MERCHANT, C. W.
MERCHANT, C. W. is a Texas oil lease in Reagan County, Railroad Commission district 7C, operated by Kirkpatrick Oil Company. It has 4 wellbores on file with the Commission. Reported production runs from November 1995 to August 2026, totalling 64,272 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 $134K, with roughly $26K 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 27 barrels a month, about 7 per wellbore. Its strongest month on the record we hold was February 2017, at 459 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, C. W.
- Who operates MERCHANT, C. W.?
- MERCHANT, C. W. is operated by Kirkpatrick Oil Company, Railroad Commission of Texas operator number 468890.
- Where is MERCHANT, C. W.?
- MERCHANT, C. W. is a Texas oil lease in Reagan County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 14021.
- Is MERCHANT, C. W. still producing?
- MERCHANT, C. W. is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MERCHANT, C. W. is August 2026.
- How much has MERCHANT, C. W. produced?
- MERCHANT, C. W. has reported 64,272 barrels of oil (bbl) to the Railroad Commission of Texas between November 1995 and August 2026, from 4 wellbores.
- How much is MERCHANT, C. W. worth?
- The remaining production from MERCHANT, C. W. is estimated to be worth about $134K in total as of 27 August 2026, within a range of $74K to $195K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MERCHANT, C. W. is a fraction of it. The estimate fits an Arps decline curve to the production MERCHANT, C. W. has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MERCHANT, C. W. is an estimate of value, not an offer and not an appraisal.
- How much income does MERCHANT, C. W. generate in a year?
- MERCHANT, C. W. is forecast to net about $26K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in MERCHANT, C. W. receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Kirkpatrick Oil Company |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Reagan County, Texas |
| RRC district | 7C |
| Lease number | 14021 |
| Wellbores | 4 |
| Reported production | 64,272 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $134K |
Where MERCHANT, C. W. 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.