UL ELK VALLEY 3-39
UL ELK VALLEY 3-39 is a Texas oil lease in Andrews County, Railroad Commission district 08, operated by Sabalo II Operating, LLC. It has 2 wellbores on file with the Commission. Reported production runs from February 2025 to August 2026, totalling 10,398 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 $142K, with roughly $120K 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 614 barrels a month, about 307 per wellbore. Its strongest month on the record we hold was March 2025, at 1,718 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 UL ELK VALLEY 3-39
- Who operates UL ELK VALLEY 3-39?
- UL ELK VALLEY 3-39 is operated by Sabalo II Operating, LLC, Railroad Commission of Texas operator number 741937.
- Where is UL ELK VALLEY 3-39?
- UL ELK VALLEY 3-39 is a Texas oil lease in Andrews County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 62920.
- Is UL ELK VALLEY 3-39 still producing?
- UL ELK VALLEY 3-39 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for UL ELK VALLEY 3-39 is August 2026.
- How much has UL ELK VALLEY 3-39 produced?
- UL ELK VALLEY 3-39 has reported 10,398 barrels of oil (bbl) to the Railroad Commission of Texas between February 2025 and August 2026, from 2 wellbores.
- How much is UL ELK VALLEY 3-39 worth?
- The remaining production from UL ELK VALLEY 3-39 is estimated to be worth about $142K in total as of 27 August 2026, within a range of $111K to $173K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in UL ELK VALLEY 3-39 is a fraction of it. The estimate fits an Arps decline curve to the production UL ELK VALLEY 3-39 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for UL ELK VALLEY 3-39 is an estimate of value, not an offer and not an appraisal.
- How much income does UL ELK VALLEY 3-39 generate in a year?
- UL ELK VALLEY 3-39 is forecast to net about $120K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in UL ELK VALLEY 3-39 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Sabalo II Operating, LLC |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Andrews County, Texas |
| RRC district | 08 |
| Lease number | 62920 |
| Wellbores | 2 |
| Reported production | 10,398 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $142K |
Where UL ELK VALLEY 3-39 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.