COWDEN, JAX M., ET AL /NCT-D/

COWDEN, JAX M., ET AL /NCT-D/ is a Texas oil lease in Crane County, Railroad Commission district 08, operated by Chevron U. S. A. Inc. It has 26 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 3,112,633 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 $3.4M, with roughly $774K 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 1,073 barrels a month, about 41 per wellbore. Its strongest month on the record we hold was December 2016, at 4,657 barrels. In our own backtest, leases producing at this rate are forecast to within about 17% 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 COWDEN, JAX M., ET AL /NCT-D/

Who operates COWDEN, JAX M., ET AL /NCT-D/?: COWDEN, JAX M., ET AL /NCT-D/ is operated by Chevron U. S. A. Inc., Railroad Commission of Texas operator number 148113.
Where is COWDEN, JAX M., ET AL /NCT-D/?: COWDEN, JAX M., ET AL /NCT-D/ is a Texas oil lease in Crane County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 19915.
Is COWDEN, JAX M., ET AL /NCT-D/ still producing?: COWDEN, JAX M., ET AL /NCT-D/ is currently producing. The most recent month of production reported to the Railroad Commission of Texas for COWDEN, JAX M., ET AL /NCT-D/ is August 2026.
How much has COWDEN, JAX M., ET AL /NCT-D/ produced?: COWDEN, JAX M., ET AL /NCT-D/ has reported 3,112,633 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 26 wellbores.
How much is COWDEN, JAX M., ET AL /NCT-D/ worth?: The remaining production from COWDEN, JAX M., ET AL /NCT-D/ is estimated to be worth about $3.4M in total as of 26 August 2026, within a range of $2.9M to $4.0M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in COWDEN, JAX M., ET AL /NCT-D/ is a fraction of it. The estimate fits an Arps decline curve to the production COWDEN, JAX M., ET AL /NCT-D/ has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for COWDEN, JAX M., ET AL /NCT-D/ is an estimate of value, not an offer and not an appraisal.
How much income does COWDEN, JAX M., ET AL /NCT-D/ generate in a year?: COWDEN, JAX M., ET AL /NCT-D/ is forecast to net about $774K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in COWDEN, JAX M., ET AL /NCT-D/ receives a fraction of that, set by the decimal interest printed on their check stub.

Lease record

COWDEN, JAX M., ET AL /NCT-D/ as filed with the Railroad Commission of Texas
Operator	Chevron U. S. A. Inc.
Field	Bar-Mar (Dev.)
County	Crane County, Texas
RRC district	08
Lease number	19915
Wellbores	26
Reported production	3,112,633 bbl
First reported	January 1993
Last reported	August 2026
Estimated royalty value	$3.4M

Where COWDEN, JAX M., ET AL /NCT-D/ sits

Source: Railroad Commission of Texas lease production records, complete through August 2026. Figures on this page were computed on 26 August 2026.

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.