MERCHANT ESTATE "A"
MERCHANT ESTATE "A" is a Texas oil lease in Liberty County, Railroad Commission district 03, operated by D J Production. It has 1 wellbore on file with the Commission. Reported production runs from March 2009 to August 2026, totalling 24,043 barrels. The lease is intermittent. Fitting a decline curve to that history and pricing the remaining production at today's forward curve values the whole lease — a 100% undivided interest — at about $385K, with roughly $74K expected over the next twelve months. An individual royalty owner receives their own decimal interest times that figure. Over the last twelve months on file it averaged 53 barrels a month. Its strongest month on the record we hold was February 2026, at 216 barrels. In our own backtest, leases producing at this rate are forecast to within about 45% of what they went on to produce, and that measured error is the range shown on the page rather than a confidence of our own devising.
Key facts about MERCHANT ESTATE "A"
- Who operates MERCHANT ESTATE "A"?
- MERCHANT ESTATE "A" is operated by D J Production, Railroad Commission of Texas operator number 196261.
- Where is MERCHANT ESTATE "A"?
- MERCHANT ESTATE "A" is a Texas oil lease in Liberty County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 25312.
- Is MERCHANT ESTATE "A" still producing?
- MERCHANT ESTATE "A" is intermittent. The most recent month of production reported to the Railroad Commission of Texas for MERCHANT ESTATE "A" is August 2026.
- How much has MERCHANT ESTATE "A" produced?
- MERCHANT ESTATE "A" has reported 24,043 barrels of oil (bbl) to the Railroad Commission of Texas between March 2009 and August 2026, from 1 wellbore.
- How much is MERCHANT ESTATE "A" worth?
- The remaining production from MERCHANT ESTATE "A" is estimated to be worth about $385K in total as of 27 August 2026, within a range of $212K to $559K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MERCHANT ESTATE "A" is a fraction of it. The estimate fits an Arps decline curve to the production MERCHANT ESTATE "A" has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MERCHANT ESTATE "A" is an estimate of value, not an offer and not an appraisal.
- How much income does MERCHANT ESTATE "A" generate in a year?
- MERCHANT ESTATE "A" is forecast to net about $74K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in MERCHANT ESTATE "A" receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | D J Production |
|---|---|
| Field | Hull |
| County | Liberty County, Texas |
| RRC district | 03 |
| Lease number | 25312 |
| Wellbores | 1 |
| Reported production | 24,043 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $385K |
Where MERCHANT ESTATE "A" sits
Source: Railroad Commission of Texas lease production records, complete through . Figures on this page were computed on .
Production figures are as reported to the Railroad Commission of Texas. The value shown is an estimate produced by fitting a decline curve to that reported history; it is not an offer or an appraisal. How this estimate is calculated.