NEAL 34G
NEAL 34G is a Texas oil lease in Upton County, Railroad Commission district 7C, operated by Ovintiv USA Inc. It has 3 wellbores on file with the Commission. Reported production runs from February 2022 to August 2026, totalling 712,046 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 $13.1M, with roughly $3.5M 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 4,595 barrels a month, about 1,532 per wellbore. Its strongest month on the record we hold was March 2022, at 93,091 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 NEAL 34G
- Who operates NEAL 34G?
- NEAL 34G is operated by Ovintiv USA Inc., Railroad Commission of Texas operator number 628658.
- Where is NEAL 34G?
- NEAL 34G is a Texas oil lease in Upton County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 21645.
- Is NEAL 34G still producing?
- NEAL 34G is currently producing. The most recent month of production reported to the Railroad Commission of Texas for NEAL 34G is August 2026.
- How much has NEAL 34G produced?
- NEAL 34G has reported 712,046 barrels of oil (bbl) to the Railroad Commission of Texas between February 2022 and August 2026, from 3 wellbores.
- How much is NEAL 34G worth?
- The remaining production from NEAL 34G is estimated to be worth about $13.1M in total as of 27 August 2026, within a range of $10.8M to $15.3M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in NEAL 34G is a fraction of it. The estimate fits an Arps decline curve to the production NEAL 34G has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for NEAL 34G is an estimate of value, not an offer and not an appraisal.
- How much income does NEAL 34G generate in a year?
- NEAL 34G is forecast to net about $3.5M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in NEAL 34G receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Ovintiv USA Inc. |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Upton County, Texas |
| RRC district | 7C |
| Lease number | 21645 |
| Wellbores | 3 |
| Reported production | 712,046 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $13.1M |
Where NEAL 34G 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.