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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.

11 wells

462,025bbl oil, last 12 months−33% vs prior year
Operator
Cog Operating LLC
County
Upton County
Field
Spraberry (Trend Area)
RRC lease
7C-19981

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Where it sits

This county

Upton CountyUptonMidlandCraneGlasscockReaganEctorUpton County
Upton County
Gas, last 12 months
2,124,440 mcf
Oil in Jul 2026
35,664 bbl

Production by month

Oil output fell 33% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 33% over the last 12 monthsMonthly oil production and gas for NEAL RANCH 57 UNIT, Aug 2023 to Jul 2026. Oil output fell 33% over the last 12 months. 462,025 bbl in the 12 months through Jul 2026, against 686,377 bbl in the 12 months before.Last 12 months: 462,025 bblbbl per monthmcf per month0050k50k100k100k150k150k200k200k250k250kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 33% over the last 12 monthsMonthly oil production and gas for NEAL RANCH 57 UNIT, Aug 2023 to Jul 2026. Oil output fell 33% over the last 12 months. 462,025 bbl in the 12 months through Jul 2026, against 686,377 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month0050k50k100k100k150k150k200k200k250k250kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

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

Flaring peaked at 6.5% of the gas in Oct 2023.

  • Processing plant (3)
  • Lease fuel (1)
  • Flared (4)
Since Oct 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 Oct 2023 the lease's gas goes to a processing plant instead of lease fuel. Flaring peaked at 6.5% of the gas in Oct 2023.Share of the lease’s gas by disposition code, per month0%50%100%Oct 2023: fuel to plantFlared 6.5%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Oct 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 Oct 2023 the lease's gas goes to a processing plant instead of lease fuel. Flaring peaked at 6.5% of the gas in Oct 2023.Share of gas by disposition code0%50%100%Oct 23: fuel to plantFlared 6.5%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    98% · 2,086,340 mcf

  • Lease fuel (1)

    1.8% · 37,242 mcf

  • Flared (4)

    0.0% · 858 mcf

11 wells on this lease

Wells on NEAL RANCH 57 UNIT
API numberWell no.Status
42-461-406605702BHActive
42-461-406615728BCActive
42-461-406625701BHActive
42-461-422995706BHActive
42-461-423005705JHActive
42-461-423015705LHActive
42-461-423025704LHActive
42-461-423035704JHActive
42-461-423045703LHActive
42-461-423055703JHActive
42-461-423065702LHActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%From
Enlink Crude Marketing, LLCOilGathers100May 8, 2018
Dcp Operating Company, LPCasinghead gasBuys100May 8, 2018
Dcp Operating Company, LPCasinghead gasGathers100May 8, 2018

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

Who buys my oilOil price check

1,414.70 acres on the newest permit

  • Good to know

    The wells on this lease state different acreage

    The permits state between 230 and 1,414.7 acres. Use the acres from your own division order for the well you are paid on.

  • Good to know

    11 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 57 Unit
API numberWell no.Acreson the permit
42-461-423035704JH1,414.70
42-461-423045703LH1,414.70
42-461-423055703JH1,414.70
42-461-423065702LH1,414.70
42-461-422995706BH1,414.70
42-461-423005705JH1,414.70
42-461-423015705LH1,414.70
42-461-423025704LH1,414.70
42-461-406605702BH230
42-461-406615728BC230
42-461-406625701BH230

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 57 UNIT
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 202635,66435,714190,288186,15340$80.46$2.89
Jun 202629,16329,100170,969167,130297$84.81$3.15
May 202633,50533,381182,045178,4540$102.13$2.94
Apr 202633,68133,669185,060181,4570$100.32$2.77
Mar 202640,83540,896202,974198,833271$91.38$3.04
Feb 202637,15437,101177,319173,5610$64.51$3.62
Jan 202641,83441,959193,972189,77795$60.04$7.72
Dec 202543,95743,976200,539197,3630$57.97$4.26
Nov 202543,21143,511179,623177,638155$60.06$3.79
Oct 202546,34246,212167,578165,6550$60.89$3.19
Sep 202542,84242,718149,534147,6670$63.96$2.97
Aug 202533,83733,802124,539122,6520$64.86$2.91
Jul 202527,88928,050115,489113,5110$68.39$3.20
Jun 202540,33440,373162,663160,7020$68.17$3.02
May 202548,01547,996201,284199,2680$62.17$3.12
Apr 202549,25249,206196,464194,5460$63.54$3.42
Mar 202557,83557,976203,410201,4640$68.24$4.12
Feb 202554,33954,332138,953137,2540$71.53$4.19
Jan 202553,83553,862143,863142,0190$75.74$4.13
Dec 202465,20465,424186,435184,6570$70.12$3.01
Nov 202464,53664,487158,358156,6880$69.95$2.12
Oct 202467,35767,359155,502152,3381,583$71.99$2.20
Sep 202474,29274,445174,007172,3460$70.24$2.28
Aug 202483,48983,359191,939190,3440$76.68$1.99
Jul 202488,67888,672185,589183,9860$81.80$2.07
Jun 202488,80988,678171,628169,9680$79.77$2.54
May 202493,05993,174156,215154,4620$80.02$2.12
Apr 2024103,325103,044164,322162,7280$85.35$1.60
Mar 2024122,914122,928186,732185,1720$81.28$1.49
Feb 2024143,612143,425213,066211,1580$77.25$1.72
Jan 2024182,802182,957209,915208,3650$74.15$3.18
Dec 2023225,004224,901216,883210,2465,555$71.90$2.52
Nov 2023168,399168,429139,652139,1270$77.69$2.71
Oct 20237,9177,5216,0385,097394$85.64$2.98
Sep 20238049800$89.43$2.64
Aug 20231,0731,28910,1879,6810$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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