NEAL RANCH 57 UNIT
NEAL RANCH 57 UNIT is a Texas oil lease in Upton County, Railroad Commission district 7C, operated by Cog Operating LLC. It has 11 wellbores on file with the Commission. Reported production runs from May 2018 to August 2026, totalling 3,318,104 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 $81.2M, with roughly $25.2M 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 39,994 barrels a month, about 3,636 per wellbore. Its strongest month on the record we hold was December 2023, at 225,004 barrels. In our own backtest, leases producing at this rate are forecast to within about 18% 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 57 UNIT
- Who operates NEAL RANCH 57 UNIT?
- NEAL RANCH 57 UNIT is operated by Cog Operating LLC, Railroad Commission of Texas operator number 166150.
- Where is NEAL RANCH 57 UNIT?
- NEAL RANCH 57 UNIT is a Texas oil lease in Upton County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 19981.
- Is NEAL RANCH 57 UNIT still producing?
- NEAL RANCH 57 UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for NEAL RANCH 57 UNIT is August 2026.
- How much has NEAL RANCH 57 UNIT produced?
- NEAL RANCH 57 UNIT has reported 3,318,104 barrels of oil (bbl) to the Railroad Commission of Texas between May 2018 and August 2026, from 11 wellbores.
- How much is NEAL RANCH 57 UNIT worth?
- The remaining production from NEAL RANCH 57 UNIT is estimated to be worth about $81.2M in total as of 27 August 2026, within a range of $66.6M to $95.8M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in NEAL RANCH 57 UNIT is a fraction of it. The estimate fits an Arps decline curve to the production NEAL RANCH 57 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 57 UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does NEAL RANCH 57 UNIT generate in a year?
- NEAL RANCH 57 UNIT is forecast to net about $25.2M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in NEAL RANCH 57 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 | 19981 |
| Wellbores | 11 |
| Reported production | 3,318,104 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $81.2M |
Where NEAL RANCH 57 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.