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Texas oil lease

Producing

PRESTON 18G

Preston 18G 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

4,777bbl oil, last 12 months−3% vs prior year
Operator
Pioneer Natural Res. USA, Inc.
County
Midland County
Field
Spraberry (Trend Area) R 40 Exc
RRC lease
08-50143

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Where it sits

This county

Midland CountyMidlandMartinAndrewsGlasscockHowardEctorMidland County
Midland County
Gas, last 12 months
80,242 mcf
Oil in Jul 2026
349 bbl

Production by month

Oil output fell 3% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 3% over the last 12 monthsMonthly oil production and gas for PRESTON 18G, Aug 2023 to Jul 2026. Oil output fell 3% over the last 12 months. 4,777 bbl in the 12 months through Jul 2026, against 4,942 bbl in the 12 months before.Last 12 months: 4,777 bblbbl per monthmcf per month002505,00050010k75015k1,00020k1,25025kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 3% over the last 12 monthsMonthly oil production and gas for PRESTON 18G, Aug 2023 to Jul 2026. Oil output fell 3% over the last 12 months. 4,777 bbl in the 12 months through Jul 2026, against 4,942 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002505,00050010k75015k1,00020k1,25025kJan 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 18G 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 18G 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% · 76,273 mcf

  • Lease fuel (1)

    4.8% · 3,858 mcf

  • Flared (4)

    0.1% · 111 mcf

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

1 well on this lease

Wells on PRESTON 18G
API numberWell no.Status
42-329-412757HActive

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 gasBuys100Feb 28, 2018–
Targa Pl Mid-Cont Westtex LLCCasinghead gasGathers100Feb 28, 2018–
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, LLCOilGathers5Feb 28, 2018Feb 1, 2020
Plains Marketing, L.p.OilGathers80Feb 28, 2018Feb 1, 2020
Ricky Shuler Trucking INCOilGathers15Feb 28, 2018Feb 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

  • Worth asking

    An allocation well is on this lease

    A well drilled across several tracts shares its production by an allocation formula, so the decimal is not always your acres over the unit acres. Ask the operator for the allocation formula and the tract factor for your land.

  • Worth asking

    A Rule 37 case is listed

    The RRC permit records list a Rule 37 case. This does not establish your royalty share. Ask for the permit and unit plat for your well.

Check your decimal on this lease
Permits for Preston 18G
API numberWell no.Acreson the permit
42-329-412757H1,279.10

SourceRailroad Commission drilling permits, Oct 3, 2026 (source 1, source 2).

Unit decimal checker

Estimate your royalty

36 months, newest first

Ledger for PRESTON 18G
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20263493527,3126,8471$80.46$2.89
Jun 20264114037,6287,1800$84.81$3.15
May 20263143195,2484,9392$102.13$2.94
Apr 20264144107,5357,0150$100.32$2.77
Mar 20263363406,4116,0820$91.38$3.04
Feb 20263623686,0055,69525$64.51$3.62
Jan 20264734686,8226,5436$60.04$7.72
Dec 20253733686,6046,29661$57.97$4.26
Nov 20253733755,8645,63311$60.06$3.79
Oct 20254924946,5526,3180$60.89$3.19
Sep 20254374376,6816,4380$63.96$2.97
Aug 20254434387,5807,2875$64.86$2.91
Jul 20253003019,7329,3920$68.39$3.20
Jun 202534634610,40010,0290$68.17$3.02
May 20253633629,7759,4270$62.17$3.12
Apr 20253563569,9729,6250$63.54$3.42
Mar 20253513509,0568,7240$68.24$4.12
Feb 20253693669,0198,6910$71.53$4.19
Jan 20252252314,9544,7546$75.74$4.13
Dec 20244824818,2017,8910$70.12$3.01
Nov 20244804816,9916,7351$69.95$2.12
Oct 20245275277,0536,7750$71.99$2.20
Sep 20245185196,9546,6660$70.24$2.28
Aug 20246256298,4468,0962$76.68$1.99
Jul 202486486721,08220,2320$81.80$2.07
Jun 202489688818,20317,4200$79.77$2.54
May 202454755917,57116,8210$80.02$2.12
Apr 20241,1891,1797,7237,39713$85.35$1.60
Mar 20246256237,5537,2136$81.28$1.49
Feb 202459960012,10711,6140$77.25$1.72
Jan 202465665511,57011,1130$74.15$3.18
Dec 202385085212,26611,8180$71.90$2.52
Nov 202384084210,2289,8620$77.69$2.71
Oct 20238948979,7579,3880$85.64$2.98
Sep 20238978988,5758,2508$89.43$2.64
Aug 202395595311,6439,4111,812$81.39$2.58

Flared above 3%

SourceTexas Railroad Commission Production Data Query, through Jul 2026. Prices: EIA, through Aug 2026. Updated Oct 2, 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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