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Producing

STATE NEAL LETHCO 34

State Neal Lethco 34 is an oil lease in Pecos County, Texas, operated by Swordfish Energy Operating, LLC in the Oates, SW (Woodford) field.

1 well

3,288bbl oil, last 12 months+384% vs prior year
Operator
Swordfish Energy Operating, LLC
County
Pecos County
Field
Oates, SW (Woodford)
RRC lease
08-49893

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Where it sits

This county

Pecos CountyPecosUptonCranePecos County
Pecos County
Gas, last 12 months
182,116 mcf
Oil in Jul 2026
330 bbl

Checks stopped on this lease?

  • Operator

    Operator changed: Swordfish Energy Operating, LLC took over from Pecos River Exploration, LLC in Jul 2025.

  • P-5

    The previous operator's P-5 registration is listed as inactive since Nov 26, 2025 (last P-5 filed Dec 13, 2024).

SourceRailroad Commission production, P-5 and P-4 records, data through Jul 2026.

See why checks stop on this lease

Production by month

Oil output rose 384% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output rose 384% over the last 12 monthsMonthly oil production and gas for STATE NEAL LETHCO 34, Aug 2023 to Jul 2026. Oil output rose 384% over the last 12 months. 3,288 bbl in the 12 months through Jul 2026, against 679 bbl in the 12 months before.Last 12 months: 3,288 bblbbl per monthmcf per month0010010k20020k30030k40040k50050kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output rose 384% over the last 12 monthsMonthly oil production and gas for STATE NEAL LETHCO 34, Aug 2023 to Jul 2026. Oil output rose 384% over the last 12 months. 3,288 bbl in the 12 months through Jul 2026, against 679 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month0010010k20020k30030k40040k50050kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

Since Jan 2026 the lease's gas goes to other uses instead of a processing plant

Flaring peaked at 11.0% of the gas in Jul 2024.

  • Processing plant (3)
  • Lease fuel (1)
  • Other (5 to 8)
  • Flared (4)
Since Jan 2026 the lease's gas goes to other uses instead of a processing plantShare of STATE NEAL LETHCO 34 gas by disposition code each month, Aug 2023 to Jul 2026. Since Jan 2026 the lease's gas goes to other uses instead of a processing plant. Flaring peaked at 11.0% of the gas in Jul 2024.Share of the lease’s gas by disposition code, per month0%50%100%Jan 2026: plant to otherFlared 11.0%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Jan 2026 the lease's gas goes to other uses instead of a processing plantShare of STATE NEAL LETHCO 34 gas by disposition code each month, Aug 2023 to Jul 2026. Since Jan 2026 the lease's gas goes to other uses instead of a processing plant. Flaring peaked at 11.0% of the gas in Jul 2024.Share of gas by disposition code0%50%100%Jan 26: plant to otherFlared 11.0%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Other (5 to 8)

    80% · 146,496 mcf

  • Processing plant (3)

    16% · 28,888 mcf

  • Lease fuel (1)

    3.7% · 6,677 mcf

  • Flared (4)

    0.0% · 55 mcf

Who has run this lease

The operator changed 3 times, most recently in Jul 2025

Operators of this lease over timeJagged Peak Energy LLC, Jan 2020 to Jan 2020; Parsley Energy Operations, LLC, Feb 2020 to Nov 2020; Pecos River Exploration, LLC, Dec 2020 to Jun 2025; Swordfish Energy Operating, LLC, Jul 2025 to Jul 20262020202120222023202420252026Changed Feb 2020Changed Dec 2020Changed Jul 2025Jagged Peak Energy LLCJan 2020 to Jan 2020Parsley Energy Operations, LLCFeb 2020 to Nov 2020Pecos River Exploration, LLCDec 2020 to Jun 2025Swordfish Energy Operating, L…Jul 2025 to now
Operators of this lease over timeJagged Peak Energy LLC, Jan 2020 to Jan 2020; Parsley Energy Operations, LLC, Feb 2020 to Nov 2020; Pecos River Exploration, LLC, Dec 2020 to Jun 2025; Swordfish Energy Operating, LLC, Jul 2025 to Jul 20262020202120222023202420252026Changed Feb 2020Changed Dec 2020Changed Jul 2025Jagged Peak Energy LLCJan 2020 to Jan 2020Parsley Energy Operations, LLCFeb 2020 to Nov 2020Pecos River Exploration, LLCDec 2020 to Jun 2025Swordfish Energy Operating, LLCJul 2025 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

