COVINGTON B UNIT

Name: COVINGTON B UNIT lease production and value, Oct 2007 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by BEDROCK PRODUCTION, LLC (P-5 61620) 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.

Oil lease lease 31243District 09Field 65280200OilCasinghead gasSave Export

Value, all time

$5.6 M

Oct 2007 – Feb 2022

Value, last 12 filed months

$4 k

at the published price for each month

Months reported

173

no gaps in the span

Streams

oil, casinghead gas

The NEWARK, EAST (BARNETT SHALE) 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 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”

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	21,191 bbl	$1,852,624
Casinghead gas	Production	918,553 Mcf	$3,786,034
Total			$5,638,657

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 33.3877, -97.6853. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

33.38768, -97.68527 · 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%

1 of 1 wells

With a plug date

0.0%

0 of 1 wells

Median depth

7,127 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

1100.0%

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.

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

The one well that filed a depth was drilled to 7,127 ft.

Completions filed

Oct 2007

1 of 1 wells

1 well


42-49736290	1H	7,127 ft	Oct 2007	—	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 (173)

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

173 months


Feb 2022	0	0	91.05	4.86	$0
Jan 2022	0	0	81.84	4.54	$0
Dec 2021	61	0	71.32	3.90	$4,351
Nov 2021	0	0	77.43	5.24	$0
Oct 2021	0	0	79.79	5.71	$0
Sep 2021	0	0	69.86	5.35	$0
Aug 2021	0	0	66.02	4.22	$0
Jul 2021	0	0	70.78	3.98	$0
Jun 2021	0	0	69.49	3.38	$0
May 2021	0	0	63.48	3.02	$0
Apr 2021	0	0	60.36	2.76	$0
Mar 2021	0	0	61.30	2.72	$0
Feb 2021	0	3,036	57.80	5.55	$16,844
Jan 2021	0	4,120	50.41	2.81	$11,578
Dec 2020	0	4,201	44.64	2.68	$11,240
Nov 2020	0	3,690	38.77	2.71	$9,987
Oct 2020	0	3,414	36.97	2.48	$8,461
Sep 2020	0	3,402	37.09	1.99	$6,774
Aug 2020	0	3,670	39.98	2.39	$8,753
Jul 2020	0	2,921	38.37	1.83	$5,331
Jun 2020	0	3,673	34.90	1.69	$6,209
May 2020	0	4,396	16.92	1.81	$7,978
Apr 2020	0	4,710	14.75	1.80	$8,499
Mar 2020	0	4,238	30.34	1.86	$7,867
Feb 2020	0	3,412	49.88	1.98	$6,758
Jan 2020	0	4,737	57.25	2.09	$9,923
Dec 2019	0	4,871	59.01	2.30	$11,225
Nov 2019	0	5,271	55.30	2.75	$14,499
Oct 2019	0	3,452	53.47	2.42	$8,349
Sep 2019	0	4,751	55.05	2.66	$12,625
Aug 2019	0	4,942	53.11	2.30	$11,388
Jul 2019	0	4,991	56.27	2.46	$12,278
Jun 2019	0	4,819	52.78	2.49	$12,005
May 2019	0	5,028	58.48	2.74	$13,778
Apr 2019	164	4,906	62.63	2.75	$23,766
Mar 2019	0	5,178	56.80	3.06	$15,856
Feb 2019	0	4,601	50.85	2.79	$12,847
