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Texas oil lease

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NEAL RANCH "38"

Neal Ranch "38" is an oil lease in Upton County, Texas, operated by Cog Operating LLC in the Spraberry (Trend Area) field.

3 wells

2bbl oil, last 12 months−100% vs prior year
Operator
Cog Operating LLC
County
Upton County
Field
Spraberry (Trend Area)
RRC lease
7C-17182

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Where it sits

This county

Upton CountyUptonMidlandCraneGlasscockReaganEctorUpton County
Upton County
Oil in Jul 2026
0 bbl
Reporting since
Jan 2020

Checks stopped on this lease?

  • Sales

    No sales reported for the last 12 months of state data (through Jul 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 100% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 100% over the last 12 monthsMonthly oil production and gas for NEAL RANCH "38", Aug 2023 to Jul 2026. Oil output fell 100% over the last 12 months. 2 bbl in the 12 months through Jul 2026, against 1,030 bbl in the 12 months before.Last 12 months: 2 bblbbl per monthmcf per month001005002001,0003001,5004002,0005002,500Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 100% over the last 12 monthsMonthly oil production and gas for NEAL RANCH "38", Aug 2023 to Jul 2026. Oil output fell 100% over the last 12 months. 2 bbl in the 12 months through Jul 2026, against 1,030 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month001005002001,0003001,5004002,0005002,500Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

Over 99% of the gas went to a processing plant in the last 12 months

  • Processing plant (3)
  • Lease fuel (1)
Over 99% of the gas went to a processing plant in the last 12 monthsShare of NEAL RANCH "38" gas by disposition code each month, Aug 2023 to Jul 2026. Over 99% of the gas went to a processing plant in the last 12 months.Share of the lease’s gas by disposition code, per month0%50%100%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Over 99% of the gas went to a processing plant in the last 12 monthsShare of NEAL RANCH "38" gas by disposition code each month, Aug 2023 to Jul 2026. Over 99% of the gas went to a processing plant in the last 12 months.Share of gas by disposition code0%50%100%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    100% · 12,495 mcf

  • Lease fuel (1)

    0.4% · 56 mcf

3 wells on this lease

Wells on NEAL RANCH "38"
API numberWell no.Status
42-461-366121Active
42-461-375905Shut-in
42-461-401479Shut-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

164.41 acres on the newest permit

  • Good to know

    The wells on this lease state different acreage

    The permits state between 164.41 and 328.7 acres. Use the acres from your own division order for the well you are paid on.

Check your decimal on this lease
Permits for Neal Ranch "38"
API numberWell no.Acreson the permit
42-461-401479164.41
42-461-375905164.41
42-461-366121328.70

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 "38"
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 202600000$80.46$2.89
Jun 202600000$84.81$3.15
May 202600000$102.13$2.94
Apr 202600000$100.32$2.77
Mar 202600000$91.38$3.04
Feb 202600000$64.51$3.62
Jan 202600000$60.04$7.72
Dec 202500000$57.97$4.26
Nov 202500000$60.06$3.79
Oct 202500000$60.89$3.19
Sep 202520000$63.96$2.97
Aug 202500000$64.86$2.91
Jul 202500000$68.39$3.20
Jun 202500000$68.17$3.02
May 202500000$62.17$3.12
Apr 202500000$63.54$3.42
Mar 202500000$68.24$4.12
Feb 202500000$71.53$4.19
Jan 202500000$75.74$4.13
Dec 202441087870$70.12$3.01
Nov 20242524634484480$69.95$2.12
Oct 202415808148140$71.99$2.20
Sep 20243414621,5461,5460$70.24$2.28
Aug 20242382231,4501,4500$76.68$1.99
Jul 20241892231,5691,5690$81.80$2.07
Jun 20241772011,6321,6320$79.77$2.54
May 2024266230000$80.02$2.12
Apr 20243662301,5831,5830$85.35$1.60
Mar 20244824941,1231,1230$81.28$1.49
Feb 2024001081080$77.25$1.72
Jan 20241532331,2941,2620$74.15$3.18
Dec 20233282318978730$71.90$2.52
Nov 20233344437467460$77.69$2.71
Oct 20233212526536530$85.64$2.98
Sep 20232702197797790$89.43$2.64
Aug 20233182668338330$81.39$2.58

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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