COP
COP is a Texas oil lease in Winkler County, Railroad Commission district 08, operated by Boyd & Mcwilliams Operating, LLC. It has 12 wellbores on file with the Commission. Reported production runs from October 2020 to August 2026, totalling 3,485,394 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 $193.7M, with roughly $48.0M 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 67,099 barrels a month, about 5,592 per wellbore. Its strongest month on the record we hold was March 2024, at 84,896 barrels. In our own backtest, leases producing at this rate are forecast to within about 18% 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 COP
- Who operates COP?
- COP is operated by Boyd & Mcwilliams Operating, LLC, Railroad Commission of Texas operator number 084751.
- Where is COP?
- COP is a Texas oil lease in Winkler County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 56269.
- Is COP still producing?
- COP is currently producing. The most recent month of production reported to the Railroad Commission of Texas for COP is August 2026.
- How much has COP produced?
- COP has reported 3,485,394 barrels of oil (bbl) to the Railroad Commission of Texas between October 2020 and August 2026, from 12 wellbores.
- How much is COP worth?
- The remaining production from COP is estimated to be worth about $193.7M in total as of 26 August 2026, within a range of $158.8M to $228.6M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in COP is a fraction of it. The estimate fits an Arps decline curve to the production COP has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for COP is an estimate of value, not an offer and not an appraisal.
- How much income does COP generate in a year?
- COP is forecast to net about $48.0M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in COP receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Boyd & Mcwilliams Operating, LLC |
|---|---|
| Field | Keystone (Wolfcamp) |
| County | Winkler County, Texas |
| RRC district | 08 |
| Lease number | 56269 |
| Wellbores | 12 |
| Reported production | 3,485,394 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $193.7M |
Where COP 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.