VEALE PARKS
VEALE PARKS is a Texas oil lease in Stephens County, Railroad Commission district 7B, operated by Eland Energy, Inc. It has 5 wellbores on file with the Commission. Reported production runs from December 1998 to August 2026, totalling 163,866 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 $138K, with roughly $27K 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 41 barrels a month, about 8 per wellbore. Its strongest month on the record we hold was May 2016, at 492 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 VEALE PARKS
- Who operates VEALE PARKS?
- VEALE PARKS is operated by Eland Energy, Inc., Railroad Commission of Texas operator number 246565.
- Where is VEALE PARKS?
- VEALE PARKS is a Texas oil lease in Stephens County, Texas, in Railroad Commission district 7B. Its Railroad Commission lease number is 28561.
- Is VEALE PARKS still producing?
- VEALE PARKS is currently producing. The most recent month of production reported to the Railroad Commission of Texas for VEALE PARKS is August 2026.
- How much has VEALE PARKS produced?
- VEALE PARKS has reported 163,866 barrels of oil (bbl) to the Railroad Commission of Texas between December 1998 and August 2026, from 5 wellbores.
- How much is VEALE PARKS worth?
- The remaining production from VEALE PARKS is estimated to be worth about $138K in total as of 26 August 2026, within a range of $76K to $200K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in VEALE PARKS is a fraction of it. The estimate fits an Arps decline curve to the production VEALE PARKS 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 is an estimate of value, not an offer and not an appraisal.
- How much income does VEALE PARKS generate in a year?
- VEALE PARKS is forecast to net about $27K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in VEALE PARKS receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Eland Energy, Inc. |
|---|---|
| Field | Veale-Parks (Strawn) |
| County | Stephens County, Texas |
| RRC district | 7B |
| Lease number | 28561 |
| Wellbores | 5 |
| Reported production | 163,866 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $138K |
Where VEALE PARKS 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.