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Royalty Clerk

Texas oil lease

Producing

THUNDERBALL

Thunderball is an oil lease in Loving County, Texas, operated by Admiral Permian Operating LLC in the Phantom (Wolfcamp) field.

15 wells

1,106,490bbl oil, last 12 months−43% vs prior year
Operator
Admiral Permian Operating LLC
County
Loving County
Field
Phantom (Wolfcamp)
RRC lease
08-59183

80 royalty accounts on the county roll

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Gas, last 12 months
1,793,530 mcf
Oil in Aug 2026
78,982 bbl
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Wells on this lease and around it

Where the state's map puts this lease's 15 wells, and what has been drilled or permitted within about 2 miles of them.
Map of the Thunderball lease in Loving County, Texas: its 15 wells ringed, among 115 wells and 40 recent drilling locations in a picture about 6 miles across.
  • This lease15Its wells, ringed on the map: all producing
  • Drilling locations40Permits issued in the last two years
  • Producing wells105On a lease reporting production now
  • Not producing7Shut in, inactive or no lease on record
  • Plugged3The state's wellbore record says plugged

The 15 ringed dots are this lease's wells, each where the Railroad Commission's map puts it. The other dots are wells and drilling permits of the last 24 months on the land around it; the counts are for everything in the picture, which is about 6 miles across. The thin brown lines are the original land surveys; where there is room, a survey carries its abstract number, the number deeds and division orders cite. Sources: Railroad Commission of Texas well layers, drilling permit files and survey lines.

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A one-page map of this lease to print, for a lawyer, a buyer or a probate file.

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You may show this map on any site, unchanged. Keep the credit line and its link to Royalty Clerk under the map. The picture updates by itself as the state records new wells and permits.

Download the picture (WebP)
<a href="https://royaltyclerk.com/texas/leases/thunderball-08-59183"><img src="https://royaltyclerk.com/maps/lease-wells/thunderball-08-59183.svg" alt="Map of the Thunderball lease in Loving County, Texas: its 15 wells ringed, among 115 wells and 40 recent drilling locations in a picture about 6 miles across." width="1000" height="951" loading="lazy" style="max-width:100%;height:auto;border:0"></a>
<p style="margin:4px 0 0;font-size:14px">Map: <a href="https://royaltyclerk.com/texas/leases/thunderball-08-59183">Wells on the Thunderball lease, Loving County, Texas</a> by Royalty Clerk, from Railroad Commission of Texas records</p>

Other leases named Thunderball

2 leases share this name in district 08. The Railroad Commission gives each gas well its own number and each oil lease another, so one unit often shows up as several of these.

Production by month

Oil output fell 43% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 43% over the last 12 monthsMonthly oil production and gas for THUNDERBALL, Sep 2023 to Aug 2026. Oil output fell 43% over the last 12 months. 1,106,490 bbl in the 12 months through Aug 2026, against 1,934,724 bbl in the 12 months before.Last 12 months: 1,106,490 bblbbl per monthmcf per month0050k100k100k200k150k300k200k400k250k500kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 43% over the last 12 monthsMonthly oil production and gas for THUNDERBALL, Sep 2023 to Aug 2026. Oil output fell 43% over the last 12 months. 1,106,490 bbl in the 12 months through Aug 2026, against 1,934,724 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month0050k100k100k200k150k300k200k400k250k500kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Aug 2026.

From the state record

What owners ask about Thunderball

When is the check for August 2026 due?
August 2026 is the newest month the state has posted for this lease. Texas law gives the payor until 60 days after the end of the sale month for oil and 90 for gas: the oil by Oct 30, 2026 and the gas by Nov 29, 2026, unless the lease sets another time.
Source: Railroad Commission production reports; Texas Natural Resources Code §91.402.
See your next three checks
Which Texas production tax rate applies?
The Texas Comptroller lists no approved exemption or reduced rate for this lease for August 2026, so the full 4.6% on oil and 7.5% on gas applies.
Source: Texas Comptroller, approved severance tax exemptions.
Check the tax on your stub
Who buys the oil and gas?
Oil: Plains Marketing, L.p. and Plains Pipeline L.p. gather it. Gas from oil wells: Targa Delaware LLC buys and gathers it. The buyer's price is what a royalty check is figured on.
Source: Railroad Commission Form P-4, gatherers and purchasers.
See every buyer and past buyers
How many 1099s should an owner expect for 2025?
One company, Admiral Permian Operating LLC, filed this lease's reports behind every 2025 check, so most owners get one form. The operator is not always the company that pays, so go by the name on the stubs.
Source: Railroad Commission production reports, operator of record by month.
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Free tools, already on this lease

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33 years of state records, 1993–2026

THUNDERBALL since 2023

We read every monthly report the Railroad Commission holds, back to January 1993. This lease first reported in June 2023. It filed 39 monthly reports through August 2026.

