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Texas oil lease

Producing

NEAL RANCH 41 UNIT

Neal Ranch 41 Unit is an oil lease in Upton County, Texas, operated by Cog Operating LLC in the Spraberry (Trend Area) field.

2 wells

60,356bbl oil, last 12 months−28% vs prior year
RRC lease
7C-21371

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Where it sits

This county

Upton CountyUptonMidlandCraneGlasscockReaganEctorUpton County
Upton County
Gas, last 12 months
337,639 mcf
Oil in Jul 2026
5,350 bbl

Production by month

Oil output fell 28% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 28% over the last 12 monthsMonthly oil production and gas for NEAL RANCH 41 UNIT, Aug 2023 to Jul 2026. Oil output fell 28% over the last 12 months. 60,356 bbl in the 12 months through Jul 2026, against 83,272 bbl in the 12 months before.Last 12 months: 60,356 bblbbl per monthmcf per month005,00010k10k20k15k30k20k40k25k50kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 28% over the last 12 monthsMonthly oil production and gas for NEAL RANCH 41 UNIT, Aug 2023 to Jul 2026. Oil output fell 28% over the last 12 months. 60,356 bbl in the 12 months through Jul 2026, against 83,272 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month005,00010k10k20k15k30k20k40k25k50kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

93% of the gas went to a processing plant in the last 12 months

  • Processing plant (3)
  • Lease fuel (1)
  • Flared (4)
93% of the gas went to a processing plant in the last 12 monthsShare of NEAL RANCH 41 UNIT gas by disposition code each month, Aug 2023 to Jul 2026. 93% 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
93% of the gas went to a processing plant in the last 12 monthsShare of NEAL RANCH 41 UNIT gas by disposition code each month, Aug 2023 to Jul 2026. 93% 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)

    93% · 315,608 mcf

  • Lease fuel (1)

    6.4% · 21,461 mcf

  • Flared (4)

    0.2% · 570 mcf

0.2% of the gas flared in the last 12 months. No month above 3%.

2 wells on this lease

Wells on NEAL RANCH 41 UNIT
API numberWell no.Status
42-461-415934101LHActive
42-461-415944101BHActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%From
Enlink Crude Marketing, LLCOilGathers100Jan 30, 2021
Dcp Operating Company, LPCasinghead gasBuys100Jan 30, 2021
Dcp Operating Company, LPCasinghead gasGathers100Jan 30, 2021

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

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 41 Unit
API numberWell no.Acreson the permit
42-461-415934101LH160
42-461-415944101BH160

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

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 41 UNIT
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20265,3505,38135,56733,6230$80.46$2.89
Jun 20265,1625,14336,28834,2511$84.81$3.15
May 20265,0215,02936,47134,3470$102.13$2.94
Apr 20264,9434,92635,66033,5190$100.32$2.77
Mar 20265,5085,57035,20632,9030$91.38$3.04
Feb 20265,1025,09124,25521,976326$64.51$3.62
Jan 20265,4795,47026,23823,979243$60.04$7.72
Dec 20256,4746,50526,58924,8640$57.97$4.26
Nov 20256,6486,57820,19618,8840$60.06$3.79
Oct 20254,3644,35321,30019,9500$60.89$3.19
Sep 20253,0863,07320,34719,0250$63.96$2.97
Aug 20253,2193,25519,52218,2870$64.86$2.91
Jul 20256,2706,26730,60628,9820$68.39$3.20
Jun 20256,0036,04028,38326,8240$68.17$3.02
May 20256,8346,86732,28230,5030$62.17$3.12
Apr 20256,5746,54429,19527,8070$63.54$3.42
Mar 20256,5116,47031,67330,3530$68.24$4.12
Feb 20256,2936,31329,91228,7560$71.53$4.19
Jan 20257,8047,76337,89636,4380$75.74$4.13
Dec 20243,8353,88935,83734,5130$70.12$3.01
Nov 20247,7657,77741,01839,6550$69.95$2.12
Oct 20247,1367,14539,43337,660395$71.99$2.20
Sep 20247,2017,19539,35238,0350$70.24$2.28
Aug 202411,04610,99632,49931,3590$76.68$1.99
Jul 20244,8694,92228,94427,8570$81.80$2.07
Jun 20247,2777,27933,59632,3860$79.77$2.54
May 20247,5177,47829,47428,4570$80.02$2.12
Apr 20248,2878,31137,10035,7380$85.35$1.60
Mar 20248,9668,90234,98533,6270$81.28$1.49
Feb 20249,3069,37531,10429,8610$77.25$1.72
Jan 20249,6319,61530,37529,1160$74.15$3.18
Dec 202311,02311,07232,00930,9940$71.90$2.52
Nov 202312,80512,92834,19533,1600$77.69$2.71
Oct 202314,00813,78726,71425,8480$85.64$2.98
Sep 20236,6456,64216,41815,8280$89.43$2.64
Aug 20235,8305,90227,18226,3510$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

Cog Operating LLC in Upton County

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Spraberry (Trend Area) field

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