COWAN UNIT
COWAN UNIT is a Texas oil lease in Smith County, Railroad Commission district 06, operated by Eog Resources, Inc. It has 1 wellbore on file with the Commission. Reported production runs from October 2013 to August 2026, totalling 167,075 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 $535K, with roughly $202K 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 328 barrels a month. Its strongest month on the record we hold was October 2016, at 1,575 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 COWAN UNIT
- Who operates COWAN UNIT?
- COWAN UNIT is operated by Eog Resources, Inc., Railroad Commission of Texas operator number 253162.
- Where is COWAN UNIT?
- COWAN UNIT is a Texas oil lease in Smith County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 15266.
- Is COWAN UNIT still producing?
- COWAN UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for COWAN UNIT is August 2026.
- How much has COWAN UNIT produced?
- COWAN UNIT has reported 167,075 barrels of oil (bbl) to the Railroad Commission of Texas between October 2013 and August 2026, from 1 wellbore.
- How much is COWAN UNIT worth?
- The remaining production from COWAN UNIT is estimated to be worth about $535K in total as of 26 August 2026, within a range of $417K to $652K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in COWAN UNIT is a fraction of it. The estimate fits an Arps decline curve to the production COWAN UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for COWAN UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does COWAN UNIT generate in a year?
- COWAN UNIT is forecast to net about $202K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in COWAN UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Eog Resources, Inc. |
|---|---|
| Field | Girlie Caldwell (Goodland LM) |
| County | Smith County, Texas |
| RRC district | 06 |
| Lease number | 15266 |
| Wellbores | 1 |
| Reported production | 167,075 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $535K |
Where COWAN 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.