COODY 40
COODY 40 is a Texas oil lease in Stephens County, Railroad Commission district 7B, operated by Tracer Operating, Inc. It has 3 wellbores on file with the Commission. Reported production runs from May 2013 to August 2026, totalling 58,389 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 $451K, with roughly $81K 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 100 barrels a month, about 33 per wellbore. Its strongest month on the record we hold was July 2016, at 1,028 barrels. In our own backtest, leases producing at this rate are forecast to within about 45% 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 COODY 40
- Who operates COODY 40?
- COODY 40 is operated by Tracer Operating, Inc., Railroad Commission of Texas operator number 863965.
- Where is COODY 40?
- COODY 40 is a Texas oil lease in Stephens County, Texas, in Railroad Commission district 7B. Its Railroad Commission lease number is 31283.
- Is COODY 40 still producing?
- COODY 40 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for COODY 40 is August 2026.
- How much has COODY 40 produced?
- COODY 40 has reported 58,389 barrels of oil (bbl) to the Railroad Commission of Texas between May 2013 and August 2026, from 3 wellbores.
- How much is COODY 40 worth?
- The remaining production from COODY 40 is estimated to be worth about $451K in total as of 26 August 2026, within a range of $248K to $654K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in COODY 40 is a fraction of it. The estimate fits an Arps decline curve to the production COODY 40 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for COODY 40 is an estimate of value, not an offer and not an appraisal.
- How much income does COODY 40 generate in a year?
- COODY 40 is forecast to net about $81K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in COODY 40 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Tracer Operating, Inc. |
|---|---|
| Field | Stephens County Regular |
| County | Stephens County, Texas |
| RRC district | 7B |
| Lease number | 31283 |
| Wellbores | 3 |
| Reported production | 58,389 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $451K |
Where COODY 40 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.