MERCHANT, IRA C.

Operated by BURK ROYALTY CO., LTD. (P-5 108799) in the PANHANDLE HUTCHINSON COUNTY FLD. field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 1201District 10Field 68887001NGPA filingOilCasinghead gasSaveExport
Value, all time
$3.1 M
Jan 1993 – May 2026
Value, last 12 filed months
$7 k
at the published price for each month
Months reported
401
no gaps in the span
Streams
2
oil, casinghead gas

The Railroad Commission's own record for the field this lease produces from, including the spacing rule that governs how close together its wells may be drilled.

These are facts about the field, not about this lease. The field holds 918 leases and 8,177 wells, and the rule below applies to all of them.

Discovered
1921-12-31
as the register files it
Field class
Oil
the register's own label
Between wells
467 ft
minimum
From a lease line
330 ft
minimum

A drilling unit in this field needs at least 20 acres. The field rule took effect on 1989-05-01.

The Commission's schedule remark for this field reads: SPECIAL TESTING REQUIREMENTS FOR WELLS WITH GOR GREATER THAN 5000.

Severance-tax incentive filings

Applications the operator filed to have this lease's gas taxed at a reduced state rate. A filing is an application, and this page never calls one a reduction that was granted.

ProgrammeFilingsWith an approval dateDatedDocket
NGPA13none

This says nothing about a royalty. A severance tax is charged to the operator. Whether a reduced rate reaches a royalty owner depends on the wording of the lease instrument, which is a private contract this site does not hold.

What this lease produced, and what it was worth

Oil and condensate are valued on the volume the state records as disposed of; gas and casinghead gas on the volume produced. They are different columns of different files, and the difference is not cosmetic.

StreamBasisVolumeValue
OilDisposition33,770 bbl$1,183,865
Casinghead gasProduction480,741 Mcf$1,873,344
Total$3,057,209

112,152 Mcf of this lease's gas, across 48 months, carries no value here. No free Texas wellhead gas price exists before 1997, so those months are left out of the total rather than valued at zero. The total above is therefore a floor, not an estimate.

Wells on this lease (15)

Every wellbore the Railroad Commission records against this lease key, with the depth, the last completion and the plug date exactly as filed. A well with no plug date is not stated to be producing — the state files no such flag.

These wells centre on 35.7348, -101.4990. A lease has no coordinate of its own — that point is the mean of its wells, and they span 1.6 miles.

35.73360, -101.49882 · centre of the wells drawn, derived

What these wells add up to

Every figure below is counted over all of this lease's wells, not over the rows listed above. The Railroad Commission files two facts about a well's state — a plug date and a proration-schedule flag — and a well can carry both, so they are published as separate counts and never merged into a status.

On the schedule
40.0%
6 of 15 wells
With a plug date
40.0%
6 of 15 wells
Median depth
3,100 ft
15 wells filed one
Completion to plug
27.1 years
median over 4 wells

What the state filed about each well

On the RRC proration schedule
640.0%
A plug date is filed
640.0%
BothOn the schedule and plugged. Neither fact cancels the other.
640.0%
NeitherNo plug date, and not on the schedule.
960.0%

A plug date is the date the Commission recorded the wellbore as sealed with cement and abandoned. It is the only end-of-life fact Texas files. There is no "active" flag on a well, so this page does not print one — a well with no plug date is not stated to be producing.

How deep they were drilled

Total depth in feet, 15 of 15 wells. Median 3,100 ft, with the middle half between 3,050 and 3,211 ft; the shallowest is 2,760 ft and the deepest 4,032 ft. The median is published rather than the mean, because a single mis-keyed depth moves a mean and cannot move a median.

When they were last completed

Last completion by decade, 13 of 15 wells, Sep 1966 – Mar 1994. This is the LAST completion filed on each wellbore, not the first — a well recompleted in 2019 counts once, in the 2010s.

Completions filed
Sep 1966 – Mar 1994
13 of 15 wells; 2 filed none
Plug dates filed
Apr 1986 – Sep 2009
6 of 15 wells; 9 filed none

Last completion to plug: a median of 27.1 years across the 4 wells that filed both dates, with the middle half between 20.9 years and 28.6 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

15 wells

42-2338327722,760 ftApr 1986Yes
42-2338327852,824 ftApr 1986Yes
42-2333069883,050 ftMar 1994
42-23331850173,204 ftMay 1984
42-23331851163,217 ftMay 1984
42-23331034154,030 ftAug 1983
42-2333063573,100 ftFeb 1982
42-23331031124,032 ftSep 1981
42-23331033143,205 ftAug 1981Sep 2009Yes
42-23331032133,225 ftAug 1981
42-23330812113,069 ftMay 1981
42-2333058763,100 ftAug 1980Apr 1986Yes
42-23330811103,050 ftApr 1980
42-2333069993,050 ftJul 1979Sep 2009Yes
42-233118991W2,845 ftSep 1966Sep 1992Yes

The API number is the state's, prefixed 42 for Texas. A well is matched to this lease by the lease key the Commission files on the wellbore record, so a well that has moved between leases appears under each one it was filed against.

