COWDEN -12-
COWDEN -12- is a Texas oil lease in Ector County, Railroad Commission district 08, operated by Citation Oil & Gas Corp. It has 10 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 379,173 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 $1.3M, with roughly $288K 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 421 barrels a month, about 42 per wellbore. Its strongest month on the record we hold was September 2017, at 808 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 -12-
- Who operates COWDEN -12-?
- COWDEN -12- is operated by Citation Oil & Gas Corp., Railroad Commission of Texas operator number 154235.
- Where is COWDEN -12-?
- COWDEN -12- is a Texas oil lease in Ector County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 32108.
- Is COWDEN -12- still producing?
- COWDEN -12- is currently producing. The most recent month of production reported to the Railroad Commission of Texas for COWDEN -12- is August 2026.
- How much has COWDEN -12- produced?
- COWDEN -12- has reported 379,173 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 10 wellbores.
- How much is COWDEN -12- worth?
- The remaining production from COWDEN -12- is estimated to be worth about $1.3M in total as of 26 August 2026, within a range of $989K to $1.5M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in COWDEN -12- is a fraction of it. The estimate fits an Arps decline curve to the production COWDEN -12- has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for COWDEN -12- is an estimate of value, not an offer and not an appraisal.
- How much income does COWDEN -12- generate in a year?
- COWDEN -12- is forecast to net about $288K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in COWDEN -12- receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Citation Oil & Gas Corp. |
|---|---|
| Field | Harper (Glorieta) |
| County | Ector County, Texas |
| RRC district | 08 |
| Lease number | 32108 |
| Wellbores | 10 |
| Reported production | 379,173 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.3M |
Where COWDEN -12- 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.