NEAL "B"
NEAL "B" is a Texas gas lease in Freestone County, Railroad Commission district 05, operated by Anadarko Petroleum Corporation. It has 1 wellbore on file with the Commission. Reported production runs from December 2001 to August 2026, totalling 1,276,171 thousand cubic feet. The lease is intermittent. 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 $223K, with roughly $56K 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 3,490 thousand cubic feet a month. Its strongest month on the record we hold was August 2025, at 7,765 thousand cubic feet. 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 "B"
- Who operates NEAL "B"?
- NEAL "B" is operated by Anadarko Petroleum Corporation, Railroad Commission of Texas operator number 020572.
- Where is NEAL "B"?
- NEAL "B" is a Texas gas lease in Freestone County, Texas, in Railroad Commission district 05. Its Railroad Commission lease number is 188061.
- Is NEAL "B" still producing?
- NEAL "B" is intermittent. The most recent month of production reported to the Railroad Commission of Texas for NEAL "B" is August 2026.
- How much has NEAL "B" produced?
- NEAL "B" has reported 1,276,171 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between December 2001 and August 2026, from 1 wellbore.
- How much is NEAL "B" worth?
- The remaining production from NEAL "B" is estimated to be worth about $223K in total as of 26 August 2026, within a range of $185K to $261K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in NEAL "B" is a fraction of it. The estimate fits an Arps decline curve to the production NEAL "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 "B" is an estimate of value, not an offer and not an appraisal.
- How much income does NEAL "B" generate in a year?
- NEAL "B" is forecast to net about $56K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in NEAL "B" receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Anadarko Petroleum Corporation |
|---|---|
| Field | Dowdy Ranch (Cotton Valley) |
| County | Freestone County, Texas |
| RRC district | 05 |
| Lease number | 188061 |
| Wellbores | 1 |
| Reported production | 1,276,171 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $223K |
Where NEAL "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.