COVINGTON

Name: COVINGTON lease production and value, Oct 1993 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by METANO ENERGY III, LP (P-5 562176) in the CHARDONNAY (CADDO) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 28704District 09Field 17152200OilCasinghead gasSave Export

Value, all time

$1.0 M

Oct 1993 – Mar 2018

Value, last 12 filed months

$17 k

at the published price for each month

Months reported

294

no gaps in the span

Streams

oil, casinghead gas

The CHARDONNAY (CADDO) 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 13 leases and 30 wells, and the rule below applies to all of them.

Discovered

1987-10-01

as the register files it

Field class

Oil

the register's own label

Between wells

1,200 ft

minimum

From a lease line

467 ft

minimum

A drilling unit in this field needs at least 40 acres. The field rule took effect on 2011-11-01.

The Commission's schedule remark for this field reads: “PSUEDO RULES FOR HORIZONTAL WELLS”

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.

Stream	Basis	Volume	Value
Oil	Disposition	34,879 bbl	$1,003,820
Casinghead gas	Production	30 Mcf	$12
Total			$1,003,831

26 Mcf of this lease's gas, across 26 months, carries no value here. No free Texas wellhead gas price exists before 1997, so those months are left out of the total rather than valued at zero. The total above is therefore a floor, not an estimate.

Wells on this lease (6)

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 33.5865, -99.0077. A lease has no coordinate of its own — that point is the mean of its wells, and they span 2.9 miles.

33.58741, -99.01257 · centre of the wells drawn, derived⌘ or Ctrl + scroll to zoom

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

100.0%

6 of 6 wells

With a plug date

100.0%

6 of 6 wells

Median depth

5,165 ft

6 wells filed one

Completion to plug

8.7 years

median over 6 wells

What the state filed about each well

On the RRC proration schedule

6100.0%

A plug date is filed

6100.0%

BothOn the schedule and plugged. Neither fact cancels the other.

6100.0%

NeitherNo plug date, and not on the schedule.

00.0%

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 4,933 and 5,400 ft, median 5,165 ft, over the 6 wells that filed a depth.

Completions filed

Jan 1994 – Dec 2012

6 of 6 wells

Plug dates filed

Nov 2013 – Feb 2020

6 of 6 wells

Last completion to plug: a median of 8.7 years across the 6 wells that filed both dates, with the middle half between 7.5 years and 15.1 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

6 wells


42-02331479	2	5,302 ft	Dec 2012	Jan 2020	Yes
42-02331616	2H	5,050 ft	Dec 2012	Feb 2020	Yes
42-02331617	1H	4,933 ft	Jul 2011	Jan 2020	Yes
42-02331612	3H	5,031 ft	Jan 2009	Oct 2017	Yes
42-02331521	S 1	5,400 ft	Sep 1996	Nov 2013	Yes
42-02331484	1	5,279 ft	Jan 1994	Nov 2013	Yes

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 (294)

