BUTLER, L.A.

Operated by THOMAS OPERATING LTD. CO. (P-5 854359) in the CHAPEL HILL (PETTIT) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 12722District 06Field 17008222OilCasinghead gasSaveExport
Value, all time
$3.2 M
Jan 1993 – May 2026
Value, last 12 filed months
$0
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 55 leases and 63 wells, and the rule below applies to all of them.

Discovered
1940-02-02
as the register files it
Field class
Oil and gas
the register's own label
Between wells
933 ft
minimum
From a lease line
467 ft
minimum

A drilling unit in this field needs at least 40 acres. The field rule took effect on 1984-10-31.

The Commission's schedule remark for this field reads: FIELD RULES MADE PERMANENT 6-23-86 PER DOCKET NO.6-87,378.

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
OilDisposition43,751 bbl$1,597,667
Casinghead gasProduction562,395 Mcf$1,574,485
Total$3,172,151

183,139 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 (2)

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 32.3782, -95.0865. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.3 miles.

32.37824, -95.08652 · 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
50.0%
1 of 2 wells
With a plug date
50.0%
1 of 2 wells
Median depth
8,545 ft
2 wells filed one
Completion to plug
32.3 years
median over 1 well

What the state filed about each well

On the RRC proration schedule
150.0%
A plug date is filed
150.0%
BothOn the schedule and plugged. Neither fact cancels the other.
150.0%
NeitherNo plug date, and not on the schedule.
150.0%

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

Between 8,420 and 8,670 ft, median 8,545 ft, over the 2 wells that filed a depth.

Completions filed
Jul 1990 – Jan 2005
2 of 2 wells
Plug dates filed
Oct 2022
1 of 2 wells; 1 filed none

Last completion to plug: a median of 32.3 years across the 1 well that filed both dates, with the middle half between 32.3 years and 32.3 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

