THREE CORRALS
THREE CORRALS is a Texas oil lease in Roberts County, Railroad Commission district 10, operated by Nadel & Gussman. It has 2 wellbores on file with the Commission. Reported production runs from November 1998 to August 2026, totalling 35,657 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 $104K, with roughly $18K 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 18 barrels a month, about 9 per wellbore. Its strongest month on the record we hold was January 2020, at 85 barrels. In our own backtest, leases producing at this rate are forecast to within about 45% 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 THREE CORRALS
- Who operates THREE CORRALS?
- THREE CORRALS is operated by Nadel & Gussman, Railroad Commission of Texas operator number 598930.
- Where is THREE CORRALS?
- THREE CORRALS is a Texas oil lease in Roberts County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 07305.
- Is THREE CORRALS still producing?
- THREE CORRALS is currently producing. The most recent month of production reported to the Railroad Commission of Texas for THREE CORRALS is August 2026.
- How much has THREE CORRALS produced?
- THREE CORRALS has reported 35,657 barrels of oil (bbl) to the Railroad Commission of Texas between November 1998 and August 2026, from 2 wellbores.
- How much is THREE CORRALS worth?
- The remaining production from THREE CORRALS is estimated to be worth about $104K in total as of 26 August 2026, within a range of $57K to $150K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in THREE CORRALS is a fraction of it. The estimate fits an Arps decline curve to the production THREE CORRALS has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for THREE CORRALS is an estimate of value, not an offer and not an appraisal.
- How much income does THREE CORRALS generate in a year?
- THREE CORRALS is forecast to net about $18K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in THREE CORRALS receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Nadel & Gussman |
|---|---|
| Field | R. D. Mills (Atoka) |
| County | Roberts County, Texas |
| RRC district | 10 |
| Lease number | 07305 |
| Wellbores | 2 |
| Reported production | 35,657 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $104K |
Where THREE CORRALS 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.