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Texas oil lease

Producing

BUFFALO NICKEL 04-16 1652

Buffalo Nickel 04-16 1652 is an oil lease in Midland County, Texas, operated by XTO Energy Inc. in the Spraberry (Trend Area) field.

1 well

40,113bbl oil, last 12 months−55% vs prior year
RRC lease
08-61718

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Where it sits

This county

Midland CountyMidlandMartinAndrewsGlasscockHowardEctorMidland County
Midland County
Gas, last 12 months
338,769 mcf
Oil in Jul 2026
2,778 bbl

Production by month

Oil output fell 55% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 55% over the last 12 monthsMonthly oil production and gas for BUFFALO NICKEL 04-16 1652, Feb 2024 to Jul 2026. Oil output fell 55% over the last 12 months. 40,113 bbl in the 12 months through Jul 2026, against 88,275 bbl in the 12 months before.Last 12 months: 40,113 bblbbl per monthmcf per month0010k20k20k40k30k60k40k80kApr 24JulOctJan 25AprJulOctJan 26AprJul
Oil output fell 55% over the last 12 monthsMonthly oil production and gas for BUFFALO NICKEL 04-16 1652, Feb 2024 to Jul 2026. Oil output fell 55% over the last 12 months. 40,113 bbl in the 12 months through Jul 2026, against 88,275 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month0010k20k20k40k30k60k40k80kJul 24Jan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

95% of the gas went to a processing plant in the last 12 months

  • Processing plant (3)
  • Lease fuel (1)
  • Flared (4)
95% of the gas went to a processing plant in the last 12 monthsShare of BUFFALO NICKEL 04-16 1652 gas by disposition code each month, Feb 2024 to Jul 2026. 95% 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
95% of the gas went to a processing plant in the last 12 monthsShare of BUFFALO NICKEL 04-16 1652 gas by disposition code each month, Feb 2024 to Jul 2026. 95% 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)

    95% · 320,495 mcf

  • Lease fuel (1)

    5.3% · 18,102 mcf

  • Flared (4)

    0.1% · 172 mcf

0.1% of the gas flared in the last 12 months. No month above 3%.

1 well on this lease

Wells on BUFFALO NICKEL 04-16 1652
API numberWell no.Status
42-329-459891652CHActive

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).

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.

Check your decimal on this lease
Permits for Buffalo Nickel 04-16 1652
API numberWell no.Acreson the permit
42-329-459891652CH3,304.40

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

Estimate your royalty

30 months, newest first

Ledger for BUFFALO NICKEL 04-16 1652
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20262,7782,82032,30630,6490$80.46$2.89
Jun 20263,2293,22435,79334,4030$84.81$3.15
May 20263,6513,64636,64435,2172$102.13$2.94
Apr 20264,2254,27735,16634,19357$100.32$2.77
Mar 20263,8953,89322,17021,287113$91.38$3.04
Feb 20265,0364,87819,89118,9270$64.51$3.62
Jan 202649894354330$60.04$7.72
Dec 20251,9241,96117,00415,6230$57.97$4.26
Nov 20253,3223,34430,34528,4890$60.06$3.79
Oct 20253,8553,84435,13832,6150$60.89$3.19
Sep 20253,8603,85435,44433,0570$63.96$2.97
Aug 20254,2894,30438,43335,6020$64.86$2.91
Jul 20254,5684,59141,46339,1060$68.39$3.20
Jun 20255,2465,22468,30166,9940$68.17$3.02
May 20254,5084,50639,88738,2770$62.17$3.12
Apr 20255,7305,74147,72045,6030$63.54$3.42
Mar 20255,9295,93144,04041,2250$68.24$4.12
Feb 20256,1726,18140,58837,9730$71.53$4.19
Jan 20256,9776,98336,04634,1240$75.74$4.13
Dec 20248,2498,24851,59349,6130$70.12$3.01
Nov 20248,2498,27747,97946,1520$69.95$2.12
Oct 20249,4639,44653,59551,9500$71.99$2.20
Sep 20249,96210,03238,71137,1470$70.24$2.28
Aug 202413,22213,27170,00368,4540$76.68$1.99
Jul 202415,48915,34265,48264,3950$81.80$2.07
Jun 20248,1108,17736,86136,7290$79.77$2.54
May 202418,86518,79865,88865,6490$80.02$2.12
Apr 202411,16811,22251,07350,8680$85.35$1.60
Mar 202421,32421,42538,52438,3480$81.28$1.49
Feb 202429,37429,11057,97357,6810$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

Spraberry (Trend Area) field

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