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COVERT 34-183

Operated by JETTA OPERATING COMPANY, INC. (P-5 432283) in the COLLIE (DELAWARE) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 53699District 08Field 19665200OilCasinghead gasSaveExport
Value, all time
$61.9 M
Dec 2019 – May 2026
Value, last 12 filed months
$5.5 M
at the published price for each month
Months reported
78
no gaps in the span
Streams
2
oil, casinghead gas

The COLLIE (DELAWARE) 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 140 leases and 683 wells, and the rule below applies to all of them.

Discovered
1981-11-07
as the register files it
Field class
Oil and gas
the register's own label
Between wells
0 ft
minimum
From a lease line
191 ft
minimum

A drilling unit in this field needs at least 10 acres. The field rule took effect on 2020-02-01.

The Commission's schedule remark for this field reads: “WELLS WITH LESS THAN 80ACRES ELIGIBLE FOR 350MER”

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
OilDisposition715,546 bbl$53,467,294
Casinghead gasProduction2,124,729 Mcf$8,397,525
Total$61,864,819

Wells on this lease (7)

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 31.4528, -103.4182. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.4 miles.

31.45314, -103.41903 · 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 7 wells
With a plug date
0.0%
0 of 7 wells
Median depth
6,928 ft
7 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.
7100.0%

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

Between 6,861 and 8,264 ft, median 6,928 ft, over the 7 wells that filed a depth.

Completions filed
Dec 2019 – Oct 2022
7 of 7 wells

7 wells

42-4753837876,980 ftOct 2022——
42-4753820066,861 ftOct 2021——
42-4753819956,872 ftSep 2021——
42-4753819846,927 ftSep 2021——
42-4753816226,932 ftDec 2020——
42-4753816336,928 ftDec 2020——
42-4753796018,264 ftDec 2019——

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 (78)

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

78 months

May 20265,23630,529106.413.05$650,149
Apr 20264,01826,83498.932.87$474,507
Mar 20264,65528,64589.753.15$508,002
Feb 20264,26025,29263.503.75$365,363
Jan 20264,40527,21359.138.00$478,115
Dec 20254,95729,56056.664.41$411,323
Nov 20254,88827,73558.593.93$395,288
Oct 20254,60324,32559.383.30$353,716
Sep 20255,50528,09062.743.08$431,814
Aug 20256,26729,90263.933.01$490,797
Jul 20256,14528,81866.743.32$505,655
Jun 20255,42627,78166.483.13$447,639
May 20254,87128,36560.553.23$386,624
Apr 20254,79525,98662.363.54$391,088
Mar 20255,93628,58167.704.27$523,860
Feb 20255,48325,21770.884.34$498,098
Jan 20256,44428,86274.324.28$602,409
Dec 20246,26827,79068.993.12$519,172
Nov 20246,25927,34669.052.20$492,302
Oct 20246,73428,42471.372.28$545,452
Sep 20246,73729,26769.612.36$538,160
Aug 20246,90929,23275.632.06$582,852
Jul 20246,95230,05779.932.15$620,193
Jun 20247,42729,96678.082.63$658,830
May 20247,03630,52778.812.20$621,619
Apr 20248,26130,55984.451.66$748,345
Mar 20249,29530,11980.301.55$792,926
Feb 20248,55225,63476.091.78$696,444
Jan 20247,16721,63973.023.30$594,692
Dec 20238,45923,53071.262.61$664,219
Nov 20239,05424,29877.892.81$773,434
Oct 202310,48525,98985.443.09$976,074
Sep 202310,50925,02589.042.74$1,004,166
Aug 20239,75425,40680.522.67$853,299
Jul 202310,51826,99074.852.64$858,574
Jun 202312,41635,32268.962.26$935,981
May 202311,64235,98470.622.23$902,309
Apr 202312,43036,24278.122.24$1,052,133
Mar 202313,18438,56172.852.39$1,052,737
Feb 202312,08733,94975.112.47$991,562
Jan 202315,76638,40376.533.39$1,336,671
Dec 202215,11937,71576.415.73$1,371,315
Nov 202215,73838,12585.005.65$1,552,991
Oct 202215,40440,10087.185.86$1,578,058
Sep 202211,01935,53684.888.16$1,225,397
Aug 202213,38840,04494.529.13$1,630,922
Jul 202213,94542,915101.587.54$1,740,201
Jun 202214,28942,207115.097.98$1,981,215
May 202215,24842,728109.378.43$2,028,001
Apr 202216,07744,195104.226.84$1,977,733
Mar 202217,16446,343108.885.08$2,104,072
Feb 202217,33141,87491.054.86$1,781,447
Jan 202219,35342,22481.844.54$1,775,449
Dec 202120,43541,44771.323.90$1,619,031
Nov 202121,13838,87777.435.24$1,840,308
Oct 202120,30342,88379.795.71$1,865,004
Sep 20215,18012,54969.865.35$429,024
Aug 20218,38919,17166.024.22$634,755
Jul 20218,30223,72170.783.98$682,074
Jun 20219,00323,71569.493.38$705,790
May 202110,11524,25263.483.02$715,285
Apr 202110,63124,83660.362.76$710,195
Mar 202112,17326,09661.302.72$817,106
Feb 202110,89119,49057.805.55$737,629
Jan 202114,63124,91350.412.81$807,561
Dec 20209,84324,35744.642.68$504,558
Nov 20204,0129,15638.772.71$180,327
Oct 20204,3509,87836.972.48$185,301
Sep 20204,55410,16337.091.99$189,143
Aug 20204,93910,76839.982.39$223,144
Jul 20205,22210,50538.371.83$219,541
Jun 20205,3419,26734.901.69$202,065
May 20205,4989,39016.921.81$110,067
Apr 20205,7738,70514.751.80$100,859
Mar 20206,4985,66230.341.86$207,659
Feb 20206,5368,32949.881.98$342,513
Jan 20205,4048,13857.252.09$326,426
Dec 20195152,46159.012.30$36,061

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
Oil                5,236 bbl  × $106.41 =   $557,163
Casinghead gas    30,529 Mcf  × $  3.05 =    $92,986

────────────────────────────────────────────────────
Month total                                 $650,149

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/O/53699 is the state's own key, not one this site invented.