BUTTS

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

Operated by WISE PRODUCTION COMPANY (P-5 933825) in the BUTTS (CONGL.) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 118856District 09Field 14062300CondensateGasSave Export

Value, all time

$827 k

Jan 1993 – Jun 2017

Value, last 12 filed months

$10 k

at the published price for each month

Months reported

294

no gaps in the span

Streams

condensate, gas

The BUTTS (CONGL.) 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 6 leases and 7 wells, and the rule below applies to all of them.

Discovered

1985-09-25

as the register files it

Field class

Oil and gas

the register's own label

Between wells

—

no field rule filed

From a lease line

—

no field rule filed

The Commission's schedule remark for this field reads: “ALLOCATION FORMULA EFFECTIVE 09/01/86.”

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
Condensate	Disposition	326 bbl	$26,667
Gas	Production	217,484 Mcf	$800,133
Total			$826,800

49,539 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 33.4203, -98.0832. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

33.42027, -98.08317 · 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

5,920 ft

1 wells filed one

Completion to plug

31.8 years

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 5,920 ft.

Completions filed

Sep 1985

1 of 1 wells

Plug dates filed

Jun 2017

1 of 1 wells

Last completion to plug: a median of 31.8 years across the 1 well that filed both dates, with the middle half between 31.8 years and 31.8 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-23736885	1	5,920 ft	Sep 1985	Jun 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 (294)

