Corda Corporations
Corda Corporation, a privately held Texas corporation established in 1982, specializes in oil and gas exploration with 34 producing wells primarily in Texas Railroad Commission Districts 9 and 7B. In 2024, the company generated gross oil and gas revenue of nearly $4 million from its operations, producing over 53,000 barrels of oil at an average price of $80.50 per barrel.
Following the disposal of its North Texas natural gas properties in 2023, Corda aims to enhance its profitability through the elimination of marginally productive oil properties while seeking low-risk oil prospects for drilling in 2025, contingent upon oil prices remaining above $60.00 per barrel. Additionally, the company benefits from mineral investments and royalty interests across Central Texas, West Texas, South Texas, and Oklahoma.
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