Texas oil lease

Producing

MERCHANT ESTATE WEST C 16-23

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

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

2 wells

125,479bbl oil, since Mar 2026

Operator: De Central Operating, LLC
County: Reagan County
Field: Spraberry (Trend Area)
RRC lease: 7C-23426

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Where it sits

This county

Reagan County

Gas, since Mar 2026: 521,026 mcf
Oil in Jul 2026: 18,817 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% · 517,769 mcf
Flared (4)
0.6% · 3,257 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 WEST C 16-23
API number	Well no.	Status
42-383-42150	4403H	Active
42-383-42151	4203H	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 West C 16-23
API number	Well no.	Permit issued	Completed	Acreson the permit	Type
42-383-42150	4403H	Jun 25, 2025	Oct 19, 2025	644.14	Horizontal, allocation
42-383-42151	4203H	Jun 25, 2025	Nov 24, 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 WEST C 16-23
Month	Oil producedbbl	Oil soldbbl	Gas producedmcf	Gas soldmcf, codes 2+3	Flaredmcf	WTI$/bbl	Henry Hub$/MMBtu
Jul 2026	18,817	18,821	138,689	137,925	764	$80.46	$2.89
Jun 2026	21,953	21,981	124,121	123,904	217	$84.81	$3.15
May 2026	28,958	28,972	135,060	134,546	514	$102.13	$2.94
Apr 2026	45,519	45,468	107,264	105,929	1,335	$100.32	$2.77
Mar 2026	10,232	10,193	15,892	15,465	427	$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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