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

294 months


Jun 2017	0	0	42.49	3.09	$0
May 2017	44	0	45.37	3.26	$1,996
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	159	48.76	3.72	$592
Nov 2016	0	609	42.49	2.64	$1,610
Oct 2016	0	530	46.19	3.09	$1,638
Sep 2016	0	292	41.55	3.10	$905
Aug 2016	0	471	41.44	2.92	$1,377
Jul 2016	0	619	41.62	2.92	$1,810
Jun 2016	0	583	45.35	2.69	$1,566
May 2016	0	271	42.52	1.99	$540
Apr 2016	0	439	36.56	1.99	$874
Mar 2016	0	600	33.01	1.79	$1,076
Feb 2016	0	473	26.47	2.06	$976
Jan 2016	0	41	27.35	2.36	$97
Dec 2015	0	1	32.36	2.00	$2
Nov 2015	0	229	38.79	2.17	$496
Oct 2015	0	249	43.55	2.43	$604
Sep 2015	0	445	42.99	2.76	$1,228
Aug 2015	0	450	40.16	2.87	$1,293
Jul 2015	0	441	48.15	2.95	$1,299
Jun 2015	0	489	56.15	2.88	$1,410
May 2015	0	507	55.21	2.96	$1,498
Apr 2015	0	445	49.82	2.71	$1,204
Mar 2015	0	530	42.89	2.93	$1,555
Feb 2015	0	479	44.66	2.98	$1,426
Jan 2015	0	521	43.43	3.10	$1,615
Dec 2014	0	530	54.69	3.59	$1,903
Nov 2014	0	518	70.46	4.25	$2,202
Oct 2014	0	494	78.30	3.90	$1,927
Sep 2014	0	508	86.16	4.05	$2,055
Aug 2014	0	531	89.39	4.04	$2,143
Jul 2014	150	533	96.56	4.18	$16,712
Jun 2014	0	510	98.16	4.74	$2,416
May 2014	0	522	94.73	4.73	$2,467
Apr 2014	0	519	95.94	4.81	$2,496
Mar 2014	0	520	95.89	5.06	$2,630
Feb 2014	0	500	97.40	6.19	$3,096
Jan 2014	0	602	90.40	4.86	$2,926
Dec 2013	0	73	91.82	4.35	$318
Nov 2013	0	344	88.85	3.74	$1,286
Oct 2013	0	367	97.42	3.78	$1,387
Sep 2013	0	437	104.11	3.72	$1,625
Aug 2013	0	486	104.25	3.52	$1,712
Jul 2013	0	450	102.52	3.72	$1,673
Jun 2013	0	352	94.40	3.93	$1,385
May 2013	0	0	94.83	4.15	$0
Apr 2013	0	0	93.96	4.28	$0
Mar 2013	0	424	93.62	3.91	$1,659
Feb 2013	0	493	91.23	3.42	$1,686
Jan 2013	0	92	91.60	3.42	$315
Dec 2012	0	452	86.77	3.42	$1,546
Nov 2012	0	543	86.95	3.62	$1,968
Oct 2012	0	387	89.38	3.40	$1,316
Sep 2012	0	544	94.67	2.92	$1,588
Aug 2012	0	600	92.66	2.91	$1,745
Jul 2012	0	584	85.13	3.02	$1,764
Jun 2012	0	447	79.82	2.52	$1,126
May 2012	0	447	91.61	2.49	$1,112
Apr 2012	0	574	101.65	2.00	$1,146
Mar 2012	0	586	105.05	2.22	$1,302
Feb 2012	0	525	101.10	2.57	$1,349
Jan 2012	0	589	98.09	2.73	$1,610
Dec 2011	0	600	96.87	3.24	$1,944
Nov 2011	0	588	95.72	3.31	$1,947
Oct 2011	0	606	84.98	3.65	$2,211
Sep 2011	0	600	83.62	3.99	$2,391
Aug 2011	0	619	83.40	4.15	$2,568
Jul 2011	0	624	94.14	4.52	$2,819
Jun 2011	0	578	92.90	4.64	$2,682
May 2011	0	442	98.13	4.40	$1,947
Apr 2011	0	543	105.96	4.33	$2,353
Mar 2011	0	417	96.36	4.06	$1,692
Feb 2011	0	522	85.64	4.18	$2,182
Jan 2011	0	478	86.50	4.59	$2,193
Dec 2010	0	498	85.73	4.35	$2,165
Nov 2010	85	474	80.84	3.80	$8,670
Oct 2010	0	693	78.10	3.51	$2,432
Sep 2010	0	540	72.63	3.98	$2,149
Aug 2010	0	570	73.68	4.42	$2,519
Jul 2010	0	650	72.55	4.74	$3,079
Jun 2010	0	524	70.36	4.91	$2,573
May 2010	0	504	71.12	4.24	$2,135
Apr 2010	32	341	81.69	4.12	$4,020
Mar 2010	0	176	78.39	4.39	$772
Feb 2010	0	302	73.58	5.44	$1,644
Jan 2010	0	391	74.36	5.96	$2,332
Dec 2009	0	533	71.44	5.48	$2,923
Nov 2009	0	692	74.59	3.75	$2,596
Oct 2009	0	730	72.54	4.11	$3,000
Sep 2009	0	725	65.54	3.06	$2,222
Aug 2009	0	694	67.42	3.22	$2,234
Jul 2009	0	716	61.13	3.46	$2,481
Jun 2009	0	718	66.16	3.90	$2,797
May 2009	0	738	54.74	3.93	$2,897
Apr 2009	15	694	46.77	3.59	$3,191
Mar 2009	0	720	42.14	4.06	$2,922
Feb 2009	0	647	32.81	4.63	$2,998
