COVINGTON 33 "B"
COVINGTON 33 "B" is a Texas oil lease in Andrews County, Railroad Commission district 08. It has 1 wellbore on file with the Commission. Reported production runs from February 2002 to August 2026, totalling 26,837 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 $170K, with roughly $30K 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 43 barrels a month. Its strongest month on the record we hold was May 2016, at 122 barrels. 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 33 "B"
- Where is COVINGTON 33 "B"?
- COVINGTON 33 "B" is a Texas oil lease in Andrews County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 40784.
- Is COVINGTON 33 "B" still producing?
- COVINGTON 33 "B" is currently producing. The most recent month of production reported to the Railroad Commission of Texas for COVINGTON 33 "B" is August 2026.
- How much has COVINGTON 33 "B" produced?
- COVINGTON 33 "B" has reported 26,837 barrels of oil (bbl) to the Railroad Commission of Texas between February 2002 and August 2026, from 1 wellbore.
- How much is COVINGTON 33 "B" worth?
- The remaining production from COVINGTON 33 "B" is estimated to be worth about $170K in total as of 26 August 2026, within a range of $93K to $246K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in COVINGTON 33 "B" is a fraction of it. The estimate fits an Arps decline curve to the production COVINGTON 33 "B" has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for COVINGTON 33 "B" is an estimate of value, not an offer and not an appraisal.
- How much income does COVINGTON 33 "B" generate in a year?
- COVINGTON 33 "B" is forecast to net about $30K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in COVINGTON 33 "B" receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| County | Andrews County, Texas |
|---|---|
| RRC district | 08 |
| Lease number | 40784 |
| Wellbores | 1 |
| Reported production | 26,837 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $170K |
Where COVINGTON 33 "B" 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.