NEAL RANCH "56"
NEAL RANCH "56" is a Texas oil lease in Upton County, Railroad Commission district 7C, operated by Terrace Petroleum Corporation. It has 8 wellbores on file with the Commission. Reported production runs from September 2008 to August 2026, totalling 566,049 barrels. The lease is currently producing. Fitting a decline curve to that history and pricing the remaining production at today's forward curve values a standard royalty share at about $34K, with roughly $11K expected over the next twelve months.
| Operator | Terrace Petroleum Corporation |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Upton County, Texas |
| RRC district | 7C |
| Lease number | 16698 |
| Wellbores | 8 |
| Reported production | 566,049 bbl |
| First reported | September 2008 |
| Last reported | August 2026 |
| Estimated royalty value | $34K |
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.