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Royalty Clerk

Texas oil lease

Producing

MERCHANT

Merchant is an oil lease in Hardin County, Texas, operated by Rheaco Oil Company, Ltd. in the Sour Lake field.

1 well

532bbl oil, last 12 months−2% vs prior year
Operator
Rheaco Oil Company, Ltd.
County
Hardin County
Field
Sour Lake
RRC lease
03-16356

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Where it sits

This county

Hardin CountyHardinOrangeJasperLibertyTylerNewtonPolkHardin County
Hardin County
Oil in Jul 2026
38 bbl
Reporting since
Jan 2020

Production by month

Oil output held steady over the last 12 months

  • Oil (bars)
  • Last 12 months
Oil output held steady over the last 12 monthsMonthly oil production for MERCHANT, Aug 2023 to Jul 2026. Oil output held steady over the last 12 months. 532 bbl in the 12 months through Jul 2026, against 541 bbl in the 12 months before.Last 12 months: 532 bblbbl per month020406080Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output held steady over the last 12 monthsMonthly oil production for MERCHANT, Aug 2023 to Jul 2026. Oil output held steady over the last 12 months. 532 bbl in the 12 months through Jul 2026, against 541 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.

1 well on this lease

Wells on MERCHANT
API numberWell no.Status
42-199-31845B 1Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Energy Trans Crude Marketing LLCOilGathers50Jul 1, 2021–
Energy Transfer Marketing & TermOilGathers50Dec 1, 2022–
Sunoco Ptnrs. Mktg.&terminals LPOilGathers50Jul 1, 2021Dec 1, 2022
Sunoco Ptnrs. Mktg.&terminals LPOilGathers100Oct 1, 2020Jul 1, 2021
Shell Trading (Us) CompanyOilGathers50Jan 1, 2018Oct 1, 2020
Sunoco Ptnrs. Mktg.&terminals LPOilGathers50Mar 1, 2018Oct 1, 2020

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

Who buys my oilOil price check

3 acres on the newest permit

Permits for Merchant
API numberWell no.Acreson the permit
42-199-31845B 13

SourceRailroad Commission drilling permits, Sep 26, 2026 (source 1, source 2).

Unit decimal checker

Estimate your royalty

36 months, newest first

Ledger for MERCHANT
MonthOil producedbblOil soldbblWTI$/bblHenry Hub$/MMBtu
Jul 2026380$80.46$2.89
Jun 2026490$84.81$3.15
May 2026390$102.13$2.94
Apr 202649159$100.32$2.77
Mar 2026520$91.38$3.04
Feb 2026430$64.51$3.62
Jan 202634162$60.04$7.72
Dec 2025490$57.97$4.26
Nov 2025420$60.06$3.79
Oct 202545161$60.89$3.19
Sep 2025460$63.96$2.97
Aug 2025460$64.86$2.91
Jul 2025450$68.39$3.20
Jun 202543156$68.17$3.02
May 2025490$62.17$3.12
Apr 2025540$63.54$3.42
Mar 2025420$68.24$4.12
Feb 202531158$71.53$4.19
Jan 2025460$75.74$4.13
Dec 2024490$70.12$3.01
Nov 202441154$69.95$2.12
Oct 2024500$71.99$2.20
Sep 2024460$70.24$2.28
Aug 202445156$76.68$1.99
Jul 2024450$81.80$2.07
Jun 2024530$79.77$2.54
May 2024510$80.02$2.12
Apr 202439155$85.35$1.60
Mar 2024400$81.28$1.49
Feb 2024420$77.25$1.72
Jan 202453160$74.15$3.18
Dec 2023490$71.90$2.52
Nov 2023430$77.69$2.71
Oct 2023470$85.64$2.98
Sep 202341157$89.43$2.64
Aug 2023490$81.39$2.58

SourceTexas Railroad Commission Production Data Query, through Jul 2026. Prices: EIA, through Aug 2026. Updated Sep 28, 2026.

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Nearby

This lease belongs to

OperatorRheaco Oil Company, Ltd.FieldSour LakeCountyHardin County

Rheaco Oil Company, Ltd. in Hardin County

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Sour Lake field

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