VERA 11
VERA 11 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 224,619 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 $7.6M, with roughly $5.9M 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 17,714 barrels a month. Its strongest month on the record we hold was September 2025, at 39,462 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 11
- Who operates VERA 11?
- VERA 11 is operated by Summit Petroleum LLC, Railroad Commission of Texas operator number 829221.
- Where is VERA 11?
- VERA 11 is a Texas oil lease in Upton County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 23023.
- Is VERA 11 still producing?
- VERA 11 is intermittent. The most recent month of production reported to the Railroad Commission of Texas for VERA 11 is August 2026.
- How much has VERA 11 produced?
- VERA 11 has reported 224,619 barrels of oil (bbl) to the Railroad Commission of Texas between November 2024 and August 2026, from 1 wellbore.
- How much is VERA 11 worth?
- The remaining production from VERA 11 is estimated to be worth about $7.6M in total as of 26 August 2026, within a range of $6.2M to $9.0M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in VERA 11 is a fraction of it. The estimate fits an Arps decline curve to the production VERA 11 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for VERA 11 is an estimate of value, not an offer and not an appraisal.
- How much income does VERA 11 generate in a year?
- VERA 11 is forecast to net about $5.9M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in VERA 11 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 | 23023 |
| Wellbores | 1 |
| Reported production | 224,619 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $7.6M |
Where VERA 11 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.