MERTEN
MERTEN is a Texas oil lease in Gray County, Railroad Commission district 10, operated by Oilwell Operators, Inc. It has 7 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 30,401 barrels. The lease is currently producing. 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 $254K, with roughly $46K 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 40 barrels a month, about 6 per wellbore. Its strongest month on the record we hold was March 2025, at 226 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 MERTEN
- Who operates MERTEN?
- MERTEN is operated by Oilwell Operators, Inc., Railroad Commission of Texas operator number 621040.
- Where is MERTEN?
- MERTEN is a Texas oil lease in Gray County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 00265.
- Is MERTEN still producing?
- MERTEN is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MERTEN is August 2026.
- How much has MERTEN produced?
- MERTEN has reported 30,401 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 7 wellbores.
- How much is MERTEN worth?
- The remaining production from MERTEN is estimated to be worth about $254K in total as of 26 August 2026, within a range of $139K to $368K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MERTEN is a fraction of it. The estimate fits an Arps decline curve to the production MERTEN has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MERTEN is an estimate of value, not an offer and not an appraisal.
- How much income does MERTEN generate in a year?
- MERTEN is forecast to net about $46K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MERTEN receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Oilwell Operators, Inc. |
|---|---|
| Field | Panhandle Gray County Field |
| County | Gray County, Texas |
| RRC district | 10 |
| Lease number | 00265 |
| Wellbores | 7 |
| Reported production | 30,401 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $254K |
Where MERTEN 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.