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Producing

PRESTON-FREEMAN 15G

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

1 well

54,932bbl oil, last 12 months−55% vs prior year
Operator
Pioneer Natural Res. USA, Inc.
County
Midland County
Field
Spraberry (Trend Area)
RRC lease
08-58286

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Where it sits

This county

Midland CountyMidlandMartinAndrewsGlasscockHowardEctorMidland County
Midland County
Gas, last 12 months
374,882 mcf
Oil in Jul 2026
3,403 bbl

Production by month

Oil output fell 55% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 55% over the last 12 monthsMonthly oil production and gas for PRESTON-FREEMAN 15G, Aug 2023 to Jul 2026. Oil output fell 55% over the last 12 months. 54,932 bbl in the 12 months through Jul 2026, against 123,142 bbl in the 12 months before.Last 12 months: 54,932 bblbbl per monthmcf per month005,00020k10k40k15k60k20k80k25k100kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 55% over the last 12 monthsMonthly oil production and gas for PRESTON-FREEMAN 15G, Aug 2023 to Jul 2026. Oil output fell 55% over the last 12 months. 54,932 bbl in the 12 months through Jul 2026, against 123,142 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 15G 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 15G 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% · 374,076 mcf

  • Lease fuel (1)

    0.2% · 622 mcf

  • Flared (4)

    0.0% · 184 mcf

1 well on this lease

Wells on PRESTON-FREEMAN 15G
API numberWell no.Status
42-329-45493107HActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%From
Plains Pipeline L.p.OilGathers100Jul 16, 2022
Targa Pl Mid-Cont Westtex LLCCasinghead gasBuys100Jul 16, 2022
Targa Pl Mid-Cont Westtex LLCCasinghead gasGathers100Jul 16, 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 15G
API numberWell no.Acreson the permit
42-329-45493107H1,280.20

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 15G
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20263,4033,40324,77124,68650$80.46$2.89
Jun 20263,0873,08725,92425,8863$84.81$3.15
May 20263,0313,03429,92729,8851$102.13$2.94
Apr 20264,0023,99833,92233,8770$100.32$2.77
Mar 20264,2254,22728,94328,9002$91.38$3.04
Feb 20264,1494,15028,82828,72265$64.51$3.62
Jan 20264,6994,70331,09531,00443$60.04$7.72
Dec 20256,1866,19237,89137,8375$57.97$4.26
Nov 20255,9055,90532,57832,5185$60.06$3.79
Oct 20254,6284,63630,63330,5363$60.89$3.19
Sep 20255,0905,08533,59133,5136$63.96$2.97
Aug 20256,5276,52436,77936,7121$64.86$2.91
Jul 20257,3087,34036,50736,4401$68.39$3.20
Jun 20257,2917,26737,54637,4790$68.17$3.02
May 20257,4267,41842,79542,7134$62.17$3.12
Apr 20258,1128,10737,00536,9343$63.54$3.42
Mar 20259,3839,43332,39932,3112$68.24$4.12
Feb 20256,6616,62522,41422,30742$71.53$4.19
Jan 20259,3869,39737,61537,5620$75.74$4.13
Dec 202411,39611,38445,27545,2220$70.12$3.01
Nov 202411,60011,60347,12847,0733$69.95$2.12
Oct 202413,50813,51453,86253,8050$71.99$2.20
Sep 202414,31614,32552,53352,4771$70.24$2.28
Aug 202416,75516,71951,01450,764194$76.68$1.99
Jul 20246,2396,24313,95213,5860$81.80$2.07
Jun 202411,54411,54324,80924,0973$79.77$2.54
May 20248,0088,01330,62729,6051$80.02$2.12
Apr 202411,79211,83926,54425,504124$85.35$1.60
Mar 202413,12213,10221,57520,8696$81.28$1.49
Feb 20247,8187,82212,74611,484537$77.25$1.72
Jan 20248,1038,1019,7619,30519$74.15$3.18
Dec 20239,4619,4758,6748,3800$71.90$2.52
Nov 202311,64611,5838,1357,9112$77.69$2.71
Oct 202316,79516,89014,44113,9440$85.64$2.98
Sep 202317,56517,60916,63116,0843$89.43$2.64
Aug 202324,51124,45316,54316,0620$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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