NEAL "22"
NEAL "22" is a Texas oil lease in Upton County, Railroad Commission district 7C, operated by Prime Operating Company. It has 4 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 201,776 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 $810K, with roughly $154K 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 126 barrels a month, about 32 per wellbore. Its strongest month on the record we hold was December 2017, at 926 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 "22"
- Who operates NEAL "22"?
- NEAL "22" is operated by Prime Operating Company, Railroad Commission of Texas operator number 677770.
- Where is NEAL "22"?
- NEAL "22" is a Texas oil lease in Upton County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 10726.
- Is NEAL "22" still producing?
- NEAL "22" is currently producing. The most recent month of production reported to the Railroad Commission of Texas for NEAL "22" is August 2026.
- How much has NEAL "22" produced?
- NEAL "22" has reported 201,776 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 4 wellbores.
- How much is NEAL "22" worth?
- The remaining production from NEAL "22" is estimated to be worth about $810K in total as of 27 August 2026, within a range of $631K to $988K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in NEAL "22" is a fraction of it. The estimate fits an Arps decline curve to the production NEAL "22" has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for NEAL "22" is an estimate of value, not an offer and not an appraisal.
- How much income does NEAL "22" generate in a year?
- NEAL "22" is forecast to net about $154K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in NEAL "22" receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Prime Operating Company |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Upton County, Texas |
| RRC district | 7C |
| Lease number | 10726 |
| Wellbores | 4 |
| Reported production | 201,776 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $810K |
Where NEAL "22" 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.