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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

203,277mcf gas, since Sep 2025
RRC lease
7C-300818

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Where it sits

This county

Reagan CountyReaganIrionSterlingUptonMidlandGlasscockReagan County
Reagan County
Oil, since Sep 2025
754 bbl
Gas in Jul 2026
17,325 mcf

Production by month

Gas output fell 5% since Sep 2025

  • Gas (bars)
  • Oil (line)
Gas output fell 5% since Sep 2025Monthly gas production and oil for MERCHANT, Sep 2025 to Jul 2026. Gas output fell 5% since Sep 2025. Monthly average of 21,841 mcf in the latest 3 months, against 22,962 mcf in the first 3.mcf per monthbbl per month0010k10020k20030k30040k400Oct 25Jan 26AprJul
Gas output fell 5% since Sep 2025Monthly gas production and oil for MERCHANT, Sep 2025 to Jul 2026. Gas output fell 5% since Sep 2025. Monthly average of 21,841 mcf in the latest 3 months, against 22,962 mcf in the first 3.mcf per monthbbl per month0010k10020k20030k30040k400Jan 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% · 198,724 mcf

  • Transmission line (2)

    2.2% · 4,541 mcf

  • Flared (4)

    0.0% · 12 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).

3,520 acres on the newest permit

Permits for Merchant
API numberWell no.Acreson the permit
42-383-395561412BA3,520

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

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 2026334117,32517,3250$80.46$2.89
Jun 2026432223,04123,0410$84.81$3.15
May 2026173925,15725,1570$102.13$2.94
Apr 2026522114,44514,4450$100.32$2.77
Mar 20260010,08910,0890$91.38$3.04
Feb 202609211,44811,4480$64.51$3.62
Jan 202614723915,35815,3580$60.04$7.72
Dec 202528415717,52817,5280$57.97$4.26
Nov 2025795322,93722,9370$60.06$3.79
Oct 2025465323,17523,1750$60.89$3.19
Sep 2025531522,77422,76212$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

OXY USA WTP LP in Reagan County

All OXY USA WTP LP leases →

Spraberry (Trend Area) R 40 Exc field

All leases in this field →

New drilling permits in Reagan County

Newest in the county: this lease has no coordinates.