COPELAND
COPELAND is a Texas oil lease in Sterling County, Railroad Commission district 7C, operated by Axis Energy Corporation. It has 2 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 12,139 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 $201K, with roughly $31K 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 14 barrels a month, about 7 per wellbore. Its strongest month on the record we hold was January 2023, at 150 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
- Who operates COPELAND?
- COPELAND is operated by Axis Energy Corporation, Railroad Commission of Texas operator number 039136.
- Where is COPELAND?
- COPELAND is a Texas oil lease in Sterling County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 07031.
- Is COPELAND still producing?
- COPELAND is currently producing. The most recent month of production reported to the Railroad Commission of Texas for COPELAND is August 2026.
- How much has COPELAND produced?
- COPELAND has reported 12,139 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 2 wellbores.
- How much is COPELAND worth?
- The remaining production from COPELAND is estimated to be worth about $201K in total as of 26 August 2026, within a range of $111K to $291K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in COPELAND is a fraction of it. The estimate fits an Arps decline curve to the production COPELAND has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for COPELAND is an estimate of value, not an offer and not an appraisal.
- How much income does COPELAND generate in a year?
- COPELAND is forecast to net about $31K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in COPELAND receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Axis Energy Corporation |
|---|---|
| Field | Jameson |
| County | Sterling County, Texas |
| RRC district | 7C |
| Lease number | 07031 |
| Wellbores | 2 |
| Reported production | 12,139 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $201K |
Where COPELAND 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.