COWDEN, TOM
COWDEN, TOM is a Texas oil lease in Crane County, Railroad Commission district 08, operated by Mike Oil LLC. It has 6 wellbores on file with the Commission. Reported production runs from December 2023 to August 2026, totalling 2,854 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 $178K, with roughly $34K 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 67 barrels a month, about 11 per wellbore. Its strongest month on the record we hold was December 2024, at 320 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 COWDEN, TOM
- Who operates COWDEN, TOM?
- COWDEN, TOM is operated by Mike Oil LLC, Railroad Commission of Texas operator number 566777.
- Where is COWDEN, TOM?
- COWDEN, TOM is a Texas oil lease in Crane County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 60293.
- Is COWDEN, TOM still producing?
- COWDEN, TOM is currently producing. The most recent month of production reported to the Railroad Commission of Texas for COWDEN, TOM is August 2026.
- How much has COWDEN, TOM produced?
- COWDEN, TOM has reported 2,854 barrels of oil (bbl) to the Railroad Commission of Texas between December 2023 and August 2026, from 6 wellbores.
- How much is COWDEN, TOM worth?
- The remaining production from COWDEN, TOM is estimated to be worth about $178K in total as of 26 August 2026, within a range of $98K to $258K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in COWDEN, TOM is a fraction of it. The estimate fits an Arps decline curve to the production COWDEN, TOM has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for COWDEN, TOM is an estimate of value, not an offer and not an appraisal.
- How much income does COWDEN, TOM generate in a year?
- COWDEN, TOM is forecast to net about $34K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in COWDEN, TOM receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Mike Oil LLC |
|---|---|
| Field | Lea (Consolidated) |
| County | Crane County, Texas |
| RRC district | 08 |
| Lease number | 60293 |
| Wellbores | 6 |
| Reported production | 2,854 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $178K |
Where COWDEN, TOM 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.