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Texas oil lease

Producing

PRESTON B

Preston B is an oil lease in Midland County, Texas, operated by Pioneer Natural Res. USA, Inc. in the Spraberry (Trend Area) R 40 Exc field.

13 wells

85,057bbl oil, last 12 months+1% vs prior year
Operator
Pioneer Natural Res. USA, Inc.
County
Midland County
Field
Spraberry (Trend Area) R 40 Exc
RRC lease
08-47855

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Where it sits

This county

Midland CountyMidlandMartinAndrewsGlasscockHowardEctorMidland County
Midland County
Gas, last 12 months
1,476,188 mcf
Oil in Jul 2026
4,305 bbl

Production by month

Oil output held steady over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output held steady over the last 12 monthsMonthly oil production and gas for PRESTON B, Aug 2023 to Jul 2026. Oil output held steady over the last 12 months. 85,057 bbl in the 12 months through Jul 2026, against 84,422 bbl in the 12 months before.Last 12 months: 85,057 bblbbl per monthmcf per month005,00050k10k100k15k150k20k200kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output held steady over the last 12 monthsMonthly oil production and gas for PRESTON B, Aug 2023 to Jul 2026. Oil output held steady over the last 12 months. 85,057 bbl in the 12 months through Jul 2026, against 84,422 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month005,00050k10k100k15k150k20k200kJan 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

  • Processing plant (3)
  • Lease fuel (1)
  • Flared (4)
96% of the gas went to a processing plant in the last 12 monthsShare of PRESTON B 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.Share of the lease’s gas by disposition code, per month0%50%100%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
96% of the gas went to a processing plant in the last 12 monthsShare of PRESTON B 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.Share of gas by disposition code0%50%100%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    96% · 1,412,451 mcf

  • Lease fuel (1)

    4.2% · 61,576 mcf

  • Flared (4)

    0.1% · 2,161 mcf

0.1% of the gas flared in the last 12 months. No month above 3%.

13 wells on this lease

Wells on PRESTON B
API numberWell no.Status
42-329-3144929Active
42-329-407453201HActive
42-329-407463202HActive
42-329-407473203HActive
42-329-407483204HActive
42-329-407493205HActive
42-329-407503206HActive
42-329-408603207HActive
42-329-408613208HActive
42-329-408643209HActive
42-329-408653210HActive
42-329-408663211HActive
42-329-408673212HActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Anchor Crude Marketing, LLCOilGathers25Jul 1, 2024–
Energy Transfer CompanyOilGathers25Apr 1, 2025–
Plains Marketing, L.p.OilGathers25Jul 1, 2024–
Plains Pipeline L.p.OilGathers25Jul 1, 2024–
Targa Pl Mid-Cont Westtex LLCCasinghead gasBuys100Dec 1, 2015–
Targa Pl Mid-Cont Westtex LLCCasinghead gasGathers100Dec 1, 2015–
Centurion Pipeline L.p.OilGathers25Jul 1, 2024Apr 1, 2025
Centurion Pipeline L.p.OilGathers33Feb 1, 2022Jul 1, 2024
Oasis Transp & Marketing Corp.OilGathers17Feb 1, 2022Jul 1, 2024
Plains Marketing, L.p.OilGathers17Feb 1, 2022Jul 1, 2024
Plains Pipeline L.p.OilGathers33Feb 1, 2022Jul 1, 2024
Bridger Transportation, LLCOilGathers10May 1, 2018Feb 1, 2022

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

Who buys my oilOil price check

2,565.40 acres on the newest permit

13 wells are listed on this lease

Permits for Preston B
API numberWell no.Acreson the permit
42-329-408603207H2,565.40
42-329-408613208H2,565.40
42-329-408643209H2,565.40
42-329-408653210H2,565.40
42-329-408663211H2,565.40
42-329-408673212H2,565.40
42-329-407473203H2,565.40
42-329-407453201H2,565.40
42-329-407463202H2,565.40
42-329-407483204H2,565.40
42-329-407493205H2,565.40
42-329-407503206H2,565.40

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 B
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20264,3054,50170,74067,13152$80.46$2.89
Jun 20266,0746,070115,735110,4120$84.81$3.15
May 20267,2037,068142,804136,8080$102.13$2.94
Apr 20266,8096,87597,73893,1730$100.32$2.77
Mar 20269,0429,026156,011149,448119$91.38$3.04
Feb 20267,1507,201146,025138,7411,571$64.51$3.62
Jan 20267,5347,442114,171108,7448$60.04$7.72
Dec 20258,8718,935131,914126,4470$57.97$4.26
Nov 20254,3364,34687,92483,999337$60.06$3.79
Oct 20259,0098,932145,727140,2950$60.89$3.19
Sep 20257,0237,001137,385132,14174$63.96$2.97
Aug 20257,7017,741130,014125,1120$64.86$2.91
Jul 20258,6808,669128,691123,7770$68.39$3.20
Jun 20259,2849,279125,900121,2210$68.17$3.02
May 20257,1877,137116,421112,19855$62.17$3.12
Apr 20256,6916,690113,981109,8270$63.54$3.42
Mar 20256,7766,781114,222109,8180$68.24$4.12
Feb 20256,7496,760107,135103,1780$71.53$4.19
Jan 20256,4536,389103,30799,1840$75.74$4.13
Dec 20246,1376,15697,52693,2170$70.12$3.01
Nov 20245,6735,682109,186104,3480$69.95$2.12
Oct 20246,2356,237123,966118,7840$71.99$2.20
Sep 20247,6987,687128,299122,9970$70.24$2.28
Aug 20246,8596,878128,671123,5018$76.68$1.99
Jul 20247,1607,135137,218131,42821$81.80$2.07
Jun 20246,7266,722120,027114,9086$79.77$2.54
May 20247,8167,858125,842120,410112$80.02$2.12
Apr 20247,8157,769103,89399,5590$85.35$1.60
Mar 20249,1559,179103,72699,4960$81.28$1.49
Feb 20249,9569,998112,707107,918148$77.25$1.72
Jan 202411,23511,258144,893139,4234$74.15$3.18
Dec 202312,58212,557158,338152,1530$71.90$2.52
Nov 202310,86810,891124,592119,7840$77.69$2.71
Oct 202311,28111,261117,391112,68955$85.64$2.98
Sep 202313,00313,057108,465104,3813$89.43$2.64
Aug 202316,12916,053118,065113,72260$81.39$2.58

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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