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Texas oil lease

Producing

COVINGTON 33 "B"

Covington 33 "B" is an oil lease in Andrews County, Texas, operated by Sabalo II Operating, LLC in the Spraberry (Trend Area) field.

1 well

557bbl oil, last 12 months−19% vs prior year
RRC lease
08-40784

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Where it sits

This county

Andrews CountyAndrewsMartinGainesDawsonAndrews County
Andrews County
Gas, last 12 months
3,919 mcf
Oil in Jul 2026
67 bbl

Production by month

Oil output fell 19% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 19% over the last 12 monthsMonthly oil production and gas for COVINGTON 33 "B", Aug 2023 to Jul 2026. Oil output fell 19% over the last 12 months. 557 bbl in the 12 months through Jul 2026, against 687 bbl in the 12 months before.Last 12 months: 557 bblbbl per monthmcf per month0020200404006060080800Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 19% over the last 12 monthsMonthly oil production and gas for COVINGTON 33 "B", Aug 2023 to Jul 2026. Oil output fell 19% over the last 12 months. 557 bbl in the 12 months through Jul 2026, against 687 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month0020200404006060080800Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

88% of the gas went to a processing plant in the last 12 months

Flaring peaked at 100.0% of the gas in Dec 2024.

  • Processing plant (3)
  • Lease fuel (1)
  • Flared (4)
88% of the gas went to a processing plant in the last 12 monthsShare of COVINGTON 33 "B" gas by disposition code each month, Aug 2023 to Jul 2026. 88% of the gas went to a processing plant in the last 12 months. Flaring peaked at 100.0% of the gas in Dec 2024.Share of the lease’s gas by disposition code, per month0%50%100%Flared 100.0%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
88% of the gas went to a processing plant in the last 12 monthsShare of COVINGTON 33 "B" gas by disposition code each month, Aug 2023 to Jul 2026. 88% of the gas went to a processing plant in the last 12 months. Flaring peaked at 100.0% of the gas in Dec 2024.Share of gas by disposition code0%50%100%Flared 100.0%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    88% · 3,444 mcf

  • Flared (4)

    12% · 469 mcf

  • Lease fuel (1)

    0.2% · 6 mcf

12.0% of the gas flared in the last 12 months. 31 months above 3%.

Who has run this lease

The operator changed 2 times, most recently in Jun 2024

Operators of this lease over timeThrone Petroleum Resources LLC, Jan 2020 to Aug 2021; Montrose Operating LLC, Sep 2021 to May 2024; Sabalo II Operating, LLC, Jun 2024 to Jul 20262020202120222023202420252026Changed Sep 2021Changed Jun 2024Throne Petroleum Resources LLCJan 2020 to Aug 2021Montrose Operating LLCSep 2021 to May 2024Sabalo II Operating, LLCJun 2024 to now
Operators of this lease over timeThrone Petroleum Resources LLC, Jan 2020 to Aug 2021; Montrose Operating LLC, Sep 2021 to May 2024; Sabalo II Operating, LLC, Jun 2024 to Jul 20262020202120222023202420252026Changed Sep 2021Changed Jun 2024Throne Petroleum Resources LLCJan 2020 to Aug 2021Montrose Operating LLCSep 2021 to May 2024Sabalo II Operating, LLCJun 2024 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

1 well on this lease

Wells on COVINGTON 33 "B"
API numberWell no.Status
42-003-420672Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Eastex Crude Company, LLCOilGathers40Feb 24, 2026–
Midcon Gathering LLCOilGathers30Feb 24, 2026–
Plains Marketing, L.p.OilGathers30Feb 24, 2026–
Dcp Operating Company, LPCasinghead gasBuys100Apr 1, 2017–
Dcp Operating Company, LPCasinghead gasGathers100Apr 1, 2017–
Midcon Gathering LLCOilGathers100Feb 25, 2025Feb 24, 2026
Ngl Crude Logistics, LLCOilGathers100May 1, 2018Feb 25, 2025

SourceRailroad Commission Form P-4 file, Sep 24, 2026 (source).

150.50 acres on the newest permit

Permits for Covington 33 "B"
API numberWell no.Acreson the permit
42-003-420672150.50

SourceRailroad Commission drilling permits, Sep 26, 2026 (source 1, source 2).

Estimate your royalty

36 months, newest first

Ledger for COVINGTON 33 "B"
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Sabalo II67024211$80.46$2.89
Jun 2026Sabalo II6516523201$84.81$3.15
May 2026Sabalo II58030253$102.13$2.94
Apr 2026Sabalo II590511408103$100.32$2.77
Mar 2026Sabalo II27155522419103$91.38$3.04
Feb 2026Sabalo II47047542154$64.51$3.62
Jan 2026Sabalo II31078472856$60.04$7.72
Dec 2025Sabalo II3116755447579$57.97$4.26
Nov 2025Sabalo II803433430$60.06$3.79
Oct 2025Sabalo II66021820612$60.89$3.19
Sep 2025Sabalo II5001991990$63.96$2.97
Aug 2025Sabalo II4817823617957$64.86$2.91
Jul 2025Sabalo II58018814048$68.39$3.20
Jun 2025Sabalo II4701309040$68.17$3.02
May 2025Sabalo II4718317743134$62.17$3.12
Apr 2025Sabalo II56019910297$63.54$3.42
Mar 2025Sabalo II61019317419$68.24$4.12
Feb 2025Sabalo II5617818014634$71.53$4.19
Jan 2025Sabalo II6101669967$75.74$4.13
Dec 2024Sabalo II6402100210$70.12$3.01
Nov 2024Sabalo II5318420974135$69.95$2.12
Oct 2024Sabalo II64020318221$71.99$2.20
Sep 2024Sabalo II58020615353$70.24$2.28
Aug 2024Sabalo II62020816444$76.68$1.99
Jul 2024Sabalo II551862012010$81.80$2.07
Jun 2024Sabalo II61020816741$79.77$2.54
May 2024Montrose Operating67020315647$80.02$2.12
Apr 2024Montrose Operating45176214109105$85.35$1.60
Mar 2024Montrose Operating61024122714$81.28$1.49
Feb 2024Montrose Operating6402332330$77.25$1.72
Jan 2024Montrose Operating641832612538$74.15$3.18
Dec 2023Montrose Operating6402582544$71.90$2.52
Nov 2023Montrose Operating5917323820434$77.69$2.71
Oct 2023Montrose Operating550236133103$85.64$2.98
Sep 2023Montrose Operating61022419034$89.43$2.64
Aug 2023Montrose Operating6218625986173$81.39$2.58

Flared above 3%

SourceTexas Railroad Commission Production Data Query, through Jul 2026. Prices: EIA, through Aug 2026. Updated Sep 28, 2026.

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Nearby

Spraberry (Trend Area) field

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