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Texas oil lease

Producing

RWT BUFFALO BAYOU 16-4 UNIT

RWT Buffalo Bayou 16-4 Unit is an oil lease in Upton County, Texas, operated by Chevron U. S. A. Inc. in the Spraberry (Trend Area) field.

3 wells

1,106,913bbl oil, since Dec 2025
Operator
Chevron U. S. A. Inc.
County
Upton County
Field
Spraberry (Trend Area)
RRC lease
7C-23394

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Where it sits

This county

Upton CountyUptonMidlandCraneGlasscockReaganEctorUpton County
Upton County
Gas, since Dec 2025
2,203,961 mcf
Oil in Jul 2026
81,190 bbl
First check

Production started December 2025; the first check is due by about April 30, 2026 (estimate).

When is my first royalty check due?

Production by month

Oil output fell 47% since Dec 2025

  • Oil (bars)
  • Gas (line)
Oil output fell 47% since Dec 2025Monthly oil production and gas for RWT BUFFALO BAYOU 16-4 UNIT, Dec 2025 to Jul 2026. Oil output fell 47% since Dec 2025. Monthly average of 92,599 bbl in the latest 3 months, against 174,712 bbl in the first 3.bbl per monthmcf per month0050k100k100k200k150k300k200k400k250k500kOct 25Jan 26AprJul
Oil output fell 47% since Dec 2025Monthly oil production and gas for RWT BUFFALO BAYOU 16-4 UNIT, Dec 2025 to Jul 2026. Oil output fell 47% since Dec 2025. Monthly average of 92,599 bbl in the latest 3 months, against 174,712 bbl in the first 3.bbl per monthmcf per month0050k100k100k200k150k300k200k400k250k500kJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

Over 99% of the gas went to a transmission line in the 8 months reported

  • Transmission line (2)
  • Lease fuel (1)
  • Flared (4)
Over 99% of the gas went to a transmission line in the 8 months reportedShare of RWT BUFFALO BAYOU 16-4 UNIT gas by disposition code each month, Dec 2025 to Jul 2026. Over 99% of the gas went to a transmission line in the 8 months reported.Share of the lease’s gas by disposition code, per month0%50%100%Oct 25Jan 26AprJul
Over 99% of the gas went to a transmission line in the 8 months reportedShare of RWT BUFFALO BAYOU 16-4 UNIT gas by disposition code each month, Dec 2025 to Jul 2026. Over 99% of the gas went to a transmission line in the 8 months reported.Share of gas by disposition code0%50%100%Jan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    100% · 2,202,683 mcf

  • Lease fuel (1)

    0.1% · 1,272 mcf

  • Flared (4)

    0.0% · 6 mcf

3 wells on this lease

Wells on RWT BUFFALO BAYOU 16-4 UNIT
API numberWell no.Status
42-461-429621501USActive
42-461-429631502WBActive
42-461-429661503LSActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%From
Plains Pipeline L.p.OilGathers100May 22, 2025
Chevron U. S. A. Inc.Casinghead gasBuys100May 22, 2025
Targa Pipeline Mid-Continent LLCCasinghead gasGathers100May 22, 2025

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

Who buys my oilOil price check

970.46 acres on the newest permit

  • Good to know

    The wells on this lease state different acreage

    The permits state between 505 and 970.46 acres. Use the acres from your own division order for the well you are paid on.

  • Good to know

    9 wells are listed on this lease

    Each well can have its own unit. The decimal for one well does not have to equal the decimal for another.

Check your decimal on this lease
Permits for RWT Buffalo Bayou 16-4 Unit
API numberWell no.Acreson the permit
42-461-430451504US970.46
42-461-430461505WB970.46
42-461-430471506LS970.46
42-461-430481507US970.46
42-461-430491508WB970.46
42-461-430501509LS970.46
42-461-429621501US970.46
42-461-429631502WB505
42-461-429661503LS970.46

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

Unit decimal checker

What Chevron Corporation told investors it received

Chevron U. S. A. Inc. is linked to Chevron Corporation (CVX).
Realized prices reported by Chevron Corporation
QuarterOil$ per bblFiling
Q2 2026$99.38SEC filing
Q2 2026$95.66SEC filing
Q1 2026$80.12SEC filing
Q1 2026$68.83SEC filing
Q4 2025–SEC filing
Q4 2025–SEC filing

SourceChevron Corporation quarterly reports, SEC EDGAR, company-wide averages before hedging.

Estimate your royalty

8 months, newest first

Ledger for RWT BUFFALO BAYOU 16-4 UNIT
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 202681,19081,306240,087239,9080$80.46$2.89
Jun 202687,49487,464269,220269,0424$84.81$3.15
May 2026109,112109,263309,243309,0620$102.13$2.94
Apr 2026128,954128,762347,183347,0070$100.32$2.77
Mar 2026176,028176,017392,334392,1490$91.38$3.04
Feb 2026196,427195,838320,017319,8592$64.51$3.62
Jan 2026224,477224,477230,464230,2430$60.04$7.72
Dec 2025103,231103,23195,41395,4130$57.97$4.26

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

OperatorChevron U. S. A. Inc.FieldSpraberry (Trend Area)CountyUpton County

Chevron U. S. A. Inc. in Upton County

No other producing leases from this operator in this county are in our data yet.

Spraberry (Trend Area) field

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