NEAL RANCH '57' UNIT
NEAL RANCH '57' UNIT is a Texas oil lease in Upton County, Railroad Commission district 7C, operated by Cog Operating LLC. It has 1 wellbore on file with the Commission. Reported production runs from October 2014 to August 2026, totalling 499,265 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 $3.3M, with roughly $742K 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 1,217 barrels a month. Its strongest month on the record we hold was July 2016, at 5,737 barrels. In our own backtest, leases producing at this rate are forecast to within about 17% 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 RANCH '57' UNIT
- Who operates NEAL RANCH '57' UNIT?
- NEAL RANCH '57' UNIT is operated by Cog Operating LLC, Railroad Commission of Texas operator number 166150.
- Where is NEAL RANCH '57' UNIT?
- NEAL RANCH '57' UNIT is a Texas oil lease in Upton County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 18818.
- Is NEAL RANCH '57' UNIT still producing?
- NEAL RANCH '57' UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for NEAL RANCH '57' UNIT is August 2026.
- How much has NEAL RANCH '57' UNIT produced?
- NEAL RANCH '57' UNIT has reported 499,265 barrels of oil (bbl) to the Railroad Commission of Texas between October 2014 and August 2026, from 1 wellbore.
- How much is NEAL RANCH '57' UNIT worth?
- The remaining production from NEAL RANCH '57' UNIT is estimated to be worth about $3.3M in total as of 26 August 2026, within a range of $2.8M to $3.9M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in NEAL RANCH '57' UNIT is a fraction of it. The estimate fits an Arps decline curve to the production NEAL RANCH '57' UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for NEAL RANCH '57' UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does NEAL RANCH '57' UNIT generate in a year?
- NEAL RANCH '57' UNIT is forecast to net about $742K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in NEAL RANCH '57' UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Cog Operating LLC |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Upton County, Texas |
| RRC district | 7C |
| Lease number | 18818 |
| Wellbores | 1 |
| Reported production | 499,265 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $3.3M |
Where NEAL RANCH '57' UNIT 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.