NEAL 45
NEAL 45 is a Texas oil lease in Upton County, Railroad Commission district 7C, operated by Encana Oil & Gas(USA) Inc. It has 4 wellbores on file with the Commission. Reported production runs from May 2015 to August 2026, totalling 100,943 barrels. The lease is intermittent. 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 $1.6M, with roughly $628K 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 693 barrels a month, about 173 per wellbore. Its strongest month on the record we hold was November 2025, at 1,463 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 45
- Who operates NEAL 45?
- NEAL 45 is operated by Encana Oil & Gas(USA) Inc., Railroad Commission of Texas operator number 251691.
- Where is NEAL 45?
- NEAL 45 is a Texas oil lease in Upton County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 19013.
- Is NEAL 45 still producing?
- NEAL 45 is intermittent. The most recent month of production reported to the Railroad Commission of Texas for NEAL 45 is August 2026.
- How much has NEAL 45 produced?
- NEAL 45 has reported 100,943 barrels of oil (bbl) to the Railroad Commission of Texas between May 2015 and August 2026, from 4 wellbores.
- How much is NEAL 45 worth?
- The remaining production from NEAL 45 is estimated to be worth about $1.6M in total as of 27 August 2026, within a range of $1.3M to $2.0M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in NEAL 45 is a fraction of it. The estimate fits an Arps decline curve to the production NEAL 45 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for NEAL 45 is an estimate of value, not an offer and not an appraisal.
- How much income does NEAL 45 generate in a year?
- NEAL 45 is forecast to net about $628K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in NEAL 45 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Encana Oil & Gas(USA) Inc. |
|---|---|
| Field | Spraberry (Trend Area) R 40 Exc |
| County | Upton County, Texas |
| RRC district | 7C |
| Lease number | 19013 |
| Wellbores | 4 |
| Reported production | 100,943 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.6M |
Where NEAL 45 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.