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Texas oil lease

Producing

BUCHANAN W17B

Buchanan W17b is an oil lease in Midland County, Texas, operated by Pioneer Natural Res. USA, Inc. in the Spraberry (Trend Area) field.

1 well

82,434bbl oil, last 12 months
Operator
Pioneer Natural Res. USA, Inc.
County
Midland County
Field
Spraberry (Trend Area)
RRC lease
08-62168

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Where it sits

This county

Midland CountyMidlandMartinAndrewsGlasscockHowardEctorMidland County
Midland County
Gas, last 12 months
406,454 mcf
Oil in Jul 2026
4,661 bbl

Production by month

Oil output fell 75% since Oct 2024

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 75% since Oct 2024Monthly oil production and gas for BUCHANAN W17B, Oct 2024 to Jul 2026. Oil output fell 75% since Oct 2024. Monthly average of 5,220 bbl in the latest 3 months, against 20,938 bbl in the first 3.Last 12 months: 82,434 bblbbl per monthmcf per month0010k20k20k40k30k60k40k80kOct 24Jan 25AprJulOctJan 26AprJul
Oil output fell 75% since Oct 2024Monthly oil production and gas for BUCHANAN W17B, Oct 2024 to Jul 2026. Oil output fell 75% since Oct 2024. Monthly average of 5,220 bbl in the latest 3 months, against 20,938 bbl in the first 3.Last 12 monthsbbl per monthmcf per month0010k20k20k40k30k60k40k80kJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

Over 99% of the gas went to a processing plant in the last 12 months

Flaring peaked at 4.0% of the gas in Feb 2025.

  • Processing plant (3)
  • Lease fuel (1)
  • Flared (4)
Over 99% of the gas went to a processing plant in the last 12 monthsShare of BUCHANAN W17B gas by disposition code each month, Oct 2024 to Jul 2026. Over 99% of the gas went to a processing plant in the last 12 months. Flaring peaked at 4.0% of the gas in Feb 2025.Share of the lease’s gas by disposition code, per month0%50%100%Flared 4.0%Oct 24Jan 25AprJulOctJan 26AprJul
Over 99% of the gas went to a processing plant in the last 12 monthsShare of BUCHANAN W17B gas by disposition code each month, Oct 2024 to Jul 2026. Over 99% of the gas went to a processing plant in the last 12 months. Flaring peaked at 4.0% of the gas in Feb 2025.Share of gas by disposition code0%50%100%Flared 4.0%Jan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    100% · 405,525 mcf

  • Lease fuel (1)

    0.1% · 500 mcf

  • Flared (4)

    0.1% · 429 mcf

0.1% of the gas flared in the last 12 months. 2 months above 3%.

1 well on this lease

Wells on BUCHANAN W17B
API numberWell no.Status
42-329-467342HActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%From
Medallion Operating Company, LLCOilGathers100Oct 11, 2024
Phillips 66 Dos Picos LLCCasinghead gasBuys100Oct 11, 2024
Phillips 66 Dos Picos LLCCasinghead gasGathers100Oct 11, 2024

SourceRailroad Commission Form P-4 file, Sep 24, 2026 (source).

Who buys my oilOil price check

774.11 acres on the newest permit

  • Worth asking

    An allocation well is on this lease

    A well drilled across several tracts shares its production by an allocation formula, so the decimal is not always your acres over the unit acres. Ask the operator for the allocation formula and the tract factor for your land.

  • Worth asking

    A Rule 37 case is listed

    The RRC permit records list a Rule 37 case. This does not establish your royalty share. Ask for the permit and unit plat for your well.

Check your decimal on this lease
Permits for Buchanan W17b
API numberWell no.Acreson the permit
42-329-467342H774.11

SourceRailroad Commission drilling permits, Sep 26, 2026 (source 1, source 2).

Unit decimal checker

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22 months, newest first

Ledger for BUCHANAN W17B
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20264,6614,68229,12929,0922$80.46$2.89
Jun 20264,4364,42029,88729,8530$84.81$3.15
May 20266,5636,57034,19334,1530$102.13$2.94
Apr 20265,7335,75130,54930,5061$100.32$2.77
Mar 20267,2317,22438,88138,8200$91.38$3.04
Feb 20265,7775,78126,00525,760203$64.51$3.62
Jan 20265,8835,87632,00231,827133$60.04$7.72
Dec 20257,5437,54334,04433,97727$57.97$4.26
Nov 20257,5427,54732,69732,60750$60.06$3.79
Oct 20258,7188,69537,40937,3663$60.89$3.19
Sep 20259,1609,16037,90137,8565$63.96$2.97
Aug 20259,1879,23043,75743,7085$64.86$2.91
Jul 202512,37412,35644,49344,35790$68.39$3.20
Jun 202514,00214,07547,74747,67032$68.17$3.02
May 202515,27115,20151,51650,857611$62.17$3.12
Apr 202517,36117,45245,66744,6131,006$63.54$3.42
Mar 202521,81721,76252,13950,7291,363$68.24$4.12
Feb 202521,78321,76939,66638,0261,595$71.53$4.19
Jan 202529,53729,52837,84636,6581,144$75.74$4.13
Dec 202431,29731,28531,50131,40362$70.12$3.01
Nov 202423,42423,37622,41722,212176$69.95$2.12
Oct 20248,0928,0718,3668,250100$71.99$2.20

Flared above 3%

SourceTexas Railroad Commission Production Data Query, through Jul 2026. Prices: EIA, through Aug 2026. Updated Oct 2, 2026.

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Nearby

This lease belongs to

OperatorPioneer Natural Res. USA, Inc.FieldSpraberry (Trend Area)CountyMidland County

Pioneer Natural Res. USA, Inc. in Midland County

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Spraberry (Trend Area) field

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