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Producing

NEAL RANCH 38 C UNIT

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

2 wells

33,110bbl oil, last 12 months+44% vs prior year
Operator
Cog Operating LLC
County
Upton County
Field
Spraberry (Trend Area)
RRC lease
7C-19821

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Where it sits

This county

Upton CountyUptonMidlandCraneGlasscockReaganEctorUpton County
Upton County
Gas, last 12 months
408,702 mcf
Oil in Jul 2026
2,213 bbl

Production by month

Oil output rose 44% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output rose 44% over the last 12 monthsMonthly oil production and gas for NEAL RANCH 38 C UNIT, Aug 2023 to Jul 2026. Oil output rose 44% over the last 12 months. 33,110 bbl in the 12 months through Jul 2026, against 23,036 bbl in the 12 months before.Last 12 months: 33,110 bblbbl per monthmcf per month001,00010k2,00020k3,00030k4,00040k5,00050kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output rose 44% over the last 12 monthsMonthly oil production and gas for NEAL RANCH 38 C UNIT, Aug 2023 to Jul 2026. Oil output rose 44% over the last 12 months. 33,110 bbl in the 12 months through Jul 2026, against 23,036 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month001,00010k2,00020k3,00030k4,00040k5,00050kJan 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 C 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 C 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% · 397,555 mcf

  • Lease fuel (1)

    2.7% · 11,147 mcf

2 wells on this lease

Wells on NEAL RANCH 38 C UNIT
API numberWell no.Status
42-461-402533802BHActive
42-461-402583801BHActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%From
Enlink Crude Marketing, LLCOilGathers100Sep 2, 2017
Dcp Operating Company, LPCasinghead gasBuys100Sep 2, 2017
Dcp Operating Company, LPCasinghead gasGathers100Sep 2, 2017

SourceRailroad Commission Form P-4 file, Sep 24, 2026 (source).

Who buys my oilOil price check

160 acres on the newest permit

  • 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 38 C Unit
API numberWell no.Acreson the permit
42-461-402583801BH160
42-461-402533802BH160

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 UNIT
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20262,2132,29339,71538,7290$80.46$2.89
Jun 20261,8351,98338,30037,3510$84.81$3.15
May 20262,2462,12834,46833,5900$102.13$2.94
Apr 20262,7432,71735,35434,5230$100.32$2.77
Mar 20263,1583,18340,02339,0920$91.38$3.04
Feb 20262,6982,58733,12032,3100$64.51$3.62
Jan 20262,6982,77834,18333,2660$60.04$7.72
Dec 20252,9353,07835,60634,6920$57.97$4.26
Nov 20253,2333,13635,56734,5020$60.06$3.79
Oct 20253,2903,42535,70934,6080$60.89$3.19
Sep 20253,1673,03330,46129,3960$63.96$2.97
Aug 20252,8942,91616,19615,4960$64.86$2.91
Jul 20251,7012,01918,58717,4860$68.39$3.20
Jun 20251,3701,28515,14314,1580$68.17$3.02
May 20252,0451,96814,22013,5250$62.17$3.12
Apr 20251,6451,56712,47611,8130$63.54$3.42
Mar 202596279910,1979,6480$68.24$4.12
Feb 202512828018,32217,4290$71.53$4.19
Jan 20251,2831,21725,38624,3750$75.74$4.13
Dec 20242,2442,46833,05832,1860$70.12$3.01
Nov 20242,9942,93641,89041,0190$69.95$2.12
Oct 20242,7702,77741,52440,151482$71.99$2.20
Sep 20242,9912,88139,18438,3640$70.24$2.28
Aug 20242,9032,91036,55035,7110$76.68$1.99
Jul 20242,9732,80944,48843,4000$81.80$2.07
Jun 20242,8302,96044,14043,1290$79.77$2.54
May 20243,0552,94839,16838,2590$80.02$2.12
Apr 20242,5502,53527,29126,4760$85.35$1.60
Mar 20243,0233,18834,91834,0460$81.28$1.49
Feb 20243,3213,34534,04633,2380$77.25$1.72
Jan 20241,5541,47723,85822,8660$74.15$3.18
Dec 20231,5851,68123,96122,9380$71.90$2.52
Nov 20232,7632,66237,17936,0930$77.69$2.71
Oct 20232,9702,89538,14737,0280$85.64$2.98
Sep 20232,5642,63536,54135,4760$89.43$2.64
Aug 20232,7452,51630,62929,6240$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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