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

294 months


Mar 2018	0	0	61.22	2.79	$0
Feb 2018	0	0	61.78	2.77	$0
Jan 2018	0	0	62.87	4.01	$0
Dec 2017	0	0	57.27	2.92	$0
Nov 2017	0	0	55.42	3.12	$0
Oct 2017	0	0	49.29	2.98	$0
Sep 2017	35	0	47.52	3.09	$1,663
Aug 2017	0	0	45.37	3.00	$0
Jul 2017	0	0	43.87	3.09	$0
Jun 2017	167	0	42.49	3.09	$7,096
May 2017	0	0	45.37	3.26	$0
Apr 2017	167	0	47.93	3.21	$8,004
Mar 2017	0	0	46.77	2.98	$0
Feb 2017	0	0	50.45	2.95	$0
Jan 2017	171	0	49.41	3.42	$8,449
Dec 2016	172	0	48.76	3.72	$8,387
Nov 2016	0	0	42.49	2.64	$0
Oct 2016	0	0	46.19	3.09	$0
Sep 2016	171	0	41.55	3.10	$7,105
Aug 2016	0	0	41.44	2.92	$0
Jul 2016	173	0	41.62	2.92	$7,200
Jun 2016	0	0	45.35	2.69	$0
May 2016	0	0	42.52	1.99	$0
Apr 2016	0	0	36.56	1.99	$0
Mar 2016	170	0	33.01	1.79	$5,612
Feb 2016	0	0	26.47	2.06	$0
Jan 2016	173	0	27.35	2.36	$4,732
Dec 2015	168	0	32.36	2.00	$5,436
Nov 2015	0	0	38.79	2.17	$0
Oct 2015	0	0	43.55	2.43	$0
Sep 2015	159	0	42.99	2.76	$6,835
Aug 2015	0	0	40.16	2.87	$0
Jul 2015	0	0	48.15	2.95	$0
Jun 2015	0	0	56.15	2.88	$0
May 2015	343	0	55.21	2.96	$18,937
Apr 2015	0	0	49.82	2.71	$0
Mar 2015	175	0	42.89	2.93	$7,506
Feb 2015	0	0	44.66	2.98	$0
Jan 2015	0	0	43.43	3.10	$0
Dec 2014	173	0	54.69	3.59	$9,461
Nov 2014	0	0	70.46	4.25	$0
Oct 2014	167	0	78.30	3.90	$13,076
Sep 2014	167	0	86.16	4.05	$14,389
Aug 2014	101	0	89.39	4.04	$9,028
Jul 2014	0	0	96.56	4.18	$0
Jun 2014	166	0	98.16	4.74	$16,295
May 2014	0	0	94.73	4.73	$0
Apr 2014	175	0	95.94	4.81	$16,790
Mar 2014	100	0	95.89	5.06	$9,589
Feb 2014	168	0	97.40	6.19	$16,363
Jan 2014	0	0	90.40	4.86	$0
Dec 2013	0	0	91.82	4.35	$0
Nov 2013	174	0	88.85	3.74	$15,460
Oct 2013	170	0	97.42	3.78	$16,561
Sep 2013	171	0	104.11	3.72	$17,803
Aug 2013	0	0	104.25	3.52	$0
Jul 2013	283	0	102.52	3.72	$29,013
Jun 2013	126	0	94.40	3.93	$11,894
May 2013	168	0	94.83	4.15	$15,931
Apr 2013	358	0	93.96	4.28	$33,638
Mar 2013	352	0	93.62	3.91	$32,954
Feb 2013	168	0	91.23	3.42	$15,327
Jan 2013	518	0	91.60	3.42	$47,449
Dec 2012	162	0	86.77	3.42	$14,057
Nov 2012	0	0	86.95	3.62	$0
Oct 2012	0	0	89.38	3.40	$0
Sep 2012	0	0	94.67	2.92	$0
Aug 2012	0	0	92.66	2.91	$0
Jul 2012	0	0	85.13	3.02	$0
Jun 2012	0	0	79.82	2.52	$0
May 2012	0	0	91.61	2.49	$0
Apr 2012	0	0	101.65	2.00	$0
Mar 2012	0	0	105.05	2.22	$0
Feb 2012	179	1	101.10	2.57	$18,099
