MERCHANT ESTATE

Name: MERCHANT ESTATE lease production and value, Jan 1993 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by PIONEER NATURAL RES. USA, INC. (P-5 665748) 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 4593District 7CField 85279200OilCasinghead gasSave Export

Value, all time

$1.3 M

Jan 1993 – May 2017

Value, last 12 filed months

at the published price for each month

Months reported

293

no gaps in the span

Streams

oil, casinghead gas

The SPRABERRY (TREND AREA) field

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.

Stream	Basis	Volume	Value
Oil	Disposition	15,147 bbl	$643,568
Casinghead gas	Production	205,697 Mcf	$689,319
Total			$1,332,887

53,496 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 (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 31.5774, -101.5602. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.57736, -101.56019 · centre of the wells drawn, derived⌘ or Ctrl + scroll to zoom

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

100.0%

1 of 1 wells

With a plug date

100.0%

1 of 1 wells

Median depth

8,475 ft

1 wells filed one

Completion to plug

13 months

median over 1 well

What the state filed about each well

On the RRC proration schedule

1100.0%

A plug date is filed

1100.0%

BothOn the schedule and plugged. Neither fact cancels the other.

1100.0%

NeitherNo plug date, and not on the schedule.

00.0%

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 8,475 ft.

Completions filed

Mar 2016

1 of 1 wells

Plug dates filed

Apr 2017

1 of 1 wells

Last completion to plug: a median of 13 months across the 1 well that filed both dates, with the middle half between 13 months and 13 months. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-38310224	1801	8,475 ft	Mar 2016	Apr 2017	Yes

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 (293)

