COVINGTON
COVINGTON is a Texas gas lease in Anderson County, Railroad Commission district 06, operated by Weathers Exploration, Inc. It has 1 wellbore on file with the Commission. Reported production runs from January 2015 to August 2026, totalling 12,194 thousand cubic feet. 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 $15K, with roughly $2K 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 91 thousand cubic feet a month. Its strongest month on the record we hold was June 2017, at 209 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 45% 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 COVINGTON
- Who operates COVINGTON?
- COVINGTON is operated by Weathers Exploration, Inc., Railroad Commission of Texas operator number 902850.
- Where is COVINGTON?
- COVINGTON is a Texas gas lease in Anderson County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 279341.
- Is COVINGTON still producing?
- COVINGTON is currently producing. The most recent month of production reported to the Railroad Commission of Texas for COVINGTON is August 2026.
- How much has COVINGTON produced?
- COVINGTON has reported 12,194 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 2015 and August 2026, from 1 wellbore.
- How much is COVINGTON worth?
- The remaining production from COVINGTON is estimated to be worth about $15K in total as of 26 August 2026, within a range of $8K to $22K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in COVINGTON is a fraction of it. The estimate fits an Arps decline curve to the production COVINGTON has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for COVINGTON is an estimate of value, not an offer and not an appraisal.
- How much income does COVINGTON generate in a year?
- COVINGTON is forecast to net about $2K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in COVINGTON receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Weathers Exploration, Inc. |
|---|---|
| Field | Elkhart (Pettit) |
| County | Anderson County, Texas |
| RRC district | 06 |
| Lease number | 279341 |
| Wellbores | 1 |
| Reported production | 12,194 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $15K |
Where COVINGTON 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.