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Texas oil lease

Producing

NEAL RANCH "97"

Neal Ranch "97" is an oil lease in Upton County, Texas, operated by Cog Operating LLC in the Spraberry (Trend Area) field.

6 wells

2,056bbl oil, last 12 months−64% vs prior year
Operator
Cog Operating LLC
County
Upton County
Field
Spraberry (Trend Area)
RRC lease
7C-17230

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Where it sits

This county

Upton CountyUptonMidlandCraneGlasscockReaganEctorUpton County
Upton County
Gas, last 12 months
9,892 mcf
Oil in Jul 2026
308 bbl

Production by month

Oil output fell 64% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 64% over the last 12 monthsMonthly oil production and gas for NEAL RANCH "97", Aug 2023 to Jul 2026. Oil output fell 64% over the last 12 months. 2,056 bbl in the 12 months through Jul 2026, against 5,746 bbl in the 12 months before.Last 12 months: 2,056 bblbbl per monthmcf per month002505,00050010k75015k1,00020k1,25025kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 64% over the last 12 monthsMonthly oil production and gas for NEAL RANCH "97", Aug 2023 to Jul 2026. Oil output fell 64% over the last 12 months. 2,056 bbl in the 12 months through Jul 2026, against 5,746 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002505,00050010k75015k1,00020k1,25025kJan 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

  • 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 "97" 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.Share of the lease’s gas by disposition code, per month0%50%100%Jul 2025: fuel to plantOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Jul 2025 the lease's gas goes to a processing plant instead of lease fuelShare of NEAL RANCH "97" 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.Share of gas by disposition code0%50%100%Jul 25: fuel to plantJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    100% · 58,591 mcf

  • Lease fuel (1)

    0.4% · 225 mcf

6 wells on this lease

Wells on NEAL RANCH "97"
API numberWell no.Status
42-461-366174Active
42-461-368761Active
42-461-371488Active
42-461-374125Active
42-461-3825716Shut-in
42-461-3949332HActive

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

323.10 acres on the newest permit

Check your decimal on this lease
Permits for Neal Ranch "97"
API numberWell no.Acreson the permit
42-461-3949332H323.10
42-461-3825716323.10
42-461-374125323.10
42-461-371488323.10
42-461-368761323.10
42-461-366174323.10

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 "97"
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20263083522,2892,2890$80.46$2.89
Jun 20262772271,6721,6720$84.81$3.15
May 20262323791,7791,7790$102.13$2.94
Apr 20264254342,7112,7110$100.32$2.77
Mar 20263724081,2571,2570$91.38$3.04
Feb 202620601391390$64.51$3.62
Jan 202622821845450$60.04$7.72
Dec 202500000$57.97$4.26
Nov 202500000$60.06$3.79
Oct 202500000$60.89$3.19
Sep 20258184000$63.96$2.97
Aug 202500000$64.86$2.91
Jul 20251962007,9967,9960$68.39$3.20
Jun 2025001730$68.17$3.02
May 20252852017,3467,2750$62.17$3.12
Apr 202546639215,67715,6080$63.54$3.42
Mar 202558660217,88817,8170$68.24$4.12
Feb 202559565314,67914,210405$71.53$4.19
Jan 202577286717,01516,9440$75.74$4.13
Dec 202487977914,85514,7840$70.12$3.01
Nov 20248661,03013,60713,5380$69.95$2.12
Oct 202446845312,43512,3640$71.99$2.20
Sep 202432517013,25413,1850$70.24$2.28
Aug 202430837718,49418,4230$76.68$1.99
Jul 202436170916,40516,3340$81.80$2.07
Jun 202425123016,43616,3670$79.77$2.54
May 2024688881000$80.02$2.12
Apr 202497089218,02617,9570$85.35$1.60
Mar 202478564917,77817,7070$81.28$1.49
Feb 20241,1181,23316,95116,8840$77.25$1.72
Jan 20245965923,4933,4220$74.15$3.18
Dec 20237765989,6239,1490$71.90$2.52
Nov 20239888809,4898,7090$77.69$2.71
Oct 20231,1031,24210,8049,9980$85.64$2.98
Sep 20238527608,2097,4290$89.43$2.64
Aug 20237278748,8888,0820$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

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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