Jan 2009	0	761	35.86	5.37	$4,087
Dec 2008	0	760	37.10	5.98	$4,543
Nov 2008	0	725	55.49	6.86	$4,974
Oct 2008	0	760	75.24	6.92	$5,261
Sep 2008	0	667	101.76	7.88	$5,254
Aug 2008	0	687	114.22	8.48	$5,828
Jul 2008	0	769	131.08	11.39	$8,758
Jun 2008	0	764	131.33	13.03	$9,957
May 2008	0	779	123.17	11.57	$9,016
Apr 2008	0	730	110.31	10.45	$7,632
Mar 2008	0	745	101.90	9.66	$7,200
Feb 2008	0	716	92.53	8.77	$6,280
Jan 2008	0	801	90.38	8.21	$6,573
Dec 2007	0	775	88.33	7.30	$5,659
Nov 2007	0	747	91.67	7.29	$5,447
Oct 2007	0	785	82.85	6.92	$5,434
Sep 2007	0	769	75.84	6.24	$4,802
Aug 2007	0	785	69.06	6.39	$5,015
Jul 2007	0	789	70.90	6.39	$5,040
Jun 2007	0	764	62.00	7.55	$5,767
May 2007	0	786	58.74	7.85	$6,167
Apr 2007	0	758	59.61	7.81	$5,916
Mar 2007	0	782	56.92	7.30	$5,710
Feb 2007	0	715	55.10	8.22	$5,874
Jan 2007	0	773	50.30	6.73	$5,200
Dec 2006	0	788	56.65	6.92	$5,452
Nov 2006	0	740	54.20	7.62	$5,637
Oct 2006	0	812	54.90	6.01	$4,883
Sep 2006	0	801	60.08	5.04	$4,035
Aug 2006	0	827	68.71	7.34	$6,070
Jul 2006	0	828	69.37	6.34	$5,252
Jun 2006	0	786	66.28	6.38	$5,018
May 2006	0	841	66.01	6.42	$5,403
Apr 2006	0	807	64.39	7.36	$5,940
Mar 2006	0	593	56.70	7.08	$4,200
Feb 2006	0	713	57.59	7.75	$5,527
Jan 2006	0	825	60.59	8.93	$7,370
Dec 2005	0	802	54.94	13.42	$10,759
Nov 2005	0	783	54.69	10.59	$8,291
Oct 2005	0	862	58.34	13.80	$11,892
Sep 2005	0	824	61.45	12.08	$9,953
Aug 2005	0	657	61.51	9.80	$6,437
Jul 2005	0	68	55.69	7.84	$533
Jun 2005	0	728	52.33	7.38	$5,373
May 2005	0	976	45.22	6.65	$6,492
Apr 2005	0	915	49.20	7.36	$6,735
Mar 2005	0	875	50.37	7.15	$6,261
Feb 2005	0	843	45.22	6.31	$5,321
Jan 2005	0	931	43.16	6.32	$5,886
Dec 2004	0	1,023	39.86	6.75	$6,906
Nov 2004	0	967	45.28	6.33	$6,122
Oct 2004	0	1,030	49.70	6.52	$6,711
Sep 2004	0	1,016	43.24	5.28	$5,368
Aug 2004	0	1,067	42.37	5.55	$5,923
Jul 2004	0	1,081	38.28	6.08	$6,577
Jun 2004	0	1,037	36.10	6.43	$6,671
May 2004	0	1,143	37.48	6.49	$7,423
Apr 2004	0	812	34.47	5.86	$4,757
Mar 2004	0	1,010	34.36	5.53	$5,585
Feb 2004	0	985	32.45	5.51	$5,427
Jan 2004	0	666	32.03	6.30	$4,196
Dec 2003	0	805	30.26	6.30	$5,073
Nov 2003	0	231	28.80	4.60	$1,061
Oct 2003	0	461	28.17	4.76	$2,194
Sep 2003	0	832	26.31	4.75	$3,951
Aug 2003	0	902	29.76	5.13	$4,627
Jul 2003	0	1,037	29.41	5.17	$5,362
Jun 2003	0	1,038	28.56	5.98	$6,210
May 2003	0	1,136	26.59	5.97	$6,785
Apr 2003	0	1,030	26.67	5.41	$5,570
Mar 2003	0	1,021	31.14	6.10	$6,224
Feb 2003	0	818	33.48	7.93	$6,483
Jan 2003	0	1,012	30.31	5.58	$5,649
Dec 2002	0	959	26.91	4.85	$4,655
Nov 2002	0	961	24.66	4.14	$3,976
Oct 2002	0	1,027	26.46	4.23	$4,343
Sep 2002	0	1,054	27.44	3.64	$3,832
Aug 2002	0	986	25.96	3.16	$3,120
Jul 2002	0	969	24.58	3.06	$2,967
Jun 2002	0	969	23.73	3.34	$3,235
May 2002	0	767	24.66	3.58	$2,749
Apr 2002	0	766	23.65	3.51	$2,690
Mar 2002	0	1,011	22.00	3.10	$3,137
Feb 2002	0	950	18.22	2.38	$2,257
Jan 2002	0	939	17.17	2.38	$2,231
Dec 2001	0	1,063	16.93	2.36	$2,513
Nov 2001	0	1,061	18.07	2.41	$2,552
Oct 2001	0	1,060	19.78	2.53	$2,681
Sep 2001	0	1,069	24.26	2.25	$2,407
Aug 2001	0	1,068	24.87	3.05	$3,261
Jul 2001	0	1,123	23.93	3.20	$3,590
Jun 2001	0	1,094	24.56	3.82	$4,184
May 2001	0	1,108	25.52	4.31	$4,773
Apr 2001	0	1,043	24.68	5.34	$5,565
Mar 2001	0	1,143	24.54	5.38	$6,145
Feb 2001	0	983	27.75	5.77	$5,669
Jan 2001	0	1,042	27.47	8.40	$8,752
Dec 2000	0	1,051	26.88	9.12	$9,588