Every month this lease reported (401)

Volume × price = value, one row per cycle. The price columns are the same series published on the prices page — nothing here is modelled.

401 months

May 202600106.413.05$0
Apr 20260098.932.87$0
Mar 20260089.753.15$0
Feb 20260063.503.75$0
Jan 20260059.138.00$0
Dec 20250056.664.41$0
Nov 20250058.593.93$0
Oct 20250059.383.30$0
Sep 20250062.743.08$0
Aug 20250063.933.01$0
Jul 2025104066.743.32$6,941
Jun 20250066.483.13$0
May 20250060.553.23$0
Apr 20250062.363.54$0
Mar 20250067.704.27$0
Feb 20250070.884.34$0
Jan 20250074.324.28$0
Dec 20240068.993.12$0
Nov 20240069.052.20$0
Oct 20240071.372.28$0
Sep 20240069.612.36$0
Aug 20240075.632.06$0
Jul 20240079.932.15$0
Jun 20240078.082.63$0
May 20240078.812.20$0
Apr 20240084.451.66$0
Mar 20240080.301.55$0
Feb 20240076.091.78$0
Jan 20240073.023.30$0
Dec 20230071.262.61$0
Nov 20230077.892.81$0
Oct 20230085.443.09$0
Sep 20230089.042.74$0
Aug 20230080.522.67$0
Jul 20230074.852.64$0
Jun 20230068.962.26$0
May 20230070.622.23$0
Apr 20230078.122.24$0
Mar 20230072.852.39$0
Feb 20230075.112.47$0
Jan 20230076.533.39$0
Dec 20220076.415.73$0
Nov 20220085.005.65$0
Oct 20220087.185.86$0
Sep 20220084.888.16$0
Aug 20220094.529.13$0
Jul 202200101.587.54$0
Jun 202200115.097.98$0
May 202200109.378.43$0
Apr 202200104.226.84$0
Mar 202200108.885.08$0
Feb 20220091.054.86$0
Jan 20220081.844.54$0
Dec 20210071.323.90$0
Nov 20210077.435.24$0
Oct 20210079.795.71$0
Sep 20210069.865.35$0
Aug 20210066.024.22$0
Jul 20210070.783.98$0
Jun 20210069.493.38$0
May 20210063.483.02$0
Apr 20210060.362.76$0
Mar 20210061.302.72$0
Feb 20210057.805.55$0
Jan 20210050.412.81$0
Dec 20200044.642.68$0
Nov 20200038.772.71$0
Oct 20200036.972.48$0
Sep 20200037.091.99$0
Aug 20200039.982.39$0
Jul 20200038.371.83$0
Jun 20200034.901.69$0
May 20200016.921.81$0
Apr 20200014.751.80$0
Mar 20200030.341.86$0
Feb 20200049.881.98$0
Jan 20200057.252.09$0
Dec 20190059.012.30$0
Nov 20190055.302.75$0
Oct 20190053.472.42$0
Sep 20190055.052.66$0
Aug 20190053.112.30$0
Jul 20190056.272.46$0
Jun 20190052.782.49$0
May 20190058.482.74$0
Apr 20190062.632.75$0
Mar 20190056.803.06$0
Feb 20190050.852.79$0
Jan 20191046.033.23$46
Dec 20180046.594.19$0
Nov 2018343152.934.24$1,985
Oct 2018261461.443.40$2,209
Sep 20182265459.543.11$3,343
Aug 20180059.403.07$0
Jul 201817817365.142.93$12,102
Jun 2018031260.183.08$960
May 201810930565.382.90$8,011
Apr 20180063.842.90$0
Mar 2018030061.222.79$836
Feb 2018051361.782.77$1,419
Jan 2018019462.874.01$778
Dec 2017058657.272.92$1,712
Nov 2017058355.423.12$1,818
Oct 2017056549.292.98$1,686
Sep 2017056247.523.09$1,735
Aug 2017062145.373.00$1,866
Jul 2017066943.873.09$2,065
Jun 201716665042.493.09$9,060
May 2017042045.373.26$1,371
Apr 2017071247.933.21$2,287
Mar 2017075046.772.98$2,238
Feb 2017073150.452.95$2,158
Jan 2017087049.413.42$2,974
Dec 2016052648.763.72$1,958
Nov 2016051542.492.64$1,362
Oct 2016040046.193.09$1,236
Sep 201617641141.553.10$8,587
Aug 2016050041.442.92$1,462
Jul 2016045241.622.92$1,322
Jun 2016043545.352.69$1,168
May 201603542.521.99$70
Apr 2016020336.561.99$404
Mar 201615241233.011.79$5,757
Feb 2016042326.472.06$873
Jan 2016048027.352.36$1,135
Dec 2015051632.362.00$1,033
