V. COVINGTON UNIT

Operated by BKV BARNETT II, LLC (P-5 103758) in the NEWARK, EAST (BARNETT SHALE) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 263773District 09Field 652802002 tax incentive programmesCondensateGasSaveExport
Value, all time
$4.3 M
Oct 2011 – May 2026
Value, last 12 filed months
$5 k
at the published price for each month
Months reported
176
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 21,881 leases and 22,468 wells, and the rule below applies to all of them.

Discovered
1981-10-15
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 2009-09-29.

The Commission's schedule remark for this field reads: DESIGNATED AS UFT FIELD PER DOCKET 01-0299858

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 Gas112012-08-10206865
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
CondensateDisposition19,499 bbl$1,761,849
GasProduction792,586 Mcf$2,573,064
Total$4,334,913

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 33.4247, -97.7047. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

33.42474, -97.70471 · 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
7,139 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 7,139 ft.

Completions filed
Nov 2011
1 of 1 wells

1 well

42-497372731H7,139 ftNov 2011

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 (176)

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

176 months

May 202600106.413.05$0
Apr 20260098.932.87$0
Mar 20260089.753.15$0
Feb 20260063.503.75$0
Jan 20260059.138.00$0
Dec 20250056.664.41$0
Nov 20250058.593.93$0
Oct 20250059.383.30$0
Sep 202579062.743.08$4,956
Aug 20250063.933.01$0
Jul 20250066.743.32$0
Jun 20250066.483.13$0
May 20250060.553.23$0
Apr 20250062.363.54$0
Mar 20250067.704.27$0
Feb 20250070.884.34$0
Jan 20250074.324.28$0
Dec 20240068.993.12$0
Nov 20240069.052.20$0
Oct 20240071.372.28$0
Sep 20240069.612.36$0
Aug 20240075.632.06$0
Jul 20240079.932.15$0
Jun 20240078.082.63$0
May 20240078.812.20$0
Apr 20240084.451.66$0
Mar 20240080.301.55$0
Feb 20240076.091.78$0
Jan 20240073.023.30$0
Dec 20230071.262.61$0
Nov 20230077.892.81$0
Oct 20230085.443.09$0
Sep 20230089.042.74$0
Aug 20230080.522.67$0
Jul 20230074.852.64$0
Jun 20230068.962.26$0
May 20230070.622.23$0
Apr 20230078.122.24$0
Mar 20230072.852.39$0
Feb 20230075.112.47$0
Jan 20230076.533.39$0
Dec 20220076.415.73$0
Nov 20220085.005.65$0
Oct 20220087.185.86$0
Sep 20220084.888.16$0
Aug 20220094.529.13$0
Jul 202200101.587.54$0
Jun 202200115.097.98$0
May 202200109.378.43$0
Apr 202200104.226.84$0
Mar 202200108.885.08$0
Feb 20220091.054.86$0
Jan 20220281.844.54$9
Dec 20210071.323.90$0
Nov 20210077.435.24$0
Oct 20210079.795.71$0
Sep 20210069.865.35$0
Aug 20210066.024.22$0
Jul 20210070.783.98$0
Jun 20210069.493.38$0
May 20210063.483.02$0
Apr 20210060.362.76$0
Mar 20210061.302.72$0
Feb 20210057.805.55$0
Jan 20210050.412.81$0
Dec 20200044.642.68$0
Nov 20200038.772.71$0
Oct 20200036.972.48$0
Sep 20200037.091.99$0
Aug 20200039.982.39$0
Jul 20200038.371.83$0
Jun 20200034.901.69$0
May 20200016.921.81$0
Apr 20200014.751.80$0
Mar 20200030.341.86$0
Feb 20200049.881.98$0
Jan 20200057.252.09$0
Dec 20190059.012.30$0
Nov 201901,05855.302.75$2,910
Oct 201903,76253.472.42$9,099
Sep 201901,66755.052.66$4,430
Aug 20191682,02653.112.30$13,591
Jul 2019088356.272.46$2,172
Jun 201901,77552.782.49$4,422
May 201906,15958.482.74$16,878
