CORNINGSTONE STATE
CORNINGSTONE STATE is a Texas gas lease in Reeves County, Railroad Commission district 08, operated by Tog Operating, LLC. It has 1 wellbore on file with the Commission. Reported production runs from October 2025 to August 2026, totalling 423,820 thousand cubic feet. 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 $34.8M, with roughly $7.4M 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 55,503 thousand cubic feet a month. Its strongest month on the record we hold was November 2025, at 85,510 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 18% 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 CORNINGSTONE STATE
- Who operates CORNINGSTONE STATE?
- CORNINGSTONE STATE is operated by Tog Operating, LLC, Railroad Commission of Texas operator number 101419.
- Where is CORNINGSTONE STATE?
- CORNINGSTONE STATE is a Texas gas lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 300884.
- Is CORNINGSTONE STATE still producing?
- CORNINGSTONE STATE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CORNINGSTONE STATE is August 2026.
- How much has CORNINGSTONE STATE produced?
- CORNINGSTONE STATE has reported 423,820 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between October 2025 and August 2026, from 1 wellbore.
- How much is CORNINGSTONE STATE worth?
- The remaining production from CORNINGSTONE STATE is estimated to be worth about $34.8M in total as of 26 August 2026, within a range of $28.5M to $41.0M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CORNINGSTONE STATE is a fraction of it. The estimate fits an Arps decline curve to the production CORNINGSTONE STATE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CORNINGSTONE STATE is an estimate of value, not an offer and not an appraisal.
- How much income does CORNINGSTONE STATE generate in a year?
- CORNINGSTONE STATE is forecast to net about $7.4M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in CORNINGSTONE STATE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Tog Operating, LLC |
|---|---|
| Field | Sandbar (Bone Spring) |
| County | Reeves County, Texas |
| RRC district | 08 |
| Lease number | 300884 |
| Wellbores | 1 |
| Reported production | 423,820 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $34.8M |
Where CORNINGSTONE STATE 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.