Skip to content
Royalty Clerk

Texas oil lease

Shut in

MERCHANT ESTATE

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

5 wells

74bbl oil, last 12 months−85% vs prior year
Operator
Diamondback E&P LLC
County
Reagan County
Field
Spraberry (Trend Area)
RRC lease
7C-14168

Is your check right?

Check my statement

Where it sits

This county

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

Checks stopped on this lease?

  • 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 4 months of state data (through Jul 2026).

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

See why checks stop on this lease

Production by month

Oil output fell 85% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 85% over the last 12 monthsMonthly oil production and gas for MERCHANT ESTATE, Aug 2023 to Jul 2026. Oil output fell 85% over the last 12 months. 74 bbl in the 12 months through Jul 2026, against 510 bbl in the 12 months before.Last 12 months: 74 bblbbl per monthmcf per month00251005020075300100400125500Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 85% over the last 12 monthsMonthly oil production and gas for MERCHANT ESTATE, Aug 2023 to Jul 2026. Oil output fell 85% over the last 12 months. 74 bbl in the 12 months through Jul 2026, against 510 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month00251005020075300100400125500Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

Since Nov 2024 the lease's gas goes to a transmission line instead of a processing plant

  • Processing plant (3)
  • Transmission line (2)
Since Nov 2024 the lease's gas goes to a transmission line instead of a processing plantShare of MERCHANT ESTATE gas by disposition code each month, Aug 2023 to Jul 2026. Since Nov 2024 the lease's gas goes to a transmission line instead of a processing plant.Share of the lease’s gas by disposition code, per month0%50%100%Nov 2024: plant to lineOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Nov 2024 the lease's gas goes to a transmission line instead of a processing plantShare of MERCHANT ESTATE gas by disposition code each month, Aug 2023 to Jul 2026. Since Nov 2024 the lease's gas goes to a transmission line instead of a processing plant.Share of gas by disposition code0%50%100%Nov 24: plant to lineJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    91% · 2,429 mcf

  • Processing plant (3)

    9.4% · 253 mcf

Who has run this lease

The operator changed once, most recently in Jan 2025

Operators of this lease over timeEndeavor Energy Resources L.P., Jan 2020 to Dec 2024; Diamondback E&P LLC, Jan 2025 to Jul 20262020202120222023202420252026Changed Jan 2025Endeavor Energy Resources L.P.Jan 2020 to Dec 2024Diamondback E&P LLCJan 2025 to now
Operators of this lease over timeEndeavor Energy Resources L.P., Jan 2020 to Dec 2024; Diamondback E&P LLC, Jan 2025 to Jul 20262020202120222023202420252026Changed Jan 2025Endeavor Energy Resources L.P.Jan 2020 to Dec 2024Diamondback E&P LLCJan 2025 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

5 wells on this lease

Wells on MERCHANT ESTATE
API numberWell no.Status
42-383-110781Active
42-383-111052Active
42-383-111393Active
42-383-111666Active
42-383-111798Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Enterprise Crude Oil LLCOilGathers100Apr 1, 2025–
Targa Pl Mid-Cont Westtex LLCCasinghead gasBuys100Nov 1, 2015–
Targa Pl Mid-Cont Westtex LLCCasinghead gasGathers100Oct 1, 2015–
Mission Petroleum Carriers, Inc.OilGathers50Mar 1, 2005Apr 1, 2025
Oasis Transp & Marketing Corp.OilGathers50Jun 1, 1999Apr 1, 2025

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

Who buys my oilOil price check

What the drilling permits say

  • Good to know

    The state has no unit acreage for this lease

    Ask the operator for the acreage on your well's division order and unit plat.

Check your decimal on this lease
Permits for Merchant Estate
API numberWell no.Acreson the permit
42-383-110781–
42-383-111052–
42-383-111393–
42-383-111666–
42-383-111798–

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

36 months, newest first

Ledger for MERCHANT ESTATE
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Diamondback E&P00000$80.46$2.89
Jun 2026Diamondback E&P00000$84.81$3.15
May 2026Diamondback E&P00000$102.13$2.94
Apr 2026Diamondback E&P00000$100.32$2.77
Mar 2026Diamondback E&P080000$91.38$3.04
Feb 2026Diamondback E&P00000$64.51$3.62
Jan 2026Diamondback E&P00000$60.04$7.72
Dec 2025Diamondback E&P00000$57.97$4.26
Nov 2025Diamondback E&P00000$60.06$3.79
Oct 2025Diamondback E&P00000$60.89$3.19
Sep 2025Diamondback E&P13049490$63.96$2.97
Aug 2025Diamondback E&P611761441440$64.86$2.91
Jul 2025Diamondback E&P12101861860$68.39$3.20
Jun 2025Diamondback E&P3312120$68.17$3.02
May 2025Diamondback E&P3311651650$62.17$3.12
Apr 2025Diamondback E&P2512772770$63.54$3.42
Mar 2025Diamondback E&P331792772770$68.24$4.12
Feb 2025Diamondback E&P3802762760$71.53$4.19
Jan 2025Diamondback E&P5603763760$75.74$4.13
Dec 2024Endeavor Energy3803783780$70.12$3.01
Nov 2024Endeavor Energy361882892890$69.95$2.12
Oct 2024Endeavor Energy4702532530$71.99$2.20
Sep 2024Endeavor Energy3501111110$70.24$2.28
Aug 2024Endeavor Energy450000$76.68$1.99
Jul 2024Endeavor Energy4202332330$81.80$2.07
Jun 2024Endeavor Energy311802162160$79.77$2.54
May 2024Endeavor Energy5101851850$80.02$2.12
Apr 2024Endeavor Energy5213003000$85.35$1.60
Mar 2024Endeavor Energy2814094090$81.28$1.49
Feb 2024Endeavor Energy471843733730$77.25$1.72
Jan 2024Endeavor Energy4223883880$74.15$3.18
Dec 2023Endeavor Energy4904144140$71.90$2.52
Nov 2023Endeavor Energy5404144140$77.69$2.71
Oct 2023Endeavor Energy361844564560$85.64$2.98
Sep 2023Endeavor Energy3903603600$89.43$2.64
Aug 2023Endeavor Energy4304774770$81.39$2.58

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

How to check your stub against this lease Checks stopped on this lease? See the likely reasons

Do your checks match this lease?

Check my statement

Nearby

This lease belongs to

OperatorDiamondback E&P LLCFieldSpraberry (Trend Area)CountyReagan County

Diamondback E&P LLC in Reagan County

All Diamondback E&P LLC leases →

Spraberry (Trend Area) field

All leases in this field →

Leases within 10 km

Drilling permits within 10 km