FIRE EYES 47-38
FIRE EYES 47-38 is a Texas oil lease in Howard County, Railroad Commission district 08, operated by Sabalo Operating, LLC. It has 6 wellbores on file with the Commission. Reported production runs from November 2017 to August 2026, totalling 1,856,783 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 $11.7M, with roughly $6.7M 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 14,926 barrels a month, about 2,488 per wellbore. Its strongest month on the record we hold was October 2022, at 156,971 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 FIRE EYES 47-38
- Who operates FIRE EYES 47-38?
- FIRE EYES 47-38 is operated by Sabalo Operating, LLC, Railroad Commission of Texas operator number 741939.
- Where is FIRE EYES 47-38?
- FIRE EYES 47-38 is a Texas oil lease in Howard County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 49861.
- Is FIRE EYES 47-38 still producing?
- FIRE EYES 47-38 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for FIRE EYES 47-38 is August 2026.
- How much has FIRE EYES 47-38 produced?
- FIRE EYES 47-38 has reported 1,856,783 barrels of oil (bbl) to the Railroad Commission of Texas between November 2017 and August 2026, from 6 wellbores.
- How much is FIRE EYES 47-38 worth?
- The remaining production from FIRE EYES 47-38 is estimated to be worth about $11.7M in total as of 27 August 2026, within a range of $9.6M to $13.8M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in FIRE EYES 47-38 is a fraction of it. The estimate fits an Arps decline curve to the production FIRE EYES 47-38 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for FIRE EYES 47-38 is an estimate of value, not an offer and not an appraisal.
- How much income does FIRE EYES 47-38 generate in a year?
- FIRE EYES 47-38 is forecast to net about $6.7M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in FIRE EYES 47-38 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Sabalo Operating, LLC |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Howard County, Texas |
| RRC district | 08 |
| Lease number | 49861 |
| Wellbores | 6 |
| Reported production | 1,856,783 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $11.7M |
Where FIRE EYES 47-38 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.