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Texas oil lease

Producing

MERCHANT STATE

Merchant State is an oil lease in Pecos County, Texas, operated by Olsen Energy Inc. in the Lehn-Apco, S. (Wichita-Albany) field.

3 wells

1,939bbl oil, last 12 months−6% vs prior year
Operator
Olsen Energy Inc.
County
Pecos County
Field
Lehn-Apco, S. (Wichita-Albany)
RRC lease
08-34786

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Where it sits

This county

Pecos CountyPecosUptonCranePecos County
Pecos County
Gas, last 12 months
2,023 mcf
Oil in Jul 2026
188 bbl

Production by month

Oil output fell 6% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 6% over the last 12 monthsMonthly oil production and gas for MERCHANT STATE, Aug 2023 to Jul 2026. Oil output fell 6% over the last 12 months. 1,939 bbl in the 12 months through Jul 2026, against 2,062 bbl in the 12 months before.Last 12 months: 1,939 bblbbl per monthmcf per month00502001004001506002008002501,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 6% over the last 12 monthsMonthly oil production and gas for MERCHANT STATE, Aug 2023 to Jul 2026. Oil output fell 6% over the last 12 months. 1,939 bbl in the 12 months through Jul 2026, against 2,062 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month00502001004001506002008002501,000Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

All of the gas went to a transmission line in the last 12 months

All of the gas went to a transmission line in the last 12 monthsShare of MERCHANT STATE gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to a transmission line in the last 12 months.Share of the lease’s gas by disposition code, per month0%50%100%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
All of the gas went to a transmission line in the last 12 monthsShare of MERCHANT STATE gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to a transmission line in the last 12 months.Share of gas by disposition code0%50%100%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

3 wells on this lease

Wells on MERCHANT STATE
API numberWell no.Status
42-371-323392CActive
42-371-323764Active
42-371-330546Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Shell Trading (Us) CompanyOilGathers100Dec 1, 2025–
Raptor Natural Plns Egr Serv LLCCasinghead gasGathers100Feb 1, 2001Dec 1, 2025
Nominator Not Required / Swr 31Casinghead gasNominates100Dec 1, 2006Dec 1, 2025
Raptor Natural Plns Egr Serv LLCCasinghead gasBuys100Feb 1, 2001Dec 1, 2025
Plains Marketing, L.p.OilGathers100Jul 1, 2000Dec 1, 2025

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

Who buys my oilOil price check

640 acres on the newest permit

Permits for Merchant State
API numberWell no.Acreson the permit
42-371-323764640
42-371-330546640
42-371-323392C640

SourceRailroad Commission drilling permits, Sep 26, 2026 (source 1, source 2).

Unit decimal checker

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36 months, newest first

Ledger for MERCHANT STATE
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20261881671311310$80.46$2.89
Jun 202682154000$84.81$3.15
May 2026170166000$102.13$2.94
Apr 2026167170000$100.32$2.77
Mar 2026150163000$91.38$3.04
Feb 20261471652652650$64.51$3.62
Jan 20261681661141140$60.04$7.72
Dec 20251891654874870$57.97$4.26
Nov 20251691732072070$60.06$3.79
Oct 2025161179000$60.89$3.19
Sep 20251711732712710$63.96$2.97
Aug 20251771755485480$64.86$2.91
Jul 20251531773453450$68.39$3.20
Jun 20251641795195190$68.17$3.02
May 20251801736616610$62.17$3.12
Apr 20251751795315310$63.54$3.42
Mar 20251951732112110$68.24$4.12
Feb 20251591765325320$71.53$4.19
Jan 202517117836360$75.74$4.13
Dec 20241871824904900$70.12$3.01
Nov 20241631814554550$69.95$2.12
Oct 20241711762322320$71.99$2.20
Sep 202416777110$70.24$2.28
Aug 2024177177000$76.68$1.99
Jul 2024178178000$81.80$2.07
Jun 2024166175000$79.77$2.54
May 20241791781821820$80.02$2.12
Apr 20241851773383380$85.35$1.60
Mar 20241941814174170$81.28$1.49
Feb 20241911693323320$77.25$1.72
Jan 20241953623103100$74.15$3.18
Dec 202320003533530$71.90$2.52
Nov 20231903572972970$77.69$2.71
Oct 20231881752502500$85.64$2.98
Sep 20231851673653650$89.43$2.64
Aug 20232061724154150$81.39$2.58

SourceTexas Railroad Commission Production Data Query, through Jul 2026. Prices: EIA, through Aug 2026. Updated Sep 28, 2026.

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Nearby

This lease belongs to

OperatorOlsen Energy Inc.FieldLehn-Apco, S. (Wichita-Albany)CountyPecos County

Olsen Energy Inc. in Pecos County

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Lehn-Apco, S. (Wichita-Albany) field

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