The home side had the better of the chances in the Scottish Premiership clash in Paisley, but Hibs held firm and Butcher is confident he has a solid foundation to build on at Easter Road.
He said: "Satisfactory is a good word, it was very satisfactory for me.
"It's a good solid start as far as we are concerned. We got a clean-sheet and we got the ball forward well.
"I thought we dominated in the second half and just couldn't get that goal that the Hibs fans were craving.
"I thought they were going to suck it into the net at one stage but it didn't quite go in.
"I'm delighted because we didn't know what to expect, we didn't know what we were going to get.
"But I thought, the more the game went on, the more cohesive they became, the more the understanding was there, the more we played in St Mirren's half.
"We wanted to give ourselves a platform and a foundation to work on and we certainly started that today."
Liam Craig was handed the skipper's armband for the match, a role which will be a permanent one in place of James McPake under Butcher.
Butcher said: "I wanted to see if Liam wanted the job and he said it's a fantastic honour. I thought he responded well today, he was terrific.
"James has got injury problems. We looked at him this week to play but he has a recurrence of his back injury.
"I felt that Liam is going to be out there more times than not. I like my captain in the centre of the action, either at centre-half or a midfield player.
"He's experienced, he's well-respected by the fans and the players and he leads by example."
St Mirren boss Danny Lennon was pleased with his players for matching the commitment shown by Hibs.
He said: "We knew that Hibs would be fighting and would bring a lot of energy and would be scrapping for a lot of balls.
"I thought the energy that Hibs brought was fantastic, you could tell the reaction of a new manager coming in.
"Boys want to go out and there and impress and you could see they were playing for that jersey.
"But I was absolutely delighted that we more than matched that today.
"I thought we had the better chances of the match but they didn't go in for us. It was a very valuable and hard-fought point for us."