NEAL 23
NEAL 23 is a Texas oil lease in Howard County, Railroad Commission district 08, operated by Crownquest Operating, LLC. It has 2 wellbores on file with the Commission. Reported production runs from June 2015 to August 2026, totalling 65,741 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 $764K, with roughly $134K 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 169 barrels a month, about 85 per wellbore. Its strongest month on the record we hold was September 2017, at 1,740 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 23
- Who operates NEAL 23?
- NEAL 23 is operated by Crownquest Operating, LLC, Railroad Commission of Texas operator number 191554.
- Where is NEAL 23?
- NEAL 23 is a Texas oil lease in Howard County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 46999.
- Is NEAL 23 still producing?
- NEAL 23 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for NEAL 23 is August 2026.
- How much has NEAL 23 produced?
- NEAL 23 has reported 65,741 barrels of oil (bbl) to the Railroad Commission of Texas between June 2015 and August 2026, from 2 wellbores.
- How much is NEAL 23 worth?
- The remaining production from NEAL 23 is estimated to be worth about $764K in total as of 27 August 2026, within a range of $596K to $932K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in NEAL 23 is a fraction of it. The estimate fits an Arps decline curve to the production NEAL 23 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for NEAL 23 is an estimate of value, not an offer and not an appraisal.
- How much income does NEAL 23 generate in a year?
- NEAL 23 is forecast to net about $134K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in NEAL 23 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Crownquest Operating, LLC |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Howard County, Texas |
| RRC district | 08 |
| Lease number | 46999 |
| Wellbores | 2 |
| Reported production | 65,741 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $764K |
Where NEAL 23 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.