COPE 107-108

Name: COPE 107-108 lease production and value, Apr 2014 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by SABLE PERMIAN RESOURCES, LLC (P-5 742251) in the LIN (WOLFCAMP) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 18617District 7CField 53613750OilCasinghead gasSave

Value, all time

$71.6 M

Apr 2014 – May 2020

Value, last 12 filed months

$10.5 M

at the published price for each month

Months reported

no gaps in the span

Streams

oil, casinghead gas

What this lease produced, and what it was worth

Oil and condensate are valued on the volume the state records as disposed of; gas and casinghead gas on the volume produced. They are different columns of different files, and the difference is not cosmetic.

Stream	Basis	Volume	Value
Oil	Disposition	1,005,423 bbl	$53,721,558
Casinghead gas	Production	6,215,376 Mcf	$17,919,125
Total			$71,640,683

Wells on this lease (11)

Every wellbore the Railroad Commission records against this lease key, with the depth, the last completion and the plug date exactly as filed. A well with no plug date is not stated to be producing — the state files no such flag.

These wells centre on 31.4824, -101.3376. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.8 miles.

31.48248, -101.33663 · centre of the wells drawn, derived⌘ or Ctrl + scroll to zoom

What these wells add up to

Every figure below is counted over all of this lease's wells, not over the rows listed above. The Railroad Commission files two facts about a well's state — a plug date and a proration-schedule flag — and a well can carry both, so they are published as separate counts and never merged into a status.

On the schedule

100.0%

11 of 11 wells

With a plug date

0.0%

0 of 11 wells

Median depth

7,224 ft

11 wells filed one

Completion to plug

—

no well filed both dates

What the state filed about each well

On the RRC proration schedule

11100.0%

A plug date is filed

00.0%

BothOn the schedule and plugged. Neither fact cancels the other.

00.0%

NeitherNo plug date, and not on the schedule.

00.0%

A plug date is the date the Commission recorded the wellbore as sealed with cement and abandoned. It is the only end-of-life fact Texas files. There is no "active" flag on a well, so this page does not print one — a well with no plug date is not stated to be producing.

How deep they were drilled

10k

12k

15k

20k+

Total depth in feet, 11 of 11 wells. Median 7,224 ft, with the middle half between 7,131 and 7,456 ft; the shallowest is 7,100 ft and the deepest 8,156 ft. The median is published rather than the mean, because a single mis-keyed depth moves a mean and cannot move a median.

When they were last completed

10s

20s

Last completion by decade, 11 of 11 wells, May 2014 – Jun 2023. This is the LAST completion filed on each wellbore, not the first — a well recompleted in 2019 counts once, in the 2010s.

Completions filed

May 2014 – Jun 2023

11 of 11 wells

11 wells


42-38338500	01H	7,147 ft	Jun 2023	—	Yes
42-38340217	47HD	8,156 ft	Sep 2021	—	Yes
42-38339671	31HS	7,124 ft	Aug 2021	—	Yes
42-38339670	75HE	7,545 ft	Aug 2021	—	Yes
42-38340450	15HC	7,523 ft	Feb 2019	—	Yes
42-38339592	21HS	7,121 ft	Feb 2017	—	Yes
42-38339690	07HA	7,224 ft	Dec 2016	—	Yes
42-38339689	02HA	7,335 ft	Nov 2016	—	Yes
42-38338853	05H	7,100 ft	Aug 2015	—	Yes
42-38338854	07H	7,388 ft	Aug 2015	—	Yes
42-38338501	03H	7,138 ft	May 2014	—	Yes

The API number is the state's, prefixed 42 for Texas. A well is matched to this lease by the lease key the Commission files on the wellbore record, so a well that has moved between leases appears under each one it was filed against.

Every month this lease reported (74)

Volume × price = value, one row per cycle. The price columns are the same series published on the prices page — nothing here is modelled.

