NEO UNIT
NEO UNIT is a Texas oil lease in Lavaca County, Railroad Commission district 02, operated by Matrix Petroleum, LLC. It has 1 wellbore on file with the Commission. Reported production runs from January 2025 to August 2026, totalling 118,427 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 $7.2M, with roughly $2.6M 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 6,046 barrels a month. Its strongest month on the record we hold was March 2025, at 14,024 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 NEO UNIT
- Who operates NEO UNIT?
- NEO UNIT is operated by Matrix Petroleum, LLC, Railroad Commission of Texas operator number 533268.
- Where is NEO UNIT?
- NEO UNIT is a Texas oil lease in Lavaca County, Texas, in Railroad Commission district 02. Its Railroad Commission lease number is 13022.
- Is NEO UNIT still producing?
- NEO UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for NEO UNIT is August 2026.
- How much has NEO UNIT produced?
- NEO UNIT has reported 118,427 barrels of oil (bbl) to the Railroad Commission of Texas between January 2025 and August 2026, from 1 wellbore.
- How much is NEO UNIT worth?
- The remaining production from NEO UNIT is estimated to be worth about $7.2M in total as of 27 August 2026, within a range of $6.0M to $8.4M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in NEO UNIT is a fraction of it. The estimate fits an Arps decline curve to the production NEO UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for NEO UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does NEO UNIT generate in a year?
- NEO UNIT is forecast to net about $2.6M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in NEO UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Matrix Petroleum, LLC |
|---|---|
| Field | Eagleville (Eagle Ford-2) |
| County | Lavaca County, Texas |
| RRC district | 02 |
| Lease number | 13022 |
| Wellbores | 1 |
| Reported production | 118,427 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $7.2M |
Where NEO 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.