NEAL 34X
NEAL 34X 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 1,033,421 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 $21.6M, with roughly $5.7M 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 6,295 barrels a month, about 2,098 per wellbore. Its strongest month on the record we hold was May 2022, at 80,804 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 34X
- Who operates NEAL 34X?
- NEAL 34X is operated by Ovintiv USA Inc., Railroad Commission of Texas operator number 628658.
- Where is NEAL 34X?
- NEAL 34X is a Texas oil lease in Upton County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 21666.
- Is NEAL 34X still producing?
- NEAL 34X is currently producing. The most recent month of production reported to the Railroad Commission of Texas for NEAL 34X is August 2026.
- How much has NEAL 34X produced?
- NEAL 34X has reported 1,033,421 barrels of oil (bbl) to the Railroad Commission of Texas between February 2022 and August 2026, from 3 wellbores.
- How much is NEAL 34X worth?
- The remaining production from NEAL 34X is estimated to be worth about $21.6M in total as of 27 August 2026, within a range of $18.0M to $25.3M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in NEAL 34X is a fraction of it. The estimate fits an Arps decline curve to the production NEAL 34X has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for NEAL 34X is an estimate of value, not an offer and not an appraisal.
- How much income does NEAL 34X generate in a year?
- NEAL 34X is forecast to net about $5.7M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in NEAL 34X 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 | 21666 |
| Wellbores | 3 |
| Reported production | 1,033,421 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $21.6M |
Where NEAL 34X 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.