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Texas oil lease

Producing

PRESTON N31H

Preston N31h is an oil lease in Midland County, Texas, operated by Pioneer Natural Res. USA, Inc. in the Spraberry (Trend Area) R 40 Exc field.

1 well

3,615bbl oil, last 12 months−25% vs prior year
Operator
Pioneer Natural Res. USA, Inc.
County
Midland County
Field
Spraberry (Trend Area) R 40 Exc
RRC lease
08-50536

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Where it sits

This county

Midland CountyMidlandMartinAndrewsGlasscockHowardEctorMidland County
Midland County
Gas, last 12 months
166,622 mcf
Oil in Jul 2026
340 bbl

Production by month

Oil output fell 25% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 25% over the last 12 monthsMonthly oil production and gas for PRESTON N31H, Aug 2023 to Jul 2026. Oil output fell 25% over the last 12 months. 3,615 bbl in the 12 months through Jul 2026, against 4,804 bbl in the 12 months before.Last 12 months: 3,615 bblbbl per monthmcf per month001005,00020010k30015k40020k50025kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 25% over the last 12 monthsMonthly oil production and gas for PRESTON N31H, Aug 2023 to Jul 2026. Oil output fell 25% over the last 12 months. 3,615 bbl in the 12 months through Jul 2026, against 4,804 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month001005,00020010k30015k40020k50025kJan 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 N31H 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 N31H 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% · 159,346 mcf

  • Lease fuel (1)

    4.2% · 7,045 mcf

  • Flared (4)

    0.1% · 231 mcf

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

1 well on this lease

Wells on PRESTON N31H
API numberWell no.Status
42-329-415508HActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Anchor Crude Marketing, LLCOilGathers34Jul 1, 2024–
Plains Marketing, L.p.OilGathers33Feb 1, 2022–
Ricky Shuler Trucking INCOilGathers33Feb 1, 2022–
Targa Pl Mid-Cont Westtex LLCCasinghead gasBuys100May 24, 2018–
Targa Pl Mid-Cont Westtex LLCCasinghead gasGathers100May 24, 2018–
Oasis Transp & Marketing Corp.OilGathers34Feb 1, 2022Jul 1, 2024
Plains Marketing, L.p.OilGathers80May 24, 2018Feb 1, 2022
Ricky Shuler Trucking INCOilGathers20May 24, 2018Feb 1, 2022

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

Who buys my oilOil price check

3,207.10 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 N31h
API numberWell no.Acreson the permit
42-329-415508H3,207.10

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

Unit decimal checker

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36 months, newest first

Ledger for PRESTON N31H
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 202634034511,25210,6758$80.46$2.89
Jun 202631131010,0689,6030$84.81$3.15
May 202636235313,44112,8750$102.13$2.94
Apr 202629529715,49214,7570$100.32$2.77
Mar 202634634417,16216,43513$91.38$3.04
Feb 202625725915,27514,510165$64.51$3.62
Jan 202626826612,89112,2691$60.04$7.72
Dec 202534134312,44111,9150$57.97$4.26
Nov 20251621629,0798,67035$60.06$3.79
Oct 202534033915,03914,4740$60.89$3.19
Sep 202529929716,05215,4359$63.96$2.97
Aug 202529429418,43017,7280$64.86$2.91
Jul 202530130214,81114,2410$68.39$3.20
Jun 202535335612,87512,3930$68.17$3.02
May 202536536213,87013,3647$62.17$3.12
Apr 202533733615,21114,6540$63.54$3.42
Mar 202535836315,62515,0190$68.24$4.12
Feb 202546546715,16414,6010$71.53$4.19
Jan 202546746316,73216,0590$75.74$4.13
Dec 202448949020,17719,2790$70.12$3.01
Nov 202444244114,33113,6930$69.95$2.12
Oct 202440240015,00814,3770$71.99$2.20
Sep 202444044021,07020,1950$70.24$2.28
Aug 202438538717,16416,4711$76.68$1.99
Jul 202444344017,13716,4103$81.80$2.07
Jun 202436235815,28114,6271$79.77$2.54
May 202423223416,42115,70915$80.02$2.12
Apr 202429028815,69515,0340$85.35$1.60
Mar 202431832016,10215,4330$81.28$1.49
Feb 202436836717,04416,30923$77.25$1.72
Jan 202432232016,85816,2140$74.15$3.18
Dec 202319018715,89915,2680$71.90$2.52
Nov 2023282812,06911,5930$77.69$2.71
Oct 2023292813,85313,2897$85.64$2.98
Sep 2023303017,42716,7620$89.43$2.64
Aug 2023232318,43817,7479$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) R 40 ExcCountyMidland County

Pioneer Natural Res. USA, Inc. in Midland County

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Spraberry (Trend Area) R 40 Exc field

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