NEAL RANCH "47"
NEAL RANCH "47" is a Texas oil lease in Upton County, Railroad Commission district 7C, operated by Cog Operating LLC. It has 17 wellbores on file with the Commission. Reported production runs from April 2010 to August 2026, totalling 1,153,611 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 $2.2M, with roughly $1.0M 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 1,934 barrels a month, about 114 per wellbore. Its strongest month on the record we hold was June 2016, at 8,855 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 "47"
- Who operates NEAL RANCH "47"?
- NEAL RANCH "47" is operated by Cog Operating LLC, Railroad Commission of Texas operator number 166150.
- Where is NEAL RANCH "47"?
- NEAL RANCH "47" is a Texas oil lease in Upton County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 17275.
- Is NEAL RANCH "47" still producing?
- NEAL RANCH "47" is currently producing. The most recent month of production reported to the Railroad Commission of Texas for NEAL RANCH "47" is August 2026.
- How much has NEAL RANCH "47" produced?
- NEAL RANCH "47" has reported 1,153,611 barrels of oil (bbl) to the Railroad Commission of Texas between April 2010 and August 2026, from 17 wellbores.
- How much is NEAL RANCH "47" worth?
- The remaining production from NEAL RANCH "47" is estimated to be worth about $2.2M in total as of 26 August 2026, within a range of $1.9M to $2.6M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in NEAL RANCH "47" is a fraction of it. The estimate fits an Arps decline curve to the production NEAL RANCH "47" 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 "47" is an estimate of value, not an offer and not an appraisal.
- How much income does NEAL RANCH "47" generate in a year?
- NEAL RANCH "47" is forecast to net about $1.0M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in NEAL RANCH "47" 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 | 17275 |
| Wellbores | 17 |
| Reported production | 1,153,611 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $2.2M |
Where NEAL RANCH "47" 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.