Texas oil lease

Producing

DROGON U1-MERAXES 38A

Name: DROGON U1-MERAXES 38A monthly oil and gas production, Martin County, Texas
Creator: Texas Railroad Commission

Drogon U1-Meraxes 38A is an oil lease in Martin County, Texas, operated by XTO Energy Inc. in the Spraberry (Trend Area) field.

1 well

134,782bbl oil, since Mar 2026

Operator: XTO Energy Inc.
County: Martin County
Field: Spraberry (Trend Area)
RRC lease: 08-64695

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Where it sits

This county

Martin County

Gas, since Mar 2026: 129,531 mcf
Oil in Jul 2026: 31,050 bbl

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Buyer
Buyer changed: ET GATHERING & PROCESSING LLC replaced ETC NORTH PERMIAN MIDSTREAM LLC as the buyer of this lease's gas from oil wells on Apr 22, 2026.

SourceRailroad Commission production, P-5 and P-4 records, data through Jul 2026.

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First check

Production started March 2026; the first check is due by about July 29, 2026 (estimate).

When is my first royalty check due?

Production by month

Oil output over 5 reported months

Oil (bars)
Gas (line)

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

98% of the gas went to a processing plant in the 5 months reported

Flaring peaked at 28.1% of the gas in Mar 2026.

Processing plant (3)
Lease fuel (1)
Flared (4)

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Processing plant (3)
98% · 127,371 mcf
Flared (4)
1.0% · 1,241 mcf
Lease fuel (1)
0.7% · 919 mcf

1.0% of the gas flared in the 5 months reported. One month above 3%.

1 well on this lease

Wells on DROGON U1-MERAXES 38A
API number	Well no.	Status
42-317-46915	5H	Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
Company	Product	Role	Share%	From	Until
Energy Trans Crude Marketing LLC	Oil	Gathers	100	Oct 3, 2025	–
Et Gathering & Processing LLC	Casinghead gas	Buys	100	Apr 22, 2026	–
Energy Transfer Company	Casinghead gas	Gathers	100	Oct 3, 2025	–
Etc North Permian Midstream LLC	Casinghead gas	Buys	100	Oct 3, 2025	Apr 22, 2026

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

Who buys my oil Oil price check

880.34 acres on the newest permit

Worth asking
An allocation well is on this lease
A well drilled across several tracts shares its production by an allocation formula, so the decimal is not always your acres over the unit acres. Ask the operator for the allocation formula and the tract factor for your land.
Good to know
A pooling certificate (P-12) was filed
Your tract may share its production with neighbors in a pooled unit. The unit acres the operator uses to divide production can differ from the acreage on one permit.

Check your decimal on this lease

Permits for Drogon U1-Meraxes 38A
API number	Well no.	Permit issued	Completed	Acreson the permit	Type
42-317-46915	5H	Aug 5, 2025	Oct 3, 2025	880.34	Horizontal, allocation

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

Unit decimal checker

Estimate your royalty

5 months, newest first

Ledger for DROGON U1-MERAXES 38A
Month	Oil producedbbl	Oil soldbbl	Gas producedmcf	Gas soldmcf, codes 2+3	Flaredmcf	WTI$/bbl	Henry Hub$/MMBtu
Jul 2026	31,050	31,029	29,569	29,140	194	$80.46	$2.89
Jun 2026	29,479	29,480	26,355	25,615	529	$84.81	$3.15
May 2026	28,000	28,002	35,856	35,346	317	$102.13	$2.94
Apr 2026	44,225	44,162	37,605	37,165	160	$100.32	$2.77
Mar 2026	2,028	2,018	146	105	41	$91.38	$3.04

Flared above 3%

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

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