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Texas oil lease

No report in 6+ months

NEAL RANCH "38" B

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

3 wells

0bbl oil, last 12 months
Operator
Cog Operating LLC
County
Upton County
Field
Spraberry (Trend Area)
RRC lease
7C-17369

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Where it sits

This county

Upton CountyUptonMidlandCraneGlasscockReaganEctorUpton County
Upton County
Oil in Oct 2025
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).

  • Wells

    All 3 wells on this lease are marked plugged.

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

See why checks stop on this lease

Production by month

No oil produced in the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
No oil produced in the last 12 monthsMonthly oil production and gas for NEAL RANCH "38" B, Nov 2022 to Oct 2025. No oil produced in the last 12 months. The last month with output was Jan 2023, at 36 bbl.Last 12 months: 0 bblbbl per monthmcf per month00502501005001507502001,000Jan 23AprJulOctJan 24AprJulOctJan 25AprJulOct
No oil produced in the last 12 monthsMonthly oil production and gas for NEAL RANCH "38" B, Nov 2022 to Oct 2025. No oil produced in the last 12 months. The last month with output was Jan 2023, at 36 bbl.Last 12 monthsbbl per monthmcf per month00502501005001507502001,000Jan 23JulJan 24JulJan 25Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

Since Mar 2023 the lease's gas goes to lease fuel instead of a processing plant

Flaring peaked at 11.7% of the gas in Feb 2023.

  • Processing plant (3)
  • Lease fuel (1)
  • Flared (4)
Since Mar 2023 the lease's gas goes to lease fuel instead of a processing plantShare of NEAL RANCH "38" B gas by disposition code each month, Nov 2022 to Oct 2025. Since Mar 2023 the lease's gas goes to lease fuel instead of a processing plant. Flaring peaked at 11.7% of the gas in Feb 2023.Share of the lease’s gas by disposition code, per month0%50%100%Mar 2023: plant to fuelFlared 11.7%Jan 23AprJulOctJan 24AprJulOctJan 25AprJulOct
Since Mar 2023 the lease's gas goes to lease fuel instead of a processing plantShare of NEAL RANCH "38" B gas by disposition code each month, Nov 2022 to Oct 2025. Since Mar 2023 the lease's gas goes to lease fuel instead of a processing plant. Flaring peaked at 11.7% of the gas in Feb 2023.Share of gas by disposition code0%50%100%Mar 23: plant to fuelFlared 11.7%Jan 23JulJan 24JulJan 25Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    91% · 2,061 mcf

  • Lease fuel (1)

    5.5% · 123 mcf

  • Flared (4)

    3.1% · 71 mcf

3.1% of the gas flared in the 5 months reported. 3 months above 3%.

3 wells on this lease

Wells on NEAL RANCH "38" B
API numberWell no.Status
42-461-367593Shut-in
42-461-370557Active
42-461-3793615Active

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

164.48 acres on the newest permit

  • Good to know

    The wells on this lease state different acreage

    The permits state between 164.48 and 164.6 acres. Use the acres from your own division order for the well you are paid on.

  • Good to know

    All listed wells are plugged

    The RRC wellbore records mark all listed wells as plugged. These records do not show whether earlier royalties remain payable. Ask the payor about any unpaid months.

Check your decimal on this lease
Permits for Neal Ranch "38" B
API numberWell no.Acreson the permit
42-461-3793615164.48
42-461-370557164.48
42-461-367593164.60

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" B
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Oct 202500000$60.89$3.19
Sep 202500000$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 202400000$70.12$3.01
Nov 202400000$69.95$2.12
Oct 202400000$71.99$2.20
Sep 202400000$70.24$2.28
Aug 202400000$76.68$1.99
Jul 202400000$81.80$2.07
Jun 202400000$79.77$2.54
May 202400000$80.02$2.12
Apr 202400000$85.35$1.60
Mar 202400000$81.28$1.49
Feb 202400000$77.25$1.72
Jan 202400000$74.15$3.18
Dec 202300000$71.90$2.52
Nov 202300000$77.69$2.71
Oct 202300000$85.64$2.98
Sep 202300000$89.43$2.64
Aug 202300000$81.39$2.58
Jul 202300000$76.07$2.55
Jun 202300000$70.25$2.18
May 202300000$71.58$2.15
Apr 202300000$79.45$2.16
Mar 202300200$73.28$2.31
Feb 2023001286815$76.83$2.38
Jan 20233626483975930$78.12$3.27
Dec 202212741072267026$76.44$5.53
Nov 20226605645640$84.37$5.45

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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