VERA 10
VERA 10 is a Texas oil lease in Upton County, Railroad Commission district 7C, operated by Summit Petroleum LLC. It has 1 wellbore on file with the Commission. Reported production runs from November 2024 to August 2026, totalling 201,998 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 $17.1M, with roughly $7.5M 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 16,078 barrels a month. Its strongest month on the record we hold was August 2025, at 33,254 barrels. In our own backtest, leases producing at this rate are forecast to within about 18% 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 VERA 10
- Who operates VERA 10?
- VERA 10 is operated by Summit Petroleum LLC, Railroad Commission of Texas operator number 829221.
- Where is VERA 10?
- VERA 10 is a Texas oil lease in Upton County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 23022.
- Is VERA 10 still producing?
- VERA 10 is intermittent. The most recent month of production reported to the Railroad Commission of Texas for VERA 10 is August 2026.
- How much has VERA 10 produced?
- VERA 10 has reported 201,998 barrels of oil (bbl) to the Railroad Commission of Texas between November 2024 and August 2026, from 1 wellbore.
- How much is VERA 10 worth?
- The remaining production from VERA 10 is estimated to be worth about $17.1M in total as of 26 August 2026, within a range of $14.1M to $20.2M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in VERA 10 is a fraction of it. The estimate fits an Arps decline curve to the production VERA 10 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for VERA 10 is an estimate of value, not an offer and not an appraisal.
- How much income does VERA 10 generate in a year?
- VERA 10 is forecast to net about $7.5M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in VERA 10 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Summit Petroleum LLC |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Upton County, Texas |
| RRC district | 7C |
| Lease number | 23022 |
| Wellbores | 1 |
| Reported production | 201,998 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $17.1M |
Where VERA 10 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.