Butchee 2

Oil & Gas Property in Martin County, TX

Property Summary

Key data points for Butchee 2

CountyMartin County, TX
OperatorOVINTIV USA INC.
Production DatesDec 2008 - Jan 2024
Total Oil Production572,443 BBLs
Total Gas Production484,304 MCF
Recent Oil Production2,211 BBLs in Dec 2023
Recent Gas Production1,124 MCF in Dec 2023
Wells on Property10

Our Valuation Estimates for Butchee 2

ShaleAssessment

$168,558 *

MarketMultiple

$211,075 **

* Assessment based on future expected revenue
** Based on a 36 month multiple of average monthly estimated revenue

Based on a decimal interest

Butchee 2 Production Graph

Aggregated production of all wells and leases associated with this property
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to oil and gas production for Butchee 2
from Dec 2008 to Jan 2024

Wells on Butchee 2

API #Well NameOperatorStatusCountyEst. Daily Oil Prod.Est. Daily Gas Prod.Est. Daily Water Prod.LatitudeLongitude
42-317-35329BUTCHEE 21 1OVINTIV USA INC.ProducingMartin County, TX32.481885-101.816263
42-317-35382BUTCHEE 22A 1OVINTIV USA INC.ProducingMartin County, TX32.485494-101.799672
42-317-35577BUTCHEE 22B 4OVINTIV USA INC.ProducingMartin County, TX32.476602-101.805675
42-317-36088BUTCHEE 21 2OVINTIV USA INC.ProducingMartin County, TX32.480084-101.824547
42-317-36556BUTCHEE 21 3OVINTIV USA INC.ProducingMartin County, TX32.479301-101.810984
42-317-36685BUTCHEE 21 5OVINTIV USA INC.ProducingMartin County, TX32.477488-101.819285
42-317-37341BUTCHEE 21 6OVINTIV USA INC.ProducingMartin County, TX32.480990-101.820402
42-317-37960BUTCHEE 21 8OVINTIV USA INC.ProducingMartin County, TX32.483312-101.812280
42-317-38161BUTCHEE 21 4OVINTIV USA INC.ProducingMartin County, TX32.476583-101.823429
42-317-38657BUTCHEE 21 7OVINTIV USA INC.ProducingMartin County, TX32.478394-101.815129

Leases included in Butchee 2

Lease #Lease NameOperatorCountyMonthly Oil Prod.Monthly Gas Prod.
08-39147BUTCHEE "21"OVINTIV USA INC.Martin County, TX
08-39275BUTCHEE "22A"OVINTIV USA INC.Martin County, TX
08-41154BUTCHEE "22B"OVINTIV USA INC.Martin County, TX
08-42113BUTCHEE "21"OVINTIV USA INC.Martin County, TX

Nearby Properties

These are the closest 20 properties to the Butchee 2 property.

Property NameLocationOil Prod.Gas Prod.Prod. Period
Blackgoldeneye 13-1Martin County, TX109,505 BBLs69,926 MCFJan 2024
BondMartin County, TX32 BBLs165 MCFJan 2024
CaveMartin County, TX487 BBLs302 MCFJan 2024
CookMartin County, TX1,793 BBLs0 MCFJan 2024
Durward 25Martin County, TX333 BBLs157 MCFJan 2024
Dyer-KilgoreMartin County, TX14,993 BBLs31,314 MCFJan 2024
Gary Lamb 14Martin County, TX53 BBLs36 MCFJan 2024
GreenMartin County, TX191 BBLs38 MCFJan 2024
Gustav 25Martin County, TX844 BBLs883 MCFJan 2024
JeffcoatMartin County, TX34 BBLs168 MCFJan 2024
Lady Bird 22-14Martin County, TX4,291 BBLs467 MCFJan 2024
LanghamMartin County, TX0 BBLs0 MCFJan 2018
Lonesome DoveMartin County, TX3,094 BBLs9,166 MCFJan 2024
Martin BettyMartin County, TX159 BBLs0 MCFJan 2024
MiddletonMartin County, TX124 BBLs0 MCFJan 2024
NicholsMartin County, TX202 BBLs0 MCFJan 2024
RufusMartin County, TX1,844 BBLs0 MCFJan 2024
Thirsty GoatMartin County, TX17,794 BBLs22,653 MCFJan 2024
Walker Unit 16-20Martin County, TX5,559 BBLs1,620 MCFJan 2024
Webb MaryMartin County, TX390 BBLs852 MCFJan 2024