1 well on this lease

Wells on STATE NEAL LETHCO 34
API numberWell no.Status
42-371-395041HActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Enterprise Crude Oil LLCOilGathers100Oct 1, 2023–
Brazos Midstream Operating, LLCCasinghead gasBuys100Jun 28, 2017–
Brazos Midstream Operating, LLCCasinghead gasGathers100Jun 28, 2017–
Oasis Transp & Marketing Corp.OilGathers25Nov 1, 2022Oct 1, 2023
Transoil Marketing, LLCOilGathers75Nov 1, 2022Oct 1, 2023
Lion Oil Trading & Trans, LLCOilGathers100Jul 1, 2020Nov 1, 2022
Eastex Crude CompanyOilGathers25Jun 28, 2017Jul 1, 2020
Oryx So. Delaware Ogt LLCOilGathers25Jun 28, 2017Jul 1, 2020
Sunoco Ptnrs. Mktg.&terminals LPOilGathers25Jun 28, 2017Jul 1, 2020

SourceRailroad Commission Form P-4 file, Sep 24, 2026 (source).

Who buys my oilOil price check

120 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 State Neal Lethco 34
API numberWell no.Acreson the permit
42-371-395041H120

SourceRailroad Commission drilling permits, Oct 3, 2026 (source 1, source 2).

Unit decimal checker

Estimate your royalty

36 months, newest first

Ledger for STATE NEAL LETHCO 34
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Swordfish Energy33031721,9831,68525$80.46$2.89
Jun 2026Swordfish Energy18019517,2222934$84.81$3.15
May 2026Swordfish Energy20619917,5266981$102.13$2.94
Apr 2026Swordfish Energy22020818,7329100$100.32$2.77
Mar 2026Swordfish Energy24925518,7681,2156$91.38$3.04
Feb 2026Swordfish Energy21223111,2316544$64.51$3.62
Jan 2026Swordfish Energy28527115,3287732$60.04$7.72
Dec 2025Swordfish Energy2812889319140$57.97$4.26
Nov 2025Swordfish Energy29627441,06420,9630$60.06$3.79
Oct 2025Swordfish Energy26828218,03900$60.89$3.19
Sep 2025Swordfish Energy29328818410713$63.96$2.97
Aug 2025Swordfish Energy4684661,1086760$64.86$2.91
Jul 2025Swordfish Energy002111120$68.39$3.20
Jun 2025Pecos River262255000$68.17$3.02
May 2025Pecos River18217112,73911,13088$62.17$3.12
Apr 2025Pecos River0052520$63.54$3.42
Mar 2025Pecos River0074740$68.24$4.12
Feb 2025Pecos River0274740$71.53$4.19
Jan 2025Pecos River747778780$75.74$4.13
Dec 2024Pecos River1601551631620$70.12$3.01
Nov 2024Pecos River001371313$69.95$2.12
Oct 2024Pecos River0015914415$71.99$2.20
Sep 2024Pecos River1115913515$70.24$2.28
Aug 2024Pecos River0367762043$76.68$1.99
Jul 2024Pecos River35421,9491,577214$81.80$2.07
Jun 2024Pecos River1951965,6994,641338$79.77$2.54
May 2024Pecos River2722846,2005,189242$80.02$2.12
Apr 2024Pecos River2942814,5024,010132$85.35$1.60
Mar 2024Pecos River1691712,9432,67346$81.28$1.49
Feb 2024Pecos River1721833,6693,27068$77.25$1.72
Jan 2024Pecos River2942795,3334,93145$74.15$3.18
Dec 2023Pecos River3013105,0644,69219$71.90$2.52
Nov 2023Pecos River3313264,9824,6254$77.69$2.71
Oct 2023Pecos River3463374,5344,14249$85.64$2.98
Sep 2023Pecos River2913053,3122,94061$89.43$2.64
Aug 2023Pecos River3293163,2052,94416$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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This lease belongs to

OperatorSwordfish Energy Operating, LLCFieldOates, SW (Woodford)CountyPecos County

Swordfish Energy Operating, LLC in Pecos County

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Oates, SW (Woodford) field

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