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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 283694District 08Field 71052900Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$25.6 M
Oct 2017 – May 2026
Value, last 12 filed months
$1.2 M
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 Gas112019-02-06222846
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
CondensateDisposition310,604 bbl$19,077,742
GasProduction1,984,737 Mcf$6,533,360
Total$25,611,102

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 31.8840, -103.9538. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.88397, -103.95376 · 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
10,110 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 10,110 ft.

Completions filed
Oct 2017
1 of 1 wells

1 well

42-3893558211H10,110 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 202697310,478106.413.05$135,451
Apr 20261,32911,23798.932.87$163,725
Mar 20261,27811,28489.753.15$150,239
Feb 20269819,74763.503.75$98,848
Jan 20263935,40859.138.00$66,491
Dec 20258597,97656.664.41$83,872
Nov 20251,0429,08058.593.93$96,703
Oct 20258367,92059.383.30$75,816
Sep 20255698,15962.743.08$60,804
Aug 202598510,49563.933.01$94,611
Jul 20251,23713,01866.743.32$125,715
Jun 20251184,43966.483.13$21,733
May 20253044,36160.553.23$32,503
Apr 20258366,64062.363.54$75,659
Mar 20251,1047,86867.704.27$108,324
Feb 20257344,34870.884.34$70,900
Jan 20251,51115,82074.324.28$179,986
Dec 20241,28412,61868.993.12$127,969
Nov 20241,52814,71669.052.20$137,861
Oct 202468315,31371.372.28$83,681
Sep 20244573,62269.612.36$40,375
Aug 20242,16711,41475.632.06$187,444
Jul 20241,76513,18179.932.15$169,371
Jun 20247837,16778.082.63$80,014
May 20241,26712,71278.812.20$127,799
Apr 20241,10414,03184.451.66$116,513
Mar 20241,07611,80680.301.55$104,645
Feb 202495810,67876.091.78$91,940
Jan 20241,14511,13073.023.30$120,311
Dec 202391012,00171.262.61$96,178
Nov 20239897,42577.892.81$97,879
Oct 20231,18612,61885.443.09$140,287
Sep 202394510,58689.042.74$113,096
Aug 20231,18512,06080.522.67$127,651
Jul 20231,00613,21374.852.64$110,205
Jun 20231,04111,73068.962.26$98,279
May 20231,37913,82470.622.23$128,177
Apr 202376610,97878.122.24$84,406
Mar 20231,36914,87472.852.39$135,328
Feb 20231,35812,41275.112.47$132,603
Jan 20232,62615,05376.533.39$251,963
Dec 20222,57714,18276.415.73$278,158
Nov 20221,96614,54185.005.65$249,211
Oct 20222,33914,34287.185.86$288,012
Sep 20221,37215,55984.888.16$243,474
Aug 20221,74515,37194.529.13$305,231
Jul 20221,53712,847101.587.54$253,022
Jun 20221,13113,523115.097.98$238,042
May 20221,61514,299109.378.43$297,217
Apr 20221,71912,211104.226.84$262,648
Mar 20222,09113,569108.885.08$296,550
Feb 20221,76112,98691.054.86$223,436
Jan 20221,52513,62981.844.54$186,650
Dec 20211,76815,20371.323.90$185,372
Nov 20215547,72677.435.24$83,356
Oct 20211,58416,42379.795.71$220,226
Sep 20211,77816,18569.865.35$210,816
Aug 20211,84417,80466.024.22$196,884
Jul 20212,00816,87570.783.98$209,324
Jun 20211,65714,79069.493.38$165,144
May 20212,06917,18863.483.02$183,208
Apr 20212,15017,09460.362.76$176,926
Mar 20212,02316,95661.302.72$170,078
Feb 20211,79313,17857.805.55$176,746
Jan 20212,00216,37050.412.81$146,925
Dec 20202,31318,46944.642.68$152,665
Nov 20202,51818,36738.772.71$147,334
Oct 20201,92617,30736.972.48$114,098
Sep 20201,88716,41437.091.99$102,670
Aug 20202,54920,63539.982.39$151,126
Jul 20202,64120,88738.371.83$139,456
Jun 20202,49119,36934.901.69$119,676
May 20201,41211,97716.921.81$45,626
Apr 20202,04516,06514.751.80$59,151
Mar 20202,70020,30830.341.86$119,614
Feb 20202,66319,28349.881.98$171,024
Jan 20202,55019,62257.252.09$187,090
Dec 20193,03221,06159.012.30$227,450
Nov 20193,18720,89855.302.75$233,725
Oct 20193,22623,79553.472.42$230,043
Sep 20193,53525,00655.052.66$261,050
Aug 20193,58626,45253.112.30$251,407
Jul 20193,60025,89256.272.46$266,268
Jun 20193,99024,89752.782.49$272,616
May 20194,13025,36158.482.74$311,020
Apr 20194,15625,07562.632.75$329,264
Mar 20194,08625,65556.803.06$310,643
Feb 20194,32526,52550.852.79$293,990
Jan 20195,00229,11446.033.23$324,227
Dec 20185,16328,74646.594.19$360,859
Nov 20185,37129,68752.934.24$410,078
Oct 20185,79933,34461.443.40$469,596
Sep 20185,89731,51759.543.11$449,062
Aug 20187,43738,57259.403.07$560,041
Jul 20187,35439,60565.142.93$595,157
Jun 20187,75840,44160.183.08$591,310
May 20188,29042,84965.382.90$666,297
Apr 20189,79746,55063.842.90$760,473
Mar 201811,01647,01661.222.79$805,426
Feb 20189,63140,40461.782.77$706,765
Jan 201815,22163,64662.874.01$1,212,121
Dec 201718,12574,11557.272.92$1,254,547
Nov 201720,30980,44255.423.12$1,376,372
Oct 201713,21243,07849.292.98$779,750

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           973 bbl  × $106.41 =   $103,537
Gas               10,478 Mcf  × $  3.05 =    $31,914

────────────────────────────────────────────────────
Month total                                 $135,451

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/283694 is the state's own key, not one this site invented.