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Texas oil lease

Producing

NEAL 48

Neal 48 is an oil lease in Glasscock County, Texas, operated by Apache Corporation in the Spraberry (Trend Area) field.

1 well

587bbl oil, last 12 months−4% vs prior year
Operator
Apache Corporation
County
Glasscock County
Field
Spraberry (Trend Area)
RRC lease
08-41215

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Where it sits

This county

Glasscock CountyGlasscockMitchellMartinSterlingMidlandHowardGlasscock County
Glasscock County
Gas, last 12 months
1,363 mcf
Oil in Jul 2026
47 bbl

Checks stopped on this lease?

  • Sales

    No sales reported for the last 6 months of state data (through Jul 2026).

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

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Production by month

Oil output fell 4% over the last 12 months

Jun 2026 was not reported.

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 4% over the last 12 monthsMonthly oil production and gas for NEAL 48, Aug 2023 to Jul 2026. Oil output fell 4% over the last 12 months. 545 bbl in the 12 months through Jul 2026, against 570 bbl in the 12 months before.Last 12 months: 545 bblbbl per monthmcf per month00251005020075300100400125500Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 4% over the last 12 monthsMonthly oil production and gas for NEAL 48, Aug 2023 to Jul 2026. Oil output fell 4% over the last 12 months. 545 bbl in the 12 months through Jul 2026, against 570 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month00251005020075300100400125500Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

Since Mar 2026 the lease's gas goes to a transmission line instead of lease fuel

Flaring peaked at 100.0% of the gas in Sep 2023.

  • Transmission line (2)
  • Lease fuel (1)
  • Flared (4)
Since Mar 2026 the lease's gas goes to a transmission line instead of lease fuelShare of NEAL 48 gas by disposition code each month, Aug 2023 to Jul 2026. Since Mar 2026 the lease's gas goes to a transmission line instead of lease fuel. Flaring peaked at 100.0% of the gas in Sep 2023.Share of the lease’s gas by disposition code, per month0%50%100%Mar 2026: fuel to lineFlared 100.0%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Mar 2026 the lease's gas goes to a transmission line instead of lease fuelShare of NEAL 48 gas by disposition code each month, Aug 2023 to Jul 2026. Since Mar 2026 the lease's gas goes to a transmission line instead of lease fuel. Flaring peaked at 100.0% of the gas in Sep 2023.Share of gas by disposition code0%50%100%Mar 26: fuel to lineFlared 100.0%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    56% · 757 mcf

  • Lease fuel (1)

    44% · 604 mcf

  • Flared (4)

    0.1% · 2 mcf

0.1% of the gas flared in the last 12 months. 5 months above 3%.

1 well on this lease

Wells on NEAL 48
API numberWell no.Status
42-173-340601Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Energy Trans Crude Marketing LLCOilGathers100Oct 1, 2022–
Targa Pl Mid-Cont Westtex LLCCasinghead gasBuys100Nov 1, 2015–
Targa Pl Mid-Cont Westtex LLCCasinghead gasGathers100Oct 1, 2015–
Ngl Crude Logistics, LLCOilGathers100Sep 1, 2014Oct 1, 2022

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

Who buys my oilOil price check

624.50 acres on the newest permit

Check your decimal on this lease
Permits for Neal 48
API numberWell no.Acreson the permit
42-173-340601624.50

SourceRailroad Commission drilling permits, Oct 3, 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 48
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 202647063630$80.46$2.89
Jun 2026No report filed–––––$84.81$3.15
May 202643070700$102.13$2.94
Apr 202643060600$100.32$2.77
Mar 202648065650$91.38$3.04
Feb 20261200162500$64.51$3.62
Jan 202637186193690$60.04$7.72
Dec 2025430184600$57.97$4.26
Nov 2025420182620$60.06$3.79
Oct 202543185195710$60.89$3.19
Sep 202541060582$63.96$2.97
Aug 202538060600$64.86$2.91
Jul 202542069690$68.39$3.20
Jun 20253218169690$68.17$3.02
May 202566070700$62.17$3.12
Apr 202523068680$63.54$3.42
Mar 202557061592$68.24$4.12
Feb 2025580176631$71.53$4.19
Jan 202567187191661$75.74$4.13
Dec 2024540183581$70.12$3.01
Nov 2024410180591$69.95$2.12
Oct 202444176195710$71.99$2.20
Sep 202442066651$70.24$2.28
Aug 202444068680$76.68$1.99
Jul 202442057570$81.80$2.07
Jun 20245418873712$79.77$2.54
May 202446073730$80.02$2.12
Apr 202442059590$85.35$1.60
Mar 202458051510$81.28$1.49
Feb 202451173158420$77.25$1.72
Jan 2024580200760$74.15$3.18
Dec 2023500177530$71.90$2.52
Nov 202367167185650$77.69$2.71
Oct 202380026957104$85.64$2.98
Sep 202300101$89.43$2.64
Aug 2023450674324$81.39$2.58

No report filed 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

OperatorApache CorporationFieldSpraberry (Trend Area)CountyGlasscock County

Apache Corporation in Glasscock County

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Spraberry (Trend Area) field

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