BUTT

Operated by H & L EXPLORATION COMPANY, LLC (P-5 339771) in the PAN PETRO (CLEVELAND) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 8480District 10Field 68735120OilCasinghead gasSaveExport
Value, all time
$14.5 M
Jul 2010 – May 2026
Value, last 12 filed months
$551 k
at the published price for each month
Months reported
191
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 965 leases and 1,339 wells, and the rule below applies to all of them.

Discovered
1974-03-21
as the register files it
Field class
Oil and gas
the register's own label
Between wells
933 ft
minimum
From a lease line
330 ft
minimum

A drilling unit in this field needs at least 40 acres. The field rule took effect on 2011-04-18.

The Commission's schedule remark for this field reads: PRORATION ACRES PLATS ARE REQUIRED.

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
OilDisposition141,755 bbl$10,493,713
Casinghead gasProduction1,146,193 Mcf$3,968,359
Total$14,462,072

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 36.1073, -101.0599. A lease has no coordinate of its own — that point is the mean of its wells, and they span 1.2 miles.

36.10730, -101.05989 · 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 2 wells
With a plug date
0.0%
0 of 2 wells
Median depth
6,549 ft
2 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.
2100.0%

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 6,538 and 6,560 ft, median 6,549 ft, over the 2 wells that filed a depth.

Completions filed
Jul 2010 – Jul 2011
2 of 2 wells

2 wells

42-357329972H6,560 ftJul 2011
42-357329101H6,538 ftJul 2010

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 (191)