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

293 months


May 2017	0	0	45.37	3.26	$0
Apr 2017	0	0	47.93	3.21	$0
Mar 2017	0	0	46.77	2.98	$0
Feb 2017	0	0	50.45	2.95	$0
Jan 2017	0	0	49.41	3.42	$0
Dec 2016	0	0	48.76	3.72	$0
Nov 2016	0	0	42.49	2.64	$0
Oct 2016	0	0	46.19	3.09	$0
Sep 2016	0	0	41.55	3.10	$0
Aug 2016	0	0	41.44	2.92	$0
Jul 2016	0	0	41.62	2.92	$0
Jun 2016	0	0	45.35	2.69	$0
May 2016	23	0	42.52	1.99	$978
Apr 2016	0	0	36.56	1.99	$0
Mar 2016	0	0	33.01	1.79	$0
Feb 2016	108	130	26.47	2.06	$3,127
Jan 2016	0	527	27.35	2.36	$1,246
Dec 2015	175	524	32.36	2.00	$6,712
Nov 2015	0	502	38.79	2.17	$1,088
Oct 2015	0	541	43.55	2.43	$1,313
Sep 2015	0	523	42.99	2.76	$1,443
Aug 2015	0	579	40.16	2.87	$1,663
Jul 2015	353	487	48.15	2.95	$18,431
Jun 2015	0	546	56.15	2.88	$1,574
May 2015	0	572	55.21	2.96	$1,691
Apr 2015	0	319	49.82	2.71	$863
Mar 2015	0	515	42.89	2.93	$1,511
Feb 2015	0	484	44.66	2.98	$1,440
Jan 2015	0	526	43.43	3.10	$1,631
Dec 2014	0	544	54.69	3.59	$1,954
Nov 2014	367	520	70.46	4.25	$28,070
Oct 2014	0	533	78.30	3.90	$2,079
Sep 2014	0	525	86.16	4.05	$2,124
Aug 2014	0	519	89.39	4.04	$2,094
Jul 2014	0	525	96.56	4.18	$2,194
Jun 2014	0	502	98.16	4.74	$2,378
May 2014	0	484	94.73	4.73	$2,288
Apr 2014	0	536	95.94	4.81	$2,578
Mar 2014	362	557	95.89	5.06	$37,529
Feb 2014	0	490	97.40	6.19	$3,034
Jan 2014	342	522	90.40	4.86	$33,454
Dec 2013	0	511	91.82	4.35	$2,225
Nov 2013	0	499	88.85	3.74	$1,865
Oct 2013	0	465	97.42	3.78	$1,757
Sep 2013	0	516	104.11	3.72	$1,918
Aug 2013	0	547	104.25	3.52	$1,927
Jul 2013	0	551	102.52	3.72	$2,048
Jun 2013	0	530	94.40	3.93	$2,085
May 2013	0	544	94.83	4.15	$2,257
Apr 2013	0	546	93.96	4.28	$2,338
Mar 2013	2	558	93.62	3.91	$2,371
Feb 2013	3	455	91.23	3.42	$1,830
Jan 2013	0	371	91.60	3.42	$1,269
Dec 2012	1	34	86.77	3.42	$203
Nov 2012	0	270	86.95	3.62	$979
Oct 2012	170	485	89.38	3.40	$16,843
Sep 2012	0	551	94.67	2.92	$1,608
Aug 2012	0	559	92.66	2.91	$1,626
Jul 2012	2	378	85.13	3.02	$1,312
Jun 2012	172	470	79.82	2.52	$14,913
May 2012	0	564	91.61	2.49	$1,403
Apr 2012	0	551	101.65	2.00	$1,100
Mar 2012	0	578	105.05	2.22	$1,284
Feb 2012	177	550	101.10	2.57	$19,308
Jan 2012	0	607	98.09	2.73	$1,660
Dec 2011	0	593	96.87	3.24	$1,921
Nov 2011	0	575	95.72	3.31	$1,904
Oct 2011	172	590	84.98	3.65	$16,769
Sep 2011	0	587	83.62	3.99	$2,340
Aug 2011	0	592	83.40	4.15	$2,456
Jul 2011	167	621	94.14	4.52	$18,527
Jun 2011	0	631	92.90	4.64	$2,928
May 2011	174	689	98.13	4.40	$20,110
Apr 2011	0	279	105.96	4.33	$1,209
Mar 2011	0	593	96.36	4.06	$2,406
Feb 2011	0	546	85.64	4.18	$2,282
Jan 2011	182	616	86.50	4.59	$18,570
Dec 2010	0	605	85.73	4.35	$2,630
Nov 2010	0	615	80.84	3.80	$2,334
Oct 2010	0	617	78.10	3.51	$2,165
Sep 2010	0	623	72.63	3.98	$2,479
Aug 2010	0	706	73.68	4.42	$3,120
Jul 2010	186	438	72.55	4.74	$15,569
Jun 2010	0	640	70.36	4.91	$3,143
May 2010	0	318	71.12	4.24	$1,347
Apr 2010	0	571	81.69	4.12	$2,354
Mar 2010	0	598	78.39	4.39	$2,624
Feb 2010	180	540	73.58	5.44	$16,183
Jan 2010	0	592	74.36	5.96	$3,531
Dec 2009	0	601	71.44	5.48	$3,296
Nov 2009	181	588	74.59	3.75	$15,707
Oct 2009	0	626	72.54	4.11	$2,573
Sep 2009	1	606	65.54	3.06	$1,923
Aug 2009	175	628	67.42	3.22	$13,820
Jul 2009	0	639	61.13	3.46	$2,214
Jun 2009	0	611	66.16	3.90	$2,380
May 2009	0	648	54.74	3.93	$2,544
Apr 2009	178	548	46.77	3.59	$10,291
Mar 2009	0	619	42.14	4.06	$2,513
Feb 2009	0	545	32.81	4.63	$2,525
Jan 2009	182	604	35.86	5.37	$9,771