Nov 2015043138.792.17$934
Oct 2015052243.552.43$1,267
Sep 201517051742.992.76$8,734
Aug 2015051340.162.87$1,474
Jul 2015046448.152.95$1,367
Jun 201519348156.152.88$12,224
May 2015060055.212.96$1,773
Apr 2015037849.822.71$1,023
Mar 2015049142.892.93$1,441
Feb 2015156044.662.98$6,967
Jan 2015028143.433.10$871
Dec 2014092154.693.59$3,308
Nov 201401,01470.464.25$4,311
Oct 2014073278.303.90$2,856
Sep 201418080386.164.05$18,757
Aug 2014073689.394.04$2,970
Jul 2014055296.564.18$2,307
Jun 2014056198.164.74$2,657
May 201416842894.734.73$17,938
Apr 2014043595.944.81$2,092
Mar 201415565895.895.06$18,190
Feb 2014066597.406.19$4,118
Jan 2014078290.404.86$3,801
Dec 2013083391.824.35$3,627
Nov 2013071088.853.74$2,654
Oct 201318181897.423.78$20,725
Sep 20130811104.113.72$3,015
Aug 20130927104.253.52$3,265
Jul 2013177900102.523.72$21,492
Jun 2013092894.403.93$3,650
May 2013090594.834.15$3,755
Apr 2013083793.964.28$3,585
Mar 201301,00593.623.91$3,932
Feb 2013083591.233.42$2,856
Jan 20131481,02991.603.42$17,076
Dec 2012081986.773.42$2,801
Nov 201201,11186.953.62$4,027
Oct 201201,13889.383.40$3,869
Sep 20121751,07494.672.92$19,702
Aug 201201,19492.662.91$3,472
Jul 201201,20785.133.02$3,646
Jun 20121681,19879.822.52$16,428
May 2012088491.612.49$2,200
Apr 201201,089101.652.00$2,175
Mar 201201,069105.052.22$2,375
Feb 2012160896101.102.57$18,479
Jan 2012088798.092.73$2,425
Dec 201101,12096.873.24$3,629
Nov 201101,25095.723.31$4,139
Oct 20111801,23484.983.65$19,799
Sep 201101,28883.623.99$5,134
Aug 201101,42283.404.15$5,900
Jul 201101,52294.144.52$6,875
Jun 201117494592.904.64$20,549
May 2011083298.134.40$3,665
Apr 201100105.964.33$0
Mar 2011163096.364.06$15,707
Feb 20110085.644.18$0
Jan 201116468886.504.59$17,343
Dec 201001,17985.734.35$5,126
Nov 201001,10280.843.80$4,182
Oct 201001,18178.103.51$4,144
Sep 20101771,15472.633.98$17,448
Aug 201001,03273.684.42$4,561
Jul 2010062972.554.74$2,979
Jun 20101751,53970.364.91$19,870
May 201001,98571.124.24$8,407
Apr 20101701,94881.694.12$21,918
Mar 201001,78078.394.39$7,812
Feb 20101751,54873.585.44$21,301
Jan 201001,56374.365.96$9,322
Dec 20091631,64071.445.48$20,638
Nov 200901,82474.593.75$6,843
Oct 20091741,92272.544.11$20,522
Sep 200901,85565.543.06$5,685
Aug 20091762,06067.423.22$18,496
Jul 200901,26961.133.46$4,396
Jun 20091731,69266.163.90$18,036
May 200901,68254.743.93$6,603
Apr 20091741,66746.773.59$14,118
Mar 20091831,92042.144.06$15,505
Feb 20091701,44732.814.63$12,282
Jan 200901,72535.865.37$9,265
Dec 200801,92937.105.98$11,530
Nov 20081752,26455.496.86$25,243
Oct 200802,31175.246.92$15,997
Sep 20081742,438101.767.88$36,911
Aug 200802,364114.228.48$20,054
Jul 20081802,625131.0811.39$53,492
Jun 200802,501131.3313.03$32,595
May 20081762,614123.1711.57$51,933
Apr 200802,025110.3110.45$21,171
Mar 20081771,309101.909.66$30,687
Feb 200801,99392.538.77$17,480
Jan 20081622,18690.388.21$32,579
Dec 20071701,86088.337.30$28,598
Nov 200701,89691.677.29$13,825
Oct 20071762,15782.856.92$29,512
Sep 200702,13275.846.24$13,313
Aug 200702,14369.066.39$13,689
Jul 20071782,13670.906.39$26,265
Jun 200702,34362.007.55$17,686
May 20073472,62058.747.85$40,940
Apr 200701,17259.617.81$9,148
Mar 20071662,37156.927.30$26,762
