MERCHANT UNIT
MERCHANT UNIT is a Texas oil lease in Reagan County, Railroad Commission district 7C, operated by Parker & Parsley Development Co. It has 200 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 6,362,619 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 $788K, with roughly $426K 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 835 barrels a month, about 4 per wellbore. Its strongest month on the record we hold was December 2016, at 14,116 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 MERCHANT UNIT
- Who operates MERCHANT UNIT?
- MERCHANT UNIT is operated by Parker & Parsley Development Co., Railroad Commission of Texas operator number 640889.
- Where is MERCHANT UNIT?
- MERCHANT UNIT is a Texas oil lease in Reagan County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 04426.
- Is MERCHANT UNIT still producing?
- MERCHANT UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MERCHANT UNIT is August 2026.
- How much has MERCHANT UNIT produced?
- MERCHANT UNIT has reported 6,362,619 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 200 wellbores.
- How much is MERCHANT UNIT worth?
- The remaining production from MERCHANT UNIT is estimated to be worth about $788K in total as of 27 August 2026, within a range of $615K to $962K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MERCHANT UNIT is a fraction of it. The estimate fits an Arps decline curve to the production MERCHANT UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MERCHANT UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does MERCHANT UNIT generate in a year?
- MERCHANT UNIT is forecast to net about $426K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in MERCHANT UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Parker & Parsley Development Co. |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Reagan County, Texas |
| RRC district | 7C |
| Lease number | 04426 |
| Wellbores | 200 |
| Reported production | 6,362,619 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $788K |
Where MERCHANT UNIT 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.