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Texas oil lease

Producing

MERCURY 3H

Mercury 3H is an oil lease in Reagan County, Texas, operated by Conocophillips Company in the Spraberry (Trend Area) field.

1 well

93,536bbl oil, last 12 months
Operator
Conocophillips Company
County
Reagan County
Field
Spraberry (Trend Area)
RRC lease
7C-23292

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Where it sits

This county

Reagan CountyReaganIrionSterlingUptonMidlandGlasscockReagan County
Reagan County
Gas, last 12 months
689,960 mcf
Oil in Jul 2026
4,971 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 May 1, 2025.

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

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Production by month

Oil output fell 70% since May 2025

  • Oil (bars)
  • Gas (line)
Oil output fell 70% since May 2025Monthly oil production and gas for MERCURY 3H, May 2025 to Jul 2026. Oil output fell 70% since May 2025. Monthly average of 5,215 bbl in the latest 3 months, against 17,269 bbl in the first 3.bbl per monthmcf per month0010k20k20k40k30k60k40k80kJul 25OctJan 26AprJul
Oil output fell 70% since May 2025Monthly oil production and gas for MERCURY 3H, May 2025 to Jul 2026. Oil output fell 70% since May 2025. Monthly average of 5,215 bbl in the latest 3 months, against 17,269 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 3H 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 3H 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% · 645,384 mcf

  • Lease fuel (1)

    3.8% · 26,124 mcf

  • Flared (4)

    2.7% · 18,452 mcf

2.7% of the gas flared in the last 12 months. 4 months above 3%.

1 well on this lease

Wells on MERCURY 3H
API numberWell no.Status
42-383-417641406BHActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Medallion Operating Company, LLCOilGathers100Nov 24, 2024–
Conocophillips CompanyCasinghead gasBuys90May 1, 2025–
Energy Transfer CompanyCasinghead gasBuys10May 1, 2025–
Energy Transfer CompanyCasinghead gasGathers100May 1, 2025–
Energy Transfer CompanyCasinghead gasGathers50Nov 24, 2024May 1, 2025
Enterprise Products Operating LLCCasinghead gasGathers50Nov 24, 2024May 1, 2025
Energy Transfer CompanyCasinghead gasBuys50Nov 24, 2024May 1, 2025
Enterprise Products Operating LLCCasinghead gasBuys50Nov 24, 2024May 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 3H
API numberWell no.Acreson the permit
42-383-417641406BH1,300.20

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 3H
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20264,9714,94742,11938,1532,142$80.46$2.89
Jun 20265,0335,04443,28641,147255$84.81$3.15
May 20265,6405,66949,40747,034125$102.13$2.94
Apr 20265,7135,68951,76747,9911,061$100.32$2.77
Mar 20265,8445,86163,66959,8931,313$91.38$3.04
Feb 20266,9706,95455,49852,4151,231$64.51$3.62
Jan 20267,0087,01757,99254,842892$60.04$7.72
Dec 20257,9707,99162,01659,285544$57.97$4.26
Nov 20258,5738,55063,52756,8714,387$60.06$3.79
Oct 20259,6219,61463,31560,471800$60.89$3.19
Sep 202511,34111,34568,17061,8704,154$63.96$2.97
Aug 202514,85214,89969,19465,4121,548$64.86$2.91
Jul 202519,64219,59762,69060,600267$68.39$3.20
Jun 202527,22027,25142,41539,976926$68.17$3.02
May 20254,9454,8436,0235,654321$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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