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Texas oil lease

Producing

MERCURY 1H

Mercury 1H is an oil lease in Reagan County, Texas, operated by Conocophillips Company in the Spraberry (Trend Area) field.

1 well

114,794bbl oil, last 12 months
Operator
Conocophillips Company
County
Reagan County
Field
Spraberry (Trend Area)
RRC lease
7C-23003

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Where it sits

This county

Reagan CountyReaganIrionSterlingUptonMidlandGlasscockReagan County
Reagan County
Gas, last 12 months
727,407 mcf
Oil in Jul 2026
6,008 bbl

Checks stopped on this lease?

  • Buyer

    Buyer changed: CONOCOPHILLIPS COMPANY replaced ENTERPRISE PRODUCTS OPERATING LLC as the buyer of this lease's gas from oil wells on Nov 1, 2025.

SourceRailroad Commission production, P-5 and P-4 records, data through Jul 2026.

See why checks stop on this lease

Production by month

Oil output fell 67% since May 2025

  • Oil (bars)
  • Gas (line)
Oil output fell 67% since May 2025Monthly oil production and gas for MERCURY 1H, May 2025 to Jul 2026. Oil output fell 67% since May 2025. Monthly average of 5,867 bbl in the latest 3 months, against 17,618 bbl in the first 3.bbl per monthmcf per month0010k20k20k40k30k60k40k80kJul 25OctJan 26AprJul
Oil output fell 67% since May 2025Monthly oil production and gas for MERCURY 1H, May 2025 to Jul 2026. Oil output fell 67% since May 2025. Monthly average of 5,867 bbl in the latest 3 months, against 17,618 bbl in the first 3.bbl per monthmcf per month0010k20k20k40k30k60k40k80kJul 25Jan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

94% of the gas went to a processing plant in the last 12 months

Flaring peaked at 6.9% of the gas in Nov 2025.

  • Processing plant (3)
  • Lease fuel (1)
  • Flared (4)
94% of the gas went to a processing plant in the last 12 monthsShare of MERCURY 1H gas by disposition code each month, May 2025 to Jul 2026. 94% of the gas went to a processing plant in the last 12 months. Flaring peaked at 6.9% of the gas in Nov 2025.Share of the lease’s gas by disposition code, per month0%50%100%Flared 6.9%Jul 25OctJan 26AprJul
94% of the gas went to a processing plant in the last 12 monthsShare of MERCURY 1H gas by disposition code each month, May 2025 to Jul 2026. 94% of the gas went to a processing plant in the last 12 months. Flaring peaked at 6.9% of the gas in Nov 2025.Share of gas by disposition code0%50%100%Flared 6.9%Jul 25Jan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    94% · 680,923 mcf

  • Lease fuel (1)

    3.8% · 27,782 mcf

  • Flared (4)

    2.6% · 18,702 mcf

2.6% of the gas flared in the last 12 months. 4 months above 3%.

1 well on this lease

Wells on MERCURY 1H
API numberWell no.Status
42-383-417601402BHActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Medallion Operating Company, LLCOilGathers100Mar 1, 2025–
Conocophillips CompanyCasinghead gasBuys90Nov 1, 2025–
Energy Transfer CompanyCasinghead gasBuys10Nov 1, 2025–
Energy Transfer CompanyCasinghead gasGathers100Nov 1, 2025–
Energy Transfer CompanyCasinghead gasGathers20May 1, 2025Nov 1, 2025
Enterprise Products Operating LLCCasinghead gasGathers80May 1, 2025Nov 1, 2025
Energy Transfer CompanyCasinghead gasBuys20May 1, 2025Nov 1, 2025
Enterprise Products Operating LLCCasinghead gasBuys80May 1, 2025Nov 1, 2025
Energy Transfer CompanyCasinghead gasGathers100Mar 1, 2025May 1, 2025
Etc South Permian Midstream LLCCasinghead gasBuys100Mar 1, 2025May 1, 2025

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

Who buys my oilOil price check

1,300.20 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 Mercury 1H
API numberWell no.Acreson the permit
42-383-417601402BH1,300.20

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

Unit decimal checker

What ConocoPhillips told investors it received

Conocophillips Company is linked to ConocoPhillips (COP).
Realized prices reported by ConocoPhillips
QuarterOil$ per bblFiling
Q2 2026$99.40SEC filing
Q1 2026$73.47SEC filing
Q3 2025$66.13SEC filing
Q2 2025$64.23SEC filing
Q1 2025$71.65SEC filing
Q3 2024$76.77SEC filing

SourceConocoPhillips quarterly reports, SEC EDGAR, company-wide averages before hedging.

Estimate your royalty

15 months, newest first

Ledger for MERCURY 1H
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20266,0085,97256,57451,2472,877$80.46$2.89
Jun 20265,3605,37455,05752,336324$84.81$3.15
May 20266,2326,30456,87054,138144$102.13$2.94
Apr 20268,8978,83854,99350,9821,127$100.32$2.77
Mar 20267,1167,11764,41160,5921,328$91.38$3.04
Feb 20266,8196,82362,61059,1331,388$64.51$3.62
Jan 20269,0439,07559,67956,438918$60.04$7.72
Dec 202512,40212,43463,27160,485555$57.97$4.26
Nov 202513,25513,19453,56747,9553,699$60.06$3.79
Oct 202511,51311,50973,64170,334930$60.89$3.19
Sep 202514,29714,27966,82460,6484,072$63.96$2.97
Aug 202513,85213,89559,91056,6351,340$64.86$2.91
Jul 202518,11418,07463,34461,232270$68.39$3.20
Jun 202525,68225,80248,75745,9541,064$68.17$3.02
May 20259,0588,87110,71010,054571$62.17$3.12

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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Nearby

This lease belongs to

OperatorConocophillips CompanyFieldSpraberry (Trend Area)CountyReagan County

Conocophillips Company in Reagan County

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Spraberry (Trend Area) field

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