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Texas oil lease

Producing

PRESTON 18H

Preston 18H 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

6,865bbl oil, last 12 months−31% vs prior year
Operator
Pioneer Natural Res. USA, Inc.
County
Midland County
Field
Spraberry (Trend Area) R 40 Exc
RRC lease
08-50180

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Where it sits

This county

Midland CountyMidlandMartinAndrewsGlasscockHowardEctorMidland County
Midland County
Gas, last 12 months
180,536 mcf
Oil in Jul 2026
588 bbl

Production by month

Oil output fell 31% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 31% over the last 12 monthsMonthly oil production and gas for PRESTON 18H, Aug 2023 to Jul 2026. Oil output fell 31% over the last 12 months. 6,865 bbl in the 12 months through Jul 2026, against 9,932 bbl in the 12 months before.Last 12 months: 6,865 bblbbl per monthmcf per month0050010k1,00020k1,50030k2,00040kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 31% over the last 12 monthsMonthly oil production and gas for PRESTON 18H, Aug 2023 to Jul 2026. Oil output fell 31% over the last 12 months. 6,865 bbl in the 12 months through Jul 2026, against 9,932 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month0050010k1,00020k1,50030k2,00040kJan 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 18H 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 18H 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% · 171,481 mcf

  • Lease fuel (1)

    4.9% · 8,854 mcf

  • Flared (4)

    0.1% · 201 mcf

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

1 well on this lease

Wells on PRESTON 18H
API numberWell no.Status
42-329-412768HActive

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 26, 2018–
Targa Pl Mid-Cont Westtex LLCCasinghead gasGathers100Feb 26, 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, LLCOilGathers0.50Feb 26, 2018Feb 1, 2020
Plains Marketing, L.p.OilGathers80Feb 26, 2018Feb 1, 2020
Ricky Shuler Trucking INCOilGathers19.50Feb 26, 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 18H
API numberWell no.Acreson the permit
42-329-412768H1,279.10

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

Unit decimal checker

Estimate your royalty

36 months, newest first

Ledger for PRESTON 18H
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 202658859217,41716,3033$80.46$2.89
Jun 202664763715,18014,2831$84.81$3.15
May 202663263513,87413,0514$102.13$2.94
Apr 202662361818,39017,0990$100.32$2.77
Mar 202650050316,44415,5871$91.38$3.04
Feb 202648748714,33813,58760$64.51$3.62
Jan 20264304279,7309,3268$60.04$7.72
Dec 20253753769,2868,84986$57.97$4.26
Nov 202563363615,57114,95229$60.06$3.79
Oct 202577677917,68417,0441$60.89$3.19
Sep 202569769020,21319,4730$63.96$2.97
Aug 202547747312,40911,9278$64.86$2.91
Jul 202539639617,79617,1730$68.39$3.20
Jun 202540540717,95017,3090$68.17$3.02
May 202546746721,42820,6630$62.17$3.12
Apr 202552352228,60027,6010$63.54$3.42
Mar 202567568028,91127,8470$68.24$4.12
Feb 202582282526,70225,7300$71.53$4.19
Jan 20251,0541,05428,75427,58937$75.74$4.13
Dec 202496296225,60724,6330$70.12$3.01
Nov 20241,0371,04322,97522,1292$69.95$2.12
Oct 20241,3501,34525,43324,4250$71.99$2.20
Sep 20241,0671,06822,22021,2930$70.24$2.28
Aug 20241,1741,17123,40622,4307$76.68$1.99
Jul 20241,0291,02217,48416,7810$81.80$2.07
Jun 202457358110,83110,3660$79.77$2.54
May 20241,0071,01416,51115,8100$80.02$2.12
Apr 20241,3881,37829,87628,59452$85.35$1.60
Mar 202484784322,14121,13517$81.28$1.49
Feb 202474374517,45916,7460$77.25$1.72
Jan 202486485818,19117,4710$74.15$3.18
Dec 202368869021,11120,3331$71.90$2.52
Nov 202370671018,50217,8340$77.69$2.71
Oct 202389990818,83518,1160$85.64$2.98
Sep 20231,2201,21619,04318,31719$89.43$2.64
Aug 20231,0331,03319,17515,4802,999$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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