COWDEN 30X
COWDEN 30X is a Texas oil lease in Midland County, Railroad Commission district 08, operated by Encana Oil & Gas(USA) Inc. It has 2 wellbores on file with the Commission. Reported production runs from July 2017 to August 2026, totalling 359,868 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 $1.3M, with roughly $633K 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 608 barrels a month, about 304 per wellbore. Its strongest month on the record we hold was August 2017, at 32,669 barrels. In our own backtest, leases producing at this rate are forecast to within about 22% 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 30X
- Who operates COWDEN 30X?
- COWDEN 30X is operated by Encana Oil & Gas(USA) Inc., Railroad Commission of Texas operator number 251691.
- Where is COWDEN 30X?
- COWDEN 30X is a Texas oil lease in Midland County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 49308.
- Is COWDEN 30X still producing?
- COWDEN 30X is currently producing. The most recent month of production reported to the Railroad Commission of Texas for COWDEN 30X is August 2026.
- How much has COWDEN 30X produced?
- COWDEN 30X has reported 359,868 barrels of oil (bbl) to the Railroad Commission of Texas between July 2017 and August 2026, from 2 wellbores.
- How much is COWDEN 30X worth?
- The remaining production from COWDEN 30X is estimated to be worth about $1.3M in total as of 26 August 2026, within a range of $1.0M to $1.6M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in COWDEN 30X is a fraction of it. The estimate fits an Arps decline curve to the production COWDEN 30X has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for COWDEN 30X is an estimate of value, not an offer and not an appraisal.
- How much income does COWDEN 30X generate in a year?
- COWDEN 30X is forecast to net about $633K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in COWDEN 30X receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Encana Oil & Gas(USA) Inc. |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Midland County, Texas |
| RRC district | 08 |
| Lease number | 49308 |
| Wellbores | 2 |
| Reported production | 359,868 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.3M |
Where COWDEN 30X 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.