NEIL
NEIL is a Texas gas lease in Wise County, Railroad Commission district 09, operated by Teleo Operating, LLC. It has 1 wellbore on file with the Commission. Reported production runs from September 2007 to August 2026, totalling 2,028,529 thousand cubic feet. 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 $955K, with roughly $158K 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 6,669 thousand cubic feet a month. Its strongest month on the record we hold was December 2018, at 11,656 thousand cubic feet. 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 NEIL
- Who operates NEIL?
- NEIL is operated by Teleo Operating, LLC, Railroad Commission of Texas operator number 841326.
- Where is NEIL?
- NEIL is a Texas gas lease in Wise County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 246084.
- Is NEIL still producing?
- NEIL is currently producing. The most recent month of production reported to the Railroad Commission of Texas for NEIL is August 2026.
- How much has NEIL produced?
- NEIL has reported 2,028,529 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between September 2007 and August 2026, from 1 wellbore.
- How much is NEIL worth?
- The remaining production from NEIL is estimated to be worth about $955K in total as of 26 August 2026, within a range of $793K to $1.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in NEIL is a fraction of it. The estimate fits an Arps decline curve to the production NEIL has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for NEIL is an estimate of value, not an offer and not an appraisal.
- How much income does NEIL generate in a year?
- NEIL is forecast to net about $158K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in NEIL receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Teleo Operating, LLC |
|---|---|
| Field | Newark, East (Barnett Shale) |
| County | Wise County, Texas |
| RRC district | 09 |
| Lease number | 246084 |
| Wellbores | 1 |
| Reported production | 2,028,529 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $955K |
Where NEIL 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.