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Texas oil lease

Producing

NEAL RANCH "76" A

Neal Ranch "76" A is an oil lease in Upton County, Texas, operated by Cog Operating LLC in the Spraberry (Trend Area) field.

7 wells

4,177bbl oil, last 12 months−40% vs prior year
RRC lease
7C-17367

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Where it sits

This county

Upton CountyUptonMidlandCraneGlasscockReaganEctorUpton County
Upton County
Gas, last 12 months
6,741 mcf
Oil in Jul 2026
284 bbl

Production by month

Oil output fell 40% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 40% over the last 12 monthsMonthly oil production and gas for NEAL RANCH "76" A, Aug 2023 to Jul 2026. Oil output fell 40% over the last 12 months. 4,177 bbl in the 12 months through Jul 2026, against 7,005 bbl in the 12 months before.Last 12 months: 4,177 bblbbl per monthmcf per month002005004001,0006001,5008002,0001,0002,500Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 40% over the last 12 monthsMonthly oil production and gas for NEAL RANCH "76" A, Aug 2023 to Jul 2026. Oil output fell 40% over the last 12 months. 4,177 bbl in the 12 months through Jul 2026, against 7,005 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002005004001,0006001,5008002,0001,0002,500Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

Since Jul 2026 the lease's gas goes to a processing plant instead of lease fuel

Flaring peaked at 4.7% of the gas in Nov 2025.

  • Processing plant (3)
  • Lease fuel (1)
  • Flared (4)
Since Jul 2026 the lease's gas goes to a processing plant instead of lease fuelShare of NEAL RANCH "76" A gas by disposition code each month, Aug 2023 to Jul 2026. Since Jul 2026 the lease's gas goes to a processing plant instead of lease fuel. Flaring peaked at 4.7% of the gas in Nov 2025.Share of the lease’s gas by disposition code, per month0%50%100%Jul 2026: fuel to plantFlared 4.7%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Jul 2026 the lease's gas goes to a processing plant instead of lease fuelShare of NEAL RANCH "76" A gas by disposition code each month, Aug 2023 to Jul 2026. Since Jul 2026 the lease's gas goes to a processing plant instead of lease fuel. Flaring peaked at 4.7% of the gas in Nov 2025.Share of gas by disposition code0%50%100%Jul 26: fuel to plantFlared 4.7%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    87% · 5,864 mcf

  • Lease fuel (1)

    12% · 835 mcf

  • Flared (4)

    0.6% · 42 mcf

0.6% of the gas flared in the last 12 months. One month above 3%.

7 wells on this lease

Wells on NEAL RANCH "76" A
API numberWell no.Status
42-461-3685314Active
42-461-3700416Active
42-461-3715010Active
42-461-3750212Active
42-461-384672Shut-in
42-461-385356Active
42-461-387394Active

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).

321.65 acres on the newest permit

  • Good to know

    7 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.

  • 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 "76" A
API numberWell no.Acreson the permit
42-461-387394321.65
42-461-385356321.65
42-461-384672321.65
42-461-3750212321.65
42-461-3715010321.65
42-461-3700416321.65
42-461-3685314321.65

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 "76" A
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20262843793572860$80.46$2.89
Jun 202625819887180$84.81$3.15
May 2026277408123520$102.13$2.94
Apr 2026272170115460$100.32$2.77
Mar 2026255177168970$91.38$3.04
Feb 2026236402113510$64.51$3.62
Jan 20263371723903190$60.04$7.72
Dec 20253833956365650$57.97$4.26
Nov 202540542588677542$60.06$3.79
Oct 20254886131,2071,1360$60.89$3.19
Sep 20254674271,2191,1500$63.96$2.97
Aug 20255156221,4401,3690$64.86$2.91
Jul 20255704841,3701,2990$68.39$3.20
Jun 20254894441,4671,38018$68.17$3.02
May 20258026362,0491,9780$62.17$3.12
Apr 20254066428637940$63.54$3.42
Mar 20257698961,2081,1370$68.24$4.12
Feb 20254961901,1961,1320$71.53$4.19
Jan 20253823551,3251,2540$75.74$4.13
Dec 20244666221,4661,3950$70.12$3.01
Nov 20246356461,6151,5460$69.95$2.12
Oct 20245164441,5841,5130$71.99$2.20
Sep 20247168771,7751,7060$70.24$2.28
Aug 20247586971,7821,7110$76.68$1.99
Jul 20244354261,6061,5350$81.80$2.07
Jun 20247067321,9961,9270$79.77$2.54
May 2024682761000$80.02$2.12
Apr 20246644751,9821,9130$85.35$1.60
Mar 20247981,0312,1262,0550$81.28$1.49
Feb 20246877141,8881,8210$77.25$1.72
Jan 20248818792,1132,0420$74.15$3.18
Dec 20238646941,9941,9230$71.90$2.52
Nov 20238228951,8311,7620$77.69$2.71
Oct 20237185291,9401,8690$85.64$2.98
Sep 20236956482,0031,9340$89.43$2.64
Aug 20238681,0642,4062,3350$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

Cog Operating LLC in Upton County

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Spraberry (Trend Area) field

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