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Producing

PRESTON-FREEMAN 15C

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

1 well

70,874bbl oil, last 12 months−38% vs prior year
Operator
Pioneer Natural Res. USA, Inc.
County
Midland County
Field
Spraberry (Trend Area)
RRC lease
08-58497

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Where it sits

This county

Midland CountyMidlandMartinAndrewsGlasscockHowardEctorMidland County
Midland County
Gas, last 12 months
384,512 mcf
Oil in Jul 2026
4,327 bbl

Production by month

Oil output fell 38% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 38% over the last 12 monthsMonthly oil production and gas for PRESTON-FREEMAN 15C, Aug 2023 to Jul 2026. Oil output fell 38% over the last 12 months. 70,874 bbl in the 12 months through Jul 2026, against 114,249 bbl in the 12 months before.Last 12 months: 70,874 bblbbl per monthmcf per month0010k20k20k40k30k60k40k80kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 38% over the last 12 monthsMonthly oil production and gas for PRESTON-FREEMAN 15C, Aug 2023 to Jul 2026. Oil output fell 38% over the last 12 months. 70,874 bbl in the 12 months through Jul 2026, against 114,249 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month0010k20k20k40k30k60k40k80kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

Over 99% of the gas went to a processing plant in the last 12 months

Flaring peaked at 4.5% of the gas in Feb 2024.

  • Processing plant (3)
  • Lease fuel (1)
  • Flared (4)
Over 99% of the gas went to a processing plant in the last 12 monthsShare of PRESTON-FREEMAN 15C gas by disposition code each month, Aug 2023 to Jul 2026. Over 99% of the gas went to a processing plant in the last 12 months. Flaring peaked at 4.5% of the gas in Feb 2024.Share of the lease’s gas by disposition code, per month0%50%100%Flared 4.5%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Over 99% of the gas went to a processing plant in the last 12 monthsShare of PRESTON-FREEMAN 15C gas by disposition code each month, Aug 2023 to Jul 2026. Over 99% of the gas went to a processing plant in the last 12 months. Flaring peaked at 4.5% of the gas in Feb 2024.Share of gas by disposition code0%50%100%Flared 4.5%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    100% · 383,677 mcf

  • Lease fuel (1)

    0.2% · 629 mcf

  • Flared (4)

    0.1% · 206 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 15C
API numberWell no.Status
42-329-45489103HActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%From
Plains Pipeline L.p.OilGathers100Sep 5, 2022
Targa Pl Mid-Cont Westtex LLCCasinghead gasBuys100Sep 5, 2022
Targa Pl Mid-Cont Westtex LLCCasinghead gasGathers100Sep 5, 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 15C
API numberWell no.Acreson the permit
42-329-45489103H1,280.10

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

Unit decimal checker

Estimate your royalty

36 months, newest first

Ledger for PRESTON-FREEMAN 15C
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20264,3274,32629,06728,96858$80.46$2.89
Jun 20263,8963,90031,28931,2443$84.81$3.15
May 20264,9454,94633,62833,5802$102.13$2.94
Apr 20265,3155,30831,08431,0430$100.32$2.77
Mar 20265,1235,12726,71026,6702$91.38$3.04
Feb 20265,2445,24332,56032,44173$64.51$3.62
Jan 20264,8974,90235,28435,18149$60.04$7.72
Dec 20257,0117,02037,23437,1815$57.97$4.26
Nov 20257,1517,15533,54733,4865$60.06$3.79
Oct 20256,4216,43329,88629,7913$60.89$3.19
Sep 20257,4827,47431,19831,1275$63.96$2.97
Aug 20259,0629,05933,02532,9651$64.86$2.91
Jul 202510,90010,90231,96331,9051$68.39$3.20
Jun 20254,6424,64218,57118,5380$68.17$3.02
May 20258,5328,52233,14833,0853$62.17$3.12
Apr 20258,8208,81531,49631,4363$63.54$3.42
Mar 20259,0649,10330,55330,4702$68.24$4.12
Feb 20255,8505,82018,56618,47834$71.53$4.19
Jan 20258,7138,72339,28839,2320$75.74$4.13
Dec 202410,43710,42645,38645,3330$70.12$3.01
Nov 202410,48110,48149,07349,0154$69.95$2.12
Oct 202411,42811,43461,36161,2960$71.99$2.20
Sep 202412,12712,13251,76551,7101$70.24$2.28
Aug 202413,25513,24443,73243,518166$76.68$1.99
Jul 202414,69414,68844,73344,6850$81.80$2.07
Jun 202414,85314,85742,01541,9626$79.77$2.54
May 202413,16813,16736,16536,1171$80.02$2.12
Apr 202414,15714,19933,75533,547164$85.35$1.60
Mar 202413,01212,97019,57919,5446$81.28$1.49
Feb 20244,0524,1387,3707,018329$77.25$1.72
Jan 202417,71717,72833,12432,96272$74.15$3.18
Dec 202323,21723,22245,26545,1810$71.90$2.52
Nov 202323,49823,37239,68839,6069$77.69$2.71
Oct 202316,90117,01436,43736,3531$85.64$2.98
Sep 202320,73920,77339,10039,0097$89.43$2.64
Aug 202325,94925,90941,09341,0170$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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