2 wells

42-4233148138,420 ftJan 2005
42-42330934A 18,670 ftJul 1990Oct 2022Yes

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 20250066.743.32$0
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 2025137074.324.28$10,182
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 2024172080.301.55$13,812
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 2023172068.962.26$11,861
May 20230070.622.23$0
Apr 20230078.122.24$0
Mar 20230072.852.39$0
Feb 20230075.112.47$0
Jan 20230476.533.39$14
Dec 202202076.415.73$115
Nov 202206585.005.65$367
Oct 202206687.185.86$387
Sep 202203784.888.16$302
Aug 20221772794.529.13$16,976
Jul 20220122101.587.54$920
Jun 20220174115.097.98$1,388
May 20220299109.378.43$2,521
Apr 20220250104.226.84$1,709
Mar 20220237108.885.08$1,203
Feb 2022011391.054.86$549
Jan 2022016281.844.54$735
Dec 2021030171.323.90$1,174
Nov 2021014977.435.24$780
Oct 2021013379.795.71$760
Sep 2021014569.865.35$776
Aug 202114916766.024.22$10,542
Jul 2021026370.783.98$1,047
Jun 2021020269.493.38$683
May 2021018863.483.02$567
Apr 2021019160.362.76$527
Mar 2021010561.302.72$285
Feb 20211747257.805.55$10,457
Jan 2021025450.412.81$714
Dec 2020026144.642.68$698
Nov 2020042338.772.71$1,145
Oct 2020036236.972.48$897
Sep 2020046837.091.99$932
Aug 202017229039.982.39$7,568
Jul 2020027138.371.83$495
Jun 2020026134.901.69$441
May 2020028616.921.81$519
Apr 2020027214.751.80$491
Mar 20205329630.341.86$2,157
Feb 2020018049.881.98$357
Jan 202017737757.252.09$10,923
Dec 2019042359.012.30$975
Nov 2019039155.302.75$1,076
Oct 2019036253.472.42$876
Sep 2019033555.052.66$890
Aug 2019046853.112.30$1,078
Jul 2019034156.272.46$839
Jun 201916931752.782.49$9,710
May 2019027958.482.74$765
Apr 2019021362.632.75$586
Mar 201908756.803.06$266
Feb 201909450.852.79$262
Jan 2019034046.033.23$1,098
Dec 201803546.594.19$146
Nov 201807252.934.24$305
Oct 2018013961.443.40$472
Sep 201817721759.543.11$11,213
Aug 2018033459.403.07$1,024
Jul 2018037365.142.93$1,094
Jun 2018021160.183.08$649
May 2018029665.382.90$859
Apr 201817634863.842.90$12,245
Mar 2018037061.222.79$1,031
Feb 2018030561.782.77$844
Jan 2018061862.874.01$2,478
Dec 201717164957.272.92$11,689
Nov 2017079055.423.12$2,464
Oct 2017066149.292.98$1,972
Sep 2017065047.523.09$2,007
Aug 201717362245.373.00$9,718
Jul 2017056643.873.09$1,747
Jun 2017052642.493.09$1,624
May 2017030145.373.26$982
Apr 2017046247.933.21$1,484
Mar 201716743446.772.98$9,106
Feb 2017043450.452.95$1,281
Jan 2017034249.413.42$1,169
Dec 2016034848.763.72$1,296
Nov 2016034942.492.64$923
Oct 201615940146.193.09$8,583
Sep 2016035541.553.10$1,101
Aug 2016053441.442.92$1,562
Jul 2016049841.622.92$1,456
Jun 2016031245.352.69$838
May 201615821542.521.99$7,146
Apr 2016018036.561.99$358
Mar 2016017333.011.79$310
Feb 2016016126.472.06$332
Jan 2016036427.352.36$861
Dec 2015027032.362.00$540
Nov 201514421538.792.17$6,052
Oct 2015013043.552.43$315
Sep 201517020342.992.76$7,868
Aug 2015011240.162.87$322
Jul 2015023648.152.95$695
Jun 2015026256.152.88$755
May 201515523055.212.96$9,237
Apr 2015041649.822.71$1,126
Mar 201515736742.892.93$7,811
Feb 201515825444.662.98$7,812
Jan 201506743.433.10$208
Dec 2014048054.693.59$1,724
Nov 201415748770.464.25$13,133
Oct 2014054278.303.90$2,114
Sep 201415447386.164.05$15,182
Aug 201416572789.394.04$17,683
Jul 2014058096.564.18$2,424
Jun 2014050198.164.74$2,373
May 201414754094.734.73$16,478
Apr 2014046295.944.81$2,222
Mar 201417339695.895.06$18,591
Feb 201417635197.406.19$19,316
Jan 2014044490.404.86$2,158
Dec 2013044391.824.35$1,929
Nov 201315932288.853.74$15,331
Oct 2013032297.423.78$1,217
Sep 20130463104.113.72$1,721
Aug 2013148421104.253.52$16,912
Jul 20130247102.523.72$918
Jun 201314351494.403.93$15,521
May 2013061194.834.15$2,535
Apr 201316949293.964.28$17,986
Mar 2013055393.623.91$2,164
Feb 201315549591.233.42$15,834
Jan 2013057091.603.42$1,949
Dec 201215752786.773.42$15,425
Nov 2012050686.953.62$1,834
