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Producing

COWDEN 39-03 WEST UNIT

Cowden 39-03 West Unit is an oil lease in Midland County, Texas, operated by XTO Energy Inc. in the Spraberry (Trend Area) field.

9 wells

573,467bbl oil, last 12 months−36% vs prior year
Operator
XTO Energy Inc.
County
Midland County
Field
Spraberry (Trend Area)
RRC lease
08-61552

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Where it sits

This county

Midland CountyMidlandMartinAndrewsGlasscockHowardEctorMidland County
Midland County
Gas, last 12 months
2,662,850 mcf
Oil in Jul 2026
41,726 bbl

Checks stopped on this lease?

  • Buyer

    Buyer changed: ET GATHERING & PROCESSING LLC replaced ENERGY TRANSFER COMPANY as the buyer of this lease's gas from oil wells on Jun 1, 2026.

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

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Production by month

Oil output fell 36% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 36% over the last 12 monthsMonthly oil production and gas for COWDEN 39-03 WEST UNIT, Oct 2023 to Jul 2026. Oil output fell 36% over the last 12 months. 573,467 bbl in the 12 months through Jul 2026, against 900,728 bbl in the 12 months before.Last 12 months: 573,467 bblbbl per monthmcf per month00100k100k200k200k300k300k400k400k500k500kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 36% over the last 12 monthsMonthly oil production and gas for COWDEN 39-03 WEST UNIT, Oct 2023 to Jul 2026. Oil output fell 36% over the last 12 months. 573,467 bbl in the 12 months through Jul 2026, against 900,728 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month00100k100k200k200k300k300k400k400k500k500kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

96% of the gas went to a processing plant in the last 12 months

  • Processing plant (3)
  • Lease fuel (1)
  • Flared (4)
96% of the gas went to a processing plant in the last 12 monthsShare of COWDEN 39-03 WEST UNIT gas by disposition code each month, Oct 2023 to Jul 2026. 96% of the gas went to a processing plant in the last 12 months.Share of the lease’s gas by disposition code, per month0%50%100%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
96% of the gas went to a processing plant in the last 12 monthsShare of COWDEN 39-03 WEST UNIT gas by disposition code each month, Oct 2023 to Jul 2026. 96% of the gas went to a processing plant in the last 12 months.Share of gas by disposition code0%50%100%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    96% · 2,544,129 mcf

  • Lease fuel (1)

    4.4% · 118,446 mcf

  • Flared (4)

    0.0% · 275 mcf

9 wells on this lease

Wells on COWDEN 39-03 WEST UNIT
API numberWell no.Status
42-329-456630321SHActive
42-329-456640301BHActive
42-329-456650311AHActive
42-329-456660331SHActive
42-329-456770322SHActive
42-329-456780302BHActive
42-329-456850312AHActive
42-329-456860323SHActive
42-329-456870303BHShut-in

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Medallion Operating Company, LLCOilGathers100Jun 1, 2026–
Et Gathering & Processing LLCCasinghead gasBuys100Jun 1, 2026–
Energy Transfer CompanyCasinghead gasGathers100Oct 12, 2023–
Energy Transfer CompanyCasinghead gasBuys100Oct 12, 2023Jun 1, 2026
Energy Transfer CompanyOilGathers100Feb 1, 2025Jun 1, 2026
Nustar Permian Trans and Stg,llcOilGathers100Oct 12, 2023Feb 1, 2025

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

Who buys my oilOil price check

971.80 acres on the newest permit

  • Good to know

    9 wells are listed on this lease

    Each well can have its own unit. The decimal for one well does not have to equal the decimal for another.

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Permits for Cowden 39-03 West Unit
API numberWell no.Acreson the permit
42-329-456630321SH971.80
42-329-456640301BH971.80
42-329-456650311AH971.80
42-329-456660331SH971.80
42-329-456770322SH971.80
42-329-456780302BH971.80
42-329-456850312AH971.80
42-329-456860323SH971.80
42-329-456870303BH971.80

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

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34 months, newest first

Ledger for COWDEN 39-03 WEST UNIT
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 202641,72641,761138,916125,35524$80.46$2.89
Jun 202637,59937,552210,323199,27436$84.81$3.15
May 202640,10740,038220,131210,16718$102.13$2.94
Apr 202637,56237,678205,223193,56215$100.32$2.77
Mar 202646,01746,050232,093219,3065$91.38$3.04
Feb 202636,15836,077183,951173,6130$64.51$3.62
Jan 202647,26647,304274,395260,29453$60.04$7.72
Dec 202551,82851,843277,550262,79148$57.97$4.26
Nov 202556,55656,533261,323245,20142$60.06$3.79
Oct 202555,66655,672236,578235,69521$60.89$3.19
Sep 202557,64157,520212,741211,22513$63.96$2.97
Aug 202565,34165,337209,626207,6460$64.86$2.91
Jul 202562,31362,252181,394179,9360$68.39$3.20
Jun 202541,99041,988148,593147,6510$68.17$3.02
May 202546,64446,802193,307192,5511$62.17$3.12
Apr 202570,28070,198177,178176,25644$63.54$3.42
Mar 202554,21154,135116,655115,82383$68.24$4.12
Feb 202561,24061,321227,386226,46080$71.53$4.19
Jan 202572,53572,544333,037331,88285$75.74$4.13
Dec 202484,82684,879363,623362,57141$70.12$3.01
Nov 202487,64687,596372,592371,47278$69.95$2.12
Oct 202495,92195,909411,871410,475104$71.99$2.20
Sep 2024113,480113,479375,911374,88722$70.24$2.28
Aug 2024109,642109,783379,925378,724198$76.68$1.99
Jul 2024127,854127,800431,066428,72511$81.80$2.07
Jun 2024139,024138,835415,973413,63013$79.77$2.54
May 2024154,450154,515365,691361,02226$80.02$2.12
Apr 2024175,903175,875436,360423,54037$85.35$1.60
Mar 2024218,217218,428409,994398,7260$81.28$1.49
Feb 2024236,157236,103366,230355,3050$77.25$1.72
Jan 2024289,817289,816344,120338,7060$74.15$3.18
Dec 2023350,281350,490412,469411,2300$71.90$2.52
Nov 2023177,766177,395195,831195,1600$77.69$2.71
Oct 2023101,512101,390122,415122,01729$85.64$2.98

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

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This lease belongs to

OperatorXTO Energy Inc.FieldSpraberry (Trend Area)CountyMidland County

XTO Energy Inc. in Midland County

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Spraberry (Trend Area) field

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