State Cortez Unit

Oil & Gas Property in Reeves County, TX

Property Summary

Key data points for State Cortez Unit

CountyReeves County, TX
OperatorEOG RESOURCES INC
Production DatesMar 2018 - Sep 2024
Total Oil Production4,447,617 BBLs
Total Gas Production21,989,107 MCF
Recent Oil Production24,284 BBLs in Aug 2024
Recent Gas Production157,693 MCF in Aug 2024
Wells on Property12

Our Valuation Estimates for State Cortez Unit

ShaleAssessment

$166,504 *

MarketMultiple

$3,344,835 **

* Assessment based on future expected revenue
** Based on a 36 month multiple of average monthly estimated revenue

Based on a decimal interest

State Cortez Unit Production Graph

Aggregated production of all wells and leases associated with this property
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to oil and gas production for State Cortez Unit
from Mar 2018 to Sep 2024

Wells on State Cortez Unit

API #Well NameOperatorStatusCountyEst. Daily Oil Prod.Est. Daily Gas Prod.Est. Daily Water Prod.LatitudeLongitude
API #Well NameOperatorStatusCountyEst. Daily Oil Prod.Est. Daily Gas Prod.Est. Daily Water Prod.LatitudeLongitude
42-389-36613STATE CORTEZ UNIT 1HEOG RESOURCES, INC.ProducingReeves County, TX31.651584-103.805796
42-389-36614STATE CORTEZ UNIT 2HEOG RESOURCES, INC.ProducingReeves County, TX31.651579-103.802520
42-389-36625STATE CORTEZ UNIT 3HEOG RESOURCES, INC.ProducingReeves County, TX31.651825-103.800843
42-389-36990STATE CORTEZ UNIT 4HEOG RESOURCES, INC.ProducingReeves County, TX31.650029-103.796108
42-389-36991STATE CORTEZ UNIT 5HEOG RESOURCES, INC.ProducingReeves County, TX31.650029-103.796002
42-389-36992STATE CORTEZ UNIT 6HEOG RESOURCES, INC.ProducingReeves County, TX31.650022-103.792133
42-389-36993STATE CORTEZ UNIT 7HEOG RESOURCES, INC.ProducingReeves County, TX31.650023-103.792026
42-389-38327STATE CORTEZ UNIT 8HEOG RESOURCES, INC.Horizontal Well Surface LocatioReeves County, TX31.651750-103.805605
42-389-41167STATE CORTEZ UNIT 731HEOG RESOURCES, INC.Horizontal Well Surface LocatioReeves County, TX31.648964-103.797667
42-389-41168STATE CORTEZ UNIT 732HEOG RESOURCES, INC.Horizontal Well Surface LocatioReeves County, TX31.650189-103.791834
42-389-41169STATE CORTEZ UNIT 751HEOG RESOURCES, INC.Horizontal Well Surface LocatioReeves County, TX31.648964-103.797773
42-389-41170STATE CORTEZ UNIT 752HEOG RESOURCES, INC.Horizontal Well Surface LocatioReeves County, TX31.650192-103.791728

Leases included in State Cortez Unit

Lease #Lease NameOperatorCountyMonthly Oil Prod.Monthly Gas Prod.
08-284836STATE CORTEZ UNIT 2HEOG RESOURCES, INC.Reeves County, TX
08-285009STATE CORTEZ UNIT 1HEOG RESOURCES, INC.Reeves County, TX
08-287245STATE CORTEZ UNIT 5HEOG RESOURCES, INC.Reeves County, TX
08-287246STATE CORTEZ UNIT 6HEOG RESOURCES, INC.Reeves County, TX
08-287248STATE CORTEZ UNIT 7HEOG RESOURCES, INC.Reeves County, TX
08-287287STATE CORTEZ UNIT 4HEOG RESOURCES, INC.Reeves County, TX
08-288016STATE CORTEZ UNIT 3HEOG RESOURCES, INC.Reeves County, TX

Nearby Properties

These are the closest 20 properties to the State Cortez Unit property.

Property NameLocationOil Prod.Gas Prod.Prod. Period
Anaconda State 55-2Reeves County, TX5,006 BBLs30,911 MCFSep 2024
BoucherReeves County, TX2,601 BBLs31,230 MCFSep 2024
BraggReeves County, TX15,471 BBLs231,700 MCFSep 2024
Chalk Bluff 55-4-1 1HReeves County, TX2,883 BBLs9,498 MCFSep 2024
DixielandReeves County, TX0 BBLs0 MCFSep 2024
Dixieland State 55-6Reeves County, TX30,675 BBLs281,911 MCFSep 2024
Griffin State 56-3-41 UnitReeves County, TX5,571 BBLs34,561 MCFSep 2024
Magic State 56-3-39 UnitReeves County, TX10,183 BBLs76,036 MCFSep 2024
Manticore State 55-3-3 UnitReeves County, TX11,081 BBLs93,451 MCFSep 2024
Moon State 55-3-5 UnitReeves County, TX7,774 BBLs45,179 MCFSep 2024
Moon State 55-3-5 Unit 1HReeves County, TX3,150 BBLs20,109 MCFSep 2024
Red Lodge C20-11Reeves County, TX26,217 BBLs229,871 MCFSep 2024
RenegadeReeves County, TX1,737 BBLs22,334 MCFSep 2024
Sapphire State C20-12Reeves County, TX938 BBLs3,722 MCFSep 2024
Sawtooth State 55-6Reeves County, TX825 BBLs4,992 MCFSep 2024
Sheridan 55-4-5 1HReeves County, TX2,001 BBLs11,361 MCFSep 2024
State Lookouts 12-16-17 UnitReeves County, TX54,630 BBLs367,807 MCFSep 2024
SteamworksReeves County, TX2,237 BBLs16,670 MCFSep 2024
Thunder CanyonReeves County, TX3,416 BBLs62,023 MCFSep 2024
UintaReeves County, TX4,201 BBLs58,021 MCFSep 2024

