Skip to content
Royalty Clerk

Texas oil lease

Producing

NEAL RANCH '44' B UNIT

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

1 well

8,372bbl oil, last 12 months−39% vs prior year
Operator
Cog Operating LLC
County
Upton County
Field
Spraberry (Trend Area)
RRC lease
7C-18865

Is your check right?

Check my statement

Where it sits

This county

Upton CountyUptonMidlandCraneGlasscockReaganEctorUpton County
Upton County
Gas, last 12 months
118,955 mcf
Oil in Jul 2026
648 bbl

Production by month

Oil output fell 39% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 39% over the last 12 monthsMonthly oil production and gas for NEAL RANCH '44' B UNIT, Aug 2023 to Jul 2026. Oil output fell 39% over the last 12 months. 8,372 bbl in the 12 months through Jul 2026, against 13,829 bbl in the 12 months before.Last 12 months: 8,372 bblbbl per monthmcf per month005005,0001,00010k1,50015k2,00020k2,50025kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 39% over the last 12 monthsMonthly oil production and gas for NEAL RANCH '44' B UNIT, Aug 2023 to Jul 2026. Oil output fell 39% over the last 12 months. 8,372 bbl in the 12 months through Jul 2026, against 13,829 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month005005,0001,00010k1,50015k2,00020k2,50025kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

Since Jul 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 Jul 2025 the lease's gas goes to a processing plant instead of lease fuelShare of NEAL RANCH '44' B UNIT gas by disposition code each month, Aug 2023 to Jul 2026. Since Jul 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%Jul 2025: fuel to plantFlared 13.5%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Jul 2025 the lease's gas goes to a processing plant instead of lease fuelShare of NEAL RANCH '44' B UNIT gas by disposition code each month, Aug 2023 to Jul 2026. Since Jul 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%Jul 25: fuel to plantFlared 13.5%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    98% · 127,613 mcf

  • Lease fuel (1)

    1.5% · 1,959 mcf

1 well on this lease

Wells on NEAL RANCH '44' B UNIT
API numberWell no.Status
42-461-3932731HActive

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

80 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 '44' B Unit
API numberWell no.Acreson the permit
42-461-3932731H80

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 UNIT
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 202664856117,01116,8440$80.46$2.89
Jun 202666481015,39915,2370$84.81$3.15
May 202679276114,52214,3540$102.13$2.94
Apr 202679780313,92013,7570$100.32$2.77
Mar 202678582612,45012,2810$91.38$3.04
Feb 20261,0631,08013,08512,9390$64.51$3.62
Jan 20261,4871,3969,6269,4580$60.04$7.72
Dec 20257104813,3783,2130$57.97$4.26
Nov 2025165000$60.06$3.79
Oct 2025090000$60.89$3.19
Sep 20253254144,4774,3160$63.96$2.97
Aug 20251,1001,11615,08714,9210$64.86$2.91
Jul 20251,5391,48910,45910,2930$68.39$3.20
Jun 2025434415800$68.17$3.02
May 202576172811,82411,6580$62.17$3.12
Apr 202578079212,16112,0020$63.54$3.42
Mar 20251,2201,26716,51516,3530$68.24$4.12
Feb 20251,2231,25113,93611,9131,877$71.53$4.19
Jan 20251,4561,47012,47712,3160$75.74$4.13
Dec 20241,2941,3719,1639,0040$70.12$3.01
Nov 20241,1691,1926,8486,7000$69.95$2.12
Oct 20241,2051,1515,9345,7780$71.99$2.20
Sep 20241,5451,5498,3858,2320$70.24$2.28
Aug 20241,5941,6488,7658,6020$76.68$1.99
Jul 20241,5091,4139,1418,9770$81.80$2.07
Jun 20241,2491,3298,7778,6320$79.77$2.54
May 20241,5481,526000$80.02$2.12
Apr 20241,7341,6767,9407,7930$85.35$1.60
Mar 20241,5341,4746,4936,3250$81.28$1.49
Feb 20242,0302,0696,8526,6980$77.25$1.72
Jan 20242,1352,1353,7623,6710$74.15$3.18
Dec 20232,2272,2192,1272,0770$71.90$2.52
Nov 20232,2432,0511,6071,5720$77.69$2.71
Oct 20233565201320$85.64$2.98
Sep 202381182271400$89.43$2.64
Aug 20235726642,3232,2900$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.

How to check your stub against this lease Checks stopped on this lease? See the likely reasons

Do your checks match this lease?

Check my statement

Nearby

This lease belongs to

OperatorCog Operating LLCFieldSpraberry (Trend Area)CountyUpton County

Cog Operating LLC in Upton County

All Cog Operating LLC leases →

Spraberry (Trend Area) field

All leases in this field →

Leases within 10 km

Drilling permits within 10 km