COVERT
COVERT is a Texas oil lease in Dimmit County, Railroad Commission district 01, operated by Endeavor Natural Gas, LP. It has 1 wellbore on file with the Commission. Reported production runs from July 2019 to August 2026, totalling 55,741 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 $939K, with roughly $256K 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 407 barrels a month. Its strongest month on the record we hold was October 2019, at 2,453 barrels. In our own backtest, leases producing at this rate are forecast to within about 22% 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
- Who operates COVERT?
- COVERT is operated by Endeavor Natural Gas, LP, Railroad Commission of Texas operator number 251729.
- Where is COVERT?
- COVERT is a Texas oil lease in Dimmit County, Texas, in Railroad Commission district 01. Its Railroad Commission lease number is 19917.
- Is COVERT still producing?
- COVERT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for COVERT is August 2026.
- How much has COVERT produced?
- COVERT has reported 55,741 barrels of oil (bbl) to the Railroad Commission of Texas between July 2019 and August 2026, from 1 wellbore.
- How much is COVERT worth?
- The remaining production from COVERT is estimated to be worth about $939K in total as of 26 August 2026, within a range of $732K to $1.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in COVERT is a fraction of it. The estimate fits an Arps decline curve to the production COVERT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for COVERT is an estimate of value, not an offer and not an appraisal.
- How much income does COVERT generate in a year?
- COVERT is forecast to net about $256K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in COVERT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Endeavor Natural Gas, LP |
|---|---|
| Field | Pena Creek (San Miguel 3RD) |
| County | Dimmit County, Texas |
| RRC district | 01 |
| Lease number | 19917 |
| Wellbores | 1 |
| Reported production | 55,741 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $939K |
Where COVERT 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.