RHODES COWDEN UNIT
RHODES COWDEN UNIT is a Texas oil lease in Ector County, Railroad Commission district 08, operated by Oxy USA Inc. It has 170 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 8,151,196 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 $13.2M, with roughly $3.5M 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 5,400 barrels a month, about 32 per wellbore. Its strongest month on the record we hold was November 2016, at 14,890 barrels. In our own backtest, leases producing at this rate are forecast to within about 17% 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 RHODES COWDEN UNIT
- Who operates RHODES COWDEN UNIT?
- RHODES COWDEN UNIT is operated by Oxy USA Inc., Railroad Commission of Texas operator number 630591.
- Where is RHODES COWDEN UNIT?
- RHODES COWDEN UNIT is a Texas oil lease in Ector County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 20538.
- Is RHODES COWDEN UNIT still producing?
- RHODES COWDEN UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for RHODES COWDEN UNIT is August 2026.
- How much has RHODES COWDEN UNIT produced?
- RHODES COWDEN UNIT has reported 8,151,196 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 170 wellbores.
- How much is RHODES COWDEN UNIT worth?
- The remaining production from RHODES COWDEN UNIT is estimated to be worth about $13.2M in total as of 27 August 2026, within a range of $10.9M to $15.4M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in RHODES COWDEN UNIT is a fraction of it. The estimate fits an Arps decline curve to the production RHODES COWDEN UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for RHODES COWDEN UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does RHODES COWDEN UNIT generate in a year?
- RHODES COWDEN UNIT is forecast to net about $3.5M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in RHODES COWDEN UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Oxy USA Inc. |
|---|---|
| Field | Cowden, North |
| County | Ector County, Texas |
| RRC district | 08 |
| Lease number | 20538 |
| Wellbores | 170 |
| Reported production | 8,151,196 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $13.2M |
Where RHODES COWDEN UNIT 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.