NEAL LETHCO 31-36 B
NEAL LETHCO 31-36 B is a Texas oil lease in Pecos County, Railroad Commission district 08, operated by Diamondback E&P LLC. It has 1 wellbore on file with the Commission. Reported production runs from July 2019 to August 2026, totalling 430,639 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 $5.3M, with roughly $1.6M 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 2,387 barrels a month. Its strongest month on the record we hold was February 2020, at 25,475 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 LETHCO 31-36 B
- Who operates NEAL LETHCO 31-36 B?
- NEAL LETHCO 31-36 B is operated by Diamondback E&P LLC, Railroad Commission of Texas operator number 217012.
- Where is NEAL LETHCO 31-36 B?
- NEAL LETHCO 31-36 B is a Texas oil lease in Pecos County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 53589.
- Is NEAL LETHCO 31-36 B still producing?
- NEAL LETHCO 31-36 B is currently producing. The most recent month of production reported to the Railroad Commission of Texas for NEAL LETHCO 31-36 B is August 2026.
- How much has NEAL LETHCO 31-36 B produced?
- NEAL LETHCO 31-36 B has reported 430,639 barrels of oil (bbl) to the Railroad Commission of Texas between July 2019 and August 2026, from 1 wellbore.
- How much is NEAL LETHCO 31-36 B worth?
- The remaining production from NEAL LETHCO 31-36 B is estimated to be worth about $5.3M in total as of 26 August 2026, within a range of $4.4M to $6.2M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in NEAL LETHCO 31-36 B is a fraction of it. The estimate fits an Arps decline curve to the production NEAL LETHCO 31-36 B has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for NEAL LETHCO 31-36 B is an estimate of value, not an offer and not an appraisal.
- How much income does NEAL LETHCO 31-36 B generate in a year?
- NEAL LETHCO 31-36 B is forecast to net about $1.6M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in NEAL LETHCO 31-36 B receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Diamondback E&P LLC |
|---|---|
| Field | Hoefs T-K (Wolfcamp) |
| County | Pecos County, Texas |
| RRC district | 08 |
| Lease number | 53589 |
| Wellbores | 1 |
| Reported production | 430,639 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $5.3M |
Where NEAL LETHCO 31-36 B 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.