Jan 2012	190	1	98.09	2.73	$18,640
Dec 2011	0	1	96.87	3.24	$3
Nov 2011	0	1	95.72	3.31	$3
Oct 2011	0	0	84.98	3.65	$0
Sep 2011	0	0	83.62	3.99	$0
Aug 2011	0	0	83.40	4.15	$0
Jul 2011	0	0	94.14	4.52	$0
Jun 2011	0	0	92.90	4.64	$0
May 2011	0	0	98.13	4.40	$0
Apr 2011	0	0	105.96	4.33	$0
Mar 2011	0	0	96.36	4.06	$0
Feb 2011	0	0	85.64	4.18	$0
Jan 2011	0	0	86.50	4.59	$0
Dec 2010	0	0	85.73	4.35	$0
Nov 2010	0	0	80.84	3.80	$0
Oct 2010	0	0	78.10	3.51	$0
Sep 2010	0	0	72.63	3.98	$0
Aug 2010	0	0	73.68	4.42	$0
Jul 2010	0	0	72.55	4.74	$0
Jun 2010	0	0	70.36	4.91	$0
May 2010	0	0	71.12	4.24	$0
Apr 2010	0	0	81.69	4.12	$0
Mar 2010	0	0	78.39	4.39	$0
Feb 2010	0	0	73.58	5.44	$0
Jan 2010	0	0	74.36	5.96	$0
Dec 2009	0	0	71.44	5.48	$0
Nov 2009	0	0	74.59	3.75	$0
Oct 2009	0	0	72.54	4.11	$0
Sep 2009	0	0	65.54	3.06	$0
Aug 2009	0	0	67.42	3.22	$0
Jul 2009	0	0	61.13	3.46	$0
Jun 2009	0	0	66.16	3.90	$0
May 2009	0	0	54.74	3.93	$0
Apr 2009	0	0	46.77	3.59	$0
Mar 2009	0	0	42.14	4.06	$0
Feb 2009	0	0	32.81	4.63	$0
Jan 2009	0	0	35.86	5.37	$0
Dec 2008	0	0	37.10	5.98	$0
Nov 2008	0	0	55.49	6.86	$0
Oct 2008	34	0	75.24	6.92	$2,558
Sep 2008	0	0	101.76	7.88	$0
Aug 2008	0	0	114.22	8.48	$0
Jul 2008	0	0	131.08	11.39	$0
Jun 2008	0	0	131.33	13.03	$0
May 2008	0	0	123.17	11.57	$0
Apr 2008	0	0	110.31	10.45	$0
Mar 2008	0	0	101.90	9.66	$0
Feb 2008	0	0	92.53	8.77	$0
Jan 2008	0	0	90.38	8.21	$0
Dec 2007	0	0	88.33	7.30	$0
Nov 2007	0	0	91.67	7.29	$0
Oct 2007	0	0	82.85	6.92	$0
Sep 2007	0	0	75.84	6.24	$0
Aug 2007	0	0	69.06	6.39	$0
Jul 2007	0	0	70.90	6.39	$0
Jun 2007	0	0	62.00	7.55	$0
May 2007	0	0	58.74	7.85	$0
Apr 2007	0	0	59.61	7.81	$0
Mar 2007	0	0	56.92	7.30	$0
Feb 2007	0	0	55.10	8.22	$0
Jan 2007	0	0	50.30	6.73	$0
Dec 2006	0	0	56.65	6.92	$0
Nov 2006	0	0	54.20	7.62	$0
Oct 2006	0	0	54.90	6.01	$0
Sep 2006	0	0	60.08	5.04	$0
Aug 2006	0	0	68.71	7.34	$0
Jul 2006	0	0	69.37	6.34	$0
Jun 2006	0	0	66.28	6.38	$0
May 2006	0	0	66.01	6.42	$0
Apr 2006	0	0	64.39	7.36	$0
Mar 2006	0	0	56.70	7.08	$0
Feb 2006	0	0	57.59	7.75	$0
Jan 2006	0	0	60.59	8.93	$0
Dec 2005	0	0	54.94	13.42	$0
Nov 2005	0	0	54.69	10.59	$0
Oct 2005	0	0	58.34	13.80	$0
Sep 2005	0	0	61.45	12.08	$0
Aug 2005	0	0	61.51	9.80	$0
Jul 2005	0	0	55.69	7.84	$0
Jun 2005	0	0	52.33	7.38	$0
May 2005	0	0	45.22	6.65	$0
Apr 2005	0	0	49.20	7.36	$0
Mar 2005	0	0	50.37	7.15	$0