Owners of Butchee 2

Royalty Ownership data is obtained from public records
YearOwnerProperty NameOperatorPercentageInterest TypeAppraisal ValueLegal Desciption
2023PETROLEGACY ENERGY II LLCBUTCHEE "21"PETROLEGACY ENERGY
2023PETROLEGACY ENERGY II LLCBUTCHEE "21"PETROLEGACY ENERGY
2023BUTCHEE BONNIE MAE ESTATEBUTCHEE "21"PETROLEGACY ENERGY
2023BUTCHEE BONNIE MAE ESTATEBUTCHEE "21"PETROLEGACY ENERGY
2023BUTCHEE J G ETATEBUTCHEE "21"PETROLEGACY ENERGY
2023BUTCHEE J G ETATEBUTCHEE "21"PETROLEGACY ENERGY
2023BELVEDERE OPERATING LLCBUTCHEE "21"PETROLEGACY ENERGY
2023BELVEDERE OPERATING LLCBUTCHEE "21"PETROLEGACY ENERGY
Displaying 8 of 42 Owners   --   Full Ownership Data Available for Subscribers Only

Oil & Gas Sales on Butchee 2

Lease #Lease NameReporting PeriodProductVolumeValueGross PricePurchaserProducer
Lease #Lease NameReporting PeriodProductOil VolumeOil ValueCalculated Oil PricePurchaserProducer
08-39147BUTCHEE "21"Nov 2023OVINTIV USA INC.
08-39147BUTCHEE "21"Nov 2023OVINTIV USA INC.OVINTIV USA INC.
08-39147BUTCHEE "21"Nov 2023OVINTIV USA INC.OVINTIV USA INC.
08-39275BUTCHEE "22A"Nov 2023OVINTIV USA INC.OVINTIV USA INC.
08-41154BUTCHEE "22B"Nov 2023OVINTIV USA INC.OVINTIV USA INC.
08-42113BUTCHEE "21"Nov 2023OVINTIV USA INC.
08-42113BUTCHEE "21"Nov 2023OVINTIV USA INC.OVINTIV USA INC.
08-42113BUTCHEE "21"Nov 2023OVINTIV USA INC.OVINTIV USA INC.
08-39147BUTCHEE "21"Oct 2023OVINTIV USA INC.
08-39147BUTCHEE "21"Oct 2023OVINTIV USA INC.OVINTIV USA INC.
08-39147BUTCHEE "21"Oct 2023OVINTIV USA INC.OVINTIV USA INC.
08-39275BUTCHEE "22A"Oct 2023OVINTIV USA INC.OVINTIV USA INC.
08-41154BUTCHEE "22B"Oct 2023OVINTIV USA INC.OVINTIV USA INC.
08-42113BUTCHEE "21"Oct 2023OVINTIV USA INC.
08-42113BUTCHEE "21"Oct 2023OVINTIV USA INC.OVINTIV USA INC.
08-42113BUTCHEE "21"Oct 2023OVINTIV USA INC.OVINTIV USA INC.
08-39147BUTCHEE "21"Sep 2023OVINTIV USA INC.OVINTIV USA INC.
08-39275BUTCHEE "22A"Sep 2023OVINTIV USA INC.OVINTIV USA INC.
08-41154BUTCHEE "22B"Sep 2023OVINTIV USA INC.OVINTIV USA INC.
08-39147BUTCHEE "21"Aug 2023OVINTIV USA INC.
08-39147BUTCHEE "21"Aug 2023OVINTIV USA INC.OVINTIV USA INC.
08-39147BUTCHEE "21"Aug 2023OVINTIV USA INC.OVINTIV USA INC.
08-39275BUTCHEE "22A"Aug 2023OVINTIV USA INC.OVINTIV USA INC.
08-41154BUTCHEE "22B"Aug 2023OVINTIV USA INC.OVINTIV USA INC.
08-42113BUTCHEE "21"Aug 2023OVINTIV USA INC.OVINTIV USA INC.