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Royalty Clerk

Texas oil lease · RRC district 08 · Lease 51805

No report in 6+ months

MERLIN D

Merlin D is an oil lease in Howard County, Texas, operated by SM Energy Company in the Spraberry (Trend Area) field. The Railroad Commission shows 593 bbl of oil in the 12 months through Jan 2026.

Oil lease dossier · 1 well

593bbl oil, last 12 months−63% vs prior year
Operator
SM Energy Company
County
Howard County
Field
Spraberry (Trend Area)
RRC lease
08-51805

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Where it sits

This county

Howard CountyHowardMitchellMartinScurryDawsonBordenHoward County
Howard County · RRC district 08Open Howard County →
Gas, last 12 months
182,584 mcf
Oil in Jan 2026
0 bbl
Reporting to the state
since Jan 2020
Wells
1

Production

Month by month, from the state record

What the Railroad Commission says this oil lease produced. Oil is in barrels (bbl). Gas is in thousand cubic feet (mcf).

Oil output fell 63% over the last 12 months

593 bbl in the 12 months through Jan 2026, against 1,623 bbl in the 12 months before.

  • Oil (bars, left axis)
  • Gas (line, right axis)
  • Last 12 months
Oil output fell 63% over the last 12 monthsMonthly oil production and gas for MERLIN D, Feb 2023 to Jan 2026. Oil output fell 63% over the last 12 months. 593 bbl in the 12 months through Jan 2026, against 1,623 bbl in the 12 months before.Last 12 months: 593 bblbbl per monthmcf per month0010010k20020k30030k40040kApr 23JulOctJan 24AprJulOctJan 25AprJulOctJan 26
Oil output fell 63% over the last 12 monthsMonthly oil production and gas for MERLIN D, Feb 2023 to Jan 2026. Oil output fell 63% over the last 12 months. 593 bbl in the 12 months through Jan 2026, against 1,623 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month0010010k20020k30030k40040kJul 23Jan 24JulJan 25JulJan 26

SourceTexas Railroad Commission Production Data Query, oil lease 51805, district 08. Reported through Jul 2026. The state revises recent months.

Gas disposition

Where the gas went

Every month the operator tells the state where each mcf of gas went, using a code. The code decides how your gas is paid.

Over 99% of the gas went to a processing plant in the last 12 months

Each bar is one month. Colors are the disposition codes the operator reported.

  • Processing plant (3)
  • Lease fuel (1)
  • Flared (4)
Over 99% of the gas went to a processing plant in the last 12 monthsShare of MERLIN D gas by disposition code each month, Feb 2023 to Jan 2026. Over 99% of the gas went to a processing plant in the last 12 months. Share of the lease’s gas by disposition code, per month0%50%100%Apr 23JulOctJan 24AprJulOctJan 25AprJulOctJan 26
Over 99% of the gas went to a processing plant in the last 12 monthsShare of MERLIN D gas by disposition code each month, Feb 2023 to Jan 2026. Over 99% of the gas went to a processing plant in the last 12 months. Share of gas by disposition code0%50%100%Jul 23Jan 24JulJan 25JulJan 26

SourceTexas Railroad Commission Production Data Query, gas disposition by code, lease 51805, district 08. Reported through Jul 2026.

Processing plant (3)

Sent to a gas plant that pulls out natural gas liquids. Your statement should show plant products, and may show processing fees.

Lease fuel (1)

Burned to run equipment on the lease. Not sold, so it pays no royalty. A few percent is normal.

Flared (4)

Burned off or vented, not sold. It pays no royalty. More than 3% in a month is worth watching.

Over the last 12 months, 0.3% of the gas was flared. No month went above 3%.

Operator history

Who has run this lease

The operator runs the wells and pays your royalty. When the operator changes, payments often slip for a month or two.

SM Energy Company has reported this lease for the whole period

No change of operator in the months we hold.

Operators of this lease over timeSM Energy Company, Jan 2020 to Jan 20262020202120222023202420252026SM Energy CompanyJan 2020 to nowthrough Jan 2026
Operators of this lease over timeSM Energy Company, Jan 2020 to Jan 20262020202120222023202420252026SM Energy CompanyJan 2020 to nowthrough Jan 2026

SourceTexas Railroad Commission Production Data Query, operator by month. Reported through Jul 2026.

Wells

1 well on this lease

Every well the Railroad Commission links to oil lease 51805 in district 08. The API number is the state’s ID for a well.
Wells on MERLIN D
API numberWell no.Status
42-227-394352645WAActive

SourceTexas Railroad Commission Wellbore Query, district 08, lease 51805.

Who buys and gathers

Who moves and buys this lease's production

The operator files a Form P-4 with the Railroad Commission naming the companies authorised to gather and buy the oil and gas. The buyer's price is the one your royalty is figured on.

