VERNON
VERNON is a Texas oil lease in Hockley County, Railroad Commission district 8A, operated by Wheeler Operating Corporation. It has 2 wellbores on file with the Commission. Reported production runs from March 1993 to August 2026, totalling 23,604 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 $10K, with roughly $2K 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 1 barrels a month, about 1 per wellbore. Its strongest month on the record we hold was March 2023, at 62 barrels. In our own backtest, leases producing at this rate are forecast to within about 100% 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 VERNON
- Who operates VERNON?
- VERNON is operated by Wheeler Operating Corporation, Railroad Commission of Texas operator number 914263.
- Where is VERNON?
- VERNON is a Texas oil lease in Hockley County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 66995.
- Is VERNON still producing?
- VERNON is currently producing. The most recent month of production reported to the Railroad Commission of Texas for VERNON is August 2026.
- How much has VERNON produced?
- VERNON has reported 23,604 barrels of oil (bbl) to the Railroad Commission of Texas between March 1993 and August 2026, from 2 wellbores.
- How much is VERNON worth?
- The remaining production from VERNON is estimated to be worth about $10K in total as of 26 August 2026, within a range of $0 to $20K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in VERNON is a fraction of it. The estimate fits an Arps decline curve to the production VERNON has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for VERNON is an estimate of value, not an offer and not an appraisal.
- How much income does VERNON generate in a year?
- VERNON is forecast to net about $2K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in VERNON receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Wheeler Operating Corporation |
|---|---|
| Field | Levelland |
| County | Hockley County, Texas |
| RRC district | 8A |
| Lease number | 66995 |
| Wellbores | 2 |
| Reported production | 23,604 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $10K |
Where VERNON 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.