Oct 201217358889.383.40$17,462
Sep 2012058694.672.92$1,710
Aug 201216162692.662.91$16,739
Jul 2012062685.133.02$1,891
Jun 201215676079.822.52$14,366
May 2012077891.612.49$1,936
Apr 2012315751101.652.00$33,519
Mar 20120724105.052.22$1,609
Feb 2012168669101.102.57$18,704
Jan 2012065198.092.73$1,780
Dec 201117059096.873.24$18,379
Nov 2011032395.723.31$1,070
Oct 201116046184.983.65$15,279
Sep 2011047883.623.99$1,905
Aug 2011053583.404.15$2,220
Jul 201115949394.144.52$17,195
Jun 2011048992.904.64$2,269
May 2011049998.134.40$2,198
Apr 2011157500105.964.33$18,802
Mar 2011047596.364.06$1,927
Feb 201117836585.644.18$16,770
Jan 2011058286.504.59$2,671
Dec 201016177785.734.35$17,181
Nov 201016468280.843.80$15,846
Oct 2010063178.103.51$2,214
Sep 2010069572.633.98$2,766
Aug 201015476073.684.42$14,705
Jul 201016869372.554.74$15,471
Jun 2010032270.364.91$1,581
May 2010055971.124.24$2,367
Apr 201032364381.694.12$29,037
Mar 2010060678.394.39$2,660
Feb 201016549873.585.44$14,851
Jan 2010046374.365.96$2,761
Dec 2009051971.445.48$2,846
Nov 200917660474.593.75$15,394
Oct 2009041872.544.11$1,718
Sep 200916740365.543.06$12,180
Aug 2009055967.423.22$1,799
Jul 200915647261.133.46$11,172
Jun 2009049566.163.90$1,928
May 200915951854.743.93$10,737
Apr 2009064746.773.59$2,321
Mar 200917285942.144.06$10,735
Feb 2009081732.814.63$3,785
Jan 2009084435.865.37$4,533
Dec 200816271337.105.98$10,272
Nov 200816977455.496.86$14,688
Oct 2008089275.246.92$6,174
Sep 2008169867101.767.88$24,027
Aug 20080585114.228.48$4,963
Jul 20080543131.0811.39$6,184
Jun 2008165605131.3313.03$29,554
May 20080547123.1711.57$6,331
Apr 2008177711110.3110.45$26,958
Mar 20080437101.909.66$4,223
Feb 200817198992.538.77$24,497
Jan 200801,08190.388.21$8,870
Dec 2007089988.337.30$6,564
Nov 200714986291.677.29$19,944
Oct 200701,01282.856.92$7,005
Sep 200716295975.846.24$18,274
Aug 2007092569.066.39$5,909
Jul 200717483870.906.39$17,690
Jun 2007082462.007.55$6,220
May 200701,00158.747.85$7,854
Apr 200716797359.617.81$17,549
Mar 200701,16956.927.30$8,536
Feb 2007084055.108.22$6,901
Jan 20071531,17150.306.73$15,573
Dec 200601,12956.656.92$7,811
Nov 20061641,06654.207.62$17,009
Oct 200601,08354.906.01$6,513
Sep 200601,39360.085.04$7,017
Aug 200616798768.717.34$18,719
Jul 20061671,77269.376.34$22,824
Jun 200601,53666.286.38$9,806
May 20061721,60266.016.42$21,647
Apr 200601,25664.397.36$9,245
Mar 20061621,30156.707.08$18,400
Feb 200601,44857.597.75$11,224
Jan 200610097460.598.93$14,760
Dec 2005098454.9413.42$13,201
Nov 2005075654.6910.59$8,005
Oct 20051491,55458.3413.80$30,131
Sep 200516397361.4512.08$21,769
Aug 2005052861.519.80$5,173
Jul 200516950755.697.84$13,388
Jun 2005070852.337.38$5,226
May 20053241,50745.226.65$24,675
Apr 20051561,90449.207.36$21,690
Mar 20053472,03750.377.15$32,053
Feb 20051631,76345.226.31$18,499
Jan 20051731,90443.166.32$19,504
Dec 20041811,74539.866.75$18,995
Nov 20041731,58845.286.33$17,886
Oct 20041731,67549.706.52$19,511
Sep 20041521,47443.245.28$14,361
Aug 20041611,66242.375.55$16,047
Jul 20041651,81038.286.08$17,329
Jun 20041741,66336.106.43$16,980
May 200416799637.486.49$12,728
Apr 20041781,73634.475.86$16,306
Mar 20041861,81134.365.53$16,406
Feb 20041691,74132.455.51$15,076
Jan 20041781,83832.036.30$17,280
Dec 20031771,97130.266.30$17,777
Nov 20031682,04028.804.60$14,213
Oct 20031802,10628.174.76$15,094
Sep 20031572,06126.314.75$13,919
Aug 20031642,36529.765.13$17,012
Jul 20031692,49129.415.17$17,851
Jun 20031722,36128.565.98$19,038
May 20031632,33426.595.97$18,274
Apr 20031792,29326.675.41$17,173
Mar 20031692,34831.146.10$19,576
Feb 20032352,09433.487.93$24,465
Jan 20031682,09430.315.58$16,781
Dec 20022532,13126.914.85$17,152
Nov 20021662,04824.664.14$12,566
Oct 20021382,17926.464.23$12,867
Sep 20021632,18527.443.64$12,416
Aug 20021652,28825.963.16$11,523
Jul 20021602,45524.583.06$11,449
Jun 20021572,54523.733.34$12,221
May 20021512,67324.663.58$13,304
