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Royalty Clerk

Texas oil lease · RRC district 08 · Lease 48823

Producing

PRESTON 18F

Preston 18F is an oil lease in Midland County, Texas, operated by Pioneer Natural Res. USA, Inc. in the Spraberry (Trend Area) R 40 Exc field. The Railroad Commission shows 3,549 bbl of oil in the 12 months through Jul 2026.

Oil lease dossier · 1 well

3,549bbl oil, last 12 months−77% vs prior year
Operator
Pioneer Natural Res. USA, Inc.
County
Midland County
Field
Spraberry (Trend Area) R 40 Exc
RRC lease
08-48823

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Where it sits

This county

Midland CountyMidlandMartinAndrewsGlasscockHowardEctorMidland County
Midland County · RRC district 08Open Midland County →
Gas, last 12 months
276,722 mcf
Oil in Jul 2026
129 bbl
Reporting to the state
since Jan 2020
Wells
1

Production

Month by month, from the state record

What the Railroad Commission says this oil lease produced. Oil is in barrels (bbl). Gas is in thousand cubic feet (mcf).

Oil output fell 77% over the last 12 months

3,549 bbl in the 12 months through Jul 2026, against 15,507 bbl in the 12 months before.

  • Oil (bars, left axis)
  • Gas (line, right axis)
  • Last 12 months
Oil output fell 77% over the last 12 monthsMonthly oil production and gas for PRESTON 18F, Aug 2023 to Jul 2026. Oil output fell 77% over the last 12 months. 3,549 bbl in the 12 months through Jul 2026, against 15,507 bbl in the 12 months before.Last 12 months: 3,549 bblbbl per monthmcf per month0050010k1,00020k1,50030k2,00040k2,50050kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 77% over the last 12 monthsMonthly oil production and gas for PRESTON 18F, Aug 2023 to Jul 2026. Oil output fell 77% over the last 12 months. 3,549 bbl in the 12 months through Jul 2026, against 15,507 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month0050010k1,00020k1,50030k2,00040k2,50050kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, oil lease 48823, district 08. Reported through Jul 2026. The state revises recent months.

Gas disposition

Where the gas went

Every month the operator tells the state where each mcf of gas went, using a code. The code decides how your gas is paid.

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

Flaring peaked at 14.4% 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 18F 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 14.4% of the gas in Aug 2023.Share of the lease’s gas by disposition code, per month0%50%100%Flared 14.4%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
95% of the gas went to a processing plant in the last 12 monthsShare of PRESTON 18F 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 14.4% of the gas in Aug 2023.Share of gas by disposition code0%50%100%Flared 14.4%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, gas disposition by code, lease 48823, district 08. Reported through Jul 2026.

Processing plant (3)

Sent to a gas plant that pulls out natural gas liquids. Your statement should show plant products, and may show processing fees.

Lease fuel (1)

Burned to run equipment on the lease. Not sold, so it pays no royalty. A few percent is normal.

Flared (4)

Burned off or vented, not sold. It pays no royalty. More than 3% in a month is worth watching.

Over the last 12 months, 0.1% of the gas was flared. One month went above 3%, which we mark in the ledger below.

Operator history

Who has run this lease

The operator runs the wells and pays your royalty. When the operator changes, payments often slip for a month or two.

Pioneer Natural Res. USA, Inc. has reported this lease for the whole period

No change of operator in the months we hold.

Operators of this lease over timePioneer Natural Res. USA, Inc., Jan 2020 to Jul 20262020202120222023202420252026Pioneer Natural Res. USA, Inc.Jan 2020 to nowthrough Jul 2026
Operators of this lease over timePioneer Natural Res. USA, Inc., Jan 2020 to Jul 20262020202120222023202420252026Pioneer Natural Res. USA, Inc.Jan 2020 to nowthrough Jul 2026

SourceTexas Railroad Commission Production Data Query, operator by month. Reported through Jul 2026.

Wells

1 well on this lease

Every well the Railroad Commission links to oil lease 48823 in district 08. The API number is the state’s ID for a well.
Wells on PRESTON 18F
API numberWell no.Status
42-329-409046HActive

SourceTexas Railroad Commission Wellbore Query, district 08, lease 48823.

Who buys and gathers

Who moves and buys this lease's production

The operator files a Form P-4 with the Railroad Commission naming the companies authorised to gather and buy the oil and gas. The buyer's price is the one your royalty is figured on.

