Butte Unit

Oil & Gas Property in Midland County, TX

  2. Texas
  3. Midland County, TX
  4. Oil & Gas Properties in Midland County, TX
  5. Butte Unit Oil & Gas Property

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Property Summary

Key data points for Butte Unit

CountyMidland County, TX
OperatorDIAMONDBACK E&P LLC
Production DatesDec 2016 - Jan 2024
Total Oil Production2,584,538 BBLs
Total Gas Production4,331,185 MCF
Recent Oil Production13,866 BBLs in Dec 2023
Recent Gas Production65,089 MCF in Dec 2023
Wells on Property6

Our Valuation Estimates for Butte Unit

ShaleAssessment™

$180,244 *

MarketMultiple™

$2,087,733 **

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

Based on a decimal interest

Butte Unit Production Graph

Aggregated production of all wells and leases associated with this property
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to oil and gas production for Butte Unit
from Dec 2016 to Jan 2024

Wells on Butte Unit

API #Well NameOperatorStatusCountyEst. Daily Oil Prod.Est. Daily Gas Prod.Est. Daily Water Prod.LatitudeLongitude
42-329-40716BUTTE UNIT 804LSDIAMONDBACK E&P LLCShut InMidland County, TX32.060771-102.146640
42-329-40717BUTTE UNIT 804WADIAMONDBACK E&P LLCProducingMidland County, TX32.060793-102.146546
42-329-40718BUTTE UNIT R804LSDIAMONDBACK E&P LLCProducingMidland County, TX32.060815-102.146454
42-329-41765BUTTE UNIT 815MSDIAMONDBACK E&P LLCProducingMidland County, TX32.060527-102.147693
42-329-41766BUTTE UNIT 805WBDIAMONDBACK E&P LLCProducingMidland County, TX32.060548-102.147600
42-329-42520BUTTE UNIT 804WBDIAMONDBACK E&P LLCProducingMidland County, TX32.060291-102.148698

Leases included in Butte Unit

Lease #Lease NameOperatorCountyMonthly Oil Prod.Monthly Gas Prod.
08-49336BUTTE UNITDIAMONDBACK E&P LLCMidland County, TX

Nearby Properties

These are the closest 20 properties to the Butte Unit property.

Property NameLocationOil Prod.Gas Prod.Prod. Period
AldridgeMidland County, TX2,868 BBLs6,231 MCFJan 2024
BarronMidland County, TX1,037 BBLs2,078 MCFJan 2024
Billings UnitMidland County, TX18,465 BBLs84,465 MCFJan 2024
Blackfoot EastMidland County, TX42,415 BBLs76,464 MCFJan 2024
Blackfoot West UnitMidland County, TX11,391 BBLs121,900 MCFJan 2024
Bozeman UnitMidland County, TX14,125 BBLs77,789 MCFJan 2024
ChapsMidland County, TX0 BBLs0 MCFFeb 2023
D EvansMidland County, TX2,688 BBLs14,349 MCFJan 2024
Diamond Rio 9Midland County, TX96,479 BBLs315,164 MCFJan 2024
Estes Button 7Midland County, TX1,286 BBLs260 MCFJan 2024
MaskMidland County, TX606 BBLs2,234 MCFJan 2024
Mask HZ UnitMidland County, TX18,324 BBLs31,654 MCFJan 2024
Missoula UnitMidland County, TX31,904 BBLs134,768 MCFJan 2024
Moss Partnership '9'Midland County, TX546 BBLs882 MCFJan 2024
RobbieMidland County, TX3,042 BBLs6,361 MCFJan 2024
ScharbauerMidland County, TX0 BBLs0 MCFApr 2022
Smith-Hughes '9'Midland County, TX0 BBLs0 MCFJan 2023
StephensMidland County, TX92,337 BBLs72,963 MCFJan 2024
Western T 8Midland County, TX1,104 BBLs2,465 MCFJan 2024
Whitefish UnitMidland County, TX7,492 BBLs42,460 MCFJan 2024

Companies in the Area

These are the closest 20 companies operating near the Butte Unit property.

Company Name
Barron Operating LLC
Bluestem Energy Holdings, LLC
COG Operating LLC
Diamondback E&P LLC
Endeavor Energy Resources, LP
Fasken Oil And Ranch, LTD.
Firebird Energy II LLC
Flying W Resources, LLC
Henry Resources LLC
Heritage Resources, Inc.
High Sky Partners LLC
Linn Operating, Inc.
Oxy USA Inc
Parsley Energy Operations, LLC
Petroplex Energy Inc.
Pioneer Natural Res. USA, Inc.
R K Petroleum Corp.
Rust Oil Corp.
Stephens, Autry C.
XTO Energy Inc.

