PIRANHA-NEAL 38
PIRANHA-NEAL 38 is a Texas oil lease in Glasscock County, Railroad Commission district 08, operated by Apache Corporation. It has 1 wellbore on file with the Commission. Reported production runs from March 2014 to August 2026, totalling 59,673 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 $134K, with roughly $22K 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 20 barrels a month. Its strongest month on the record we hold was January 2017, at 900 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 PIRANHA-NEAL 38
- Who operates PIRANHA-NEAL 38?
- PIRANHA-NEAL 38 is operated by Apache Corporation, Railroad Commission of Texas operator number 027200.
- Where is PIRANHA-NEAL 38?
- PIRANHA-NEAL 38 is a Texas oil lease in Glasscock County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 45910.
- Is PIRANHA-NEAL 38 still producing?
- PIRANHA-NEAL 38 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PIRANHA-NEAL 38 is August 2026.
- How much has PIRANHA-NEAL 38 produced?
- PIRANHA-NEAL 38 has reported 59,673 barrels of oil (bbl) to the Railroad Commission of Texas between March 2014 and August 2026, from 1 wellbore.
- How much is PIRANHA-NEAL 38 worth?
- The remaining production from PIRANHA-NEAL 38 is estimated to be worth about $134K in total as of 26 August 2026, within a range of $74K to $195K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PIRANHA-NEAL 38 is a fraction of it. The estimate fits an Arps decline curve to the production PIRANHA-NEAL 38 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PIRANHA-NEAL 38 is an estimate of value, not an offer and not an appraisal.
- How much income does PIRANHA-NEAL 38 generate in a year?
- PIRANHA-NEAL 38 is forecast to net about $22K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in PIRANHA-NEAL 38 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Apache Corporation |
|---|---|
| Field | Jailhouse (Fusselman) |
| County | Glasscock County, Texas |
| RRC district | 08 |
| Lease number | 45910 |
| Wellbores | 1 |
| Reported production | 59,673 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $134K |
Where PIRANHA-NEAL 38 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.