CORNETT
CORNETT is a Texas oil lease in Gaines County, Railroad Commission district 8A, operated by Clark, John M., Inc. It has 3 wellbores on file with the Commission. Reported production runs from February 2006 to August 2026, totalling 534,166 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 $2.2M, with roughly $529K 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 805 barrels a month, about 268 per wellbore. Its strongest month on the record we hold was June 2016, at 1,831 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 CORNETT
- Who operates CORNETT?
- CORNETT is operated by Clark, John M., Inc., Railroad Commission of Texas operator number 157283.
- Where is CORNETT?
- CORNETT is a Texas oil lease in Gaines County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 68916.
- Is CORNETT still producing?
- CORNETT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CORNETT is August 2026.
- How much has CORNETT produced?
- CORNETT has reported 534,166 barrels of oil (bbl) to the Railroad Commission of Texas between February 2006 and August 2026, from 3 wellbores.
- How much is CORNETT worth?
- The remaining production from CORNETT is estimated to be worth about $2.2M in total as of 26 August 2026, within a range of $1.7M to $2.7M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CORNETT is a fraction of it. The estimate fits an Arps decline curve to the production CORNETT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CORNETT is an estimate of value, not an offer and not an appraisal.
- How much income does CORNETT generate in a year?
- CORNETT is forecast to net about $529K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in CORNETT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Clark, John M., Inc. |
|---|---|
| Field | Dust Devil (San Andres) |
| County | Gaines County, Texas |
| RRC district | 8A |
| Lease number | 68916 |
| Wellbores | 3 |
| Reported production | 534,166 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $2.2M |
Where CORNETT 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.