CORBETT
CORBETT is a Texas oil lease in Brazoria County, Railroad Commission district 03, operated by Valence Operating Company. It has 2 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 171,857 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 $840K, with roughly $211K 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 310 barrels a month, about 155 per wellbore. Its strongest month on the record we hold was April 2022, at 518 barrels. In our own backtest, leases producing at this rate are forecast to within about 22% 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 CORBETT
- Who operates CORBETT?
- CORBETT is operated by Valence Operating Company, Railroad Commission of Texas operator number 881167.
- Where is CORBETT?
- CORBETT is a Texas oil lease in Brazoria County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 09874.
- Is CORBETT still producing?
- CORBETT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CORBETT is August 2026.
- How much has CORBETT produced?
- CORBETT has reported 171,857 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 2 wellbores.
- How much is CORBETT worth?
- The remaining production from CORBETT is estimated to be worth about $840K in total as of 26 August 2026, within a range of $656K to $1.0M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CORBETT is a fraction of it. The estimate fits an Arps decline curve to the production CORBETT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CORBETT is an estimate of value, not an offer and not an appraisal.
- How much income does CORBETT generate in a year?
- CORBETT is forecast to net about $211K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in CORBETT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Valence Operating Company |
|---|---|
| Field | Bonney (Frio Upper) |
| County | Brazoria County, Texas |
| RRC district | 03 |
| Lease number | 09874 |
| Wellbores | 2 |
| Reported production | 171,857 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $840K |
Where CORBETT 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.