PALMS
PALMS is a Texas oil lease in Cass County, Railroad Commission district 06, operated by Rose City Resources, LLC. It has 1 wellbore on file with the Commission. Reported production runs from November 2024 to August 2026, totalling 53,783 barrels. 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 $767K, with roughly $594K 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 2,466 barrels a month. Its strongest month on the record we hold was March 2025, at 5,475 barrels. 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 PALMS
- Who operates PALMS?
- PALMS is operated by Rose City Resources, LLC, Railroad Commission of Texas operator number 727892.
- Where is PALMS?
- PALMS is a Texas oil lease in Cass County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 16113.
- Is PALMS still producing?
- PALMS is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PALMS is August 2026.
- How much has PALMS produced?
- PALMS has reported 53,783 barrels of oil (bbl) to the Railroad Commission of Texas between November 2024 and August 2026, from 1 wellbore.
- How much is PALMS worth?
- The remaining production from PALMS is estimated to be worth about $767K in total as of 26 August 2026, within a range of $636K to $897K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PALMS is a fraction of it. The estimate fits an Arps decline curve to the production PALMS has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PALMS is an estimate of value, not an offer and not an appraisal.
- How much income does PALMS generate in a year?
- PALMS is forecast to net about $594K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in PALMS receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Rose City Resources, LLC |
|---|---|
| Field | Hidden Rock (Cotton Valley Lime) |
| County | Cass County, Texas |
| RRC district | 06 |
| Lease number | 16113 |
| Wellbores | 1 |
| Reported production | 53,783 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $767K |
Where PALMS 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.