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Texas oil lease

Producing

NEAL RANCH "37" A

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

7 wells

14,737bbl oil, last 12 months−16% vs prior year
Operator
Cog Operating LLC
County
Upton County
Field
Spraberry (Trend Area)
RRC lease
7C-17410

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Where it sits

This county

Upton CountyUptonMidlandCraneGlasscockReaganEctorUpton County
Upton County
Gas, last 12 months
92,496 mcf
Oil in Jul 2026
1,044 bbl

Production by month

Oil output fell 16% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 16% over the last 12 monthsMonthly oil production and gas for NEAL RANCH "37" A, Aug 2023 to Jul 2026. Oil output fell 16% over the last 12 months. 14,737 bbl in the 12 months through Jul 2026, against 17,552 bbl in the 12 months before.Last 12 months: 14,737 bblbbl per monthmcf per month001,0002,5002,0005,0003,0007,5004,00010k5,00012.5kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 16% over the last 12 monthsMonthly oil production and gas for NEAL RANCH "37" A, Aug 2023 to Jul 2026. Oil output fell 16% over the last 12 months. 14,737 bbl in the 12 months through Jul 2026, against 17,552 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month001,0002,5002,0005,0003,0007,5004,00010k5,00012.5kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

98% of the gas went to a processing plant in the last 12 months

Flaring peaked at 4.9% of the gas in Nov 2025.

  • Processing plant (3)
  • Lease fuel (1)
  • Flared (4)
98% of the gas went to a processing plant in the last 12 monthsShare of NEAL RANCH "37" A gas by disposition code each month, Aug 2023 to Jul 2026. 98% of the gas went to a processing plant in the last 12 months. Flaring peaked at 4.9% of the gas in Nov 2025.Share of the lease’s gas by disposition code, per month0%50%100%Flared 4.9%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
98% of the gas went to a processing plant in the last 12 monthsShare of NEAL RANCH "37" A gas by disposition code each month, Aug 2023 to Jul 2026. 98% of the gas went to a processing plant in the last 12 months. Flaring peaked at 4.9% of the gas in Nov 2025.Share of gas by disposition code0%50%100%Flared 4.9%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    98% · 90,341 mcf

  • Lease fuel (1)

    1.8% · 1,677 mcf

  • Flared (4)

    0.5% · 478 mcf

0.5% of the gas flared in the last 12 months. 2 months above 3%.

7 wells on this lease

Wells on NEAL RANCH "37" A
API numberWell no.Status
42-461-370838Active
42-461-3740310Shut-in
42-461-376126Active
42-461-3780111Shut-in
42-461-3780215Shut-in
42-461-3783914Active
42-461-3920119HActive

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

319.50 acres on the newest permit

  • Good to know

    9 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 substandard-acreage flag is in the permit records

    The RRC permit records include a substandard-acreage flag. Ask which acreage applies to your well and how it was used in your decimal.

  • 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 Ranch "37" A
API numberWell no.Acreson the permit
42-461-3920119H319.50
42-461-3780215319.50
42-461-3783914319.50
42-461-3780111319.50
42-461-376126319.50
42-461-3740310319.50
42-461-370838319.50
42-461-367745319.50
42-461-367357319.50

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" A
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20261,0441,1016,3056,1620$80.46$2.89
Jun 20261,0641,1046,3436,2050$84.81$3.15
May 20261,0548745,8375,6940$102.13$2.94
Apr 20261,1571,2506,3126,1740$100.32$2.77
Mar 20269301,0515,9815,8380$91.38$3.04
Feb 20261,1111,0446,8136,6890$64.51$3.62
Jan 20261,2251,1297,0386,8950$60.04$7.72
Dec 20251,2721,4037,7707,6270$57.97$4.26
Nov 20251,2711,2869,7349,118478$60.06$3.79
Oct 20251,3961,24911,33811,1950$60.89$3.19
Sep 20251,3531,56510,63710,4990$63.96$2.97
Aug 20251,8601,8078,3888,2450$64.86$2.91
Jul 20259187633,4443,3010$68.39$3.20
Jun 20251,4711,5506,4916,050303$68.17$3.02
May 20251,9201,8755,4815,3380$62.17$3.12
Apr 20259621,1433,0722,9340$63.54$3.42
Mar 20251,5021,5113,8783,7350$68.24$4.12
Feb 20251,2011,1813,3633,2390$71.53$4.19
Jan 20251,5861,6055,0404,8970$75.74$4.13
Dec 20241,6751,5815,5335,3900$70.12$3.01
Nov 20241,6351,6134,9664,8280$69.95$2.12
Oct 20249709593,9713,8280$71.99$2.20
Sep 20241,8301,8968,4848,3460$70.24$2.28
Aug 20241,8822,0168,0447,9010$76.68$1.99
Jul 20241,8041,6097,7977,6540$81.80$2.07
Jun 20241,5491,7176,3686,2300$79.77$2.54
May 20241,9001,711000$80.02$2.12
Apr 20242,3362,4088,6608,5220$85.35$1.60
Mar 20242,5962,6885,1264,9830$81.28$1.49
Feb 20242,2572,3123,0712,9380$77.25$1.72
Jan 20242,2612,5222,8592,7160$74.15$3.18
Dec 20232,2791,7712,4672,4030$71.90$2.52
Nov 20232,1302,3492,5582,5580$77.69$2.71
Oct 20231,7941,7472,3722,3720$85.64$2.98
Sep 20231,5841,6291,8801,8800$89.43$2.64
Aug 20231,2309992,2032,2030$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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