MCCOWAN UNIT
MCCOWAN UNIT is a Texas oil lease in Lee County, Railroad Commission district 03, operated by Venado Oil & Gas, LLC. It has 2 wellbores on file with the Commission. Reported production runs from May 2014 to August 2026, totalling 487,994 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 $8.6M, with roughly $3.0M 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 6,697 barrels a month, about 3,348 per wellbore. Its strongest month on the record we hold was December 2024, at 22,452 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 MCCOWAN UNIT
- Who operates MCCOWAN UNIT?
- MCCOWAN UNIT is operated by Venado Oil & Gas, LLC, Railroad Commission of Texas operator number 884501.
- Where is MCCOWAN UNIT?
- MCCOWAN UNIT is a Texas oil lease in Lee County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 26661.
- Is MCCOWAN UNIT still producing?
- MCCOWAN UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MCCOWAN UNIT is August 2026.
- How much has MCCOWAN UNIT produced?
- MCCOWAN UNIT has reported 487,994 barrels of oil (bbl) to the Railroad Commission of Texas between May 2014 and August 2026, from 2 wellbores.
- How much is MCCOWAN UNIT worth?
- The remaining production from MCCOWAN UNIT is estimated to be worth about $8.6M in total as of 26 August 2026, within a range of $7.2M to $10.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MCCOWAN UNIT is a fraction of it. The estimate fits an Arps decline curve to the production MCCOWAN UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MCCOWAN UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does MCCOWAN UNIT generate in a year?
- MCCOWAN UNIT is forecast to net about $3.0M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MCCOWAN UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Venado Oil & Gas, LLC |
|---|---|
| Field | Southern Bay (Eagle Ford) |
| County | Lee County, Texas |
| RRC district | 03 |
| Lease number | 26661 |
| Wellbores | 2 |
| Reported production | 487,994 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $8.6M |
Where MCCOWAN 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.