Feb 2005	0	0	45.22	6.31	$0
Jan 2005	0	0	43.16	6.32	$0
Dec 2004	0	0	39.86	6.75	$0
Nov 2004	0	0	45.28	6.33	$0
Oct 2004	0	0	49.70	6.52	$0
Sep 2004	0	0	43.24	5.28	$0
Aug 2004	0	0	42.37	5.55	$0
Jul 2004	0	0	38.28	6.08	$0
Jun 2004	0	0	36.10	6.43	$0
May 2004	0	0	37.48	6.49	$0
Apr 2004	0	0	34.47	5.86	$0
Mar 2004	0	0	34.36	5.53	$0
Feb 2004	0	0	32.45	5.51	$0
Jan 2004	0	0	32.03	6.30	$0
Dec 2003	0	0	30.26	6.30	$0
Nov 2003	0	0	28.80	4.60	$0
Oct 2003	0	0	28.17	4.76	$0
Sep 2003	0	0	26.31	4.75	$0
Aug 2003	0	0	29.76	5.13	$0
Jul 2003	0	0	29.41	5.17	$0
Jun 2003	0	0	28.56	5.98	$0
May 2003	0	0	26.59	5.97	$0
Apr 2003	0	0	26.67	5.41	$0
Mar 2003	0	0	31.14	6.10	$0
Feb 2003	177	0	33.48	7.93	$5,926
Jan 2003	0	0	30.31	5.58	$0
Dec 2002	0	0	26.91	4.85	$0
Nov 2002	0	0	24.66	4.14	$0
Oct 2002	0	0	26.46	4.23	$0
Sep 2002	165	0	27.44	3.64	$4,528
Aug 2002	313	0	25.96	3.16	$8,125
Jul 2002	0	0	24.58	3.06	$0
Jun 2002	168	0	23.73	3.34	$3,987
May 2002	346	0	24.66	3.58	$8,532
Apr 2002	0	0	23.65	3.51	$0
Mar 2002	173	0	22.00	3.10	$3,806
Feb 2002	172	0	18.22	2.38	$3,134
Jan 2002	172	0	17.17	2.38	$2,953
Dec 2001	170	0	16.93	2.36	$2,878
Nov 2001	171	0	18.07	2.41	$3,090
Oct 2001	352	0	19.78	2.53	$6,963
Sep 2001	349	0	24.26	2.25	$8,467
Aug 2001	0	0	24.87	3.05	$0
Jul 2001	179	0	23.93	3.20	$4,283
Jun 2001	170	0	24.56	3.82	$4,175
May 2001	173	0	25.52	4.31	$4,415
Apr 2001	339	0	24.68	5.34	$8,367
Mar 2001	0	0	24.54	5.38	$0
Feb 2001	352	0	27.75	5.77	$9,768
Jan 2001	176	0	27.47	8.40	$4,835
Dec 2000	357	0	26.88	9.12	$9,596
Nov 2000	352	0	32.21	5.66	$11,338
Oct 2000	180	0	31.23	5.15	$5,621
Sep 2000	354	0	31.87	5.19	$11,282
Aug 2000	174	0	29.64	4.54	$5,157
Jul 2000	176	0	28.53	4.09	$5,021
Jun 2000	164	0	29.30	4.40	$4,805
May 2000	335	0	27.26	3.68	$9,132
Apr 2000	179	0	24.51	3.12	$4,387
Mar 2000	338	0	28.42	2.86	$9,606
Feb 2000	182	0	27.62	2.73	$5,027
Jan 2000	169	0	25.27	2.48	$4,271
Dec 1999	330	0	24.28	2.42	$8,012
Nov 1999	0	0	23.19	2.43	$0
Oct 1999	343	0	20.98	2.80	$7,196
Sep 1999	171	0	21.75	2.62	$3,719
Aug 1999	321	0	19.26	2.88	$6,182
Jul 1999	165	0	17.89	2.37	$2,952
Jun 1999	338	0	15.94	2.36	$5,388
May 1999	159	0	15.79	2.32	$2,511
Apr 1999	506	0	15.10	2.21	$7,641
Mar 1999	0	0	12.47	1.84	$0
Feb 1999	336	0	9.98	1.82	$3,353
Jan 1999	0	0	10.38	1.90	$0
Dec 1998	0	0	9.20	1.77	$0
