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MORGAN-NEAL UNIT NO.2 39-26

Morgan-Neal Unit No.2 39-26 is an oil lease in Howard County, Texas, operated by Surge Operating, LLC in the Spraberry (Trend Area) field.

3 wells

32,283bbl oil, last 12 months+24% vs prior year
Operator
Surge Operating, LLC
County
Howard County
Field
Spraberry (Trend Area)
RRC lease
08-51978

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Where it sits

This county

Howard CountyHowardMitchellMartinScurryDawsonBordenHoward County
Howard County
Gas, last 12 months
168,537 mcf
Oil in Jul 2026
3,677 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.

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Production by month

Oil output rose 24% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output rose 24% over the last 12 monthsMonthly oil production and gas for MORGAN-NEAL UNIT NO.2 39-26, Aug 2023 to Jul 2026. Oil output rose 24% over the last 12 months. 32,283 bbl in the 12 months through Jul 2026, against 26,080 bbl in the 12 months before.Last 12 months: 32,283 bblbbl per monthmcf per month001,00010k2,00020k3,00030k4,00040k5,00050kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output rose 24% over the last 12 monthsMonthly oil production and gas for MORGAN-NEAL UNIT NO.2 39-26, Aug 2023 to Jul 2026. Oil output rose 24% over the last 12 months. 32,283 bbl in the 12 months through Jul 2026, against 26,080 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month001,00010k2,00020k3,00030k4,00040k5,00050kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

Since Feb 2025 the lease's gas goes to a processing plant instead of lease fuel

Flaring peaked at 79.9% of the gas in Dec 2023.

  • Processing plant (3)
  • Lease fuel (1)
  • Flared (4)
Since Feb 2025 the lease's gas goes to a processing plant instead of lease fuelShare of MORGAN-NEAL UNIT NO.2 39-26 gas by disposition code each month, Aug 2023 to Jul 2026. Since Feb 2025 the lease's gas goes to a processing plant instead of lease fuel. Flaring peaked at 79.9% of the gas in Dec 2023.Share of the lease’s gas by disposition code, per month0%50%100%Feb 2025: fuel to plantFlared 79.9%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Feb 2025 the lease's gas goes to a processing plant instead of lease fuelShare of MORGAN-NEAL UNIT NO.2 39-26 gas by disposition code each month, Aug 2023 to Jul 2026. Since Feb 2025 the lease's gas goes to a processing plant instead of lease fuel. Flaring peaked at 79.9% of the gas in Dec 2023.Share of gas by disposition code0%50%100%Feb 25: fuel to plantFlared 79.9%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    99% · 166,864 mcf

  • Flared (4)

    1.0% · 1,673 mcf

1.0% 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 UNIT NO.2 39-26
API numberWell no.Status
42-227-398242WAActive
42-227-398591LSActive
42-227-398601WAActive

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 gasGathers100Mar 28, 2019Oct 10, 2025
Wtg Gas Processing, L.p.Casinghead gasBuys100Mar 28, 2019Oct 10, 2025
Lion Oil Trading & Trans, LLCOilGathers100Mar 28, 2019Oct 10, 2025

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

Who buys my oilOil price check

320 acres on the newest permit

  • 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 Unit No.2 39-26
API numberWell no.Acreson the permit
42-227-398591LS320
42-227-398601WA320
42-227-398242WA320

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

Unit decimal checker

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36 months, newest first

Ledger for MORGAN-NEAL UNIT NO.2 39-26
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Surge Operating,3,6773,67424,04023,100940$80.46$2.89
Jun 2026Surge Operating,3,8793,84620,76420,471293$84.81$3.15
May 2026Surge Operating,2,8942,89917,65117,57279$102.13$2.94
Apr 2026Surge Operating,3,0013,01917,06717,0670$100.32$2.77
Mar 2026Surge Operating,3,4303,39217,30117,135166$91.38$3.04
Feb 2026Surge Operating,2,6332,66813,76513,655110$64.51$3.62
Jan 2026Surge Operating,3,3813,37214,35214,26785$60.04$7.72
Dec 2025Surge Operating,3,3243,31414,94914,9490$57.97$4.26
Nov 2025Surge Operating,2,6002,5299,7919,7910$60.06$3.79
Oct 2025Surge Operating,8348412,6442,6440$60.89$3.19
Sep 2025Surge Operating,8859495,9695,9690$63.96$2.97
Aug 2025Surge Operating,1,7451,75710,24410,2440$64.86$2.91
Jul 2025Surge Operating,2,5792,59513,42313,4230$68.39$3.20
Jun 2025Surge Operating,2,9872,97116,73416,519215$68.17$3.02
May 2025Surge Operating,2,1692,1799,1159,1150$62.17$3.12
Apr 2025Surge Operating,3,2863,34112,64812,6480$63.54$3.42
Mar 2025Surge Operating,2,7382,67713,29711,1270$68.24$4.12
Feb 2025Surge Operating,2,2652,30412,9127,364690$71.53$4.19
Jan 2025Surge Operating,2,5382,55315,1495,2562,172$75.74$4.13
Dec 2024Surge Operating,1,6531,7128,0583,0202,812$70.12$3.01
Nov 2024Surge Operating,8077633,8201,2411,625$69.95$2.12
Oct 2024Surge Operating,440000$71.99$2.20
Sep 2024Surge Operating,1,5671,5221,037923114$70.24$2.28
Aug 2024Surge Operating,3,4473,48113,92513,9250$76.68$1.99
Jul 2024Surge Operating,4,3454,59717,40016,564836$81.80$2.07
Jun 2024Surge Operating,4,6384,36917,38917,3890$79.77$2.54
May 2024Surge Operating,4,5764,59718,05114,6013,450$80.02$2.12
Apr 2024Surge Operating,3,8653,82715,52014,1001,420$85.35$1.60
Mar 2024Surge Operating,3,4623,44918,21217,679533$81.28$1.49
Feb 2024Surge Operating,1,4951,50227,41925,4042,015$77.25$1.72
Jan 2024Surge Operating,2,1102,0859,3819,255126$74.15$3.18
Dec 2023Surge Operating,78872114930119$71.90$2.52
Nov 2023Surge Operating,02123167$77.69$2.71
Oct 2023Surge Operating,8178785,1963,5071,689$85.64$2.98
Sep 2023Surge Operating,2,9052,90117,06915,5951,474$89.43$2.64
Aug 2023Surge Operating,4,0874,04213,38811,7611,627$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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