Corda Corporation is a privately held Texas corporation engaged in oil and gas exploration since 1982. Corda operates 34 producing wells in Texas.
Corda has an executive office in downtown Dallas and a production office in Wichita Falls, Texas. Corda's exploration activities take place primarily in Texas Railroad Commission Districts 9 and 7B. In 2024 Corda Corporation's gross oil and gas revenue from operated properties was $3,962,388.00.
Average price per barrel in 2024 was $80.50 in North Texas. Corda produced 53,347 barrels of oil in 2024 from its operated properties.
Oil prices in 2024 were relatively stable. The fact that Corda disposed of its North Texas natural gas properties in 2023 increased net profits for 2024. Plans in 2025 include the further elimination of marginally productive oil properties as well as looking for shallow low-risk oil prospects to drill. This plan is contingent on oil prices staying above $60.00 per barrel.
Corda also derives other income from mineral investments and royalty interests in Central Texas, West Texas, South Texas and Oklahoma.
