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Texas oil lease

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COWDEN 26

Cowden 26 is an oil lease in Crane County, Texas, operated by Formentera Operations LLC in the McElroy field.

1 well

1,340mcf gas, last 12 months−35% vs prior year
Operator
Formentera Operations LLC
County
Crane County
Field
McElroy
RRC lease
08-45682

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Where it sits

This county

Crane CountyCraneUptonMidlandWinklerWardEctorCrane County
Crane County
Gas in Sep 2025
101 mcf
Reporting since
Jan 2020

Checks stopped on this lease?

  • Sales

    No sales reported for the last 12 months of state data (through Jul 2026).

SourceRailroad Commission production, P-5 and P-4 records, data through Jul 2026.

See why checks stop on this lease

Production by month

Gas output fell 35% over the last 12 months

  • Gas (bars)
  • Oil (line)
  • Last 12 months
Gas output fell 35% over the last 12 monthsMonthly gas production and oil for COWDEN 26, Oct 2022 to Sep 2025. Gas output fell 35% over the last 12 months. 1,340 mcf in the 12 months through Sep 2025, against 2,058 mcf in the 12 months before.Last 12 months: 1,340 mcfmcf per monthbbl per month002002540050600758001001,000125Oct 22Jan 23AprJulOctJan 24AprJulOctJan 25AprJul
Gas output fell 35% over the last 12 monthsMonthly gas production and oil for COWDEN 26, Oct 2022 to Sep 2025. Gas output fell 35% over the last 12 months. 1,340 mcf in the 12 months through Sep 2025, against 2,058 mcf in the 12 months before.Last 12 monthsmcf per monthbbl per month002002540050600758001001,000125Jan 23JulJan 24JulJan 25Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

66% of the gas went to flaring in the last 12 months

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

  • Transmission line (2)
  • Flared (4)
66% of the gas went to flaring in the last 12 monthsShare of COWDEN 26 gas by disposition code each month, Oct 2022 to Sep 2025. 66% of the gas went to flaring in the last 12 months. Flaring peaked at 100.0% of the gas in Jul 2023.Share of the lease’s gas by disposition code, per month0%50%100%Flared 100.0%Oct 22Jan 23AprJulOctJan 24AprJulOctJan 25AprJul
66% of the gas went to flaring in the last 12 monthsShare of COWDEN 26 gas by disposition code each month, Oct 2022 to Sep 2025. 66% of the gas went to flaring in the last 12 months. Flaring peaked at 100.0% of the gas in Jul 2023.Share of gas by disposition code0%50%100%Flared 100.0%Jan 23JulJan 24JulJan 25Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Flared (4)

    66% · 909 mcf

  • Transmission line (2)

    34% · 462 mcf

66.3% of the gas flared in the last 12 months. 22 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 Sep 2025202020212022202320242025Changed 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 Sep 2025202020212022202320242025Changed 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.

1 well on this lease

Wells on COWDEN 26
API numberWell no.Status
42-103-362341HActive

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 gasBuys100Nov 13, 2013–
Targa Midstream Services LLCCasinghead gasGathers100Nov 13, 2013–
Eastex Crude CompanyOilGathers50May 1, 2020Jan 1, 2023
Enlink Crude Purchasing LLCOilGathers100Jan 1, 2019May 1, 2020
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

649.51 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 26
API numberWell no.Acreson the permit
42-103-362341H649.51

SourceRailroad Commission drilling permits, Oct 3, 2026 (source 1, source 2).

Unit decimal checker

Estimate your royalty

36 months, newest first

Ledger for COWDEN 26
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Sep 2025Formentera Operations001010101$63.96$2.97
Aug 2025Formentera Operations001030103$64.86$2.91
Jul 2025Formentera Operations0097097$68.39$3.20
Jun 2025Formentera Operations0091388$68.17$3.02
May 2025Formentera Operations0015615141$62.17$3.12
Apr 2025Formentera Operations0015150101$63.54$3.42
Mar 2025Formentera Operations001385385$68.24$4.12
Feb 2025Formentera Operations001339637$71.53$4.19
Jan 2025Formentera Operations001238736$75.74$4.13
Dec 2024Formentera Operations001209327$70.12$3.01
Nov 2024Formentera Operations001276562$69.95$2.12
Oct 2024Formentera Operations00000$71.99$2.20
Sep 2024Formentera Operations0031031$70.24$2.28
Aug 2024Formentera Operations01544044$76.68$1.99
Jul 2024Formentera Operations032000$81.80$2.07
Jun 2024Formentera Operations248968680$79.77$2.54
May 2024Formentera Operations41271871870$80.02$2.12
Apr 2024Formentera Operations51281931912$85.35$1.60
Mar 2024Formentera Operations54302001982$81.28$1.49
Feb 2024Formentera Operations50602252250$77.25$1.72
Jan 2024Formentera Operations808826418084$74.15$3.18
Dec 2023Formentera Operations4802832830$71.90$2.52
Nov 2023Formentera Operations41562832830$77.69$2.71
Oct 2023Slant Operating,612828024832$85.64$2.98
Sep 2023Slant Operating,59884084080$89.43$2.64
Aug 2023Slant Operating,526034927079$81.39$2.58
Jul 2023Slant Operating,53285580558$76.07$2.55
Jun 2023Slant Operating,5061306175131$70.25$2.18
May 2023Slant Operating,5114733825385$71.58$2.15
Apr 2023Slant Operating,535330126536$79.45$2.16
Mar 2023Slant Operating,106273002928$73.28$2.31
Feb 2023Slant Operating,48563453450$76.83$2.38
Jan 2023Slant Operating,505327826711$78.12$3.27
Dec 2022Slant Operating,47273153150$76.44$5.53
Nov 2022Slant Operating,71802282208$84.37$5.45
Oct 2022Slant Operating,87803003000$87.55$5.66

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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