SIKES 640 UNIT
SIKES 640 UNIT is a Texas oil lease in Palo Pinto County, Railroad Commission district 7B, operated by Veritas Energy, LLC. It has 2 wellbores on file with the Commission. Reported production runs from April 2012 to August 2026, totalling 43,594 barrels. The lease is intermittent. 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 $511K, with roughly $69K 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 20 barrels a month, about 10 per wellbore. Its strongest month on the record we hold was May 2016, at 400 barrels. In our own backtest, leases producing at this rate are forecast to within about 45% 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 SIKES 640 UNIT
- Who operates SIKES 640 UNIT?
- SIKES 640 UNIT is operated by Veritas Energy, LLC, Railroad Commission of Texas operator number 884589.
- Where is SIKES 640 UNIT?
- SIKES 640 UNIT is a Texas oil lease in Palo Pinto County, Texas, in Railroad Commission district 7B. Its Railroad Commission lease number is 31072.
- Is SIKES 640 UNIT still producing?
- SIKES 640 UNIT is intermittent. The most recent month of production reported to the Railroad Commission of Texas for SIKES 640 UNIT is August 2026.
- How much has SIKES 640 UNIT produced?
- SIKES 640 UNIT has reported 43,594 barrels of oil (bbl) to the Railroad Commission of Texas between April 2012 and August 2026, from 2 wellbores.
- How much is SIKES 640 UNIT worth?
- The remaining production from SIKES 640 UNIT is estimated to be worth about $511K in total as of 27 August 2026, within a range of $281K to $740K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SIKES 640 UNIT is a fraction of it. The estimate fits an Arps decline curve to the production SIKES 640 UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SIKES 640 UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does SIKES 640 UNIT generate in a year?
- SIKES 640 UNIT is forecast to net about $69K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in SIKES 640 UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Veritas Energy, LLC |
|---|---|
| Field | Burns-Dalton(Marble Falls) |
| County | Palo Pinto County, Texas |
| RRC district | 7B |
| Lease number | 31072 |
| Wellbores | 2 |
| Reported production | 43,594 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $511K |
Where SIKES 640 UNIT 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.