KEIZHA-NEAL 2
KEIZHA-NEAL 2 is a Texas oil lease in Upton County, Railroad Commission district 7C, operated by Summit Petroleum LLC. It has 1 wellbore on file with the Commission. Reported production runs from January 2022 to August 2026, totalling 409,027 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 $8.7M, with roughly $2.3M 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 3,044 barrels a month. Its strongest month on the record we hold was April 2022, at 35,892 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 KEIZHA-NEAL 2
- Who operates KEIZHA-NEAL 2?
- KEIZHA-NEAL 2 is operated by Summit Petroleum LLC, Railroad Commission of Texas operator number 829221.
- Where is KEIZHA-NEAL 2?
- KEIZHA-NEAL 2 is a Texas oil lease in Upton County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 21482.
- Is KEIZHA-NEAL 2 still producing?
- KEIZHA-NEAL 2 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for KEIZHA-NEAL 2 is August 2026.
- How much has KEIZHA-NEAL 2 produced?
- KEIZHA-NEAL 2 has reported 409,027 barrels of oil (bbl) to the Railroad Commission of Texas between January 2022 and August 2026, from 1 wellbore.
- How much is KEIZHA-NEAL 2 worth?
- The remaining production from KEIZHA-NEAL 2 is estimated to be worth about $8.7M in total as of 27 August 2026, within a range of $7.2M to $10.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in KEIZHA-NEAL 2 is a fraction of it. The estimate fits an Arps decline curve to the production KEIZHA-NEAL 2 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for KEIZHA-NEAL 2 is an estimate of value, not an offer and not an appraisal.
- How much income does KEIZHA-NEAL 2 generate in a year?
- KEIZHA-NEAL 2 is forecast to net about $2.3M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in KEIZHA-NEAL 2 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Summit Petroleum LLC |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Upton County, Texas |
| RRC district | 7C |
| Lease number | 21482 |
| Wellbores | 1 |
| Reported production | 409,027 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $8.7M |
Where KEIZHA-NEAL 2 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.