PALM
PALM is a Texas oil lease in Martin County, Railroad Commission district 08, operated by BC Operating, Inc. It has 1 wellbore on file with the Commission. Reported production runs from December 2006 to August 2026, totalling 79,817 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 $1.1M, with roughly $194K 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 221 barrels a month. Its strongest month on the record we hold was September 2016, at 662 barrels. 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 PALM
- Who operates PALM?
- PALM is operated by BC Operating, Inc., Railroad Commission of Texas operator number 058893.
- Where is PALM?
- PALM is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 38089.
- Is PALM still producing?
- PALM is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PALM is August 2026.
- How much has PALM produced?
- PALM has reported 79,817 barrels of oil (bbl) to the Railroad Commission of Texas between December 2006 and August 2026, from 1 wellbore.
- How much is PALM worth?
- The remaining production from PALM is estimated to be worth about $1.1M in total as of 26 August 2026, within a range of $827K to $1.3M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PALM is a fraction of it. The estimate fits an Arps decline curve to the production PALM has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PALM is an estimate of value, not an offer and not an appraisal.
- How much income does PALM generate in a year?
- PALM is forecast to net about $194K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in PALM receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | BC Operating, Inc. |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Martin County, Texas |
| RRC district | 08 |
| Lease number | 38089 |
| Wellbores | 1 |
| Reported production | 79,817 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.1M |
Where PALM 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.