COVINGTON "21"
COVINGTON "21" is a Texas oil lease in Terry County, Railroad Commission district 8A, operated by Great Western Drilling Company. It has 2 wellbores on file with the Commission. Reported production runs from September 2003 to August 2026, totalling 67,767 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 $6.6M, with roughly $1.5M 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 1,444 barrels a month, about 722 per wellbore. Its strongest month on the record we hold was October 2025, at 4,072 barrels. 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 "21"
- Who operates COVINGTON "21"?
- COVINGTON "21" is operated by Great Western Drilling Company, Railroad Commission of Texas operator number 328780.
- Where is COVINGTON "21"?
- COVINGTON "21" is a Texas oil lease in Terry County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 68653.
- Is COVINGTON "21" still producing?
- COVINGTON "21" is currently producing. The most recent month of production reported to the Railroad Commission of Texas for COVINGTON "21" is August 2026.
- How much has COVINGTON "21" produced?
- COVINGTON "21" has reported 67,767 barrels of oil (bbl) to the Railroad Commission of Texas between September 2003 and August 2026, from 2 wellbores.
- How much is COVINGTON "21" worth?
- The remaining production from COVINGTON "21" is estimated to be worth about $6.6M in total as of 26 August 2026, within a range of $5.5M to $7.7M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in COVINGTON "21" is a fraction of it. The estimate fits an Arps decline curve to the production COVINGTON "21" has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for COVINGTON "21" is an estimate of value, not an offer and not an appraisal.
- How much income does COVINGTON "21" generate in a year?
- COVINGTON "21" is forecast to net about $1.5M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in COVINGTON "21" receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Great Western Drilling Company |
|---|---|
| Field | Suntura (Lower Clear Fork) |
| County | Terry County, Texas |
| RRC district | 8A |
| Lease number | 68653 |
| Wellbores | 2 |
| Reported production | 67,767 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $6.6M |
Where COVINGTON "21" 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.