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Producing

THOROS 37-48 C

Thoros 37-48 C is an oil lease in Dawson County, Texas, operated by Birch Operations, Inc. in the Spraberry (Trend Area) field.

1 well

212,367bbl oil, last 12 months
Operator
Birch Operations, Inc.
County
Dawson County
Field
Spraberry (Trend Area)
RRC lease
08-63266

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Where it sits

This county

Dawson CountyDawsonGainesLynnGarzaAndrewsTerryBordenDawson County
Dawson County
Gas, last 12 months
194,768 mcf
Oil in Jul 2026
14,559 bbl

Checks stopped on this lease?

  • Buyer

    Buyer changed: TARGA MIDLAND LLC replaced CORONADO MIDSTREAM LLC, TARGA PL MID-CONT WESTTEX LLC as the buyer of this lease's gas from oil wells on May 1, 2026.

SourceRailroad Commission production, P-5 and P-4 records, data through Jul 2026.

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Production by month

Oil output fell 58% since Nov 2024

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 58% since Nov 2024Monthly oil production and gas for THOROS 37-48 C, Nov 2024 to Jul 2026. Oil output fell 58% since Nov 2024. Monthly average of 15,564 bbl in the latest 3 months, against 37,090 bbl in the first 3.Last 12 months: 212,367 bblbbl per monthmcf per month0010k5,00020k10k30k15k40k20k50k25kJan 25AprJulOctJan 26AprJul
Oil output fell 58% since Nov 2024Monthly oil production and gas for THOROS 37-48 C, Nov 2024 to Jul 2026. Oil output fell 58% since Nov 2024. Monthly average of 15,564 bbl in the latest 3 months, against 37,090 bbl in the first 3.Last 12 monthsbbl per monthmcf per month0010k5,00020k10k30k15k40k20k50k25kJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

92% of the gas went to a transmission line in the last 12 months

Flaring peaked at 17.6% of the gas in Apr 2026.

  • Transmission line (2)
  • Lease fuel (1)
  • Flared (4)
92% of the gas went to a transmission line in the last 12 monthsShare of THOROS 37-48 C gas by disposition code each month, Nov 2024 to Jul 2026. 92% of the gas went to a transmission line in the last 12 months. Flaring peaked at 17.6% of the gas in Apr 2026.Share of the lease’s gas by disposition code, per month0%50%100%Flared 17.6%Jan 25AprJulOctJan 26AprJul
92% of the gas went to a transmission line in the last 12 monthsShare of THOROS 37-48 C gas by disposition code each month, Nov 2024 to Jul 2026. 92% of the gas went to a transmission line in the last 12 months. Flaring peaked at 17.6% of the gas in Apr 2026.Share of gas by disposition code0%50%100%Flared 17.6%Jan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    92% · 179,985 mcf

  • Flared (4)

    7.6% · 14,773 mcf

  • Lease fuel (1)

    0.0% · 10 mcf

7.6% of the gas flared in the last 12 months. 15 months above 3%.

1 well on this lease

Wells on THOROS 37-48 C
API numberWell no.Status
42-115-339844DNActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Energy Trans Crude Marketing LLCOilGathers34Jul 1, 2025–
Dk Trading & Supply, LLCOilGathers33Jul 1, 2025–
Trafigura Trading LLCOilGathers33Jul 1, 2025–
Targa Midland LLCCasinghead gasBuys100May 1, 2026–
Targa Midland LLCCasinghead gasGathers100May 1, 2026–
Enlink Permian, LLCCasinghead gasGathers50Jul 1, 2025May 1, 2026
Targa Pl Mid-Cont Westtex LLCCasinghead gasGathers50Jul 1, 2025May 1, 2026
Coronado Midstream LLCCasinghead gasBuys50Jul 1, 2025May 1, 2026
Targa Pl Mid-Cont Westtex LLCCasinghead gasBuys50Jul 1, 2025May 1, 2026
Targa Pl Mid-Cont Westtex LLCCasinghead gasGathers100Nov 6, 2024Jul 1, 2025
Targa Pl Mid-Cont Westtex LLCCasinghead gasBuys100Nov 6, 2024Jul 1, 2025

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

Who buys my oilOil price check

400.25 acres on the newest permit

  • Worth asking

    An allocation well is on this lease

    A well drilled across several tracts shares its production by an allocation formula, so the decimal is not always your acres over the unit acres. Ask the operator for the allocation formula and the tract factor for your land.

  • Worth asking

    A Rule 37 case is listed

    The RRC permit records list a Rule 37 case. This does not establish your royalty share. Ask for the permit and unit plat for your well.

Check your decimal on this lease
Permits for Thoros 37-48 C
API numberWell no.Acreson the permit
42-115-339844DN400.25

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

Unit decimal checker

Estimate your royalty

21 months, newest first

Ledger for THOROS 37-48 C
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 202614,55914,57515,88815,187701$80.46$2.89
Jun 202615,23015,22614,03911,8252,214$84.81$3.15
May 202616,90416,90416,95815,8341,124$102.13$2.94
Apr 202615,74515,75316,86513,9052,960$100.32$2.77
Mar 202616,71416,71518,17016,5281,642$91.38$3.04
Feb 202616,15116,15815,33614,341995$64.51$3.62
Jan 202618,12118,06515,85514,6491,206$60.04$7.72
Dec 202516,85416,87614,54113,728813$57.97$4.26
Nov 202518,47218,45816,87215,6471,225$60.06$3.79
Oct 202519,56519,57916,29415,508784$60.89$3.19
Sep 202520,67020,66416,03915,680355$63.96$2.97
Aug 202523,38223,40217,91117,153754$64.86$2.91
Jul 202525,11325,14517,80417,497302$68.39$3.20
Jun 202528,14928,11820,10419,773330$68.17$3.02
May 202532,90732,92821,45820,666791$62.17$3.12
Apr 202538,03938,03221,68721,280406$63.54$3.42
Mar 202540,86740,88120,39119,407983$68.24$4.12
Feb 202534,20634,17715,55315,5520$71.53$4.19
Jan 202540,81540,79819,05018,721328$75.74$4.13
Dec 202440,14140,13719,33618,0351,301$70.12$3.01
Nov 202430,31330,25715,02012,6672,353$69.95$2.12

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

OperatorBirch Operations, Inc.FieldSpraberry (Trend Area)CountyDawson County

Birch Operations, Inc. in Dawson County

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Spraberry (Trend Area) field

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