Texas oil lease

Producing

MERCHANT ESTATE EAST M 16-23

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

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

1 well

118,668bbl oil, since Mar 2026

Operator: De Central Operating, LLC
County: Reagan County
Field: Spraberry (Trend Area)
RRC lease: 7C-23461

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Where it sits

This county

Reagan County

Gas, since Mar 2026: 426,557 mcf
Oil in Jul 2026: 14,904 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% · 424,155 mcf
Flared (4)
0.6% · 2,402 mcf

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

1 well on this lease

Wells on MERCHANT ESTATE EAST M 16-23
API number	Well no.	Status
42-383-42167	4313H	Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
Company	Product	Role	Share%	From
Medallion Operating Company, LLC	Oil	Gathers	100	Mar 1, 2026
Brazos Midland Gas, LLC	Casinghead gas	Buys	50	Mar 1, 2026
Enterprise Products Operating LLC	Casinghead gas	Buys	50	Mar 1, 2026
Brazos Midland Gas, LLC	Casinghead gas	Gathers	50	Mar 1, 2026
Enterprise Products Operating LLC	Casinghead gas	Gathers	50	Mar 1, 2026

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

Who buys my oil Oil price check

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 M 16-23
API number	Well no.	Permit issued	Completed	Acreson the permit	Type
42-383-42167	4313H	Jul 16, 2025	Nov 26, 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 M 16-23
Month	Oil producedbbl	Oil soldbbl	Gas producedmcf	Gas soldmcf, codes 2+3	Flaredmcf	WTI$/bbl	Henry Hub$/MMBtu
Jul 2026	14,904	14,913	118,089	117,438	651	$80.46	$2.89
Jun 2026	20,230	20,255	107,351	107,164	187	$84.81	$3.15
May 2026	26,314	26,330	108,490	108,082	408	$102.13	$2.94
Apr 2026	42,858	42,828	80,172	79,089	1,083	$100.32	$2.77
Mar 2026	14,362	14,307	12,455	12,382	73	$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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