Three-dimensional lightning mapping observations are compared to cloud charge structures and electric potential profiles inferred from balloon soundings of electric field in New Mexico mountain thunderstorms. For six individual intracloud and cloud-to-ground flashes and for a sequence of 36 flashes in one storm, the comparisons consistently show good agreement between the altitudes of horizontal lightning channels and the altitudes of electric potential extrema or wells. Lightning flashes appear to deposit charge of opposite polarity in relatively localized volumes within the preexisting lower positive, midlevel negative, and upper positive charge regions associated with the potential wells. The net effect of recurring lightning charge deposition at the approximate levels of potential extrema is to increase the complexity in the observed storm charge structure. The midlevel breakdown of both normal intracloud flashes and negative cloud-to-ground flashes is observed to be segregated by flash type into the upper and lower parts of the deep potential well associated with the midlevel negative charge. The segregation is consistent with perturbations observed in the bottom of the negative potential well due to embedded positive charge that was probably deposited by earlier flashes. It is also consistent with an expected tendency for vertical breakdown to begin branching horizontally before reaching the local potential minimum. The joint observations reconcile the apparent dichotomy between the complex charge structures often inferred from balloon soundings through storms and the simpler structures often inferred from lightning measurements.