CORVETTE C
CORVETTE C is a Texas oil lease in Mcmullen County, Railroad Commission district 01, operated by Abraxas Petroleum Corporation. It has 6 wellbores on file with the Commission. Reported production runs from February 2013 to August 2026, totalling 907,806 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 $1.0M, with roughly $195K 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 330 barrels a month, about 55 per wellbore. Its strongest month on the record we hold was May 2016, at 7,961 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 CORVETTE C
- Who operates CORVETTE C?
- CORVETTE C is operated by Abraxas Petroleum Corporation, Railroad Commission of Texas operator number 003125.
- Where is CORVETTE C?
- CORVETTE C is a Texas oil lease in Mcmullen County, Texas, in Railroad Commission district 01. Its Railroad Commission lease number is 16641.
- Is CORVETTE C still producing?
- CORVETTE C is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CORVETTE C is August 2026.
- How much has CORVETTE C produced?
- CORVETTE C has reported 907,806 barrels of oil (bbl) to the Railroad Commission of Texas between February 2013 and August 2026, from 6 wellbores.
- How much is CORVETTE C worth?
- The remaining production from CORVETTE C is estimated to be worth about $1.0M in total as of 26 August 2026, within a range of $800K to $1.3M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CORVETTE C is a fraction of it. The estimate fits an Arps decline curve to the production CORVETTE C has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CORVETTE C is an estimate of value, not an offer and not an appraisal.
- How much income does CORVETTE C generate in a year?
- CORVETTE C is forecast to net about $195K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in CORVETTE C receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Abraxas Petroleum Corporation |
|---|---|
| Field | Eagleville (Eagle Ford-1) |
| County | Mcmullen County, Texas |
| RRC district | 01 |
| Lease number | 16641 |
| Wellbores | 6 |
| Reported production | 907,806 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.0M |
Where CORVETTE C 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.