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Texas oil lease

Producing

PRESTON 18D

Preston 18D 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

1,161bbl oil, last 12 months−79% vs prior year
Operator
Pioneer Natural Res. USA, Inc.
County
Midland County
Field
Spraberry (Trend Area) R 40 Exc
RRC lease
08-48920

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Where it sits

This county

Midland CountyMidlandMartinAndrewsGlasscockHowardEctorMidland County
Midland County
Gas, last 12 months
170,805 mcf
Oil in Jul 2026
59 bbl

Production by month

Oil output fell 79% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 79% over the last 12 monthsMonthly oil production and gas for PRESTON 18D, Aug 2023 to Jul 2026. Oil output fell 79% over the last 12 months. 1,161 bbl in the 12 months through Jul 2026, against 5,475 bbl in the 12 months before.Last 12 months: 1,161 bblbbl per monthmcf per month0025010k50020k75030k1,00040k1,25050kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 79% over the last 12 monthsMonthly oil production and gas for PRESTON 18D, Aug 2023 to Jul 2026. Oil output fell 79% over the last 12 months. 1,161 bbl in the 12 months through Jul 2026, against 5,475 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month0025010k50020k75030k1,00040k1,25050kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

95% of the gas went to a processing plant in the last 12 months

Flaring peaked at 15.6% of the gas in Aug 2023.

  • Processing plant (3)
  • Lease fuel (1)
  • Flared (4)
95% of the gas went to a processing plant in the last 12 monthsShare of PRESTON 18D gas by disposition code each month, Aug 2023 to Jul 2026. 95% of the gas went to a processing plant in the last 12 months. Flaring peaked at 15.6% of the gas in Aug 2023.Share of the lease’s gas by disposition code, per month0%50%100%Flared 15.6%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
95% of the gas went to a processing plant in the last 12 monthsShare of PRESTON 18D gas by disposition code each month, Aug 2023 to Jul 2026. 95% of the gas went to a processing plant in the last 12 months. Flaring peaked at 15.6% of the gas in Aug 2023.Share of gas by disposition code0%50%100%Flared 15.6%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    95% · 162,534 mcf

  • Lease fuel (1)

    4.7% · 8,006 mcf

  • Flared (4)

    0.2% · 265 mcf

0.2% of the gas flared in the last 12 months. One month above 3%.

1 well on this lease

Wells on PRESTON 18D
API numberWell no.Status
42-329-409014HShut-in

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 10, 2017–
Targa Pl Mid-Cont Westtex LLCCasinghead gasGathers100Jun 10, 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 10, 2017Feb 1, 2020
Plains Marketing, L.p.OilGathers80Jun 10, 2017Feb 1, 2020
Ricky Shuler Trucking INCOilGathers15Jun 10, 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 18D
API numberWell no.Acreson the permit
42-329-409014H1,279.10

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

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36 months, newest first

Ledger for PRESTON 18D
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 202659629,5318,9142$80.46$2.89
Jun 202613112817,24116,2051$84.81$3.15
May 2026868617,94916,8626$102.13$2.94
Apr 202664653,8623,5870$100.32$2.77
Mar 202610610512,13911,4981$91.38$3.04
Feb 2026666911,42310,81449$64.51$3.62
Jan 202612412219,05018,24216$60.04$7.72
Dec 2025898816,10415,331152$57.97$4.26
Nov 2025717114,06813,50027$60.06$3.79
Oct 2025909115,70015,1250$60.89$3.19
Sep 20259810016,59815,9860$63.96$2.97
Aug 202517718417,14016,47011$64.86$2.91
Jul 202545445919,51418,8310$68.39$3.20
Jun 202564764720,25419,5320$68.17$3.02
May 202566666217,45216,8310$62.17$3.12
Apr 202557557315,34814,8150$63.54$3.42
Mar 202549348615,45614,8880$68.24$4.12
Feb 202521922311,76711,3370$71.53$4.19
Jan 202542842818,75917,99724$75.74$4.13
Dec 202438338317,23116,5730$70.12$3.01
Nov 202445645715,99815,4071$69.95$2.12
Oct 202445745714,61114,0290$71.99$2.20
Sep 202447747214,25313,6570$70.24$2.28
Aug 20242202235,7265,4862$76.68$1.99
Jul 202437537912,43811,9360$81.80$2.07
Jun 202454454417,27316,5280$79.77$2.54
May 202460960820,85719,9660$80.02$2.12
Apr 202453954126,22725,09746$85.35$1.60
Mar 202461861028,63027,32422$81.28$1.49
Feb 202425625916,62915,9450$77.25$1.72
Jan 20244144128,0757,7560$74.15$3.18
Dec 20234874908,9338,6060$71.90$2.52
Nov 20235825888,5178,2110$77.69$2.71
Oct 20238918978,9058,5680$85.64$2.98
Sep 20231,0541,04913,54613,03014$89.43$2.64
Aug 202379879714,80311,9512,315$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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