COVERT, F. M.

Operated by EL TORO RESOURCES LLC (P-5 250718) in the PENA CREEK (GEORGETOWN) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 221049District 01Field 70411210Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$661 k
Aug 2006 – May 2026
Value, last 12 filed months
$9 k
at the published price for each month
Months reported
238
no gaps in the span
Streams
2
condensate, gas

The Railroad Commission's own record for the field this lease produces from, including the spacing rule that governs how close together its wells may be drilled.

These are facts about the field, not about this lease. The field holds 83 leases and 91 wells, and the rule below applies to all of them.

Discovered
2003-10-10
as the register files it
Field class
Oil and gas
the register's own label
Between wells
1,200 ft
minimum
From a lease line
330 ft
minimum

A drilling unit in this field needs at least 80 acres. The field rule took effect on 2023-12-13.

The register flags this field for hydrogen sulphide. That is a poisonous gas that occurs naturally in some formations. The flag is a property of the field as the Commission records it. It is not a measurement taken at this lease, and it is not a statement that gas is escaping anywhere.

The Commission's schedule remark for this field reads: FIELD RULES MADE PERMANENT EFFECTIVE 06/16/2020 PURSUANT TO

Severance-tax incentive filings

Applications the operator filed to have this lease's gas taxed at a reduced state rate. A filing is an application, and this page never calls one a reduction that was granted.

ProgrammeFilingsWith an approval dateDatedDocket
High Cost Gas112006-11-30170225
NGPA1none

This says nothing about a royalty. A severance tax is charged to the operator. Whether a reduced rate reaches a royalty owner depends on the wording of the lease instrument, which is a private contract this site does not hold.

What this lease produced, and what it was worth

Oil and condensate are valued on the volume the state records as disposed of; gas and casinghead gas on the volume produced. They are different columns of different files, and the difference is not cosmetic.

StreamBasisVolumeValue
CondensateDisposition190 bbl$13,999
GasProduction124,566 Mcf$647,269
Total$661,268

Wells on this lease (1)

Every wellbore the Railroad Commission records against this lease key, with the depth, the last completion and the plug date exactly as filed. A well with no plug date is not stated to be producing — the state files no such flag.

These wells centre on 28.5806, -100.0192. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

28.58062, -100.01916 · centre of the wells drawn, derived

What these wells add up to

Every figure below is counted over all of this lease's wells, not over the rows listed above. The Railroad Commission files two facts about a well's state — a plug date and a proration-schedule flag — and a well can carry both, so they are published as separate counts and never merged into a status.

On the schedule
0.0%
0 of 1 wells
With a plug date
0.0%
0 of 1 wells
Median depth
5,898 ft
1 wells filed one
Completion to plug
no well filed both dates

What the state filed about each well

On the RRC proration schedule
00.0%
A plug date is filed
00.0%
BothOn the schedule and plugged. Neither fact cancels the other.
00.0%
NeitherNo plug date, and not on the schedule.
1100.0%

A plug date is the date the Commission recorded the wellbore as sealed with cement and abandoned. It is the only end-of-life fact Texas files. There is no "active" flag on a well, so this page does not print one — a well with no plug date is not stated to be producing.

How deep they were drilled

The one well that filed a depth was drilled to 5,898 ft.

Completions filed
Aug 2006
1 of 1 wells

1 well

42-127333481472H5,898 ftAug 2006

The API number is the state's, prefixed 42 for Texas. A well is matched to this lease by the lease key the Commission files on the wellbore record, so a well that has moved between leases appears under each one it was filed against.

Every month this lease reported (238)

Volume × price = value, one row per cycle. The price columns are the same series published on the prices page — nothing here is modelled.

