NEAL RANCH 41 UNIT
NEAL RANCH 41 UNIT is a Texas oil lease in Upton County, Railroad Commission district 7C, operated by Cog Operating LLC. It has 2 wellbores on file with the Commission. Reported production runs from January 2021 to August 2026, totalling 810,436 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 $4.2M 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 5,328 barrels a month, about 2,664 per wellbore. Its strongest month on the record we hold was August 2021, at 52,083 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 RANCH 41 UNIT
- Who operates NEAL RANCH 41 UNIT?
- NEAL RANCH 41 UNIT is operated by Cog Operating LLC, Railroad Commission of Texas operator number 166150.
- Where is NEAL RANCH 41 UNIT?
- NEAL RANCH 41 UNIT is a Texas oil lease in Upton County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 21371.
- Is NEAL RANCH 41 UNIT still producing?
- NEAL RANCH 41 UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for NEAL RANCH 41 UNIT is August 2026.
- How much has NEAL RANCH 41 UNIT produced?
- NEAL RANCH 41 UNIT has reported 810,436 barrels of oil (bbl) to the Railroad Commission of Texas between January 2021 and August 2026, from 2 wellbores.
- How much is NEAL RANCH 41 UNIT worth?
- The remaining production from NEAL RANCH 41 UNIT is estimated to be worth about $13.1M in total as of 26 August 2026, within a range of $10.9M to $15.3M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in NEAL RANCH 41 UNIT is a fraction of it. The estimate fits an Arps decline curve to the production NEAL RANCH 41 UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for NEAL RANCH 41 UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does NEAL RANCH 41 UNIT generate in a year?
- NEAL RANCH 41 UNIT is forecast to net about $4.2M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in NEAL RANCH 41 UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Cog Operating LLC |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Upton County, Texas |
| RRC district | 7C |
| Lease number | 21371 |
| Wellbores | 2 |
| Reported production | 810,436 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $13.1M |
Where NEAL RANCH 41 UNIT 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.