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THUNDER VALLEY 240B UNIT

Operated by THREE SPAN OIL & GAS, INC. (P-5 857911) in the GARDEN CITY, S. (WOLFCAMP) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 53961District 08Field 33998500Hydrogen sulphide fieldOilCasinghead gasSaveExport
Value, all time
$27.2 M
Jan 2020 – May 2026
Value, last 12 filed months
$2.1 M
at the published price for each month
Months reported
77
no gaps in the span
Streams
2
oil, casinghead gas

The GARDEN CITY, S. (WOLFCAMP) field

The Railroad Commission's own record for the field this lease produces from, including the spacing rule that governs how close together its wells may be drilled.

These are facts about the field, not about this lease. The field holds 512 leases and 922 wells, and the rule below applies to all of them.

Discovered
1964-03-12
as the register files it
Field class
Oil and gas
the register's own label
Between wells
0 ft
minimum
From a lease line
330 ft
minimum

A drilling unit in this field needs at least 80 acres. The field rule took effect on 2014-05-22.

The register flags this field for hydrogen sulphide. That is a poisonous gas that occurs naturally in some formations. The flag is a property of the field as the Commission records it. It is not a measurement taken at this lease, and it is not a statement that gas is escaping anywhere.

The Commission's schedule remark for this field reads: “COMMINGLING FEE. GRANTED PER DOCKET #08-0287087.”

What this lease produced, and what it was worth

Oil and condensate are valued on the volume the state records as disposed of; gas and casinghead gas on the volume produced. They are different columns of different files, and the difference is not cosmetic.

StreamBasisVolumeValue
OilDisposition500,467 bbl$23,926,040
Casinghead gasProduction1,177,390 Mcf$3,240,259
Total$27,166,300

Every month this lease reported (77)

Volume × price = value, one row per cycle. The price columns are the same series published on the prices page — nothing here is modelled.

77 months

May 20264,09318,883106.413.05$493,051
Apr 20263,83421,29298.932.87$440,400
Mar 20262,2307,53489.753.15$223,870
Feb 20260063.503.75$0
Jan 20260059.138.00$0
Dec 20257233,84156.664.41$57,917
Nov 20252,0253,68358.593.93$133,106
Oct 20252,1924,53559.383.30$145,148
Sep 20252,0075,49062.743.08$142,811
Aug 20252,2184,30163.933.01$154,763
Jul 20252,0174,15966.743.32$148,403
Jun 20252,0203,61066.483.13$145,584
May 20251,6922,96460.553.23$112,031
Apr 20252,0063,17762.363.54$136,351
Mar 20251,6852,94167.704.27$126,628
Feb 20251,6882,46170.884.34$130,328
Jan 20252,0762,61874.324.28$165,490
Dec 20242,0282,88468.993.12$148,914
Nov 20241,8962,71569.052.20$136,888
Oct 20242,2022,97471.372.28$163,942
Sep 20241,8122,71569.612.36$132,553
Aug 20241,8452,75075.632.06$145,212
Jul 20242,0203,04279.932.15$167,989
Jun 20241,8322,85278.082.63$150,555
May 20241,1091,34378.812.20$90,353
Apr 20242,0222,87484.451.66$175,526
Mar 20242,2252,67980.301.55$182,807
Feb 20247532,04876.091.78$60,949
Jan 20241,3202,35373.023.30$104,146
Dec 20232,64515,27671.262.61$228,364
Nov 20231,2846,50377.892.81$118,268
Oct 20231,8422,40985.443.09$164,818
Sep 20231,463089.042.74$130,266
Aug 20232,0202,33880.522.67$168,900
Jul 20239171,52174.852.64$72,656
Jun 20237355768.962.26$50,814
May 20231,6361,88570.622.23$119,733
Apr 20231,4752,52278.122.24$120,871
Mar 20231,9832,53872.852.39$150,535
Feb 20231,2752,35875.112.47$101,579
Jan 20231,2811,81676.533.39$104,187
Dec 20221,84174176.415.73$144,916
Nov 20221,39498485.005.65$124,046
Oct 20221,64026087.185.86$144,500
Sep 20221,6347984.888.16$139,339
Aug 20221,26037694.529.13$122,527
Jul 20222,019568101.587.54$209,374
Jun 20221,313471115.097.98$154,870
May 20221,113810109.378.43$128,560
Apr 20225320104.226.84$55,445
Mar 202200108.885.08$0
Feb 20223,51612,70691.054.86$381,868
Jan 20226,15023,90481.844.54$611,785
Dec 20216,20119,13171.323.90$516,849
Nov 20216,95417,47777.435.24$629,973
Oct 20216,03919,34479.795.71$592,381
Sep 20215,85816,49569.865.35$497,503
Aug 20215,20118,71866.024.22$422,371
Jul 20214,18112,01070.783.98$343,756
Jun 20216,18315,99569.493.38$483,730
May 20218,51121,26763.483.02$604,455
Apr 20217,45519,23560.362.76$503,042
Mar 20213124,92261.302.72$32,498
Feb 20218,42238,87257.805.55$702,452
Jan 202115,11681,29150.412.81$990,447
Dec 202013,16758,50744.642.68$744,308
Nov 202013,87047,65938.772.71$666,732
Oct 202016,92462,52036.972.48$780,632
Sep 202019,63073,67837.091.99$874,773
Aug 202024,65474,47039.982.39$1,163,285
Jul 202026,41570,09838.371.83$1,141,481
Jun 202029,04165,66634.901.69$1,124,527
May 202035,99565,02316.921.81$727,036
Apr 202039,82858,50714.751.80$693,032
Mar 202045,03757,49130.341.86$1,473,139
Feb 202041,49656,17449.881.98$2,181,083
Jan 202019,439057.252.09$1,112,883

How to read this page

The arithmetic is one multiplication per stream per month. Here it is, worked, on a real row from the table above.

May 2026 — as filed, then multipliedworked
Oil                4,093 bbl  × $106.41 =   $435,536
Casinghead gas    18,883 Mcf  × $  3.05 =    $57,515

────────────────────────────────────────────────────
Month total                                 $493,051

The volumes are the state's, unchanged

Every barrel and every Mcf on this page is a number the Railroad Commission of Texas published in its monthly production query. Nothing is modelled, estimated or filled in.

The dollars are a multiplication, not a valuation

Volume × a published monthly price. It is not what the operator was paid: it takes no account of a contract, a differential, a transportation deduction, or the share any one owner holds.

Oil and gas are priced differently

Oil is a Texas realisation — the crude oil first purchase price. Gas is a benchmark, because no free Texas wellhead gas series exists at any date. The prices page publishes the difference rather than correcting it away.

A lease is not a well

The state reports oil on lease and gas on well, and this page is the lease grain. 08/O/53961 is the state's own key, not one this site invented.