Welcome to Corda Corporation

Corda Corporation is a privately held Texas corporation engaged in oil and gas exploration since 1982. Corda and Paul DeCleva operate about 50 wells that produce and sell 16,000 barrels of oil/gas equivalent per month.

In 2009, Corda and Paul DeCleva gross oil and gas revenue from operated properties was $8.5 million.  The average price for a barrel of oil in 2009 was $58.02 compared with $98.17 average price per barrel in 2008. In spite of this price difference, overall production volumes remained steady.

Corda has an executive office in downtown Dallas and a production office in Wichita Falls, Texas. Corda's exploration activities are spread across all areas of Texas.

Unlike many public and private companies that concentrate on acquisition of already producing properties, Corda has a proven record of finding its oil and gas reserves by drilling and exploring on leases in mature geological regions. Completion operations and field supervision are conducted by Corda personnel to ensure accountability to its partners.

Despite lower oil and gas prices and the uncertain economy in the United States in 2009, Corda continued its drilling activities during the year with success.  The company shifted towards drilling more development prospects than exploratory ones, and further development of these proven-type reserves will continue in 2010.  Although oil prices rose in the second half of 2009, the prices for drilling and other oil field services did not experience a corresponding increase.  This contributes to an already positive environment for drilling prospects. The company will continue to drill primarily for oil in 2010.  Natural gas will be prospective only in areas where we have ready access to a sales point and where marketing the gas is immediate.

Corda also takes advantage of participating in non-operated wells in some of the more prolific gas producing areas in the Texas Gulf Coast and South Texas.

Other activities of Corda include management of owned mineral interests in the Barnett Shale gas trend located in Johnson County, Texas, and partial ownership interest in a fresh water sales and salt water disposal facility serving Barnett Shale and Woodford Shale producing gas trend in West Texas.