Nov 1998	0	0	10.89	2.19	$0
Oct 1998	176	0	12.42	1.97	$2,186
Sep 1998	352	0	12.59	2.08	$4,432
Aug 1998	0	0	11.30	1.91	$0
Jul 1998	351	0	11.74	2.24	$4,121
Jun 1998	0	0	11.24	2.24	$0
May 1998	174	0	12.62	2.21	$2,196
Apr 1998	344	0	13.04	2.51	$4,486
Mar 1998	0	0	12.80	2.31	$0
Feb 1998	181	0	13.95	2.30	$2,525
Jan 1998	0	0	14.70	2.15	$0
Dec 1997	166	0	16.32	2.41	$2,709
Nov 1997	347	0	18.19	3.09	$6,312
Oct 1997	0	0	19.25	3.15	$0
Sep 1997	160	0	17.74	2.95	$2,838
Aug 1997	0	0	17.86	2.55	$0
Jul 1997	124	0	17.58	2.25	$2,180
Jun 1997	0	0	17.24	2.26	$0
May 1997	0	0	18.97	2.31	$0
Apr 1997	0	0	17.88	2.08	$0
Mar 1997	0	0	18.95	1.94	$0
Feb 1997	180	0	20.49	2.21	$3,688
Jan 1997	171	0	23.48	3.54	$4,015
Dec 1996	366	0	23.32	—	$8,535
Nov 1996	181	0	21.97	—	$3,977
Oct 1996	0	0	23.31	—	$0
Sep 1996	178	0	22.22	—	$3,955
Aug 1996	170	0	20.26	—	$3,444
Jul 1996	177	0	19.55	—	$3,460
Jun 1996	177	0	18.73	—	$3,315
May 1996	177	0	19.43	—	$3,439
Apr 1996	181	0	21.51	—	$3,893
Mar 1996	183	0	19.38	—	$3,547
Feb 1996	364	0	16.98	—	$6,181
Jan 1996	184	0	17.07	—	$3,141
Dec 1995	183	0	17.19	—	$3,146
Nov 1995	181	1	16.00	—	$2,896
Oct 1995	183	1	15.43	—	$2,824
Sep 1995	375	1	16.18	—	$6,068
Aug 1995	0	1	15.92	—	$0
Jul 1995	376	1	15.24	—	$5,730
Jun 1995	183	1	16.41	—	$3,003
May 1995	182	1	17.56	—	$3,196
Apr 1995	183	1	17.73	—	$3,245
Mar 1995	365	1	16.44	—	$6,001
Feb 1995	185	1	16.58	—	$3,067
Jan 1995	373	1	15.92	—	$5,938
Dec 1994	182	1	15.03	—	$2,735
Nov 1994	188	1	15.90	—	$2,989
Oct 1994	346	1	15.58	—	$5,391
Sep 1994	182	1	15.29	—	$2,783
Aug 1994	365	1	16.13	—	$5,887
Jul 1994	183	1	17.56	—	$3,213
Jun 1994	362	1	17.09	—	$6,187
May 1994	726	1	15.88	—	$11,529
Apr 1994	1,270	1	14.14	—	$17,958
Mar 1994	1,839	1	12.46	—	$22,914
Feb 1994	1,834	1	12.50	—	$22,925
Jan 1994	2,182	1	12.66	—	$27,624
Dec 1993	278	1	12.33	—	$3,428
Nov 1993	478	1	14.49	—	$6,926
Oct 1993	371	1	15.85	—	$5,880

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 2017 — as filed, then multipliedworked

Oil                   35 bbl  × $ 47.52 =     $1,663
Casinghead gas         0 Mcf  × $  3.09 =         $0

────────────────────────────────────────────────────
Month total                                   $1,663

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/O/28704 is the state's own key, not one this site invented.