COVINGTON 34-224
COVINGTON 34-224 is a Texas gas lease in Ward County, Railroad Commission district 08, operated by Anadarko E&P Onshore LLC. It has 1 wellbore on file with the Commission. Reported production runs from July 2015 to August 2026, totalling 1,398,099 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 $2.0M, with roughly $520K 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 4,612 thousand cubic feet a month. Its strongest month on the record we hold was October 2018, at 28,491 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 34-224
- Who operates COVINGTON 34-224?
- COVINGTON 34-224 is operated by Anadarko E&P Onshore LLC, Railroad Commission of Texas operator number 020528.
- Where is COVINGTON 34-224?
- COVINGTON 34-224 is a Texas gas lease in Ward County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 279308.
- Is COVINGTON 34-224 still producing?
- COVINGTON 34-224 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for COVINGTON 34-224 is August 2026.
- How much has COVINGTON 34-224 produced?
- COVINGTON 34-224 has reported 1,398,099 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between July 2015 and August 2026, from 1 wellbore.
- How much is COVINGTON 34-224 worth?
- The remaining production from COVINGTON 34-224 is estimated to be worth about $2.0M in total as of 26 August 2026, within a range of $1.7M to $2.4M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in COVINGTON 34-224 is a fraction of it. The estimate fits an Arps decline curve to the production COVINGTON 34-224 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for COVINGTON 34-224 is an estimate of value, not an offer and not an appraisal.
- How much income does COVINGTON 34-224 generate in a year?
- COVINGTON 34-224 is forecast to net about $520K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in COVINGTON 34-224 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Anadarko E&P Onshore LLC |
|---|---|
| Field | Phantom (Wolfcamp) |
| County | Ward County, Texas |
| RRC district | 08 |
| Lease number | 279308 |
| Wellbores | 1 |
| Reported production | 1,398,099 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $2.0M |
Where COVINGTON 34-224 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.