PALMER 347
PALMER 347 is a Texas gas lease in Brooks County, Railroad Commission district 04, operated by Oxy USA Inc. It has 1 wellbore on file with the Commission. Reported production runs from August 2014 to August 2026, totalling 1,259,524 thousand cubic feet. The lease is currently producing. 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 $538K, with roughly $128K 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 2,149 thousand cubic feet a month. Its strongest month on the record we hold was August 2016, at 21,297 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 17% 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 PALMER 347
- Who operates PALMER 347?
- PALMER 347 is operated by Oxy USA Inc., Railroad Commission of Texas operator number 630591.
- Where is PALMER 347?
- PALMER 347 is a Texas gas lease in Brooks County, Texas, in Railroad Commission district 04. Its Railroad Commission lease number is 274967.
- Is PALMER 347 still producing?
- PALMER 347 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PALMER 347 is August 2026.
- How much has PALMER 347 produced?
- PALMER 347 has reported 1,259,524 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between August 2014 and August 2026, from 1 wellbore.
- How much is PALMER 347 worth?
- The remaining production from PALMER 347 is estimated to be worth about $538K in total as of 27 August 2026, within a range of $447K to $629K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PALMER 347 is a fraction of it. The estimate fits an Arps decline curve to the production PALMER 347 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PALMER 347 is an estimate of value, not an offer and not an appraisal.
- How much income does PALMER 347 generate in a year?
- PALMER 347 is forecast to net about $128K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in PALMER 347 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Oxy USA Inc. |
|---|---|
| Field | Home Run (Vicksburg Cons.) |
| County | Brooks County, Texas |
| RRC district | 04 |
| Lease number | 274967 |
| Wellbores | 1 |
| Reported production | 1,259,524 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $538K |
Where PALMER 347 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.