VERA
VERA is a Texas oil lease in Concho County, Railroad Commission district 7C, operated by Pickens Company, Inc., The. It has 8 wellbores on file with the Commission. Reported production runs from August 2000 to August 2026, totalling 221,064 barrels. The lease is currently producing. Fitting a decline curve to that history and pricing the remaining production at today's forward curve values the whole lease — a 100% undivided interest — at about $942K, with roughly $181K expected over the next twelve months. An individual royalty owner receives their own decimal interest times that figure. Over the last twelve months on file it averaged 189 barrels a month, about 24 per wellbore. Its strongest month on the record we hold was November 2019, at 335 barrels. In our own backtest, leases producing at this rate are forecast to within about 22% of what they went on to produce, and that measured error is the range shown on the page rather than a confidence of our own devising.
Key facts about VERA
- Who operates VERA?
- VERA is operated by Pickens Company, Inc., The, Railroad Commission of Texas operator number 664420.
- Where is VERA?
- VERA is a Texas oil lease in Concho County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 15019.
- Is VERA still producing?
- VERA is currently producing. The most recent month of production reported to the Railroad Commission of Texas for VERA is August 2026.
- How much has VERA produced?
- VERA has reported 221,064 barrels of oil (bbl) to the Railroad Commission of Texas between August 2000 and August 2026, from 8 wellbores.
- How much is VERA worth?
- The remaining production from VERA is estimated to be worth about $942K in total as of 26 August 2026, within a range of $735K to $1.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in VERA is a fraction of it. The estimate fits an Arps decline curve to the production VERA has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for VERA is an estimate of value, not an offer and not an appraisal.
- How much income does VERA generate in a year?
- VERA is forecast to net about $181K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in VERA receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Pickens Company, Inc., The |
|---|---|
| Field | Millersview, W. (Cross Cut SD) |
| County | Concho County, Texas |
| RRC district | 7C |
| Lease number | 15019 |
| Wellbores | 8 |
| Reported production | 221,064 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $942K |
Where VERA sits
Source: Railroad Commission of Texas lease production records, complete through . Figures on this page were computed on .
Production figures are as reported to the Railroad Commission of Texas. The value shown is an estimate produced by fitting a decline curve to that reported history; it is not an offer or an appraisal. How this estimate is calculated.