MERCHANT ESTATE 18-12 C
RRC oil lease 23224, district 09 · SPRABERRY (TREND AREA) field · Reagan County · operated by DIAMONDBACK E&P LLC
MERCHANT ESTATE 18-12 C at a glance
It has no production a year earlier to compare with. Over the last 12 months it reported 176,613 BBL of oil and 372,524 MCF of gas. In May 2026, the latest month not marked provisional, it reported 11,827 BBL and 24,607 MCF.
Royalty = (11,827 BBL × $97.31 WTI, Sep 2026, EIA + 24,607 MCF × $2.95 Henry Hub, Sep 2026, EIA) × your decimal. 0.001 is only a placeholder: enter the decimal from your check stub or division order. Gross, before taxes and deductions. Full estimator →
Oil + condensate (BBL per month, last 36 months)
Gas (MCF per month, last 36 months)
Jun 2026 and Jul 2026 are provisional (lighter bars) and usually rise as late reports arrive.
MERCHANT ESTATE 18-12 C production history in brief
By oil-equivalent volume over the last 12 months, MERCHANT ESTATE 18-12 C ranks #97 of 3,010 reporting leases in Reagan County. It reported production in 12 of the 34 non-provisional months shown, starting in our window in Jun 2025. Its peak oil month in that window was Jul 2025 at 27,859 BBL. The lease is in the SPRABERRY (TREND AREA) field and is operated by DIAMONDBACK E&P LLC; production is reported for the lease as a whole, not per well.
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New permits nearby
New drilling permits issued this month in Reagan County. RRC production data has no lease coordinates, so we match by county.
| Issued | Operator | Lease | Well | Depth (ft) |
|---|---|---|---|---|
| 2026-10-09 | PIONEER NATURAL RES. USA, INC. | RINGO-SLAUGHTER 7H | 8H | 10,436 |
| 2026-10-09 | PIONEER NATURAL RES. USA, INC. | RINGO-SLAUGHTER 7I | 9H | 10,451 |
| 2026-10-07 | PIONEER NATURAL RES. USA, INC. | RINGO-BIRD 7G | 7H | 10,469 |
| 2026-10-05 | PIONEER NATURAL RES. USA, INC. | RINGO-BIRD 7J | 10H | 10,469 |
Monthly production
| Month | Oil (BBL) | Gas (MCF) |
|---|---|---|
| Jul 2026 (provisional) | 11,502 | 25,067 |
| Jun 2026 (provisional) | 10,931 | 24,123 |
| May 2026 | 11,827 | 24,607 |
| Apr 2026 | 11,832 | 26,865 |
| Mar 2026 | 16,121 | 30,011 |
| Feb 2026 | 13,683 | 21,948 |
| Jan 2026 | 16,633 | 30,464 |
| Dec 2025 | 12,373 | 26,881 |
| Nov 2025 | 13,771 | 23,442 |
| Oct 2025 | 16,394 | 30,577 |
| Sep 2025 | 18,478 | 55,214 |
| Aug 2025 | 23,068 | 53,325 |
| Jul 2025 | 27,859 | 32,262 |
| Jun 2025 | 2,326 | 1,538 |
Check these figures in the RRC Production Data Query (Specific Lease Query: district 09, lease 23224). Production is reported per lease, so a lease with several wells is not split by well.
Source: Texas Railroad Commission (data sets, Production Data Query). Data date: RRC Production Data Query dump, extract dated Sep 18, 2026; production through Jul 2026. Jun 2026 and Jul 2026 are provisional: operators file late and amend, so these months usually rise in later releases. Oil = crude oil + condensate (BBL); gas = gas-well gas + casinghead gas (MCF), as reported to RRC. Methodology.