NEAL 46 A
NEAL 46 A is a Texas oil lease in Upton County, Railroad Commission district 7C, operated by Athlon Holdings LP. It has 6 wellbores on file with the Commission. Reported production runs from March 2013 to August 2026, totalling 176,682 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 $1.1M, with roughly $239K 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 344 barrels a month, about 57 per wellbore. Its strongest month on the record we hold was July 2020, at 2,367 barrels. In our own backtest, leases producing at this rate are forecast to within about 22% 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 46 A
- Who operates NEAL 46 A?
- NEAL 46 A is operated by Athlon Holdings LP, Railroad Commission of Texas operator number 036067.
- Where is NEAL 46 A?
- NEAL 46 A is a Texas oil lease in Upton County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 18796.
- Is NEAL 46 A still producing?
- NEAL 46 A is currently producing. The most recent month of production reported to the Railroad Commission of Texas for NEAL 46 A is August 2026.
- How much has NEAL 46 A produced?
- NEAL 46 A has reported 176,682 barrels of oil (bbl) to the Railroad Commission of Texas between March 2013 and August 2026, from 6 wellbores.
- How much is NEAL 46 A worth?
- The remaining production from NEAL 46 A is estimated to be worth about $1.1M in total as of 26 August 2026, within a range of $877K to $1.4M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in NEAL 46 A is a fraction of it. The estimate fits an Arps decline curve to the production NEAL 46 A has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for NEAL 46 A is an estimate of value, not an offer and not an appraisal.
- How much income does NEAL 46 A generate in a year?
- NEAL 46 A is forecast to net about $239K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in NEAL 46 A receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Athlon Holdings LP |
|---|---|
| Field | Spraberry (Trend Area) R 40 Exc |
| County | Upton County, Texas |
| RRC district | 7C |
| Lease number | 18796 |
| Wellbores | 6 |
| Reported production | 176,682 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.1M |
Where NEAL 46 A 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.