COWHERD
COWHERD is a Texas oil lease in Marion County, Railroad Commission district 06, operated by Fair Oil, Ltd. It has 1 wellbore on file with the Commission. Reported production runs from July 2000 to August 2026, totalling 93,799 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 $546K, with roughly $102K 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 138 barrels a month. Its strongest month on the record we hold was May 2018, at 426 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 COWHERD
- Who operates COWHERD?
- COWHERD is operated by Fair Oil, Ltd., Railroad Commission of Texas operator number 258410.
- Where is COWHERD?
- COWHERD is a Texas oil lease in Marion County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 14038.
- Is COWHERD still producing?
- COWHERD is currently producing. The most recent month of production reported to the Railroad Commission of Texas for COWHERD is August 2026.
- How much has COWHERD produced?
- COWHERD has reported 93,799 barrels of oil (bbl) to the Railroad Commission of Texas between July 2000 and August 2026, from 1 wellbore.
- How much is COWHERD worth?
- The remaining production from COWHERD is estimated to be worth about $546K in total as of 26 August 2026, within a range of $426K to $666K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in COWHERD is a fraction of it. The estimate fits an Arps decline curve to the production COWHERD has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for COWHERD is an estimate of value, not an offer and not an appraisal.
- How much income does COWHERD generate in a year?
- COWHERD is forecast to net about $102K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in COWHERD receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Fair Oil, Ltd. |
|---|---|
| Field | Green Fox (Page) |
| County | Marion County, Texas |
| RRC district | 06 |
| Lease number | 14038 |
| Wellbores | 1 |
| Reported production | 93,799 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $546K |
Where COWHERD 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.