COPPERHEAD 34
COPPERHEAD 34 is a Texas oil lease in Reeves County, Railroad Commission district 08, operated by Thompson, J. Cleo. It has 2 wellbores on file with the Commission. Reported production runs from February 2014 to August 2026, totalling 323,700 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 $651K, with roughly $119K 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 148 barrels a month, about 74 per wellbore. Its strongest month on the record we hold was August 2016, at 3,162 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 COPPERHEAD 34
- Who operates COPPERHEAD 34?
- COPPERHEAD 34 is operated by Thompson, J. Cleo, Railroad Commission of Texas operator number 855610.
- Where is COPPERHEAD 34?
- COPPERHEAD 34 is a Texas oil lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 45189.
- Is COPPERHEAD 34 still producing?
- COPPERHEAD 34 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for COPPERHEAD 34 is August 2026.
- How much has COPPERHEAD 34 produced?
- COPPERHEAD 34 has reported 323,700 barrels of oil (bbl) to the Railroad Commission of Texas between February 2014 and August 2026, from 2 wellbores.
- How much is COPPERHEAD 34 worth?
- The remaining production from COPPERHEAD 34 is estimated to be worth about $651K in total as of 26 August 2026, within a range of $508K to $794K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in COPPERHEAD 34 is a fraction of it. The estimate fits an Arps decline curve to the production COPPERHEAD 34 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for COPPERHEAD 34 is an estimate of value, not an offer and not an appraisal.
- How much income does COPPERHEAD 34 generate in a year?
- COPPERHEAD 34 is forecast to net about $119K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in COPPERHEAD 34 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Thompson, J. Cleo |
|---|---|
| Field | Wolfbone (Trend Area) |
| County | Reeves County, Texas |
| RRC district | 08 |
| Lease number | 45189 |
| Wellbores | 2 |
| Reported production | 323,700 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $651K |
Where COPPERHEAD 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.