BUTTERFLY
BUTTERFLY is a Texas oil lease in Ward County, Railroad Commission district 08, operated by Texon Oil Company, Inc. It has 16 wellbores on file with the Commission. Reported production runs from September 2005 to August 2026, totalling 576,705 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 $4.7M, with roughly $1.1M 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 1,402 barrels a month, about 88 per wellbore. Its strongest month on the record we hold was December 2016, at 2,679 barrels. In our own backtest, leases producing at this rate are forecast to within about 17% 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 BUTTERFLY
- Who operates BUTTERFLY?
- BUTTERFLY is operated by Texon Oil Company, Inc., Railroad Commission of Texas operator number 850648.
- Where is BUTTERFLY?
- BUTTERFLY is a Texas oil lease in Ward County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 37607.
- Is BUTTERFLY still producing?
- BUTTERFLY is currently producing. The most recent month of production reported to the Railroad Commission of Texas for BUTTERFLY is August 2026.
- How much has BUTTERFLY produced?
- BUTTERFLY has reported 576,705 barrels of oil (bbl) to the Railroad Commission of Texas between September 2005 and August 2026, from 16 wellbores.
- How much is BUTTERFLY worth?
- The remaining production from BUTTERFLY is estimated to be worth about $4.7M in total as of 26 August 2026, within a range of $3.9M to $5.5M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BUTTERFLY is a fraction of it. The estimate fits an Arps decline curve to the production BUTTERFLY has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for BUTTERFLY is an estimate of value, not an offer and not an appraisal.
- How much income does BUTTERFLY generate in a year?
- BUTTERFLY is forecast to net about $1.1M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in BUTTERFLY receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Texon Oil Company, Inc. |
|---|---|
| Field | Horned Toad (Delaware) |
| County | Ward County, Texas |
| RRC district | 08 |
| Lease number | 37607 |
| Wellbores | 16 |
| Reported production | 576,705 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $4.7M |
Where BUTTERFLY 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.