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Texas oil lease

Producing

BUTTE UNIT

Butte Unit is an oil lease in Midland County, Texas, operated by Diamondback E&P LLC in the Spraberry (Trend Area) field.

6 wells

55,113bbl oil, last 12 months−31% vs prior year
Operator
Diamondback E&P LLC
County
Midland County
Field
Spraberry (Trend Area)
RRC lease
08-49336

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Where it sits

This county

Midland CountyMidlandMartinAndrewsGlasscockHowardEctorMidland County
Midland County
Gas, last 12 months
692,459 mcf
Oil in Jul 2026
3,623 bbl

Production by month

Oil output fell 31% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 31% over the last 12 monthsMonthly oil production and gas for BUTTE UNIT, Aug 2023 to Jul 2026. Oil output fell 31% over the last 12 months. 55,113 bbl in the 12 months through Jul 2026, against 80,222 bbl in the 12 months before.Last 12 months: 55,113 bblbbl per monthmcf per month005,00025k10k50k15k75k20k100kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 31% over the last 12 monthsMonthly oil production and gas for BUTTE UNIT, Aug 2023 to Jul 2026. Oil output fell 31% over the last 12 months. 55,113 bbl in the 12 months through Jul 2026, against 80,222 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month005,00025k10k50k15k75k20k100kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

99% of the gas went to a transmission line in the last 12 months

Flaring peaked at 3.1% of the gas in Aug 2025.

  • Transmission line (2)
  • Lease fuel (1)
  • Flared (4)
99% of the gas went to a transmission line in the last 12 monthsShare of BUTTE UNIT gas by disposition code each month, Aug 2023 to Jul 2026. 99% of the gas went to a transmission line in the last 12 months. Flaring peaked at 3.1% of the gas in Aug 2025.Share of the lease’s gas by disposition code, per month0%50%100%Flared 3.1%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
99% of the gas went to a transmission line in the last 12 monthsShare of BUTTE UNIT gas by disposition code each month, Aug 2023 to Jul 2026. 99% of the gas went to a transmission line in the last 12 months. Flaring peaked at 3.1% of the gas in Aug 2025.Share of gas by disposition code0%50%100%Flared 3.1%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    99% · 685,367 mcf

  • Lease fuel (1)

    0.7% · 5,057 mcf

  • Flared (4)

    0.3% · 2,035 mcf

0.3% of the gas flared in the last 12 months. One month above 3%.

6 wells on this lease

Wells on BUTTE UNIT
API numberWell no.Status
42-329-40716804LSShut-in
42-329-40717804WAActive
42-329-40718R804LSActive
42-329-41765815MSActive
42-329-41766805WBActive
42-329-42520804WBActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Eastex Crude CompanyOilGathers50Feb 1, 2023–
Oryx Midland Oil Gathering LLCOilGathers50May 20, 2022–
Eastex Crude Company, LLCOilGathers50Jan 1, 2023Feb 1, 2023
Eastex Crude CompanyOilGathers50May 20, 2022Jan 1, 2023
Oryx Midland Oil Gathering LLCOilGathers100Apr 1, 2020May 20, 2022
Enlink North Texas Gathering, LPCasinghead gasGathers60Jul 1, 2019Apr 1, 2020
Wtg Gas Processing, L.p.Casinghead gasGathers40Jul 1, 2019Apr 1, 2020
Coronado Midstream LLCCasinghead gasBuys60Jul 1, 2019Apr 1, 2020

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

Who buys my oilOil price check

320 acres on the newest permit

Permits for Butte Unit
API numberWell no.Acreson the permit
42-329-42520804WB320
42-329-41765815MS320
42-329-41766805WB320
42-329-40716804LS320
42-329-40717804WA320
42-329-40718R804LS320

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

Unit decimal checker

What Diamondback Energy, Inc. told investors it received

Diamondback E&P LLC is linked to Diamondback Energy, Inc. (FANG).
Realized prices reported by Diamondback Energy, Inc.
QuarterOil$ per bblFiling
Q2 2026$96.82SEC filing
Q1 2026$73.47SEC filing
Q4 2025$58.00SEC filing
Q3 2025$64.60SEC filing
Q2 2025$63.23SEC filing
Q1 2025$70.95SEC filing

SourceDiamondback Energy, Inc. quarterly reports, SEC EDGAR, company-wide averages before hedging.

Estimate your royalty

36 months, newest first

Ledger for BUTTE UNIT
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20263,6233,65139,90139,5760$80.46$2.89
Jun 20263,3093,36852,84152,4390$84.81$3.15
May 20263,9433,94059,02058,5550$102.13$2.94
Apr 20263,7593,71050,50750,1240$100.32$2.77
Mar 20264,7724,75753,08552,6880$91.38$3.04
Feb 20264,8624,90957,05656,6580$64.51$3.62
Jan 20265,6175,62459,18558,7460$60.04$7.72
Dec 20254,8554,79959,19458,7490$57.97$4.26
Nov 20253,5843,60663,53863,1000$60.06$3.79
Oct 20254,9144,94769,21668,7340$60.89$3.19
Sep 20255,3995,39762,88762,4580$63.96$2.97
Aug 20256,4766,45066,02963,5402,035$64.86$2.91
Jul 20254,8374,78957,91357,4930$68.39$3.20
Jun 20254,0984,10562,31161,9020$68.17$3.02
May 20254,4764,52071,17270,7300$62.17$3.12
Apr 20255,9745,96179,30478,8690$63.54$3.42
Mar 20256,0456,08476,85376,4850$68.24$4.12
Feb 20256,3766,29974,15873,8160$71.53$4.19
Jan 20257,7527,78784,46384,0760$75.74$4.13
Dec 20247,4847,48783,37382,9930$70.12$3.01
Nov 20248,1948,19489,78389,3830$69.95$2.12
Oct 20249,1669,15295,57995,1690$71.99$2.20
Sep 20248,7688,84789,15888,7610$70.24$2.28
Aug 20247,0527,08884,31683,9200$76.68$1.99
Jul 202410,52410,45993,25392,8150$81.80$2.07
Jun 202410,24310,23286,33185,8990$79.77$2.54
May 202410,90510,87683,13982,6260$80.02$2.12
Apr 202410,52310,59371,90171,4510$85.35$1.60
Mar 202411,68211,66162,73562,2830$81.28$1.49
Feb 202411,52111,47655,15454,7970$77.25$1.72
Jan 202413,16213,23259,29958,9220$74.15$3.18
Dec 202313,86613,87065,08964,6760$71.90$2.52
Nov 202310,76210,70461,15460,7950$77.69$2.71
Oct 202312,80612,83769,06568,6830$85.64$2.98
Sep 202313,22613,21266,02565,6530$89.43$2.64
Aug 202314,66314,65570,41270,0190$81.39$2.58

Flared above 3%

SourceTexas Railroad Commission Production Data Query, through Jul 2026. Prices: EIA, through Aug 2026. Updated Sep 28, 2026.

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This lease belongs to

OperatorDiamondback E&P LLCFieldSpraberry (Trend Area)CountyMidland County

Diamondback E&P LLC in Midland County

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