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Texas oil lease

Producing

PRESTON N31I

Preston N31i 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

1,896bbl oil, last 12 months−59% vs prior year
Operator
Pioneer Natural Res. USA, Inc.
County
Midland County
Field
Spraberry (Trend Area) R 40 Exc
RRC lease
08-50539

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Where it sits

This county

Midland CountyMidlandMartinAndrewsGlasscockHowardEctorMidland County
Midland County
Gas, last 12 months
177,797 mcf
Oil in Jul 2026
87 bbl

Production by month

Oil output fell 59% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 59% over the last 12 monthsMonthly oil production and gas for PRESTON N31I, Aug 2023 to Jul 2026. Oil output fell 59% over the last 12 months. 1,896 bbl in the 12 months through Jul 2026, against 4,647 bbl in the 12 months before.Last 12 months: 1,896 bblbbl per monthmcf per month002005,00040010k60015k80020k1,00025kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 59% over the last 12 monthsMonthly oil production and gas for PRESTON N31I, Aug 2023 to Jul 2026. Oil output fell 59% over the last 12 months. 1,896 bbl in the 12 months through Jul 2026, against 4,647 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002005,00040010k60015k80020k1,00025kJan 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 N31I 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 N31I 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% · 170,034 mcf

  • Lease fuel (1)

    4.2% · 7,545 mcf

  • Flared (4)

    0.1% · 218 mcf

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

1 well on this lease

Wells on PRESTON N31I
API numberWell no.Status
42-329-415479HActive

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.OilGathers33Jul 1, 2024–
Ricky Shuler Trucking INCOilGathers33Jul 1, 2024–
Targa Pl Mid-Cont Westtex LLCCasinghead gasBuys100May 26, 2018–
Targa Pl Mid-Cont Westtex LLCCasinghead gasGathers100May 26, 2018–
Oasis Transp & Marketing Corp.OilGathers25Feb 1, 2022Jul 1, 2024
Plains Marketing, L.p.OilGathers50Feb 1, 2022Jul 1, 2024
Ricky Shuler Trucking INCOilGathers25Feb 1, 2022Jul 1, 2024
Plains Marketing, L.p.OilGathers80May 26, 2018Feb 1, 2022
Ricky Shuler Trucking INCOilGathers20May 26, 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 N31i
API numberWell no.Acreson the permit
42-329-415479H3,207.10

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

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36 months, newest first

Ledger for PRESTON N31I
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026878816,13115,30012$80.46$2.89
Jun 2026798014,42913,7600$84.81$3.15
May 202610810315,55514,8970$102.13$2.94
Apr 202641515,0524,8120$100.32$2.77
Mar 202633333313,01112,46010$91.38$3.04
Feb 202627226712,22011,608132$64.51$3.62
Jan 202612512316,37215,5791$60.04$7.72
Dec 202515816116,59815,8910$57.97$4.26
Nov 2025969813,57812,96353$60.06$3.79
Oct 202523823819,70118,9600$60.89$3.19
Sep 202525124518,11717,42110$63.96$2.97
Aug 202510810917,03316,3830$64.86$2.91
Jul 202513513717,83517,1470$68.39$3.20
Jun 202520921319,80419,0600$68.17$3.02
May 202528228219,48218,7709$62.17$3.12
Apr 202533033120,05119,3160$63.54$3.42
Mar 202533633820,28719,4990$68.24$4.12
Feb 202543043415,56514,9870$71.53$4.19
Jan 202552151624,76623,7690$75.74$4.13
Dec 202450450520,71819,7960$70.12$3.01
Nov 202445045118,28817,4720$69.95$2.12
Oct 202447747617,29716,5700$71.99$2.20
Sep 202454354119,52018,7100$70.24$2.28
Aug 202443042618,55517,8052$76.68$1.99
Jul 202426226119,00918,2023$81.80$2.07
Jun 202422722717,82717,0631$79.77$2.54
May 202428428821,11520,20019$80.02$2.12
Apr 202438638422,08621,1560$85.35$1.60
Mar 202449549622,79821,8510$81.28$1.49
Feb 202448848719,09718,27425$77.25$1.72
Jan 202441742017,56316,8930$74.15$3.18
Dec 202357156820,35719,5520$71.90$2.52
Nov 202337937718,58017,8510$77.69$2.71
Oct 202326226019,69918,9009$85.64$2.98
Sep 202321721719,14518,4141$89.43$2.64
Aug 202320920819,82919,08610$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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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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