Sold since 2023

$313.9 million

What the whole lease’s oil and gas sold for at each month’s public prices, before tax and the operator’s deductions. A royalty owner’s share is their decimal of it.

A relative owned a share? See what it earned after they died
Oil sold
3,995,821 bbl
Gas sold
6,610,997 mcf
Best year
2025$112 million sold
Last report
Aug 2026First: Jun 2023

Its best year was 2025: $112 million of oil and gas sold

Each bar is what the lease’s oil and gas sold for that year, at that month’s prices. 2026 is only part of a year in the records, drawn lighter.

  • Oil
  • Gas
Its best year was 2025: $112 million of oil and gas soldThunderball: oil and gas sold each year from 2023 to 2026, at each month's prices. Its best year was 2025: $112 million of oil and gas sold.Sold each year, at each month’s prices$0$25M$50M$75M$100M$125MPeak 2025: $112M2023202420252026
Its best year was 2025: $112 million of oil and gas soldThunderball: oil and gas sold each year from 2023 to 2026, at each month's prices. Its best year was 2025: $112 million of oil and gas sold.Sold each year, at each month’s prices$0$25M$50M$75M$100M$125MPeak 2025: $112M'23'24'25'26

SourceTexas Railroad Commission Production Data Query, every monthly report since January 1993; EIA monthly WTI and Henry Hub prices (before 1997, EIA's yearly Texas natural gas wellhead price), through August 2026.

Every year as a table
Thunderball: oil and gas sold each year
YearMonthsOil sold, bblGas sold, mcfSold for
2026 *8672,1141,104,088$60,076,349
2025121,553,0432,605,201$112,069,384
2024121,188,8311,976,777$92,100,723
20237581,833924,931$49,711,796

* Part of the year: the records run through August 2026.

Where the gas went

98% of the gas went to a processing plant in the last 12 months

Flaring peaked at 24.3% of the gas in Oct 2025.

  • Processing plant (3)
  • Flared (4)
98% of the gas went to a processing plant in the last 12 monthsShare of THUNDERBALL gas by disposition code each month, Sep 2023 to Aug 2026. 98% of the gas went to a processing plant in the last 12 months. Flaring peaked at 24.3% of the gas in Oct 2025.Share of the lease’s gas by disposition code, per month0%50%100%Flared 24.3%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
98% of the gas went to a processing plant in the last 12 monthsShare of THUNDERBALL gas by disposition code each month, Sep 2023 to Aug 2026. 98% of the gas went to a processing plant in the last 12 months. Flaring peaked at 24.3% of the gas in Oct 2025.Share of gas by disposition code0%50%100%Flared 24.3%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Aug 2026.

  • Processing plant (3)

    98% · 1,749,862 mcf

  • Flared (4)

    2.4% · 43,668 mcf

2.4% of the gas flared in the last 12 months. One month above 3%.

15 wells on this lease

Wells on THUNDERBALL
API numberWellStatusCompleted
42-301-35931Thunderball 1WBActiveOct 27, 2022
42-301-35966Thunderball 1WAActiveDec 8, 2022
42-301-35967Thunderball 1XYActiveMar 19, 2023
42-301-35971Thunderball 2WAActiveNov 19, 2022
42-301-35972Thunderball 2XYActiveApr 7, 2023
42-301-35973Thunderball 2BSActiveApr 26, 2023
42-301-35974Thunderball 1BSActiveFeb 20, 2023
42-301-36698Thunderball 3BSActiveMar 20, 2024
42-301-36700Thunderball 4BSActiveMar 11, 2024
42-301-36704Thunderball 3XYActiveApr 3, 2024
42-301-36706Thunderball 3WAActiveMar 23, 2024
42-301-36707Thunderball 2WBActiveMay 4, 2024
42-301-36708Thunderball 3WBActiveMar 20, 2024
42-301-36713Thunderball 4WBActiveApr 5, 2024
42-301-36715Thunderball 5WBActiveApr 18, 2024

SourceTexas Railroad Commission production records and full wellbore file.

