BUTLER, L. L.
BUTLER, L. L. is a Texas oil lease in Andrews County, Railroad Commission district 08, operated by Cross Timbers Operating Company. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 305,829 barrels. The lease is currently producing. Fitting a decline curve to that history and pricing the remaining production at today's forward curve values the whole lease — a 100% undivided interest — at about $861K, with roughly $260K expected over the next twelve months. An individual royalty owner receives their own decimal interest times that figure. Over the last twelve months on file it averaged 403 barrels a month. Its strongest month on the record we hold was January 2025, at 1,082 barrels. In our own backtest, leases producing at this rate are forecast to within about 22% of what they went on to produce, and that measured error is the range shown on the page rather than a confidence of our own devising.
Key facts about BUTLER, L. L.
- Who operates BUTLER, L. L.?
- BUTLER, L. L. is operated by Cross Timbers Operating Company, Railroad Commission of Texas operator number 190468.
- Where is BUTLER, L. L.?
- BUTLER, L. L. is a Texas oil lease in Andrews County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 01979.
- Is BUTLER, L. L. still producing?
- BUTLER, L. L. is currently producing. The most recent month of production reported to the Railroad Commission of Texas for BUTLER, L. L. is August 2026.
- How much has BUTLER, L. L. produced?
- BUTLER, L. L. has reported 305,829 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is BUTLER, L. L. worth?
- The remaining production from BUTLER, L. L. is estimated to be worth about $861K in total as of 26 August 2026, within a range of $672K to $1.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BUTLER, L. L. is a fraction of it. The estimate fits an Arps decline curve to the production BUTLER, L. L. has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for BUTLER, L. L. is an estimate of value, not an offer and not an appraisal.
- How much income does BUTLER, L. L. generate in a year?
- BUTLER, L. L. is forecast to net about $260K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in BUTLER, L. L. receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Cross Timbers Operating Company |
|---|---|
| Field | Glasco (Devonian) |
| County | Andrews County, Texas |
| RRC district | 08 |
| Lease number | 01979 |
| Wellbores | 1 |
| Reported production | 305,829 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $861K |
Where BUTLER, L. L. sits
Source: Railroad Commission of Texas lease production records, complete through . Figures on this page were computed on .
Production figures are as reported to the Railroad Commission of Texas. The value shown is an estimate produced by fitting a decline curve to that reported history; it is not an offer or an appraisal. How this estimate is calculated.