Owners of State Cortez Unit

Royalty Ownership data is obtained from public records
YearOwnerProperty NameOperatorPercentageInterest TypeAppraisal ValueLegal Desciption
2024EOG RESOURCES INCSTATE CORTEZ UNIT #5HEOG RESOURCES,
2024EOG RESOURCES INCSTATE CORTEZ UNIT #6HEOG RESOURCES,
2024EOG RESOURCES INCSTATE CORTEZ UNIT #3HEOG RESOURCES,
2024EOG RESOURCES INCSTATE CORTEZ UNIT #7HEOG RESOURCES,
2024EOG RESOURCES INCSTATE CORTEZ UNIT #4HEOG RESOURCES,
2024EOG RESOURCES INCSTATE CORTEZ UNIT #2HEOG RESOURCES,
2024EOG RESOURCES INCSTATE CORTEZ UNIT #1HEOG RESOURCES,
2024CHEVRON ADVANTAGE INCSTATE CORTEZ UNIT #5HEOG RESOURCES,
Displaying 8 of 35 Owners   --   Full Ownership Data Available for Subscribers Only

Oil & Gas Sales on State Cortez Unit

Lease #Lease NameReporting PeriodProductVolumeValueGross PricePurchaserProducer
Lease #Lease NameReporting PeriodProductOil VolumeOil ValueCalculated Oil PricePurchaserProducer
08-284836STATE CORTEZ UNIT 2HJul 2024EOG RESOURCES, INC.
08-284836STATE CORTEZ UNIT 2HJul 2024EOG RESOURCES, INC.
08-284836STATE CORTEZ UNIT 2HJul 2024EOG RESOURCES, INC.
08-284836STATE CORTEZ UNIT 2HJul 2024EOG RESOURCES MARKETING LLCEOG RESOURCES, INC.
08-285009STATE CORTEZ UNIT 1HJul 2024EOG RESOURCES, INC.
08-285009STATE CORTEZ UNIT 1HJul 2024EOG RESOURCES, INC.
08-285009STATE CORTEZ UNIT 1HJul 2024EOG RESOURCES, INC.
08-285009STATE CORTEZ UNIT 1HJul 2024EOG RESOURCES, INC.EOG RESOURCES, INC.
08-285009STATE CORTEZ UNIT 1HJul 2024EOG RESOURCES MARKETING LLCEOG RESOURCES, INC.
08-287245STATE CORTEZ UNIT 5HJul 2024EOG RESOURCES, INC.
08-287245STATE CORTEZ UNIT 5HJul 2024EOG RESOURCES, INC.
08-287245STATE CORTEZ UNIT 5HJul 2024EOG RESOURCES, INC.
08-287245STATE CORTEZ UNIT 5HJul 2024EOG RESOURCES MARKETING LLCEOG RESOURCES, INC.
08-287246STATE CORTEZ UNIT 6HJul 2024EOG RESOURCES, INC.
08-287246STATE CORTEZ UNIT 6HJul 2024EOG RESOURCES, INC.
08-287246STATE CORTEZ UNIT 6HJul 2024EOG RESOURCES, INC.
08-287246STATE CORTEZ UNIT 6HJul 2024EOG RESOURCES MARKETING LLCEOG RESOURCES, INC.
08-287248STATE CORTEZ UNIT 7HJul 2024EOG RESOURCES, INC.
08-287248STATE CORTEZ UNIT 7HJul 2024EOG RESOURCES, INC.
08-287248STATE CORTEZ UNIT 7HJul 2024EOG RESOURCES, INC.
08-287248STATE CORTEZ UNIT 7HJul 2024EOG RESOURCES MARKETING LLCEOG RESOURCES, INC.
08-287287STATE CORTEZ UNIT 4HJul 2024EOG RESOURCES, INC.
08-287287STATE CORTEZ UNIT 4HJul 2024EOG RESOURCES, INC.
08-287287STATE CORTEZ UNIT 4HJul 2024EOG RESOURCES, INC.
08-287287STATE CORTEZ UNIT 4HJul 2024EOG RESOURCES MARKETING LLCEOG RESOURCES, INC.