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Texas oil lease

Producing

NEAL RANCH '57' UNIT

Neal Ranch '57' Unit is an oil lease in Upton County, Texas, operated by Cog Operating LLC in the Spraberry (Trend Area) field.

1 well

16,024bbl oil, last 12 months+42% vs prior year
RRC lease
7C-18818

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Where it sits

This county

Upton CountyUptonMidlandCraneGlasscockReaganEctorUpton County
Upton County
Gas, last 12 months
13,129 mcf
Oil in Jul 2026
948 bbl

Production by month

Oil output rose 42% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output rose 42% over the last 12 monthsMonthly oil production and gas for NEAL RANCH '57' UNIT, Aug 2023 to Jul 2026. Oil output rose 42% over the last 12 months. 16,024 bbl in the 12 months through Jul 2026, against 11,309 bbl in the 12 months before.Last 12 months: 16,024 bblbbl per monthmcf per month005001,0001,0002,0001,5003,0002,0004,0002,5005,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output rose 42% over the last 12 monthsMonthly oil production and gas for NEAL RANCH '57' UNIT, Aug 2023 to Jul 2026. Oil output rose 42% over the last 12 months. 16,024 bbl in the 12 months through Jul 2026, against 11,309 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

Since Nov 2023 the lease's gas goes to a processing plant instead of lease fuel

  • Processing plant (3)
  • Lease fuel (1)
  • Flared (4)
Since Nov 2023 the lease's gas goes to a processing plant instead of lease fuelShare of NEAL RANCH '57' UNIT gas by disposition code each month, Aug 2023 to Jul 2026. Since Nov 2023 the lease's gas goes to a processing plant instead of lease fuel.Share of the lease’s gas by disposition code, per month0%50%100%Nov 2023: fuel to plantOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Nov 2023 the lease's gas goes to a processing plant instead of lease fuelShare of NEAL RANCH '57' UNIT gas by disposition code each month, Aug 2023 to Jul 2026. Since Nov 2023 the lease's gas goes to a processing plant instead of lease fuel.Share of gas by disposition code0%50%100%Nov 23: fuel to plantJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    96% · 12,614 mcf

  • Lease fuel (1)

    3.9% · 515 mcf

1 well on this lease

Wells on NEAL RANCH '57' UNIT
API numberWell no.Status
42-461-3922432HActive

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).

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 '57' Unit
API numberWell no.Acreson the permit
42-461-3922432H80

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 '57' UNIT
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20269481,0811,1651,1300$80.46$2.89
Jun 20261,8431,7091,9311,8750$84.81$3.15
May 20261,0851,0077447220$102.13$2.94
Apr 20266446914013890$100.32$2.77
Mar 20261,4901,5439098790$91.38$3.04
Feb 20261,7311,6921,4271,3830$64.51$3.62
Jan 20261,6851,5951,2111,1690$60.04$7.72
Dec 202519434486830$57.97$4.26
Nov 20251,7361,7021,8501,7720$60.06$3.79
Oct 20251,4621,4881,2861,2250$60.89$3.19
Sep 20251,6341,5901,0681,0070$63.96$2.97
Aug 20251,5721,5691,0519800$64.86$2.91
Jul 20258457414884530$68.39$3.20
Jun 202564187440$68.17$3.02
May 20251,5511,5243092990$62.17$3.12
Apr 20251,4521,4842952840$63.54$3.42
Mar 20251,7271,6618798420$68.24$4.12
Feb 20251,0821,0701971870$71.53$4.19
Jan 2025791784000$75.74$4.13
Dec 20247347581611500$70.12$3.01
Nov 20249109073,2243,0160$69.95$2.12
Oct 20247607524,2713,95637$71.99$2.20
Sep 20247057051,0059390$70.24$2.28
Aug 20246886793,0462,8260$76.68$1.99
Jul 20246586374,1103,7500$81.80$2.07
Jun 20244184423,2922,9890$79.77$2.54
May 2024755764000$80.02$2.12
Apr 20249008642,8322,5150$85.35$1.60
Mar 20248088063,3082,9310$81.28$1.49
Feb 20247327156475620$77.25$1.72
Jan 20243785232,5152,1020$74.15$3.18
Dec 20231,9771,9302,0401,7800$71.90$2.52
Nov 20231,5961,7475043140$77.69$2.71
Oct 20231,1531,019254560$85.64$2.98
Sep 20238018100$89.43$2.64
Aug 20239779713,6953,5120$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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