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Texas oil lease

Producing

COWDEN RANCH "49"

Cowden Ranch "49" is an oil lease in Crane County, Texas, operated by R3 Operating Corporation in the Roepke (Upper Devonian) field.

1 well

1,694bbl oil, last 12 months−21% vs prior year
Operator
R3 Operating Corporation
County
Crane County
Field
Roepke (Upper Devonian)
RRC lease
08-37159

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Where it sits

This county

Crane CountyCraneUptonMidlandWinklerWardEctorCrane County
Crane County
Oil in Jul 2026
157 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 fell 21% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 21% over the last 12 monthsMonthly oil production and gas for COWDEN RANCH "49", Aug 2023 to Jul 2026. Oil output fell 21% over the last 12 months. 1,694 bbl in the 12 months through Jul 2026, against 2,153 bbl in the 12 months before.Last 12 months: 1,694 bblbbl per monthmcf per month005050100100150150200200250250Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 21% over the last 12 monthsMonthly oil production and gas for COWDEN RANCH "49", Aug 2023 to Jul 2026. Oil output fell 21% over the last 12 months. 1,694 bbl in the 12 months through Jul 2026, against 2,153 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month005050100100150150200200250250Jan 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 8 months reported

All of the gas went to a transmission line in the 8 months reportedShare of COWDEN RANCH "49" gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to a transmission line in the 8 months reported.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 8 months reportedShare of COWDEN RANCH "49" gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to a transmission line in the 8 months reported.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.

1 well on this lease

Wells on COWDEN RANCH "49"
API numberWell no.Status
42-103-349372Active

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).

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160 acres on the newest permit

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Permits for Cowden Ranch "49"
API numberWell no.Acreson the permit
42-103-349372160

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

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36 months, newest first

Ledger for COWDEN RANCH "49"
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026R3 Operating157182000$80.46$2.89
Jun 2026R3 Operating130172000$84.81$3.15
May 2026R3 Operating1360000$102.13$2.94
Apr 2026R3 Operating130163000$100.32$2.77
Mar 2026R3 Operating141166000$91.38$3.04
Feb 2026R3 Operating123176000$64.51$3.62
Jan 2026R3 Operating142178000$60.04$7.72
Dec 2025R3 Operating1420000$57.97$4.26
Nov 2025R3 Operating144181000$60.06$3.79
Oct 2025R3 Operating148175000$60.89$3.19
Sep 2025R3 Operating144175000$63.96$2.97
Aug 2025R3 Operating157174000$64.86$2.91
Jul 2025T2 Operating160173000$68.39$3.20
Jun 2025T2 Operating159165000$68.17$3.02
May 2025T2 Operating185182000$62.17$3.12
Apr 2025T2 Operating205168000$63.54$3.42
Mar 2025Boaz Energy179166000$68.24$4.12
Feb 2025Boaz Energy16417912120$71.53$4.19
Jan 2025Boaz Energy1981861111110$75.74$4.13
Dec 2024Boaz Energy196178000$70.12$3.01
Nov 2024Boaz Energy18318099990$69.95$2.12
Oct 2024Boaz Energy1731661361360$71.99$2.20
Sep 2024Boaz Energy1701751031030$70.24$2.28
Aug 2024Boaz Energy1811731011010$76.68$1.99
Jul 2024Boaz Energy18316818180$81.80$2.07
Jun 2024Boaz Energy14817652520$79.77$2.54
May 2024Boaz Energy171171000$80.02$2.12
Apr 2024Boaz Energy174171000$85.35$1.60
Mar 2024Boaz Energy181166000$81.28$1.49
Feb 2024Boaz Energy189173000$77.25$1.72
Jan 2024Boaz Energy204179000$74.15$3.18
Dec 2023Boaz Energy221364000$71.90$2.52
Nov 2023Boaz Energy235187000$77.69$2.71
Oct 2023Boaz Energy125176000$85.64$2.98
Sep 2023Boaz Energy186178000$89.43$2.64
Aug 2023Boaz Energy208177000$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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