Jan 2019	0	5,250	46.03	3.23	$16,948
Dec 2018	0	5,034	46.59	4.19	$21,070
Nov 2018	0	5,263	52.93	4.24	$22,301
Oct 2018	0	5,522	61.44	3.40	$18,764
Sep 2018	0	5,631	59.54	3.11	$17,501
Aug 2018	0	6,321	59.40	3.07	$19,384
Jul 2018	0	4,974	65.14	2.93	$14,583
Jun 2018	0	3,985	60.18	3.08	$12,262
May 2018	0	5,606	65.38	2.90	$16,262
Apr 2018	0	5,511	63.84	2.90	$15,986
Mar 2018	172	6,348	61.22	2.79	$28,221
Feb 2018	0	3,704	61.78	2.77	$10,246
Jan 2018	0	6,008	62.87	4.01	$24,088
Dec 2017	0	5,867	57.27	2.92	$17,141
Nov 2017	0	5,636	55.42	3.12	$17,575
Oct 2017	0	5,950	49.29	2.98	$17,753
Sep 2017	0	5,970	47.52	3.09	$18,431
Aug 2017	0	6,263	45.37	3.00	$18,817
Jul 2017	0	6,516	43.87	3.09	$20,117
Jun 2017	0	6,576	42.49	3.09	$20,302
May 2017	0	7,375	45.37	3.26	$24,068
Apr 2017	0	8,663	47.93	3.21	$27,822
Mar 2017	0	4,168	46.77	2.98	$12,436
Feb 2017	0	0	50.45	2.95	$0
Jan 2017	0	826	49.41	3.42	$2,824
Dec 2016	0	207	48.76	3.72	$771
Nov 2016	0	2,198	42.49	2.64	$5,812
Oct 2016	0	5,937	46.19	3.09	$18,347
Sep 2016	0	4,300	41.55	3.10	$13,333
Aug 2016	0	3,992	41.44	2.92	$11,674
Jul 2016	0	5,894	41.62	2.92	$17,236
Jun 2016	0	5,888	45.35	2.69	$15,814
May 2016	0	6,179	42.52	1.99	$12,303
Apr 2016	0	6,077	36.56	1.99	$12,100
Mar 2016	0	6,366	33.01	1.79	$11,421
Feb 2016	194	6,129	26.47	2.06	$17,783
Jan 2016	0	6,478	27.35	2.36	$15,316
Dec 2015	0	6,723	32.36	2.00	$13,455
Nov 2015	0	6,682	38.79	2.17	$14,482
Oct 2015	0	7,217	43.55	2.43	$17,513
Sep 2015	0	7,263	42.99	2.76	$20,034
Aug 2015	0	7,602	40.16	2.87	$21,837
Jul 2015	0	6,136	48.15	2.95	$18,071
Jun 2015	0	5,638	56.15	2.88	$16,254
May 2015	0	7,855	55.21	2.96	$23,215
Apr 2015	0	7,961	49.82	2.71	$21,547
Mar 2015	1	8,770	42.89	2.93	$25,780
Feb 2015	191	6,701	44.66	2.98	$28,474
Jan 2015	197	5,163	43.43	3.10	$24,564
Dec 2014	1	4,064	54.69	3.59	$14,650
Nov 2014	0	4,091	70.46	4.25	$17,394
Oct 2014	0	4,201	78.30	3.90	$16,388
Sep 2014	0	3,315	86.16	4.05	$13,411
Aug 2014	1	3,426	89.39	4.04	$13,914
Jul 2014	0	3,584	96.56	4.18	$14,980
Jun 2014	0	3,951	98.16	4.74	$18,715
May 2014	187	4,132	94.73	4.73	$37,245
Apr 2014	1	4,096	95.94	4.81	$19,794
Mar 2014	185	4,090	95.89	5.06	$38,422
Feb 2014	0	3,633	97.40	6.19	$22,496
Jan 2014	0	4,146	90.40	4.86	$20,153
Dec 2013	0	4,313	91.82	4.35	$18,781
Nov 2013	2	4,382	88.85	3.74	$16,559
Oct 2013	0	4,269	97.42	3.78	$16,134
Sep 2013	0	4,224	104.11	3.72	$15,704
Aug 2013	0	4,400	104.25	3.52	$15,499
Jul 2013	179	4,254	102.52	3.72	$34,166
Jun 2013	185	4,356	94.40	3.93	$34,598
May 2013	0	4,488	94.83	4.15	$18,621
Apr 2013	0	4,373	93.96	4.28	$18,728
Mar 2013	0	4,706	93.62	3.91	$18,414
Feb 2013	0	4,508	91.23	3.42	$15,417
Jan 2013	0	5,316	91.60	3.42	$18,180
Dec 2012	169	5,089	86.77	3.42	$32,069
Nov 2012	0	5,232	86.95	3.62	$18,966