Feb 200701,62355.108.22$13,335
Jan 200701,77950.306.73$11,967
Dec 2006084956.656.92$5,874
Nov 20061742,00054.207.62$24,666
Oct 200602,38054.906.01$14,313
Sep 200602,40460.085.04$12,109
Aug 200602,52168.717.34$18,504
Jul 20061792,62269.376.34$29,048
Jun 200602,32666.286.38$14,849
May 20061772,31666.016.42$26,564
Apr 200602,13464.397.36$15,707
Mar 20061652,46656.707.08$26,822
Feb 20061561,60957.597.75$21,456
Jan 200601,94760.598.93$17,393
Dec 200502,02854.9413.42$27,206
Nov 20051692,28554.6910.59$33,437
Oct 200502,31758.3413.80$31,965
Sep 200517982261.4512.08$20,928
Aug 200502,60761.519.80$25,540
Jul 20051812,84755.697.84$32,411
Jun 20051782,51352.337.38$27,863
May 200502,83445.226.65$18,849
Apr 20051662,27949.207.36$24,942
Mar 20051642,45550.377.15$25,826
Feb 20053142,26445.226.31$28,489
Jan 200502,42443.166.32$15,325
Dec 20041682,40939.866.75$22,960
Nov 200402,30145.286.33$14,566
Oct 20041773,79849.706.52$33,541
Sep 20041753,15643.245.28$24,243
Aug 200403,14842.375.55$17,473
Jul 20041751,76338.286.08$17,425
Jun 20041701,10736.106.43$13,258
May 20041662,28537.486.49$21,062
Apr 200402,21834.475.86$12,994
Mar 20041632,36934.365.53$18,702
Feb 20041601,21032.455.51$11,859
Jan 200401,71732.036.30$10,816
Dec 20033192,10430.266.30$22,912
Nov 200302,29928.804.60$10,564
Oct 200302,57628.174.76$12,261
Sep 20031772,42526.314.75$16,174
Aug 200302,67429.765.13$13,717
Jul 20031693,12529.415.17$21,129
Jun 200302,32728.565.98$13,922
May 20031712,55826.595.97$19,825
Apr 20031611,86026.675.41$14,351
Mar 20033341,33531.146.10$18,539
Feb 20031691,70533.487.93$19,172
Jan 200301,00530.315.58$5,610
Dec 20021671,93926.914.85$13,905
Nov 200202,07224.664.14$8,572
Oct 200201,98126.464.23$8,378
Sep 20021732,53927.443.64$13,977
Aug 20021742,55625.963.16$12,605
Jul 200201,76924.583.06$5,416
Jun 20023412,84723.733.34$17,596
May 200201,96824.663.58$7,053
Apr 20021801123.653.51$4,296
Mar 20021801,01822.003.10$7,119
Feb 200201,13418.222.38$2,694
Jan 20022991,70917.172.38$9,194
Dec 2001011516.932.36$272
Nov 200104518.072.41$108
Oct 20011697019.782.53$3,520
Sep 20011644224.262.25$4,073
Aug 20010024.873.05$0
Jul 20010023.933.20$0
Jun 2001029524.563.82$1,128
May 20013271,56125.524.31$15,069
Apr 200101,16524.685.34$6,216
Mar 20013131,80224.545.38$17,369
Feb 200101,25727.755.77$7,249
Jan 200101,18727.478.40$9,969
Dec 2000096926.889.12$8,840
Nov 20001711,20832.215.66$12,343
Oct 200001,44031.235.15$7,410
Sep 20001792,03431.875.19$16,254
Aug 20001572,24829.644.54$14,861
Jul 20001692,32628.534.09$14,334
Jun 200002,25429.304.40$9,911
May 20001733,44327.263.68$17,385
Apr 20001721,72724.513.12$9,597
Mar 20003361,73228.422.86$14,502
Feb 20001641,38827.622.73$8,314
Jan 2000027825.272.48$690
Dec 199916091424.282.42$6,100
Nov 199917546423.192.43$5,188
Oct 19991731,99720.982.80$9,229
Sep 19991771,67321.752.62$8,231
Aug 199901,33819.262.88$3,848
Jul 19991621,41717.892.37$6,260
Jun 19991751,99015.942.36$7,490
May 199916836615.792.32$3,502
Apr 19993341,26615.102.21$7,839
Mar 19993311,83812.471.84$7,506
Feb 19991611,1519.981.82$3,699
Jan 19993291,12510.381.90$5,552
Dec 199809249.201.77$1,639
Nov 199801,98510.892.19$4,339
Oct 19981762,82512.421.97$7,749
