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Royalty Clerk

Texas oil lease

Producing

MERCURY 4H

Mercury 4H is an oil lease in Reagan County, Texas, operated by Conocophillips Company in the Spraberry (Trend Area) field.

1 well

67,037bbl oil, last 12 months
Operator
Conocophillips Company
County
Reagan County
Field
Spraberry (Trend Area)
RRC lease
7C-22981

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Where it sits

This county

Reagan CountyReaganIrionSterlingUptonMidlandGlasscockReagan County
Reagan County
Gas, last 12 months
646,525 mcf
Oil in Jul 2026
3,337 bbl

Production by month

Oil output fell 78% since Jun 2025

  • Oil (bars)
  • Gas (line)
Oil output fell 78% since Jun 2025Monthly oil production and gas for MERCURY 4H, Jun 2025 to Jul 2026. Oil output fell 78% since Jun 2025. Monthly average of 3,636 bbl in the latest 3 months, against 16,844 bbl in the first 3.bbl per monthmcf per month005,00020k10k40k15k60k20k80k25k100kJul 25OctJan 26AprJul
Oil output fell 78% since Jun 2025Monthly oil production and gas for MERCURY 4H, Jun 2025 to Jul 2026. Oil output fell 78% since Jun 2025. Monthly average of 3,636 bbl in the latest 3 months, against 16,844 bbl in the first 3.bbl per monthmcf per month005,00020k10k40k15k60k20k80k25k100kJul 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 4H gas by disposition code each month, Jun 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 4H gas by disposition code each month, Jun 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% · 604,594 mcf

  • Lease fuel (1)

    3.7% · 24,210 mcf

  • Flared (4)

    2.7% · 17,721 mcf

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

1 well on this lease

Wells on MERCURY 4H
API numberWell no.Status
42-383-417491408BHActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Medallion Operating Company, LLCOilGathers100Dec 16, 2024–
Energy Transfer CompanyCasinghead gasBuys80May 1, 2025–
Enterprise Products Operating LLCCasinghead gasBuys20May 1, 2025–
Energy Transfer CompanyCasinghead gasGathers80May 1, 2025–
Enterprise Products Operating LLCCasinghead gasGathers20May 1, 2025–
Energy Transfer CompanyCasinghead gasGathers100Dec 16, 2024May 1, 2025
Etc South Permian Midstream LLCCasinghead gasBuys100Dec 16, 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

An allocation well is on this lease

Permits for Mercury 4H
API numberWell no.Acreson the permit
42-383-417491408BH1,300.20

SourceRailroad Commission drilling permits, Sep 26, 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

14 months, newest first

Ledger for MERCURY 4H
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20263,3373,32246,98942,5642,390$80.46$2.89
Jun 20263,4203,43042,85340,735252$84.81$3.15
May 20264,1524,17441,58439,587105$102.13$2.94
Apr 20264,2644,24435,29632,722723$100.32$2.77
Mar 20264,0594,06952,79449,6631,089$91.38$3.04
Feb 20264,7594,74553,24850,2901,181$64.51$3.62
Jan 20264,4134,42650,79848,039781$60.04$7.72
Dec 20255,8685,88362,27759,535546$57.97$4.26
Nov 20256,1916,17861,52755,0814,249$60.06$3.79
Oct 20257,5107,50466,74463,746843$60.89$3.19
Sep 20258,7008,69867,43061,1984,109$63.96$2.97
Aug 202510,36410,40764,98561,4341,453$64.86$2.91
Jul 202515,54315,51668,54666,261292$68.39$3.20
Jun 202524,62624,56243,82941,309957$68.17$3.02

Flared above 3%

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

OperatorConocophillips CompanyFieldSpraberry (Trend Area)CountyReagan County

Conocophillips Company in Reagan County

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Spraberry (Trend Area) field

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