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Texas oil lease

Producing

COWDEN RANCH "48"

Cowden Ranch "48" is an oil lease in Crane County, Texas, operated by R3 Operating Corporation in the Roepke (Upper Devonian) field.

2 wells

9,811bbl oil, last 12 months0% vs prior year
Operator
R3 Operating Corporation
County
Crane County
Field
Roepke (Upper Devonian)
RRC lease
08-36606

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Where it sits

This county

Crane CountyCraneUptonMidlandWinklerWardEctorCrane County
Crane County
Oil in Jul 2026
616 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.

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Production by month

Oil output held steady over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output held steady over the last 12 monthsMonthly oil production and gas for COWDEN RANCH "48", Aug 2023 to Jul 2026. Oil output held steady over the last 12 months. 9,811 bbl in the 12 months through Jul 2026, against 9,785 bbl in the 12 months before.Last 12 months: 9,811 bblbbl per monthmcf per month002502005004007506001,0008001,2501,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output held steady over the last 12 monthsMonthly oil production and gas for COWDEN RANCH "48", Aug 2023 to Jul 2026. Oil output held steady over the last 12 months. 9,811 bbl in the 12 months through Jul 2026, against 9,785 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002502005004007506001,0008001,2501,000Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

All of the gas went to a transmission line in the last 12 months

All of the gas went to a transmission line in the last 12 monthsShare of COWDEN RANCH "48" gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to a transmission line in the last 12 months.Share of the lease’s gas by disposition code, per month0%50%100%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
All of the gas went to a transmission line in the last 12 monthsShare of COWDEN RANCH "48" gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to a transmission line 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.

Who has run this lease

The operator changed 3 times, most recently in Aug 2025

Operators of this lease over timeGrizzly Op of Delaware, LLC, Jan 2020 to Jan 2021; Boaz Energy II Operating, LLC, Feb 2021 to Mar 2025; T2 Operating Corporation, Apr 2025 to Jul 2025; R3 Operating Corporation, Aug 2025 to Jul 20262020202120222023202420252026Changed Feb 2021Changed Apr 2025Changed Aug 2025Grizzly Op of Delaware, LLCJan 2020 to Jan 2021Boaz Energy II Operating, LLCFeb 2021 to Mar 2025T2 Operating CorporationApr 2025 to Jul 2025R3 Operating CorporationAug 2025 to now
Operators of this lease over timeGrizzly Op of Delaware, LLC, Jan 2020 to Jan 2021; Boaz Energy II Operating, LLC, Feb 2021 to Mar 2025; T2 Operating Corporation, Apr 2025 to Jul 2025; R3 Operating Corporation, Aug 2025 to Jul 20262020202120222023202420252026Changed Feb 2021Changed Apr 2025Changed Aug 2025Grizzly Op of Delaware, LLCJan 2020 to Jan 2021Boaz Energy II Operating, LLCFeb 2021 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 RANCH "48"
API numberWell no.Status
42-103-347957Shut-in
42-103-348348Shut-in

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Enterprise Crude Oil LLCOilGathers100May 1, 2021–
Dcp Operating Company, LPCasinghead gasBuys100Apr 1, 2017–
Dcp Operating Company, LPCasinghead gasGathers100Apr 1, 2017–
Eastex Crude CompanyOilGathers100May 1, 2008May 1, 2021

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

Who buys my oilOil price check

400 acres on the newest permit

  • Good to know

    The wells on this lease state different acreage

    The permits state between 400 and 1,295.36 acres. Use the acres from your own division order for the well you are paid on.

Check your decimal on this lease
Permits for Cowden Ranch "48"
API numberWell no.Acreson the permit
42-103-348348400
42-103-3479571,295.36

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

Unit decimal checker

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36 months, newest first

Ledger for COWDEN RANCH "48"
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026R3 Operating616690000$80.46$2.89
Jun 2026R3 Operating803690000$84.81$3.15
May 2026R3 Operating759818000$102.13$2.94
Apr 2026R3 Operating787722000$100.32$2.77
Mar 2026R3 Operating800871000$91.38$3.04
Feb 2026R3 Operating795702000$64.51$3.62
Jan 2026R3 Operating872890000$60.04$7.72
Dec 2025R3 Operating9221,066000$57.97$4.26
Nov 2025R3 Operating890721000$60.06$3.79
Oct 2025R3 Operating883891000$60.89$3.19
Sep 2025R3 Operating825865000$63.96$2.97
Aug 2025R3 Operating859877000$64.86$2.91
Jul 2025T2 Operating907876000$68.39$3.20
Jun 2025T2 Operating834857000$68.17$3.02
May 2025T2 Operating941883000$62.17$3.12
Apr 2025T2 Operating9051,082000$63.54$3.42
Mar 2025Boaz Energy381361000$68.24$4.12
Feb 2025Boaz Energy682703880$71.53$4.19
Jan 2025Boaz Energy8527122082080$75.74$4.13
Dec 2024Boaz Energy842880000$70.12$3.01
Nov 2024Boaz Energy8398842802800$69.95$2.12
Oct 2024Boaz Energy8508694144140$71.99$2.20
Sep 2024Boaz Energy8548823303300$70.24$2.28
Aug 2024Boaz Energy8988613373370$76.68$1.99
Jul 2024Boaz Energy8048381081080$81.80$2.07
Jun 2024Boaz Energy9018591931930$79.77$2.54
May 2024Boaz Energy7196973103100$80.02$2.12
Apr 2024Boaz Energy8548543523520$85.35$1.60
Mar 2024Boaz Energy8498664134130$81.28$1.49
Feb 2024Boaz Energy8638664424420$77.25$1.72
Jan 2024Boaz Energy1,0271,1037227220$74.15$3.18
Dec 2023Boaz Energy8057314874870$71.90$2.52
Nov 2023Boaz Energy8357334404400$77.69$2.71
Oct 2023Boaz Energy8451,1027037030$85.64$2.98
Sep 2023Boaz Energy8187175875870$89.43$2.64
Aug 2023Boaz Energy8658836006000$81.39$2.58

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

OperatorR3 Operating CorporationFieldRoepke (Upper Devonian)CountyCrane County

R3 Operating Corporation in Crane County

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Roepke (Upper Devonian) field

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