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Texas oil lease

Producing

BUFFALO NICKEL 04-16

Buffalo Nickel 04-16 is an oil lease in Midland County, Texas, operated by XTO Energy Inc. in the Spraberry (Trend Area) field.

1 well

37,716bbl oil, last 12 months−53% vs prior year
Operator
XTO Energy Inc.
County
Midland County
Field
Spraberry (Trend Area)
RRC lease
08-61717

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Where it sits

This county

Midland CountyMidlandMartinAndrewsGlasscockHowardEctorMidland County
Midland County
Gas, last 12 months
306,828 mcf
Oil in Jul 2026
2,768 bbl

Production by month

Oil output fell 53% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 53% over the last 12 monthsMonthly oil production and gas for BUFFALO NICKEL 04-16, Feb 2024 to Jul 2026. Oil output fell 53% over the last 12 months. 37,716 bbl in the 12 months through Jul 2026, against 79,792 bbl in the 12 months before.Last 12 months: 37,716 bblbbl per monthmcf per month005,00020k10k40k15k60k20k80k25k100kApr 24JulOctJan 25AprJulOctJan 26AprJul
Oil output fell 53% over the last 12 monthsMonthly oil production and gas for BUFFALO NICKEL 04-16, Feb 2024 to Jul 2026. Oil output fell 53% over the last 12 months. 37,716 bbl in the 12 months through Jul 2026, against 79,792 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month005,00020k10k40k15k60k20k80k25k100kJul 24Jan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

91% of the gas went to a processing plant in the last 12 months

  • Processing plant (3)
  • Lease fuel (1)
  • Flared (4)
91% of the gas went to a processing plant in the last 12 monthsShare of BUFFALO NICKEL 04-16 gas by disposition code each month, Feb 2024 to Jul 2026. 91% of the gas went to a processing plant in the last 12 months.Share of the lease’s gas by disposition code, per month0%50%100%Apr 24JulOctJan 25AprJulOctJan 26AprJul
91% of the gas went to a processing plant in the last 12 monthsShare of BUFFALO NICKEL 04-16 gas by disposition code each month, Feb 2024 to Jul 2026. 91% of the gas went to a processing plant in the last 12 months.Share of gas by disposition code0%50%100%Jul 24Jan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    91% · 279,593 mcf

  • Lease fuel (1)

    8.8% · 27,126 mcf

  • Flared (4)

    0.0% · 109 mcf

1 well on this lease

Wells on BUFFALO NICKEL 04-16
API numberWell no.Status
42-329-459871651CHActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%From
Energy Transfer CompanyOilGathers100Dec 3, 2024
Targa Pl Mid-Cont Westtex LLCCasinghead gasBuys100Dec 3, 2024
Targa Pl Mid-Cont Westtex LLCCasinghead gasGathers100Dec 3, 2024

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

Who buys my oilOil price check

3,304.40 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.

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Permits for Buffalo Nickel 04-16
API numberWell no.Acreson the permit
42-329-459871651CH3,304.40

SourceRailroad Commission drilling permits, Oct 3, 2026 (source 1, source 2).

Unit decimal checker

Estimate your royalty

30 months, newest first

Ledger for BUFFALO NICKEL 04-16
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20262,7682,80827,25924,6750$80.46$2.89
Jun 20263,1913,16225,65423,3060$84.81$3.15
May 20262,8402,83522,34719,7891$102.13$2.94
Apr 20263,2533,26926,24924,39240$100.32$2.77
Mar 20262,3952,39114,50312,85568$91.38$3.04
Feb 20263,0132,99418,51416,5000$64.51$3.62
Jan 20262,7622,75223,38521,5190$60.04$7.72
Dec 20253,0573,06525,35222,7470$57.97$4.26
Nov 20253,1363,15627,55525,7200$60.06$3.79
Oct 20253,6243,61430,72228,2170$60.89$3.19
Sep 20253,6423,63631,41329,0400$63.96$2.97
Aug 20254,0354,04533,87530,8330$64.86$2.91
Jul 20254,1194,13934,04031,1840$68.39$3.20
Jun 20254,6844,66255,58254,0390$68.17$3.02
May 20253,9243,92432,42130,3710$62.17$3.12
Apr 20255,0935,10441,12838,5530$63.54$3.42
Mar 20255,3315,33738,29435,5270$68.24$4.12
Feb 20255,7475,74535,46733,1480$71.53$4.19
Jan 20255,9225,93628,54026,5800$75.74$4.13
Dec 20247,6057,60242,19940,1270$70.12$3.01
Nov 20247,4637,49040,92639,2090$69.95$2.12
Oct 20248,6558,63645,43843,8210$71.99$2.20
Sep 20248,8568,92830,68728,7610$70.24$2.28
Aug 202412,39312,29741,26439,5600$76.68$1.99
Jul 20245,9206,03324,96724,5420$81.80$2.07
Jun 202415,77515,72879,23578,9520$79.77$2.54
May 202417,54417,51580,39080,0980$80.02$2.12
Apr 202413,76813,77064,68764,4270$85.35$1.60
Mar 202417,98418,06332,89332,7430$81.28$1.49
Feb 202424,02623,81052,66552,4000$77.25$1.72

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

OperatorXTO Energy Inc.FieldSpraberry (Trend Area)CountyMidland County

XTO Energy Inc. in Midland County

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Spraberry (Trend Area) field

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