COWAN, ETAL
COWAN, ETAL is a Texas oil lease in Smith County, Railroad Commission district 06, operated by Jag Operating, L.L.C. It has 1 wellbore on file with the Commission. Reported production runs from November 2012 to August 2026, totalling 43,144 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 $357K, with roughly $69K 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 96 barrels a month. Its strongest month on the record we hold was November 2016, at 359 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 COWAN, ETAL
- Who operates COWAN, ETAL?
- COWAN, ETAL is operated by Jag Operating, L.L.C., Railroad Commission of Texas operator number 429573.
- Where is COWAN, ETAL?
- COWAN, ETAL is a Texas oil lease in Smith County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 15158.
- Is COWAN, ETAL still producing?
- COWAN, ETAL is currently producing. The most recent month of production reported to the Railroad Commission of Texas for COWAN, ETAL is August 2026.
- How much has COWAN, ETAL produced?
- COWAN, ETAL has reported 43,144 barrels of oil (bbl) to the Railroad Commission of Texas between November 2012 and August 2026, from 1 wellbore.
- How much is COWAN, ETAL worth?
- The remaining production from COWAN, ETAL is estimated to be worth about $357K in total as of 27 August 2026, within a range of $196K to $517K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in COWAN, ETAL is a fraction of it. The estimate fits an Arps decline curve to the production COWAN, ETAL has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for COWAN, ETAL is an estimate of value, not an offer and not an appraisal.
- How much income does COWAN, ETAL generate in a year?
- COWAN, ETAL is forecast to net about $69K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in COWAN, ETAL receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Jag Operating, L.L.C. |
|---|---|
| Field | Starville, Ne. (Pettit) |
| County | Smith County, Texas |
| RRC district | 06 |
| Lease number | 15158 |
| Wellbores | 1 |
| Reported production | 43,144 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $357K |
Where COWAN, ETAL 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.