MERCHANT ESTATE WEST E 16-23

MERCHANT ESTATE WEST E 16-23 is a Texas oil lease in Reagan County, Railroad Commission district 7C, operated by De Central Operating, Llc. It has 1 wellbore on file with the Commission. Reported production runs from November 2025 to August 2026, totalling 59,419 barrels. The lease is intermittent. Fitting a decline curve to that history and pricing the remaining production at today's forward curve values a standard royalty share at about $698K, with roughly $129K expected over the next twelve months.

OperatorDe Central Operating, Llc
FieldSpraberry (Trend Area)
CountyReagan County, Texas
RRC district7C
Lease number23427
Wellbores1
Reported production59,419 bbl
First reportedNovember 2025
Last reportedAugust 2026
Estimated royalty value$698K

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.