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Texas oil lease

Producing

PRESTON 18J

Preston 18J 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

1,046bbl oil, last 12 months−86% vs prior year
Operator
Pioneer Natural Res. USA, Inc.
County
Midland County
Field
Spraberry (Trend Area) R 40 Exc
RRC lease
08-50182

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Where it sits

This county

Midland CountyMidlandMartinAndrewsGlasscockHowardEctorMidland County
Midland County
Gas, last 12 months
4,341 mcf
Oil in Jul 2026
3 bbl

Checks stopped on this lease?

  • Sales

    Sales over the last 3 months fell to 16% of the 9 months before.

SourceRailroad Commission production, P-5 and P-4 records, data through Jul 2026.

See why checks stop on this lease

Production by month

Oil output fell 86% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 86% over the last 12 monthsMonthly oil production and gas for PRESTON 18J, Aug 2023 to Jul 2026. Oil output fell 86% over the last 12 months. 1,046 bbl in the 12 months through Jul 2026, against 7,550 bbl in the 12 months before.Last 12 months: 1,046 bblbbl per monthmcf per month002502,5005005,0007507,5001,00010k1,25012.5kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 86% over the last 12 monthsMonthly oil production and gas for PRESTON 18J, Aug 2023 to Jul 2026. Oil output fell 86% over the last 12 months. 1,046 bbl in the 12 months through Jul 2026, against 7,550 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002502,5005005,0007507,5001,00010k1,25012.5kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

96% 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)
96% of the gas went to a processing plant in the last 12 monthsShare of PRESTON 18J gas by disposition code each month, Aug 2023 to Jul 2026. 96% 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
96% of the gas went to a processing plant in the last 12 monthsShare of PRESTON 18J gas by disposition code each month, Aug 2023 to Jul 2026. 96% 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, through Jul 2026.

  • Processing plant (3)

    96% · 4,168 mcf

  • Lease fuel (1)

    3.9% · 168 mcf

  • Flared (4)

    0.1% · 5 mcf

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

1 well on this lease

Wells on PRESTON 18J
API numberWell no.Status
42-329-4127810HActive

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 18J
API numberWell no.Acreson the permit
42-329-4127810H1,279.10

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

Unit decimal checker

Estimate your royalty

36 months, newest first

Ledger for PRESTON 18J
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026334444150$80.46$2.89
Jun 202634110$84.81$3.15
May 2026464723230$102.13$2.94
Apr 2026646364630$100.32$2.77
Mar 202625255915600$91.38$3.04
Feb 2026253520200$64.51$3.62
Jan 20262812795475310$60.04$7.72
Dec 20252462404934763$57.97$4.26
Nov 20251401384023881$60.06$3.79
Oct 202525263143030$60.89$3.19
Sep 202571723223110$63.96$2.97
Aug 20251171221,1201,0771$64.86$2.91
Jul 20253073095,8415,6380$68.39$3.20
Jun 20254024038,4418,1410$68.17$3.02
May 20254474467,8917,6120$62.17$3.12
Apr 20254524537,0986,8530$63.54$3.42
Mar 20254954965,7795,5700$68.24$4.12
Feb 20256006035,5575,3580$71.53$4.19
Jan 20258168165,9265,6927$75.74$4.13
Dec 20247377345,3305,1320$70.12$3.01
Nov 20246446496,4046,1711$69.95$2.12
Oct 20249089078,5878,2510$71.99$2.20
Sep 20248948936,6376,3660$70.24$2.28
Aug 20248488366,6056,3332$76.68$1.99
Jul 20241461454,1083,9420$81.80$2.07
Jun 20241151165,1324,9100$79.77$2.54
May 202416616912,25411,7290$80.02$2.12
Apr 20243183193,7403,5807$85.35$1.60
Mar 20243743743,5583,3993$81.28$1.49
Feb 20244244253,2953,1640$77.25$1.72
Jan 20244894883,1112,9920$74.15$3.18
Dec 20236096183,0762,9670$71.90$2.52
Nov 20231,1321,1294,6114,4520$77.69$2.71
Oct 20238028032,0251,9530$85.64$2.98
Sep 20237177091,4261,3751$89.43$2.64
Aug 202331831462551490$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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Nearby

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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