PALMER STATE 348
PALMER STATE 348 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 September 2014 to August 2026, totalling 245,888 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 $35K, with roughly $8K 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 409 thousand cubic feet a month. Its strongest month on the record we hold was May 2016, at 9,065 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 22% 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 STATE 348
- Who operates PALMER STATE 348?
- PALMER STATE 348 is operated by Oxy USA Inc., Railroad Commission of Texas operator number 630591.
- Where is PALMER STATE 348?
- PALMER STATE 348 is a Texas gas lease in Brooks County, Texas, in Railroad Commission district 04. Its Railroad Commission lease number is 275284.
- Is PALMER STATE 348 still producing?
- PALMER STATE 348 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PALMER STATE 348 is August 2026.
- How much has PALMER STATE 348 produced?
- PALMER STATE 348 has reported 245,888 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between September 2014 and August 2026, from 1 wellbore.
- How much is PALMER STATE 348 worth?
- The remaining production from PALMER STATE 348 is estimated to be worth about $35K in total as of 27 August 2026, within a range of $27K to $43K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PALMER STATE 348 is a fraction of it. The estimate fits an Arps decline curve to the production PALMER STATE 348 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PALMER STATE 348 is an estimate of value, not an offer and not an appraisal.
- How much income does PALMER STATE 348 generate in a year?
- PALMER STATE 348 is forecast to net about $8K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in PALMER STATE 348 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 | 275284 |
| Wellbores | 1 |
| Reported production | 245,888 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $35K |
Where PALMER STATE 348 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.