MERCHANT, C. W. -D-

Operated by SAHARA OPERATING COMPANY (P-5 743279) in the SPRABERRY (TREND AREA) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 14138District 7CField 85279200OilCasinghead gasSaveExport
Value, all time
$1.6 M
Nov 1995 – May 2026
Value, last 12 filed months
$14 k
at the published price for each month
Months reported
367
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 7,461 leases and 22,481 wells, and the rule below applies to all of them.

Discovered
1904-12-31
as the register files it
Field class
Oil and gas
the register's own label
Between wells
0 ft
minimum
From a lease line
330 ft
minimum

A drilling unit in this field needs at least 80 acres. The field rule took effect on 2016-03-08.

The Commission's schedule remark for this field reads: AREA) 85279200.

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
OilDisposition17,397 bbl$881,319
Casinghead gasProduction162,403 Mcf$679,071
Total$1,560,390

13,114 Mcf of this lease's gas, across 14 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 (1)

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 31.5560, -101.5890. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.55605, -101.58900 · 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
0.0%
0 of 1 wells
With a plug date
0.0%
0 of 1 wells
Median depth
8,310 ft
1 wells filed one
Completion to plug
no well filed both dates

What the state filed about each well

On the RRC proration schedule
00.0%
A plug date is filed
00.0%
BothOn the schedule and plugged. Neither fact cancels the other.
00.0%
NeitherNo plug date, and not on the schedule.
1100.0%

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

The one well that filed a depth was drilled to 8,310 ft.

Completions filed
Oct 1974
1 of 1 wells

1 well

42-3830028318,310 ftOct 1974

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 (367)

