Texas oil lease

Producing

MERCHANT ESTATE WEST G 16-23

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

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

2 wells

132,390bbl oil, since Feb 2026

Operator: De Central Operating, LLC
County: Reagan County
Field: Spraberry (Trend Area)
RRC lease: 7C-23428

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Where it sits

This county

Reagan County

Gas, since Feb 2026: 446,008 mcf
Oil in Jul 2026: 15,367 bbl

First check

Production started February 2026; the first check is due by about June 28, 2026 (estimate).

When is my first royalty check due?

Production by month

Oil output fell 10% since Feb 2026

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 6 months reported

Flaring peaked at 40.9% of the gas in Feb 2026.

Processing plant (3)
Flared (4)

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Processing plant (3)
99% · 442,537 mcf
Flared (4)
0.8% · 3,471 mcf

0.8% of the gas flared in the 6 months reported. 2 months above 3%.

2 wells on this lease

Wells on MERCHANT ESTATE WEST G 16-23
API number	Well no.	Status
42-383-42153	4407H	Active
42-383-42154	4207H	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 G 16-23
API number	Well no.	Permit issued	Completed	Acreson the permit	Type
42-383-42153	4407H	Jun 25, 2025	Nov 4, 2025	644.14	Horizontal, allocation
42-383-42154	4207H	Jun 25, 2025	Oct 29, 2025	644.14	Horizontal, allocation

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

Unit decimal checker

Estimate your royalty

6 months, newest first

Ledger for MERCHANT ESTATE WEST G 16-23
Month	Oil producedbbl	Oil soldbbl	Gas producedmcf	Gas soldmcf, codes 2+3	Flaredmcf	WTI$/bbl	Henry Hub$/MMBtu
Jul 2026	15,367	15,370	112,892	112,272	620	$80.46	$2.89
Jun 2026	17,939	17,976	111,714	111,523	191	$84.81	$3.15
May 2026	29,247	29,248	114,984	114,557	427	$102.13	$2.94
Apr 2026	39,065	39,093	87,452	86,273	1,179	$100.32	$2.77
Mar 2026	27,219	27,207	17,690	17,158	532	$91.38	$3.04
Feb 2026	3,553	3,460	1,276	754	522	$64.51	$3.62

Flared above 3%

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

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