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Texas oil lease

Producing

NEAL RANCH "77"

Neal Ranch "77" is an oil lease in Upton County, Texas, operated by Cog Operating LLC in the Spraberry (Trend Area) field.

5 wells

3,102bbl oil, last 12 months−14% vs prior year
Operator
Cog Operating LLC
County
Upton County
Field
Spraberry (Trend Area)
RRC lease
7C-16506

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Where it sits

This county

Upton CountyUptonMidlandCraneGlasscockReaganEctorUpton County
Upton County
Gas, last 12 months
8,178 mcf
Oil in Jul 2026
182 bbl

Production by month

Oil output fell 14% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 14% over the last 12 monthsMonthly oil production and gas for NEAL RANCH "77", Aug 2023 to Jul 2026. Oil output fell 14% over the last 12 months. 3,102 bbl in the 12 months through Jul 2026, against 3,613 bbl in the 12 months before.Last 12 months: 3,102 bblbbl per monthmcf per month001002502005003007504001,0005001,250Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 14% over the last 12 monthsMonthly oil production and gas for NEAL RANCH "77", Aug 2023 to Jul 2026. Oil output fell 14% over the last 12 months. 3,102 bbl in the 12 months through Jul 2026, against 3,613 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month001002502005003007504001,0005001,250Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

89% of the gas went to a processing plant in the last 12 months

Flaring peaked at 3.5% of the gas in Nov 2025.

  • Processing plant (3)
  • Lease fuel (1)
  • Flared (4)
89% of the gas went to a processing plant in the last 12 monthsShare of NEAL RANCH "77" gas by disposition code each month, Aug 2023 to Jul 2026. 89% of the gas went to a processing plant in the last 12 months. Flaring peaked at 3.5% of the gas in Nov 2025.Share of the lease’s gas by disposition code, per month0%50%100%Flared 3.5%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
89% of the gas went to a processing plant in the last 12 monthsShare of NEAL RANCH "77" gas by disposition code each month, Aug 2023 to Jul 2026. 89% of the gas went to a processing plant in the last 12 months. Flaring peaked at 3.5% of the gas in Nov 2025.Share of gas by disposition code0%50%100%Flared 3.5%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    89% · 7,311 mcf

  • Lease fuel (1)

    10% · 835 mcf

  • Flared (4)

    0.4% · 32 mcf

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

5 wells on this lease

Wells on NEAL RANCH "77"
API numberWell no.Status
42-461-355511Active
42-461-355612Active
42-461-374476Active
42-461-375855Active
42-461-385399Active

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

322.70 acres on the newest permit

  • Good to know

    The wells on this lease state different acreage

    The permits state between 322.7 and 565.03 acres. Use the acres from your own division order for the well you are paid on.

Check your decimal on this lease
Permits for Neal Ranch "77"
API numberWell no.Acreson the permit
42-461-385399322.70
42-461-375855322.70
42-461-374476322.70
42-461-355612565.03
42-461-355511565.03

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 "77"
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20261821764363650$80.46$2.89
Jun 20261933703652960$84.81$3.15
May 202617102712000$102.13$2.94
Apr 20262201692762070$100.32$2.77
Mar 20262953718848130$91.38$3.04
Feb 20264504488287660$64.51$3.62
Jan 20262002417066350$60.04$7.72
Dec 20252302228057340$57.97$4.26
Nov 202525430391781632$60.06$3.79
Oct 20253664141,0689970$60.89$3.19
Sep 20253262228607910$63.96$2.97
Aug 20252151947626910$64.86$2.91
Jul 20251961968057340$68.39$3.20
Jun 20253123871,1281,0590$68.17$3.02
May 20253341549538820$62.17$3.12
Apr 20252474368918220$63.54$3.42
Mar 20253272101,1731,1020$68.24$4.12
Feb 20253383841,0509880$71.53$4.19
Jan 20253262271,1321,0610$75.74$4.13
Dec 20243175461,1621,0910$70.12$3.01
Nov 20243092301,1271,0580$69.95$2.12
Oct 20243523781,0309590$71.99$2.20
Sep 20243431651,2501,1810$70.24$2.28
Aug 20242121957947230$76.68$1.99
Jul 20241943908707990$81.80$2.07
Jun 20242601491,0089390$79.77$2.54
May 2024251302000$80.02$2.12
Apr 20243023069729030$85.35$1.60
Mar 20242873809158440$81.28$1.49
Feb 20242963667546870$77.25$1.72
Jan 20243362756375660$74.15$3.18
Dec 20233713058027700$71.90$2.52
Nov 20233712588658650$77.69$2.71
Oct 20232754361,0601,0600$85.64$2.98
Sep 20233573741,0831,0830$89.43$2.64
Aug 20233612001,0401,0400$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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