COWTOWNS CAT 3903B
COWTOWNS CAT 3903B is a Texas oil lease in Reagan County, Railroad Commission district 7C, operated by Civitas Permian Operating, LLC. It has 1 wellbore on file with the Commission. Reported production runs from January 2024 to August 2026, totalling 173,244 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 $5.6M, with roughly $1.9M 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 3,817 barrels a month. Its strongest month on the record we hold was August 2024, at 28,046 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 COWTOWNS CAT 3903B
- Who operates COWTOWNS CAT 3903B?
- COWTOWNS CAT 3903B is operated by Civitas Permian Operating, LLC, Railroad Commission of Texas operator number 101577.
- Where is COWTOWNS CAT 3903B?
- COWTOWNS CAT 3903B is a Texas oil lease in Reagan County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 22554.
- Is COWTOWNS CAT 3903B still producing?
- COWTOWNS CAT 3903B is currently producing. The most recent month of production reported to the Railroad Commission of Texas for COWTOWNS CAT 3903B is August 2026.
- How much has COWTOWNS CAT 3903B produced?
- COWTOWNS CAT 3903B has reported 173,244 barrels of oil (bbl) to the Railroad Commission of Texas between January 2024 and August 2026, from 1 wellbore.
- How much is COWTOWNS CAT 3903B worth?
- The remaining production from COWTOWNS CAT 3903B is estimated to be worth about $5.6M in total as of 27 August 2026, within a range of $4.6M to $6.5M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in COWTOWNS CAT 3903B is a fraction of it. The estimate fits an Arps decline curve to the production COWTOWNS CAT 3903B has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for COWTOWNS CAT 3903B is an estimate of value, not an offer and not an appraisal.
- How much income does COWTOWNS CAT 3903B generate in a year?
- COWTOWNS CAT 3903B is forecast to net about $1.9M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in COWTOWNS CAT 3903B receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Civitas Permian Operating, LLC |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Reagan County, Texas |
| RRC district | 7C |
| Lease number | 22554 |
| Wellbores | 1 |
| Reported production | 173,244 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $5.6M |
Where COWTOWNS CAT 3903B 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.