BUTLER
BUTLER is a Texas oil lease in Milam County, Railroad Commission district 01, operated by C S J, Inc. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 5,474 barrels. The lease is intermittent. 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 $21K, with roughly $4K 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 5 barrels a month. Its strongest month on the record we hold was September 2022, at 27 barrels. In our own backtest, leases producing at this rate are forecast to within about 100% 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
- Who operates BUTLER?
- BUTLER is operated by C S J, Inc., Railroad Commission of Texas operator number 121073.
- Where is BUTLER?
- BUTLER is a Texas oil lease in Milam County, Texas, in Railroad Commission district 01. Its Railroad Commission lease number is 10195.
- Is BUTLER still producing?
- BUTLER is intermittent. The most recent month of production reported to the Railroad Commission of Texas for BUTLER is August 2026.
- How much has BUTLER produced?
- BUTLER has reported 5,474 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is BUTLER worth?
- The remaining production from BUTLER is estimated to be worth about $21K in total as of 26 August 2026, within a range of $0 to $42K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BUTLER is a fraction of it. The estimate fits an Arps decline curve to the production BUTLER has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for BUTLER is an estimate of value, not an offer and not an appraisal.
- How much income does BUTLER generate in a year?
- BUTLER is forecast to net about $4K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in BUTLER receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | C S J, Inc. |
|---|---|
| Field | Milbur (Navarro) |
| County | Milam County, Texas |
| RRC district | 01 |
| Lease number | 10195 |
| Wellbores | 1 |
| Reported production | 5,474 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $21K |
Where BUTLER 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.