COWDEN 32D
COWDEN 32D is a Texas oil lease in Midland County, Railroad Commission district 08, operated by Encana Oil & Gas(USA) Inc. It has 5 wellbores on file with the Commission. Reported production runs from June 2017 to August 2026, totalling 1,229,420 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 $9.8M, with roughly $3.1M 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 4,145 barrels a month, about 829 per wellbore. Its strongest month on the record we hold was May 2018, at 43,208 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 32D
- Who operates COWDEN 32D?
- COWDEN 32D is operated by Encana Oil & Gas(USA) Inc., Railroad Commission of Texas operator number 251691.
- Where is COWDEN 32D?
- COWDEN 32D is a Texas oil lease in Midland County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 49573.
- Is COWDEN 32D still producing?
- COWDEN 32D is currently producing. The most recent month of production reported to the Railroad Commission of Texas for COWDEN 32D is August 2026.
- How much has COWDEN 32D produced?
- COWDEN 32D has reported 1,229,420 barrels of oil (bbl) to the Railroad Commission of Texas between June 2017 and August 2026, from 5 wellbores.
- How much is COWDEN 32D worth?
- The remaining production from COWDEN 32D is estimated to be worth about $9.8M in total as of 26 August 2026, within a range of $8.2M to $11.5M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in COWDEN 32D is a fraction of it. The estimate fits an Arps decline curve to the production COWDEN 32D has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for COWDEN 32D is an estimate of value, not an offer and not an appraisal.
- How much income does COWDEN 32D generate in a year?
- COWDEN 32D is forecast to net about $3.1M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in COWDEN 32D 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 | 49573 |
| Wellbores | 5 |
| Reported production | 1,229,420 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $9.8M |
Where COWDEN 32D 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.