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Texas oil lease

Producing

PALMER 28 AC.

Palmer 28 Ac. is an oil lease in Caldwell County, Texas, operated by Joe R. Cheatham Oil Company in the Lytton Springs field.

5 wells

582bbl oil, last 12 months−24% vs prior year
Operator
Joe R. Cheatham Oil Company
County
Caldwell County
Field
Lytton Springs
RRC lease
01-01169

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Where it sits

This county

Caldwell CountyCaldwellComalGonzalesFayetteTravisBastropLeeHaysGuadalupeCaldwell County
Caldwell County
Oil in Jul 2026
33 bbl
Reporting since
Jan 2020

Production by month

Oil output fell 24% over the last 12 months

  • Oil (bars)
  • Last 12 months
Oil output fell 24% over the last 12 monthsMonthly oil production for PALMER 28 AC., Aug 2023 to Jul 2026. Oil output fell 24% over the last 12 months. 582 bbl in the 12 months through Jul 2026, against 765 bbl in the 12 months before.Last 12 months: 582 bblbbl per month020406080Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 24% over the last 12 monthsMonthly oil production for PALMER 28 AC., Aug 2023 to Jul 2026. Oil output fell 24% over the last 12 months. 582 bbl in the 12 months through Jul 2026, against 765 bbl in the 12 months before.Last 12 monthsbbl per month020406080Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

No gas disposition reported for this lease

The operator has not reported where the gas went in the months we hold.

5 wells on this lease

Wells on PALMER 28 AC.
API numberWell no.Status
42-055-002912Active
42-055-002924Active
42-055-002978Active
42-055-002989Active
42-055-0029910Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Resurgence Oil Marketing Inc.OilGathers50Nov 17, 2023–
Synergy Transfer, LLCOilGathers50Jan 1, 2019–
Ace Gathering, Inc.OilGathers50Apr 1, 2021Nov 17, 2023
Enterprise Crude Oil LLCOilGathers50May 1, 2018Apr 1, 2021
Shell Trading (Us) CompanyOilGathers50Oct 19, 2018Jan 1, 2019

SourceRailroad Commission Form P-4 file, Sep 24, 2026 (source).

Who buys my oilOil price check

What the drilling permits say

  • Good to know

    The state has no unit acreage for this lease

    Ask the operator for the acreage on your well's division order and unit plat.

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Permits for Palmer 28 Ac.
API numberWell no.Acreson the permit
42-055-002912–
42-055-002924–
42-055-002978–
42-055-002989–
42-055-0029910–

SourceRailroad Commission drilling permits, Oct 3, 2026 (source 1, source 2).

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36 months, newest first

Ledger for PALMER 28 AC.
MonthOil producedbblOil soldbblWTI$/bblHenry Hub$/MMBtu
Jul 20263378$80.46$2.89
Jun 2026470$84.81$3.15
May 20263843$102.13$2.94
Apr 20265153$100.32$2.77
Mar 20265248$91.38$3.04
Feb 20265382$64.51$3.62
Jan 20264783$60.04$7.72
Dec 2025640$57.97$4.26
Nov 20255880$60.06$3.79
Oct 20256351$60.89$3.19
Sep 20253579$63.96$2.97
Aug 2025410$64.86$2.91
Jul 20256255$68.39$3.20
Jun 20256068$68.17$3.02
May 20256466$62.17$3.12
Apr 20256556$63.54$3.42
Mar 20256564$68.24$4.12
Feb 20255758$71.53$4.19
Jan 20255862$75.74$4.13
Dec 20246572$70.12$3.01
Nov 20246472$69.95$2.12
Oct 20246643$71.99$2.20
Sep 20246880$70.24$2.28
Aug 20247157$76.68$1.99
Jul 20246367$81.80$2.07
Jun 20246566$79.77$2.54
May 20246870$80.02$2.12
Apr 20246570$85.35$1.60
Mar 20246359$81.28$1.49
Feb 20246959$77.25$1.72
Jan 20246773$74.15$3.18
Dec 20237581$71.90$2.52
Nov 20236666$77.69$2.71
Oct 20233469$85.64$2.98
Sep 2023470$89.43$2.64
Aug 20233745$81.39$2.58

SourceTexas Railroad Commission Production Data Query, through Jul 2026. Prices: EIA, through Aug 2026. Updated Oct 2, 2026.

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Nearby

This lease belongs to

OperatorJoe R. Cheatham Oil CompanyFieldLytton SpringsCountyCaldwell County

Joe R. Cheatham Oil Company in Caldwell County

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Lytton Springs field

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