CORA
CORA is a Texas oil lease in Lee County, Railroad Commission district 03, operated by U. S. Operating, Inc. It has 4 wellbores on file with the Commission. Reported production runs from July 1995 to August 2026, totalling 171,188 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 $668K, with roughly $104K 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 82 barrels a month, about 21 per wellbore. Its strongest month on the record we hold was December 2017, at 297 barrels. In our own backtest, leases producing at this rate are forecast to within about 45% 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 CORA
- Who operates CORA?
- CORA is operated by U. S. Operating, Inc., Railroad Commission of Texas operator number 875431.
- Where is CORA?
- CORA is a Texas oil lease in Lee County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 22786.
- Is CORA still producing?
- CORA is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CORA is August 2026.
- How much has CORA produced?
- CORA has reported 171,188 barrels of oil (bbl) to the Railroad Commission of Texas between July 1995 and August 2026, from 4 wellbores.
- How much is CORA worth?
- The remaining production from CORA is estimated to be worth about $668K in total as of 27 August 2026, within a range of $368K to $969K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CORA is a fraction of it. The estimate fits an Arps decline curve to the production CORA has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CORA is an estimate of value, not an offer and not an appraisal.
- How much income does CORA generate in a year?
- CORA is forecast to net about $104K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in CORA receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | U. S. Operating, Inc. |
|---|---|
| Field | Giddings (Austin Chalk-3) |
| County | Lee County, Texas |
| RRC district | 03 |
| Lease number | 22786 |
| Wellbores | 4 |
| Reported production | 171,188 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $668K |
Where CORA 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.