Dec 2008	0	614	37.10	5.98	$3,670
Nov 2008	363	601	55.49	6.86	$24,266
Oct 2008	0	85	75.24	6.92	$588
Sep 2008	0	185	101.76	7.88	$1,457
Aug 2008	0	437	114.22	8.48	$3,707
Jul 2008	0	474	131.08	11.39	$5,399
Jun 2008	0	565	131.33	13.03	$7,363
May 2008	185	664	123.17	11.57	$30,472
Apr 2008	1	695	110.31	10.45	$7,376
Mar 2008	328	803	101.90	9.66	$41,183
Feb 2008	0	627	92.53	8.77	$5,499
Jan 2008	176	212	90.38	8.21	$17,646
Dec 2007	0	499	88.33	7.30	$3,644
Nov 2007	0	453	91.67	7.29	$3,303
Oct 2007	0	486	82.85	6.92	$3,364
Sep 2007	0	506	75.84	6.24	$3,160
Aug 2007	0	371	69.06	6.39	$2,370
Jul 2007	1	521	70.90	6.39	$3,399
Jun 2007	1	515	62.00	7.55	$3,949
May 2007	0	482	58.74	7.85	$3,782
Apr 2007	0	550	59.61	7.81	$4,293
Mar 2007	0	430	56.92	7.30	$3,140
Feb 2007	1	445	55.10	8.22	$3,711
Jan 2007	0	466	50.30	6.73	$3,135
Dec 2006	0	546	56.65	6.92	$3,777
Nov 2006	250	609	54.20	7.62	$18,189
Oct 2006	0	681	54.90	6.01	$4,095
Sep 2006	0	662	60.08	5.04	$3,335
Aug 2006	0	706	68.71	7.34	$5,182
Jul 2006	269	842	69.37	6.34	$24,001
Jun 2006	0	328	66.28	6.38	$2,094
May 2006	0	574	66.01	6.42	$3,688
Apr 2006	0	657	64.39	7.36	$4,836
Mar 2006	263	746	56.70	7.08	$20,196
Feb 2006	0	701	57.59	7.75	$5,434
Jan 2006	0	818	60.59	8.93	$7,307
Dec 2005	208	429	54.94	13.42	$17,183
Nov 2005	0	657	54.69	10.59	$6,957
Oct 2005	0	973	58.34	13.80	$13,423
Sep 2005	296	822	61.45	12.08	$28,118
Aug 2005	0	983	61.51	9.80	$9,630
Jul 2005	306	881	55.69	7.84	$23,951
Jun 2005	0	474	52.33	7.38	$3,499
May 2005	0	621	45.22	6.65	$4,130
Apr 2005	0	462	49.20	7.36	$3,401
Mar 2005	0	482	50.37	7.15	$3,449
Feb 2005	0	520	45.22	6.31	$3,282
Jan 2005	0	515	43.16	6.32	$3,256
Dec 2004	0	538	39.86	6.75	$3,632
Nov 2004	0	573	45.28	6.33	$3,627
Oct 2004	0	562	49.70	6.52	$3,661
Sep 2004	0	510	43.24	5.28	$2,695
Aug 2004	0	421	42.37	5.55	$2,337
Jul 2004	0	596	38.28	6.08	$3,626
Jun 2004	0	579	36.10	6.43	$3,725
May 2004	0	620	37.48	6.49	$4,027
Apr 2004	0	590	34.47	5.86	$3,456
Mar 2004	0	540	34.36	5.53	$2,986
Feb 2004	0	638	32.45	5.51	$3,515
Jan 2004	0	697	32.03	6.30	$4,391
Dec 2003	0	453	30.26	6.30	$2,855
Nov 2003	0	237	28.80	4.60	$1,089
Oct 2003	0	556	28.17	4.76	$2,646
Sep 2003	0	709	26.31	4.75	$3,367
Aug 2003	0	681	29.76	5.13	$3,493
Jul 2003	0	228	29.41	5.17	$1,179
Jun 2003	0	539	28.56	5.98	$3,225
May 2003	208	625	26.59	5.97	$9,264
Apr 2003	0	551	26.67	5.41	$2,979
Mar 2003	0	545	31.14	6.10	$3,322
Feb 2003	0	585	33.48	7.93	$4,637
Jan 2003	0	775	30.31	5.58	$4,326
Dec 2002	0	789	26.91	4.85	$3,830
Nov 2002	197	785	24.66	4.14	$8,106
Oct 2002	0	834	26.46	4.23	$3,527
Sep 2002	0	597	27.44	3.64	$2,170
Aug 2002	0	699	25.96	3.16	$2,212
Jul 2002	249	825	24.58	3.06	$8,646
Jun 2002	0	800	23.73	3.34	$2,671
May 2002	0	832	24.66	3.58	$2,982
Apr 2002	0	789	23.65	3.51	$2,771
Mar 2002	220	818	22.00	3.10	$7,378
Feb 2002	0	726	18.22	2.38	$1,725
Jan 2002	0	814	17.17	2.38	$1,934
Dec 2001	199	802	16.93	2.36	$5,265
Nov 2001	0	732	18.07	2.41	$1,761
Oct 2001	0	814	19.78	2.53	$2,059
Sep 2001	0	805	24.26	2.25	$1,812
Aug 2001	245	826	24.87	3.05	$8,615
Jul 2001	0	847	23.93	3.20	$2,708
Jun 2001	0	842	24.56	3.82	$3,220
May 2001	0	856	25.52	4.31	$3,687
Apr 2001	203	804	24.68	5.34	$9,300
Mar 2001	0	954	24.54	5.38	$5,129
Feb 2001	0	1,247	27.75	5.77	$7,192
Jan 2001	210	1,063	27.47	8.40	$14,697
Dec 2000	0	1,198	26.88	9.12	$10,929
Nov 2000	0	1,057	32.21	5.66	$5,981
Oct 2000	221	1,125	31.23	5.15	$12,691
Sep 2000	0	1,052	31.87	5.19	$5,456
