COPE-BODINE
COPE-BODINE is a Texas oil lease in Sterling County, Railroad Commission district 08, operated by Independence Resources MGMT, LLC. It has 3 wellbores on file with the Commission. Reported production runs from April 2020 to August 2026, totalling 4,790 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 $264K, with roughly $45K 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 37 barrels a month, about 12 per wellbore. Its strongest month on the record we hold was July 2023, at 144 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 COPE-BODINE
- Who operates COPE-BODINE?
- COPE-BODINE is operated by Independence Resources MGMT, LLC, Railroad Commission of Texas operator number 423716.
- Where is COPE-BODINE?
- COPE-BODINE is a Texas oil lease in Sterling County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 54479.
- Is COPE-BODINE still producing?
- COPE-BODINE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for COPE-BODINE is August 2026.
- How much has COPE-BODINE produced?
- COPE-BODINE has reported 4,790 barrels of oil (bbl) to the Railroad Commission of Texas between April 2020 and August 2026, from 3 wellbores.
- How much is COPE-BODINE worth?
- The remaining production from COPE-BODINE is estimated to be worth about $264K in total as of 26 August 2026, within a range of $145K to $382K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in COPE-BODINE is a fraction of it. The estimate fits an Arps decline curve to the production COPE-BODINE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for COPE-BODINE is an estimate of value, not an offer and not an appraisal.
- How much income does COPE-BODINE generate in a year?
- COPE-BODINE is forecast to net about $45K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in COPE-BODINE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Independence Resources MGMT, LLC |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Sterling County, Texas |
| RRC district | 08 |
| Lease number | 54479 |
| Wellbores | 3 |
| Reported production | 4,790 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $264K |
Where COPE-BODINE 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.