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Texas oil lease

Producing

PRESTON-FREEMAN 15L

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

1 well

26,132bbl oil, last 12 months−17% vs prior year
Operator
Pioneer Natural Res. USA, Inc.
County
Midland County
Field
Spraberry (Trend Area)
RRC lease
08-58410

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Where it sits

This county

Midland CountyMidlandMartinAndrewsGlasscockHowardEctorMidland County
Midland County
Gas, last 12 months
341,195 mcf
Oil in Jul 2026
1,661 bbl

Production by month

Oil output fell 17% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 17% over the last 12 monthsMonthly oil production and gas for PRESTON-FREEMAN 15L, Aug 2023 to Jul 2026. Oil output fell 17% over the last 12 months. 26,132 bbl in the 12 months through Jul 2026, against 31,475 bbl in the 12 months before.Last 12 months: 26,132 bblbbl per monthmcf per month002,50020k5,00040k7,50060k10k80kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 17% over the last 12 monthsMonthly oil production and gas for PRESTON-FREEMAN 15L, Aug 2023 to Jul 2026. Oil output fell 17% over the last 12 months. 26,132 bbl in the 12 months through Jul 2026, against 31,475 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002,50020k5,00040k7,50060k10k80kJan 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

  • 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 15L 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.Share of the lease’s gas by disposition code, per month0%50%100%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
96% of the gas went to a processing plant in the last 12 monthsShare of PRESTON-FREEMAN 15L 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.Share of gas by disposition code0%50%100%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    96% · 327,307 mcf

  • Lease fuel (1)

    4.0% · 13,710 mcf

  • Flared (4)

    0.1% · 178 mcf

0.1% of the gas flared in the last 12 months. No month above 3%.

1 well on this lease

Wells on PRESTON-FREEMAN 15L
API numberWell no.Status
42-329-45499112HActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%From
Plains Pipeline L.p.OilGathers100Aug 17, 2022
Targa Pl Mid-Cont Westtex LLCCasinghead gasBuys100Aug 17, 2022
Targa Pl Mid-Cont Westtex LLCCasinghead gasGathers100Aug 17, 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 15L
API numberWell no.Acreson the permit
42-329-45499112H1,240.10

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 15L
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20261,6611,66130,77429,50460$80.46$2.89
Jun 20261,6451,64729,68128,5113$84.81$3.15
May 20262,0352,03533,27431,9582$102.13$2.94
Apr 20262,2272,22528,87127,9690$100.32$2.77
Mar 20262,3552,35539,54438,2003$91.38$3.04
Feb 20261,8471,84828,61127,56163$64.51$3.62
Jan 20262,2002,20125,18124,29634$60.04$7.72
Dec 20252,6152,61829,23427,7253$57.97$4.26
Nov 20252,6392,63822,77621,5613$60.06$3.79
Oct 20251,9041,90821,40720,2992$60.89$3.19
Sep 20252,3152,31225,42924,3204$63.96$2.97
Aug 20252,6892,68826,41325,4031$64.86$2.91
Jul 20253,0123,02422,36721,4720$68.39$3.20
Jun 20252,8542,84216,38215,7550$68.17$3.02
May 20252,2682,2658,3668,0401$62.17$3.12
Apr 20252,2172,2155,5324,5530$63.54$3.42
Mar 20251,6241,62522,51319,8681$68.24$4.12
Feb 20255385407,0896,65413$71.53$4.19
Jan 20252,0892,09327,62326,7040$75.74$4.13
Dec 20243,0983,09537,74836,6020$70.12$3.01
Nov 20243,2243,22432,84931,8282$69.95$2.12
Oct 20243,4153,41629,99229,0750$71.99$2.20
Sep 20243,2803,28242,42041,2690$70.24$2.28
Aug 20243,8563,85244,94743,476169$76.68$1.99
Jul 20243,9873,98538,88037,8330$81.80$2.07
Jun 20243,9353,93731,19230,2724$79.77$2.54
May 20243,6183,61717,05716,4860$80.02$2.12
Apr 20243,7623,7839,1718,81143$85.35$1.60
Mar 20245,4005,37320,62419,9256$81.28$1.49
Feb 2024034000$77.25$1.72
Jan 20245,5175,52443,85243,63298$74.15$3.18
Dec 20237,9817,97169,97969,8460$71.90$2.52
Nov 20235,8645,83318,80718,2484$77.69$2.71
Oct 20236,8836,9212,4132,3420$85.64$2.98
Sep 20236,9726,9853,0532,9640$89.43$2.64
Aug 20238,9978,9814,8574,7200$81.39$2.58

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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