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Texas oil lease

Producing

PRESTON 36K

Preston 36K 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

1,583bbl oil, last 12 months−67% vs prior year
Operator
Pioneer Natural Res. USA, Inc.
County
Midland County
Field
Spraberry (Trend Area) R 40 Exc
RRC lease
08-49002

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Where it sits

This county

Midland CountyMidlandMartinAndrewsGlasscockHowardEctorMidland County
Midland County
Gas, last 12 months
16,823 mcf
Oil in Jul 2026
118 bbl

Production by month

Oil output fell 67% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 67% over the last 12 monthsMonthly oil production and gas for PRESTON 36K, Aug 2023 to Jul 2026. Oil output fell 67% over the last 12 months. 1,583 bbl in the 12 months through Jul 2026, against 4,733 bbl in the 12 months before.Last 12 months: 1,583 bblbbl per monthmcf per month002502,0005004,0007506,0001,0008,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 67% over the last 12 monthsMonthly oil production and gas for PRESTON 36K, Aug 2023 to Jul 2026. Oil output fell 67% over the last 12 months. 1,583 bbl in the 12 months through Jul 2026, against 4,733 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002502,0005004,0007506,0001,0008,000Jan 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 7.9% 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 36K 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 7.9% of the gas in Feb 2024.Share of the lease’s gas by disposition code, per month0%50%100%Flared 7.9%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
82% of the gas went to a processing plant in the last 12 monthsShare of PRESTON 36K 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 7.9% of the gas in Feb 2024.Share of gas by disposition code0%50%100%Flared 7.9%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    82% · 15,444 mcf

  • Lease fuel (1)

    18% · 3,385 mcf

  • Flared (4)

    0.0% · 6 mcf

1 well on this lease

Wells on PRESTON 36K
API numberWell no.Status
42-329-4037511HActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%From
Plains Marketing, L.p.OilGathers80Jun 15, 2017
Ricky Shuler Trucking INCOilGathers15Jun 15, 2017
Gibson Energy Marketing, LLCOilGathers5Jun 15, 2017
Targa Pl Mid-Cont Westtex LLCCasinghead gasBuys100Jun 15, 2017
Targa Pl Mid-Cont Westtex LLCCasinghead gasGathers100Jun 15, 2017

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 36K
API numberWell no.Acreson the permit
42-329-4037511H1,955.30

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 36K
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20261181062251960$80.46$2.89
Jun 202622222131850$84.81$3.15
May 20268669510$102.13$2.94
Apr 202601000$100.32$2.77
Mar 202613231891450$91.38$3.04
Feb 202655997906560$64.51$3.62
Jan 20263363143,1232,5791$60.04$7.72
Dec 20253953954,0133,3530$57.97$4.26
Nov 20252162013,0772,4490$60.06$3.79
Oct 20251141152,0281,5554$60.89$3.19
Sep 20251031181,2831,0430$63.96$2.97
Aug 20252031971,8131,5060$64.86$2.91
Jul 20253083402,0121,7261$68.39$3.20
Jun 20252292281,9521,7311$68.17$3.02
May 20255515412,9372,6530$62.17$3.12
Apr 20255885882,7192,4660$63.54$3.42
Mar 20254844921,9901,7740$68.24$4.12
Feb 20253623571,6531,46318$71.53$4.19
Jan 20252932762,0181,7980$75.74$4.13
Dec 20243523612,5162,2689$70.12$3.01
Nov 20244514422,5622,3350$69.95$2.12
Oct 20246326182,6952,4590$71.99$2.20
Sep 20242562551,4731,3514$70.24$2.28
Aug 20242272221,6651,5233$76.68$1.99
Jul 20242692691,5611,4303$81.80$2.07
Jun 20243253251,5041,3851$79.77$2.54
May 20242792801,2651,1620$80.02$2.12
Apr 20245225251,6011,4616$85.35$1.60
Mar 20244784832,9542,6980$81.28$1.49
Feb 20245485763,1082,592244$77.25$1.72
Jan 20242462074,1763,78923$74.15$3.18
Dec 20233443465,3494,9600$71.90$2.52
Nov 20233453584,3123,9350$77.69$2.71
Oct 20234764713,7163,4871$85.64$2.98
Sep 20237047082,7132,5213$89.43$2.64
Aug 20238889022,4232,2590$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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