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 - Jan 2024
Total Oil Production4,240,333 BBLs
Total Gas Production20,325,356 MCF
Recent Oil Production26,046 BBLs in Dec 2023
Recent Gas Production163,834 MCF in Dec 2023
Wells on Property8

Our Valuation Estimates for State Cortez Unit

ShaleAssessment

Not Available

MarketMultiple

$4,381,387 **

* 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 Jan 2024

Wells on State Cortez Unit

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

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, TX5,688 BBLs31,966 MCFJan 2024
BoucherReeves County, TX4,857 BBLs79,264 MCFJan 2024
BraggReeves County, TX22,195 BBLs316,552 MCFJan 2024
Chalk Bluff 55-4-1 1HReeves County, TX3,292 BBLs8,947 MCFJan 2024
DixielandReeves County, TX0 BBLs798 MCFJan 2024
Dixieland State 55-6Reeves County, TX37,997 BBLs324,705 MCFJan 2024
Griffin State 56-3-41 UnitReeves County, TX6,889 BBLs39,999 MCFJan 2024
Magic State 56-3-39 UnitReeves County, TX10,203 BBLs73,333 MCFJan 2024
Manticore State 55-3-3 UnitReeves County, TX10,342 BBLs100,095 MCFJan 2024
Moon State 55-3-5 UnitReeves County, TX8,863 BBLs49,402 MCFJan 2024
Moon State 55-3-5 Unit 1HReeves County, TX3,556 BBLs18,859 MCFJan 2024
Red Lodge C20-11Reeves County, TX32,411 BBLs226,945 MCFJan 2024
RenegadeReeves County, TX1,440 BBLs16,903 MCFJan 2024
Sawtooth State 55-6Reeves County, TX1,223 BBLs8,325 MCFJan 2024
Sheridan 55-4-5 1HReeves County, TX573 BBLs2,918 MCFJan 2024
State Lookouts 12-16-17 UnitReeves County, TX84,092 BBLs469,850 MCFJan 2024
SteamworksReeves County, TX1,399 BBLs6,223 MCFJan 2024
Thunder CanyonReeves County, TX3,824 BBLs55,480 MCFJan 2024
Ub C108HReeves County, TX810 BBLs0 MCFJan 2024
UintaReeves County, TX4,013 BBLs60,502 MCFJan 2024

Owners of State Cortez Unit

Royalty Ownership data is obtained from public records
YearOwnerProperty NameOperatorPercentageInterest TypeAppraisal ValueLegal Desciption
2023EOG RESOURCES INCSTATE CORTEZ UNIT #7HEOG RESOURCES,
2023EOG RESOURCES INCSTATE CORTEZ UNIT #4HEOG RESOURCES,
2023EOG RESOURCES INCSTATE CORTEZ UNIT #6HEOG RESOURCES,
2023EOG RESOURCES INCSTATE CORTEZ UNIT #2HEOG RESOURCES,
2023EOG RESOURCES INCSTATE CORTEZ UNIT #3HEOG RESOURCES,
2023EOG RESOURCES INCSTATE CORTEZ UNIT #1HEOG RESOURCES,
2023EOG RESOURCES INCSTATE CORTEZ UNIT #5HEOG RESOURCES,
2023CHEVRON ADVANTAGE INCSTATE CORTEZ UNIT #4HEOG 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 2HNov 2023EOG RESOURCES, INC.
08-284836STATE CORTEZ UNIT 2HNov 2023EOG RESOURCES, INC.
08-284836STATE CORTEZ UNIT 2HNov 2023EOG RESOURCES, INC.
08-284836STATE CORTEZ UNIT 2HNov 2023EOG RESOURCES, INC.EOG RESOURCES, INC.
08-284836STATE CORTEZ UNIT 2HNov 2023EOG RESOURCES MARKETING LLCEOG RESOURCES, INC.
08-285009STATE CORTEZ UNIT 1HNov 2023EOG RESOURCES, INC.
08-285009STATE CORTEZ UNIT 1HNov 2023EOG RESOURCES, INC.
08-285009STATE CORTEZ UNIT 1HNov 2023EOG RESOURCES, INC.
08-285009STATE CORTEZ UNIT 1HNov 2023EOG RESOURCES, INC.EOG RESOURCES, INC.
08-285009STATE CORTEZ UNIT 1HNov 2023EOG RESOURCES MARKETING LLCEOG RESOURCES, INC.
08-287245STATE CORTEZ UNIT 5HNov 2023EOG RESOURCES, INC.
08-287245STATE CORTEZ UNIT 5HNov 2023EOG RESOURCES, INC.
08-287245STATE CORTEZ UNIT 5HNov 2023EOG RESOURCES, INC.
08-287245STATE CORTEZ UNIT 5HNov 2023EOG RESOURCES, INC.EOG RESOURCES, INC.
08-287245STATE CORTEZ UNIT 5HNov 2023EOG RESOURCES MARKETING LLCEOG RESOURCES, INC.
08-287246STATE CORTEZ UNIT 6HNov 2023EOG RESOURCES, INC.
08-287246STATE CORTEZ UNIT 6HNov 2023EOG RESOURCES, INC.
08-287246STATE CORTEZ UNIT 6HNov 2023EOG RESOURCES, INC.
08-287246STATE CORTEZ UNIT 6HNov 2023EOG RESOURCES, INC.EOG RESOURCES, INC.
08-287246STATE CORTEZ UNIT 6HNov 2023EOG RESOURCES MARKETING LLCEOG RESOURCES, INC.
08-287248STATE CORTEZ UNIT 7HNov 2023EOG RESOURCES, INC.
08-287248STATE CORTEZ UNIT 7HNov 2023EOG RESOURCES, INC.
08-287248STATE CORTEZ UNIT 7HNov 2023EOG RESOURCES, INC.
08-287248STATE CORTEZ UNIT 7HNov 2023EOG RESOURCES, INC.EOG RESOURCES, INC.
08-287248STATE CORTEZ UNIT 7HNov 2023EOG RESOURCES MARKETING LLCEOG RESOURCES, INC.