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Texas oil lease

Producing

COWTOWNS CAT 3903E

Cowtowns Cat 3903E is an oil lease in Reagan County, Texas, operated by Civitas Permian Operating, LLC in the Spraberry (Trend Area) field.

1 well

81,509bbl oil, last 12 months−41% vs prior year
Operator
Civitas Permian Operating, LLC
County
Reagan County
Field
Spraberry (Trend Area)
RRC lease
7C-22581

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Where it sits

This county

Reagan CountyReaganIrionSterlingUptonMidlandGlasscockReagan County
Reagan County
Gas, last 12 months
324,640 mcf
Oil in Jul 2026
4,352 bbl

Production by month

Oil output fell 41% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 41% over the last 12 monthsMonthly oil production and gas for COWTOWNS CAT 3903E, Jun 2024 to Jul 2026. Oil output fell 41% over the last 12 months. 81,509 bbl in the 12 months through Jul 2026, against 137,811 bbl in the 12 months before.Last 12 months: 81,509 bblbbl per monthmcf per month0010k25k20k50k30k75k40k100k50k125kJul 24OctJan 25AprJulOctJan 26AprJul
Oil output fell 41% over the last 12 monthsMonthly oil production and gas for COWTOWNS CAT 3903E, Jun 2024 to Jul 2026. Oil output fell 41% over the last 12 months. 81,509 bbl in the 12 months through Jul 2026, against 137,811 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month0010k25k20k50k30k75k40k100k50k125kJul 24Jan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

Over 99% of the gas went to a processing plant in the last 12 months

Flaring peaked at 13.3% of the gas in Jul 2024.

  • Processing plant (3)
  • Lease fuel (1)
  • Flared (4)
Over 99% of the gas went to a processing plant in the last 12 monthsShare of COWTOWNS CAT 3903E gas by disposition code each month, Jun 2024 to Jul 2026. Over 99% of the gas went to a processing plant in the last 12 months. Flaring peaked at 13.3% of the gas in Jul 2024.Share of the lease’s gas by disposition code, per month0%50%100%Flared 13.3%Jul 24OctJan 25AprJulOctJan 26AprJul
Over 99% of the gas went to a processing plant in the last 12 monthsShare of COWTOWNS CAT 3903E gas by disposition code each month, Jun 2024 to Jul 2026. Over 99% of the gas went to a processing plant in the last 12 months. Flaring peaked at 13.3% of the gas in Jul 2024.Share of gas by disposition code0%50%100%Flared 13.3%Jul 24Jan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    100% · 323,865 mcf

  • Flared (4)

    0.2% · 775 mcf

0.2% of the gas flared in the last 12 months. One month above 3%.

1 well on this lease

Wells on COWTOWNS CAT 3903E
API numberWell no.Status
42-383-414985HAActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%From
Medallion Operating Company, LLCOilGathers90Dec 13, 2023
Transoil Marketing, LLCOilGathers10Dec 13, 2023
Targa Pl Mid-Cont Westtex LLCCasinghead gasBuys100Dec 13, 2023
Targa Pl Mid-Cont Westtex LLCCasinghead gasGathers100Dec 13, 2023

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

Who buys my oilOil price check

773.30 acres on the newest permit

  • Worth asking

    An allocation well is on this lease

    A well drilled across several tracts shares its production by an allocation formula, so the decimal is not always your acres over the unit acres. Ask the operator for the allocation formula and the tract factor for your land.

  • 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 Cowtowns Cat 3903E
API numberWell no.Acreson the permit
42-383-414985HA773.30

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

Unit decimal checker

What SM Energy Company told investors it received

Civitas Permian Operating, LLC is linked to SM Energy Company (CIVI).
Realized prices reported by SM Energy Company
QuarterOil$ per bblFiling
Q2 2026$96.85SEC filing
Q1 2026$73.69SEC filing
Q3 2025$65.24SEC filing
Q2 2025$63.87SEC filing
Q1 2025$70.90SEC filing
Q4 2024$69.96SEC filing

SourceSM Energy Company quarterly reports, SEC EDGAR, company-wide averages before hedging.

Estimate your royalty

26 months, newest first

Ledger for COWTOWNS CAT 3903E
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20264,3524,36526,91626,88729$80.46$2.89
Jun 20263,3343,35112,82412,80420$84.81$3.15
May 20264,2284,20420,06220,04220$102.13$2.94
Apr 20264,2924,26813,62913,57950$100.32$2.77
Mar 20262,9673,0753,6013,5983$91.38$3.04
Feb 20269,0229,1385,8965,88313$64.51$3.62
Jan 202613,93213,7208,8018,73962$60.04$7.72
Dec 20254,6794,7414014010$57.97$4.26
Nov 20258,6708,70138,02837,865163$60.06$3.79
Oct 20258,6558,57964,22864,087141$60.89$3.19
Sep 20258,1428,15267,88867,742146$63.96$2.97
Aug 20259,2369,24062,36662,238128$64.86$2.91
Jul 20258,6778,63867,25266,997255$68.39$3.20
Jun 20256,8617,05362,63661,2101,426$68.17$3.02
May 20259,9299,82459,23758,0531,184$62.17$3.12
Apr 20256,2306,25158,55158,45893$63.54$3.42
Mar 20257,8477,81955,10854,937171$68.24$4.12
Feb 20257,4067,42963,12162,834287$71.53$4.19
Jan 20259,0339,04176,64476,58064$75.74$4.13
Dec 202411,11311,11388,97088,91555$70.12$3.01
Nov 202411,30911,33777,05276,831221$69.95$2.12
Oct 202414,86314,85880,14079,468137$71.99$2.20
Sep 202418,27018,303102,030100,8001,230$70.24$2.28
Aug 202426,27326,236119,938118,0201,918$76.68$1.99
Jul 202416,60216,42627,66123,9803,681$81.80$2.07
Jun 202400000$79.77$2.54

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

This lease belongs to

OperatorCivitas Permian Operating, LLCFieldSpraberry (Trend Area)CountyReagan County

Civitas Permian Operating, LLC in Reagan County

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Spraberry (Trend Area) field

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