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Texas oil lease

Producing

COWDEN 32C

Cowden 32C is an oil lease in Midland County, Texas, operated by Ovintiv USA Inc. in the Spraberry (Trend Area) field.

6 wells

81,538bbl oil, last 12 months+29% vs prior year
Operator
Ovintiv USA Inc.
County
Midland County
Field
Spraberry (Trend Area)
RRC lease
08-50336

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Where it sits

This county

Midland CountyMidlandMartinAndrewsGlasscockHowardEctorMidland County
Midland County
Gas, last 12 months
885,115 mcf
Oil in Jul 2026
5,150 bbl

Production by month

Oil output rose 29% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output rose 29% over the last 12 monthsMonthly oil production and gas for COWDEN 32C, Aug 2023 to Jul 2026. Oil output rose 29% over the last 12 months. 81,538 bbl in the 12 months through Jul 2026, against 63,401 bbl in the 12 months before.Last 12 months: 81,538 bblbbl per monthmcf per month002,50050k5,000100k7,500150k10k200kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output rose 29% over the last 12 monthsMonthly oil production and gas for COWDEN 32C, Aug 2023 to Jul 2026. Oil output rose 29% over the last 12 months. 81,538 bbl in the 12 months through Jul 2026, against 63,401 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002,50050k5,000100k7,500150k10k200kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

Since Jul 2026 the lease's gas goes to a processing plant instead of a transmission line

Flaring peaked at 8.0% of the gas in Jan 2026.

  • Processing plant (3)
  • Transmission line (2)
  • Lease fuel (1)
  • Flared (4)
Since Jul 2026 the lease's gas goes to a processing plant instead of a transmission lineShare of COWDEN 32C gas by disposition code each month, Aug 2023 to Jul 2026. Since Jul 2026 the lease's gas goes to a processing plant instead of a transmission line. Flaring peaked at 8.0% of the gas in Jan 2026.Share of the lease’s gas by disposition code, per month0%50%100%Jul 2026: line to plantFlared 8.0%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Jul 2026 the lease's gas goes to a processing plant instead of a transmission lineShare of COWDEN 32C gas by disposition code each month, Aug 2023 to Jul 2026. Since Jul 2026 the lease's gas goes to a processing plant instead of a transmission line. Flaring peaked at 8.0% of the gas in Jan 2026.Share of gas by disposition code0%50%100%Jul 26: line to plantFlared 8.0%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    79% · 702,395 mcf

  • Transmission line (2)

    18% · 160,358 mcf

  • Lease fuel (1)

    1.4% · 12,332 mcf

  • Flared (4)

    1.1% · 10,030 mcf

1.1% of the gas flared in the last 12 months. 4 months above 3%.

Who has run this lease

The operator changed once, most recently in Feb 2020

Operators of this lease over timeEncana Oil & Gas(usa) Inc., Jan 2020 to Jan 2020; Ovintiv USA Inc., Feb 2020 to Jul 20262020202120222023202420252026Changed Feb 2020Encana Oil & Gas(usa) Inc.Jan 2020 to Jan 2020Ovintiv USA Inc.Feb 2020 to now
Operators of this lease over timeEncana Oil & Gas(usa) Inc., Jan 2020 to Jan 2020; Ovintiv USA Inc., Feb 2020 to Jul 20262020202120222023202420252026Changed Feb 2020Encana Oil & Gas(usa) Inc.Jan 2020 to Jan 2020Ovintiv USA Inc.Feb 2020 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

6 wells on this lease

Wells on COWDEN 32C
API numberWell no.Status
42-329-420726HJActive
42-329-420737HLActive
42-329-420758HJActive
42-329-4406713HCActive
42-329-4407114HEActive
42-329-4407215HDActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%From
Medallion Operating Company, LLCOilGathers100Mar 28, 2018
Energy Transfer CompanyCasinghead gasBuys100Mar 28, 2018
Energy Transfer CompanyCasinghead gasGathers100Mar 28, 2018

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

Who buys my oilOil price check

658.59 acres on the newest permit

  • Worth asking

    An allocation well is on this lease

    A well drilled across several tracts shares its production by an allocation formula, so the decimal is not always your acres over the unit acres. Ask the operator for the allocation formula and the tract factor for your land.

  • Good to know

    The wells on this lease state different acreage

    The permits state between 640 and 658.59 acres. Use the acres from your own division order for the well you are paid on.

