NORTH BUFFALO RIVER 27-34-39
NORTH BUFFALO RIVER 27-34-39 is a Texas oil lease in Martin County, Railroad Commission district 08, operated by Lario Oil & Gas Company. It has 1 wellbore on file with the Commission. Reported production runs from September 2022 to August 2026, totalling 78,307 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 $6.4M, with roughly $1.4M 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 1,753 barrels a month. Its strongest month on the record we hold was April 2024, at 2,879 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 NORTH BUFFALO RIVER 27-34-39
- Who operates NORTH BUFFALO RIVER 27-34-39?
- NORTH BUFFALO RIVER 27-34-39 is operated by Lario Oil & Gas Company, Railroad Commission of Texas operator number 486710.
- Where is NORTH BUFFALO RIVER 27-34-39?
- NORTH BUFFALO RIVER 27-34-39 is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 57468.
- Is NORTH BUFFALO RIVER 27-34-39 still producing?
- NORTH BUFFALO RIVER 27-34-39 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for NORTH BUFFALO RIVER 27-34-39 is August 2026.
- How much has NORTH BUFFALO RIVER 27-34-39 produced?
- NORTH BUFFALO RIVER 27-34-39 has reported 78,307 barrels of oil (bbl) to the Railroad Commission of Texas between September 2022 and August 2026, from 1 wellbore.
- How much is NORTH BUFFALO RIVER 27-34-39 worth?
- The remaining production from NORTH BUFFALO RIVER 27-34-39 is estimated to be worth about $6.4M in total as of 27 August 2026, within a range of $5.3M to $7.5M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in NORTH BUFFALO RIVER 27-34-39 is a fraction of it. The estimate fits an Arps decline curve to the production NORTH BUFFALO RIVER 27-34-39 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for NORTH BUFFALO RIVER 27-34-39 is an estimate of value, not an offer and not an appraisal.
- How much income does NORTH BUFFALO RIVER 27-34-39 generate in a year?
- NORTH BUFFALO RIVER 27-34-39 is forecast to net about $1.4M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in NORTH BUFFALO RIVER 27-34-39 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Lario Oil & Gas Company |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Martin County, Texas |
| RRC district | 08 |
| Lease number | 57468 |
| Wellbores | 1 |
| Reported production | 78,307 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $6.4M |
Where NORTH BUFFALO RIVER 27-34-39 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.