EAST MERCHANT
EAST MERCHANT is a Texas oil lease in Reagan County, Railroad Commission district 7C, operated by Oxy USA WTP LP. It has 1 wellbore on file with the Commission. Reported production runs from November 2014 to August 2026, totalling 290,996 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 $1.8M, with roughly $536K 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 726 barrels a month. Its strongest month on the record we hold was June 2016, at 4,820 barrels. In our own backtest, leases producing at this rate are forecast to within about 22% 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 EAST MERCHANT
- Who operates EAST MERCHANT?
- EAST MERCHANT is operated by Oxy USA WTP LP, Railroad Commission of Texas operator number 630555.
- Where is EAST MERCHANT?
- EAST MERCHANT is a Texas oil lease in Reagan County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 18843.
- Is EAST MERCHANT still producing?
- EAST MERCHANT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for EAST MERCHANT is August 2026.
- How much has EAST MERCHANT produced?
- EAST MERCHANT has reported 290,996 barrels of oil (bbl) to the Railroad Commission of Texas between November 2014 and August 2026, from 1 wellbore.
- How much is EAST MERCHANT worth?
- The remaining production from EAST MERCHANT is estimated to be worth about $1.8M in total as of 27 August 2026, within a range of $1.4M to $2.2M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in EAST MERCHANT is a fraction of it. The estimate fits an Arps decline curve to the production EAST MERCHANT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for EAST MERCHANT is an estimate of value, not an offer and not an appraisal.
- How much income does EAST MERCHANT generate in a year?
- EAST MERCHANT is forecast to net about $536K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in EAST MERCHANT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Oxy USA WTP LP |
|---|---|
| Field | Spraberry (Trend Area) R 40 Exc |
| County | Reagan County, Texas |
| RRC district | 7C |
| Lease number | 18843 |
| Wellbores | 1 |
| Reported production | 290,996 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.8M |
Where EAST MERCHANT 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.