NEAL UNIT
NEAL 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 August 2007 to August 2026, totalling 122,419 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 $973K, with roughly $187K 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 245 barrels a month. Its strongest month on the record we hold was February 2017, at 690 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 UNIT
- Who operates NEAL UNIT?
- NEAL UNIT is operated by Schalk Oil Company, Inc., Railroad Commission of Texas operator number 750400.
- Where is NEAL UNIT?
- NEAL UNIT is a Texas oil lease in Dickens County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 69120.
- Is NEAL UNIT still producing?
- NEAL UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for NEAL UNIT is August 2026.
- How much has NEAL UNIT produced?
- NEAL UNIT has reported 122,419 barrels of oil (bbl) to the Railroad Commission of Texas between August 2007 and August 2026, from 1 wellbore.
- How much is NEAL UNIT worth?
- The remaining production from NEAL UNIT is estimated to be worth about $973K in total as of 27 August 2026, within a range of $759K to $1.2M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in NEAL UNIT is a fraction of it. The estimate fits an Arps decline curve to the production NEAL 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 UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does NEAL UNIT generate in a year?
- NEAL UNIT is forecast to net about $187K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in NEAL 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 | 69120 |
| Wellbores | 1 |
| Reported production | 122,419 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $973K |
Where NEAL 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.