MERTEL
MERTEL is a Texas gas lease in Wheeler County, Railroad Commission district 10, operated by Explorer Oil & Gas, Inc. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 31,147 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 $11K, with roughly $1K 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 54 thousand cubic feet a month. Its strongest month on the record we hold was September 2019, at 137 thousand cubic feet. 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 MERTEL
- Who operates MERTEL?
- MERTEL is operated by Explorer Oil & Gas, Inc., Railroad Commission of Texas operator number 257081.
- Where is MERTEL?
- MERTEL is a Texas gas lease in Wheeler County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 114564.
- Is MERTEL still producing?
- MERTEL is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MERTEL is August 2026.
- How much has MERTEL produced?
- MERTEL has reported 31,147 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is MERTEL worth?
- The remaining production from MERTEL is estimated to be worth about $11K in total as of 26 August 2026, within a range of $6K to $15K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MERTEL is a fraction of it. The estimate fits an Arps decline curve to the production MERTEL has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MERTEL is an estimate of value, not an offer and not an appraisal.
- How much income does MERTEL generate in a year?
- MERTEL is forecast to net about $1K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MERTEL receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Explorer Oil & Gas, Inc. |
|---|---|
| Field | Panhandle, East |
| County | Wheeler County, Texas |
| RRC district | 10 |
| Lease number | 114564 |
| Wellbores | 1 |
| Reported production | 31,147 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $11K |
Where MERTEL 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.