238 months

May 20260224106.413.05$682
Apr 2026022298.932.87$637
Mar 2026022489.753.15$705
Feb 2026018963.503.75$709
Jan 2026018159.138.00$1,448
Dec 2025019756.664.41$869
Nov 2025017258.593.93$675
Oct 2025022659.383.30$747
Sep 2025018162.743.08$557
Aug 2025021463.933.01$645
Jul 2025018266.743.32$603
Jun 2025024566.483.13$767
May 2025025960.553.23$837
Apr 2025026762.363.54$946
Mar 2025029367.704.27$1,251
Feb 2025010270.884.34$443
Jan 2025019374.324.28$826
Dec 2024024868.993.12$774
Nov 2024018569.052.20$407
Oct 2024023871.372.28$543
Sep 2024023069.612.36$544
Aug 2024023875.632.06$491
Jul 2024023979.932.15$513
Jun 2024023778.082.63$624
May 2024024078.812.20$528
Apr 2024023084.451.66$382
Mar 2024024480.301.55$377
Feb 2024023676.091.78$421
Jan 2024025073.023.30$824
Dec 2023025371.262.61$661
Nov 2023025677.892.81$719
Oct 2023029285.443.09$901
Sep 2023018789.042.74$511
Aug 2023013380.522.67$355
Jul 2023018074.852.64$476
Jun 2023018168.962.26$409
May 2023017770.622.23$394
Apr 2023017478.122.24$389
Mar 2023022672.852.39$541
Feb 2023015575.112.47$382
Jan 2023019876.533.39$671
Dec 2022016876.415.73$962
Nov 202209185.005.65$514
Oct 2022013587.185.86$792
Sep 2022029684.888.16$2,416
Aug 2022027494.529.13$2,501
Jul 20220162101.587.54$1,222
Jun 20220192115.097.98$1,532
May 20220193109.378.43$1,628
Apr 20220155104.226.84$1,060
Mar 20220207108.885.08$1,051
Feb 2022020791.054.86$1,006
Jan 2022023381.844.54$1,057
Dec 2021022971.323.90$893
Nov 2021020777.435.24$1,084
Oct 2021016179.795.71$920
Sep 2021015869.865.35$845
Aug 2021024366.024.22$1,026
Jul 2021022370.783.98$888
Jun 2021020069.493.38$676
May 2021019063.483.02$573
Apr 2021018060.362.76$497
Mar 2021021361.302.72$579
Feb 2021015157.805.55$838
Jan 2021019150.412.81$537
Dec 2020018044.642.68$482
Nov 2020024538.772.71$663
Oct 2020022636.972.48$560
Sep 2020025837.091.99$514
Aug 2020026539.982.39$632
Jul 2020023638.371.83$431
Jun 2020023634.901.69$399
May 2020020816.921.81$377
Apr 2020022514.751.80$406
Mar 2020023030.341.86$427
Feb 2020016049.881.98$317
Jan 2020022457.252.09$469
Dec 2019026359.012.30$606
Nov 2019025555.302.75$701
Oct 2019022353.472.42$539
Sep 2019022055.052.66$585
Aug 2019023653.112.30$544
Jul 2019040356.272.46$991
Jun 2019011252.782.49$279
May 2019022358.482.74$611
Apr 2019022862.632.75$627
Mar 2019025156.803.06$769
Feb 2019018950.852.79$528
Jan 2019020846.033.23$671
Dec 2018018946.594.19$791
Nov 2018017252.934.24$729
Oct 2018018061.443.40$612
Sep 2018016559.543.11$513
Aug 2018015859.403.07$485
Jul 2018012165.142.93$355
Jun 2018012860.183.08$394
May 2018015765.382.90$455
Apr 2018018763.842.90$542
Mar 2018013261.222.79$368
Feb 2018011361.782.77$313
Jan 2018015262.874.01$609
Dec 2017015257.272.92$444
Nov 2017018255.423.12$568
Oct 2017024149.292.98$719
Sep 2017019747.523.09$608
Aug 2017027045.373.00$811
Jul 2017020443.873.09$630
Jun 2017020242.493.09$624
May 2017018045.373.26$587
Apr 2017015147.933.21$485
Mar 2017016246.772.98$483
Feb 2017023450.452.95$691
Jan 201708949.413.42$304
Dec 2016018648.763.72$692
Nov 2016019742.492.64$521
Oct 2016014946.193.09$460
Sep 2016016241.553.10$502
Aug 2016015741.442.92$459
Jul 2016012541.622.92$366
Jun 201608545.352.69$228
May 2016012342.521.99$245
Apr 2016027736.561.99$552
Mar 2016017133.011.79$307
Feb 2016014326.472.06$295
Jan 2016013627.352.36$322
Dec 2015011532.362.00$230
Nov 2015016538.792.17$358
Oct 2015036943.552.43$895
Sep 2015028542.992.76$786
Aug 2015033440.162.87$959
Jul 2015041448.152.95$1,219
Jun 20158235556.152.88$5,628
May 2015027755.212.96$819
Apr 2015034949.822.71$945
Mar 2015040742.892.93$1,194
Feb 2015831844.662.98$1,304
Jan 2015035243.433.10$1,091
Dec 2014036854.693.59$1,322
Nov 2014039070.464.25$1,658
Oct 2014042578.303.90$1,658
Sep 2014042586.164.05$1,719
Aug 2014543989.394.04$2,218
Jul 2014043396.564.18$1,810
Jun 2014437698.164.74$2,174
May 2014052194.734.73$2,463
Apr 2014550295.944.81$2,894
Mar 2014052795.895.06$2,665
Feb 2014149197.406.19$3,138
