COOPER, OLIVE
COOPER, OLIVE is a Texas oil lease in Carson County, Railroad Commission district 10, operated by Phillips Petroleum Company. It has 7 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 131,878 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 $556K, with roughly $107K 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 164 barrels a month, about 23 per wellbore. Its strongest month on the record we hold was April 2022, at 528 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 COOPER, OLIVE
- Who operates COOPER, OLIVE?
- COOPER, OLIVE is operated by Phillips Petroleum Company, Railroad Commission of Texas operator number 663680.
- Where is COOPER, OLIVE?
- COOPER, OLIVE is a Texas oil lease in Carson County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 00118.
- Is COOPER, OLIVE still producing?
- COOPER, OLIVE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for COOPER, OLIVE is August 2026.
- How much has COOPER, OLIVE produced?
- COOPER, OLIVE has reported 131,878 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 7 wellbores.
- How much is COOPER, OLIVE worth?
- The remaining production from COOPER, OLIVE is estimated to be worth about $556K in total as of 26 August 2026, within a range of $434K to $678K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in COOPER, OLIVE is a fraction of it. The estimate fits an Arps decline curve to the production COOPER, OLIVE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for COOPER, OLIVE is an estimate of value, not an offer and not an appraisal.
- How much income does COOPER, OLIVE generate in a year?
- COOPER, OLIVE is forecast to net about $107K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in COOPER, OLIVE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Phillips Petroleum Company |
|---|---|
| Field | Panhandle Carson County Field |
| County | Carson County, Texas |
| RRC district | 10 |
| Lease number | 00118 |
| Wellbores | 7 |
| Reported production | 131,878 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $556K |
Where COOPER, OLIVE 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.