BUTTERCUP
BUTTERCUP is a Texas oil lease in Howard County, Railroad Commission district 08, operated by SM Energy Company. It has 5 wellbores on file with the Commission. Reported production runs from June 2019 to August 2026, totalling 2,497,551 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 $37.9M, with roughly $11.2M 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 17,614 barrels a month, about 3,523 per wellbore. Its strongest month on the record we hold was January 2023, at 146,131 barrels. In our own backtest, leases producing at this rate are forecast to within about 18% 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 BUTTERCUP
- Who operates BUTTERCUP?
- BUTTERCUP is operated by SM Energy Company, Railroad Commission of Texas operator number 788997.
- Where is BUTTERCUP?
- BUTTERCUP is a Texas oil lease in Howard County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 52680.
- Is BUTTERCUP still producing?
- BUTTERCUP is currently producing. The most recent month of production reported to the Railroad Commission of Texas for BUTTERCUP is August 2026.
- How much has BUTTERCUP produced?
- BUTTERCUP has reported 2,497,551 barrels of oil (bbl) to the Railroad Commission of Texas between June 2019 and August 2026, from 5 wellbores.
- How much is BUTTERCUP worth?
- The remaining production from BUTTERCUP is estimated to be worth about $37.9M in total as of 26 August 2026, within a range of $31.1M to $44.7M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BUTTERCUP is a fraction of it. The estimate fits an Arps decline curve to the production BUTTERCUP has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for BUTTERCUP is an estimate of value, not an offer and not an appraisal.
- How much income does BUTTERCUP generate in a year?
- BUTTERCUP is forecast to net about $11.2M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in BUTTERCUP receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | SM Energy Company |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Howard County, Texas |
| RRC district | 08 |
| Lease number | 52680 |
| Wellbores | 5 |
| Reported production | 2,497,551 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $37.9M |
Where BUTTERCUP 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.