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Producing

PRESTON-FREEMAN 15B

Preston-Freeman 15B is an oil lease in Midland County, Texas, operated by Pioneer Natural Res. USA, Inc. in the Spraberry (Trend Area) field.

1 well

43,451bbl oil, last 12 months0% vs prior year
Operator
Pioneer Natural Res. USA, Inc.
County
Midland County
Field
Spraberry (Trend Area)
RRC lease
08-58243

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Where it sits

This county

Midland CountyMidlandMartinAndrewsGlasscockHowardEctorMidland County
Midland County
Gas, last 12 months
237,076 mcf
Oil in Jul 2026
3,449 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-FREEMAN 15B, Aug 2023 to Jul 2026. Oil output held steady over the last 12 months. 43,451 bbl in the 12 months through Jul 2026, against 43,307 bbl in the 12 months before.Last 12 months: 43,451 bblbbl per monthmcf per month005,00020k10k40k15k60k20k80kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output held steady over the last 12 monthsMonthly oil production and gas for PRESTON-FREEMAN 15B, Aug 2023 to Jul 2026. Oil output held steady over the last 12 months. 43,451 bbl in the 12 months through Jul 2026, against 43,307 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month005,00020k10k40k15k60k20k80kJan 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 4.3% of the gas in Feb 2024.

  • Processing plant (3)
  • Lease fuel (1)
  • Flared (4)
96% of the gas went to a processing plant in the last 12 monthsShare of PRESTON-FREEMAN 15B 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 4.3% of the gas in Feb 2024.Share of the lease’s gas by disposition code, per month0%50%100%Flared 4.3%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
96% of the gas went to a processing plant in the last 12 monthsShare of PRESTON-FREEMAN 15B 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 4.3% of the gas in Feb 2024.Share of gas by disposition code0%50%100%Flared 4.3%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    96% · 227,816 mcf

  • Lease fuel (1)

    3.8% · 9,122 mcf

  • Flared (4)

    0.1% · 138 mcf

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

1 well on this lease

Wells on PRESTON-FREEMAN 15B
API numberWell no.Status
42-329-45488102HActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%From
Plains Pipeline L.p.OilGathers100May 22, 2022
Targa Pl Mid-Cont Westtex LLCCasinghead gasBuys100May 22, 2022
Targa Pl Mid-Cont Westtex LLCCasinghead gasGathers100May 22, 2022

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

Who buys my oilOil price check

1,280.10 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-Freeman 15B
API numberWell no.Acreson the permit
42-329-45488102H1,280.10

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

Unit decimal checker

Estimate your royalty

36 months, newest first

Ledger for PRESTON-FREEMAN 15B
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20263,4493,45134,60833,18567$80.46$2.89
Jun 20263,7473,74635,43034,0394$84.81$3.15
May 20263,4403,44235,89534,4802$102.13$2.94
Apr 20263,9503,94633,23932,2040$100.32$2.77
Mar 20264,3094,30719,84019,1761$91.38$3.04
Feb 20262,5772,58112,37611,92627$64.51$3.62
Jan 20264,4284,42923,94023,10632$60.04$7.72
Dec 20254,7244,72617,57616,6812$57.97$4.26
Nov 20253,8393,84010,63210,0762$60.06$3.79
Oct 20253,0773,0835,6455,3630$60.89$3.19
Sep 20253,6493,6374,9514,7441$63.96$2.97
Aug 20252,2622,2582,9442,8360$64.86$2.91
Jul 20251,7711,7832,3392,2490$68.39$3.20
Jun 20252,2852,2772,2432,1620$68.17$3.02
May 20252,2602,2552,2122,1330$62.17$3.12
Apr 20251,6531,6512,0241,6780$63.54$3.42
Mar 20252,1752,18615,44213,6361$68.24$4.12
Feb 20251,2951,29110,4579,81818$71.53$4.19
Jan 20252,7402,75123,89523,1020$75.74$4.13
Dec 20245,5455,53851,05549,5080$70.12$3.01
Nov 20244,8824,88343,75542,3963$69.95$2.12
Oct 20245,8445,84743,34742,0240$71.99$2.20
Sep 20246,3566,35845,74844,5120$70.24$2.28
Aug 20246,5016,49647,32745,784177$76.68$1.99
Jul 20247,6197,61555,75954,2611$81.80$2.07
Jun 20247,5527,55660,92459,1269$79.77$2.54
May 20247,6237,62358,36656,3981$80.02$2.12
Apr 20248,0028,03555,05152,843263$85.35$1.60
Mar 20249,2959,30538,58137,27111$81.28$1.49
Feb 20249,5259,53228,23825,4051,206$77.25$1.72
Jan 202410,21610,21838,93037,02282$74.15$3.18
Dec 202312,66412,67670,27667,7430$71.90$2.52
Nov 202314,57514,49767,68565,65716$77.69$2.71
Oct 202316,77616,85666,68064,2451$85.64$2.98
Sep 202314,83914,86060,46758,32010$89.43$2.64
Aug 202317,82717,79964,25662,1940$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)CountyMidland County

Pioneer Natural Res. USA, Inc. in Midland County

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Spraberry (Trend Area) field

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