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Texas oil lease

Producing

NEAL RANCH "44" B

Neal Ranch "44" B is an oil lease in Upton County, Texas, operated by Cog Operating LLC in the Spraberry (Trend Area) field.

3 wells

1,879bbl oil, last 12 months+3% vs prior year
Operator
Cog Operating LLC
County
Upton County
Field
Spraberry (Trend Area)
RRC lease
7C-17243

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Where it sits

This county

Upton CountyUptonMidlandCraneGlasscockReaganEctorUpton County
Upton County
Gas, last 12 months
2,392 mcf
Oil in Jul 2026
194 bbl

Production by month

Oil output held steady over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output held steady over the last 12 monthsMonthly oil production and gas for NEAL RANCH "44" B, Aug 2023 to Jul 2026. Oil output held steady over the last 12 months. 1,879 bbl in the 12 months through Jul 2026, against 1,833 bbl in the 12 months before.Last 12 months: 1,879 bblbbl per monthmcf per month002001,0004002,0006003,0008004,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output held steady over the last 12 monthsMonthly oil production and gas for NEAL RANCH "44" B, Aug 2023 to Jul 2026. Oil output held steady over the last 12 months. 1,879 bbl in the 12 months through Jul 2026, against 1,833 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

Since Dec 2025 the lease's gas goes to a processing plant instead of lease fuel

Flaring peaked at 13.5% of the gas in Feb 2025.

  • Processing plant (3)
  • Lease fuel (1)
  • Flared (4)
Since Dec 2025 the lease's gas goes to a processing plant instead of lease fuelShare of NEAL RANCH "44" B gas by disposition code each month, Aug 2023 to Jul 2026. Since Dec 2025 the lease's gas goes to a processing plant instead of lease fuel. Flaring peaked at 13.5% of the gas in Feb 2025.Share of the lease’s gas by disposition code, per month0%50%100%Dec 2025: fuel to plantFlared 13.5%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Dec 2025 the lease's gas goes to a processing plant instead of lease fuelShare of NEAL RANCH "44" B gas by disposition code each month, Aug 2023 to Jul 2026. Since Dec 2025 the lease's gas goes to a processing plant instead of lease fuel. Flaring peaked at 13.5% of the gas in Feb 2025.Share of gas by disposition code0%50%100%Dec 25: fuel to plantFlared 13.5%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    85% · 2,026 mcf

  • Lease fuel (1)

    15% · 366 mcf

3 wells on this lease

Wells on NEAL RANCH "44" B
API numberWell no.Status
42-461-3667411Active
42-461-374143Shut-in
42-461-377147Shut-in

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

162.50 acres on the newest permit

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Permits for Neal Ranch "44" B
API numberWell no.Acreson the permit
42-461-377147162.50
42-461-374143162.50
42-461-3667411162.50

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 "44" B
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20261941483103070$80.46$2.89
Jun 20261281402522490$84.81$3.15
May 20261141281831810$102.13$2.94
Apr 20261631492102080$100.32$2.77
Mar 20261211301021010$91.38$3.04
Feb 20261731541981960$64.51$3.62
Jan 20261552901561530$60.04$7.72
Dec 2025445425102970$57.97$4.26
Nov 2025879416720$60.06$3.79
Oct 20251213217100$60.89$3.19
Sep 202511561100960$63.96$2.97
Aug 202563574414360$64.86$2.91
Jul 202554712982930$68.39$3.20
Jun 202555700$68.17$3.02
May 2025831013533480$62.17$3.12
Apr 20251611724484420$63.54$3.42
Mar 20252962939189090$68.24$4.12
Feb 2025233219764653103$71.53$4.19
Jan 20251881857687580$75.74$4.13
Dec 20241491826786660$70.12$3.01
Nov 20242041877717540$69.95$2.12
Oct 20241501385625470$71.99$2.20
Sep 20241731646346220$70.24$2.28
Aug 20241371504164080$76.68$1.99
Jul 20241592023693620$81.80$2.07
Jun 20243303331,1851,1650$79.77$2.54
May 2024341290000$80.02$2.12
Apr 20241782209499310$85.35$1.60
Mar 20243813211041010$81.28$1.49
Feb 20241661662612550$77.25$1.72
Jan 20241531563,3213,2410$74.15$3.18
Dec 20231812062,1212,0710$71.90$2.52
Nov 20233735163123050$77.69$2.71
Oct 20236205133960$85.64$2.98
Sep 202325424325140$89.43$2.64
Aug 20231501406946840$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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