Texas oil lease

Producing

MERCHANT ESTATE EAST O 16-23

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

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

2 wells

210,839bbl oil, since Mar 2026

Operator: De Central Operating, LLC
County: Reagan County
Field: Spraberry (Trend Area)
RRC lease: 7C-23462

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Where it sits

This county

Reagan County

Gas, since Mar 2026: 533,388 mcf
Oil in Jul 2026: 34,482 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% · 529,524 mcf
Flared (4)
0.7% · 3,864 mcf

0.7% of the gas flared in the 5 months reported. No month above 3%.

2 wells on this lease

Wells on MERCHANT ESTATE EAST O 16-23
API number	Well no.	Status
42-383-42168	4415H	Active
42-383-42169	4215H	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 O 16-23
API number	Well no.	Permit issued	Completed	Acreson the permit	Type
42-383-42168	4415H	Jul 16, 2025	Dec 28, 2025	644.14	Horizontal, allocation
42-383-42169	4215H	Jul 16, 2025	Dec 20, 2025	644.14	Horizontal, allocation

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

Unit decimal checker

Estimate your royalty

5 months, newest first

Ledger for MERCHANT ESTATE EAST O 16-23
Month	Oil producedbbl	Oil soldbbl	Gas producedmcf	Gas soldmcf, codes 2+3	Flaredmcf	WTI$/bbl	Henry Hub$/MMBtu
Jul 2026	34,482	34,489	123,300	122,608	692	$80.46	$2.89
Jun 2026	39,847	39,898	111,461	111,271	190	$84.81	$3.15
May 2026	52,751	52,749	113,870	113,444	426	$102.13	$2.94
Apr 2026	69,033	68,954	156,106	153,732	2,374	$100.32	$2.77
Mar 2026	14,726	14,669	28,651	28,469	182	$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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