VEALE PARKS "1405"
VEALE PARKS "1405" is a Texas gas lease in Stephens County, Railroad Commission district 7B, operated by Southlake Exploration, Inc. It has 1 wellbore on file with the Commission. Reported production runs from April 1999 to August 2026, totalling 240,740 thousand cubic feet. 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 $32K, with roughly $4K 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 228 thousand cubic feet a month. Its strongest month on the record we hold was December 2024, at 877 thousand cubic feet. 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 VEALE PARKS "1405"
- Who operates VEALE PARKS "1405"?
- VEALE PARKS "1405" is operated by Southlake Exploration, Inc., Railroad Commission of Texas operator number 805550.
- Where is VEALE PARKS "1405"?
- VEALE PARKS "1405" is a Texas gas lease in Stephens County, Texas, in Railroad Commission district 7B. Its Railroad Commission lease number is 173729.
- Is VEALE PARKS "1405" still producing?
- VEALE PARKS "1405" is intermittent. The most recent month of production reported to the Railroad Commission of Texas for VEALE PARKS "1405" is August 2026.
- How much has VEALE PARKS "1405" produced?
- VEALE PARKS "1405" has reported 240,740 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between April 1999 and August 2026, from 1 wellbore.
- How much is VEALE PARKS "1405" worth?
- The remaining production from VEALE PARKS "1405" is estimated to be worth about $32K in total as of 27 August 2026, within a range of $25K to $39K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in VEALE PARKS "1405" is a fraction of it. The estimate fits an Arps decline curve to the production VEALE PARKS "1405" has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for VEALE PARKS "1405" is an estimate of value, not an offer and not an appraisal.
- How much income does VEALE PARKS "1405" generate in a year?
- VEALE PARKS "1405" is forecast to net about $4K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in VEALE PARKS "1405" receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Southlake Exploration, Inc. |
|---|---|
| Field | Veale (Marble Falls) |
| County | Stephens County, Texas |
| RRC district | 7B |
| Lease number | 173729 |
| Wellbores | 1 |
| Reported production | 240,740 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $32K |
Where VEALE PARKS "1405" 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.