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Texas oil lease

Producing

NEAL RANCH "37"

Neal Ranch "37" is an oil lease in Upton County, Texas, operated by Cog Operating LLC in the Spraberry (Trend Area) field.

7 wells

8,520bbl oil, last 12 months−36% vs prior year
Operator
Cog Operating LLC
County
Upton County
Field
Spraberry (Trend Area)
RRC lease
7C-16717

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Where it sits

This county

Upton CountyUptonMidlandCraneGlasscockReaganEctorUpton County
Upton County
Gas, last 12 months
29,687 mcf
Oil in Jul 2026
635 bbl

Production by month

Oil output fell 36% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 36% over the last 12 monthsMonthly oil production and gas for NEAL RANCH "37", Aug 2023 to Jul 2026. Oil output fell 36% over the last 12 months. 8,520 bbl in the 12 months through Jul 2026, against 13,237 bbl in the 12 months before.Last 12 months: 8,520 bblbbl per monthmcf per month005001,0001,0002,0001,5003,0002,0004,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 36% over the last 12 monthsMonthly oil production and gas for NEAL RANCH "37", Aug 2023 to Jul 2026. Oil output fell 36% over the last 12 months. 8,520 bbl in the 12 months through Jul 2026, against 13,237 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month005001,0001,0002,0001,5003,0002,0004,000Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

96% of the gas went to a processing plant in the last 12 months

Flaring peaked at 4.8% of the gas in Nov 2025.

  • Processing plant (3)
  • Lease fuel (1)
  • Flared (4)
96% of the gas went to a processing plant in the last 12 monthsShare of NEAL RANCH "37" gas by disposition code each month, Aug 2023 to Jul 2026. 96% of the gas went to a processing plant in the last 12 months. Flaring peaked at 4.8% of the gas in Nov 2025.Share of the lease’s gas by disposition code, per month0%50%100%Flared 4.8%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
96% of the gas went to a processing plant in the last 12 monthsShare of NEAL RANCH "37" gas by disposition code each month, Aug 2023 to Jul 2026. 96% of the gas went to a processing plant in the last 12 months. Flaring peaked at 4.8% of the gas in Nov 2025.Share of gas by disposition code0%50%100%Flared 4.8%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    96% · 28,404 mcf

  • Lease fuel (1)

    3.9% · 1,163 mcf

  • Flared (4)

    0.4% · 120 mcf

0.4% of the gas flared in the last 12 months. One month above 3%.

7 wells on this lease

Wells on NEAL RANCH "37"
API numberWell no.Status
42-461-360171Shut-in
42-461-362432Active
42-461-363293Active
42-461-364994Shut-in
42-461-367357Active
42-461-367745Active
42-461-3877412Shut-in

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%From
Enlink Crude Marketing, LLCOilGathers100May 1, 2017
Targa Pl Mid-Cont Westtex LLCCasinghead gasBuys100May 1, 2017
Targa Pl Mid-Cont Westtex LLCCasinghead gasGathers100May 1, 2017

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

Who buys my oilOil price check

319.80 acres on the newest permit

  • Good to know

    The wells on this lease state different acreage

    The permits state between 319.5 and 658.53 acres. Use the acres from your own division order for the well you are paid on.

  • Good to know

    7 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.

Check your decimal on this lease
Permits for Neal Ranch "37"
API numberWell no.Acreson the permit
42-461-3877412319.80
42-461-367745319.50
42-461-367357319.50
42-461-364994639.30
42-461-363293658.53
42-461-362432658.53
42-461-360171658.53

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

Unit decimal checker

What ConocoPhillips told investors it received

Cog Operating LLC is linked to ConocoPhillips (COP).
Realized prices reported by ConocoPhillips
QuarterOil$ per bblFiling
Q2 2026$99.40SEC filing
Q1 2026$73.47SEC filing
Q3 2025$66.13SEC filing
Q2 2025$64.23SEC filing
Q1 2025$71.65SEC filing
Q3 2024$76.77SEC filing

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

Estimate your royalty

36 months, newest first

Ledger for NEAL RANCH "37"
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20266355632,3232,2240$80.46$2.89
Jun 20266146152,5902,4940$84.81$3.15
May 20266715952,5882,4890$102.13$2.94
Apr 20266758392,4462,3500$100.32$2.77
Mar 20266335852,0521,9530$91.38$3.04
Feb 20266905342,1932,1070$64.51$3.62
Jan 20266989252,6222,5230$60.04$7.72
Dec 20257796242,5392,4400$57.97$4.26
Nov 20257526812,5232,307120$60.06$3.79
Oct 20257679262,7892,6900$60.89$3.19
Sep 20257726532,6892,5930$63.96$2.97
Aug 20258349122,3332,2340$64.86$2.91
Jul 20259548342,1472,0480$68.39$3.20
Jun 20253824131,4261,3300$68.17$3.02
May 20259028132,0651,9660$62.17$3.12
Apr 20256688571,2061,1100$63.54$3.42
Mar 20251,0021,0182,1922,0930$68.24$4.12
Feb 20251,1831,3342,2852,1950$71.53$4.19
Jan 20251,8761,9473,0742,9750$75.74$4.13
Dec 20241,3291,1173,3713,2720$70.12$3.01
Nov 20241,1801,2102,6492,5530$69.95$2.12
Oct 20249019142,0221,9230$71.99$2.20
Sep 20241,3021,2123,4413,3450$70.24$2.28
Aug 20241,5581,5383,8923,7930$76.68$1.99
Jul 20241,1241,1191,8041,7050$81.80$2.07
Jun 20246265708777810$79.77$2.54
May 2024809878000$80.02$2.12
Apr 20241,4041,6943,3053,2090$85.35$1.60
Mar 20241,6541,5052,7122,6130$81.28$1.49
Feb 20241,2861,3321,9331,8400$77.25$1.72
Jan 20248676139218220$74.15$3.18
Dec 20231,2591,5321,2461,2010$71.90$2.52
Nov 20231,2181,2038158150$77.69$2.71
Oct 20231,0711,0066546540$85.64$2.98
Sep 20238616384274270$89.43$2.64
Aug 20232832712102100$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

OperatorCog Operating LLCFieldSpraberry (Trend Area)CountyUpton County

Cog Operating LLC in Upton County

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Spraberry (Trend Area) field

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