipliedworked
Condensate             0 bbl  × $ 46.19 =         $0
Gas                   56 Mcf  × $  3.09 =       $173

────────────────────────────────────────────────────
Month total                                     $173

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/217474 is the state's own key, not one this site invented.