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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

156,135mcf gas, last 12 months
Operator
OXY USA WTP LP
County
Reagan County
Field
Spraberry (Trend Area) R 40 Exc
RRC lease
7C-299139

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Where it sits

This county

Reagan CountyReaganIrionSterlingUptonMidlandGlasscockReagan County
Reagan County
Oil, last 12 months
1,021 bbl
Gas in Jul 2026
0 mcf

Checks stopped on this lease?

  • Sales

    Sales over the last 3 months fell to 17% of the 9 months before.

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

See why checks stop on this lease

Production by month

Gas output fell 88% since Mar 2025

  • Gas (bars)
  • Oil (line)
Gas output fell 88% since Mar 2025Monthly gas production and oil for MERCHANT, Mar 2025 to Jul 2026. Gas output fell 88% since Mar 2025. Monthly average of 2,714 mcf in the latest 3 months, against 23,335 mcf in the first 3.mcf per monthbbl per month0010k5020k10030k15040k20050k250Apr 25JulOctJan 26AprJul
Gas output fell 88% since Mar 2025Monthly gas production and oil for MERCHANT, Mar 2025 to Jul 2026. Gas output fell 88% since Mar 2025. Monthly average of 2,714 mcf in the latest 3 months, against 23,335 mcf in the first 3.mcf per monthbbl per month0010k5020k10030k15040k20050k250Jul 25Jan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

96% of the gas went to a processing plant in the last 12 months

  • Processing plant (3)
  • Transmission line (2)
  • Flared (4)
96% of the gas went to a processing plant in the last 12 monthsShare of MERCHANT gas by disposition code each month, Mar 2025 to Jul 2026. 96% 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 25JulOctJan 26AprJul
96% of the gas went to a processing plant in the last 12 monthsShare of MERCHANT gas by disposition code each month, Mar 2025 to Jul 2026. 96% of the gas went to a processing plant in the last 12 months.Share of gas by disposition code0%50%100%Jul 25Jan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    96% · 172,578 mcf

  • Transmission line (2)

    4.3% · 7,757 mcf

  • Flared (4)

    0.0% · 14 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.CondensateGathers100Mar 3, 2025
Energy Transfer CompanyGas-well gasBuys100Mar 3, 2025
Energy Transfer CompanyGas-well gasGathers100Mar 3, 2025

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
42-383-395471410BU3,520

SourceRailroad Commission drilling permits, Oct 3, 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

17 months, newest first

Ledger for MERCHANT
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 202610000$80.46$2.89
Jun 2026003,9013,9010$84.81$3.15
May 2026004,2414,2410$102.13$2.94
Apr 2026002,1752,1750$100.32$2.77
Mar 20260102,3042,3040$91.38$3.04
Feb 2026121023,1923,1920$64.51$3.62
Jan 202616020914,50514,5050$60.04$7.72
Dec 202523022522,29522,2950$57.97$4.26
Nov 202519911827,22127,2210$60.06$3.79
Oct 20259319925,58225,5820$60.89$3.19
Sep 202523512125,62225,60814$63.96$2.97
Aug 20259114425,09725,0970$64.86$2.91
Jul 202515213424,21424,2140$68.39$3.20
Jun 202512510623,01223,0120$68.17$3.02
May 20251148127,47327,4730$62.17$3.12
Apr 2025602226,61926,6190$63.54$3.42
Mar 20250015,91315,9130$68.24$4.12

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.