Texas oil lease

Producing

MERCHANT ESTATE EAST K 16-23

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

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

2 wells

176,563bbl oil, since Mar 2026

Operator: De Central Operating, LLC
County: Reagan County
Field: Spraberry (Trend Area)
RRC lease: 7C-23434

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Where it sits

This county

Reagan County

Gas, since Mar 2026: 495,489 mcf
Oil in Jul 2026: 24,589 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% · 492,705 mcf
Flared (4)
0.6% · 2,784 mcf

0.6% of the gas flared in the 5 months reported. No month above 3%.

2 wells on this lease

Wells on MERCHANT ESTATE EAST K 16-23
API number	Well no.	Status
42-383-42165	4411H	Active
42-383-42166	4211H	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.

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Permits for Merchant Estate East K 16-23
API number	Well no.	Permit issued	Completed	Acreson the permit	Type
42-383-42165	4411H	Jul 16, 2025	Dec 8, 2025	644.14	Horizontal, allocation
42-383-42166	4211H	Jul 16, 2025	Dec 1, 2025	644.14	Horizontal, allocation

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

Unit decimal checker

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5 months, newest first

Ledger for MERCHANT ESTATE EAST K 16-23
Month	Oil producedbbl	Oil soldbbl	Gas producedmcf	Gas soldmcf, codes 2+3	Flaredmcf	WTI$/bbl	Henry Hub$/MMBtu
Jul 2026	24,589	24,603	120,696	120,037	659	$80.46	$2.89
Jun 2026	32,190	32,246	132,924	132,689	235	$84.81	$3.15
May 2026	48,479	48,467	129,487	129,003	484	$102.13	$2.94
Apr 2026	58,317	58,252	95,098	93,774	1,324	$100.32	$2.77
Mar 2026	12,988	12,938	17,284	17,202	82	$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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