COWDEN28
COWDEN28 is a Texas oil lease in Upton County, Railroad Commission district 7C, operated by Henry Petroleum LP. It has 2 wellbores on file with the Commission. Reported production runs from January 2006 to August 2026, totalling 110,036 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 $626K, with roughly $108K 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 120 barrels a month, about 60 per wellbore. Its strongest month on the record we hold was May 2018, at 1,175 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 COWDEN28
- Who operates COWDEN28?
- COWDEN28 is operated by Henry Petroleum LP, Railroad Commission of Texas operator number 378642.
- Where is COWDEN28?
- COWDEN28 is a Texas oil lease in Upton County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 15873.
- Is COWDEN28 still producing?
- COWDEN28 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for COWDEN28 is August 2026.
- How much has COWDEN28 produced?
- COWDEN28 has reported 110,036 barrels of oil (bbl) to the Railroad Commission of Texas between January 2006 and August 2026, from 2 wellbores.
- How much is COWDEN28 worth?
- The remaining production from COWDEN28 is estimated to be worth about $626K in total as of 26 August 2026, within a range of $489K to $764K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in COWDEN28 is a fraction of it. The estimate fits an Arps decline curve to the production COWDEN28 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for COWDEN28 is an estimate of value, not an offer and not an appraisal.
- How much income does COWDEN28 generate in a year?
- COWDEN28 is forecast to net about $108K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in COWDEN28 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Henry Petroleum LP |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Upton County, Texas |
| RRC district | 7C |
| Lease number | 15873 |
| Wellbores | 2 |
| Reported production | 110,036 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $626K |
Where COWDEN28 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.