COOPER 348
COOPER 348 is a Texas oil lease in Lipscomb County, Railroad Commission district 10, operated by Eog Resources, Inc. It has 4 wellbores on file with the Commission. Reported production runs from January 2006 to August 2026, totalling 141,515 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 $786K, with roughly $137K 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 140 barrels a month, about 35 per wellbore. Its strongest month on the record we hold was August 2016, at 279 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 348
- Who operates COOPER 348?
- COOPER 348 is operated by Eog Resources, Inc., Railroad Commission of Texas operator number 253162.
- Where is COOPER 348?
- COOPER 348 is a Texas oil lease in Lipscomb County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 07627.
- Is COOPER 348 still producing?
- COOPER 348 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for COOPER 348 is August 2026.
- How much has COOPER 348 produced?
- COOPER 348 has reported 141,515 barrels of oil (bbl) to the Railroad Commission of Texas between January 2006 and August 2026, from 4 wellbores.
- How much is COOPER 348 worth?
- The remaining production from COOPER 348 is estimated to be worth about $786K in total as of 26 August 2026, within a range of $613K to $958K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in COOPER 348 is a fraction of it. The estimate fits an Arps decline curve to the production COOPER 348 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for COOPER 348 is an estimate of value, not an offer and not an appraisal.
- How much income does COOPER 348 generate in a year?
- COOPER 348 is forecast to net about $137K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in COOPER 348 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Eog Resources, Inc. |
|---|---|
| Field | Lipscomb (Cleveland) |
| County | Lipscomb County, Texas |
| RRC district | 10 |
| Lease number | 07627 |
| Wellbores | 4 |
| Reported production | 141,515 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $786K |
Where COOPER 348 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.