BUTTS, SAVANNAH
BUTTS, SAVANNAH is a Texas oil lease in Rusk County, Railroad Commission district 6E, operated by Smith, P. T. It has 3 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 5,141 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 $161K, with roughly $31K 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 47 barrels a month, about 16 per wellbore. Its strongest month on the record we hold was December 2022, at 160 barrels. In our own backtest, leases producing at this rate are forecast to within about 45% 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 BUTTS, SAVANNAH
- Who operates BUTTS, SAVANNAH?
- BUTTS, SAVANNAH is operated by Smith, P. T., Railroad Commission of Texas operator number 794650.
- Where is BUTTS, SAVANNAH?
- BUTTS, SAVANNAH is a Texas oil lease in Rusk County, Texas, in Railroad Commission district 6E. Its Railroad Commission lease number is 06441.
- Is BUTTS, SAVANNAH still producing?
- BUTTS, SAVANNAH is currently producing. The most recent month of production reported to the Railroad Commission of Texas for BUTTS, SAVANNAH is August 2026.
- How much has BUTTS, SAVANNAH produced?
- BUTTS, SAVANNAH has reported 5,141 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 3 wellbores.
- How much is BUTTS, SAVANNAH worth?
- The remaining production from BUTTS, SAVANNAH is estimated to be worth about $161K in total as of 27 August 2026, within a range of $88K to $233K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BUTTS, SAVANNAH is a fraction of it. The estimate fits an Arps decline curve to the production BUTTS, SAVANNAH has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for BUTTS, SAVANNAH is an estimate of value, not an offer and not an appraisal.
- How much income does BUTTS, SAVANNAH generate in a year?
- BUTTS, SAVANNAH is forecast to net about $31K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in BUTTS, SAVANNAH receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Smith, P. T. |
|---|---|
| Field | East Texas |
| County | Rusk County, Texas |
| RRC district | 6E |
| Lease number | 06441 |
| Wellbores | 3 |
| Reported production | 5,141 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $161K |
Where BUTTS, SAVANNAH 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.