COPE 107-108
COPE 107-108 is a Texas oil lease in Reagan County, Railroad Commission district 7C, operated by Sable Permian Resources, LLC. It has 11 wellbores on file with the Commission. Reported production runs from March 2020 to August 2026, totalling 351,011 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 $10.0M, with roughly $3.1M 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 1,712 barrels a month, about 156 per wellbore. Its strongest month on the record we hold was March 2020, at 12,351 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 COPE 107-108
- Who operates COPE 107-108?
- COPE 107-108 is operated by Sable Permian Resources, LLC, Railroad Commission of Texas operator number 742251.
- Where is COPE 107-108?
- COPE 107-108 is a Texas oil lease in Reagan County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 20670.
- Is COPE 107-108 still producing?
- COPE 107-108 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for COPE 107-108 is August 2026.
- How much has COPE 107-108 produced?
- COPE 107-108 has reported 351,011 barrels of oil (bbl) to the Railroad Commission of Texas between March 2020 and August 2026, from 11 wellbores.
- How much is COPE 107-108 worth?
- The remaining production from COPE 107-108 is estimated to be worth about $10.0M in total as of 27 August 2026, within a range of $8.3M to $11.7M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in COPE 107-108 is a fraction of it. The estimate fits an Arps decline curve to the production COPE 107-108 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for COPE 107-108 is an estimate of value, not an offer and not an appraisal.
- How much income does COPE 107-108 generate in a year?
- COPE 107-108 is forecast to net about $3.1M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in COPE 107-108 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Sable Permian Resources, LLC |
|---|---|
| Field | Spraberry (Trend Area) R 40 Exc |
| County | Reagan County, Texas |
| RRC district | 7C |
| Lease number | 20670 |
| Wellbores | 11 |
| Reported production | 351,011 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $10.0M |
Where COPE 107-108 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.