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Texas oil lease

Producing

COWDEN2

Cowden2 is an oil lease in Upton County, Texas, operated by Cog Operating LLC in the Spraberry (Trend Area) field.

2 wells

1,059bbl oil, last 12 months−4% vs prior year
RRC lease
7C-16258

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Where it sits

This county

Upton CountyUptonMidlandCraneGlasscockReaganEctorUpton County
Upton County
Gas, last 12 months
8,957 mcf
Oil in Jul 2026
69 bbl

Production by month

Oil output fell 4% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 4% over the last 12 monthsMonthly oil production and gas for COWDEN2, Aug 2023 to Jul 2026. Oil output fell 4% over the last 12 months. 1,059 bbl in the 12 months through Jul 2026, against 1,098 bbl in the 12 months before.Last 12 months: 1,059 bblbbl per monthmcf per month00502501005001507502001,0002501,250Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 4% over the last 12 monthsMonthly oil production and gas for COWDEN2, Aug 2023 to Jul 2026. Oil output fell 4% over the last 12 months. 1,059 bbl in the 12 months through Jul 2026, against 1,098 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month00502501005001507502001,0002501,250Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

98% of the gas went to a processing plant in the last 12 months

  • Processing plant (3)
  • Lease fuel (1)
98% of the gas went to a processing plant in the last 12 monthsShare of COWDEN2 gas by disposition code each month, Aug 2023 to Jul 2026. 98% 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
98% of the gas went to a processing plant in the last 12 monthsShare of COWDEN2 gas by disposition code each month, Aug 2023 to Jul 2026. 98% 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)

    98% · 8,745 mcf

  • Lease fuel (1)

    2.4% · 212 mcf

2 wells on this lease

Wells on COWDEN2
API numberWell no.Status
42-461-352421Active
42-461-381212Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%From
Enlink Crude Marketing, LLCOilGathers90Mar 1, 2017
Enlink Crude Purchasing LLCOilGathers10Mar 1, 2018
Targa Pl Mid-Cont Westtex LLCCasinghead gasBuys100Nov 1, 2015
Targa Pl Mid-Cont Westtex LLCCasinghead gasGathers100Oct 1, 2015

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

165.30 acres on the newest permit

Permits for Cowden2
API numberWell no.Acreson the permit
42-461-381212165.30
42-461-352421165.30

SourceRailroad Commission drilling permits, Sep 26, 2026 (source 1, source 2).

What ConocoPhillips told investors it received

Cog Operating LLC is linked to ConocoPhillips (COP).
Realized prices reported by ConocoPhillips
QuarterOil$ per bblFiling
Q2 2026$99.40SEC filing
Q1 2026$73.47SEC filing
Q3 2025$66.13SEC filing
Q2 2025$64.23SEC filing
Q1 2025$71.65SEC filing
Q3 2024$76.77SEC filing

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

Estimate your royalty

36 months, newest first

Ledger for COWDEN2
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 202669857397390$80.46$2.89
Jun 20266207827820$84.81$3.15
May 202663905315310$102.13$2.94
Apr 202687937146980$100.32$2.77
Mar 2026931007277020$91.38$3.04
Feb 2026891067577360$64.51$3.62
Jan 202693887937680$60.04$7.72
Dec 2025105937717470$57.97$4.26
Nov 202584847347110$60.06$3.79
Oct 2025107928488230$60.89$3.19
Sep 202584807236980$63.96$2.97
Aug 20251232028388100$64.86$2.91
Jul 20251021037967690$68.39$3.20
Jun 20259008328070$68.17$3.02
May 202591848518240$62.17$3.12
Apr 2025931867287030$63.54$3.42
Mar 20259808578320$68.24$4.12
Feb 2025952156566340$71.53$4.19
Jan 2025133848848600$75.74$4.13
Dec 202484837467220$70.12$3.01
Nov 202484937657430$69.95$2.12
Oct 20248607447230$71.99$2.20
Sep 202487837136930$70.24$2.28
Aug 202455707677460$76.68$1.99
Jul 202461547717490$81.80$2.07
Jun 202461757156940$79.77$2.54
May 20247258000$80.02$2.12
Apr 202488787307090$85.35$1.60
Mar 2024741787467250$81.28$1.49
Feb 202486918598340$77.25$1.72
Jan 202411201,1011,0710$74.15$3.18
Dec 2023721618318060$71.90$2.52
Nov 2023110981,0481,0210$77.69$2.71
Oct 20231081981,0601,0320$85.64$2.98
Sep 202310001,0501,0210$89.43$2.64
Aug 2023101721,0761,0470$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

Cog Operating LLC in Upton County

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Spraberry (Trend Area) field

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