ZEBCO 27-39 O
ZEBCO 27-39 O is a Texas oil lease in Martin County, Railroad Commission district 08, operated by Diamondback E&P LLC. It has 4 wellbores on file with the Commission. Reported production runs from February 2023 to August 2026, totalling 1,149,968 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 $13.1M, with roughly $7.1M 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 14,269 barrels a month, about 3,567 per wellbore. Its strongest month on the record we hold was October 2023, at 131,420 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 ZEBCO 27-39 O
- Who operates ZEBCO 27-39 O?
- ZEBCO 27-39 O is operated by Diamondback E&P LLC, Railroad Commission of Texas operator number 217012.
- Where is ZEBCO 27-39 O?
- ZEBCO 27-39 O is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 58705.
- Is ZEBCO 27-39 O still producing?
- ZEBCO 27-39 O is currently producing. The most recent month of production reported to the Railroad Commission of Texas for ZEBCO 27-39 O is August 2026.
- How much has ZEBCO 27-39 O produced?
- ZEBCO 27-39 O has reported 1,149,968 barrels of oil (bbl) to the Railroad Commission of Texas between February 2023 and August 2026, from 4 wellbores.
- How much is ZEBCO 27-39 O worth?
- The remaining production from ZEBCO 27-39 O is estimated to be worth about $13.1M in total as of 26 August 2026, within a range of $10.8M to $15.5M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in ZEBCO 27-39 O is a fraction of it. The estimate fits an Arps decline curve to the production ZEBCO 27-39 O has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for ZEBCO 27-39 O is an estimate of value, not an offer and not an appraisal.
- How much income does ZEBCO 27-39 O generate in a year?
- ZEBCO 27-39 O is forecast to net about $7.1M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in ZEBCO 27-39 O receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Diamondback E&P LLC |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Martin County, Texas |
| RRC district | 08 |
| Lease number | 58705 |
| Wellbores | 4 |
| Reported production | 1,149,968 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $13.1M |
Where ZEBCO 27-39 O 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.