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 2008, Corda and Paul DeCleva's gross oil and gas revenue from their operated pro- perties was $15.6 million.
Corda has an executive office in downtown Dallas and a production office in Wichita Falls, Texas. Corda's explora- tion 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.
As we now go into 2009 and live with the reduced oil and gas pricing markets, Corda plans to stay on course, namely, drill oil and gas well prospects to find reserves that have a long production life. Moreover, service companies have dropped prices across the board by some 30% and drilling rigs for onshore exploration are available. This is a good time to drill prospects and find reserves because increased demand for oil and gas products from present levels is inevitable.
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.
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