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

191 months

May 20265485,806106.413.05$75,997
Apr 20263655,04798.932.87$50,593
Mar 20265505,00189.753.15$65,113
Feb 20261744,48263.503.75$27,858
Jan 20263725,04359.138.00$62,330
Dec 20255483,77756.664.41$47,719
Nov 202505,20058.593.93$20,417
Oct 20255535,33959.383.30$50,482
Sep 20251875,26362.743.08$27,926
Aug 20253545,39763.933.01$38,902
Jul 20251835,53166.743.32$30,550
Jun 20255465,35866.483.13$53,062
May 20251905,58560.553.23$29,557
Apr 20251825,45262.363.54$30,667
Mar 20257335,89167.704.27$74,769
Feb 20253725,32670.884.34$49,487
Jan 20253515,84574.324.28$51,095
Dec 20243706,24868.993.12$45,029
Nov 20243755,65269.052.20$38,319
Oct 202402,19471.372.28$5,005
Sep 20241851,24969.612.36$15,831
Aug 20241873,38575.632.06$21,128
Jul 20243714,06679.932.15$38,382
Jun 20243734,01278.082.63$39,691
May 20241864,50478.812.20$24,560
Apr 20241864,20084.451.66$22,676
Mar 20245664,21180.301.55$51,956
Feb 20241914,13276.091.78$21,903
Jan 20243634,61073.023.30$41,708
Dec 202303,17571.262.61$8,289
Nov 20235514,44877.892.81$55,405
Oct 20231814,45285.443.09$29,209
Sep 20233744,73489.042.74$46,249
Aug 20233684,05080.522.67$40,457
Jul 20233654,37774.852.64$38,883
Jun 20233824,60568.962.26$36,743
May 20231884,19470.622.23$22,618
Apr 20231944,83278.122.24$25,968
Mar 20233834,36172.852.39$38,338
Feb 20233853,33775.112.47$37,145
Jan 20233834,01576.533.39$42,913
Dec 202204,19876.415.73$24,051
Nov 20223753,63385.005.65$52,388
Oct 20221824,29987.185.86$41,075
Sep 20223704,20084.888.16$65,693
Aug 20223744,30494.529.13$74,634
Jul 20223534,310101.587.54$68,364
Jun 20223674,357115.097.98$76,995
May 20221834,653109.378.43$59,254
Apr 20225524,163104.226.84$85,994
Mar 20221934,255108.885.08$42,614
Feb 20223814,15791.054.86$54,888
Jan 20223804,68081.844.54$52,336
Dec 20213834,92271.323.90$46,507
Nov 20211884,65377.435.24$38,924
Oct 20215594,73779.795.71$71,669
Sep 20211854,32469.865.35$36,061
Aug 20215554,86166.024.22$57,157
Jul 20213645,16470.783.98$46,327
Jun 20213744,75669.493.38$42,067
May 20213584,92763.483.02$37,594
Apr 20217404,67260.362.76$57,554
Mar 20213664,95861.302.72$35,906
Feb 20211874,72657.805.55$37,028
Jan 20215564,77850.412.81$41,455
Dec 20201874,88844.642.68$21,425
Nov 20203694,67738.772.71$26,965
Oct 20203614,73436.972.48$25,079
Sep 20203695,07337.091.99$23,787
Aug 20205505,30039.982.39$34,630
Jul 20205485,26038.371.83$30,627
Jun 20201824,97434.901.69$14,759
May 20205435,18416.921.81$18,595
Apr 20201825,00814.751.80$11,721
Mar 20207275,42930.341.86$32,135
Feb 202005,21349.881.98$10,325
Jan 20205415,09357.252.09$41,641
Dec 20195275,56359.012.30$43,917
Nov 20195475,49055.302.75$45,350
Oct 20193665,63653.472.42$33,201
Sep 20193575,45955.052.66$34,159
Aug 20195475,80953.112.30$42,437
Jul 20193585,81456.272.46$34,447
Jun 20199145,79552.782.49$62,677
May 20191796,04758.482.74$27,039
Apr 20197315,92462.632.75$62,078
Mar 20197386,20656.803.06$60,922
Feb 20195605,51150.852.79$43,864
Jan 20193706,16846.033.23$36,943
Dec 20185605,96846.594.19$51,069
Nov 20183745,75752.934.24$44,190
Oct 20187475,83261.443.40$65,713
Sep 20183685,50859.543.11$39,030
Aug 20185585,43259.403.07$49,803
Jul 20187435,50465.142.93$64,536
Jun 20185585,52160.183.08$50,568
May 20185595,38165.382.90$52,157
Apr 20185565,54063.842.90$51,565
Mar 20185665,94061.222.79$51,204
Feb 20189275,15561.782.77$71,529
Jan 20185655,29962.874.01$56,767
Dec 20175555,64057.272.92$48,262
Nov 20175525,46655.423.12$47,637
Oct 20179155,56949.292.98$61,716
Sep 20171855,48847.523.09$25,734
Aug 20177385,78445.373.00$50,861
Jul 20177325,66943.873.09$49,615
Jun 20175495,64842.493.09$40,764
May 20179216,19345.373.26$61,996
Apr 20175495,57747.933.21$44,225
Mar 20177336,09046.772.98$52,453
Feb 20177384,81450.452.95$51,446
Jan 20177334,46149.413.42$51,469
Dec 20165366,08348.763.72$48,781
Nov 20169155,66242.492.64$53,851
Oct 20169135,92246.193.09$60,472
Sep 20161,0906,04441.553.10$64,030
Aug 20165466,30341.442.92$41,058
Jul 20169065,62541.622.92$54,157
Jun 20169066,39945.352.69$58,274
May 20161,0866,13342.521.99$58,388
Apr 20167275,61236.561.99$37,753
Mar 20161,1545,51033.011.79$47,979
Feb 20165785,07426.472.06$25,771
Jan 20161,1555,18927.352.36$43,858
Dec 20159565,27132.362.00$41,486
Nov 20157634,92038.792.17$40,260
Oct 20159464,87143.552.43$53,018
Sep 20159435,05942.992.76$54,494
Aug 20151,1445,28540.162.87$61,124
Jul 20153764,75248.152.95$32,099
Jun 20159454,90056.152.88$67,188
May 20151,1474,67655.212.96$77,146
Apr 20153634,66549.822.71$30,711
Mar 20157695,13242.892.93$48,043
Feb 20159593,93644.662.98$54,543
Jan 20155735,05943.433.10$40,571
Dec 20145773,97654.693.59$45,835
Nov 20149514,77970.464.25$87,327
Oct 20149585,29178.303.90$95,651
Sep 20147605,26486.164.05$86,777
Aug 20147605,03589.394.04$88,253
Jul 20149525,90296.564.18$116,593
Jun 20147615,94698.164.74$102,865
May 20149446,12994.734.73$118,394
Apr 20149465,83795.944.81$118,830
Mar 20149504,78895.895.06$115,307
Feb 20149455,35097.406.19$125,170
Jan 20141,1546,12590.404.86$134,094
Dec 20131,1476,16491.824.35$132,159
Nov 20137636,49588.853.74$92,073
Oct 20137577,01997.423.78$100,274
Sep 20131,5126,670104.113.72$182,212
Aug 20131,1296,904104.253.52$142,018
Jul 20139376,764102.523.72$121,208
Jun 20137546,72294.403.93$97,618
May 20131,3197,29594.834.15$155,348
Apr 20131,1416,35393.964.28$134,416
Mar 20131,3256,94393.623.91$151,214
Feb 20137636,17291.233.42$90,716
Jan 20131,5237,15191.603.42$163,963
Dec 20127707,74686.773.42$93,305
Nov 20129517,75486.953.62$110,797
Oct 20121,7408,21589.383.40$183,450
Sep 20121,1497,75894.672.92$131,417
Aug 20121,3258,75292.662.91$148,227
Jul 20121,1408,78385.133.02$123,580
Jun 20121,8818,41079.822.52$171,327
May 20121,8519,76691.612.49$193,871
Apr 20121,3149,124101.652.00$151,787
Mar 20121,8709,724105.052.22$218,051
Feb 20121,32010,399101.102.57$160,180
Jan 20122,84611,83498.092.73$311,519
Dec 20111,72812,80996.873.24$208,889
Nov 20112,07513,11095.723.31$242,030
Oct 20113,07115,23184.983.65$316,544
Sep 20112,48314,51883.623.99$265,494
Aug 20113,21219,90183.404.15$350,456
Jul 20112,65515,08994.144.52$318,102
Jun 20117659,22192.904.64$113,853
May 20111,12712,88798.134.40$167,357
Apr 20111,57012,924105.964.33$222,361
Mar 20111,15113,04196.364.06$163,822
Feb 20111,5507,97185.644.18$166,061
Jan 20111,13911,51886.504.59$151,377
Dec 20101,54411,07185.734.35$180,501
Nov 20101,52410,43580.843.80$162,804
Oct 20101,7098,91378.103.51$164,748
Sep 20102,0637,75072.633.98$180,677
Aug 20102,5346,69773.684.42$216,302
Jul 201001,12272.554.74$5,314

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 2026 — as filed, then multipliedworked
Oil                  548 bbl  × $106.41 =    $58,313
Casinghead gas     5,806 Mcf  × $  3.05 =    $17,684

────────────────────────────────────────────────────
Month total                                  $75,997

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. 10/O/8480 is the state's own key, not one this site invented.