Jan 2014149190.404.86$2,477
Dec 2013558391.824.35$2,998
Nov 2013053488.853.74$1,996
Oct 2013051297.423.78$1,935
Sep 20134547104.113.72$2,450
Aug 20130586104.253.52$2,064
Jul 20131575102.523.72$2,240
Jun 2013158394.403.93$2,388
May 2013551394.834.15$2,603
Apr 2013150393.964.28$2,248
Mar 2013150293.623.91$2,058
Feb 2013148391.233.42$1,743
Jan 2013448191.603.42$2,011
Dec 2012047986.773.42$1,638
Nov 2012149786.953.62$1,889
Oct 2012150889.383.40$1,816
Sep 2012147394.672.92$1,475
Aug 2012156492.662.91$1,733
Jul 2012665085.133.02$2,474
Jun 2012161979.822.52$1,639
May 2012165891.612.49$1,729
Apr 20121495101.652.00$1,090
Mar 20121544105.052.22$1,314
Feb 20124714101.102.57$2,240
Jan 2012150498.092.73$1,476
Dec 2011134096.873.24$1,198
Nov 2011538795.723.31$1,760
Oct 2011181784.983.65$3,066
Sep 2011178183.623.99$3,197
Aug 2011067983.404.15$2,817
Jul 2011495094.144.52$4,668
Jun 2011435392.904.64$2,009
May 2011066798.134.40$2,938
Apr 20110644105.964.33$2,791
Mar 2011067696.364.06$2,743
Feb 2011361685.644.18$2,832
Jan 2011070486.504.59$3,231
Dec 20101350085.734.35$3,288
Nov 2010061780.843.80$2,342
Oct 2010064278.103.51$2,253
Sep 2010363972.633.98$2,761
Aug 2010066973.684.42$2,957
Jul 2010065772.554.74$3,112
Jun 2010061470.364.91$3,015
May 2010068671.124.24$2,905
Apr 2010056081.694.12$2,309
Mar 2010570678.394.39$3,490
Feb 2010064473.585.44$3,505
Jan 201001,06874.365.96$6,370
Dec 2009097371.445.48$5,336
Nov 2009092374.593.75$3,463
Oct 2009096772.544.11$3,975
Sep 2009094865.543.06$2,905
Aug 200901,02267.423.22$3,289
Jul 200901,03961.133.46$3,600
Jun 200901,01666.163.90$3,957
May 200901,11054.743.93$4,358
Apr 200901,05846.773.59$3,796
Mar 200901,03642.144.06$4,205
Feb 200901,11232.814.63$5,152
Jan 200901,19635.865.37$6,424
Dec 200801,03337.105.98$6,174
Nov 200801,09555.496.86$7,512
Oct 200801,22275.246.92$8,459
Sep 200801,217101.767.88$9,586
Aug 200801,140114.228.48$9,671
Jul 200801,175131.0811.39$13,383
Jun 200801,118131.3313.03$14,570
May 200801,132123.1711.57$13,102
Apr 200801,157110.3110.45$12,096
Mar 200801,187101.909.66$11,471
Feb 200801,12192.538.77$9,832
Jan 200801,21890.388.21$9,995
Dec 200701,25388.337.30$9,149
Nov 200701,27191.677.29$9,268
Oct 200701,36482.856.92$9,442
Sep 200701,33075.846.24$8,305
Aug 200701,67169.066.39$10,674
Jul 200701,69670.906.39$10,834
Jun 200701,76162.007.55$13,293
May 200701,70158.747.85$13,347
Apr 200701,84859.617.81$14,424
Mar 200701,89756.927.30$13,852
Feb 200701,85755.108.22$15,257
Jan 200702,25150.306.73$15,142
Dec 200602,35656.656.92$16,300
Nov 200602,60254.207.62$19,821
Oct 200623,34854.906.01$20,244
Sep 200604,73660.085.04$23,856
Aug 200602,56868.717.34$18,849

How to read this page

The arithmetic is one multiplication per stream per month. Here it is, worked, on a real row from the table above.

May 2026 — as filed, then multipliedworked
Condensate             0 bbl  × $106.41 =         $0
Gas                  224 Mcf  × $  3.05 =       $682

────────────────────────────────────────────────────
Month total                                     $682

The volumes are the state's, unchanged

Every barrel and every Mcf on this page is a number the Railroad Commission of Texas published in its monthly production query. Nothing is modelled, estimated or filled in.

The dollars are a multiplication, not a valuation

Volume × a published monthly price. It is not what the operator was paid: it takes no account of a contract, a differential, a transportation deduction, or the share any one owner holds.

Oil and gas are priced differently

Oil is a Texas realisation — the crude oil first purchase price. Gas is a benchmark, because no free Texas wellhead gas series exists at any date. The prices page publishes the difference rather than correcting it away.

A lease is not a well

The state reports oil on lease and gas on well, and this page is the lease grain. 01/G/221049 is the state's own key, not one this site invented.