MERCURY 4H
MERCURY 4H is a Texas oil lease in Reagan County, Railroad Commission district 7C, operated by Conocophillips Company. It has 1 wellbore on file with the Commission. Reported production runs from December 2024 to August 2026, totalling 100,449 barrels. The lease is intermittent. 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 $7.2M, with roughly $2.6M 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 8,025 barrels a month. Its strongest month on the record we hold was June 2025, at 24,626 barrels. In our own backtest, leases producing at this rate are forecast to within about 17% 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 MERCURY 4H
- Who operates MERCURY 4H?
- MERCURY 4H is operated by Conocophillips Company, Railroad Commission of Texas operator number 172232.
- Where is MERCURY 4H?
- MERCURY 4H is a Texas oil lease in Reagan County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 22981.
- Is MERCURY 4H still producing?
- MERCURY 4H is intermittent. The most recent month of production reported to the Railroad Commission of Texas for MERCURY 4H is August 2026.
- How much has MERCURY 4H produced?
- MERCURY 4H has reported 100,449 barrels of oil (bbl) to the Railroad Commission of Texas between December 2024 and August 2026, from 1 wellbore.
- How much is MERCURY 4H worth?
- The remaining production from MERCURY 4H is estimated to be worth about $7.2M in total as of 27 August 2026, within a range of $6.0M to $8.4M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MERCURY 4H is a fraction of it. The estimate fits an Arps decline curve to the production MERCURY 4H has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MERCURY 4H is an estimate of value, not an offer and not an appraisal.
- How much income does MERCURY 4H generate in a year?
- MERCURY 4H is forecast to net about $2.6M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in MERCURY 4H receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Conocophillips Company |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Reagan County, Texas |
| RRC district | 7C |
| Lease number | 22981 |
| Wellbores | 1 |
| Reported production | 100,449 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $7.2M |
Where MERCURY 4H 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.