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Texas oil lease

Producing

COWDEN 10

Cowden 10 is an oil lease in Crane County, Texas, operated by Formentera Operations LLC in the McElroy field.

3 wells

3,875bbl oil, last 12 months+34% vs prior year
Operator
Formentera Operations LLC
County
Crane County
Field
McElroy
RRC lease
08-44518

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Where it sits

This county

Crane CountyCraneUptonMidlandWinklerWardEctorCrane County
Crane County
Gas, last 12 months
21,820 mcf
Oil in Jul 2026
292 bbl

Production by month

Oil output rose 34% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output rose 34% over the last 12 monthsMonthly oil production and gas for COWDEN 10, Aug 2023 to Jul 2026. Oil output rose 34% over the last 12 months. 3,875 bbl in the 12 months through Jul 2026, against 2,882 bbl in the 12 months before.Last 12 months: 3,875 bblbbl per monthmcf per month001005002001,0003001,5004002,0005002,500Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output rose 34% over the last 12 monthsMonthly oil production and gas for COWDEN 10, Aug 2023 to Jul 2026. Oil output rose 34% over the last 12 months. 3,875 bbl in the 12 months through Jul 2026, against 2,882 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month001005002001,0003001,5004002,0005002,500Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

99% of the gas went to flaring in the last 12 months

Flaring peaked at 100.0% of the gas in Jul 2025.

  • Transmission line (2)
  • Flared (4)
99% of the gas went to flaring in the last 12 monthsShare of COWDEN 10 gas by disposition code each month, Aug 2023 to Jul 2026. 99% of the gas went to flaring in the last 12 months. Flaring peaked at 100.0% of the gas in Jul 2025.Share of the lease’s gas by disposition code, per month0%50%100%Flared 100.0%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
99% of the gas went to flaring in the last 12 monthsShare of COWDEN 10 gas by disposition code each month, Aug 2023 to Jul 2026. 99% of the gas went to flaring in the last 12 months. Flaring peaked at 100.0% of the gas in Jul 2025.Share of gas by disposition code0%50%100%Flared 100.0%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Flared (4)

    99% · 21,592 mcf

  • Transmission line (2)

    1.0% · 228 mcf

99.0% of the gas flared in the last 12 months. 28 months above 3%.

Who has run this lease

The operator changed 2 times, most recently in Nov 2023

Operators of this lease over timeApache Corporation, Jan 2020 to Jun 2021; Slant Operating, LLC, Jul 2021 to Oct 2023; Formentera Operations LLC, Nov 2023 to Jul 20262020202120222023202420252026Changed Jul 2021Changed Nov 2023Apache CorporationJan 2020 to Jun 2021Slant Operating, LLCJul 2021 to Oct 2023Formentera Operations LLCNov 2023 to now
Operators of this lease over timeApache Corporation, Jan 2020 to Jun 2021; Slant Operating, LLC, Jul 2021 to Oct 2023; Formentera Operations LLC, Nov 2023 to Jul 20262020202120222023202420252026Changed Jul 2021Changed Nov 2023Apache CorporationJan 2020 to Jun 2021Slant Operating, LLCJul 2021 to Oct 2023Formentera Operations LLCNov 2023 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

3 wells on this lease

Wells on COWDEN 10
API numberWell no.Status
42-103-362051HActive
42-103-362066HActive
42-103-362954HActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Eastex Crude Company, LLCOilGathers50Jan 1, 2023–
Shell Trading (Us) CompanyOilGathers50May 1, 2020–
Targa Midstream Services LLCCasinghead gasBuys100Jan 1, 2019–
Targa Midstream Services LLCCasinghead gasGathers100Jan 1, 2019–
Eastex Crude CompanyOilGathers50May 1, 2020Jan 1, 2023
Enlink Crude Purchasing LLCOilGathers100Jan 1, 2019May 1, 2020
Targa Midstream Services LLCCasinghead gasGathers100Aug 30, 2013Jan 1, 2019
Targa Midstream Services LLCCasinghead gasBuys100Aug 30, 2013Jan 1, 2019
Lpc Crude Oil Marketing LLCOilGathers100Jan 1, 2018Jan 1, 2019

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

Who buys my oilOil price check

647.70 acres on the newest permit

  • Worth asking

    A Rule 37 case is listed

    The RRC permit records list a Rule 37 case. This does not establish your royalty share. Ask for the permit and unit plat for your well.

Check your decimal on this lease
Permits for Cowden 10
API numberWell no.Acreson the permit
42-103-362954H647.70
42-103-362051H647.70
42-103-362066H647.70

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

Unit decimal checker

Estimate your royalty

36 months, newest first

Ledger for COWDEN 10
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Formentera Operations2923521,47301,473$80.46$2.89
Jun 2026Formentera Operations3101691,42601,426$84.81$3.15
May 2026Formentera Operations3195081,57801,578$102.13$2.94
Apr 2026Formentera Operations3071721,62101,621$100.32$2.77
Mar 2026Formentera Operations2843441,718881,630$91.38$3.04
Feb 2026Formentera Operations2781691,9871401,847$64.51$3.62
Jan 2026Formentera Operations3523471,94501,945$60.04$7.72
Dec 2025Formentera Operations3353401,90201,902$57.97$4.26
Nov 2025Formentera Operations3325091,85101,851$60.06$3.79
Oct 2025Formentera Operations3721741,95301,953$60.89$3.19
Sep 2025Formentera Operations3803592,12402,124$63.96$2.97
Aug 2025Formentera Operations3143662,24202,242$64.86$2.91
Jul 2025Formentera Operations3163062,26902,269$68.39$3.20
Jun 2025Formentera Operations2815262,164632,101$68.17$3.02
May 2025Formentera Operations21402,2462232,023$62.17$3.12
Apr 2025Formentera Operations2085052,0436781,365$63.54$3.42
Mar 2025Formentera Operations19801,8697221,147$68.24$4.12
Feb 2025Formentera Operations2401781,7881,294494$71.53$4.19
Jan 2025Formentera Operations2333581,7261,225501$75.74$4.13
Dec 2024Formentera Operations2531641,7451,352393$70.12$3.01
Nov 2024Formentera Operations2511731,837942895$69.95$2.12
Oct 2024Formentera Operations2003251,8841,036848$71.99$2.20
Sep 2024Formentera Operations2253191,3801,212168$70.24$2.28
Aug 2024Formentera Operations2633311,395918477$76.68$1.99
Jul 2024Formentera Operations273148899667232$81.80$2.07
Jun 2024Formentera Operations2344342182180$79.77$2.54
May 2024Formentera Operations1901364274270$80.02$2.12
Apr 2024Formentera Operations2501384524475$85.35$1.60
Mar 2024Formentera Operations2671504814756$81.28$1.49
Feb 2024Formentera Operations2543025395390$77.25$1.72
Jan 2024Formentera Operations401440634432202$74.15$3.18
Dec 2023Formentera Operations23906806800$71.90$2.52
Nov 2023Formentera Operations2042826806800$77.69$2.71
Oct 2023Slant Operating,30714267259577$85.64$2.98
Sep 2023Slant Operating,2964409799790$89.43$2.64
Aug 2023Slant Operating,260299836647189$81.39$2.58

Flared above 3%

SourceTexas Railroad Commission Production Data Query, through Jul 2026. Prices: EIA, through Aug 2026. Updated Oct 2, 2026.

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Nearby

This lease belongs to

OperatorFormentera Operations LLCFieldMcElroyCountyCrane County

Formentera Operations LLC in Crane County

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McElroy field

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