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Texas oil lease

Producing

PRESTON 36B

Preston 36B 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

3,364bbl oil, last 12 months+414% vs prior year
Operator
Pioneer Natural Res. USA, Inc.
County
Midland County
Field
Spraberry (Trend Area) R 40 Exc
RRC lease
08-47874

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Where it sits

This county

Midland CountyMidlandMartinAndrewsGlasscockHowardEctorMidland County
Midland County
Gas, last 12 months
66,427 mcf
Oil in Jul 2026
321 bbl

Production by month

Oil output rose 414% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output rose 414% over the last 12 monthsMonthly oil production and gas for PRESTON 36B, Aug 2023 to Jul 2026. Oil output rose 414% over the last 12 months. 3,364 bbl in the 12 months through Jul 2026, against 654 bbl in the 12 months before.Last 12 months: 3,364 bblbbl per monthmcf per month002505,00050010k75015k1,00020kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output rose 414% over the last 12 monthsMonthly oil production and gas for PRESTON 36B, Aug 2023 to Jul 2026. Oil output rose 414% over the last 12 months. 3,364 bbl in the 12 months through Jul 2026, against 654 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002505,00050010k75015k1,00020kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

82% of the gas went to a processing plant in the last 12 months

Flaring peaked at 8.7% of the gas in Feb 2024.

  • Processing plant (3)
  • Lease fuel (1)
  • Flared (4)
82% of the gas went to a processing plant in the last 12 monthsShare of PRESTON 36B gas by disposition code each month, Aug 2023 to Jul 2026. 82% of the gas went to a processing plant in the last 12 months. Flaring peaked at 8.7% of the gas in Feb 2024.Share of the lease’s gas by disposition code, per month0%50%100%Flared 8.7%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
82% of the gas went to a processing plant in the last 12 monthsShare of PRESTON 36B gas by disposition code each month, Aug 2023 to Jul 2026. 82% of the gas went to a processing plant in the last 12 months. Flaring peaked at 8.7% of the gas in Feb 2024.Share of gas by disposition code0%50%100%Flared 8.7%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    82% · 54,418 mcf

  • Lease fuel (1)

    18% · 11,987 mcf

  • Flared (4)

    0.0% · 22 mcf

1 well on this lease

Wells on PRESTON 36B
API numberWell no.Status
42-329-401812HActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%From
Plains Marketing, L.p.OilGathers80Apr 1, 2016
Ricky Shuler Trucking INCOilGathers15Apr 1, 2016
Gibson Energy Marketing, LLCOilGathers5Apr 1, 2016
Targa Pl Mid-Cont Westtex LLCCasinghead gasBuys100Jan 20, 2016
Targa Pl Mid-Cont Westtex LLCCasinghead gasGathers100Jan 20, 2016

SourceRailroad Commission Form P-4 file, Sep 24, 2026 (source).

Who buys my oilOil price check

1,955.30 acres on the newest permit

Permits for Preston 36B
API numberWell no.Acreson the permit
42-329-401812H1,955.30

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

Unit decimal checker

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36 months, newest first

Ledger for PRESTON 36B
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20263213008,1776,8850$80.46$2.89
Jun 20261661899,3578,0462$84.81$3.15
May 20261371351,8121,29313$102.13$2.94
Apr 20262212327,4346,3503$100.32$2.77
Mar 202654355813,17610,0060$91.38$3.04
Feb 20263162969,7648,0530$64.51$3.62
Jan 20262713026,8725,5503$60.04$7.72
Dec 20258918516,7265,6730$57.97$4.26
Nov 20252382431,4861,2070$60.06$3.79
Oct 20252602198287201$60.89$3.19
Sep 2025004593650$63.96$2.97
Aug 2025003362700$64.86$2.91
Jul 20251392842390$68.39$3.20
Jun 20251461122,2171,9591$68.17$3.02
May 202537346545880$62.17$3.12
Apr 202517163573220$63.54$3.42
Mar 202520232442160$68.24$4.12
Feb 2025215594831$71.53$4.19
Jan 20252081713142960$75.74$4.13
Dec 2024002302061$70.12$3.01
Nov 2024013463130$69.95$2.12
Oct 202412142622370$71.99$2.20
Sep 202433448888122$70.24$2.28
Aug 20241591554,3593,9807$76.68$1.99
Jul 20241851765,2954,82913$81.80$2.07
Jun 202416218577851$79.77$2.54
May 20241091105,1264,6781$80.02$2.12
Apr 20242322356,5095,89326$85.35$1.60
Mar 20242442509,9158,9720$81.28$1.49
Feb 202435837110,8258,825945$77.25$1.72
Jan 20241381247,8527,09544$74.15$3.18
Dec 202340140314,24813,1520$71.90$2.52
Nov 202340341014,92513,5142$77.69$2.71
Oct 202339638613,85812,8875$85.64$2.98
Sep 202343843713,89212,78017$89.43$2.64
Aug 202342343315,77414,5360$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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Spraberry (Trend Area) R 40 Exc field

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