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Producing

NEAL RANCH '38' B UNIT

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

1 well

6,466bbl oil, last 12 months+49% vs prior year
Operator
Cog Operating LLC
County
Upton County
Field
Spraberry (Trend Area)
RRC lease
7C-18977

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Where it sits

This county

Upton CountyUptonMidlandCraneGlasscockReaganEctorUpton County
Upton County
Gas, last 12 months
64,754 mcf
Oil in Jul 2026
626 bbl

Production by month

Oil output rose 49% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output rose 49% over the last 12 monthsMonthly oil production and gas for NEAL RANCH '38' B UNIT, Aug 2023 to Jul 2026. Oil output rose 49% over the last 12 months. 6,466 bbl in the 12 months through Jul 2026, against 4,338 bbl in the 12 months before.Last 12 months: 6,466 bblbbl per monthmcf per month005005,0001,00010k1,50015k2,00020kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output rose 49% over the last 12 monthsMonthly oil production and gas for NEAL RANCH '38' B UNIT, Aug 2023 to Jul 2026. Oil output rose 49% over the last 12 months. 6,466 bbl in the 12 months through Jul 2026, against 4,338 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month005005,0001,00010k1,50015k2,00020kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

97% of the gas went to a processing plant in the last 12 months

  • Processing plant (3)
  • Lease fuel (1)
  • Flared (4)
97% of the gas went to a processing plant in the last 12 monthsShare of NEAL RANCH '38' B UNIT gas by disposition code each month, Aug 2023 to Jul 2026. 97% 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
97% of the gas went to a processing plant in the last 12 monthsShare of NEAL RANCH '38' B UNIT gas by disposition code each month, Aug 2023 to Jul 2026. 97% 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)

    97% · 79,181 mcf

  • Lease fuel (1)

    3.3% · 2,664 mcf

1 well on this lease

Wells on NEAL RANCH '38' B UNIT
API numberWell no.Status
42-461-3984131HActive

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

80 acres on the newest permit

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Permits for Neal Ranch '38' B Unit
API numberWell no.Acreson the permit
42-461-3984131H80

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

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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 UNIT
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20266266414,6314,5160$80.46$2.89
Jun 20264865364,6644,5480$84.81$3.15
May 20266365758,7198,4970$102.13$2.94
Apr 20266216099,9729,7380$100.32$2.77
Mar 20266727117,2917,1210$91.38$3.04
Feb 20267627646,0665,9180$64.51$3.62
Jan 20261,0071,0816,8456,6610$60.04$7.72
Dec 20251,3801,1687,2887,1010$57.97$4.26
Nov 202500000$60.06$3.79
Oct 202500000$60.89$3.19
Sep 2025047000$63.96$2.97
Aug 20252762299,2788,8770$64.86$2.91
Jul 2025011000$68.39$3.20
Jun 2025181941,2361,1560$68.17$3.02
May 20255085098,2827,8770$62.17$3.12
Apr 20254584787,5737,1710$63.54$3.42
Mar 202533626810,2479,6950$68.24$4.12
Feb 202561731,3471,2810$71.53$4.19
Jan 20253332752,2532,1630$75.74$4.13
Dec 20244064698,6548,4260$70.12$3.01
Nov 20246326239,3139,1190$69.95$2.12
Oct 20245975759,7629,440113$71.99$2.20
Sep 202454550811,71611,4710$70.24$2.28
Aug 202444446711,41911,1570$76.68$1.99
Jul 20245665374954830$81.80$2.07
Jun 20245536092,3512,2970$79.77$2.54
May 20247667418,2368,0450$80.02$2.12
Apr 20246485998,3808,1300$85.35$1.60
Mar 20244555179,1558,9260$81.28$1.49
Feb 20247067069,3229,1010$77.25$1.72
Jan 20243173152,6022,4940$74.15$3.18
Dec 20233634007,5747,2500$71.90$2.52
Nov 202369769714,19113,7770$77.69$2.71
Oct 202389086914,69014,2590$85.64$2.98
Sep 202377478814,91414,4790$89.43$2.64
Aug 202379485816,59916,0540$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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