COWDEN "48"
COWDEN "48" is a Texas oil lease in Crane County, Railroad Commission district 08, operated by C & F Petroleum, Inc. It has 2 wellbores on file with the Commission. Reported production runs from November 2005 to August 2026, totalling 174,462 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 $544K, with roughly $157K 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 248 barrels a month, about 124 per wellbore. Its strongest month on the record we hold was January 2017, at 745 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 "48"
- Who operates COWDEN "48"?
- COWDEN "48" is operated by C & F Petroleum, Inc., Railroad Commission of Texas operator number 120089.
- Where is COWDEN "48"?
- COWDEN "48" is a Texas oil lease in Crane County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 37640.
- Is COWDEN "48" still producing?
- COWDEN "48" is currently producing. The most recent month of production reported to the Railroad Commission of Texas for COWDEN "48" is August 2026.
- How much has COWDEN "48" produced?
- COWDEN "48" has reported 174,462 barrels of oil (bbl) to the Railroad Commission of Texas between November 2005 and August 2026, from 2 wellbores.
- How much is COWDEN "48" worth?
- The remaining production from COWDEN "48" is estimated to be worth about $544K in total as of 26 August 2026, within a range of $424K to $663K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in COWDEN "48" is a fraction of it. The estimate fits an Arps decline curve to the production COWDEN "48" has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for COWDEN "48" is an estimate of value, not an offer and not an appraisal.
- How much income does COWDEN "48" generate in a year?
- COWDEN "48" is forecast to net about $157K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in COWDEN "48" receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | C & F Petroleum, Inc. |
|---|---|
| Field | Roepke (Upper Devonian) |
| County | Crane County, Texas |
| RRC district | 08 |
| Lease number | 37640 |
| Wellbores | 2 |
| Reported production | 174,462 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $544K |
Where COWDEN "48" 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.