Skip to content
Royalty Clerk

Texas oil lease

Producing

PRESTON-FREEMAN 15K

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

1 well

41,715bbl oil, last 12 months−56% vs prior year
Operator
Pioneer Natural Res. USA, Inc.
County
Midland County
Field
Spraberry (Trend Area)
RRC lease
08-58425

Is your check right?

Check my statement

Where it sits

This county

Midland CountyMidlandMartinAndrewsGlasscockHowardEctorMidland County
Midland County
Gas, last 12 months
200,182 mcf
Oil in Jul 2026
3,982 bbl

Production by month

Oil output fell 56% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 56% over the last 12 monthsMonthly oil production and gas for PRESTON-FREEMAN 15K, Aug 2023 to Jul 2026. Oil output fell 56% over the last 12 months. 41,715 bbl in the 12 months through Jul 2026, against 94,218 bbl in the 12 months before.Last 12 months: 41,715 bblbbl per monthmcf per month005,00010k10k20k15k30k20k40k25k50kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 56% over the last 12 monthsMonthly oil production and gas for PRESTON-FREEMAN 15K, Aug 2023 to Jul 2026. Oil output fell 56% over the last 12 months. 41,715 bbl in the 12 months through Jul 2026, against 94,218 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month005,00010k10k20k15k30k20k40k25k50kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

97% 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)
97% of the gas went to a processing plant in the last 12 monthsShare of PRESTON-FREEMAN 15K gas by disposition code each month, Aug 2023 to Jul 2026. 97% 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
97% of the gas went to a processing plant in the last 12 monthsShare of PRESTON-FREEMAN 15K gas by disposition code each month, Aug 2023 to Jul 2026. 97% 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)

    97% · 193,291 mcf

  • Lease fuel (1)

    3.4% · 6,794 mcf

  • Flared (4)

    0.0% · 97 mcf

1 well on this lease

Wells on PRESTON-FREEMAN 15K
API numberWell no.Status
42-329-45498111HActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%From
Plains Pipeline L.p.OilGathers100Aug 27, 2022
Targa Pl Mid-Cont Westtex LLCCasinghead gasBuys100Aug 27, 2022
Targa Pl Mid-Cont Westtex LLCCasinghead gasGathers100Aug 27, 2022

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

Who buys my oilOil price check

1,240.10 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 15K
API numberWell no.Acreson the permit
42-329-45498111H1,240.10

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 15K
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20263,9823,98017,43716,72833$80.46$2.89
Jun 20263,1983,19916,84116,1852$84.81$3.15
May 20263,3133,31315,77915,1641$102.13$2.94
Apr 20263,3623,35917,29116,7560$100.32$2.77
Mar 20263,8583,85917,36416,7831$91.38$3.04
Feb 20263,5783,57715,23314,68133$64.51$3.62
Jan 20262,9622,96515,21114,68220$60.04$7.72
Dec 20254,2494,25418,42917,4882$57.97$4.26
Nov 20254,3094,30918,56517,5843$60.06$3.79
Oct 20253,3263,31214,27313,5431$60.89$3.19
Sep 20253423601,5421,5390$63.96$2.97
Aug 20255,2365,23532,21732,1581$64.86$2.91
Jul 20256,4286,45334,73834,6741$68.39$3.20
Jun 20256,0486,02834,11534,0540$68.17$3.02
May 20256,0876,08135,66135,5933$62.17$3.12
Apr 20256,5006,49631,15431,0943$63.54$3.42
Mar 20257,9708,00228,09828,0212$68.24$4.12
Feb 20254,6324,61119,11819,02736$71.53$4.19
Jan 20257,6997,70637,91637,8620$75.74$4.13
Dec 20248,7258,71640,54140,4930$70.12$3.01
Nov 20249,0769,07744,65144,5993$69.95$2.12
Oct 20249,9199,92849,27549,2230$71.99$2.20
Sep 202412,08212,07546,50446,4550$70.24$2.28
Aug 20249,0529,04231,32830,317116$76.68$1.99
Jul 20248,3508,34624,95824,2980$81.80$2.07
Jun 20248,3238,32718,97718,4312$79.77$2.54
May 20248,6248,62315,34014,8410$80.02$2.12
Apr 20248,8038,83615,28514,69271$85.35$1.60
Mar 20249,4819,48516,21715,6855$81.28$1.49
Feb 20248,6548,65412,91511,639543$77.25$1.72
Jan 20248,2808,2888,7838,37617$74.15$3.18
Dec 202311,53711,55821,80721,0390$71.90$2.52
Nov 202315,09415,01329,67328,8017$77.69$2.71
Oct 202314,45114,5208,3418,0680$85.64$2.98
Sep 202312,69512,71824,90624,0414$89.43$2.64
Aug 202316,23316,16121,32720,6670$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.

How to check your stub against this lease Checks stopped on this lease? See the likely reasons

Do your checks match this lease?

Check my statement

Nearby

This lease belongs to

OperatorPioneer Natural Res. USA, Inc.FieldSpraberry (Trend Area)CountyMidland County

Pioneer Natural Res. USA, Inc. in Midland County

All Pioneer Natural Res. USA, Inc. leases →

Spraberry (Trend Area) field

All leases in this field →

Leases within 10 km

Drilling permits within 10 km