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Texas oil lease

Producing

NEAL RANCH "42"

Neal Ranch "42" is an oil lease in Upton County, Texas, operated by Cog Operating LLC in the Spraberry (Trend Area) field.

8 wells

10,367bbl oil, last 12 months−20% vs prior year
Operator
Cog Operating LLC
County
Upton County
Field
Spraberry (Trend Area)
RRC lease
7C-17388

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Where it sits

This county

Upton CountyUptonMidlandCraneGlasscockReaganEctorUpton County
Upton County
Gas, last 12 months
44,477 mcf
Oil in Jul 2026
734 bbl

Production by month

Oil output fell 20% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 20% over the last 12 monthsMonthly oil production and gas for NEAL RANCH "42", Aug 2023 to Jul 2026. Oil output fell 20% over the last 12 months. 10,367 bbl in the 12 months through Jul 2026, against 12,926 bbl in the 12 months before.Last 12 months: 10,367 bblbbl per monthmcf per month005001,0001,0002,0001,5003,0002,0004,0002,5005,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 20% over the last 12 monthsMonthly oil production and gas for NEAL RANCH "42", Aug 2023 to Jul 2026. Oil output fell 20% over the last 12 months. 10,367 bbl in the 12 months through Jul 2026, against 12,926 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month005001,0001,0002,0001,5003,0002,0004,0002,5005,000Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

98% of the gas went to a processing plant in the last 12 months

Flaring peaked at 5.2% of the gas in Nov 2025.

  • Processing plant (3)
  • Lease fuel (1)
  • Flared (4)
98% of the gas went to a processing plant in the last 12 monthsShare of NEAL RANCH "42" gas by disposition code each month, Aug 2023 to Jul 2026. 98% of the gas went to a processing plant in the last 12 months. Flaring peaked at 5.2% of the gas in Nov 2025.Share of the lease’s gas by disposition code, per month0%50%100%Flared 5.2%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
98% of the gas went to a processing plant in the last 12 monthsShare of NEAL RANCH "42" gas by disposition code each month, Aug 2023 to Jul 2026. 98% of the gas went to a processing plant in the last 12 months. Flaring peaked at 5.2% of the gas in Nov 2025.Share of gas by disposition code0%50%100%Flared 5.2%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    98% · 43,467 mcf

  • Lease fuel (1)

    1.9% · 835 mcf

  • Flared (4)

    0.4% · 175 mcf

0.4% of the gas flared in the last 12 months. 2 months above 3%.

8 wells on this lease

Wells on NEAL RANCH "42"
API numberWell no.Status
42-461-368011Active
42-461-369002Shut-in
42-461-370055Active
42-461-375256Shut-in
42-461-3849010Active
42-461-3886214Active
42-461-389249Active
42-461-3912313Active

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

326.56 acres on the newest permit

  • Good to know

    8 wells are listed on this lease

    Each well can have its own unit. The decimal for one well does not have to equal the decimal for another.

Check your decimal on this lease
Permits for Neal Ranch "42"
API numberWell no.Acreson the permit
42-461-3912313326.56
42-461-389249326.56
42-461-3886214326.56
42-461-3849010326.56
42-461-375256326.56
42-461-370055326.56
42-461-369002326.56
42-461-368011326.56

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 "42"
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20267347434,1254,0540$80.46$2.89
Jun 20266956173,9563,8870$84.81$3.15
May 20268568833,9243,8530$102.13$2.94
Apr 20269268863,9063,8370$100.32$2.77
Mar 20268318623,5323,4610$91.38$3.04
Feb 20269651,1243,8213,7590$64.51$3.62
Jan 20269208464,0043,9330$60.04$7.72
Dec 20259409013,5713,5000$57.97$4.26
Nov 20258869653,3473,103175$60.06$3.79
Oct 20258928023,4643,3930$60.89$3.19
Sep 20258568383,3683,2990$63.96$2.97
Aug 20258668413,4593,3880$64.86$2.91
Jul 20258779503,4023,3310$68.39$3.20
Jun 20259528713,2223,034119$68.17$3.02
May 20251,2011,2913,1353,0640$62.17$3.12
Apr 20251,2971,3603,1083,0390$63.54$3.42
Mar 20251,3001,2143,7353,6640$68.24$4.12
Feb 20259609392,6322,5680$71.53$4.19
Jan 20258868892,6472,5760$75.74$4.13
Dec 20241,1541,1873,0612,9900$70.12$3.01
Nov 20241,4351,4192,9902,9210$69.95$2.12
Oct 20247797462,1552,0840$71.99$2.20
Sep 20248869422,4892,4200$70.24$2.28
Aug 20241,1991,1583,1383,0670$76.68$1.99
Jul 20241,2151,2853,1353,0640$81.80$2.07
Jun 20241,2021,1742,9572,8880$79.77$2.54
May 20241,4771,492000$80.02$2.12
Apr 20241,1821,1821,9881,9190$85.35$1.60
Mar 20241,0611,0842,3212,2500$81.28$1.49
Feb 20241,2211,1482,4072,3400$77.25$1.72
Jan 20241,4131,3862,3252,2540$74.15$3.18
Dec 20231,4711,5712,1922,1600$71.90$2.52
Nov 20231,3301,2301,7181,7180$77.69$2.71
Oct 20231,2431,2701,4461,4460$85.64$2.98
Sep 20231,2431,1991,1631,1630$89.43$2.64
Aug 20231,1261,2811,5181,5180$81.39$2.58

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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