COVINGTON 46
COVINGTON 46 is a Texas gas lease in Reeves County, Railroad Commission district 08, operated by Rki Exploration & Production LLC. It has 1 wellbore on file with the Commission. Reported production runs from October 2017 to August 2026, totalling 1,984,737 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 $3.2M, with roughly $786K 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 8,594 thousand cubic feet a month. Its strongest month on the record we hold was November 2017, at 80,442 thousand cubic feet. 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 COVINGTON 46
- Who operates COVINGTON 46?
- COVINGTON 46 is operated by Rki Exploration & Production LLC, Railroad Commission of Texas operator number 714221.
- Where is COVINGTON 46?
- COVINGTON 46 is a Texas gas lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 283694.
- Is COVINGTON 46 still producing?
- COVINGTON 46 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for COVINGTON 46 is August 2026.
- How much has COVINGTON 46 produced?
- COVINGTON 46 has reported 1,984,737 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between October 2017 and August 2026, from 1 wellbore.
- How much is COVINGTON 46 worth?
- The remaining production from COVINGTON 46 is estimated to be worth about $3.2M in total as of 26 August 2026, within a range of $2.7M to $3.7M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in COVINGTON 46 is a fraction of it. The estimate fits an Arps decline curve to the production COVINGTON 46 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for COVINGTON 46 is an estimate of value, not an offer and not an appraisal.
- How much income does COVINGTON 46 generate in a year?
- COVINGTON 46 is forecast to net about $786K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in COVINGTON 46 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Rki Exploration & Production LLC |
|---|---|
| Field | Phantom (Wolfcamp) |
| County | Reeves County, Texas |
| RRC district | 08 |
| Lease number | 283694 |
| Wellbores | 1 |
| Reported production | 1,984,737 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $3.2M |
Where COVINGTON 46 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.