  • 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 32C
API numberWell no.Acreson the permit
42-329-4406713HC658.59
42-329-4407114HE658.59
42-329-4407215HD658.59
42-329-420726HJ640
42-329-420737HL640
42-329-420758HJ640

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

Unit decimal checker

What Ovintiv Inc. told investors it received

Ovintiv USA Inc. is linked to Ovintiv Inc. (OVV).
Realized prices reported by Ovintiv Inc.
QuarterOil$ per bblFiling
Q2 2026$100.69SEC filing
Q1 2026$72.62SEC filing
Q4 2025$59.55SEC filing
Q3 2025$66.22SEC filing
Q2 2025$64.50SEC filing
Q1 2025$71.79SEC filing

SourceOvintiv Inc. quarterly reports, SEC EDGAR, company-wide averages before hedging.

Estimate your royalty

36 months, newest first

Ledger for COWDEN 32C
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Ovintiv USA5,1505,08081,59980,5720$80.46$2.89
Jun 2026Ovintiv USA5,1795,183157,908156,9208$84.81$3.15
May 2026Ovintiv USA6,2646,274158,011157,0110$102.13$2.94
Apr 2026Ovintiv USA4,8624,86375,46474,37913$100.32$2.77
Mar 2026Ovintiv USA6,0836,09871,89970,438345$91.38$3.04
Feb 2026Ovintiv USA7,0277,05758,11355,0302,091$64.51$3.62
Jan 2026Ovintiv USA9,96510,13887,06478,9937,005$60.04$7.72
Dec 2025Ovintiv USA9,5859,36934,77133,87617$57.97$4.26
Nov 2025Ovintiv USA8,2168,20148,05846,940154$60.06$3.79
Oct 2025Ovintiv USA6,2896,28141,05239,708397$60.89$3.19
Sep 2025Ovintiv USA5,8205,86525,73024,6960$63.96$2.97
Aug 2025Ovintiv USA7,0987,13245,44644,1900$64.86$2.91
Jul 2025Ovintiv USA7,0947,01142,42241,12347$68.39$3.20
Jun 2025Ovintiv USA7,1897,19738,55336,9481$68.17$3.02
May 2025Ovintiv USA5,7865,88122,75319,3201,775$62.17$3.12
Apr 2025Ovintiv USA4,0774,03019,82318,174274$63.54$3.42
Mar 2025Ovintiv USA3,8413,77226,59924,1221,146$68.24$4.12
Feb 2025Ovintiv USA6,3896,46438,68437,6680$71.53$4.19
Jan 2025Ovintiv USA6,4156,30069,29668,3480$75.74$4.13
Dec 2024Ovintiv USA5,2465,27260,30259,4550$70.12$3.01
Nov 2024Ovintiv USA4,6594,67559,50658,6500$69.95$2.12
Oct 2024Ovintiv USA4,5644,52068,06967,16211$71.99$2.20
Sep 2024Ovintiv USA3,6073,65164,48662,4751,027$70.24$2.28
Aug 2024Ovintiv USA4,5344,51764,09262,899180$76.68$1.99
Jul 2024Ovintiv USA4,6194,60665,60863,996615$81.80$2.07
Jun 2024Ovintiv USA4,5254,53567,06566,0670$79.77$2.54
May 2024Ovintiv USA6,3836,41475,28873,0911,130$80.02$2.12
Apr 2024Ovintiv USA5,6325,65469,97968,8740$85.35$1.60
Mar 2024Ovintiv USA5,9515,93166,77264,4041,235$81.28$1.49
Feb 2024Ovintiv USA5,0595,02238,91437,148691$77.25$1.72
Jan 2024Ovintiv USA5,3385,34845,75843,903445$74.15$3.18
Dec 2023Ovintiv USA5,0525,19438,64936,964345$71.90$2.52
Nov 2023Ovintiv USA3,9983,94053,61752,131136$77.69$2.71
Oct 2023Ovintiv USA3,7523,66454,18252,364709$85.64$2.98
Sep 2023Ovintiv USA4,6504,65859,68458,6522$89.43$2.64
Aug 2023Ovintiv USA5,6935,75263,09362,1310$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

OperatorOvintiv USA Inc.FieldSpraberry (Trend Area)CountyMidland County

Ovintiv USA Inc. in Midland County

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Spraberry (Trend Area) field

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