Oct 2012	0	5,428	89.38	3.40	$18,453
Sep 2012	0	5,322	94.67	2.92	$15,532
Aug 2012	188	4,826	92.66	2.91	$31,455
Jul 2012	0	4,796	85.13	3.02	$14,488
Jun 2012	0	4,602	79.82	2.52	$11,593
May 2012	187	4,982	91.61	2.49	$29,528
Apr 2012	0	4,941	101.65	2.00	$9,866
Mar 2012	0	5,092	105.05	2.22	$11,315
Feb 2012	0	4,655	101.10	2.57	$11,964
Jan 2012	0	5,541	98.09	2.73	$15,150
Dec 2011	189	5,515	96.87	3.24	$36,176
Nov 2011	0	5,411	95.72	3.31	$17,917
Oct 2011	191	6,041	84.98	3.65	$38,272
Sep 2011	0	5,614	83.62	3.99	$22,376
Aug 2011	0	6,224	83.40	4.15	$25,825
Jul 2011	0	6,453	94.14	4.52	$29,150
Jun 2011	192	6,340	92.90	4.64	$47,254
May 2011	0	6,294	98.13	4.40	$27,724
Apr 2011	0	6,691	105.96	4.33	$28,994
Mar 2011	189	6,908	96.36	4.06	$46,240
Feb 2011	1	5,631	85.64	4.18	$23,623
Jan 2011	0	7,306	86.50	4.59	$33,526
Dec 2010	0	7,611	85.73	4.35	$33,091
Nov 2010	185	7,459	80.84	3.80	$43,265
Oct 2010	0	6,855	78.10	3.51	$24,053
Sep 2010	186	7,171	72.63	3.98	$42,046
Aug 2010	0	7,376	73.68	4.42	$32,597
Jul 2010	190	7,529	72.55	4.74	$49,446
Jun 2010	0	7,023	70.36	4.91	$34,486
May 2010	191	7,880	71.12	4.24	$46,957
Apr 2010	190	7,808	81.69	4.12	$47,711
Mar 2010	0	8,191	78.39	4.39	$35,948
Feb 2010	191	7,859	73.58	5.44	$56,825
Jan 2010	383	7,702	74.36	5.96	$74,415
Dec 2009	0	6,907	71.44	5.48	$37,876
Nov 2009	192	6,582	74.59	3.75	$39,014
Oct 2009	0	7,618	72.54	4.11	$31,312
Sep 2009	351	7,125	65.54	3.06	$44,841
Aug 2009	178	7,618	67.42	3.22	$36,519
Jul 2009	343	8,000	61.13	3.46	$48,684
Jun 2009	169	7,850	66.16	3.90	$41,757
May 2009	172	8,087	54.74	3.93	$41,163
Apr 2009	182	8,082	46.77	3.59	$37,506
Mar 2009	569	8,728	42.14	4.06	$59,405
Feb 2009	378	7,485	32.81	4.63	$47,080
Jan 2009	195	7,917	35.86	5.37	$49,515
Dec 2008	375	8,290	37.10	5.98	$63,463
Nov 2008	385	8,369	55.49	6.86	$78,778
Oct 2008	383	8,864	75.24	6.92	$90,173
Sep 2008	570	8,692	101.76	7.88	$126,471
Aug 2008	373	9,143	114.22	8.48	$120,164
Jul 2008	767	8,947	131.08	11.39	$202,440
Jun 2008	765	8,410	131.33	13.03	$210,072
May 2008	974	8,079	123.17	11.57	$213,476
Apr 2008	763	8,817	110.31	10.45	$176,347
Mar 2008	1,129	9,400	101.90	9.66	$205,887
Feb 2008	1,008	7,402	92.53	8.77	$158,190
Jan 2008	1,817	10,003	90.38	8.21	$246,302
Dec 2007	2,397	9,909	88.33	7.30	$284,082
Nov 2007	2,213	3,760	91.67	7.29	$230,283
Oct 2007	0	0	82.85	6.92	$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.

Dec 2021 — as filed, then multipliedworked

Oil                   61 bbl  × $ 71.32 =     $4,351
Casinghead gas         0 Mcf  × $  3.90 =         $0

────────────────────────────────────────────────────
Month total                                   $4,351

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/31243 is the state's own key, not one this site invented.