COWAN
COWAN is a Texas oil lease in Baylor County, Railroad Commission district 09, operated by Brower Oil & Gas Co., Inc. It has 1 wellbore on file with the Commission. Reported production runs from August 2005 to August 2026, totalling 14,624 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 $74K, with roughly $14K 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 17 barrels a month. Its strongest month on the record we hold was February 2019, at 135 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
- Who operates COWAN?
- COWAN is operated by Brower Oil & Gas Co., Inc., Railroad Commission of Texas operator number 097494.
- Where is COWAN?
- COWAN is a Texas oil lease in Baylor County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 30520.
- Is COWAN still producing?
- COWAN is currently producing. The most recent month of production reported to the Railroad Commission of Texas for COWAN is August 2026.
- How much has COWAN produced?
- COWAN has reported 14,624 barrels of oil (bbl) to the Railroad Commission of Texas between August 2005 and August 2026, from 1 wellbore.
- How much is COWAN worth?
- The remaining production from COWAN is estimated to be worth about $74K in total as of 27 August 2026, within a range of $41K to $108K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in COWAN is a fraction of it. The estimate fits an Arps decline curve to the production COWAN has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for COWAN is an estimate of value, not an offer and not an appraisal.
- How much income does COWAN generate in a year?
- COWAN is forecast to net about $14K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in COWAN receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Brower Oil & Gas Co., Inc. |
|---|---|
| Field | Seymour (Caddo) |
| County | Baylor County, Texas |
| RRC district | 09 |
| Lease number | 30520 |
| Wellbores | 1 |
| Reported production | 14,624 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $74K |
Where COWAN 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.