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Texas oil lease

Producing

MERCHANT ESTATE 18-12 E

Merchant Estate 18-12 E is an oil lease in Reagan County, Texas, operated by Diamondback E&P LLC in the Spraberry (Trend Area) field.

1 well

99,030bbl oil, last 12 months
Operator
Diamondback E&P LLC
County
Reagan County
Field
Spraberry (Trend Area)
RRC lease
7C-23226

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Where it sits

This county

Reagan CountyReaganIrionSterlingUptonMidlandGlasscockReagan County
Reagan County
Gas, last 12 months
560,091 mcf
Oil in Jul 2026
3,317 bbl

Production by month

Oil output fell 76% since Jun 2025

  • Oil (bars)
  • Gas (line)
Oil output fell 76% since Jun 2025Monthly oil production and gas for MERCHANT ESTATE 18-12 E, Jun 2025 to Jul 2026. Oil output fell 76% since Jun 2025. Monthly average of 4,320 bbl in the latest 3 months, against 17,854 bbl in the first 3.bbl per monthmcf per month0010k25k20k50k30k75k40k100kJul 25OctJan 26AprJul
Oil output fell 76% since Jun 2025Monthly oil production and gas for MERCHANT ESTATE 18-12 E, Jun 2025 to Jul 2026. Oil output fell 76% since Jun 2025. Monthly average of 4,320 bbl in the latest 3 months, against 17,854 bbl in the first 3.bbl per monthmcf per month0010k25k20k50k30k75k40k100kJul 25Jan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

95% of the gas went to a transmission line in the last 12 months

Flaring peaked at 3.5% of the gas in Oct 2025.

  • Transmission line (2)
  • Lease fuel (1)
  • Flared (4)
95% of the gas went to a transmission line in the last 12 monthsShare of MERCHANT ESTATE 18-12 E gas by disposition code each month, Jun 2025 to Jul 2026. 95% of the gas went to a transmission line in the last 12 months. Flaring peaked at 3.5% of the gas in Oct 2025.Share of the lease’s gas by disposition code, per month0%50%100%Flared 3.5%Jul 25OctJan 26AprJul
95% of the gas went to a transmission line in the last 12 monthsShare of MERCHANT ESTATE 18-12 E gas by disposition code each month, Jun 2025 to Jul 2026. 95% of the gas went to a transmission line in the last 12 months. Flaring peaked at 3.5% of the gas in Oct 2025.Share of gas by disposition code0%50%100%Flared 3.5%Jul 25Jan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    95% · 534,093 mcf

  • Lease fuel (1)

    3.5% · 19,824 mcf

  • Flared (4)

    1.1% · 6,174 mcf

1.1% of the gas flared in the last 12 months. One month above 3%.

1 well on this lease

Wells on MERCHANT ESTATE 18-12 E
API numberWell no.Status
42-383-419144WBActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%From
Medallion Operating Company, LLCOilGathers100Jun 29, 2025
Enterprise Products Operating LLCCasinghead gasBuys100Jun 29, 2025
Enterprise Products Operating LLCCasinghead gasGathers100Jun 29, 2025

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

Who buys my oilOil price check

643.30 acres on the newest permit

  • Worth asking

    An allocation well is on this lease

    A well drilled across several tracts shares its production by an allocation formula, so the decimal is not always your acres over the unit acres. Ask the operator for the allocation formula and the tract factor for your land.

Check your decimal on this lease
Permits for Merchant Estate 18-12 E
API numberWell no.Acreson the permit
42-383-419144WB643.30

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

Unit decimal checker

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.
QuarterOil$ per bblFiling
Q2 2026$96.82SEC filing
Q1 2026$73.47SEC filing
Q4 2025$58.00SEC filing
Q3 2025$64.60SEC filing
Q2 2025$63.23SEC filing
Q1 2025$70.95SEC filing

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

Estimate your royalty

14 months, newest first

Ledger for MERCHANT ESTATE 18-12 E
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20263,3173,32634,79633,58743$80.46$2.89
Jun 20264,2394,24236,65035,027276$84.81$3.15
May 20265,4045,40640,85538,943442$102.13$2.94
Apr 20265,2375,21037,52235,220835$100.32$2.77
Mar 20264,8284,82354,08251,648154$91.38$3.04
Feb 20264,3934,46839,97437,80782$64.51$3.62
Jan 20266,7236,68737,25535,146302$60.04$7.72
Dec 20258,0678,06739,79138,27794$57.97$4.26
Nov 20259,8499,87248,69547,26148$60.06$3.79
Oct 202511,49211,47851,97248,8241,807$60.89$3.19
Sep 202514,10714,13752,56450,404831$63.96$2.97
Aug 202521,37421,40685,93581,9491,260$64.86$2.91
Jul 202529,76929,72161,41658,724889$68.39$3.20
Jun 20252,4192,3074,9604,72912$68.17$3.02

Flared above 3%

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

OperatorDiamondback E&P LLCFieldSpraberry (Trend Area)CountyReagan County

Diamondback E&P LLC in Reagan County

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Spraberry (Trend Area) field

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