  • Oil

    Energy Transfer Company gathers it.

    100% of it, on the list since Feb 1, 2025

  • Gas from oil wells

    Enterprise Products Operating LLC buys and gathers it.

    Enterprise Products Operating LLC buys it: 100% of it, on the list since Feb 1, 2025 · Enterprise Products Operating LLC gathers it: 100% of it, on the list since Feb 1, 2025

Companies that used to be listed: Ent Navitas Mdstrm Mdlnd Bas LLC (gathers it, until Feb 1, 2025); Ent Navitas Mdstrm Mdlnd Bas LLC (buys it, until Feb 1, 2025); Nustar Permian Trans and Stg,llc (gathers it, until Feb 1, 2025); Navitas Mdstr Midland Basin, LLC (gathers it, until May 1, 2023); Navitas Mdstr Midland Basin, LLC (buys it, until May 1, 2023); Enlink Crude Purchasing LLC (gathers it, until May 1, 2023).

SourceRailroad Commission of Texas, Form P-4 file, dated Sep 24, 2026 (source). A listed company is authorised to move or buy the production; the state does not say what it paid.

Who buys my oil and gasIs my oil price fair?

Unit and wells

1,140.80 acres on the newest permit

Acres and wells as the operator filed them on its Railroad Commission drilling permits. Your decimal is your net acres over the unit acres, so this is the number to hold your division order against.
Wells on the permits
11 not plugged
Horizontal
1
First completion
Feb 15, 2019
Latest permit
Jan 10, 2018

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.

Wells and acres on the permits for Merlin D
API numberWell no.Acreson the permit
42-227-394352645WA1,140.80

SourceRailroad Commission of Texas, drilling permits and wellbore file, Sep 26, 2026 (source 1, source 2). The acres are what the operator filed; they are not a survey.

Check my decimal against the unit

What the operator reported

What SM Energy Company told investors it received

SM Energy Company is linked to SM Energy Company (SM). Public companies report the average price they realize each quarter. It is an average across everything the company operates, not the price on this lease.
Realized prices reported by SM Energy Company
QuarterOil$ per bblFiling
Q2 2026$96.85SEC filing
Q1 2026$73.69SEC filing
Q4 2025$58.17SEC filing
Q3 2025–SEC filing
Q2 2025$62.04SEC filing
Q1 2025$70.56SEC filing

SourceSM Energy Company quarterly reports on SEC EDGAR, prices before hedging where the company states both. Read by machine from each filing’s tables; the link opens the filing so you can check the figure.

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Estimator

Estimate your royalty for this lease

A rough check before you look at a statement: the state volumes times your decimal, priced at WTI and Henry Hub.

Estimator

What could your check be?

Your decimal interest is the small number on your division order that says what share of the whole lease (8/8ths) is yours. Type it in and we apply it to what the state says MERLIN D sold each month.

For example 0.00097656, or a fraction like 1/1024.

Dollars per barrel. Your statements show the gap your operator uses. Leave 0 to price oil at WTI.

Your estimate appears here

Enter your decimal to see an estimated royalty for each of the last 12 months this lease reported. Nothing you type leaves your browser.

An estimate, not your check

It ignores gathering and processing fees, taxes, plant products and the price your operator actually gets, so your statement will differ. Use it as a ceiling to compare against. Regional gas prices are often below Henry Hub.

