Skip to content
Royalty Clerk

Texas oil lease

Producing

COWAN UNIT

Cowan Unit is an oil lease in Smith County, Texas, operated by Valence Operating Company in the Girlie Caldwell (Goodland LM) field.

1 well

3,159bbl oil, last 12 months−37% vs prior year
Operator
Valence Operating Company
County
Smith County
Field
Girlie Caldwell (Goodland LM)
RRC lease
06-15266

Is your check right?

Check my statement

Where it sits

This county

Smith CountySmithVan ZandtGreggUpshurWoodRuskCampRainsHendersonSmith County
Smith County
Gas, last 12 months
3,169 mcf
Oil in Jul 2026
361 bbl

Production by month

Oil output fell 37% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 37% over the last 12 monthsMonthly oil production and gas for COWAN UNIT, Aug 2023 to Jul 2026. Oil output fell 37% over the last 12 months. 3,159 bbl in the 12 months through Jul 2026, against 4,996 bbl in the 12 months before.Last 12 months: 3,159 bblbbl per monthmcf per month00200200400400600600800800Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 37% over the last 12 monthsMonthly oil production and gas for COWAN UNIT, Aug 2023 to Jul 2026. Oil output fell 37% over the last 12 months. 3,159 bbl in the 12 months through Jul 2026, against 4,996 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month00200200400400600600800800Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

All of the gas went to flaring in the last 12 months

Flaring peaked at 100.0% of the gas in Aug 2023.

  • Lease fuel (1)
  • Flared (4)
All of the gas went to flaring in the last 12 monthsShare of COWAN UNIT gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to flaring in the last 12 months. Flaring peaked at 100.0% of the gas in Aug 2023.Share of the lease’s gas by disposition code, per month0%50%100%Flared 100.0%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
All of the gas went to flaring in the last 12 monthsShare of COWAN UNIT gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to flaring in the last 12 months. Flaring peaked at 100.0% of the gas in Aug 2023.Share of gas by disposition code0%50%100%Flared 100.0%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

100.0% of the gas flared in the last 12 months. 35 months above 3%.

1 well on this lease

Wells on COWAN UNIT
API numberWell no.Status
42-423-323351HActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Dk Trading & Supply, LLCOilGathers90May 1, 2025–
Energy Transfer Marketing & TermOilGathers10Dec 1, 2022–
Lion Oil Trading & Trans, LLCOilGathers90Sep 1, 2020May 1, 2025
Sunoco Ptnrs. Mktg.&terminals LPOilGathers10Sep 1, 2020Dec 1, 2022
Sunoco Ptnrs. Mktg.&terminals LPOilGathers100Mar 1, 2016Sep 1, 2020

SourceRailroad Commission Form P-4 file, Sep 24, 2026 (source).

Who buys my oilOil price check

485.95 acres on the newest permit

Permits for Cowan Unit
API numberWell no.Acreson the permit
42-423-323351H485.95

SourceRailroad Commission drilling permits, Sep 26, 2026 (source 1, source 2).

Unit decimal checker

Estimate your royalty

36 months, newest first

Ledger for COWAN UNIT
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 202636133125025$80.46$2.89
Jun 202652064064$84.81$3.15
May 20266041041$102.13$2.94
Apr 202632040040$100.32$2.77
Mar 20262086472940294$91.38$3.04
Feb 202630422340234$64.51$3.62
Jan 20263393203750375$60.04$7.72
Dec 20253863433610361$57.97$4.26
Nov 20253164922710271$60.06$3.79
Oct 20253821694490449$60.89$3.19
Sep 20253355045090509$63.96$2.97
Aug 20254384795060506$64.86$2.91
Jul 20254583313060306$68.39$3.20
Jun 20253774912460246$68.17$3.02
May 20253551663160316$62.17$3.12
Apr 20254014883650365$63.54$3.42
Mar 20253853303900390$68.24$4.12
Feb 20253326284330433$71.53$4.19
Jan 20254871685420542$75.74$4.13
Dec 20245035094590459$70.12$3.01
Nov 20243263332600260$69.95$2.12
Oct 20244004774240424$71.99$2.20
Sep 20244103184530453$70.24$2.28
Aug 20245626796210621$76.68$1.99
Jul 202429231594094$81.80$2.07
Jun 20243314872090209$79.77$2.54
May 20244823332860286$80.02$2.12
Apr 20244384863300330$85.35$1.60
Mar 20243533233600360$81.28$1.49
Feb 20244526684480448$77.25$1.72
Jan 20244111674190419$74.15$3.18
Dec 20235064965370537$71.90$2.52
Nov 20235335113540354$77.69$2.71
Oct 20236458173470347$85.64$2.98
Sep 202323406000$89.43$2.64
Aug 20231481531150115$81.39$2.58

Flared above 3%

SourceTexas Railroad Commission Production Data Query, through Jul 2026. Prices: EIA, through Aug 2026. Updated Sep 28, 2026.

How to check your stub against this lease

Do your checks match this lease?

Check my statement

Nearby

This lease belongs to

OperatorValence Operating CompanyFieldGirlie Caldwell (Goodland LM)CountySmith County

Valence Operating Company in Smith County

All Valence Operating Company leases →

Girlie Caldwell (Goodland LM) field

All leases in this field →

Leases within 10 km

Drilling permits within 10 km