COPPERHEAD 23
COPPERHEAD 23 is a Texas gas lease in Reeves County, Railroad Commission district 08, operated by MDC Texas Operator LLC. It has 1 wellbore on file with the Commission. Reported production runs from May 2018 to August 2026, totalling 1,022,778 thousand cubic feet. The lease is intermittent. 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 $122K, with roughly $49K 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 1,334 thousand cubic feet a month. Its strongest month on the record we hold was October 2018, at 50,240 thousand cubic feet. 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 COPPERHEAD 23
- Who operates COPPERHEAD 23?
- COPPERHEAD 23 is operated by MDC Texas Operator LLC, Railroad Commission of Texas operator number 556511.
- Where is COPPERHEAD 23?
- COPPERHEAD 23 is a Texas gas lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 289064.
- Is COPPERHEAD 23 still producing?
- COPPERHEAD 23 is intermittent. The most recent month of production reported to the Railroad Commission of Texas for COPPERHEAD 23 is August 2026.
- How much has COPPERHEAD 23 produced?
- COPPERHEAD 23 has reported 1,022,778 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between May 2018 and August 2026, from 1 wellbore.
- How much is COPPERHEAD 23 worth?
- The remaining production from COPPERHEAD 23 is estimated to be worth about $122K in total as of 26 August 2026, within a range of $102K to $143K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in COPPERHEAD 23 is a fraction of it. The estimate fits an Arps decline curve to the production COPPERHEAD 23 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for COPPERHEAD 23 is an estimate of value, not an offer and not an appraisal.
- How much income does COPPERHEAD 23 generate in a year?
- COPPERHEAD 23 is forecast to net about $49K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in COPPERHEAD 23 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | MDC Texas Operator LLC |
|---|---|
| Field | Phantom (Wolfcamp) |
| County | Reeves County, Texas |
| RRC district | 08 |
| Lease number | 289064 |
| Wellbores | 1 |
| Reported production | 1,022,778 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $122K |
Where COPPERHEAD 23 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.