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 - Sep 2024
Total Oil Production2,684,636 BBLs
Total Gas Production5,035,474 MCF
Recent Oil Production7,052 BBLs in Aug 2024
Recent Gas Production84,316 MCF in Aug 2024
Wells on Property6

Our Valuation Estimates for Butte Unit

ShaleAssessment™

$122,436 *

MarketMultiple™

$1,615,754 **

* 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 Sep 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, TX4,021 BBLs12,728 MCFSep 2024
Billings UnitMidland County, TX14,730 BBLs79,227 MCFSep 2024
Blackfoot EastMidland County, TX59,424 BBLs144,706 MCFSep 2024
Blackfoot West UnitMidland County, TX7,650 BBLs85,809 MCFSep 2024
Bozeman UnitMidland County, TX13,288 BBLs109,939 MCFSep 2024
ChapsMidland County, TX0 BBLs0 MCFFeb 2023
D EvansMidland County, TX1,350 BBLs8,531 MCFSep 2024
Diamond Rio 9Midland County, TX56,163 BBLs239,396 MCFSep 2024
Estes Button 7Midland County, TX1,117 BBLs2,766 MCFSep 2024
Mask HZ UnitMidland County, TX18,221 BBLs39,507 MCFSep 2024
MB 10HMidland County, TX14,768 BBLs13,540 MCFSep 2024
MB 11HMidland County, TX18,516 BBLs19,308 MCFSep 2024
MB 12HMidland County, TX32,050 BBLs31,646 MCFSep 2024
MB 8HMidland County, TX11,817 BBLs17,664 MCFSep 2024
MB 9HMidland County, TX18,919 BBLs15,763 MCFSep 2024
Missoula UnitMidland County, TX20,776 BBLs121,442 MCFSep 2024
Moss Partnership '9'Midland County, TX170 BBLs860 MCFAug 2024
StephensMidland County, TX151,222 BBLs353,915 MCFSep 2024
Western T 8Midland County, TX1,263 BBLs1,807 MCFSep 2024
Whitefish UnitMidland County, TX11,658 BBLs42,340 MCFSep 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.
Vector Oil & Gas LP
XTO Energy Inc.

Owners of Butte Unit

Royalty Ownership data is obtained from public records
YearOwnerProperty NameOperatorPercentageInterest TypeAppraisal ValueLegal Desciption
2024DIAMONDBACK E&P LLC WIBUTTE UNITDIAMONDBACK E&P LLC
2024VIPER ENERGY PARTNERS LLCBUTTE UNITDIAMONDBACK E&P LLC
2024ANGUISH PARTNERSHIPBUTTE UNITDIAMONDBACK E&P LLC
2024EVANS RESOURCES INCBUTTE UNITDIAMONDBACK E&P LLC
2024D&J ANGUISH PROPERTIES LTDBUTTE UNITDIAMONDBACK E&P LLC
2024STONE LIQUIDATING LLCBUTTE UNITDIAMONDBACK E&P LLC
2024GRAYROCK MINERALS LLCBUTTE UNITDIAMONDBACK E&P LLC
2024BRIGHAM MINERALS LLCBUTTE UNITDIAMONDBACK E&P LLC
Displaying 8 of 100 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 UNITJul 2024VITOL INC.DIAMONDBACK E&P LLC
08-49336BUTTE UNITJul 2024DIAMONDBACK E&P LLCDIAMONDBACK E&P LLC
08-49336BUTTE UNITJul 2024ENLINK GAS MARKETING, LPDIAMONDBACK E&P LLC
08-49336BUTTE UNITJul 2024WTG GAS PROCESSING, L.P.DIAMONDBACK E&P LLC
08-49336BUTTE UNITJun 2024VITOL INC.DIAMONDBACK E&P LLC
08-49336BUTTE UNITJun 2024DIAMONDBACK E&P LLCDIAMONDBACK E&P LLC
08-49336BUTTE UNITJun 2024ENLINK GAS MARKETING, LPDIAMONDBACK E&P LLC
08-49336BUTTE UNITJun 2024WTG GAS PROCESSING, L.P.DIAMONDBACK E&P LLC
08-49336BUTTE UNITMay 2024VITOL INC.DIAMONDBACK E&P LLC
08-49336BUTTE UNITMay 2024DIAMONDBACK E&P LLCDIAMONDBACK E&P LLC
08-49336BUTTE UNITMay 2024ENLINK GAS MARKETING, LPDIAMONDBACK E&P LLC
08-49336BUTTE UNITMay 2024WTG GAS PROCESSING, L.P.DIAMONDBACK E&P LLC
08-49336BUTTE UNITApr 2024VITOL INC.DIAMONDBACK E&P LLC
08-49336BUTTE UNITApr 2024DIAMONDBACK E&P LLC
08-49336BUTTE UNITApr 2024BRAZOS MIDSTREAM OPERATING, LLCDIAMONDBACK E&P LLC
08-49336BUTTE UNITApr 2024DIAMONDBACK E&P LLCDIAMONDBACK E&P LLC
08-49336BUTTE UNITApr 2024ENLINK GAS MARKETING, LPDIAMONDBACK E&P LLC
08-49336BUTTE UNITMar 2024VITOL INC.DIAMONDBACK E&P LLC
08-49336BUTTE UNITMar 2024DIAMONDBACK E&P LLC
08-49336BUTTE UNITMar 2024BRAZOS MIDSTREAM OPERATING, LLCDIAMONDBACK E&P LLC
08-49336BUTTE UNITMar 2024DIAMONDBACK E&P LLCDIAMONDBACK E&P LLC
08-49336BUTTE UNITMar 2024ENLINK GAS MARKETING, LPDIAMONDBACK E&P LLC
08-49336BUTTE UNITFeb 2024VITOL INC.DIAMONDBACK E&P LLC
08-49336BUTTE UNITFeb 2024DIAMONDBACK E&P LLC
08-49336BUTTE UNITFeb 2024BRAZOS MIDSTREAM OPERATING, LLCDIAMONDBACK E&P LLC