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COVINGTON 46

Operated by WPX ENERGY PERMIAN, LLC (P-5 942623) in the PHANTOM (WOLFCAMP) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 283271District 08Field 71052900Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$27.9 M
Oct 2017 – May 2026
Value, last 12 filed months
$911 k
at the published price for each month
Months reported
104
no gaps in the span
Streams
2
condensate, gas

The PHANTOM (WOLFCAMP) field

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 7,755 leases and 10,539 wells, and the rule below applies to all of them.

Discovered
1983-06-23
as the register files it
Field class
Oil and gas
the register's own label
Between wells
0 ft
minimum
From a lease line
330 ft
minimum

A drilling unit in this field needs at least 20 acres. The field rule took effect on 2017-08-01.

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: “FOR THE FOLLOWING API 389-37515.”

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 Gas112019-02-06222845
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
CondensateDisposition347,876 bbl$21,334,356
GasProduction2,031,259 Mcf$6,547,244
Total$27,881,600

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 31.8841, -103.9558. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.88410, -103.95579 · 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
9,923 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 9,923 ft.

Completions filed
Oct 2017
1 of 1 wells

1 well

42-3893558110H9,923 ftOct 2017——

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 (104)

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

104 months

May 20268576,075106.413.05$109,697
Apr 20261,1276,55898.932.87$130,314
Mar 20269435,46689.753.15$101,849
Feb 20261,2098,45263.503.75$108,469
Jan 20265073,59559.138.00$58,731
Dec 20251,2969,14556.664.41$113,792
Nov 20251,2507,84658.593.93$104,044
Oct 20258275,03859.383.30$65,757
Sep 20255784,72862.743.08$50,811
Aug 20255403,25663.933.01$44,338
Jul 2025112066.743.32$7,475
Jun 202522140266.483.13$15,950
May 20259816,29860.553.23$79,757
Apr 20252,06211,68162.363.54$169,974
Mar 20255,21133,21467.704.27$494,553
Feb 20252,04221,30070.884.34$237,197
Jan 20253,61321,83074.324.28$361,922
Dec 20241,56211,35368.993.12$143,199
Nov 20241,6619,85769.052.20$136,362
Oct 20248469,17671.372.28$81,313
Sep 20242262,18669.612.36$20,900
Aug 202497111,06075.632.06$96,260
Jul 202487811,29879.932.15$94,431
Jun 20245097,59678.082.63$59,750
May 20241,07210,07678.812.20$106,636
Apr 202499711,41084.451.66$103,128
Mar 20241,31812,49780.301.55$125,145
Feb 20248848,91076.091.78$83,156
Jan 20241,25511,46473.023.30$129,444
Dec 202397511,14071.262.61$98,562
Nov 20239038,19577.892.81$93,343
Oct 20231,44314,11985.443.09$166,879
Sep 20231,38612,74289.042.74$158,259
Aug 20231,52711,71380.522.67$154,261
Jul 20231,40312,74174.852.64$138,674
Jun 20231,28811,21168.962.26$114,140
May 20231,36612,61370.622.23$124,561
Apr 20231,1309,65278.122.24$109,874
Mar 20232,99115,79072.852.39$255,682
Feb 20232,82817,03375.112.47$254,409
Jan 20232,88316,16476.533.39$275,395
Dec 20221,47310,28276.415.73$171,458
Nov 20221,1229,82085.005.65$150,816
Oct 20221,3929,63687.185.86$177,858
Sep 20222,1039,46484.888.16$255,764
Aug 20221,7128,75994.529.13$241,763
Jul 20221,4156,831101.587.54$195,256
Jun 20221,3118,318115.097.98$217,237
May 20222,78616,642109.378.43$445,047
Apr 20221,3068,856104.226.84$196,665
Mar 20222,54612,902108.885.08$342,704
Feb 20222,71913,14091.054.86$311,410
Jan 20221,37413,15381.844.54$172,132
Dec 20211,66617,78571.323.90$188,165
Nov 20216405,56977.435.24$78,719
Oct 20211,83818,95579.795.71$254,960
Sep 20211,87717,22469.865.35$223,291
Aug 20211,99417,64766.024.22$206,125
Jul 20211,97216,42470.783.98$204,980
Jun 20211,70815,41669.493.38$170,805
May 20212,12419,64363.483.02$194,108
Apr 20212,25716,83960.362.76$182,682
Mar 20211,91614,36461.302.72$156,477
Feb 20211,38511,54557.805.55$144,104
Jan 20211,69213,65350.412.81$123,662
Dec 20202,18415,23844.642.68$138,262
Nov 20202,36115,68738.772.71$133,994
Oct 20202,02815,59336.972.48$113,621
Sep 20201,68713,47437.091.99$89,398
Aug 20202,21117,50139.982.39$130,137
Jul 20202,68519,16038.371.83$137,993
Jun 20202,60718,88934.901.69$122,913
May 20201,97914,74816.921.81$60,249
Apr 20202,47616,88914.751.80$66,995
Mar 20202,90220,55130.341.86$126,194
Feb 20202,45618,11049.881.98$158,375
Jan 20202,63519,22757.252.09$191,129
Dec 20193,76526,06459.012.30$282,233
Nov 20193,69925,74255.302.75$275,363
Oct 20193,95628,34253.472.42$280,074
Sep 20194,24728,65955.052.66$309,952
Aug 20194,34329,00353.112.30$297,490
Jul 20194,39830,44256.272.46$322,365
Jun 20194,21327,91652.782.49$291,906
May 20194,78330,40758.482.74$363,035
Apr 20194,91130,20462.632.75$390,658
Mar 20195,05932,30156.803.06$386,260
Feb 20194,71528,74150.852.79$320,009
Jan 20196,11634,11346.033.23$391,642
Dec 20186,06932,50046.594.19$418,782
Nov 20187,12637,62752.934.24$536,614
Oct 20187,21038,82261.443.40$574,903
Sep 20186,72033,96459.543.11$505,669
Aug 20187,70540,56359.403.07$582,066
Jul 20188,42443,24465.142.93$675,526
Jun 20188,85943,64760.183.08$667,433
May 20189,70747,52565.382.90$772,504
Apr 201810,22846,41263.842.90$787,587
Mar 201812,56153,88161.222.79$919,142
Feb 201814,00958,05961.782.77$1,026,074
Jan 20188,33527,66862.874.01$634,951
Dec 201721,96483,38657.272.92$1,501,492
Nov 201725,47297,92655.423.12$1,717,027
Oct 201713,06551,28749.292.98$796,998

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           857 bbl  × $106.41 =    $91,193
Gas                6,075 Mcf  × $  3.05 =    $18,503

────────────────────────────────────────────────────
Month total                                 $109,697

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. 08/G/283271 is the state's own key, not one this site invented.