Apr 201906,18862.632.75$17,021
Mar 201901,54356.803.06$4,725
Feb 201901,77650.852.79$4,959
Jan 2019088346.033.23$2,850
Dec 201805,02446.594.19$21,028
Nov 201804,16352.934.24$17,640
Oct 20181642,75661.443.40$19,441
Sep 201802,55959.543.11$7,953
Aug 2018088359.403.07$2,708
Jul 2018088365.142.93$2,589
Jun 201803,05060.183.08$9,385
May 201804,36665.382.90$12,665
Apr 201801,81463.842.90$5,262
Mar 201802,28061.222.79$6,354
Feb 201802,59761.782.77$7,184
Jan 20182151,94262.874.01$21,303
Dec 201703,70357.272.92$10,818
Nov 201702,94455.423.12$9,180
Oct 201704,42349.292.98$13,197
Sep 201704,98647.523.09$15,393
Aug 201703,40345.373.00$10,224
Jul 201702,49543.873.09$7,703
Jun 201702,58942.493.09$7,993
May 201705,36745.373.26$17,515
Apr 201705,38947.933.21$17,307
Mar 20171786,17646.772.98$26,752
Feb 201705,49050.452.95$16,210
Jan 201705,50649.413.42$18,824
Dec 201603,46348.763.72$12,892
Nov 201606,45442.492.64$17,067
Oct 20161617,55046.193.09$30,768
Sep 201607,08041.553.10$21,952
Aug 201637,15341.442.92$21,042
Jul 201607,63841.622.92$22,336
Jun 201605,60545.352.69$15,054
May 201606,49242.521.99$12,926
Apr 20161608,75136.561.99$23,273
Mar 201609,15233.011.79$16,419
Feb 201607,93026.472.06$16,365
Jan 201609,42627.352.36$22,286
Dec 201508,35132.362.00$16,714
Nov 201533610,48638.792.17$35,760
Oct 201508,92343.552.43$21,652
Sep 2015147,00742.992.76$19,930
Aug 20151668,26640.162.87$30,411
Jul 2015265,95848.152.95$18,799
Jun 2015136,46456.152.88$19,365
May 20151838,17955.212.96$34,276
Apr 2015148,68449.822.71$24,201
Mar 2015109,23742.892.93$27,537
Feb 201587,77344.662.98$23,491
Jan 2015115,97643.433.10$19,007
Dec 20141788,16054.693.59$39,040
Nov 201458,72470.464.25$37,445
Oct 20143448,70978.303.90$60,909
Sep 201438,66886.164.05$35,324
Aug 20141310,63689.394.04$44,080
Jul 2014510,61796.564.18$44,858
Jun 2014711,61698.164.74$55,711
May 201417911,11794.734.73$69,502
Apr 20141610,92395.944.81$54,065
Mar 201434111,84395.895.06$92,586
Feb 201407,47997.406.19$46,310
Jan 201416710,44390.404.86$65,857
Dec 201309,26891.824.35$40,357
Nov 201316611,43988.853.74$57,511
Oct 2013011,53597.423.78$43,595
Sep 201317612,175104.113.72$63,587
Aug 201317612,909104.253.52$63,821
Jul 201316613,107102.523.72$65,747
Jun 201335613,73394.403.93$87,624
May 201316913,10194.834.15$70,383
Apr 201334012,20493.964.28$84,211
Mar 201317213,12193.623.91$67,443
Feb 201316911,59191.233.42$55,058
Jan 201334112,71391.603.42$74,713
Dec 201234911,68486.773.42$70,244
Nov 201217113,02286.953.62$62,073
Oct 201234314,27689.383.40$79,191
Sep 201234814,98294.672.92$76,669
Aug 201251515,70392.662.91$93,387
Jul 201268616,21585.133.02$107,381
Jun 201251717,34079.822.52$84,947
May 201284918,21691.612.49$123,104
Apr 201268219,654101.652.00$108,570
Mar 20121,18521,329105.052.22$171,879
Feb 20121,03521,082101.102.57$158,824
Jan 20121,90725,36298.092.73$256,399
Dec 20112,08418,00896.873.24$260,218
Nov 20113,4305,37495.723.31$346,114
Oct 20110084.983.65$0

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.

Sep 2025 — as filed, then multipliedworked
Condensate            79 bbl  × $ 62.74 =     $4,956
Gas                    0 Mcf  × $  3.08 =         $0

────────────────────────────────────────────────────
Month total                                   $4,956

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. 09/G/263773 is the state's own key, not one this site invented.