STATE CORTEZ UNIT
STATE CORTEZ UNIT is a Texas gas lease in Reeves County, Railroad Commission district 08, operated by Eog Resources, Inc. It has 1 wellbore on file with the Commission. Reported production runs from July 2024 to August 2026, totalling 1,234,944 thousand cubic feet. The lease is intermittent. 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 $10.9M, with roughly $5.5M 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 88,772 thousand cubic feet a month. Its strongest month on the record we hold was May 2025, at 160,516 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 STATE CORTEZ UNIT
- Who operates STATE CORTEZ UNIT?
- STATE CORTEZ UNIT is operated by Eog Resources, Inc., Railroad Commission of Texas operator number 253162.
- Where is STATE CORTEZ UNIT?
- STATE CORTEZ UNIT is a Texas gas lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 298780.
- Is STATE CORTEZ UNIT still producing?
- STATE CORTEZ UNIT is intermittent. The most recent month of production reported to the Railroad Commission of Texas for STATE CORTEZ UNIT is August 2026.
- How much has STATE CORTEZ UNIT produced?
- STATE CORTEZ UNIT has reported 1,234,944 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between July 2024 and August 2026, from 1 wellbore.
- How much is STATE CORTEZ UNIT worth?
- The remaining production from STATE CORTEZ UNIT is estimated to be worth about $10.9M in total as of 26 August 2026, within a range of $8.9M to $12.9M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in STATE CORTEZ UNIT is a fraction of it. The estimate fits an Arps decline curve to the production STATE CORTEZ UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for STATE CORTEZ UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does STATE CORTEZ UNIT generate in a year?
- STATE CORTEZ UNIT is forecast to net about $5.5M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in STATE CORTEZ UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Eog Resources, Inc. |
|---|---|
| Field | Phantom (Wolfcamp) |
| County | Reeves County, Texas |
| RRC district | 08 |
| Lease number | 298780 |
| Wellbores | 1 |
| Reported production | 1,234,944 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $10.9M |
Where STATE CORTEZ UNIT 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.