Nov 2000	0	961	32.21	5.66	$5,437
Oct 2000	0	946	31.23	5.15	$4,868
Sep 2000	0	909	31.87	5.19	$4,715
Aug 2000	0	915	29.64	4.54	$4,155
Jul 2000	0	967	28.53	4.09	$3,955
Jun 2000	0	790	29.30	4.40	$3,474
May 2000	0	760	27.26	3.68	$2,797
Apr 2000	0	756	24.51	3.12	$2,356
Mar 2000	0	177	28.42	2.86	$506
Feb 2000	0	895	27.62	2.73	$2,440
Jan 2000	0	916	25.27	2.48	$2,272
Dec 1999	0	988	24.28	2.42	$2,395
Nov 1999	0	986	23.19	2.43	$2,400
Oct 1999	0	1,032	20.98	2.80	$2,893
Sep 1999	0	619	21.75	2.62	$1,621
Aug 1999	0	1,031	19.26	2.88	$2,965
Jul 1999	0	1,037	17.89	2.37	$2,460
Jun 1999	0	899	15.94	2.36	$2,124
May 1999	0	832	15.79	2.32	$1,931
Apr 1999	0	1,070	15.10	2.21	$2,363
Mar 1999	0	1,101	12.47	1.84	$2,024
Feb 1999	0	1,100	9.98	1.82	$2,000
Jan 1999	0	1,100	10.38	1.90	$2,090
Dec 1998	0	1,106	9.20	1.77	$1,961
Nov 1998	0	1,116	10.89	2.19	$2,439
Oct 1998	0	1,149	12.42	1.97	$2,263
Sep 1998	0	1,073	12.59	2.08	$2,235
Aug 1998	0	744	11.30	1.91	$1,419
Jul 1998	0	1,255	11.74	2.24	$2,808
Jun 1998	0	1,137	11.24	2.24	$2,544
May 1998	0	1,198	12.62	2.21	$2,643
Apr 1998	0	1,017	13.04	2.51	$2,548
Mar 1998	0	731	12.80	2.31	$1,688
Feb 1998	0	645	13.95	2.30	$1,483
Jan 1998	0	645	14.70	2.15	$1,390
Dec 1997	0	685	16.32	2.41	$1,652
Nov 1997	0	230	18.19	3.09	$710
Oct 1997	0	231	19.25	3.15	$728
Sep 1997	0	36	17.74	2.95	$106
Aug 1997	0	29	17.86	2.55	$74
Jul 1997	0	58	17.58	2.25	$130
Jun 1997	0	202	17.24	2.26	$456
May 1997	0	182	18.97	2.31	$420
Apr 1997	0	405	17.88	2.08	$844
Mar 1997	0	969	18.95	1.94	$1,879
Feb 1997	0	799	20.49	2.21	$1,763
Jan 1997	0	730	23.48	3.54	$2,584
Dec 1996	0	856	23.32	—	$0
Nov 1996	0	758	21.97	—	$0
Oct 1996	0	1,074	23.31	—	$0
Sep 1996	0	568	22.22	—	$0
Aug 1996	0	970	20.26	—	$0
Jul 1996	0	199	19.55	—	$0
Jun 1996	0	387	18.73	—	$0
May 1996	0	928	19.43	—	$0
Apr 1996	0	750	21.51	—	$0
Mar 1996	0	964	19.38	—	$0
Feb 1996	0	891	16.98	—	$0
Jan 1996	0	1,072	17.07	—	$0
Dec 1995	0	1,067	17.19	—	$0
Nov 1995	0	540	16.00	—	$0
Oct 1995	0	749	15.43	—	$0
Sep 1995	0	1,158	16.18	—	$0
Aug 1995	0	594	15.92	—	$0
Jul 1995	0	671	15.24	—	$0
Jun 1995	0	583	16.41	—	$0
May 1995	0	839	17.56	—	$0
Apr 1995	0	1,069	17.73	—	$0
Mar 1995	0	1,159	16.44	—	$0
Feb 1995	0	373	16.58	—	$0
Jan 1995	0	705	15.92	—	$0
Dec 1994	0	969	15.03	—	$0
Nov 1994	0	1,264	15.90	—	$0
Oct 1994	0	1,233	15.58	—	$0
Sep 1994	0	643	15.29	—	$0
Aug 1994	0	913	16.13	—	$0
Jul 1994	0	977	17.56	—	$0
Jun 1994	0	1,533	17.09	—	$0
May 1994	0	1,764	15.88	—	$0
Apr 1994	0	1,140	14.14	—	$0
Mar 1994	0	979	12.46	—	$0
Feb 1994	0	1,163	12.50	—	$0
Jan 1994	0	1,369	12.66	—	$0
Dec 1993	0	1,333	12.33	—	$0
Nov 1993	0	1,606	14.49	—	$0
Oct 1993	0	1,793	15.85	—	$0
Sep 1993	0	1,186	15.03	—	$0
Aug 1993	0	1,259	15.66	—	$0
Jul 1993	0	1,339	15.46	—	$0
Jun 1993	0	1,268	16.79	—	$0
May 1993	0	1,259	17.68	—	$0
Apr 1993	0	1,302	18.05	—	$0
Mar 1993	0	1,310	18.14	—	$0
Feb 1993	0	1,407	17.90	—	$0
Jan 1993	0	1,606	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 2017 — as filed, then multipliedworked

Condensate            44 bbl  × $ 45.37 =     $1,996
Gas                    0 Mcf  × $  3.26 =         $0

────────────────────────────────────────────────────
Month total                                   $1,996

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. 09/G/118856 is the state's own key, not one this site invented.