THOROS 37-48 C
THOROS 37-48 C is a Texas oil lease in Dawson County, Railroad Commission district 08, operated by Birch Operations, Inc. It has 1 wellbore on file with the Commission. Reported production runs from November 2024 to August 2026, totalling 493,128 barrels. The lease is currently producing. Fitting a decline curve to that history and pricing the remaining production at today's forward curve values the whole lease — a 100% undivided interest — at about $11.0M, with roughly $7.4M expected over the next twelve months. An individual royalty owner receives their own decimal interest times that figure. Over the last twelve months on file it averaged 20,987 barrels a month. Its strongest month on the record we hold was March 2025, at 40,867 barrels. In our own backtest, leases producing at this rate are forecast to within about 18% of what they went on to produce, and that measured error is the range shown on the page rather than a confidence of our own devising.
Key facts about THOROS 37-48 C
- Who operates THOROS 37-48 C?
- THOROS 37-48 C is operated by Birch Operations, Inc., Railroad Commission of Texas operator number 071331.
- Where is THOROS 37-48 C?
- THOROS 37-48 C is a Texas oil lease in Dawson County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 63266.
- Is THOROS 37-48 C still producing?
- THOROS 37-48 C is currently producing. The most recent month of production reported to the Railroad Commission of Texas for THOROS 37-48 C is August 2026.
- How much has THOROS 37-48 C produced?
- THOROS 37-48 C has reported 493,128 barrels of oil (bbl) to the Railroad Commission of Texas between November 2024 and August 2026, from 1 wellbore.
- How much is THOROS 37-48 C worth?
- The remaining production from THOROS 37-48 C is estimated to be worth about $11.0M in total as of 27 August 2026, within a range of $9.1M to $13.0M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in THOROS 37-48 C is a fraction of it. The estimate fits an Arps decline curve to the production THOROS 37-48 C has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for THOROS 37-48 C is an estimate of value, not an offer and not an appraisal.
- How much income does THOROS 37-48 C generate in a year?
- THOROS 37-48 C is forecast to net about $7.4M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in THOROS 37-48 C receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Birch Operations, Inc. |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Dawson County, Texas |
| RRC district | 08 |
| Lease number | 63266 |
| Wellbores | 1 |
| Reported production | 493,128 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $11.0M |
Where THOROS 37-48 C sits
Source: Railroad Commission of Texas lease production records, complete through . Figures on this page were computed on .
Production figures are as reported to the Railroad Commission of Texas. The value shown is an estimate produced by fitting a decline curve to that reported history; it is not an offer or an appraisal. How this estimate is calculated.