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Texas oil lease

Producing

NEAL RANCH "38" C

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

4 wells

4,366bbl oil, last 12 months−10% vs prior year
Operator
Cog Operating LLC
County
Upton County
Field
Spraberry (Trend Area)
RRC lease
7C-17312

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Where it sits

This county

Upton CountyUptonMidlandCraneGlasscockReaganEctorUpton County
Upton County
Gas, last 12 months
7,533 mcf
Oil in Jul 2026
349 bbl

Production by month

Oil output fell 10% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 10% over the last 12 monthsMonthly oil production and gas for NEAL RANCH "38" C, Aug 2023 to Jul 2026. Oil output fell 10% over the last 12 months. 4,366 bbl in the 12 months through Jul 2026, against 4,860 bbl in the 12 months before.Last 12 months: 4,366 bblbbl per monthmcf per month002001,0004002,0006003,0008004,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 10% over the last 12 monthsMonthly oil production and gas for NEAL RANCH "38" C, Aug 2023 to Jul 2026. Oil output fell 10% over the last 12 months. 4,366 bbl in the 12 months through Jul 2026, against 4,860 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002001,0004002,0006003,0008004,000Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

92% of the gas went to a processing plant in the last 12 months

  • Processing plant (3)
  • Lease fuel (1)
92% of the gas went to a processing plant in the last 12 monthsShare of NEAL RANCH "38" C gas by disposition code each month, Aug 2023 to Jul 2026. 92% 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
92% of the gas went to a processing plant in the last 12 monthsShare of NEAL RANCH "38" C gas by disposition code each month, Aug 2023 to Jul 2026. 92% 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)

    92% · 6,948 mcf

  • Lease fuel (1)

    7.8% · 585 mcf

4 wells on this lease

Wells on NEAL RANCH "38" C
API numberWell no.Status
42-461-367724Shut-in
42-461-370828Shut-in
42-461-3858112Active
42-461-3884816Active

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

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Permits for Neal Ranch "38" C
API numberWell no.Acreson the permit
42-461-3884816164.41
42-461-3858112164.41
42-461-370828164.41
42-461-367724164.41

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" C
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20263493434323820$80.46$2.89
Jun 20263793434924440$84.81$3.15
May 20263833314554050$102.13$2.94
Apr 20262683465464980$100.32$2.77
Mar 20263703176766260$91.38$3.04
Feb 20263143195384950$64.51$3.62
Jan 20263854376175670$60.04$7.72
Dec 20253784186706200$57.97$4.26
Nov 20253693727687200$60.06$3.79
Oct 20254063559999490$60.89$3.19
Sep 20253833589819330$63.96$2.97
Aug 20253826073593090$64.86$2.91
Jul 20254624348878370$68.39$3.20
Jun 20254543688968480$68.17$3.02
May 20253273771,0079570$62.17$3.12
Apr 20252922431,0841,0360$63.54$3.42
Mar 20254512182,6362,5860$68.24$4.12
Feb 20257359432,1702,1250$71.53$4.19
Jan 20254312169599090$75.74$4.13
Dec 20242314341,0449940$70.12$3.01
Nov 20242042531,2001,1520$69.95$2.12
Oct 20243071721,8061,7560$71.99$2.20
Sep 20245186092,4782,4300$70.24$2.28
Aug 20244484543,5503,5000$76.68$1.99
Jul 20245694963,9213,8710$81.80$2.07
Jun 20245054802,8492,8010$79.77$2.54
May 20245407302,4142,3640$80.02$2.12
Apr 20245152562,0552,0070$85.35$1.60
Mar 20246587561,8171,7670$81.28$1.49
Feb 20245147611,8791,8330$77.25$1.72
Jan 20245904518077570$74.15$3.18
Dec 20236105488648400$71.90$2.52
Nov 20236054701,5391,5390$77.69$2.71
Oct 20235614801,5081,5080$85.64$2.98
Sep 20237008081,5661,5660$89.43$2.64
Aug 20234645401,7771,7770$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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