COWAN & MCKINNEY -E-
COWAN & MCKINNEY -E- is a Texas oil lease in Archer County, Railroad Commission district 09, operated by Delray Oil, Inc. It has 5 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 18,136 barrels. The lease is intermittent. 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 $14K, with roughly $3K 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 3 barrels a month, about 1 per wellbore. Its strongest month on the record we hold was September 2016, at 153 barrels. In our own backtest, leases producing at this rate are forecast to within about 100% 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 & MCKINNEY -E-
- Who operates COWAN & MCKINNEY -E-?
- COWAN & MCKINNEY -E- is operated by Delray Oil, Inc., Railroad Commission of Texas operator number 213275.
- Where is COWAN & MCKINNEY -E-?
- COWAN & MCKINNEY -E- is a Texas oil lease in Archer County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 01078.
- Is COWAN & MCKINNEY -E- still producing?
- COWAN & MCKINNEY -E- is intermittent. The most recent month of production reported to the Railroad Commission of Texas for COWAN & MCKINNEY -E- is August 2026.
- How much has COWAN & MCKINNEY -E- produced?
- COWAN & MCKINNEY -E- has reported 18,136 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 5 wellbores.
- How much is COWAN & MCKINNEY -E- worth?
- The remaining production from COWAN & MCKINNEY -E- is estimated to be worth about $14K in total as of 26 August 2026, within a range of $0 to $29K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in COWAN & MCKINNEY -E- is a fraction of it. The estimate fits an Arps decline curve to the production COWAN & MCKINNEY -E- has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for COWAN & MCKINNEY -E- is an estimate of value, not an offer and not an appraisal.
- How much income does COWAN & MCKINNEY -E- generate in a year?
- COWAN & MCKINNEY -E- is forecast to net about $3K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in COWAN & MCKINNEY -E- receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Delray Oil, Inc. |
|---|---|
| Field | Jefferson, Ne. (Caddo Lime) |
| County | Archer County, Texas |
| RRC district | 09 |
| Lease number | 01078 |
| Wellbores | 5 |
| Reported production | 18,136 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $14K |
Where COWAN & MCKINNEY -E- 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.