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Texas oil lease

Producing

COWDEN 36

Cowden 36 is an oil lease in Crane County, Texas, operated by R3 Operating Corporation in the Dawson, W. (Clear Fork) field.

2 wells

3,288bbl oil, last 12 months−26% vs prior year
RRC lease
08-50648

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Where it sits

This county

Crane CountyCraneUptonMidlandWinklerWardEctorCrane County
Crane County
Oil in Jul 2026
223 bbl
Reporting since
Jan 2020

Checks stopped on this lease?

  • Operator

    Operator changed: R3 Operating Corporation took over from T2 Operating Corporation in Aug 2025.

  • P-5

    The previous operator's P-5 registration is listed as inactive since May 30, 2026 (last P-5 filed May 27, 2025).

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

See why checks stop on this lease

Production by month

Oil output fell 26% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 26% over the last 12 monthsMonthly oil production and gas for COWDEN 36, Aug 2023 to Jul 2026. Oil output fell 26% over the last 12 months. 3,288 bbl in the 12 months through Jul 2026, against 4,449 bbl in the 12 months before.Last 12 months: 3,288 bblbbl per monthmcf per month0010050200100300150400200500250Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 26% over the last 12 monthsMonthly oil production and gas for COWDEN 36, Aug 2023 to Jul 2026. Oil output fell 26% over the last 12 months. 3,288 bbl in the 12 months through Jul 2026, against 4,449 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month0010050200100300150400200500250Jan 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.

All of the gas went to flaring in the last 12 monthsShare of COWDEN 36 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 COWDEN 36 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. 21 months above 3%.

Who has run this lease

The operator changed 2 times, most recently in Aug 2025

Operators of this lease over timeBoaz Energy II Operating, LLC, Jan 2020 to Mar 2025; T2 Operating Corporation, Apr 2025 to Jul 2025; R3 Operating Corporation, Aug 2025 to Jul 20262020202120222023202420252026Changed Apr 2025Changed Aug 2025Boaz Energy II Operating, LLCJan 2020 to Mar 2025T2 Operating CorporationApr 2025 to Jul 2025R3 Operating CorporationAug 2025 to now
Operators of this lease over timeBoaz Energy II Operating, LLC, Jan 2020 to Mar 2025; T2 Operating Corporation, Apr 2025 to Jul 2025; R3 Operating Corporation, Aug 2025 to Jul 20262020202120222023202420252026Changed Apr 2025Changed Aug 2025Boaz Energy II Operating, LLCJan 2020 to Mar 2025T2 Operating CorporationApr 2025 to Jul 2025R3 Operating CorporationAug 2025 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

2 wells on this lease

Wells on COWDEN 36
API numberWell no.Status
42-103-365991Shut-in
42-103-366232Shut-in

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Enterprise Crude Oil LLCOilGathers100Oct 1, 2019–
Plains Marketing, L.p.OilGathers100Jul 24, 2018Oct 1, 2019

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

480 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 36
API numberWell no.Acreson the permit
42-103-366232480
42-103-365991480

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

Estimate your royalty

36 months, newest first

Ledger for COWDEN 36
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026R3 Operating2230000$80.46$2.89
Jun 2026R3 Operating0103000$84.81$3.15
May 2026R3 Operating121175000$102.13$2.94
Apr 2026R3 Operating312362000$100.32$2.77
Mar 2026R3 Operating312364000$91.38$3.04
Feb 2026R3 Operating328345000$64.51$3.62
Jan 2026R3 Operating2470000$60.04$7.72
Dec 2025R3 Operating348362000$57.97$4.26
Nov 2025R3 Operating341344000$60.06$3.79
Oct 2025R3 Operating349354000$60.89$3.19
Sep 2025R3 Operating353364000$63.96$2.97
Aug 2025R3 Operating354354000$64.86$2.91
Jul 2025T2 Operating371346000$68.39$3.20
Jun 2025T2 Operating360358000$68.17$3.02
May 2025T2 Operating395699000$62.17$3.12
Apr 2025T2 Operating3293451800180$63.54$3.42
Mar 2025Boaz Energy4123491860186$68.24$4.12
Feb 2025Boaz Energy3263621350135$71.53$4.19
Jan 2025Boaz Energy27301020102$75.74$4.13
Dec 2024Boaz Energy4177031680168$70.12$3.01
Nov 2024Boaz Energy4133451800180$69.95$2.12
Oct 2024Boaz Energy4513471620162$71.99$2.20
Sep 2024Boaz Energy3924521740174$70.24$2.28
Aug 2024Boaz Energy3103431320132$76.68$1.99
Jul 2024Boaz Energy3873511860186$81.80$2.07
Jun 2024Boaz Energy3873351800180$79.77$2.54
May 2024Boaz Energy4043511860186$80.02$2.12
Apr 2024Boaz Energy4036891800180$85.35$1.60
Mar 2024Boaz Energy4263471860186$81.28$1.49
Feb 2024Boaz Energy4133471740174$77.25$1.72
Jan 2024Boaz Energy4163551680168$74.15$3.18
Dec 2023Boaz Energy4647201860186$71.90$2.52
Nov 2023Boaz Energy4373711800180$77.69$2.71
Oct 2023Boaz Energy4703601860186$85.64$2.98
Sep 2023Boaz Energy4683581800180$89.43$2.64
Aug 2023Boaz Energy4867251860186$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

R3 Operating Corporation in Crane County

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Dawson, W. (Clear Fork) field

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