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Producing

PRESTON 36L

Preston 36L 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

4,052bbl oil, last 12 months−37% vs prior year
Operator
Pioneer Natural Res. USA, Inc.
County
Midland County
Field
Spraberry (Trend Area) R 40 Exc
RRC lease
08-49001

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Where it sits

This county

Midland CountyMidlandMartinAndrewsGlasscockHowardEctorMidland County
Midland County
Gas, last 12 months
21,119 mcf
Oil in Jul 2026
484 bbl

Production by month

Oil output fell 37% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 37% over the last 12 monthsMonthly oil production and gas for PRESTON 36L, Aug 2023 to Jul 2026. Oil output fell 37% over the last 12 months. 4,052 bbl in the 12 months through Jul 2026, against 6,480 bbl in the 12 months before.Last 12 months: 4,052 bblbbl per monthmcf per month005002,5001,0005,0001,5007,5002,00010k2,50012.5kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 37% over the last 12 monthsMonthly oil production and gas for PRESTON 36L, Aug 2023 to Jul 2026. Oil output fell 37% over the last 12 months. 4,052 bbl in the 12 months through Jul 2026, against 6,480 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month005002,5001,0005,0001,5007,5002,00010k2,50012.5kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

84% of the gas went to a processing plant in the last 12 months

Flaring peaked at 7.4% of the gas in Feb 2024.

  • Processing plant (3)
  • Lease fuel (1)
  • Flared (4)
84% of the gas went to a processing plant in the last 12 monthsShare of PRESTON 36L gas by disposition code each month, Aug 2023 to Jul 2026. 84% of the gas went to a processing plant in the last 12 months. Flaring peaked at 7.4% of the gas in Feb 2024.Share of the lease’s gas by disposition code, per month0%50%100%Flared 7.4%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
84% of the gas went to a processing plant in the last 12 monthsShare of PRESTON 36L gas by disposition code each month, Aug 2023 to Jul 2026. 84% of the gas went to a processing plant in the last 12 months. Flaring peaked at 7.4% of the gas in Feb 2024.Share of gas by disposition code0%50%100%Flared 7.4%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    84% · 19,529 mcf

  • Lease fuel (1)

    16% · 3,594 mcf

  • Flared (4)

    0.0% · 8 mcf

1 well on this lease

Wells on PRESTON 36L
API numberWell no.Status
42-329-4037612HActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%From
Plains Marketing, L.p.OilGathers80Jun 16, 2017
Ricky Shuler Trucking INCOilGathers15Jun 16, 2017
Gibson Energy Marketing, LLCOilGathers5Jun 16, 2017
Targa Pl Mid-Cont Westtex LLCCasinghead gasBuys100Jun 16, 2017
Targa Pl Mid-Cont Westtex LLCCasinghead gasGathers100Jun 16, 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

  • 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 36L
API numberWell no.Acreson the permit
42-329-4037612H1,955.30

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

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36 months, newest first

Ledger for PRESTON 36L
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20264844351,6921,4510$80.46$2.89
Jun 2026911281,6701,4430$84.81$3.15
May 20261561095954683$102.13$2.94
Apr 2026020000$100.32$2.77
Mar 20262133241,0838540$91.38$3.04
Feb 20266346313,5943,0420$64.51$3.62
Jan 20267706894,1093,4802$60.04$7.72
Dec 20255505592,2651,9690$57.97$4.26
Nov 20253653601,7091,4040$60.06$3.79
Oct 20253223011,5161,2572$60.89$3.19
Sep 20251631841,1069150$63.96$2.97
Aug 20253042941,7801,5040$64.86$2.91
Jul 20254515192,0121,7421$68.39$3.20
Jun 20254173922,4132,1481$68.17$3.02
May 20257807662,8832,6120$62.17$3.12
Apr 20258378582,4082,1910$63.54$3.42
Mar 20257837676,2205,5090$68.24$4.12
Feb 20254744828,1217,12099$71.53$4.19
Jan 20254734472,3812,1340$75.74$4.13
Dec 20245746002,1301,9327$70.12$3.01
Nov 20248507923,1102,8460$69.95$2.12
Oct 20244594498,9038,0680$71.99$2.20
Sep 20241821849,9879,12228$70.24$2.28
Aug 20242001989,9029,03716$76.68$1.99
Jul 20242772878,8568,07820$81.80$2.07
Jun 202455056410,6759,7868$79.77$2.54
May 202473671210,3639,4732$80.02$2.12
Apr 20244904884,4964,07818$85.35$1.60
Mar 20243233311,7201,5740$81.28$1.49
Feb 20244825631,8961,600140$77.25$1.72
Jan 20244814051,6871,5678$74.15$3.18
Dec 20236736812,3712,2600$71.90$2.52
Nov 20237868082,3052,1850$77.69$2.71
Oct 20239439212,3282,2400$85.64$2.98
Sep 20231,0471,0561,8141,7101$89.43$2.64
Aug 20231,4211,4341,6981,6090$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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