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Producing

PRESTON-FREEMAN 15E

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

1 well

79,894bbl oil, last 12 months−37% vs prior year
Operator
Pioneer Natural Res. USA, Inc.
County
Midland County
Field
Spraberry (Trend Area)
RRC lease
08-58476

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Where it sits

This county

Midland CountyMidlandMartinAndrewsGlasscockHowardEctorMidland County
Midland County
Gas, last 12 months
397,031 mcf
Oil in Jul 2026
5,236 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-FREEMAN 15E, Aug 2023 to Jul 2026. Oil output fell 37% over the last 12 months. 79,894 bbl in the 12 months through Jul 2026, against 127,355 bbl in the 12 months before.Last 12 months: 79,894 bblbbl per monthmcf per month005,00020k10k40k15k60k20k80k25k100kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 37% over the last 12 monthsMonthly oil production and gas for PRESTON-FREEMAN 15E, Aug 2023 to Jul 2026. Oil output fell 37% over the last 12 months. 79,894 bbl in the 12 months through Jul 2026, against 127,355 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month005,00020k10k40k15k60k20k80k25k100kJan 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 4.2% 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 15E 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 4.2% of the gas in Feb 2024.Share of the lease’s gas by disposition code, per month0%50%100%Flared 4.2%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Over 99% of the gas went to a processing plant in the last 12 monthsShare of PRESTON-FREEMAN 15E 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 4.2% of the gas in Feb 2024.Share of gas by disposition code0%50%100%Flared 4.2%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    100% · 396,173 mcf

  • Lease fuel (1)

    0.2% · 640 mcf

  • Flared (4)

    0.1% · 218 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 15E
API numberWell no.Status
42-329-45491105HActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%From
Plains Marketing, L.p.OilGathers50Sep 18, 2022
Plains Pipeline L.p.OilGathers50Sep 18, 2022
Targa Pl Mid-Cont Westtex LLCCasinghead gasBuys100Sep 18, 2022
Targa Pl Mid-Cont Westtex LLCCasinghead gasGathers100Sep 18, 2022

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

Who buys my oilOil price check

1,280.20 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 15E
API numberWell no.Acreson the permit
42-329-45491105H1,280.20

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-FREEMAN 15E
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20265,2365,23630,76330,65862$80.46$2.89
Jun 20264,8634,86333,56133,5124$84.81$3.15
May 20264,6134,61535,95335,9022$102.13$2.94
Apr 20265,2065,20242,80842,7510$100.32$2.77
Mar 20266,2436,25441,11641,0543$91.38$3.04
Feb 20269,1839,18837,80637,66984$64.51$3.62
Jan 202611,13311,12735,63335,53049$60.04$7.72
Dec 20259,0939,08029,38229,3414$57.97$4.26
Nov 20252,7722,7929,0549,0381$60.06$3.79
Oct 20256,2436,25428,38228,2923$60.89$3.19
Sep 20256,9916,98231,78731,7145$63.96$2.97
Aug 20258,3188,31340,78640,7121$64.86$2.91
Jul 20259,0059,04638,13338,0631$68.39$3.20
Jun 20259,2469,21441,78941,7150$68.17$3.02
May 20258,9528,94337,56136,0573$62.17$3.12
Apr 20259,8679,86036,15834,4933$63.54$3.42
Mar 20253,5253,56231,78230,1632$68.24$4.12
Feb 20255,7565,73026,30425,20447$71.53$4.19
Jan 20259,5219,53465,09064,1930$75.74$4.13
Dec 202411,95911,95261,88760,3020$70.12$3.01
Nov 202414,18314,18354,48253,0724$69.95$2.12
Oct 202415,17815,18758,03356,4660$71.99$2.20
Sep 202416,93916,93149,03547,6480$70.24$2.28
Aug 202413,22413,20632,71031,329119$76.68$1.99
Jul 202411,00210,99938,55737,5330$81.80$2.07
Jun 202412,02612,03541,24240,0415$79.77$2.54
May 202413,74313,74229,52028,5521$80.02$2.12
Apr 202414,31714,37228,69227,573133$85.35$1.60
Mar 202415,78715,78926,93226,0498$81.28$1.49
Feb 202413,64113,63421,29919,193896$77.25$1.72
Jan 202412,10712,12424,37423,20151$74.15$3.18
Dec 202317,75817,75326,87325,9340$71.90$2.52
Nov 202316,15116,06423,39522,7175$77.69$2.71
Oct 20236,2506,3386,1915,9750$85.64$2.98
Sep 202316,32416,35825,19824,3344$89.43$2.64
Aug 202321,55621,51528,29127,4160$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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