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Texas oil lease

Producing

NEAL-LETHCO 41

Neal-Lethco 41 is an oil lease in Pecos County, Texas, operated by Swordfish Energy Operating, LLC in the Phantom (Wolfcamp) field.

Oil lease dossier

1,836bbl oil, last 12 months−55% vs prior year
RRC lease
08-53364

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Where it sits

This county

Pecos CountyPecosUptonCranePecos County
Pecos County
Gas, last 12 months
21,070 mcf
Oil in Jul 2026
0 bbl

Checks stopped on this lease?

  • Operator

    Operator changed: Swordfish Energy Operating, LLC took over from LRR Pecos Valley, LLC in Dec 2025.

  • Sales

    Sales over the last 3 months fell to 7% of the 9 months before.

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 55% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 55% over the last 12 monthsMonthly oil production and gas for NEAL-LETHCO 41, Aug 2023 to Jul 2026. Oil output fell 55% over the last 12 months. 1,836 bbl in the 12 months through Jul 2026, against 4,078 bbl in the 12 months before.Last 12 months: 1,836 bblbbl per monthmcf per month002502,5005005,0007507,5001,00010kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 55% over the last 12 monthsMonthly oil production and gas for NEAL-LETHCO 41, Aug 2023 to Jul 2026. Oil output fell 55% over the last 12 months. 1,836 bbl in the 12 months through Jul 2026, against 4,078 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002502,5005005,0007507,5001,00010kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

Since Dec 2025 the lease's gas goes to a processing plant instead of a transmission line

Flaring peaked at 11.8% of the gas in Jul 2025.

  • Processing plant (3)
  • Transmission line (2)
  • Lease fuel (1)
  • Flared (4)
Since Dec 2025 the lease's gas goes to a processing plant instead of a transmission lineShare of NEAL-LETHCO 41 gas by disposition code each month, Aug 2023 to Jul 2026. Since Dec 2025 the lease's gas goes to a processing plant instead of a transmission line. Flaring peaked at 11.8% of the gas in Jul 2025.Share of the lease’s gas by disposition code, per month0%50%100%Dec 2025: line to plantFlared 11.8%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Dec 2025 the lease's gas goes to a processing plant instead of a transmission lineShare of NEAL-LETHCO 41 gas by disposition code each month, Aug 2023 to Jul 2026. Since Dec 2025 the lease's gas goes to a processing plant instead of a transmission line. Flaring peaked at 11.8% of the gas in Jul 2025.Share of gas by disposition code0%50%100%Dec 25: line to plantFlared 11.8%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    72% · 21,679 mcf

  • Processing plant (3)

    25% · 7,586 mcf

  • Flared (4)

    2.2% · 665 mcf

2.2% of the gas flared in the last 12 months. 9 months above 3%.

Who has run this lease

The operator changed 2 times, most recently in Dec 2025

Operators of this lease over timeRosehill Operating Company, LLC, Jan 2020 to Sep 2021; LRR Pecos Valley, LLC, Oct 2021 to Nov 2025; Swordfish Energy Operating, LLC, Dec 2025 to Jul 20262020202120222023202420252026Changed Oct 2021Changed Dec 2025Rosehill Operating Company, L…Jan 2020 to Sep 2021LRR Pecos Valley, LLCOct 2021 to Nov 2025Swordfish Energy Operating, L…Dec 2025 to now
Operators of this lease over timeRosehill Operating Company, LLC, Jan 2020 to Sep 2021; LRR Pecos Valley, LLC, Oct 2021 to Nov 2025; Swordfish Energy Operating, LLC, Dec 2025 to Jul 20262020202120222023202420252026Changed Oct 2021Changed Dec 2025Rosehill Operating Company, LLCJan 2020 to Sep 2021LRR Pecos Valley, LLCOct 2021 to Nov 2025Swordfish Energy Operating, LLCDec 2025 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Wells on this lease