Apr 20021782,47023.653.51$12,885
Mar 20021802,61722.003.10$12,080
Feb 20021852,41018.222.38$9,096
Jan 20022342,37717.172.38$9,665
Dec 20011852,44316.932.36$8,908
Nov 20011622,25318.072.41$8,347
Oct 20011662,81219.782.53$10,395
Sep 20011782,61824.262.25$10,212
Aug 20011732,91924.873.05$13,215
Jul 20011813,05823.933.20$14,108
Jun 20012362,86424.563.82$16,749
May 20011552,58525.524.31$15,090
Apr 20011642,88424.685.34$19,435
Mar 20012602,91024.545.38$22,026
Feb 20012632,86827.755.77$23,838
Jan 20011792,89427.478.40$29,223
Dec 20001612,58326.889.12$27,891
Nov 20002542,92632.215.66$24,737
Oct 20001533,22331.235.15$21,362
Sep 20001673,15531.875.19$21,686
Aug 20002113,48529.644.54$22,079
Jul 20002123,13128.534.09$18,853
Jun 20001513,22429.304.40$18,601
May 20002343,28327.263.68$18,459
Apr 20002432,91924.513.12$15,052
Mar 20001553,04628.422.86$13,116
Feb 20002392,83327.622.73$14,325
Jan 20001842,84925.272.48$11,717
Dec 19992842,97724.282.42$14,111
Nov 19992312,93923.192.43$12,510
Oct 19992492,99420.982.80$13,618
Sep 19991892,85621.752.62$11,590
Aug 19992173,07619.262.88$13,025
Jul 19991793,08117.892.37$10,512
Jun 19992583,01815.942.36$11,241
May 19991723,17115.792.32$10,076
Apr 19992032,98715.102.21$9,661
Mar 19992843,14112.471.84$9,316
Feb 19991573,0079.981.82$7,033
Jan 19992453,08010.381.90$8,395
Dec 19982363,2229.201.77$7,885
Nov 19982313,20610.892.19$9,523
Oct 19982303,35812.421.97$9,469
Sep 19982093,38712.592.08$9,685
Aug 19982293,28211.301.91$8,848
Jul 19982153,43311.742.24$10,205
Jun 19982493,32911.242.24$10,247
May 19983053,45912.622.21$11,481
Apr 19982123,34813.042.51$11,152
Mar 19983243,42312.802.31$12,052
Feb 19982473,09113.952.30$10,552
Jan 19982373,44514.702.15$10,907
Dec 19972713,38216.322.41$12,577
Nov 19972573,41018.193.09$15,206
Oct 19972753,56719.253.15$16,529
Sep 19972333,53117.742.95$14,567
Aug 19973063,70817.862.55$14,938
Jul 19971803,62617.582.25$11,312
Jun 19972593,40717.242.26$12,155
May 19972253,23018.972.31$11,725
Apr 19972933,15617.882.08$11,812
Mar 19971693,28818.951.94$9,578
Feb 19972122,90020.492.21$10,741
Jan 19973273,36023.483.54$19,571
Dec 19961563,44523.32$3,638
Nov 19962533,50021.97$5,558
Oct 19962523,66523.31$5,874
Sep 19962383,57822.22$5,288
Aug 19962093,44920.26$4,234
Jul 19962013,71319.55$3,930
Jun 19962463,73818.73$4,608
May 19963733,87719.43$7,247
Apr 19961713,75721.51$3,678
Mar 19962583,87219.38$5,000
Feb 19963503,57916.98$5,943
Jan 19961743,87617.07$2,970
Dec 19952934,07617.19$5,037
Nov 19952364,04916.00$3,776
Oct 19952464,35215.43$3,796
Sep 19952704,24816.18$4,369
Aug 19953074,47815.92$4,887
Jul 19951814,34415.24$2,758
Jun 19952894,29316.41$4,742
May 19952964,37717.56$5,198
Apr 19953004,20017.73$5,319
Mar 19951884,38816.44$3,091
Feb 19952953,20916.58$4,891
Jan 19951873,49215.92$2,977
Dec 19941793,50515.03$2,690
Nov 19943033,40315.90$4,818
Oct 19941773,17015.58$2,758
Sep 19941763,58315.29$2,691
Aug 19941843,62516.13$2,968
Jul 19941763,61417.56$3,091
Jun 19941713,75217.09$2,922
May 19943043,47815.88$4,828
Apr 19941863,55114.14$2,630
Mar 19941813,63912.46$2,255
Feb 19941943,46712.50$2,425
Jan 19941923,71412.66$2,431
Dec 19931953,93112.33$2,404
Nov 19931793,88114.49$2,594
Oct 19931983,96315.85$3,138
Sep 19931884,07515.03$2,826
Aug 19931694,18515.66$2,647
Jul 19931884,08615.46$2,906
Jun 19931844,07416.79$3,089
May 19931873,26317.68$3,306
Apr 19931863,94918.05$3,357
Mar 19931874,12718.14$3,392
Feb 19931833,60817.90$3,276
Jan 19931863,94116.93$3,149

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.

Jan 2025 — as filed, then multipliedworked
Oil                  137 bbl  × $ 74.32 =    $10,182
Casinghead gas         0 Mcf  × $  4.28 =         $0

────────────────────────────────────────────────────
Month total                                  $10,182

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. 06/O/12722 is the state's own key, not one this site invented.