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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

116,645mcf gas, since Sep 2025
Operator
OXY USA WTP LP
County
Reagan County
Field
Spraberry (Trend Area) R 40 Exc
RRC lease
7C-300814

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Where it sits

This county

Reagan CountyReaganIrionSterlingUptonMidlandGlasscockReagan County
Reagan County
Oil, since Sep 2025
775 bbl
Gas in Jul 2026
10,090 mcf

Production by month

Gas output rose 133% since Sep 2025

  • Gas (bars)
  • Oil (line)
Gas output rose 133% since Sep 2025Monthly gas production and oil for MERCHANT, Sep 2025 to Jul 2026. Gas output rose 133% since Sep 2025. Monthly average of 16,462 mcf in the latest 3 months, against 7,060 mcf in the first 3.mcf per monthbbl per month005,0005010k10015k15020k20025k250Oct 25Jan 26AprJul
Gas output rose 133% since Sep 2025Monthly gas production and oil for MERCHANT, Sep 2025 to Jul 2026. Gas output rose 133% since Sep 2025. Monthly average of 16,462 mcf in the latest 3 months, against 7,060 mcf in the first 3.mcf per monthbbl per month005,0005010k10015k15020k20025k250Jan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

98% of the gas went to a processing plant in the 11 months reported

  • Processing plant (3)
  • Transmission line (2)
  • Flared (4)
98% of the gas went to a processing plant in the 11 months reportedShare of MERCHANT gas by disposition code each month, Sep 2025 to Jul 2026. 98% of the gas went to a processing plant in the 11 months reported.Share of the lease’s gas by disposition code, per month0%50%100%Oct 25Jan 26AprJul
98% of the gas went to a processing plant in the 11 months reportedShare of MERCHANT gas by disposition code each month, Sep 2025 to Jul 2026. 98% of the gas went to a processing plant in the 11 months reported.Share of gas by disposition code0%50%100%Jan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    98% · 114,426 mcf

  • Transmission line (2)

    1.9% · 2,216 mcf

  • Flared (4)

    0.0% · 3 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.CondensateGathers100Sep 13, 2025
Energy Transfer CompanyGas-well gasBuys100Sep 13, 2025
Energy Transfer CompanyGas-well gasGathers100Sep 13, 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
42-383-390581402CU3,520

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

11 months, newest first

Ledger for MERCHANT
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026586110,09010,0900$80.46$2.89
Jun 2026602717,77817,7780$84.81$3.15
May 2026162921,51821,5180$102.13$2.94
Apr 2026377012,69012,6900$100.32$2.77
Mar 202678768,1258,1250$91.38$3.04
Feb 202663676,8426,8420$64.51$3.62
Jan 202691868,8328,8320$60.04$7.72
Dec 202580969,5899,5890$57.97$4.26
Nov 2025941259,3719,3710$60.06$3.79
Oct 2025146845,5725,5720$60.89$3.19
Sep 202552156,2386,2353$63.96$2.97

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.