COPELAND UNIT #2
COPELAND UNIT #2 is a Texas gas lease in Panola County, Railroad Commission district 06, operated by Smith, R. E. Interests, Inc. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 1,115,159 thousand cubic feet. The lease is intermittent. 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 $57K, with roughly $9K 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 399 thousand cubic feet a month. Its strongest month on the record we hold was February 2026, at 931 thousand cubic feet. 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 COPELAND UNIT #2
- Who operates COPELAND UNIT #2?
- COPELAND UNIT #2 is operated by Smith, R. E. Interests, Inc., Railroad Commission of Texas operator number 794925.
- Where is COPELAND UNIT #2?
- COPELAND UNIT #2 is a Texas gas lease in Panola County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 094005.
- Is COPELAND UNIT #2 still producing?
- COPELAND UNIT #2 is intermittent. The most recent month of production reported to the Railroad Commission of Texas for COPELAND UNIT #2 is August 2026.
- How much has COPELAND UNIT #2 produced?
- COPELAND UNIT #2 has reported 1,115,159 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is COPELAND UNIT #2 worth?
- The remaining production from COPELAND UNIT #2 is estimated to be worth about $57K in total as of 26 August 2026, within a range of $45K to $70K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in COPELAND UNIT #2 is a fraction of it. The estimate fits an Arps decline curve to the production COPELAND UNIT #2 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for COPELAND UNIT #2 is an estimate of value, not an offer and not an appraisal.
- How much income does COPELAND UNIT #2 generate in a year?
- COPELAND UNIT #2 is forecast to net about $9K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in COPELAND UNIT #2 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Smith, R. E. Interests, Inc. |
|---|---|
| Field | Carthage (Cotton Valley) |
| County | Panola County, Texas |
| RRC district | 06 |
| Lease number | 094005 |
| Wellbores | 1 |
| Reported production | 1,115,159 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $57K |
Where COPELAND UNIT #2 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.