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Producing

MORGAN-NEAL 39-26

Morgan-Neal 39-26 is an oil lease in Howard County, Texas, operated by Surge Operating, LLC in the Spraberry (Trend Area) field.

3 wells

75,769bbl oil, last 12 months−13% vs prior year
Operator
Surge Operating, LLC
County
Howard County
Field
Spraberry (Trend Area)
RRC lease
08-51979

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Where it sits

This county

Howard CountyHowardMitchellMartinScurryDawsonBordenHoward County
Howard County
Gas, last 12 months
294,428 mcf
Oil in Jul 2026
5,466 bbl

Checks stopped on this lease?

  • Buyer

    Buyer changed: ET GATHERING & PROCESSING LLC replaced ETC GAS PROCESSING, LLC as the buyer of this lease's gas from oil wells on Mar 1, 2026.

SourceRailroad Commission production, P-5 and P-4 records, data through Jul 2026.

See why checks stop on this lease

Production by month

Oil output fell 13% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 13% over the last 12 monthsMonthly oil production and gas for MORGAN-NEAL 39-26, Aug 2023 to Jul 2026. Oil output fell 13% over the last 12 months. 75,769 bbl in the 12 months through Jul 2026, against 86,986 bbl in the 12 months before.Last 12 months: 75,769 bblbbl per monthmcf per month005,00010k10k20k15k30k20k40kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 13% over the last 12 monthsMonthly oil production and gas for MORGAN-NEAL 39-26, Aug 2023 to Jul 2026. Oil output fell 13% over the last 12 months. 75,769 bbl in the 12 months through Jul 2026, against 86,986 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month005,00010k10k20k15k30k20k40kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

99% of the gas went to a processing plant in the last 12 months

Flaring peaked at 100.0% of the gas in Oct 2024.

  • Processing plant (3)
  • Lease fuel (1)
  • Flared (4)
99% of the gas went to a processing plant in the last 12 monthsShare of MORGAN-NEAL 39-26 gas by disposition code each month, Aug 2023 to Jul 2026. 99% of the gas went to a processing plant in the last 12 months. Flaring peaked at 100.0% of the gas in Oct 2024.Share of the lease’s gas by disposition code, per month0%50%100%Flared 100.0%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
99% of the gas went to a processing plant in the last 12 monthsShare of MORGAN-NEAL 39-26 gas by disposition code each month, Aug 2023 to Jul 2026. 99% of the gas went to a processing plant in the last 12 months. Flaring peaked at 100.0% of the gas in Oct 2024.Share of gas by disposition code0%50%100%Flared 100.0%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    99% · 291,133 mcf

  • Flared (4)

    1.1% · 3,295 mcf

1.1% of the gas flared in the last 12 months. 15 months above 3%.

Who has run this lease

The operator changed once, most recently in Jan 2021

Operators of this lease over timeGrenadier Energy Partners Ii,llc, Jan 2020 to Dec 2020; Surge Operating, LLC, Jan 2021 to Jul 20262020202120222023202420252026Changed Jan 2021Grenadier Energy Partners Ii,…Jan 2020 to Dec 2020Surge Operating, LLCJan 2021 to now
Operators of this lease over timeGrenadier Energy Partners Ii,llc, Jan 2020 to Dec 2020; Surge Operating, LLC, Jan 2021 to Jul 20262020202120222023202420252026Changed Jan 2021Grenadier Energy Partners Ii,llcJan 2020 to Dec 2020Surge Operating, LLCJan 2021 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

3 wells on this lease

Wells on MORGAN-NEAL 39-26
API numberWell no.Status
42-227-396413WAActive
42-227-398522LSActive
42-227-424893SHActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Delek Crude Logistics, LLCOilGathers95May 8, 2026–
Dk Trading & Supply, LLCOilGathers5May 8, 2026–
Et Gathering & Processing LLCCasinghead gasBuys100Mar 1, 2026–
Energy Transfer CompanyCasinghead gasGathers100Oct 10, 2025–
Dk Trading & Supply, LLCOilGathers100Oct 10, 2025May 8, 2026
Etc Gas Processing, LLCCasinghead gasBuys100Oct 14, 2025Mar 1, 2026
Energy Transfer Marketing & TermCasinghead gasBuys100Oct 10, 2025Oct 14, 2025
Wtg Gas Processing, L.p.Casinghead gasGathers100Apr 15, 2019Oct 10, 2025
Wtg Gas Processing, L.p.Casinghead gasBuys100Apr 15, 2019Oct 10, 2025
Lion Oil Trading & Trans, LLCOilGathers100Apr 15, 2019Oct 10, 2025

SourceRailroad Commission Form P-4 file, Sep 24, 2026 (source).