Ledger

36 months, newest first

Compare these numbers with your statements. Your share of a month is the “Oil sold” volume times your decimal. Scroll sideways on a phone.
Monthly production, disposition and prices for MERLIN D
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3Flaredmcf, code 4WTI$ per bblHenry Hub$ per MMBtu
Jan 2026SM Energy00000$60.04$7.72
Dec 2025SM Energy00000$57.97$4.26
Nov 2025SM Energy00000$60.06$3.79
Oct 2025SM Energy00000$60.89$3.19
Sep 2025SM Energy09000$63.96$2.97
Aug 2025SM Energy797926,13026,1300$64.86$2.91
Jul 2025SM Energy777725,54525,5450$68.39$3.20
Jun 2025SM Energy777824,15624,1560$68.17$3.02
May 2025SM Energy777923,98923,9890$62.17$3.12
Apr 2025SM Energy858025,55725,348209$63.54$3.42
Mar 2025SM Energy969930,73030,073652$68.24$4.12
Feb 2025SM Energy10210326,47726,4770$71.53$4.19
Jan 2025SM Energy12812725,90425,9040$75.74$4.13
Dec 2024SM Energy12011926,51626,5160$70.12$3.01
Nov 2024SM Energy949323,77523,7750$69.95$2.12
Oct 2024SM Energy11111124,77324,7730$71.99$2.20
Sep 2024SM Energy11311123,69223,6920$70.24$2.28
Aug 2024SM Energy10110416,99016,9900$76.68$1.99
Jul 2024SM Energy15915825,70125,6950$81.80$2.07
Jun 2024SM Energy15815825,36925,3690$79.77$2.54
May 2024SM Energy14214225,86825,8680$80.02$2.12
Apr 2024SM Energy16016531,45431,4540$85.35$1.60
Mar 2024SM Energy16917234,42234,4220$81.28$1.49
Feb 2024SM Energy16816431,00031,0000$77.25$1.72
Jan 2024SM Energy19819631,66430,861803$74.15$3.18
Dec 2023SM Energy19720432,75232,7520$71.90$2.52
Nov 2023SM Energy18217926,61626,6160$77.69$2.71
Oct 2023SM Energy22422235,66435,6640$85.64$2.98
Sep 2023SM Energy18318533,37633,257119$89.43$2.64
Aug 2023SM Energy19719332,77332,7730$81.39$2.58
Jul 2023SM Energy20721032,35132,3510$76.07$2.55
Jun 2023SM Energy22021831,79131,7910$70.25$2.18
May 2023SM Energy23823934,62734,6270$71.58$2.15
Apr 2023SM Energy23023134,60634,6060$79.45$2.16
Mar 2023SM Energy29429737,20337,2030$73.28$2.31
Feb 2023SM Energy30429833,88133,8810$76.83$2.38

No report filed More than 3% of gas flared

SourceVolumes: Texas Railroad Commission Production Data Query, reported through Jul 2026. Prices: EIA WTI Cushing spot and Henry Hub spot, monthly, through Aug 2026. “Gas sold” is gas sent to a transmission line (code 2) or a plant (code 3).

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Around this lease

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Everything on this page connects to the operator, field and county records. Start from any of them.

This lease belongs to

OperatorSM Energy CompanyFieldSpraberry (Trend Area)CountyHoward County

SM Energy Company in Howard County

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Spraberry (Trend Area) field

All leases in this field →

Leases within 10 km

Found by the location of their wells.

  • MERLIN E

    510 bbl last 12 months · 0 km away

  • MERLIN C

    10,984 bbl last 12 months · 0 km away

  • MERLIN B

    9,523 bbl last 12 months · 0 km away

  • TALBOT 26

    131 bbl last 12 months · 0.3 km away

  • KNOTTS -B-

    0 bbl last 12 months · 0.3 km away

Drilling permits within 10 km

How to read this page

Questions owners ask

What is a decimal interest?

It is your share of the whole lease, written as a decimal. A 1/4 royalty on 5 net acres in a 1,280-acre unit is 1/4 × 5 ÷ 1,280 = 0.00097656. Your division order states yours.

How do I use this page to check a royalty check?

Take the “Oil sold” volume for the month the check covers and multiply it by your decimal. The answer should match the barrels on your statement. If it does not, upload the statement and we will show where the two differ.

Why is the newest month Jan 2026?

The Railroad Commission publishes production two to three months after the fact and revises recent months. We re-pull the latest three months on every update.

Does this page show what my check should be?

No. It shows what the state recorded. Prices, fees and taxes depend on your lease and on what your operator gets for the oil and gas. The estimator gives a ceiling to compare against.

Sources and method

Where these numbers come from

  • Production and disposition by month: Texas Railroad Commission Production Data Query, oil lease 51805, district 08, reported through Jul 2026.
  • Wells: Texas Railroad Commission Wellbore Query.
  • Prices: U.S. Energy Information Administration, WTI Cushing spot and Henry Hub spot, monthly.
  • Page updated Sep 28, 2026.

We show the state’s numbers as filed. Where the state has no report for a month, we say so instead of guessing.

FAQ

Questions about MERLIN D

Who operates the MERLIN D lease?

The Railroad Commission lists SM Energy Company (operator number 788997) as the operator of this lease in Howard County, Texas. The operator history on this page shows earlier operators and when the record changed.

How much has the MERLIN D lease produced?

The lease reported 593 bbl of oil and 182,584 mcf of gas in the last 12 months through Jan 2026. Monthly figures for 36 months are in the ledger on this page, taken from the Railroad Commission's production data.

Does this page show who owns the royalty?

No. Railroad Commission records show who operates a lease and what it reported, not who owns the minerals or receives royalty. Your division order and royalty stub name the lease and your decimal interest.

How do I check my royalty stub against this lease?

Multiply the lease's volume for a month by your decimal interest and compare it with the barrels and mcf on your stub for the same month. The two are seldom identical, since sales and reporting months can differ, but a large gap is worth a question to the operator.

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