Sep 199801,52112.592.08$3,168
Aug 199817263311.301.91$3,151
Jul 19981632,49211.742.24$7,489
Jun 1998096911.242.24$2,168
May 199816597112.622.21$4,225
Apr 199817553513.042.51$3,622
Mar 199816285612.802.31$4,050
Feb 19982741,31313.952.30$6,841
Jan 199801,16314.702.15$2,506
Dec 19971701,63316.322.41$6,712
Nov 19971613,04218.193.09$12,323
Oct 19971751,14519.253.15$6,975
Sep 19973493,04717.742.95$15,195
Aug 199703,48517.862.55$8,903
Jul 19973282,22017.582.25$10,754
Jun 19971863,45817.242.26$11,012
May 19971671,47318.972.31$6,568
Apr 19971524,36417.882.08$11,807
Mar 19971761,76918.951.94$6,766
Feb 199717398420.492.21$5,715
Jan 19971732,36423.483.54$12,430
Dec 19963452,24023.32$8,045
Nov 19963463,16521.97$7,602
Oct 19963393,59923.31$7,902
Sep 19963413,42122.22$7,577
Aug 19963483,63320.26$7,050
Jul 19961702,70719.55$3,324
Jun 19961732,47318.73$3,240
May 19965163,90119.43$10,026
Apr 19961693,28221.51$3,635
Mar 199616646519.38$3,217
Feb 199616617316.98$2,819
Jan 199616911717.07$2,885
Dec 199517574317.19$3,008
Nov 19953381,41216.00$5,408
Oct 19951653,16515.43$2,546
Sep 199517529616.18$2,832
Aug 19953482,08715.92$5,540
Jul 19953452,22315.24$5,258
Jun 19953481,88916.41$5,711
May 19951742,77617.56$3,055
Apr 19953513,78417.73$6,223
Mar 19953593,41916.44$5,902
Feb 19955262,40316.58$8,721
Jan 19951733,48815.92$2,754
Dec 19943514,43715.03$5,276
Nov 19945304,69215.90$8,427
Oct 19945283,87815.58$8,226
Sep 19943563,51515.29$5,443
Aug 19945343,47216.13$8,613
Jul 19943543,84617.56$6,216
Jun 199403,55717.09$0
May 19943423,58015.88$5,431
Apr 19945264,77514.14$7,438
Mar 199405,48912.46$0
Feb 19941643,25312.50$2,050
Jan 19941661,58612.66$2,102
Dec 1993163112.33$2,010
Nov 19930114.49$0
Oct 1993050815.85$0
Sep 1993092415.03$0
Aug 199301,23215.66$0
Jul 19933411,19615.46$5,272
Jun 199301,23216.79$0
May 199301,55417.68$0
Apr 1993063218.05$0
Mar 19930118.14$0
Feb 19931682517.90$3,007
Jan 199301,90516.93$0

How to read this page

The arithmetic is one multiplication per stream per month. Here it is, worked, on a real row from the table above.

Jul 2025 — as filed, then multipliedworked
Oil                  104 bbl  × $ 66.74 =     $6,941
Casinghead gas         0 Mcf  × $  3.32 =         $0

────────────────────────────────────────────────────
Month total                                   $6,941

The volumes are the state's, unchanged

Every barrel and every Mcf on this page is a number the Railroad Commission of Texas published in its monthly production query. Nothing is modelled, estimated or filled in.

The dollars are a multiplication, not a valuation

Volume × a published monthly price. It is not what the operator was paid: it takes no account of a contract, a differential, a transportation deduction, or the share any one owner holds.

Oil and gas are priced differently

Oil is a Texas realisation — the crude oil first purchase price. Gas is a benchmark, because no free Texas wellhead gas series exists at any date. The prices page publishes the difference rather than correcting it away.

A lease is not a well

The state reports oil on lease and gas on well, and this page is the lease grain. 10/O/1201 is the state's own key, not one this site invented.