SUGG 3059
SUGG 3059 is a Texas oil lease in Irion County, Railroad Commission district 7C, operated by Three Rivers Operating Co LLC. It has 6 wellbores on file with the Commission. Reported production runs from August 2011 to August 2026, totalling 196,350 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 $1.7M, with roughly $393K 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 605 barrels a month, about 101 per wellbore. Its strongest month on the record we hold was January 2018, at 1,672 barrels. In our own backtest, leases producing at this rate are forecast to within about 22% 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 SUGG 3059
- Who operates SUGG 3059?
- SUGG 3059 is operated by Three Rivers Operating Co LLC, Railroad Commission of Texas operator number 857758.
- Where is SUGG 3059?
- SUGG 3059 is a Texas oil lease in Irion County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 17625.
- Is SUGG 3059 still producing?
- SUGG 3059 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SUGG 3059 is August 2026.
- How much has SUGG 3059 produced?
- SUGG 3059 has reported 196,350 barrels of oil (bbl) to the Railroad Commission of Texas between August 2011 and August 2026, from 6 wellbores.
- How much is SUGG 3059 worth?
- The remaining production from SUGG 3059 is estimated to be worth about $1.7M in total as of 26 August 2026, within a range of $1.3M to $2.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SUGG 3059 is a fraction of it. The estimate fits an Arps decline curve to the production SUGG 3059 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SUGG 3059 is an estimate of value, not an offer and not an appraisal.
- How much income does SUGG 3059 generate in a year?
- SUGG 3059 is forecast to net about $393K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in SUGG 3059 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Three Rivers Operating Co LLC |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Irion County, Texas |
| RRC district | 7C |
| Lease number | 17625 |
| Wellbores | 6 |
| Reported production | 196,350 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.7M |
Where SUGG 3059 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.