Texas oil lease

Shut in

MERCHANT ESTATE 16

Name: MERCHANT ESTATE 16 monthly oil and gas production, Reagan County, Texas
Creator: Texas Railroad Commission

Merchant Estate 16 is an oil lease in Reagan County, Texas, operated by Diamondback E&P LLC in the Spraberry (Trend Area) field.

4 wells

0bbl oil, last 12 months

Operator: Diamondback E&P LLC
County: Reagan County
Field: Spraberry (Trend Area)
RRC lease: 7C-04697

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Where it sits

This county

Reagan County

Oil in Jul 2026: 0 bbl
Reporting since: Jan 2020

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Operator
Operator changed: Diamondback E&P LLC took over from Endeavor Energy Resources L.P. in Jan 2025.
Sales
No sales reported for the last 12 months of state data (through Jul 2026).
Wells
All 4 wells on this lease are marked plugged.

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

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Production by month

No production to chart

The state shows zero oil and zero gas for all 36 months we hold (Aug 2023 to Jul 2026). A lease that is shut in or newly reported looks like this. The ledger below lists each month.

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.

Who has run this lease

The operator changed once, most recently in Jan 2025

Diamondback E&P LLC Jan 2025 to now
Endeavor Energy Resources L.P. Jan 2020 to Dec 2024

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

4 wells on this lease

Wells on MERCHANT ESTATE 16
API number	Well no.	Status
42-383-10592	1	Active
42-383-10620	2	Active
42-383-31537	3	Active
42-383-31538	4	Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
Company	Product	Role	Share%	From
Plains Marketing, L.p.	Oil	Gathers	100	Jul 1, 2000
Targa Pl Mid-Cont Westtex LLC	Casinghead gas	Buys	100	Nov 1, 2015
Targa Pl Mid-Cont Westtex LLC	Casinghead gas	Gathers	100	Oct 1, 2015

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

Who buys my oil Oil price check

320 acres on the newest permit

Good to know
All listed wells are plugged
The RRC wellbore records mark all listed wells as plugged. These records do not show whether earlier royalties remain payable. Ask the payor about any unpaid months.

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Permits for Merchant Estate 16
API number	Well no.	Permit issued	Completed	Acreson the permit	Type
42-383-31537	3	Dec 27, 1979	May 15, 1980	320	Vertical
42-383-31538	4	Dec 27, 1979	Jun 19, 1980	320	Vertical
42-383-10592	1	–	Jan 16, 1966	–	–
42-383-10620	2	–	May 30, 1966	–	–

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

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What Diamondback Energy, Inc. told investors it received

Diamondback E&P LLC is linked to Diamondback Energy, Inc. (FANG).

Realized prices reported by Diamondback Energy, Inc.
Quarter	Oil$ per bbl	Gas$ per mcf	Gas liquids$ per bbl	Filing
Q2 2026	$96.82	−$2.15	$18.56	SEC filing
Q1 2026	$73.47	$0.18	$16.68	SEC filing
Q4 2025	$58.00	$0.03	$13.51	SEC filing
Q3 2025	$64.60	$0.75	$17.28	SEC filing
Q2 2025	$63.23	$0.88	$18.13	SEC filing
Q1 2025	$70.95	$2.11	$23.94	SEC filing

SourceDiamondback Energy, Inc. quarterly reports, SEC EDGAR, company-wide averages before hedging.

Estimate your royalty

36 months, newest first

Ledger for MERCHANT ESTATE 16
Month	Operator	Oil soldbbl	WTI$/bbl	Henry Hub$/MMBtu
Jul 2026Diamondback E&P	Diamondback E&P LLC	0	$80.46	$2.89
Jun 2026Diamondback E&P	Diamondback E&P LLC	0	$84.81	$3.15
May 2026Diamondback E&P	Diamondback E&P LLC	0	$102.13	$2.94
Apr 2026Diamondback E&P	Diamondback E&P LLC	0	$100.32	$2.77
Mar 2026Diamondback E&P	Diamondback E&P LLC	0	$91.38	$3.04
Feb 2026Diamondback E&P	Diamondback E&P LLC	0	$64.51	$3.62
Jan 2026Diamondback E&P	Diamondback E&P LLC	0	$60.04	$7.72
Dec 2025Diamondback E&P	Diamondback E&P LLC	0	$57.97	$4.26
Nov 2025Diamondback E&P	Diamondback E&P LLC	0	$60.06	$3.79
Oct 2025Diamondback E&P	Diamondback E&P LLC	0	$60.89	$3.19
Sep 2025Diamondback E&P	Diamondback E&P LLC	0	$63.96	$2.97
Aug 2025Diamondback E&P	Diamondback E&P LLC	0	$64.86	$2.91
Jul 2025Diamondback E&P	Diamondback E&P LLC	0	$68.39	$3.20
Jun 2025Diamondback E&P	Diamondback E&P LLC	0	$68.17	$3.02
May 2025Diamondback E&P	Diamondback E&P LLC	0	$62.17	$3.12
Apr 2025Diamondback E&P	Diamondback E&P LLC	0	$63.54	$3.42
Mar 2025Diamondback E&P	Diamondback E&P LLC	0	$68.24	$4.12
Feb 2025Diamondback E&P	Diamondback E&P LLC	0	$71.53	$4.19
Jan 2025Diamondback E&P	Diamondback E&P LLC	115	$75.74	$4.13
Dec 2024Endeavor Energy	Endeavor Energy Resources L.P.	0	$70.12	$3.01
Nov 2024Endeavor Energy	Endeavor Energy Resources L.P.	0	$69.95	$2.12
Oct 2024Endeavor Energy	Endeavor Energy Resources L.P.	0	$71.99	$2.20
Sep 2024Endeavor Energy	Endeavor Energy Resources L.P.	0	$70.24	$2.28
Aug 2024Endeavor Energy	Endeavor Energy Resources L.P.	0	$76.68	$1.99
Jul 2024Endeavor Energy	Endeavor Energy Resources L.P.	0	$81.80	$2.07
Jun 2024Endeavor Energy	Endeavor Energy Resources L.P.	0	$79.77	$2.54
May 2024Endeavor Energy	Endeavor Energy Resources L.P.	0	$80.02	$2.12
Apr 2024Endeavor Energy	Endeavor Energy Resources L.P.	0	$85.35	$1.60
Mar 2024Endeavor Energy	Endeavor Energy Resources L.P.	0	$81.28	$1.49
Feb 2024Endeavor Energy	Endeavor Energy Resources L.P.	0	$77.25	$1.72
Jan 2024Endeavor Energy	Endeavor Energy Resources L.P.	0	$74.15	$3.18
Dec 2023Endeavor Energy	Endeavor Energy Resources L.P.	0	$71.90	$2.52
Nov 2023Endeavor Energy	Endeavor Energy Resources L.P.	0	$77.69	$2.71
Oct 2023Endeavor Energy	Endeavor Energy Resources L.P.	0	$85.64	$2.98
Sep 2023Endeavor Energy	Endeavor Energy Resources L.P.	0	$89.43	$2.64
Aug 2023Endeavor Energy	Endeavor Energy Resources L.P.	0	$81.39	$2.58

SourceTexas Railroad Commission Production Data Query, through Jul 2026. Prices: EIA, through Aug 2026. Updated Oct 2, 2026.

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