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

367 months

May 202600106.413.05$0
Apr 20260098.932.87$0
Mar 202653089.753.15$4,757
Feb 20260063.503.75$0
Jan 202629059.138.00$1,715
Dec 20250056.664.41$0
Nov 20250058.593.93$0
Oct 202529059.383.30$1,722
Sep 202557062.743.08$3,576
Aug 20250063.933.01$0
Jul 202529066.743.32$1,935
Jun 20250066.483.13$0
May 202528060.553.23$1,695
Apr 202530062.363.54$1,871
Mar 20250067.704.27$0
Feb 202527070.884.34$1,914
Jan 202528074.324.28$2,081
Dec 202430068.993.12$2,070
Nov 202426069.052.20$1,795
Oct 202428071.372.28$1,998
Sep 20240069.612.36$0
Aug 202461075.632.06$4,613
Jul 202461079.932.15$4,876
Jun 202429078.082.63$2,264
May 20240078.812.20$0
Apr 202457084.451.66$4,814
Mar 202429080.301.55$2,329
Feb 202430076.091.78$2,283
Jan 202428073.023.30$2,045
Dec 20230071.262.61$0
Nov 202331077.892.81$2,415
Oct 20230085.443.09$0
Sep 202355089.042.74$4,897
Aug 20230080.522.67$0
Jul 202332074.852.64$2,395
Jun 202331068.962.26$2,138
May 202365070.622.23$4,590
Apr 20230078.122.24$0
Mar 202332072.852.39$2,331
Feb 202332075.112.47$2,404
Jan 202366076.533.39$5,051
Dec 20220076.415.73$0
Nov 202262085.005.65$5,270
Oct 20220087.185.86$0
Sep 202263084.888.16$5,347
Aug 20220094.529.13$0
Jul 202200101.587.54$0
Jun 2022640115.097.98$7,366
May 2022290109.378.43$3,172
Apr 202200104.226.84$0
Mar 2022630108.885.08$6,859
Feb 202263091.054.86$5,736
Jan 202263081.844.54$5,156
Dec 202132071.323.90$2,282
Nov 202128077.435.24$2,168
Oct 20210079.795.71$0
Sep 20210069.865.35$0
Aug 202162066.024.22$4,093
Jul 20210070.783.98$0
Jun 202133069.493.38$2,293
May 202196063.483.02$6,094
Apr 202132060.362.76$1,932
Mar 202133061.302.72$2,023
Feb 202132057.805.55$1,850
Jan 202132050.412.81$1,613
Dec 202065044.642.68$2,902
Nov 202064038.772.71$2,481
Oct 202032036.972.48$1,183
Sep 202034037.091.99$1,261
Aug 202097039.982.39$3,878
Jul 202065038.371.83$2,494
Jun 202032034.901.69$1,117
May 2020115016.921.81$1,946
Apr 202064014.751.80$944
Mar 202032030.341.86$971
Feb 202031049.881.98$1,546
Jan 202065057.252.09$3,721
Dec 201998059.012.30$5,783
Nov 201998055.302.75$5,419
Oct 201933053.472.42$1,765
Sep 201996055.052.66$5,285
Aug 201932053.112.30$1,700
Jul 201932056.272.46$1,801
Jun 201932052.782.49$1,689
May 201963958.482.74$3,709
Apr 201932762.632.75$2,023
Mar 20190056.803.06$0
Feb 201933050.852.79$1,678
Jan 201957046.033.23$2,624
Dec 201833046.594.19$1,537
Nov 201830052.934.24$1,588
Oct 20180061.443.40$0
Sep 201833059.543.11$1,965
Aug 20180059.403.07$0
Jul 201832065.142.93$2,084
Jun 201830060.183.08$1,805
May 201805865.382.90$168
Apr 20186341763.842.90$5,232
Mar 20183042861.222.79$3,029
Feb 2018036661.782.77$1,012
Jan 20183340562.874.01$3,698
Dec 2017041957.272.92$1,224
Nov 20173341055.423.12$3,107
Oct 20173242849.292.98$2,854
Sep 2017041447.523.09$1,278
Aug 20173235545.373.00$2,518
Jul 2017017943.873.09$553
Jun 2017032242.493.09$994
May 20173133845.373.26$2,510
Apr 2017028947.933.21$928
Mar 2017012446.772.98$370
Feb 20173323350.452.95$2,353
Jan 2017024249.413.42$827
Dec 2016036348.763.72$1,351
Nov 20163041742.492.64$2,377
Oct 20163041546.193.09$2,668
Sep 2016037241.553.10$1,153
Aug 201632041.442.92$1,326
Jul 2016038241.622.92$1,117
Jun 20162943145.352.69$2,473
May 20166047842.521.99$3,503
Apr 2016044336.561.99$882
Mar 20165947933.011.79$2,807
Feb 2016045426.472.06$937
Jan 2016029027.352.36$686
Dec 20153318532.362.00$1,438
Nov 20151543238.792.17$1,518
Oct 2015049643.552.43$1,204
Sep 20156448242.992.76$4,081
Aug 2015049440.162.87$1,419
Jul 20153149148.152.95$2,939
Jun 20152946156.152.88$2,957
May 20153133355.212.96$2,696
Apr 20153343949.822.71$2,832
