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Royalty Clerk

Texas gas well

Producing

MERCHANT

Merchant is a gas well in Reagan County, Texas, operated by OXY USA WTP LP in the Spraberry (Trend Area) R 40 Exc field.

Gas well dossier

259,139mcf gas, last 12 months0% vs prior year
Operator
OXY USA WTP LP
County
Reagan County
Field
Spraberry (Trend Area) R 40 Exc
RRC lease
7C-297417

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Where it sits

This county

Reagan CountyReaganIrionSterlingUptonMidlandGlasscockReagan County
Reagan County
Oil, last 12 months
946 bbl
Gas in Jul 2026
18,228 mcf

Production by month

Gas output held steady over the last 12 months

  • Gas (bars)
  • Oil (line)
  • Last 12 months
Gas output held steady over the last 12 monthsMonthly gas production and oil for MERCHANT, Apr 2024 to Jul 2026. Gas output held steady over the last 12 months. 259,139 mcf in the 12 months through Jul 2026, against 259,016 mcf in the 12 months before.Last 12 months: 259,139 mcfmcf per monthbbl per month0010k5020k10030k15040k200Apr 24JulOctJan 25AprJulOctJan 26AprJul
Gas output held steady over the last 12 monthsMonthly gas production and oil for MERCHANT, Apr 2024 to Jul 2026. Gas output held steady over the last 12 months. 259,139 mcf in the 12 months through Jul 2026, against 259,016 mcf in the 12 months before.Last 12 monthsmcf per monthbbl per month0010k5020k10030k15040k200Jul 24Jan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

97% of the gas went to a processing plant in the last 12 months

  • Processing plant (3)
  • Transmission line (2)
  • Flared (4)
97% of the gas went to a processing plant in the last 12 monthsShare of MERCHANT gas by disposition code each month, Apr 2024 to Jul 2026. 97% of the gas went to a processing plant in the last 12 months.Share of the lease’s gas by disposition code, per month0%50%100%Apr 24JulOctJan 25AprJulOctJan 26AprJul
97% of the gas went to a processing plant in the last 12 monthsShare of MERCHANT gas by disposition code each month, Apr 2024 to Jul 2026. 97% of the gas went to a processing plant in the last 12 months.Share of gas by disposition code0%50%100%Jul 24Jan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    97% · 250,160 mcf

  • Transmission line (2)

    3.5% · 8,962 mcf

  • Flared (4)

    0.0% · 17 mcf

Wells on this lease

No wells are linked to this lease in our data

Production is still reported at lease level.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%From
Plains Pipeline L.p.CondensateGathers100Apr 11, 2024
Energy Transfer CompanyGas-well gasBuys100Apr 11, 2024
Energy Transfer CompanyGas-well gasGathers100Apr 11, 2024

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

Who buys my oilOil price check

3,520 acres on the newest permit

Check your decimal on this lease
Permits for Merchant
API numberWell no.Acreson the permit
42-383-393711407BU3,520

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

Unit decimal checker

What Occidental Petroleum Corporation told investors it received

OXY USA WTP LP is linked to Occidental Petroleum Corporation (OXY).
Realized prices reported by Occidental Petroleum Corporation
QuarterOil$ per bblFiling
Q2 2026$96.78SEC filing
Q1 2026$69.91SEC filing
Q4 2025$58.99SEC filing
Q3 2025$64.78SEC filing
Q2 2025$63.76SEC filing
Q1 2025$71.07SEC filing

SourceOccidental Petroleum Corporation quarterly reports, SEC EDGAR, company-wide averages before hedging.

Estimate your royalty

28 months, newest first

Ledger for MERCHANT
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026303118,22818,2280$80.46$2.89
Jun 2026292618,82318,8230$84.81$3.15
May 2026324320,46320,4630$102.13$2.94
Apr 20264811912,15312,1530$100.32$2.77
Mar 202614120111,55811,5580$91.38$3.04
Feb 202618913413,02413,0240$64.51$3.62
Jan 202616811919,59719,5970$60.04$7.72
Dec 2025867624,38124,3810$57.97$4.26
Nov 2025645834,07034,0700$60.06$3.79
Oct 2025595129,96729,9670$60.89$3.19
Sep 2025454630,43730,42017$63.96$2.97
Aug 2025555226,43826,4380$64.86$2.91
Jul 2025426124,25424,2540$68.39$3.20
Jun 2025686422,48422,4840$68.17$3.02
May 2025724620,70820,7080$62.17$3.12
Apr 2025295613,19113,1910$63.54$3.42
Mar 2025807924,05924,0590$68.24$4.12
Feb 2025769724,46924,4627$71.53$4.19
Jan 20251428526,31526,3150$75.74$4.13
Dec 202414629,3649,3640$70.12$3.01
Nov 2024848021,37621,3760$69.95$2.12
Oct 2024907928,59328,5930$71.99$2.20
Sep 2024786619,98919,9890$70.24$2.28
Aug 2024474924,21424,2140$76.68$1.99
Jul 2024546623,38623,3860$81.80$2.07
Jun 2024677023,91323,81796$79.77$2.54
May 20249211125,66025,6600$80.02$2.12
Apr 20241235721,20921,2090$85.35$1.60

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

OperatorOXY USA WTP LPFieldSpraberry (Trend Area) R 40 ExcCountyReagan County

OXY USA WTP LP in Reagan County

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Spraberry (Trend Area) R 40 Exc field

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New drilling permits in Reagan County

Newest in the county: this lease has no coordinates.