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Texas oil lease

Producing

NEAL '40-38B'

Neal '40-38B' is an oil lease in Upton County, Texas, operated by Ovintiv USA Inc. in the Spraberry (Trend Area) field.

4 wells

3,334bbl oil, last 12 months−29% vs prior year
Operator
Ovintiv USA Inc.
County
Upton County
Field
Spraberry (Trend Area)
RRC lease
7C-18334

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Where it sits

This county

Upton CountyUptonMidlandCraneGlasscockReaganEctorUpton County
Upton County
Gas, last 12 months
10,544 mcf
Oil in Jul 2026
196 bbl

Checks stopped on this lease?

  • Sales

    Sales over the last 3 months fell to 17% of the 9 months before.

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

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Production by month

Oil output fell 29% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 29% over the last 12 monthsMonthly oil production and gas for NEAL '40-38B', Aug 2023 to Jul 2026. Oil output fell 29% over the last 12 months. 3,334 bbl in the 12 months through Jul 2026, against 4,725 bbl in the 12 months before.Last 12 months: 3,334 bblbbl per monthmcf per month002005004001,0006001,5008002,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 29% over the last 12 monthsMonthly oil production and gas for NEAL '40-38B', Aug 2023 to Jul 2026. Oil output fell 29% over the last 12 months. 3,334 bbl in the 12 months through Jul 2026, against 4,725 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

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

  • Processing plant (3)
  • Transmission line (2)
  • Lease fuel (1)
Since Jul 2026 the lease's gas goes to a processing plant instead of lease fuelShare of NEAL '40-38B' 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 lease fuel.Share of the lease’s gas by disposition code, per month0%50%100%Jul 2026: fuel to plantOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Jul 2026 the lease's gas goes to a processing plant instead of lease fuelShare of NEAL '40-38B' 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 lease fuel.Share of gas by disposition code0%50%100%Jul 26: fuel to plantJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    89% · 9,340 mcf

  • Lease fuel (1)

    10% · 1,098 mcf

  • Transmission line (2)

    1.0% · 106 mcf

Who has run this lease

The operator changed once, most recently in Feb 2020

Operators of this lease over timeEncana Oil & Gas(usa) Inc., Jan 2020 to Jan 2020; Ovintiv USA Inc., Feb 2020 to Jul 20262020202120222023202420252026Changed Feb 2020Encana Oil & Gas(usa) Inc.Jan 2020 to Jan 2020Ovintiv USA Inc.Feb 2020 to now
Operators of this lease over timeEncana Oil & Gas(usa) Inc., Jan 2020 to Jan 2020; Ovintiv USA Inc., Feb 2020 to Jul 20262020202120222023202420252026Changed Feb 2020Encana Oil & Gas(usa) Inc.Jan 2020 to Jan 2020Ovintiv USA Inc.Feb 2020 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

4 wells on this lease

Wells on NEAL '40-38B'
API numberWell no.Status
42-461-380494Active
42-461-380503Active
42-461-390016Active
42-461-390275Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Anchor Crude Marketing, LLCOilGathers50Aug 1, 2026–
Gulfmark Energy, Inc.OilGathers50Aug 1, 2026–
Gulfmark Energy, Inc.OilGathers100Apr 1, 2025Aug 1, 2026
Oasis Transp & Marketing Corp.OilGathers100Jun 1, 2020Apr 1, 2025
Energy Transfer CompanyCasinghead gasGathers100Nov 1, 2017Dec 1, 2023
Energy Transfer CompanyCasinghead gasBuys100Nov 1, 2017Dec 1, 2023
Sunoco Ptnrs. Mktg.&terminals LPOilGathers100Nov 1, 2018Jun 1, 2020

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

Who buys my oilOil price check

240 acres on the newest permit

  • Good to know

    The wells on this lease state different acreage

    The permits state between 164.33 and 240 acres. Use the acres from your own division order for the well you are paid on.

Check your decimal on this lease
Permits for Neal '40-38B'
API numberWell no.Acreson the permit
42-461-390016240
42-461-390275240
42-461-380494164.33
42-461-380503164.33

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 '40-38B'
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Ovintiv USA1961773302370$80.46$2.89
Jun 2026Ovintiv USA13302551650$84.81$3.15
May 2026Ovintiv USA340140460$102.13$2.94
Apr 2026Ovintiv USA36136133430$100.32$2.77
Mar 2026Ovintiv USA2271607006060$91.38$3.04
Feb 2026Ovintiv USA2883391,0109260$64.51$3.62
Jan 2026Ovintiv USA3343351,1001,0070$60.04$7.72
Dec 2025Ovintiv USA4193541,3871,2940$57.97$4.26
Nov 2025Ovintiv USA3954951,3681,2780$60.06$3.79
Oct 2025Ovintiv USA3753581,2381,1450$60.89$3.19
Sep 2025Ovintiv USA4243191,4351,3440$63.96$2.97
Aug 2025Ovintiv USA4735461,4481,3550$64.86$2.91
Jul 2025Ovintiv USA452521000$68.39$3.20
Jun 2025Ovintiv USA3943701,3231,2320$68.17$3.02
May 2025Ovintiv USA4373621,4191,3260$62.17$3.12
Apr 2025Ovintiv USA2151751,0879970$63.54$3.42
Mar 2025Ovintiv USA2653371,3731,2810$68.24$4.12
Feb 2025Ovintiv USA4034611,3851,3010$71.53$4.19
Jan 2025Ovintiv USA4595501,0219280$75.74$4.13
Dec 2024Ovintiv USA350187162700$70.12$3.01
Nov 2024Ovintiv USA4505071,5271,4360$69.95$2.12
Oct 2024Ovintiv USA4743491,6601,5660$71.99$2.20
Sep 2024Ovintiv USA3985481,4401,3500$70.24$2.28
Aug 2024Ovintiv USA4283071,6371,5440$76.68$1.99
Jul 2024Ovintiv USA4635491,6271,5340$81.80$2.07
Jun 2024Ovintiv USA4765061,8021,7130$79.77$2.54
May 2024Ovintiv USA4735011,6141,5210$80.02$2.12
Apr 2024Ovintiv USA4633581,4851,3950$85.35$1.60
Mar 2024Ovintiv USA5285411,6191,5260$81.28$1.49
Feb 2024Ovintiv USA5465411,4271,3400$77.25$1.72
Jan 2024Ovintiv USA1991874733790$74.15$3.18
Dec 2023Ovintiv USA4655341,0569630$71.90$2.52
Nov 2023Ovintiv USA2931868567660$77.69$2.71
Oct 2023Ovintiv USA5175191,6801,5880$85.64$2.98
Sep 2023Ovintiv USA5075371,7571,6670$89.43$2.64
Aug 2023Ovintiv USA4945381,1911,0980$81.39$2.58

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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