DEVON CORNETT
DEVON CORNETT is a Texas oil lease in Gaines County, Railroad Commission district 8A, operated by Devon Energy Production Co, L.P. It has 1 wellbore on file with the Commission. Reported production runs from September 2008 to August 2026, totalling 65,416 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 $575K, with roughly $110K 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 173 barrels a month. Its strongest month on the record we hold was December 2021, at 402 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 DEVON CORNETT
- Who operates DEVON CORNETT?
- DEVON CORNETT is operated by Devon Energy Production Co, L.P., Railroad Commission of Texas operator number 216378.
- Where is DEVON CORNETT?
- DEVON CORNETT is a Texas oil lease in Gaines County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 69282.
- Is DEVON CORNETT still producing?
- DEVON CORNETT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for DEVON CORNETT is August 2026.
- How much has DEVON CORNETT produced?
- DEVON CORNETT has reported 65,416 barrels of oil (bbl) to the Railroad Commission of Texas between September 2008 and August 2026, from 1 wellbore.
- How much is DEVON CORNETT worth?
- The remaining production from DEVON CORNETT is estimated to be worth about $575K in total as of 26 August 2026, within a range of $448K to $701K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in DEVON CORNETT is a fraction of it. The estimate fits an Arps decline curve to the production DEVON CORNETT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for DEVON CORNETT is an estimate of value, not an offer and not an appraisal.
- How much income does DEVON CORNETT generate in a year?
- DEVON CORNETT is forecast to net about $110K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in DEVON CORNETT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Devon Energy Production Co, L.P. |
|---|---|
| Field | Dust Devil (San Andres) |
| County | Gaines County, Texas |
| RRC district | 8A |
| Lease number | 69282 |
| Wellbores | 1 |
| Reported production | 65,416 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $575K |
Where DEVON 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.