Texas oil lease

Producing

MERCHANT ESTATE EAST I 16-23

Name: MERCHANT ESTATE EAST I 16-23 monthly oil and gas production, Reagan County, Texas
Creator: Texas Railroad Commission

Merchant Estate East I 16-23 is an oil lease in Reagan County, Texas, operated by De Central Operating, LLC in the Spraberry (Trend Area) field.

1 well

116,619bbl oil, since Mar 2026

Operator: De Central Operating, LLC
County: Reagan County
Field: Spraberry (Trend Area)
RRC lease: 7C-23444

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Where it sits

This county

Reagan County

Gas, since Mar 2026: 476,377 mcf
Oil in Jul 2026: 16,331 bbl

First check

Production started March 2026; the first check is due by about July 29, 2026 (estimate).

When is my first royalty check due?

Production by month

Oil output over 5 reported months

Oil (bars)
Gas (line)

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

99% of the gas went to a processing plant in the 5 months reported

Processing plant (3)
Flared (4)

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Processing plant (3)
99% · 473,770 mcf
Flared (4)
0.5% · 2,607 mcf

0.5% of the gas flared in the 5 months reported. No month above 3%.

1 well on this lease

Wells on MERCHANT ESTATE EAST I 16-23
API number	Well no.	Status
42-383-42164	4309H	Active

SourceTexas Railroad Commission Wellbore Query.

644.14 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 East I 16-23
API number	Well no.	Permit issued	Completed	Acreson the permit	Type
42-383-42164	4309H	Jul 16, 2025	Dec 15, 2025	644.14	Horizontal, allocation

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

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5 months, newest first

Ledger for MERCHANT ESTATE EAST I 16-23
Month	Oil producedbbl	Oil soldbbl	Gas producedmcf	Gas soldmcf, codes 2+3	Flaredmcf	WTI$/bbl	Henry Hub$/MMBtu
Jul 2026	16,331	16,337	121,847	121,148	699	$80.46	$2.89
Jun 2026	20,227	20,261	122,430	122,216	214	$84.81	$3.15
May 2026	29,807	29,811	132,071	131,573	498	$102.13	$2.94
Apr 2026	41,378	41,330	86,829	85,678	1,151	$100.32	$2.77
Mar 2026	8,876	8,842	13,200	13,155	45	$91.38	$3.04

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

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