COREY
COREY is a Texas oil lease in Dawson County, Railroad Commission district 8A, operated by R K Petroleum Corp. It has 2 wellbores on file with the Commission. Reported production runs from October 2012 to August 2026, totalling 151,976 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 $1.5M, with roughly $351K 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 487 barrels a month, about 243 per wellbore. Its strongest month on the record we hold was November 2016, at 1,832 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 COREY
- Who operates COREY?
- COREY is operated by R K Petroleum Corp., Railroad Commission of Texas operator number 687130.
- Where is COREY?
- COREY is a Texas oil lease in Dawson County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 69990.
- Is COREY still producing?
- COREY is currently producing. The most recent month of production reported to the Railroad Commission of Texas for COREY is August 2026.
- How much has COREY produced?
- COREY has reported 151,976 barrels of oil (bbl) to the Railroad Commission of Texas between October 2012 and August 2026, from 2 wellbores.
- How much is COREY worth?
- The remaining production from COREY is estimated to be worth about $1.5M in total as of 27 August 2026, within a range of $1.2M to $1.9M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in COREY is a fraction of it. The estimate fits an Arps decline curve to the production COREY has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for COREY is an estimate of value, not an offer and not an appraisal.
- How much income does COREY generate in a year?
- COREY is forecast to net about $351K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in COREY receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | R K Petroleum Corp. |
|---|---|
| Field | Gin (Spraberry) |
| County | Dawson County, Texas |
| RRC district | 8A |
| Lease number | 69990 |
| Wellbores | 2 |
| Reported production | 151,976 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.5M |
Where COREY 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.