  • Oil

    Anchor Crude Marketing, LLC, Oasis Transp & Marketing Corp. and Plains Marketing, L.p. gather it.

    Anchor Crude Marketing, LLC gathers it: 34% of it, on the list since Sep 1, 2025 · Oasis Transp & Marketing Corp. gathers it: 33% of it, on the list since Sep 1, 2025 · Plains Marketing, L.p. gathers it: 33% of it, on the list since Sep 1, 2025

  • Gas from oil wells

    Targa Pl Mid-Cont Westtex LLC buys and gathers it.

    Targa Pl Mid-Cont Westtex LLC buys it: 100% of it, on the list since Dec 13, 2016 · Targa Pl Mid-Cont Westtex LLC gathers it: 100% of it, on the list since Dec 13, 2016

Companies that used to be listed: Oasis Transp & Marketing Corp. (gathers it, until Sep 1, 2025); Plains Marketing, L.p. (gathers it, until Sep 1, 2025); Pilot Travel Centers LLC (gathers it, until Feb 1, 2022); Gibson Energy Marketing, LLC (gathers it, until Feb 1, 2020); Plains Marketing, L.p. (gathers it, until Feb 1, 2020); Ricky Shuler Trucking INC (gathers it, until Feb 1, 2020).

SourceRailroad Commission of Texas, Form P-4 file, dated Sep 24, 2026 (source). A listed company is authorised to move or buy the production; the state does not say what it paid.

Who buys my oil and gasIs my oil price fair?

Unit and wells

1,279.10 acres on the newest permit

Acres and wells as the operator filed them on its Railroad Commission drilling permits. Your decimal is your net acres over the unit acres, so this is the number to hold your division order against.
Wells on the permits
11 not plugged
Horizontal
1
First completion
Dec 13, 2016
Latest permit
Apr 20, 2016
Wells and acres on the permits for Preston 18F
API numberWell no.Acreson the permit
42-329-409046H1,279.10

SourceRailroad Commission of Texas, drilling permits and wellbore file, Sep 26, 2026 (source 1, source 2). The acres are what the operator filed; they are not a survey.

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Estimator

Estimate your royalty for this lease

A rough check before you look at a statement: the state volumes times your decimal, priced at WTI and Henry Hub.

Estimator

What could your check be?

Your decimal interest is the small number on your division order that says what share of the whole lease (8/8ths) is yours. Type it in and we apply it to what the state says PRESTON 18F sold each month.

For example 0.00097656, or a fraction like 1/1024.

Dollars per barrel. Your statements show the gap your operator uses. Leave 0 to price oil at WTI.

Your estimate appears here

Enter your decimal to see an estimated royalty for each of the last 12 months this lease reported. Nothing you type leaves your browser.

An estimate, not your check

It ignores gathering and processing fees, taxes, plant products and the price your operator actually gets, so your statement will differ. Use it as a ceiling to compare against. Regional gas prices are often below Henry Hub.

