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Texas oil lease

Producing

BUFFALO NICKEL 04-16 1654

Buffalo Nickel 04-16 1654 is an oil lease in Midland County, Texas, operated by XTO Energy Inc. in the Spraberry (Trend Area) field.

1 well

56,296bbl oil, last 12 months−49% vs prior year
RRC lease
08-61720

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Where it sits

This county

Midland CountyMidlandMartinAndrewsGlasscockHowardEctorMidland County
Midland County
Gas, last 12 months
445,431 mcf
Oil in Jul 2026
3,977 bbl

Production by month

Oil output fell 49% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 49% over the last 12 monthsMonthly oil production and gas for BUFFALO NICKEL 04-16 1654, Feb 2024 to Jul 2026. Oil output fell 49% over the last 12 months. 56,296 bbl in the 12 months through Jul 2026, against 109,321 bbl in the 12 months before.Last 12 months: 56,296 bblbbl per monthmcf per month0010k25k20k50k30k75k40k100kApr 24JulOctJan 25AprJulOctJan 26AprJul
Oil output fell 49% over the last 12 monthsMonthly oil production and gas for BUFFALO NICKEL 04-16 1654, Feb 2024 to Jul 2026. Oil output fell 49% over the last 12 months. 56,296 bbl in the 12 months through Jul 2026, against 109,321 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month0010k25k20k50k30k75k40k100kJul 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 1654 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 1654 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% · 425,155 mcf

  • Lease fuel (1)

    4.5% · 20,066 mcf

  • Flared (4)

    0.0% · 210 mcf

1 well on this lease

Wells on BUFFALO NICKEL 04-16 1654
API numberWell no.Status
42-329-459881654CHActive

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 1654
API numberWell no.Acreson the permit
42-329-459881654CH3,304.40

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

Estimate your royalty

30 months, newest first

Ledger for BUFFALO NICKEL 04-16 1654
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20263,9774,02737,87135,7550$80.46$2.89
Jun 20264,3614,34038,74536,9340$84.81$3.15
May 20264,4604,43939,85538,1292$102.13$2.94
Apr 20264,6224,66137,83836,53361$100.32$2.77
Mar 20263,8173,80829,02127,653147$91.38$3.04
Feb 20264,7114,68330,33028,6880$64.51$3.62
Jan 20264,3474,33036,86335,3640$60.04$7.72
Dec 20254,7994,80234,33532,2950$57.97$4.26
Nov 20254,4944,53533,56832,1530$60.06$3.79
Oct 20255,6655,63742,72940,9370$60.89$3.19
Sep 20255,1545,14938,59536,9670$63.96$2.97
Aug 20255,8895,91145,68143,7470$64.86$2.91
Jul 20256,3846,40556,47754,4250$68.39$3.20
Jun 20256,7956,75474,64473,4940$68.17$3.02
May 20255,3095,31943,28341,8170$62.17$3.12
Apr 20257,4947,51157,10155,2650$63.54$3.42
Mar 20257,9017,89952,51950,1060$68.24$4.12
Feb 20257,9167,92448,33246,5500$71.53$4.19
Jan 20258,7418,73744,17342,7430$75.74$4.13
Dec 20249,6229,62864,72762,9540$70.12$3.01
Nov 202410,11810,16454,51552,7690$69.95$2.12
Oct 202412,28512,26565,75464,2050$71.99$2.20
Sep 202413,04913,08348,27246,8090$70.24$2.28
Aug 202413,70713,77656,46654,8190$76.68$1.99
Jul 202417,09417,10972,48171,0720$81.80$2.07
Jun 202422,25722,26780,20179,9150$79.77$2.54
May 202433,00932,81795,19894,8520$80.02$2.12
Apr 202411,85511,91660,29160,0490$85.35$1.60
Mar 202423,14923,19243,28643,0890$81.28$1.49
Feb 202424,47624,25653,00552,7380$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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