COVERT 34-183
COVERT 34-183 is a Texas oil lease in Ward County, Railroad Commission district 08, operated by Jetta Operating Company, Inc. It has 7 wellbores on file with the Commission. Reported production runs from December 2019 to August 2026, totalling 715,696 barrels. The lease is currently producing. Fitting a decline curve to that history and pricing the remaining production at today's forward curve values the whole lease — a 100% undivided interest — at about $8.4M, with roughly $3.2M expected over the next twelve months. An individual royalty owner receives their own decimal interest times that figure. Over the last twelve months on file it averaged 4,986 barrels a month, about 712 per wellbore. Its strongest month on the record we hold was November 2021, at 21,035 barrels. In our own backtest, leases producing at this rate are forecast to within about 17% of what they went on to produce, and that measured error is the range shown on the page rather than a confidence of our own devising.
Key facts about COVERT 34-183
- Who operates COVERT 34-183?
- COVERT 34-183 is operated by Jetta Operating Company, Inc., Railroad Commission of Texas operator number 432283.
- Where is COVERT 34-183?
- COVERT 34-183 is a Texas oil lease in Ward County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 53699.
- Is COVERT 34-183 still producing?
- COVERT 34-183 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for COVERT 34-183 is August 2026.
- How much has COVERT 34-183 produced?
- COVERT 34-183 has reported 715,696 barrels of oil (bbl) to the Railroad Commission of Texas between December 2019 and August 2026, from 7 wellbores.
- How much is COVERT 34-183 worth?
- The remaining production from COVERT 34-183 is estimated to be worth about $8.4M in total as of 26 August 2026, within a range of $7.0M to $9.8M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in COVERT 34-183 is a fraction of it. The estimate fits an Arps decline curve to the production COVERT 34-183 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for COVERT 34-183 is an estimate of value, not an offer and not an appraisal.
- How much income does COVERT 34-183 generate in a year?
- COVERT 34-183 is forecast to net about $3.2M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in COVERT 34-183 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Jetta Operating Company, Inc. |
|---|---|
| Field | Collie (Delaware) |
| County | Ward County, Texas |
| RRC district | 08 |
| Lease number | 53699 |
| Wellbores | 7 |
| Reported production | 715,696 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $8.4M |
Where COVERT 34-183 sits
Source: Railroad Commission of Texas lease production records, complete through . Figures on this page were computed on .
Production figures are as reported to the Railroad Commission of Texas. The value shown is an estimate produced by fitting a decline curve to that reported history; it is not an offer or an appraisal. How this estimate is calculated.