MEMPHIS FLASH 39-27
MEMPHIS FLASH 39-27 is a Texas oil lease in Howard County, Railroad Commission district 08, operated by Sabalo Operating, LLC. It has 3 wellbores on file with the Commission. Reported production runs from March 2018 to August 2026, totalling 666,770 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 $10.2M, with roughly $3.3M 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 5,598 barrels a month, about 1,866 per wellbore. Its strongest month on the record we hold was November 2023, at 43,502 barrels. In our own backtest, leases producing at this rate are forecast to within about 17% 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 MEMPHIS FLASH 39-27
- Who operates MEMPHIS FLASH 39-27?
- MEMPHIS FLASH 39-27 is operated by Sabalo Operating, LLC, Railroad Commission of Texas operator number 741939.
- Where is MEMPHIS FLASH 39-27?
- MEMPHIS FLASH 39-27 is a Texas oil lease in Howard County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 50490.
- Is MEMPHIS FLASH 39-27 still producing?
- MEMPHIS FLASH 39-27 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MEMPHIS FLASH 39-27 is August 2026.
- How much has MEMPHIS FLASH 39-27 produced?
- MEMPHIS FLASH 39-27 has reported 666,770 barrels of oil (bbl) to the Railroad Commission of Texas between March 2018 and August 2026, from 3 wellbores.
- How much is MEMPHIS FLASH 39-27 worth?
- The remaining production from MEMPHIS FLASH 39-27 is estimated to be worth about $10.2M in total as of 26 August 2026, within a range of $8.5M to $11.9M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MEMPHIS FLASH 39-27 is a fraction of it. The estimate fits an Arps decline curve to the production MEMPHIS FLASH 39-27 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MEMPHIS FLASH 39-27 is an estimate of value, not an offer and not an appraisal.
- How much income does MEMPHIS FLASH 39-27 generate in a year?
- MEMPHIS FLASH 39-27 is forecast to net about $3.3M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MEMPHIS FLASH 39-27 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 | 50490 |
| Wellbores | 3 |
| Reported production | 666,770 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $10.2M |
Where MEMPHIS FLASH 39-27 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.