Owners of Butte Unit

Royalty Ownership data is obtained from public records
YearOwnerProperty NameOperatorPercentageInterest TypeAppraisal ValueLegal Desciption
2023DIAMONDBACK E&P LLC WIBUTTE UNITDIAMONDBACK E&P LLC
2023VIPER ENERGY PARTNERS LLCBUTTE UNITDIAMONDBACK E&P LLC
2023ANGUISH PARTNERSHIPBUTTE UNITDIAMONDBACK E&P LLC
2023EVANS RESOURCES INCBUTTE UNITDIAMONDBACK E&P LLC
2023D&J ANGUISH PROPERTIES LTDBUTTE UNITDIAMONDBACK E&P LLC
2023STONE LIQUIDATING LLCBUTTE UNITDIAMONDBACK E&P LLC
2023GRAYROCK MINERALS LLCBUTTE UNITDIAMONDBACK E&P LLC
2023BRIGHAM MINERALS LLCBUTTE UNITDIAMONDBACK E&P LLC
Displaying 8 of 102 Owners   --   Full Ownership Data Available for Subscribers Only

Oil & Gas Sales on Butte Unit

Lease #Lease NameReporting PeriodProductVolumeValueGross PricePurchaserProducer
Lease #Lease NameReporting PeriodProductOil VolumeOil ValueCalculated Oil PricePurchaserProducer
08-49336BUTTE UNITNov 2023VITOL INC.DIAMONDBACK E&P LLC
08-49336BUTTE UNITNov 2023DIAMONDBACK E&P LLC
08-49336BUTTE UNITNov 2023BRAZOS MIDSTREAM OPERATING, LLCDIAMONDBACK E&P LLC
08-49336BUTTE UNITNov 2023DIAMONDBACK E&P LLCDIAMONDBACK E&P LLC
08-49336BUTTE UNITNov 2023ENLINK GAS MARKETING, LPDIAMONDBACK E&P LLC
08-49336BUTTE UNITOct 2023VITOL INC.DIAMONDBACK E&P LLC
08-49336BUTTE UNITOct 2023DIAMONDBACK E&P LLC
08-49336BUTTE UNITOct 2023BRAZOS MIDSTREAM OPERATING, LLCDIAMONDBACK E&P LLC
08-49336BUTTE UNITOct 2023DIAMONDBACK E&P LLCDIAMONDBACK E&P LLC
08-49336BUTTE UNITOct 2023ENLINK GAS MARKETING, LPDIAMONDBACK E&P LLC
08-49336BUTTE UNITSep 2023VITOL INC.DIAMONDBACK E&P LLC
08-49336BUTTE UNITSep 2023DIAMONDBACK E&P LLC
08-49336BUTTE UNITSep 2023BRAZOS MIDSTREAM OPERATING, LLCDIAMONDBACK E&P LLC
08-49336BUTTE UNITSep 2023DIAMONDBACK E&P LLCDIAMONDBACK E&P LLC
08-49336BUTTE UNITSep 2023ENLINK GAS MARKETING, LPDIAMONDBACK E&P LLC
08-49336BUTTE UNITAug 2023VITOL INC.DIAMONDBACK E&P LLC
08-49336BUTTE UNITAug 2023DIAMONDBACK E&P LLC
08-49336BUTTE UNITAug 2023BRAZOS MIDSTREAM OPERATING, LLCDIAMONDBACK E&P LLC
08-49336BUTTE UNITAug 2023DIAMONDBACK E&P LLCDIAMONDBACK E&P LLC
08-49336BUTTE UNITAug 2023ENLINK GAS MARKETING, LPDIAMONDBACK E&P LLC
08-49336BUTTE UNITJul 2023VITOL INC.DIAMONDBACK E&P LLC
08-49336BUTTE UNITJul 2023DIAMONDBACK E&P LLC
08-49336BUTTE UNITJul 2023BRAZOS MIDSTREAM OPERATING, LLCDIAMONDBACK E&P LLC
08-49336BUTTE UNITJul 2023DIAMONDBACK E&P LLCDIAMONDBACK E&P LLC
08-49336BUTTE UNITJul 2023ENLINK GAS MARKETING, LPDIAMONDBACK E&P LLC