74 months


May 2020	0	0	16.92	1.81	$0
Apr 2020	0	0	14.75	1.80	$0
Mar 2020	0	0	30.34	1.86	$0
Feb 2020	11,896	130,089	49.88	1.98	$851,036
Jan 2020	13,209	159,836	57.25	2.09	$1,091,030
Dec 2019	14,052	148,345	59.01	2.30	$1,171,049
Nov 2019	14,571	143,452	55.30	2.75	$1,200,370
Oct 2019	14,398	127,851	53.47	2.42	$1,079,074
Sep 2019	15,558	125,550	55.05	2.66	$1,190,089
Aug 2019	17,158	136,107	53.11	2.30	$1,224,901
Jul 2019	18,858	89,743	56.27	2.46	$1,281,913
Jun 2019	20,847	124,315	52.78	2.49	$1,409,998
May 2019	28,321	178,492	58.48	2.74	$2,145,337
Apr 2019	20,566	112,092	62.63	2.75	$1,596,380
Mar 2019	33,889	144,062	56.80	3.06	$2,366,027
Feb 2019	22,658	61,875	50.85	2.79	$1,324,928
Jan 2019	6,327	53,489	46.03	3.23	$463,904
Dec 2018	11,093	115,371	46.59	4.19	$999,701
Nov 2018	11,435	114,641	52.93	4.24	$1,091,016
Oct 2018	11,686	148,588	61.44	3.40	$1,222,902
Sep 2018	12,083	156,498	59.54	3.11	$1,205,818
Aug 2018	13,298	168,446	59.40	3.07	$1,306,451
Jul 2018	16,843	184,169	65.14	2.93	$1,637,114
Jun 2018	18,079	153,531	60.18	3.08	$1,560,397
May 2018	19,311	126,571	65.38	2.90	$1,629,710
Apr 2018	29,459	164,246	63.84	2.90	$2,357,107
Mar 2018	45,196	178,980	61.22	2.79	$3,265,688
Feb 2018	27,753	64,582	61.78	2.77	$1,893,222
Jan 2018	7,450	58,183	62.87	4.01	$701,656
Dec 2017	6,106	84,558	57.27	2.92	$596,729
Nov 2017	10,586	104,082	55.42	3.12	$911,241
Oct 2017	11,942	103,858	49.29	2.98	$898,500
Sep 2017	8,081	85,564	47.52	3.09	$648,169
Aug 2017	9,921	1,761	45.37	3.00	$455,407
Jul 2017	10,556	108,410	43.87	3.09	$797,784
Jun 2017	10,264	105,417	42.49	3.09	$761,569
May 2017	12,358	103,408	45.37	3.26	$898,144
Apr 2017	13,496	88,797	47.93	3.21	$932,044
Mar 2017	14,781	78,931	46.77	2.98	$926,812
Feb 2017	7,165	23,483	50.45	2.95	$430,810
Jan 2017	3,106	34,279	49.41	3.42	$270,661
Dec 2016	5,738	52,064	48.76	3.72	$473,610
Nov 2016	5,839	49,804	42.49	2.64	$379,798
Oct 2016	8,065	68,678	46.19	3.09	$584,755
Sep 2016	8,148	92,435	41.55	3.10	$625,156
Aug 2016	9,349	104,596	41.44	2.92	$693,297
Jul 2016	11,528	112,870	41.62	2.92	$809,866
Jun 2016	14,631	114,988	45.35	2.69	$972,354
May 2016	13,294	68,487	42.52	1.99	$701,621
Apr 2016	4,216	43,466	36.56	1.99	$240,680
Mar 2016	14,966	95,618	33.01	1.79	$665,567
Feb 2016	18,408	78,446	26.47	2.06	$649,143
Jan 2016	19,094	56,349	27.35	2.36	$655,450
Dec 2015	16,210	64,292	32.36	2.00	$653,230
Nov 2015	24,717	101,693	38.79	2.17	$1,179,175
Oct 2015	33,617	119,956	43.55	2.43	$1,755,103
Sep 2015	56,420	125,692	42.99	2.76	$2,772,207
Aug 2015	0	30,336	40.16	2.87	$87,140
Jul 2015	4,167	23,928	48.15	2.95	$271,111
Jun 2015	6,942	37,401	56.15	2.88	$497,615
May 2015	6,063	34,661	55.21	2.96	$437,177
Apr 2015	6,148	38,140	49.82	2.71	$409,522
Mar 2015	9,352	42,288	42.89	2.93	$525,210
Feb 2015	6,768	43,200	44.66	2.98	$430,830
Jan 2015	14,125	42,957	43.43	3.10	$746,643
Dec 2014	8,523	43,841	54.69	3.59	$623,572
Nov 2014	13,152	40,369	70.46	4.25	$1,098,332
Oct 2014	17,679	57,723	78.30	3.90	$1,609,441
Sep 2014	25,994	80,666	86.16	4.05	$2,565,973
Aug 2014	27,914	58,780	89.39	4.04	$2,732,417
Jul 2014	0	0	96.56	4.18	$0
Jun 2014	0	0	98.16	4.74	$0
May 2014	0	0	94.73	4.73	$0
Apr 2014	0	0	95.94	4.81	$0

How to read this page

The arithmetic is one multiplication per stream per month. Here it is, worked, on a real row from the table above.

Feb 2020 — as filed, then multipliedworked

Oil               11,896 bbl  × $ 49.88 =   $593,372
Casinghead gas   130,089 Mcf  × $  1.98 =   $257,663

────────────────────────────────────────────────────
Month total                                 $851,036

The volumes are the state's, unchanged

Every barrel and every Mcf on this page is a number the Railroad Commission of Texas published in its monthly production query. Nothing is modelled, estimated or filled in.

The dollars are a multiplication, not a valuation

Volume × a published monthly price. It is not what the operator was paid: it takes no account of a contract, a differential, a transportation deduction, or the share any one owner holds.

Oil and gas are priced differently

Oil is a Texas realisation — the crude oil first purchase price. Gas is a benchmark, because no free Texas wellhead gas series exists at any date. The prices page publishes the difference rather than correcting it away.

A lease is not a well

The state reports oil on lease and gas on well, and this page is the lease grain. 7C/O/18617 is the state's own key, not one this site invented.