Other leases on these wells

The Railroad Commission files the same API numbers under one more lease too: a well keeps its number when it moves into a unit or is recompleted under another lease. A deed older than the unit may name one of them.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%From
Plains Marketing, L.p.OilGathers50Oct 27, 2022
Plains Pipeline L.p.OilGathers50Oct 27, 2022
Targa Delaware LLCCasinghead gasBuys100Oct 27, 2022
Targa Delaware LLCCasinghead gasGathers100Oct 27, 2022

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

Who buys my oilOil price check

1,280 acres on the newest permit

  • Good to know

    15 well completions are on file for this lease

    The count is of completions in the wellbore records, so a well completed more than once is counted each time. Each well can have its own unit. The decimal for one well does not have to equal the decimal for another.

  • 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 Thunderball
API numberWell no.Acreson the permit
42-301-367072WB1,280
42-301-367083WB1,280
42-301-367155WB1,280
42-301-366983BS1,280
42-301-367004BS1,280
42-301-367043XY1,280
42-301-367063WA1,280
42-301-367134WB1,280
42-301-359661WA1,280
42-301-359671XY1,280
42-301-359712WA1,280
42-301-359722XY1,280

SourceRailroad Commission drilling permits, Oct 31, 2026 (source 1, source 2).

Unit decimal checker

On the Loving County roll

Loving County Appraisal District

2026 roll
Owners
80
Accounts
81
Appraised in all
$78M$77,773,180

Each square is one account

  • Royalty80
  • Working interest1

SourceLoving County Appraisal District, 2026 mineral roll (source), read Sep 29, 2026. Accounts matched to this lease by RRC number or lease name; no owner is named.

Estimate your royalty

36 months, newest first

Ledger for THUNDERBALL
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Aug 202678,98277,674132,047132,0470$83.90$2.78
Jul 202669,84368,845113,567113,5670$80.46$2.89
Jun 202671,23369,826117,549117,5490$84.81$3.15
May 202685,54385,379139,459139,4590$102.13$2.94
Apr 202692,43391,244152,129152,1290$100.32$2.77
Mar 202697,88897,131161,805161,8050$91.38$3.04
Feb 202696,32493,469147,684147,6840$64.51$3.62
Jan 202688,50888,546139,848139,8480$60.04$7.72
Dec 2025102,729101,337164,362164,3620$57.97$4.26
Nov 202599,06197,665161,685161,6850$60.06$3.79
Oct 2025110,831109,142179,508135,84043,668$60.89$3.19
Sep 2025113,115110,807183,887183,8870$63.96$2.97
Aug 2025122,103120,290194,927194,9270$64.86$2.91
Jul 2025127,689125,238209,262209,2620$68.39$3.20
Jun 2025130,754130,180216,655216,6550$68.17$3.02
May 2025146,041143,111242,367242,3670$62.17$3.12
Apr 2025140,023137,423231,382231,3820$63.54$3.42
Mar 2025156,353156,167264,132264,1320$68.24$4.12
Feb 2025145,167145,087253,833253,8330$71.53$4.19
Jan 2025177,977176,596346,869346,8690$75.74$4.13
Dec 2024201,965201,319346,869346,8690$70.12$3.01
Nov 2024225,490223,752386,378386,3780$69.95$2.12
Oct 2024248,355248,633411,956411,9560$71.99$2.20
Sep 2024112,807115,425197,727197,7270$70.24$2.28
Aug 202400550$76.68$1.99
Jul 202417,73717,10427,60927,6090$81.80$2.07
Jun 202449,93950,20979,42179,4210$79.77$2.54
May 202458,61759,12391,56691,5660$80.02$2.12
Apr 202460,57961,00894,58294,5820$85.35$1.60
Mar 202465,35665,881108,575108,5750$81.28$1.49
Feb 202465,77066,558106,551106,5510$77.25$1.72
Jan 202478,83279,819125,538125,5380$74.15$3.18
Dec 202394,40791,459147,954147,9540$71.90$2.52
Nov 202399,82297,584152,758152,7580$77.69$2.71
Oct 2023110,804109,276171,874171,8740$85.64$2.98
Sep 2023115,149111,042181,820181,8200$89.43$2.64

Flared above 3%

SourceTexas Railroad Commission Production Data Query, through Aug 2026. Prices: EIA, through Oct 2026. Updated Oct 30, 2026.

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Nearby

This lease belongs to

OperatorAdmiral Permian Operating LLCFieldPhantom (Wolfcamp)CountyLoving County

Admiral Permian Operating LLC in Loving County

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