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Texas oil lease

Producing

NEAL 38

Neal 38 is an oil lease in Upton County, Texas, operated by Apache Corporation in the Spraberry (Trend Area) field.

6 wells

5,420bbl oil, last 12 months+34% vs prior year
Operator
Apache Corporation
County
Upton County
Field
Spraberry (Trend Area)
RRC lease
7C-17543

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Where it sits

This county

Upton CountyUptonMidlandCraneGlasscockReaganEctorUpton County
Upton County
Gas, last 12 months
7,338 mcf
Oil in Jul 2026
444 bbl

Production by month

Oil output rose 34% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output rose 34% over the last 12 monthsMonthly oil production and gas for NEAL 38, Aug 2023 to Jul 2026. Oil output rose 34% over the last 12 months. 5,420 bbl in the 12 months through Jul 2026, against 4,058 bbl in the 12 months before.Last 12 months: 5,420 bblbbl per monthmcf per month002005004001,0006001,5008002,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output rose 34% over the last 12 monthsMonthly oil production and gas for NEAL 38, Aug 2023 to Jul 2026. Oil output rose 34% over the last 12 months. 5,420 bbl in the 12 months through Jul 2026, against 4,058 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002005004001,0006001,5008002,000Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

65% of the gas went to a transmission line in the last 12 months

Flaring peaked at 100.0% of the gas in Jul 2026.

  • Transmission line (2)
  • Lease fuel (1)
  • Flared (4)
65% of the gas went to a transmission line in the last 12 monthsShare of NEAL 38 gas by disposition code each month, Aug 2023 to Jul 2026. 65% of the gas went to a transmission line in the last 12 months. Flaring peaked at 100.0% of the gas in Jul 2026.Share of the lease’s gas by disposition code, per month0%50%100%Flared 100.0%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
65% of the gas went to a transmission line in the last 12 monthsShare of NEAL 38 gas by disposition code each month, Aug 2023 to Jul 2026. 65% of the gas went to a transmission line in the last 12 months. Flaring peaked at 100.0% of the gas in Jul 2026.Share of gas by disposition code0%50%100%Flared 100.0%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    65% · 4,746 mcf

  • Flared (4)

    27% · 2,008 mcf

  • Lease fuel (1)

    8.0% · 584 mcf

27.4% of the gas flared in the last 12 months. 15 months above 3%.

6 wells on this lease

Wells on NEAL 38
API numberWell no.Status
42-461-369441Active
42-461-369562Active
42-461-370163Shut-in
42-461-370174Active
42-461-381385Active
42-461-381786Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Enterprise Crude Oil LLCOilGathers100May 1, 2025–
Targa Pipeline Mid-Continent LLCCasinghead gasBuys100Oct 1, 2015–
Targa Pipeline Mid-Continent LLCCasinghead gasGathers100Oct 1, 2015–
Plains Marketing, L.p.OilGathers100Mar 1, 2019May 1, 2025
Enlink Crude Purchasing LLCOilGathers100Mar 1, 2018Mar 1, 2019

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

Who buys my oilOil price check

328.65 acres on the newest permit

Permits for Neal 38
API numberWell no.Acreson the permit
42-461-381786328.65
42-461-381385328.65
42-461-370163328.65
42-461-370174328.65
42-461-369562328.65
42-461-369441328.65

SourceRailroad Commission drilling permits, Sep 26, 2026 (source 1, source 2).

Unit decimal checker

What APA Corporation told investors it received

Apache Corporation is linked to APA Corporation (APA).
Realized prices reported by APA Corporation
QuarterOil$ per bblFiling
Q2 2026$98.24SEC filing
Q1 2026$78.69SEC filing
Q4 2025$61.03SEC filing
Q3 2025$67.43SEC filing
Q2 2025$65.58SEC filing
Q1 2025$73.73SEC filing

SourceAPA Corporation quarterly reports, SEC EDGAR, company-wide averages before hedging.

Estimate your royalty

36 months, newest first

Ledger for NEAL 38
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026444518606$80.46$2.89
Jun 20265193554234230$84.81$3.15
May 20264975126506500$102.13$2.94
Apr 20265375371,9336301,303$100.32$2.77
Mar 20265765261,225630595$91.38$3.04
Feb 20263523505003880$64.51$3.62
Jan 20265605496064824$60.04$7.72
Dec 202556669661746445$57.97$4.26
Nov 20254123545404200$60.06$3.79
Oct 202533535051136027$60.89$3.19
Sep 2025211168978215$63.96$2.97
Aug 202541152123021713$64.86$2.91
Jul 2025184065623$68.39$3.20
Jun 202500000$68.17$3.02
May 202500000$62.17$3.12
Apr 2025963811121120$63.54$3.42
Mar 20254243414194190$68.24$4.12
Feb 20254105324143020$71.53$4.19
Jan 20254923774092850$75.74$4.13
Dec 20246537321,06790637$70.12$3.01
Nov 202456254083968039$69.95$2.12
Oct 202437636760643547$71.99$2.20
Sep 2024363356292160132$70.24$2.28
Aug 202449836072150671$76.68$1.99
Jul 2024454363454177277$81.80$2.07
Jun 202447087358652858$79.77$2.54
May 20244633554964888$80.02$2.12
Apr 20246967045505500$85.35$1.60
Mar 20245867337487480$81.28$1.49
Feb 20243971884913750$77.25$1.72
Jan 20244723623822580$74.15$3.18
Dec 20235343595324080$71.90$2.52
Nov 20235457235163960$77.69$2.71
Oct 20234103685183940$85.64$2.98
Sep 20231881801971970$89.43$2.64
Aug 20232693572422375$81.39$2.58

Flared above 3%

SourceTexas Railroad Commission Production Data Query, through Jul 2026. Prices: EIA, through Aug 2026. Updated Sep 28, 2026.

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Nearby

This lease belongs to

OperatorApache CorporationFieldSpraberry (Trend Area)CountyUpton County

Apache Corporation in Upton County

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Spraberry (Trend Area) field

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