PALMYRA MINERALS, LTD.
PALMYRA MINERALS, LTD. is a Texas gas lease in Zapata County, Railroad Commission district 04, operated by Mustang Oil & Gas Corporation. It has 1 wellbore on file with the Commission. Reported production runs from July 1995 to August 2026, totalling 5,516,232 thousand cubic feet. The lease is intermittent. Fitting a decline curve to that history and pricing the remaining production at today's forward curve values the whole lease — a 100% undivided interest — at about $10K, with roughly $1K expected over the next twelve months. An individual royalty owner receives their own decimal interest times that figure. Over the last twelve months on file it averaged 25 thousand cubic feet a month. Its strongest month on the record we hold was January 2018, at 5,686 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 45% of what they went on to produce, and that measured error is the range shown on the page rather than a confidence of our own devising.
Key facts about PALMYRA MINERALS, LTD.
- Who operates PALMYRA MINERALS, LTD.?
- PALMYRA MINERALS, LTD. is operated by Mustang Oil & Gas Corporation, Railroad Commission of Texas operator number 596926.
- Where is PALMYRA MINERALS, LTD.?
- PALMYRA MINERALS, LTD. is a Texas gas lease in Zapata County, Texas, in Railroad Commission district 04. Its Railroad Commission lease number is 156168.
- Is PALMYRA MINERALS, LTD. still producing?
- PALMYRA MINERALS, LTD. is intermittent. The most recent month of production reported to the Railroad Commission of Texas for PALMYRA MINERALS, LTD. is August 2026.
- How much has PALMYRA MINERALS, LTD. produced?
- PALMYRA MINERALS, LTD. has reported 5,516,232 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between July 1995 and August 2026, from 1 wellbore.
- How much is PALMYRA MINERALS, LTD. worth?
- The remaining production from PALMYRA MINERALS, LTD. is estimated to be worth about $10K in total as of 27 August 2026, within a range of $5K to $14K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PALMYRA MINERALS, LTD. is a fraction of it. The estimate fits an Arps decline curve to the production PALMYRA MINERALS, LTD. has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PALMYRA MINERALS, LTD. is an estimate of value, not an offer and not an appraisal.
- How much income does PALMYRA MINERALS, LTD. generate in a year?
- PALMYRA MINERALS, LTD. is forecast to net about $1K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in PALMYRA MINERALS, LTD. receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Mustang Oil & Gas Corporation |
|---|---|
| Field | Lopeno (Wilcox L-22) |
| County | Zapata County, Texas |
| RRC district | 04 |
| Lease number | 156168 |
| Wellbores | 1 |
| Reported production | 5,516,232 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $10K |
Where PALMYRA MINERALS, LTD. sits
Source: Railroad Commission of Texas lease production records, complete through . Figures on this page were computed on .
Production figures are as reported to the Railroad Commission of Texas. The value shown is an estimate produced by fitting a decline curve to that reported history; it is not an offer or an appraisal. How this estimate is calculated.