TCB 39-34
TCB 39-34 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 April 2018 to August 2026, totalling 821,529 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 $5.4M, with roughly $2.4M 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 4,204 barrels a month, about 1,401 per wellbore. Its strongest month on the record we hold was April 2019, at 43,215 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 TCB 39-34
- Who operates TCB 39-34?
- TCB 39-34 is operated by Sabalo Operating, LLC, Railroad Commission of Texas operator number 741939.
- Where is TCB 39-34?
- TCB 39-34 is a Texas oil lease in Howard County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 50564.
- Is TCB 39-34 still producing?
- TCB 39-34 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for TCB 39-34 is August 2026.
- How much has TCB 39-34 produced?
- TCB 39-34 has reported 821,529 barrels of oil (bbl) to the Railroad Commission of Texas between April 2018 and August 2026, from 3 wellbores.
- How much is TCB 39-34 worth?
- The remaining production from TCB 39-34 is estimated to be worth about $5.4M in total as of 26 August 2026, within a range of $4.4M to $6.3M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in TCB 39-34 is a fraction of it. The estimate fits an Arps decline curve to the production TCB 39-34 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for TCB 39-34 is an estimate of value, not an offer and not an appraisal.
- How much income does TCB 39-34 generate in a year?
- TCB 39-34 is forecast to net about $2.4M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in TCB 39-34 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 | 50564 |
| Wellbores | 3 |
| Reported production | 821,529 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $5.4M |
Where TCB 39-34 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.