Ledger

36 months, newest first

Compare these numbers with your statements. Your share of a month is the “Oil sold” volume times your decimal. Scroll sideways on a phone.
Monthly production, disposition and prices for PRESTON 18F
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3Flaredmcf, code 4WTI$ per bblHenry Hub$ per MMBtu
Jul 2026Pioneer Natural12912918,10216,9323$80.46$2.89
Jun 2026Pioneer Natural13012825,35723,8321$84.81$3.15
May 2026Pioneer Natural10410230,44428,59910$102.13$2.94
Apr 2026Pioneer Natural27294,8344,4870$100.32$2.77
Mar 2026Pioneer Natural11712135,25233,3842$91.38$3.04
Feb 2026Pioneer Natural19719820,50919,41987$64.51$3.62
Jan 2026Pioneer Natural20120322,31221,36719$60.04$7.72
Dec 2025Pioneer Natural26726718,53917,653175$57.97$4.26
Nov 2025Pioneer Natural41741322,79021,87543$60.06$3.79
Oct 2025Pioneer Natural27829026,33325,3701$60.89$3.19
Sep 2025Pioneer Natural60261525,78624,8390$63.96$2.97
Aug 2025Pioneer Natural1,0801,07326,46425,43716$64.86$2.91
Jul 2025Pioneer Natural93092320,63219,9150$68.39$3.20
Jun 2025Pioneer Natural64166123,21922,3900$68.17$3.02
May 2025Pioneer Natural1,4711,46530,15929,0890$62.17$3.12
Apr 2025Pioneer Natural1,3951,39227,21126,2690$63.54$3.42
Mar 2025Pioneer Natural1,3161,31725,87824,9330$68.24$4.12
Feb 2025Pioneer Natural1,4631,47024,54123,6530$71.53$4.19
Jan 2025Pioneer Natural1,9511,94924,61923,63131$75.74$4.13
Dec 2024Pioneer Natural1,7011,7009,3348,9920$70.12$3.01
Nov 2024Pioneer Natural1,8181,82716,40115,8061$69.95$2.12
Oct 2024Pioneer Natural2,2822,2489,8109,4400$71.99$2.20
Sep 2024Pioneer Natural4564509138790$70.24$2.28
Aug 2024Pioneer Natural83833052930$76.68$1.99
Jul 2024Pioneer Natural85842622520$81.80$2.07
Jun 2024Pioneer Natural73832182090$79.77$2.54
May 2024Pioneer Natural59959011,20210,7260$80.02$2.12
Apr 2024Pioneer Natural1211214314131$85.35$1.60
Mar 2024Pioneer Natural1171183903740$81.28$1.49
Feb 2024Pioneer Natural1741754534360$77.25$1.72
Jan 2024Pioneer Natural2422417807520$74.15$3.18
Dec 2023Pioneer Natural2562578097810$71.90$2.52
Nov 2023Pioneer Natural2892908648350$77.69$2.71
Oct 2023Pioneer Natural3223209469120$85.64$2.98
Sep 2023Pioneer Natural1531542102030$89.43$2.64
Aug 2023Pioneer Natural20620542334861$81.39$2.58

No report filed More than 3% of gas flared

SourceVolumes: Texas Railroad Commission Production Data Query, reported through Jul 2026. Prices: EIA WTI Cushing spot and Henry Hub spot, monthly, through Aug 2026. “Gas sold” is gas sent to a transmission line (code 2) or a plant (code 3).

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Upload your statements for PRESTON 18F. We compare volumes, prices, deductions and timing with the state record and give you the exact question to ask Pioneer Natural Res. USA, Inc.

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Around this lease

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Everything on this page connects to the operator, field and county records. Start from any of them.

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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Leases within 10 km

Found by the location of their wells.

Drilling permits within 10 km

How to read this page

Questions owners ask

What is a decimal interest?

It is your share of the whole lease, written as a decimal. A 1/4 royalty on 5 net acres in a 1,280-acre unit is 1/4 × 5 ÷ 1,280 = 0.00097656. Your division order states yours.

How do I use this page to check a royalty check?

Take the “Oil sold” volume for the month the check covers and multiply it by your decimal. The answer should match the barrels on your statement. If it does not, upload the statement and we will show where the two differ.

Why is the newest month Jul 2026?

The Railroad Commission publishes production two to three months after the fact and revises recent months. We re-pull the latest three months on every update.

Does this page show what my check should be?

No. It shows what the state recorded. Prices, fees and taxes depend on your lease and on what your operator gets for the oil and gas. The estimator gives a ceiling to compare against.

Sources and method

Where these numbers come from

  • Production and disposition by month: Texas Railroad Commission Production Data Query, oil lease 48823, district 08, reported through Jul 2026.
  • Wells: Texas Railroad Commission Wellbore Query.
  • Prices: U.S. Energy Information Administration, WTI Cushing spot and Henry Hub spot, monthly.
  • Page updated Sep 28, 2026.

We show the state’s numbers as filed. Where the state has no report for a month, we say so instead of guessing.

FAQ

Questions about PRESTON 18F

Who operates the PRESTON 18F lease?

The Railroad Commission lists Pioneer Natural Res. USA, Inc. (operator number 665748) as the operator of this lease in Midland County, Texas. The operator history on this page shows earlier operators and when the record changed.

How much has the PRESTON 18F lease produced?

The lease reported 3,549 bbl of oil and 276,722 mcf of gas in the last 12 months through Jul 2026. Monthly figures for 36 months are in the ledger on this page, taken from the Railroad Commission's production data.

Does this page show who owns the royalty?

No. Railroad Commission records show who operates a lease and what it reported, not who owns the minerals or receives royalty. Your division order and royalty stub name the lease and your decimal interest.

How do I check my royalty stub against this lease?

Multiply the lease's volume for a month by your decimal interest and compare it with the barrels and mcf on your stub for the same month. The two are seldom identical, since sales and reporting months can differ, but a large gap is worth a question to the operator.

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