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Texas oil lease

Producing

NEAL RANCH '56' UNIT

Neal Ranch '56' Unit is an oil lease in Upton County, Texas, operated by Cog Operating LLC in the Spraberry (Trend Area) field.

1 well

10,109bbl oil, last 12 months−43% vs prior year
Operator
Cog Operating LLC
County
Upton County
Field
Spraberry (Trend Area)
RRC lease
7C-19030

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Where it sits

This county

Upton CountyUptonMidlandCraneGlasscockReaganEctorUpton County
Upton County
Gas, last 12 months
12,425 mcf
Oil in Jul 2026
1,008 bbl

Production by month

Oil output fell 43% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 43% over the last 12 monthsMonthly oil production and gas for NEAL RANCH '56' UNIT, Aug 2023 to Jul 2026. Oil output fell 43% over the last 12 months. 10,109 bbl in the 12 months through Jul 2026, against 17,751 bbl in the 12 months before.Last 12 months: 10,109 bblbbl per monthmcf per month005002,0001,0004,0001,5006,0002,0008,0002,50010kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 43% over the last 12 monthsMonthly oil production and gas for NEAL RANCH '56' UNIT, Aug 2023 to Jul 2026. Oil output fell 43% over the last 12 months. 10,109 bbl in the 12 months through Jul 2026, against 17,751 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month005002,0001,0004,0001,5006,0002,0008,0002,50010kJan 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 5.4% 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 '56' UNIT 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 5.4% of the gas in Nov 2025.Share of the lease’s gas by disposition code, per month0%50%100%Flared 5.4%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
98% of the gas went to a processing plant in the last 12 monthsShare of NEAL RANCH '56' UNIT 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 5.4% of the gas in Nov 2025.Share of gas by disposition code0%50%100%Flared 5.4%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    98% · 12,175 mcf

  • Lease fuel (1)

    1.6% · 199 mcf

  • Flared (4)

    0.4% · 51 mcf

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

1 well on this lease

Wells on NEAL RANCH '56' UNIT
API numberWell no.Status
42-461-3985118HActive

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 '56' Unit
API numberWell no.Acreson the permit
42-461-3985118H80

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 '56' UNIT
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20261,0081,0149319170$80.46$2.89
Jun 20269719017867730$84.81$3.15
May 20267908159919760$102.13$2.94
Apr 20268428701,1171,1010$100.32$2.77
Mar 20269349428368170$91.38$3.04
Feb 20261,0441,0511,1771,1600$64.51$3.62
Jan 20269668968218050$60.04$7.72
Dec 20257397469128950$57.97$4.26
Nov 202584683595188451$60.06$3.79
Oct 20257647114244170$60.89$3.19
Sep 20252533153513440$63.96$2.97
Aug 20259529593,1283,0860$64.86$2.91
Jul 20256296443,6713,6210$68.39$3.20
Jun 20251,0411,0577,9637,649258$68.17$3.02
May 20251,2901,2407,1887,1290$62.17$3.12
Apr 20251,0531,1558,6618,6030$63.54$3.42
Mar 20252,0062,0439,3099,2580$68.24$4.12
Feb 20251,6011,5765,9495,9110$71.53$4.19
Jan 20252,1992,2245,8175,7830$75.74$4.13
Dec 20242,3472,2552,8292,8070$70.12$3.01
Nov 20241,9611,9192,5652,5370$69.95$2.12
Oct 20241,1601,1292,3012,2720$71.99$2.20
Sep 20241,1091,1293,6233,5890$70.24$2.28
Aug 20241,3551,3211,6921,6750$76.68$1.99
Jul 20249128967917830$81.80$2.07
Jun 20246747157387310$79.77$2.54
May 20241,1391,145000$80.02$2.12
Apr 20241,0711,0507807710$85.35$1.60
Mar 20241,1461,1841,1431,1310$81.28$1.49
Feb 20241,3161,2973433370$77.25$1.72
Jan 20241,1761,1372,0221,9820$74.15$3.18
Dec 20236816812,9282,9070$71.90$2.52
Nov 20235475201,3411,3410$77.69$2.71
Oct 20238819085795790$85.64$2.98
Sep 20237577606496490$89.43$2.64
Aug 20239109081,4081,4080$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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