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Texas oil lease

Producing

NAIAD 15-03

Naiad 15-03 is an oil lease in Borden County, Texas, operated by Surge Operating, LLC in the Spraberry (Trend Area) field.

5 wells

94,402bbl oil, last 12 months
Operator
Surge Operating, LLC
County
Borden County
Field
Spraberry (Trend Area)
RRC lease
08-62645

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Where it sits

This county

Borden CountyBordenLynnGarzaKentScurryDawsonBorden County
Borden County
Gas, last 12 months
104,929 mcf
Oil in Jul 2026
27,885 bbl

Production by month

Oil output fell 40% since Sep 2024

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 40% since Sep 2024Monthly oil production and gas for NAIAD 15-03, Sep 2024 to Jul 2026. Oil output fell 40% since Sep 2024. Monthly average of 13,215 bbl in the latest 3 months, against 21,979 bbl in the first 3.Last 12 months: 94,402 bblbbl per monthmcf per month0010k10k20k20k30k30k40k40kOct 24Jan 25AprJulOctJan 26AprJul
Oil output fell 40% since Sep 2024Monthly oil production and gas for NAIAD 15-03, Sep 2024 to Jul 2026. Oil output fell 40% since Sep 2024. Monthly average of 13,215 bbl in the latest 3 months, against 21,979 bbl in the first 3.Last 12 monthsbbl per monthmcf per month0010k10k20k20k30k30k40k40kJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

Over 99% of the gas went to a processing plant in the last 12 months

Flaring peaked at 34.9% of the gas in Sep 2024.

  • Processing plant (3)
  • Flared (4)
Over 99% of the gas went to a processing plant in the last 12 monthsShare of NAIAD 15-03 gas by disposition code each month, Sep 2024 to Jul 2026. Over 99% of the gas went to a processing plant in the last 12 months. Flaring peaked at 34.9% of the gas in Sep 2024.Share of the lease’s gas by disposition code, per month0%50%100%Flared 34.9%Oct 24Jan 25AprJulOctJan 26AprJul
Over 99% of the gas went to a processing plant in the last 12 monthsShare of NAIAD 15-03 gas by disposition code each month, Sep 2024 to Jul 2026. Over 99% of the gas went to a processing plant in the last 12 months. Flaring peaked at 34.9% of the gas in Sep 2024.Share of gas by disposition code0%50%100%Flared 34.9%Jan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    100% · 104,687 mcf

  • Flared (4)

    0.2% · 242 mcf

0.2% of the gas flared in the last 12 months. 2 months above 3%.

5 wells on this lease

Wells on NAIAD 15-03
API numberWell no.Status
42-033-326961AHActive
42-033-326972AHActive
42-033-327593AHActive
42-033-327604AHActive
42-033-327615AHActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%From
Dk Trading & Supply, LLCOilGathers100Sep 20, 2024
Targa Midland LLCCasinghead gasBuys100Sep 20, 2024
Targa Midland LLCCasinghead gasGathers100Sep 20, 2024

SourceRailroad Commission Form P-4 file, Sep 24, 2026 (source).

Who buys my oilOil price check

1,603.98 acres on the newest permit

  • Good to know

    The wells on this lease state different acreage

    The permits state between 801.46 and 1,603.98 acres. Use the acres from your own division order for the well you are paid on.

Check your decimal on this lease
Permits for Naiad 15-03
API numberWell no.Acreson the permit
42-033-327593AH1,603.98
42-033-327604AH1,603.98
42-033-327615AH1,603.98
42-033-326961AH801.46
42-033-326972AH801.46

SourceRailroad Commission drilling permits, Oct 3, 2026 (source 1, source 2).

Unit decimal checker

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23 months, newest first

Ledger for NAIAD 15-03
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 202627,88527,5109,9279,88641$80.46$2.89
Jun 20265,8515,8419,0258,96263$84.81$3.15
May 20265,9105,9209,3059,3050$102.13$2.94
Apr 20266,8006,8059,2899,173116$100.32$2.77
Mar 20268,1498,1877,4137,4130$91.38$3.04
Feb 20264,2814,5804,4944,4940$64.51$3.62
Jan 20266746204494490$60.04$7.72
Dec 20251,6771,6592,6302,6300$57.97$4.26
Nov 20257,4997,61912,29312,2930$60.06$3.79
Oct 20258,1798,13913,07213,0720$60.89$3.19
Sep 20258,2548,26813,03813,01622$63.96$2.97
Aug 20259,2439,21413,99413,9940$64.86$2.91
Jul 20259,8529,85914,49914,310189$68.39$3.20
Jun 202510,66010,67114,20814,2080$68.17$3.02
May 202512,02411,99514,43014,4300$62.17$3.12
Apr 202512,65612,67013,75813,7580$63.54$3.42
Mar 202512,60912,70011,82911,8290$68.24$4.12
Feb 202514,26614,22713,63012,4021,228$71.53$4.19
Jan 202518,83918,78316,52716,46166$75.74$4.13
Dec 202423,30123,26317,98217,9820$70.12$3.01
Nov 202432,51932,56830,65230,086566$69.95$2.12
Oct 202429,00529,02413,16413,1640$71.99$2.20
Sep 20244,4133,9771,9101,244666$70.24$2.28

Flared above 3%

SourceTexas Railroad Commission Production Data Query, through Jul 2026. Prices: EIA, through Aug 2026. Updated Oct 2, 2026.

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Nearby

This lease belongs to

OperatorSurge Operating, LLCFieldSpraberry (Trend Area)CountyBorden County

Surge Operating, LLC in Borden County

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Spraberry (Trend Area) field

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