Who buys my oilOil price check

321.45 acres on the newest permit

  • Good to know

    The wells on this lease state different acreage

    The permits state between 320 and 360 acres. Use the acres from your own division order for the well you are paid on.

  • Worth asking

    A Rule 37 case is listed

    The RRC permit records list a Rule 37 case. This does not establish your royalty share. Ask for the permit and unit plat for your well.

Check your decimal on this lease
Permits for Morgan-Neal 39-26
API numberWell no.Acreson the permit
42-227-424893SH321.45
42-227-398522LS320
42-227-396413WA360

SourceRailroad Commission drilling permits, Oct 3, 2026 (source 1, source 2).

Unit decimal checker

Estimate your royalty

36 months, newest first

Ledger for MORGAN-NEAL 39-26
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Surge Operating,5,4665,44929,08828,243845$80.46$2.89
Jun 2026Surge Operating,5,1655,18824,80124,284517$84.81$3.15
May 2026Surge Operating,5,9345,92428,09327,748345$102.13$2.94
Apr 2026Surge Operating,5,8335,83025,05524,614441$100.32$2.77
Mar 2026Surge Operating,5,6655,69924,66224,541121$91.38$3.04
Feb 2026Surge Operating,6,4786,47824,00423,868136$64.51$3.62
Jan 2026Surge Operating,6,1746,16324,27624,173103$60.04$7.72
Dec 2025Surge Operating,6,9727,00625,42825,4280$57.97$4.26
Nov 2025Surge Operating,6,7576,85124,40524,4050$60.06$3.79
Oct 2025Surge Operating,7,6347,59625,46924,695774$60.89$3.19
Sep 2025Surge Operating,7,0316,95521,27921,2790$63.96$2.97
Aug 2025Surge Operating,6,6606,64117,86817,85513$64.86$2.91
Jul 2025Surge Operating,7,5077,48419,62119,6156$68.39$3.20
Jun 2025Surge Operating,7,4877,53319,77419,67599$68.17$3.02
May 2025Surge Operating,8,1478,08519,99919,96831$62.17$3.12
Apr 2025Surge Operating,8,3578,39918,90818,75892$63.54$3.42
Mar 2025Surge Operating,9,5749,5429,3195,3652,374$68.24$4.12
Feb 2025Surge Operating,9,7169,70720,88817,510468$71.53$4.19
Jan 2025Surge Operating,12,55612,56224,39920,444894$75.74$4.13
Dec 2024Surge Operating,14,45114,40014,07412,665582$70.12$3.01
Nov 2024Surge Operating,4,5174,5262,3492,233113$69.95$2.12
Oct 2024Surge Operating,100202$71.99$2.20
Sep 2024Surge Operating,6447129199190$70.24$2.28
Aug 2024Surge Operating,4,0204,02914,09714,0970$76.68$1.99
Jul 2024Surge Operating,4,2284,44115,45914,801658$81.80$2.07
Jun 2024Surge Operating,4,1443,90916,05016,0500$79.77$2.54
May 2024Surge Operating,4,2314,28216,56513,7612,804$80.02$2.12
Apr 2024Surge Operating,4,2844,27515,39314,3281,065$85.35$1.60
Mar 2024Surge Operating,4,6974,74218,33917,879460$81.28$1.49
Feb 2024Surge Operating,2,9322,87532,90830,6492,259$77.25$1.72
Jan 2024Surge Operating,2,7662,80118,75818,371379$74.15$3.18
Dec 2023Surge Operating,1,5781,6355,4264,2771,149$71.90$2.52
Nov 2023Surge Operating,1,5581,5144,7653,1211,644$77.69$2.71
Oct 2023Surge Operating,3,5103,4509,7616,8792,882$85.64$2.98
Sep 2023Surge Operating,3,8893,89414,28913,354935$89.43$2.64
Aug 2023Surge Operating,5,9375,87712,81511,6321,183$81.39$2.58

Flared above 3%

SourceTexas Railroad Commission Production Data Query, through Jul 2026. Prices: EIA, through Aug 2026. Updated Oct 2, 2026.

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Nearby

This lease belongs to

OperatorSurge Operating, LLCFieldSpraberry (Trend Area)CountyHoward County

Surge Operating, LLC in Howard County

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Spraberry (Trend Area) field

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