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Texas oil lease

Producing

NEAL RANCH 97 A UNIT

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

10 wells

1,081,116bbl oil, since Dec 2025
Operator
Cog Operating LLC
County
Upton County
Field
Spraberry (Trend Area)
RRC lease
7C-22990

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Where it sits

This county

Upton CountyUptonMidlandCraneGlasscockReaganEctorUpton County
Upton County
Gas, since Dec 2025
2,249,058 mcf
Oil in Jul 2026
79,101 bbl
First check

Production started December 2025; the first check is due by about April 30, 2026 (estimate).

When is my first royalty check due?

Production by month

Oil output fell 36% since Dec 2025

  • Oil (bars)
  • Gas (line)
Oil output fell 36% since Dec 2025Monthly oil production and gas for NEAL RANCH 97 A UNIT, Dec 2025 to Jul 2026. Oil output fell 36% since Dec 2025. Monthly average of 100,105 bbl in the latest 3 months, against 156,635 bbl in the first 3.bbl per monthmcf per month0050k100k100k200k150k300k200k400k250k500kOct 25Jan 26AprJul
Oil output fell 36% since Dec 2025Monthly oil production and gas for NEAL RANCH 97 A UNIT, Dec 2025 to Jul 2026. Oil output fell 36% since Dec 2025. Monthly average of 100,105 bbl in the latest 3 months, against 156,635 bbl in the first 3.bbl per monthmcf per month0050k100k100k200k150k300k200k400k250k500kJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

99% of the gas went to a processing plant in the 8 months reported

  • Processing plant (3)
  • Lease fuel (1)
  • Flared (4)
99% of the gas went to a processing plant in the 8 months reportedShare of NEAL RANCH 97 A UNIT gas by disposition code each month, Dec 2025 to Jul 2026. 99% of the gas went to a processing plant in the 8 months reported.Share of the lease’s gas by disposition code, per month0%50%100%Oct 25Jan 26AprJul
99% of the gas went to a processing plant in the 8 months reportedShare of NEAL RANCH 97 A UNIT gas by disposition code each month, Dec 2025 to Jul 2026. 99% of the gas went to a processing plant in the 8 months reported.Share of gas by disposition code0%50%100%Jan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    99% · 2,227,265 mcf

  • Lease fuel (1)

    0.8% · 17,535 mcf

  • Flared (4)

    0.2% · 4,258 mcf

0.2% of the gas flared in the 8 months reported. No month above 3%.

10 wells on this lease

Wells on NEAL RANCH 97 A UNIT
API numberWell no.Status
42-461-430129701BHActive
42-461-430139701JHActive
42-461-430149701LHActive
42-461-430159701MHActive
42-461-430169702BHActive
42-461-430179702JHActive
42-461-430189702LHActive
42-461-430199703JHActive
42-461-430209703LHActive
42-461-430219704JHActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%From
Enlink Crude Marketing, LLCOilGathers100Feb 2, 2025
Dcp Operating Company, LPCasinghead gasBuys100Feb 2, 2025
Dcp Operating Company, LPCasinghead gasGathers100Feb 2, 2025

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

Who buys my oilOil price check

1,303.70 acres on the newest permit

  • Good to know

    10 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.

Check your decimal on this lease
Permits for Neal Ranch 97 A Unit
API numberWell no.Acreson the permit
42-461-430129701BH1,303.70
42-461-430139701JH1,303.70
42-461-430149701LH1,303.70
42-461-430159701MH1,303.70
42-461-430169702BH1,303.70
42-461-430179702JH1,303.70
42-461-430189702LH1,303.70
42-461-430199703JH1,303.70
42-461-430209703LH1,303.70
42-461-430219704JH1,303.70

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

8 months, newest first

Ledger for NEAL RANCH 97 A UNIT
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 202679,10179,735255,180252,3340$80.46$2.89
Jun 2026101,817101,824289,675285,2411,680$84.81$3.15
May 2026119,398119,412317,001314,1550$102.13$2.94
Apr 2026134,355134,434321,033318,2790$100.32$2.77
Mar 2026176,540176,515385,400382,5540$91.38$3.04
Feb 2026205,260205,395369,373366,435459$64.51$3.62
Jan 2026200,027199,983247,316244,3062,000$60.04$7.72
Dec 202564,61863,12564,08063,961119$57.97$4.26

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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Drilling permits within 10 km