This study determines whether a conservation tillage system with low energy precision application (LEPA) irrigation is a viable economic alternative for cotton producers on the Texas Southern High Plains. It was found that the conservation tillage system shows increases in both cotton lint yield and profile soil moisture over the conventional tillage system. The increase in yield is a result of the increased profile soil moisture. The higher production costs of the conservation tillage system are offset by higher yields. The conservation tillage system provides greater returns over total production costs, thus making the conservation tillage LEPA system more profitable.