COVINGTON
COVINGTON is a Texas oil lease in Grayson County, Railroad Commission district 09, operated by Germany Operating Company. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 95,093 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 $400K, with roughly $69K 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 74 barrels a month. Its strongest month on the record we hold was May 2022, at 261 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
- Who operates COVINGTON?
- COVINGTON is operated by Germany Operating Company, Railroad Commission of Texas operator number 301927.
- Where is COVINGTON?
- COVINGTON is a Texas oil lease in Grayson County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 25441.
- 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 95,093 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is COVINGTON worth?
- The remaining production from COVINGTON is estimated to be worth about $400K in total as of 26 August 2026, within a range of $220K to $580K. 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 $69K 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 | Germany Operating Company |
|---|---|
| Field | Perrin, N. Afb (Baker SD) |
| County | Grayson County, Texas |
| RRC district | 09 |
| Lease number | 25441 |
| Wellbores | 1 |
| Reported production | 95,093 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $400K |
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.