Mar 20156649142.892.93$4,272
Feb 20153344544.662.98$2,798
Jan 20153347743.433.10$2,912
Dec 2014048954.693.59$1,756
Nov 20142748070.464.25$3,943
Oct 20143146778.303.90$4,249
Sep 20143249286.164.05$4,747
Aug 20143044789.394.04$4,485
Jul 20143137396.564.18$4,552
Jun 20146345498.164.74$8,335
May 2014043394.734.73$2,047
Apr 20146445195.944.81$8,309
Mar 20143051295.895.06$5,466
Feb 20143248197.406.19$6,095
Jan 20143045690.404.86$4,928
Dec 20133232891.824.35$4,367
Nov 2013045788.853.74$1,708
Oct 20133253197.423.78$5,124
Sep 201364521104.113.72$8,600
Aug 201333545104.253.52$5,360
Jul 201333453102.523.72$5,067
Jun 20133344094.403.93$4,846
May 20133253994.834.15$5,271
Apr 20133352193.964.28$5,332
Mar 20136550193.623.91$8,046
Feb 20132743191.233.42$3,937
Jan 20136646091.603.42$7,619
Dec 20123349086.773.42$4,539
Nov 20126144786.953.62$6,924
Oct 20123349989.383.40$4,646
Sep 20125453194.672.92$6,662
Aug 20122651192.662.91$3,895
Jul 20123151585.133.02$4,195
Jun 20123152979.822.52$3,807
May 20126352091.612.49$7,065
Apr 2012300101.652.00$3,050
Mar 201227506105.052.22$3,961
Feb 201231408101.102.57$4,183
Jan 20123442898.092.73$4,505
Dec 20113340996.873.24$4,522
Nov 20115545695.723.31$6,775
Oct 20112846284.983.65$4,065
Sep 20113245483.623.99$4,485
Aug 20115951383.404.15$7,049
Jul 20115253694.144.52$7,317
Jun 20116343392.904.64$7,862
May 20113255198.134.40$5,567
Apr 201166462105.964.33$8,995
Mar 20116547596.364.06$8,191
Feb 20116240885.644.18$7,015
Jan 20119851586.504.59$10,840
Dec 20106451085.734.35$7,704
Nov 20106552680.843.80$7,251
Oct 20106355378.103.51$6,861
Sep 20107755272.633.98$7,789
Aug 20106645073.684.42$6,852
Jul 20106641072.554.74$6,730
Jun 20103158870.364.91$5,068
May 20105661071.124.24$6,566
Apr 20106657881.694.12$7,774
Mar 20106847878.394.39$7,428
Feb 20103331373.585.44$4,132
Jan 20108756874.365.96$9,857
Dec 20096247771.445.48$7,045
Nov 20092958674.593.75$4,361
Oct 20096360872.544.11$7,069
Sep 20096659065.543.06$6,134
Aug 20095558367.423.22$5,584
Jul 20096461561.133.46$6,043
Jun 20099160366.163.90$8,369
May 20096062854.743.93$5,750
Apr 200912760046.773.59$8,092
Mar 200911060142.144.06$7,075
Feb 20099150232.814.63$5,311
Jan 20098647735.865.37$5,646
Dec 20089760937.105.98$7,239
Nov 20088057855.496.86$8,404
Oct 20088560075.246.92$10,549
Sep 200893563101.767.88$13,898
Aug 200859587114.228.48$11,719
Jul 200887585131.0811.39$18,067
Jun 200880553131.3313.03$17,713
May 200860591123.1711.57$14,231
Apr 200863341110.3110.45$10,515
Mar 2008310101.909.66$3,159
Feb 20085760592.538.77$10,580
Jan 20087864990.388.21$12,375
Dec 20075865588.337.30$9,906
Nov 20075763891.677.29$9,877
Oct 20075467182.856.92$9,119
Sep 20075465275.846.24$8,167
Aug 20073249169.066.39$5,346
Jul 20072849270.906.39$5,128
Jun 20075848262.007.55$7,234
May 20075865658.747.85$8,554
Apr 20072861459.617.81$6,461
Mar 20075930756.927.30$5,600
Feb 20073451755.108.22$6,121
Jan 20073261550.306.73$5,747
Dec 200663056.656.92$3,569
Nov 20065663654.207.62$7,880
Oct 20066266254.906.01$7,385
Sep 20067862460.085.04$7,829
Aug 20065565168.717.34$8,557
Jul 20065863569.376.34$8,051
Jun 20065764966.286.38$7,921
May 20064768366.016.42$7,491
Apr 20065666264.397.36$8,478
Mar 20062269056.707.08$6,135
Feb 20063062557.597.75$6,572
Jan 20064770060.598.93$9,101
Dec 20054666354.9413.42$11,422
Nov 20053169654.6910.59$9,065
Oct 20056573658.3413.80$13,946
Sep 20056372961.4512.08$12,677
Aug 20053373861.519.80$9,260
Jul 20056067155.697.84$8,604
Jun 20055868452.337.38$8,084
May 20056570645.226.65$7,635
Apr 20053169049.207.36$6,604
Mar 20056268950.377.15$8,053
Feb 20055963945.226.31$6,701
