BUDDY
BUDDY is a Texas gas lease in Wood County, Railroad Commission district 06, operated by Blackwell Exp & Development, LLC. It has 1 wellbore on file with the Commission. Reported production runs from December 2018 to August 2026, totalling 3,116,801 thousand cubic feet. 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 $4.2M, with roughly $912K 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 21,702 thousand cubic feet a month. Its strongest month on the record we hold was January 2019, at 55,989 thousand cubic feet. 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 BUDDY
- Who operates BUDDY?
- BUDDY is operated by Blackwell Exp & Development, LLC, Railroad Commission of Texas operator number 073342.
- Where is BUDDY?
- BUDDY is a Texas gas lease in Wood County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 287117.
- Is BUDDY still producing?
- BUDDY is currently producing. The most recent month of production reported to the Railroad Commission of Texas for BUDDY is August 2026.
- How much has BUDDY produced?
- BUDDY has reported 3,116,801 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between December 2018 and August 2026, from 1 wellbore.
- How much is BUDDY worth?
- The remaining production from BUDDY is estimated to be worth about $4.2M in total as of 26 August 2026, within a range of $3.4M to $4.9M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BUDDY is a fraction of it. The estimate fits an Arps decline curve to the production BUDDY has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for BUDDY is an estimate of value, not an offer and not an appraisal.
- How much income does BUDDY generate in a year?
- BUDDY is forecast to net about $912K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in BUDDY receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Blackwell Exp & Development, LLC |
|---|---|
| Field | Neuhoff (Cotton Valley SD) |
| County | Wood County, Texas |
| RRC district | 06 |
| Lease number | 287117 |
| Wellbores | 1 |
| Reported production | 3,116,801 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $4.2M |
Where BUDDY 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.