Aug 2000	0	1,055	29.64	4.54	$4,790
Jul 2000	0	1,155	28.53	4.09	$4,724
Jun 2000	264	892	29.30	4.40	$11,658
May 2000	0	908	27.26	3.68	$3,341
Apr 2000	0	1,053	24.51	3.12	$3,281
Mar 2000	0	1,008	28.42	2.86	$2,883
Feb 2000	191	697	27.62	2.73	$7,176
Jan 2000	0	903	25.27	2.48	$2,240
Dec 1999	0	882	24.28	2.42	$2,138
Nov 1999	252	877	23.19	2.43	$7,978
Oct 1999	0	900	20.98	2.80	$2,523
Sep 1999	0	915	21.75	2.62	$2,396
Aug 1999	0	935	19.26	2.88	$2,689
Jul 1999	200	973	17.89	2.37	$5,886
Jun 1999	0	882	15.94	2.36	$2,083
May 1999	0	942	15.79	2.32	$2,186
Apr 1999	202	967	15.10	2.21	$5,185
Mar 1999	0	959	12.47	1.84	$1,763
Feb 1999	0	337	9.98	1.82	$613
Jan 1999	187	903	10.38	1.90	$3,657
Dec 1998	0	1,015	9.20	1.77	$1,800
Nov 1998	157	841	10.89	2.19	$3,548
Oct 1998	0	1,096	12.42	1.97	$2,158
Sep 1998	0	1,081	12.59	2.08	$2,251
Aug 1998	155	1,143	11.30	1.91	$3,932
Jul 1998	0	1,085	11.74	2.24	$2,427
Jun 1998	125	1,063	11.24	2.24	$3,783
May 1998	0	1,025	12.62	2.21	$2,262
Apr 1998	159	1,014	13.04	2.51	$4,614
Mar 1998	0	966	12.80	2.31	$2,231
Feb 1998	109	995	13.95	2.30	$3,808
Jan 1998	17	666	14.70	2.15	$1,685
Dec 1997	299	823	16.32	2.41	$6,864
Nov 1997	0	918	18.19	3.09	$2,835
Oct 1997	0	282	19.25	3.15	$888
Sep 1997	0	886	17.74	2.95	$2,618
Aug 1997	0	1,073	17.86	2.55	$2,741
Jul 1997	148	1,114	17.58	2.25	$5,105
Jun 1997	0	1,069	17.24	2.26	$2,413
May 1997	253	1,199	18.97	2.31	$7,567
Apr 1997	0	1,184	17.88	2.08	$2,466
Mar 1997	1	1,024	18.95	1.94	$2,005
Feb 1997	0	602	20.49	2.21	$1,328
Jan 1997	148	1,079	23.48	3.54	$7,294
Dec 1996	0	1,105	23.32	—	$0
Nov 1996	154	1,054	21.97	—	$3,383
Oct 1996	0	1,078	23.31	—	$0
Sep 1996	206	1,046	22.22	—	$4,577
Aug 1996	0	1,078	20.26	—	$0
Jul 1996	0	1,089	19.55	—	$0
Jun 1996	214	1,055	18.73	—	$4,008
May 1996	0	1,108	19.43	—	$0
Apr 1996	0	953	21.51	—	$0
Mar 1996	225	1,096	19.38	—	$4,361
Feb 1996	0	1,008	16.98	—	$0
Jan 1996	0	1,012	17.07	—	$0
Dec 1995	219	1,047	17.19	—	$3,765
Nov 1995	0	934	16.00	—	$0
Oct 1995	0	1,063	15.43	—	$0
Sep 1995	215	1,035	16.18	—	$3,479
Aug 1995	0	1,088	15.92	—	$0
Jul 1995	0	1,114	15.24	—	$0
Jun 1995	203	1,080	16.41	—	$3,331
May 1995	0	1,025	17.56	—	$0
Apr 1995	0	1,057	17.73	—	$0
Mar 1995	243	1,108	16.44	—	$3,995
Feb 1995	0	997	16.58	—	$0
Jan 1995	0	1,063	15.92	—	$0
Dec 1994	214	1,097	15.03	—	$3,216
Nov 1994	0	1,051	15.90	—	$0
Oct 1994	0	1,130	15.58	—	$0
Sep 1994	231	1,049	15.29	—	$3,532
Aug 1994	0	1,123	16.13	—	$0
Jul 1994	0	1,191	17.56	—	$0
Jun 1994	217	1,145	17.09	—	$3,709
May 1994	0	1,283	15.88	—	$0
Apr 1994	0	1,199	14.14	—	$0
Mar 1994	235	1,170	12.46	—	$2,928
Feb 1994	0	1,099	12.50	—	$0
Jan 1994	0	1,231	12.66	—	$0
Dec 1993	248	1,109	12.33	—	$3,058
Nov 1993	0	1,188	14.49	—	$0
Oct 1993	0	1,240	15.85	—	$0
Sep 1993	235	1,213	15.03	—	$3,532
Aug 1993	0	1,205	15.66	—	$0
Jul 1993	0	1,212	15.46	—	$0
Jun 1993	227	1,108	16.79	—	$3,811
May 1993	0	1,318	17.68	—	$0
Apr 1993	0	1,272	18.05	—	$0
Mar 1993	359	1,216	18.14	—	$6,512
Feb 1993	0	1,073	17.90	—	$0
Jan 1993	0	1,281	16.93	—	$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.

May 2016 — as filed, then multipliedworked

Oil                   23 bbl  × $ 42.52 =       $978
Casinghead gas         0 Mcf  × $  1.99 =         $0

────────────────────────────────────────────────────
Month total                                     $978

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/4593 is the state's own key, not one this site invented.