Jan 20053370643.166.32$5,888
Dec 20043267039.866.75$5,799
Nov 20046164645.286.33$6,852
Oct 20046572649.706.52$7,960
Sep 20046072143.245.28$6,404
Aug 20042953742.375.55$4,209
Jul 20046167538.286.08$6,442
Jun 20043168736.106.43$5,539
May 20043270737.486.49$5,791
Apr 20045467934.475.86$5,839
Mar 20046170534.365.53$5,995
Feb 20042664932.455.51$4,419
Jan 20043267032.036.30$5,246
Dec 20036263230.266.30$5,859
Nov 20033142928.804.60$2,864
Oct 20036173428.174.76$5,212
Sep 20033170126.314.75$4,145
Aug 20033273429.765.13$4,718
Jul 20036073329.415.17$5,555
Jun 20036167928.565.98$5,805
May 20033171326.595.97$5,083
Apr 20035571526.675.41$5,333
Mar 20036460331.146.10$5,669
Feb 20035355133.487.93$6,142
Jan 20035565530.315.58$5,323
Dec 20022970826.914.85$4,217
Nov 20025967024.664.14$4,227
Oct 20026369926.464.23$4,623
Sep 20022963127.443.64$3,090
Aug 20028560825.963.16$4,130
Jul 20022770124.583.06$2,810
Jun 20023038823.733.34$2,007
May 20025537024.663.58$2,682
Apr 20026171523.653.51$3,954
Mar 20029073022.003.10$4,245
Feb 20023261518.222.38$2,044
Jan 20026371517.172.38$2,780
Dec 20015872116.932.36$2,687
Nov 20016270018.072.41$2,804
Oct 20016072719.782.53$3,025
Sep 20012971024.262.25$2,302
Aug 20016572324.873.05$3,824
Jul 20015772123.933.20$3,669
Jun 20015874724.563.82$4,281
May 20015576425.524.31$4,694
Apr 20016273524.685.34$5,452
Mar 20019875524.545.38$6,464
Feb 20012863427.755.77$4,433
Jan 20012889827.478.40$8,311
Dec 20005889126.889.12$9,687
Nov 20006586632.215.66$6,993
Oct 20006779531.235.15$6,183
Sep 20006680231.875.19$6,263
Aug 20006282229.644.54$5,570
Jul 20006283328.534.09$5,176
Jun 20005870829.304.40$4,813
May 20004950227.263.68$3,183
Apr 20006156624.513.12$3,259
Mar 20006278628.422.86$4,010
Feb 20005671327.622.73$3,491
Jan 2000551,47425.272.48$5,046
Dec 19996076024.282.42$3,299
Nov 19996467923.192.43$3,137
Oct 19996569820.982.80$3,321
Sep 19996773921.752.62$3,393
Aug 199910074519.262.88$4,068
Jul 19996178317.892.37$2,949
Jun 19999679115.942.36$3,399
May 19996479415.792.32$2,853
Apr 19999680215.102.21$3,220
Mar 19993481712.471.84$1,926
Feb 1999966829.981.82$2,198
Jan 19996278810.381.90$2,141
Dec 1998987169.201.77$2,171
Nov 19986776710.892.19$2,406
Oct 19986575112.421.97$2,286
Sep 19989164612.592.08$2,491
Aug 199810085511.301.91$2,761
Jul 19986668011.742.24$2,296
Jun 19989760611.242.24$2,446
May 19986383712.622.21$2,642
Apr 1998067313.042.51$1,686
Mar 19985979412.802.31$2,589
Feb 19983361613.952.30$1,877
Jan 19983477414.702.15$2,168
Dec 19978680416.322.41$3,342
Nov 19973377418.193.09$2,991
Oct 19972776819.253.15$2,939
Sep 19976685717.742.95$3,703
Aug 19976392117.862.55$3,478
Jul 19976589117.582.25$3,145
Jun 19976793117.242.26$3,257
May 19979392318.972.31$3,895
Apr 199710087117.882.08$3,602
Mar 19979990418.951.94$3,629
Feb 199710180320.492.21$3,841
Jan 19979582123.483.54$5,137
Dec 19966590623.32$1,516
Nov 19969790021.97$2,131
Oct 199610188523.31$2,354
Sep 19969884822.22$2,178
Aug 19966689820.26$1,337
Jul 1996981,90019.55$1,916
Jun 19969092718.73$1,686
May 19969993819.43$1,924
Apr 19969887921.51$2,108
Mar 19969690919.38$1,860
Feb 19969677416.98$1,630
Jan 19969591317.07$1,622
Dec 199510185817.19$1,736
Nov 199512157916.00$1,936

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.

Mar 2026 — as filed, then multipliedworked
Oil                   53 bbl  × $ 89.75 =     $4,757
Casinghead gas         0 Mcf  × $  3.15 =         $0

────────────────────────────────────────────────────
Month total                                   $4,757

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. 7C/O/14138 is the state's own key, not one this site invented.