NEAL-LONG UNIT
NEAL-LONG UNIT is a Texas oil lease in Dickens County, Railroad Commission district 8A, operated by Schalk Oil Company, Inc. It has 1 wellbore on file with the Commission. Reported production runs from March 2008 to August 2026, totalling 90,627 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 $1.5M, with roughly $353K 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 483 barrels a month. Its strongest month on the record we hold was March 2021, at 1,003 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-LONG UNIT
- Who operates NEAL-LONG UNIT?
- NEAL-LONG UNIT is operated by Schalk Oil Company, Inc., Railroad Commission of Texas operator number 750400.
- Where is NEAL-LONG UNIT?
- NEAL-LONG UNIT is a Texas oil lease in Dickens County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 69230.
- Is NEAL-LONG UNIT still producing?
- NEAL-LONG UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for NEAL-LONG UNIT is August 2026.
- How much has NEAL-LONG UNIT produced?
- NEAL-LONG UNIT has reported 90,627 barrels of oil (bbl) to the Railroad Commission of Texas between March 2008 and August 2026, from 1 wellbore.
- How much is NEAL-LONG UNIT worth?
- The remaining production from NEAL-LONG UNIT is estimated to be worth about $1.5M in total as of 27 August 2026, within a range of $1.2M to $1.9M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in NEAL-LONG UNIT is a fraction of it. The estimate fits an Arps decline curve to the production NEAL-LONG 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-LONG UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does NEAL-LONG UNIT generate in a year?
- NEAL-LONG UNIT is forecast to net about $353K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in NEAL-LONG UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Schalk Oil Company, Inc. |
|---|---|
| Field | Soldier Mound (Tannehill) |
| County | Dickens County, Texas |
| RRC district | 8A |
| Lease number | 69230 |
| Wellbores | 1 |
| Reported production | 90,627 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.5M |
Where NEAL-LONG 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.