NEAL 48
NEAL 48 is a Texas oil lease in Glasscock County, Railroad Commission district 08, operated by Apache Corporation. It has 1 wellbore on file with the Commission. Reported production runs from May 2011 to August 2026, totalling 19,635 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 $243K, with roughly $45K 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 50 barrels a month. Its strongest month on the record we hold was July 2016, at 127 barrels. In our own backtest, leases producing at this rate are forecast to within about 45% 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 48
- Who operates NEAL 48?
- NEAL 48 is operated by Apache Corporation, Railroad Commission of Texas operator number 027200.
- Where is NEAL 48?
- NEAL 48 is a Texas oil lease in Glasscock County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 41215.
- Is NEAL 48 still producing?
- NEAL 48 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for NEAL 48 is August 2026.
- How much has NEAL 48 produced?
- NEAL 48 has reported 19,635 barrels of oil (bbl) to the Railroad Commission of Texas between May 2011 and August 2026, from 1 wellbore.
- How much is NEAL 48 worth?
- The remaining production from NEAL 48 is estimated to be worth about $243K in total as of 27 August 2026, within a range of $134K to $353K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in NEAL 48 is a fraction of it. The estimate fits an Arps decline curve to the production NEAL 48 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for NEAL 48 is an estimate of value, not an offer and not an appraisal.
- How much income does NEAL 48 generate in a year?
- NEAL 48 is forecast to net about $45K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in NEAL 48 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Apache Corporation |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Glasscock County, Texas |
| RRC district | 08 |
| Lease number | 41215 |
| Wellbores | 1 |
| Reported production | 19,635 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $243K |
Where NEAL 48 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.