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Texas oil lease

Producing

PRESTON 18B

Preston 18B is an oil lease in Midland County, Texas, operated by Pioneer Natural Res. USA, Inc. in the Spraberry (Trend Area) R 40 Exc field.

1 well

3,808bbl oil, last 12 months−45% vs prior year
Operator
Pioneer Natural Res. USA, Inc.
County
Midland County
Field
Spraberry (Trend Area) R 40 Exc
RRC lease
08-48918

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Where it sits

This county

Midland CountyMidlandMartinAndrewsGlasscockHowardEctorMidland County
Midland County
Gas, last 12 months
250,442 mcf
Oil in Jul 2026
288 bbl

Production by month

Oil output fell 45% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 45% over the last 12 monthsMonthly oil production and gas for PRESTON 18B, Aug 2023 to Jul 2026. Oil output fell 45% over the last 12 months. 3,808 bbl in the 12 months through Jul 2026, against 6,930 bbl in the 12 months before.Last 12 months: 3,808 bblbbl per monthmcf per month0020010k40020k60030k80040kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 45% over the last 12 monthsMonthly oil production and gas for PRESTON 18B, Aug 2023 to Jul 2026. Oil output fell 45% over the last 12 months. 3,808 bbl in the 12 months through Jul 2026, against 6,930 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month0020010k40020k60030k80040kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

97% of the gas went to a processing plant in the last 12 months

Flaring peaked at 15.7% of the gas in Aug 2023.

  • Processing plant (3)
  • Lease fuel (1)
  • Flared (4)
97% of the gas went to a processing plant in the last 12 monthsShare of PRESTON 18B gas by disposition code each month, Aug 2023 to Jul 2026. 97% of the gas went to a processing plant in the last 12 months. Flaring peaked at 15.7% of the gas in Aug 2023.Share of the lease’s gas by disposition code, per month0%50%100%Flared 15.7%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
97% of the gas went to a processing plant in the last 12 monthsShare of PRESTON 18B gas by disposition code each month, Aug 2023 to Jul 2026. 97% of the gas went to a processing plant in the last 12 months. Flaring peaked at 15.7% of the gas in Aug 2023.Share of gas by disposition code0%50%100%Flared 15.7%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    97% · 241,752 mcf

  • Lease fuel (1)

    3.3% · 8,351 mcf

  • Flared (4)

    0.1% · 339 mcf

0.1% of the gas flared in the last 12 months. One month above 3%.

1 well on this lease

Wells on PRESTON 18B
API numberWell no.Status
42-329-408992HActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Anchor Crude Marketing, LLCOilGathers34Sep 1, 2025–
Oasis Transp & Marketing Corp.OilGathers33Sep 1, 2025–
Plains Marketing, L.p.OilGathers33Sep 1, 2025–
Targa Pl Mid-Cont Westtex LLCCasinghead gasBuys100Jun 6, 2017–
Targa Pl Mid-Cont Westtex LLCCasinghead gasGathers100Jun 6, 2017–
Oasis Transp & Marketing Corp.OilGathers50Feb 1, 2022Sep 1, 2025
Plains Marketing, L.p.OilGathers50Feb 1, 2020Sep 1, 2025
Pilot Travel Centers LLCOilGathers50Feb 1, 2020Feb 1, 2022
Gibson Energy Marketing, LLCOilGathers5Jun 6, 2017Feb 1, 2020
Plains Marketing, L.p.OilGathers80Jun 6, 2017Feb 1, 2020
Ricky Shuler Trucking INCOilGathers15Jun 6, 2017Feb 1, 2020

SourceRailroad Commission Form P-4 file, Sep 24, 2026 (source).

Who buys my oilOil price check

1,279.10 acres on the newest permit

Permits for Preston 18B
API numberWell no.Acreson the permit
42-329-408992H1,279.10

SourceRailroad Commission drilling permits, Sep 26, 2026 (source 1, source 2).

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36 months, newest first

Ledger for PRESTON 18B
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 202628828820,36020,2664$80.46$2.89
Jun 202627827323,87023,7691$84.81$3.15
May 202623022717,46317,3856$102.13$2.94
Apr 202683887,9757,4050$100.32$2.77
Mar 202627928225,86824,5041$91.38$3.04
Feb 202630130421,63220,48592$64.51$3.62
Jan 202635034623,87722,86920$60.04$7.72
Dec 202528728616,78715,986158$57.97$4.26
Nov 202538238321,28420,43040$60.06$3.79
Oct 202542843022,76621,9351$60.89$3.19
Sep 202540941122,50821,6810$63.96$2.97
Aug 202549349526,05225,03716$64.86$2.91
Jul 202562061827,04026,0940$68.39$3.20
Jun 202553153231,94230,8000$68.17$3.02
May 202560460530,96729,8610$62.17$3.12
Apr 202570570329,98728,9410$63.54$3.42
Mar 202560760329,07428,0030$68.24$4.12
Feb 202550450528,80127,7490$71.53$4.19
Jan 202557457333,66632,29743$75.74$4.13
Dec 202451851730,40129,2390$70.12$3.01
Nov 202451851928,38127,3303$69.95$2.12
Oct 202452152224,27923,3090$71.99$2.20
Sep 202457257321,70720,7970$70.24$2.28
Aug 202465665722,55121,6077$76.68$1.99
Jul 202473272826,48725,4170$81.80$2.07
Jun 202447047518,34817,5550$79.77$2.54
May 202474473821,64820,7240$80.02$2.12
Apr 202442142315,56914,89927$85.35$1.60
Mar 202451251011,85311,3159$81.28$1.49
Feb 202448748612,55112,0380$77.25$1.72
Jan 202440140011,86911,3970$74.15$3.18
Dec 202352252313,40912,9160$71.90$2.52
Nov 202351351512,61912,1630$77.69$2.71
Oct 202355555814,31013,7630$85.64$2.98
Sep 202364164016,83616,19217$89.43$2.64
Aug 202359158618,06114,5682,835$81.39$2.58

Flared above 3%

SourceTexas Railroad Commission Production Data Query, through Jul 2026. Prices: EIA, through Aug 2026. Updated Sep 28, 2026.

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This lease belongs to

OperatorPioneer Natural Res. USA, Inc.FieldSpraberry (Trend Area) R 40 ExcCountyMidland County

Pioneer Natural Res. USA, Inc. in Midland County

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Spraberry (Trend Area) R 40 Exc field

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