NEAL RANCH '77' A UNIT
NEAL RANCH '77' A 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 January 2015 to August 2026, totalling 248,377 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 $870K, with roughly $364K 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 473 barrels a month. Its strongest month on the record we hold was March 2017, at 2,646 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 RANCH '77' A UNIT
- Who operates NEAL RANCH '77' A UNIT?
- NEAL RANCH '77' A UNIT is operated by Cog Operating LLC, Railroad Commission of Texas operator number 166150.
- Where is NEAL RANCH '77' A UNIT?
- NEAL RANCH '77' A UNIT is a Texas oil lease in Upton County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 18854.
- Is NEAL RANCH '77' A UNIT still producing?
- NEAL RANCH '77' A UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for NEAL RANCH '77' A UNIT is August 2026.
- How much has NEAL RANCH '77' A UNIT produced?
- NEAL RANCH '77' A UNIT has reported 248,377 barrels of oil (bbl) to the Railroad Commission of Texas between January 2015 and August 2026, from 1 wellbore.
- How much is NEAL RANCH '77' A UNIT worth?
- The remaining production from NEAL RANCH '77' A UNIT is estimated to be worth about $870K in total as of 26 August 2026, within a range of $679K to $1.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in NEAL RANCH '77' A UNIT is a fraction of it. The estimate fits an Arps decline curve to the production NEAL RANCH '77' A 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 '77' A UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does NEAL RANCH '77' A UNIT generate in a year?
- NEAL RANCH '77' A UNIT is forecast to net about $364K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in NEAL RANCH '77' A 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 | 18854 |
| Wellbores | 1 |
| Reported production | 248,377 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $870K |
Where NEAL RANCH '77' A 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.