MERLIN E
MERLIN E is a Texas gas lease in Howard County, Railroad Commission district 08, operated by SM Energy Company. It has 1 wellbore on file with the Commission. Reported production runs from September 2025 to August 2026, totalling 168,409 thousand cubic feet. 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 $283K, with roughly $202K 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 19,542 thousand cubic feet a month. Its strongest month on the record we hold was December 2025, at 25,768 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 18% 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 MERLIN E
- Who operates MERLIN E?
- MERLIN E is operated by SM Energy Company, Railroad Commission of Texas operator number 788997.
- Where is MERLIN E?
- MERLIN E is a Texas gas lease in Howard County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 300802.
- Is MERLIN E still producing?
- MERLIN E is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MERLIN E is August 2026.
- How much has MERLIN E produced?
- MERLIN E has reported 168,409 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between September 2025 and August 2026, from 1 wellbore.
- How much is MERLIN E worth?
- The remaining production from MERLIN E is estimated to be worth about $283K in total as of 26 August 2026, within a range of $232K to $334K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MERLIN E is a fraction of it. The estimate fits an Arps decline curve to the production MERLIN E has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MERLIN E is an estimate of value, not an offer and not an appraisal.
- How much income does MERLIN E generate in a year?
- MERLIN E is forecast to net about $202K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MERLIN E receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | SM Energy Company |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Howard County, Texas |
| RRC district | 08 |
| Lease number | 300802 |
| Wellbores | 1 |
| Reported production | 168,409 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $283K |
Where MERLIN E 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.