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Texas oil lease

Producing

NEAL 34F

Neal 34F is an oil lease in Upton County, Texas, operated by Ovintiv USA Inc. in the Spraberry (Trend Area) field.

4 wells

96,252bbl oil, last 12 months−24% vs prior year
Operator
Ovintiv USA Inc.
County
Upton County
Field
Spraberry (Trend Area)
RRC lease
7C-21648

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Where it sits

This county

Upton CountyUptonMidlandCraneGlasscockReaganEctorUpton County
Upton County
Gas, last 12 months
766,342 mcf
Oil in Jul 2026
8,226 bbl

Production by month

Oil output fell 24% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 24% over the last 12 monthsMonthly oil production and gas for NEAL 34F, Aug 2023 to Jul 2026. Oil output fell 24% over the last 12 months. 96,252 bbl in the 12 months through Jul 2026, against 127,222 bbl in the 12 months before.Last 12 months: 96,252 bblbbl per monthmcf per month005,00025k10k50k15k75k20k100k25k125kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 24% over the last 12 monthsMonthly oil production and gas for NEAL 34F, Aug 2023 to Jul 2026. Oil output fell 24% over the last 12 months. 96,252 bbl in the 12 months through Jul 2026, against 127,222 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month005,00025k10k50k15k75k20k100k25k125kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

Since Jul 2026 the lease's gas goes to a processing plant instead of a transmission line

Flaring peaked at 3.5% of the gas in Oct 2023.

  • Processing plant (3)
  • Transmission line (2)
  • Lease fuel (1)
  • Flared (4)
Since Jul 2026 the lease's gas goes to a processing plant instead of a transmission lineShare of NEAL 34F gas by disposition code each month, Aug 2023 to Jul 2026. Since Jul 2026 the lease's gas goes to a processing plant instead of a transmission line. Flaring peaked at 3.5% of the gas in Oct 2023.Share of the lease’s gas by disposition code, per month0%50%100%Jul 2026: line to plantFlared 3.5%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Jul 2026 the lease's gas goes to a processing plant instead of a transmission lineShare of NEAL 34F gas by disposition code each month, Aug 2023 to Jul 2026. Since Jul 2026 the lease's gas goes to a processing plant instead of a transmission line. Flaring peaked at 3.5% of the gas in Oct 2023.Share of gas by disposition code0%50%100%Jul 26: line to plantFlared 3.5%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    87% · 663,246 mcf

  • Transmission line (2)

    12% · 92,697 mcf

  • Lease fuel (1)

    0.7% · 5,274 mcf

  • Flared (4)

    0.7% · 5,125 mcf

0.7% of the gas flared in the last 12 months. 2 months above 3%.

4 wells on this lease

Wells on NEAL 34F
API numberWell no.Status
42-461-417615HMActive
42-461-417626HDActive
42-461-417637HJActive
42-461-417648HEActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%From
Medallion Operating Company, LLCOilGathers100Feb 6, 2022
Energy Transfer CompanyCasinghead gasBuys94Feb 6, 2022
Targa Pl Mid-Cont Westtex LLCCasinghead gasBuys6Feb 6, 2022
Energy Transfer CompanyCasinghead gasGathers94Feb 6, 2022
Targa Pl Mid-Cont Westtex LLCCasinghead gasGathers6Feb 6, 2022

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

Who buys my oilOil price check

1,648.53 acres on the newest permit

  • Worth asking

    An allocation well is on this lease

    A well drilled across several tracts shares its production by an allocation formula, so the decimal is not always your acres over the unit acres. Ask the operator for the allocation formula and the tract factor for your land.

  • 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 Neal 34F
API numberWell no.Acreson the permit
42-461-417648HE1,648.53
42-461-417615HM1,648.53
42-461-417626HD1,648.53
42-461-417637HJ1,648.53

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

Unit decimal checker

What Ovintiv Inc. told investors it received

Ovintiv USA Inc. is linked to Ovintiv Inc. (OVV).
Realized prices reported by Ovintiv Inc.
QuarterOil$ per bblFiling
Q2 2026$100.69SEC filing
Q1 2026$72.62SEC filing
Q4 2025$59.55SEC filing
Q3 2025$66.22SEC filing
Q2 2025$64.50SEC filing
Q1 2025$71.79SEC filing

SourceOvintiv Inc. quarterly reports, SEC EDGAR, company-wide averages before hedging.

Estimate your royalty

36 months, newest first

Ledger for NEAL 34F
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20268,2268,20450,19049,682109$80.46$2.89
Jun 20267,7577,764105,387104,814128$84.81$3.15
May 20266,9566,99680,23679,396502$102.13$2.94
Apr 20267,0877,06045,15843,959844$100.32$2.77
Mar 20268,4828,47154,22053,8070$91.38$3.04
Feb 20267,2297,30565,47564,757228$64.51$3.62
Jan 20267,3617,28572,08469,1272,417$60.04$7.72
Dec 20257,5197,52858,11357,6950$57.97$4.26
Nov 20258,1208,11962,04660,931669$60.06$3.79
Oct 20259,0109,02360,32359,634228$60.89$3.19
Sep 20259,2689,27154,26553,8150$63.96$2.97
Aug 20259,2379,24758,84558,3260$64.86$2.91
Jul 20259,6849,6907,6237,09618$68.39$3.20
Jun 20259,2919,26645,07744,65815$68.17$3.02
May 20259,1109,11952,83252,342110$62.17$3.12
Apr 202512,10912,12060,82660,021368$63.54$3.42
Mar 202513,09113,06862,83362,3930$68.24$4.12
Feb 20259,6149,61042,60842,2736$71.53$4.19
Jan 20258,9648,94146,77746,4190$75.74$4.13
Dec 20249,2869,30452,03551,6990$70.12$3.01
Nov 20249,8699,86256,50956,10218$69.95$2.12
Oct 202411,90911,91860,96960,057537$71.99$2.20
Sep 202412,79812,81768,89768,4379$70.24$2.28
Aug 202411,49711,46965,41565,0060$76.68$1.99
Jul 202412,15112,14371,03770,108521$81.80$2.07
Jun 202411,87411,88970,04468,5551,088$79.77$2.54
May 202412,70312,69768,19465,8431,943$80.02$2.12
Apr 202413,42113,44856,89056,5360$85.35$1.60
Mar 202415,63015,60365,61765,2340$81.28$1.49
Feb 202414,56114,58462,14961,78418$77.25$1.72
Jan 202415,11815,09757,95057,5740$74.15$3.18
Dec 202315,59015,59662,71662,223114$71.90$2.52
Nov 202316,40716,44866,02765,425241$77.69$2.71
Oct 202319,53819,51374,07871,1372,556$85.64$2.98
Sep 202320,25520,26372,35171,546442$89.43$2.64
Aug 202319,09219,06947,11546,78738$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

OperatorOvintiv USA Inc.FieldSpraberry (Trend Area)CountyUpton County

Ovintiv USA Inc. in Upton County

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Spraberry (Trend Area) field

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