CORNELL UNIT
CORNELL UNIT is a Texas oil lease in Yoakum County, Railroad Commission district 8A, operated by Exxon Corp. It has 268 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 20,320,885 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 $118.4M, with roughly $26.3M 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 40,481 barrels a month, about 151 per wellbore. Its strongest month on the record we hold was October 2017, at 66,285 barrels. In our own backtest, leases producing at this rate are forecast to within about 18% 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 CORNELL UNIT
- Who operates CORNELL UNIT?
- CORNELL UNIT is operated by Exxon Corp., Railroad Commission of Texas operator number 257097.
- Where is CORNELL UNIT?
- CORNELL UNIT is a Texas oil lease in Yoakum County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 19453.
- Is CORNELL UNIT still producing?
- CORNELL UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CORNELL UNIT is August 2026.
- How much has CORNELL UNIT produced?
- CORNELL UNIT has reported 20,320,885 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 268 wellbores.
- How much is CORNELL UNIT worth?
- The remaining production from CORNELL UNIT is estimated to be worth about $118.4M in total as of 27 August 2026, within a range of $97.1M to $139.7M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CORNELL UNIT is a fraction of it. The estimate fits an Arps decline curve to the production CORNELL UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CORNELL UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does CORNELL UNIT generate in a year?
- CORNELL UNIT is forecast to net about $26.3M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in CORNELL UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Exxon Corp. |
|---|---|
| Field | Wasson |
| County | Yoakum County, Texas |
| RRC district | 8A |
| Lease number | 19453 |
| Wellbores | 268 |
| Reported production | 20,320,885 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $118.4M |
Where CORNELL UNIT 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.