COPPER
COPPER is a Texas oil lease in Howard County, Railroad Commission district 08, operated by Crownquest Operating, LLC. It has 1 wellbore on file with the Commission. Reported production runs from August 2020 to August 2026, totalling 228,511 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 $1.2M 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 1,532 barrels a month. Its strongest month on the record we hold was September 2020, at 15,693 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 COPPER
- Who operates COPPER?
- COPPER is operated by Crownquest Operating, LLC, Railroad Commission of Texas operator number 191554.
- Where is COPPER?
- COPPER is a Texas oil lease in Howard County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 55149.
- Is COPPER still producing?
- COPPER is currently producing. The most recent month of production reported to the Railroad Commission of Texas for COPPER is August 2026.
- How much has COPPER produced?
- COPPER has reported 228,511 barrels of oil (bbl) to the Railroad Commission of Texas between August 2020 and August 2026, from 1 wellbore.
- How much is COPPER worth?
- The remaining production from COPPER is estimated to be worth about $5.4M in total as of 26 August 2026, within a range of $4.5M to $6.3M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in COPPER is a fraction of it. The estimate fits an Arps decline curve to the production COPPER has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for COPPER is an estimate of value, not an offer and not an appraisal.
- How much income does COPPER generate in a year?
- COPPER is forecast to net about $1.2M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in COPPER receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Crownquest Operating, LLC |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Howard County, Texas |
| RRC district | 08 |
| Lease number | 55149 |
| Wellbores | 1 |
| Reported production | 228,511 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $5.4M |
Where COPPER 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.