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Texas oil lease

Producing

NEAL

Neal is an oil lease in Upton County, Texas, operated by Saxum Opco, LLC in the Spraberry (Trend Area) field.

65 wells

128,559bbl oil, last 12 months−15% vs prior year
Operator
Saxum Opco, LLC
County
Upton County
Field
Spraberry (Trend Area)
RRC lease
7C-17203

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Where it sits

This county

Upton CountyUptonMidlandCraneGlasscockReaganEctorUpton County
Upton County
Gas, last 12 months
893,079 mcf
Oil in Jul 2026
9,023 bbl

Checks stopped on this lease?

  • Operator

    Operator changed: Saxum Opco, LLC took over from Sem Operating Company LLC in Jan 2026.

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

See why checks stop on this lease

Production by month

Oil output fell 15% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 15% over the last 12 monthsMonthly oil production and gas for NEAL, Aug 2023 to Jul 2026. Oil output fell 15% over the last 12 months. 128,559 bbl in the 12 months through Jul 2026, against 151,298 bbl in the 12 months before.Last 12 months: 128,559 bblbbl per monthmcf per month005,00025k10k50k15k75k20k100k25k125kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 15% over the last 12 monthsMonthly oil production and gas for NEAL, Aug 2023 to Jul 2026. Oil output fell 15% over the last 12 months. 128,559 bbl in the 12 months through Jul 2026, against 151,298 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 Jun 2026 the lease's gas goes to a processing plant instead of a transmission line

Flaring peaked at 11.4% of the gas in Jul 2026.

  • Processing plant (3)
  • Transmission line (2)
  • Lease fuel (1)
  • Flared (4)
Since Jun 2026 the lease's gas goes to a processing plant instead of a transmission lineShare of NEAL gas by disposition code each month, Aug 2023 to Jul 2026. Since Jun 2026 the lease's gas goes to a processing plant instead of a transmission line. Flaring peaked at 11.4% of the gas in Jul 2026.Share of the lease’s gas by disposition code, per month0%50%100%Jun 2026: line to plantFlared 11.4%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Jun 2026 the lease's gas goes to a processing plant instead of a transmission lineShare of NEAL gas by disposition code each month, Aug 2023 to Jul 2026. Since Jun 2026 the lease's gas goes to a processing plant instead of a transmission line. Flaring peaked at 11.4% of the gas in Jul 2026.Share of gas by disposition code0%50%100%Jun 26: line to plantFlared 11.4%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    84% · 749,738 mcf

  • Transmission line (2)

    9.6% · 85,827 mcf

  • Lease fuel (1)

    5.2% · 46,427 mcf

  • Flared (4)

    1.2% · 11,087 mcf

1.2% of the gas flared in the last 12 months. 2 months above 3%.

Who has run this lease

The operator changed once, most recently in Jan 2026

Operators of this lease over timeSem Operating Company LLC, Jan 2020 to Dec 2025; Saxum Opco, LLC, Jan 2026 to Jul 20262020202120222023202420252026Changed Jan 2026Sem Operating Company LLCJan 2020 to Dec 2025Saxum Opco, LLCJan 2026 to now
Operators of this lease over timeSem Operating Company LLC, Jan 2020 to Dec 2025; Saxum Opco, LLC, Jan 2026 to Jul 20262020202120222023202420252026Changed Jan 2026Sem Operating Company LLCJan 2020 to Dec 2025Saxum Opco, LLCJan 2026 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

65 wells on this lease

Wells on NEAL
API numberWell no.Status
42-461-343691CShut-in
42-461-34661601Active
42-461-36544301Shut-in
42-461-36548101Shut-in
42-461-36559102Shut-in
42-461-36770302Shut-in
42-461-36771602Shut-in
42-461-36805303Shut-in
42-461-36806304Shut-in
42-461-36813603Shut-in
42-461-36847201Shut-in
42-461-36848202AShut-in
42-461-36862604Shut-in
42-461-37023501Active
42-461-37048402Shut-in
42-461-37049305Shut-in
42-461-37050103Shut-in
42-461-37095203Shut-in
42-461-37144605Shut-in
42-461-37163403Shut-in
42-461-37164502Shut-in
42-461-37165404AShut-in
42-461-37166306Shut-in
42-461-37167606Shut-in
42-461-37184503Shut-in
42-461-37196504Shut-in
42-461-37201506Shut-in
42-461-37451505Shut-in
42-461-37471105Shut-in
42-461-37472108Shut-in
42-461-37559608Shut-in
42-461-37565109Shut-in
42-461-37625106Active
42-461-37678408Shut-in
42-461-37721405Shut-in
42-461-37736509Shut-in
42-461-37805307Shut-in
42-461-379881WSShut-in
42-461-38039321HActive
42-461-38086651HActive
42-461-381492WSShut-in
42-461-38474341HActive
42-461-38482343HActive
42-461-38485342HActive
42-461-385133WSShut-in
42-461-38726322HActive
42-461-38727323HActive
42-461-38728324HActive
42-461-389054WSShut-in
42-461-389065WSShut-in
42-461-38966652HActive
42-461-38967653HActive
42-461-39050344HShut-in
42-461-39056345HActive
42-461-39140346AHActive
42-461-39330611HActive
42-461-39331612HActive
42-461-39332658LHActive
42-461-393461DActive
42-461-39717613HActive
42-461-397186522SHShut-in
42-461-39719614HActive
42-461-39877325HActive
42-461-39901326HShut-in
42-461-399533214LHActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Plains Marketing, L.p.OilGathers80Jan 1, 2026–
Shell Trading (Us) CompanyOilGathers20Jan 1, 2026–
Et Gathering & Processing LLCCasinghead gasBuys100Sep 4, 2024–
Energy Transfer CompanyCasinghead gasGathers100Sep 4, 2024–
Lpc Crude Iii, LLCOilGathers30Nov 18, 2024Jan 1, 2026
Plains Marketing, L.p.OilGathers30Nov 18, 2024Jan 1, 2026
Shell Trading (Us) CompanyOilGathers40Nov 18, 2024Jan 1, 2026
Plains Marketing, L.p.OilGathers50Sep 4, 2024Nov 18, 2024
Shell Trading (Us) CompanyOilGathers50Sep 4, 2024Nov 18, 2024
Plains Marketing, L.p.OilGathers100Sep 3, 2024Sep 4, 2024

