VEALE-PARKS (CADDO) UNIT
VEALE-PARKS (CADDO) UNIT is a Texas oil lease in Stephens County, Railroad Commission district 7B, operated by Eland Energy, Inc. It has 38 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 189,530 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 $1.8M, with roughly $415K 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 625 barrels a month, about 16 per wellbore. Its strongest month on the record we hold was August 2025, at 697 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 VEALE-PARKS (CADDO) UNIT
- Who operates VEALE-PARKS (CADDO) UNIT?
- VEALE-PARKS (CADDO) UNIT is operated by Eland Energy, Inc., Railroad Commission of Texas operator number 246565.
- Where is VEALE-PARKS (CADDO) UNIT?
- VEALE-PARKS (CADDO) UNIT is a Texas oil lease in Stephens County, Texas, in Railroad Commission district 7B. Its Railroad Commission lease number is 15029.
- Is VEALE-PARKS (CADDO) UNIT still producing?
- VEALE-PARKS (CADDO) UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for VEALE-PARKS (CADDO) UNIT is August 2026.
- How much has VEALE-PARKS (CADDO) UNIT produced?
- VEALE-PARKS (CADDO) UNIT has reported 189,530 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 38 wellbores.
- How much is VEALE-PARKS (CADDO) UNIT worth?
- The remaining production from VEALE-PARKS (CADDO) UNIT is estimated to be worth about $1.8M in total as of 27 August 2026, within a range of $1.4M to $2.2M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in VEALE-PARKS (CADDO) UNIT is a fraction of it. The estimate fits an Arps decline curve to the production VEALE-PARKS (CADDO) UNIT 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 (CADDO) UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does VEALE-PARKS (CADDO) UNIT generate in a year?
- VEALE-PARKS (CADDO) UNIT is forecast to net about $415K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in VEALE-PARKS (CADDO) UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Eland Energy, Inc. |
|---|---|
| Field | Stephens County Regular |
| County | Stephens County, Texas |
| RRC district | 7B |
| Lease number | 15029 |
| Wellbores | 38 |
| Reported production | 189,530 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.8M |
Where VEALE-PARKS (CADDO) 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.