NEAL
NEAL is a Texas oil lease in Crockett County, Railroad Commission district 7C, operated by Dittman, D. W. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 8,544 barrels. The lease is currently producing. Fitting a decline curve to that history and pricing the remaining production at today's forward curve values the whole lease — a 100% undivided interest — at about $37K, with roughly $7K expected over the next twelve months. An individual royalty owner receives their own decimal interest times that figure. Over the last twelve months on file it averaged 15 barrels a month. Its strongest month on the record we hold was September 2024, at 63 barrels. In our own backtest, leases producing at this rate are forecast to within about 45% of what they went on to produce, and that measured error is the range shown on the page rather than a confidence of our own devising.
Key facts about NEAL
- Who operates NEAL?
- NEAL is operated by Dittman, D. W., Railroad Commission of Texas operator number 220875.
- Where is NEAL?
- NEAL is a Texas oil lease in Crockett County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 12359.
- Is NEAL still producing?
- NEAL is currently producing. The most recent month of production reported to the Railroad Commission of Texas for NEAL is August 2026.
- How much has NEAL produced?
- NEAL has reported 8,544 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is NEAL worth?
- The remaining production from NEAL is estimated to be worth about $37K in total as of 26 August 2026, within a range of $21K to $54K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in NEAL is a fraction of it. The estimate fits an Arps decline curve to the production NEAL has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for NEAL is an estimate of value, not an offer and not an appraisal.
- How much income does NEAL generate in a year?
- NEAL is forecast to net about $7K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in NEAL receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Dittman, D. W. |
|---|---|
| Field | Weger (San Andres) |
| County | Crockett County, Texas |
| RRC district | 7C |
| Lease number | 12359 |
| Wellbores | 1 |
| Reported production | 8,544 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $37K |
Where NEAL sits
Source: Railroad Commission of Texas lease production records, complete through . Figures on this page were computed on .
Production figures are as reported to the Railroad Commission of Texas. The value shown is an estimate produced by fitting a decline curve to that reported history; it is not an offer or an appraisal. How this estimate is calculated.