No wells are linked to this lease in our data

Production is still reported at lease level.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Gibson Energy Marketing, LLCOilGathers50Sep 1, 2025–
Trimac Transportation Inc.OilGathers50Sep 1, 2025–
Brazos Midstream Operating, LLCCasinghead gasBuys50Sep 1, 2025–
Energy Transfer CompanyCasinghead gasBuys50Sep 1, 2025–
Brazos Midstream Operating, LLCCasinghead gasGathers100Sep 1, 2022–
Brazos Midstream Operating, LLCCasinghead gasBuys60Jul 1, 2025Sep 1, 2025
Energy Transfer CompanyCasinghead gasBuys40Jul 1, 2025Sep 1, 2025
Gibson Energy Marketing, LLCOilGathers70Jul 1, 2025Sep 1, 2025
Oasis Transp & Marketing Corp.OilGathers30Jul 1, 2025Sep 1, 2025
Brazos Midstream Operating, LLCCasinghead gasBuys90Sep 1, 2022Jul 1, 2025
Energy Transfer CompanyCasinghead gasBuys10Sep 1, 2022Jul 1, 2025

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

640 acres on the newest permit

Permits for Neal-Lethco 41
API numberWell no.Acreson the permit
42-371-39716H001640

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

Estimate your royalty

36 months, newest first

Ledger for NEAL-LETHCO 41
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Swordfish Energy04469690$80.46$2.89
Jun 2026Swordfish Energy110000$84.81$3.15
May 2026Swordfish Energy00000$102.13$2.94
Apr 2026Swordfish Energy00550$100.32$2.77
Mar 2026Swordfish Energy4201,5181,5180$91.38$3.04
Feb 2026Swordfish Energy4201,5181,5180$64.51$3.62
Jan 2026Swordfish Energy881772,0332,0330$60.04$7.72
Dec 2025Swordfish Energy1202,4432,4430$57.97$4.26
Nov 2025LRR Pecos2523502,3272,3270$60.06$3.79
Oct 2025LRR Pecos3994353,1253,022103$60.89$3.19
Sep 2025LRR Pecos5904613,4223,4220$63.96$2.97
Aug 2025LRR Pecos4004934,6104,6100$64.86$2.91
Jul 2025LRR Pecos2813034,7584,196562$68.39$3.20
Jun 2025LRR Pecos2704274,1024,1020$68.17$3.02
May 2025LRR Pecos3702255,1504,720430$62.17$3.12
Apr 2025LRR Pecos2121373,6133,353260$63.54$3.42
Mar 2025LRR Pecos4163506,0956,0950$68.24$4.12
Feb 2025LRR Pecos215483,9003,9000$71.53$4.19
Jan 2025LRR Pecos4955707,5397,284255$75.74$4.13
Dec 2024LRR Pecos3385137,6767,62848$70.12$3.01
Nov 2024LRR Pecos4603637,2377,128109$69.95$2.12
Oct 2024LRR Pecos5374247,9307,86961$71.99$2.20
Sep 2024LRR Pecos2641984,2314,2310$70.24$2.28
Aug 2024LRR Pecos2203904,6494,6490$76.68$1.99
Jul 2024LRR Pecos4674327,6527,444208$81.80$2.07
Jun 2024LRR Pecos4133863,9503,79387$79.77$2.54
May 2024LRR Pecos4023454,7554,7040$80.02$2.12
Apr 2024LRR Pecos5686705,3265,2360$85.35$1.60
Mar 2024LRR Pecos5465155,4765,4270$81.28$1.49
Feb 2024LRR Pecos4905476,2705,566644$77.25$1.72
Jan 2024LRR Pecos9646775,0664,481579$74.15$3.18
Dec 2023LRR Pecos5954194,2233,732491$71.90$2.52
Nov 2023LRR Pecos3703733,8123,703109$77.69$2.71
Oct 2023LRR Pecos5235635,7715,467304$85.64$2.98
Sep 2023LRR Pecos5215209,5179,5170$89.43$2.64
Aug 2023LRR Pecos3862477,1277,1270$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

Swordfish Energy Operating, LLC in Pecos County

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New drilling permits in Pecos County

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