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

Who buys my oilOil price check

3,686.38 acres on the newest permit

  • Good to know

    The wells on this lease state different acreage

    The permits state between 160 and 3,766.38 acres. Use the acres from your own division order for the well you are paid on.

  • Good to know

    66 wells are listed on this lease

    Each well can have its own unit. The decimal for one well does not have to equal the decimal for another.

  • 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
API numberWell no.Acreson the permit
42-461-399533214LH3,686.38
42-461-39901326H3,677.04
42-461-39877325H3,677.04
42-461-397186522SH3,686.38
42-461-39717613H3,766.38
42-461-39719614H3,766.38
42-461-393461D3,677.04
42-461-39332658LH3,677.04
42-461-39330611H3,677.04
42-461-39331612H3,677.04
42-461-39140346AH3,677.04
42-461-39050344H3,677.04

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

Unit decimal checker

Estimate your royalty

36 months, newest first

Ledger for NEAL
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Saxum Opco,9,0239,66869,10858,2347,895$80.46$2.89
Jun 2026Saxum Opco,11,30211,23678,88674,0551,877$84.81$3.15
May 2026Saxum Opco,9,3459,01285,84585,82718$102.13$2.94
Apr 2026Saxum Opco,9,00210,09687,67283,782359$100.32$2.77
Mar 2026Saxum Opco,11,53010,986100,05294,88595$91.38$3.04
Feb 2026Saxum Opco,10,09711,11275,88571,464289$64.51$3.62
Jan 2026Saxum Opco,12,57011,60570,10965,50535$60.04$7.72
Dec 2025Sem Operating11,47211,75367,36262,442423$57.97$4.26
Nov 2025Sem Operating10,78710,20566,36761,21668$60.06$3.79
Oct 2025Sem Operating10,48010,80861,93157,54024$60.89$3.19
Sep 2025Sem Operating10,15510,14859,60155,3090$63.96$2.97
Aug 2025Sem Operating12,79612,87570,26165,3064$64.86$2.91
Jul 2025Sem Operating10,97710,47663,97059,2066$68.39$3.20
Jun 2025Sem Operating10,93911,38967,85862,8346$68.17$3.02
May 2025Sem Operating11,66311,67262,46957,5786$62.17$3.12
Apr 2025Sem Operating12,42112,19573,38068,7730$63.54$3.42
Mar 2025Sem Operating13,14014,15172,43167,6894$68.24$4.12
Feb 2025Sem Operating12,54313,32163,07259,1220$71.53$4.19
Jan 2025Sem Operating12,26311,16064,85460,46724$75.74$4.13
Dec 2024Sem Operating11,52312,63468,49464,325149$70.12$3.01
Nov 2024Sem Operating15,46915,92075,03270,52319$69.95$2.12
Oct 2024Sem Operating13,38512,00968,33563,69175$71.99$2.20
Sep 2024Sem Operating13,44112,67664,59960,0650$70.24$2.28
Aug 2024Sem Operating13,53414,66372,49167,721202$76.68$1.99
Jul 2024Sem Operating15,62815,72864,69660,0427$81.80$2.07
Jun 2024Sem Operating13,23213,48852,84548,5921$79.77$2.54
May 2024Sem Operating14,71814,15867,94563,27737$80.02$2.12
Apr 2024Sem Operating15,32515,82969,77665,0040$85.35$1.60
Mar 2024Sem Operating16,90016,25965,86060,82169$81.28$1.49
Feb 2024Sem Operating16,40617,01560,91655,9721$77.25$1.72
Jan 2024Sem Operating16,05915,43041,68037,3881$74.15$3.18
Dec 2023Sem Operating14,89214,81037,33432,42640$71.90$2.52
Nov 2023Sem Operating15,91415,29747,61942,189158$77.69$2.71
Oct 2023Sem Operating15,99115,58446,37438,9971,683$85.64$2.98
Sep 2023Sem Operating14,72414,79247,94242,97458$89.43$2.64
Aug 2023Sem Operating15,59715,84755,31150,237166$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

OperatorSaxum Opco, LLCFieldSpraberry (Trend Area)CountyUpton County

Saxum Opco, LLC in Upton County

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Spraberry (Trend Area) field

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