COPELAND-MITCHELL 'L'
COPELAND-MITCHELL 'L' is a Texas oil lease in Stephens County, Railroad Commission district 7B, operated by Delta Oil & Gas Ltd. It has 1 wellbore on file with the Commission. Reported production runs from February 2015 to August 2026, totalling 5,197 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 $106K, with roughly $19K 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 17 barrels a month. Its strongest month on the record we hold was December 2016, at 78 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 COPELAND-MITCHELL 'L'
- Who operates COPELAND-MITCHELL 'L'?
- COPELAND-MITCHELL 'L' is operated by Delta Oil & Gas Ltd., Railroad Commission of Texas operator number 213703.
- Where is COPELAND-MITCHELL 'L'?
- COPELAND-MITCHELL 'L' is a Texas oil lease in Stephens County, Texas, in Railroad Commission district 7B. Its Railroad Commission lease number is 31904.
- Is COPELAND-MITCHELL 'L' still producing?
- COPELAND-MITCHELL 'L' is currently producing. The most recent month of production reported to the Railroad Commission of Texas for COPELAND-MITCHELL 'L' is August 2026.
- How much has COPELAND-MITCHELL 'L' produced?
- COPELAND-MITCHELL 'L' has reported 5,197 barrels of oil (bbl) to the Railroad Commission of Texas between February 2015 and August 2026, from 1 wellbore.
- How much is COPELAND-MITCHELL 'L' worth?
- The remaining production from COPELAND-MITCHELL 'L' is estimated to be worth about $106K in total as of 26 August 2026, within a range of $58K to $154K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in COPELAND-MITCHELL 'L' is a fraction of it. The estimate fits an Arps decline curve to the production COPELAND-MITCHELL 'L' has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for COPELAND-MITCHELL 'L' is an estimate of value, not an offer and not an appraisal.
- How much income does COPELAND-MITCHELL 'L' generate in a year?
- COPELAND-MITCHELL 'L' is forecast to net about $19K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in COPELAND-MITCHELL 'L' receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Delta Oil & Gas Ltd. |
|---|---|
| Field | Caddo (Conglomerate) |
| County | Stephens County, Texas |
| RRC district | 7B |
| Lease number | 31904 |
| Wellbores | 1 |
| Reported production | 5,197 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $106K |
Where COPELAND-MITCHELL 'L' 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.