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Producing

PRESTON N31J

Preston N31j 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

2,544bbl oil, last 12 months−72% vs prior year
Operator
Pioneer Natural Res. USA, Inc.
County
Midland County
Field
Spraberry (Trend Area) R 40 Exc
RRC lease
08-51849

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Where it sits

This county

Midland CountyMidlandMartinAndrewsGlasscockHowardEctorMidland County
Midland County
Gas, last 12 months
62,205 mcf
Oil in Jul 2026
100 bbl

Production by month

Oil output fell 72% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 72% over the last 12 monthsMonthly oil production and gas for PRESTON N31J, Aug 2023 to Jul 2026. Oil output fell 72% over the last 12 months. 2,544 bbl in the 12 months through Jul 2026, against 9,039 bbl in the 12 months before.Last 12 months: 2,544 bblbbl per monthmcf per month002505,00050010k75015k1,00020kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 72% over the last 12 monthsMonthly oil production and gas for PRESTON N31J, Aug 2023 to Jul 2026. Oil output fell 72% over the last 12 months. 2,544 bbl in the 12 months through Jul 2026, against 9,039 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002505,00050010k75015k1,00020kJan 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 N31J 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 N31J 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% · 59,548 mcf

  • Lease fuel (1)

    4.1% · 2,573 mcf

  • Flared (4)

    0.1% · 84 mcf

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

1 well on this lease

Wells on PRESTON N31J
API numberWell no.Status
42-329-4154810HActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Anchor Crude Marketing, LLCOilGathers25Jul 1, 2024–
Plains Marketing, L.p.OilGathers25Jul 1, 2024–
Plains Pipeline L.p.OilGathers25Jul 1, 2024–
Ricky Shuler Trucking INCOilGathers25Jul 1, 2024–
Targa Pl Mid-Cont Westtex LLCCasinghead gasBuys100Jan 26, 2019–
Targa Pl Mid-Cont Westtex LLCCasinghead gasGathers100Jan 26, 2019–
Oasis Transp & Marketing Corp.OilGathers15Feb 1, 2022Jul 1, 2024
Plains Marketing, L.p.OilGathers15Feb 1, 2022Jul 1, 2024
Plains Pipeline L.p.OilGathers55Feb 1, 2022Jul 1, 2024
Ricky Shuler Trucking INCOilGathers15Feb 1, 2022Jul 1, 2024
Plains Marketing, L.p.OilGathers10Jan 26, 2019Feb 1, 2022
Plains Pipeline L.p.OilGathers80Jan 26, 2019Feb 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 N31j
API numberWell no.Acreson the permit
42-329-4154810H3,207.10

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

Unit decimal checker

Estimate your royalty

36 months, newest first

Ledger for PRESTON N31J
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20261001023,9863,7813$80.46$2.89
Jun 202693923,5663,4010$84.81$3.15
May 20261091064,2524,0730$102.13$2.94
Apr 202671742,2352,1290$100.32$2.77
Mar 20261631631,6511,5821$91.38$3.04
Feb 20261221235,2624,99857$64.51$3.62
Jan 20261261254,7064,4800$60.04$7.72
Dec 20251601616,5336,2570$57.97$4.26
Nov 202578894,9464,72319$60.06$3.79
Oct 20254674689,7969,4300$60.89$3.19
Sep 20255235218,0437,7374$63.96$2.97
Aug 20255325367,2296,9570$64.86$2.91
Jul 20256386337,4297,1460$68.39$3.20
Jun 20255425488,0627,7620$68.17$3.02
May 20255975979,1578,8254$62.17$3.12
Apr 20256946946,8946,6440$63.54$3.42
Mar 20257307309,5799,2110$68.24$4.12
Feb 20256977027,4667,1920$71.53$4.19
Jan 20257857838,7498,4020$75.74$4.13
Dec 202498898811,68811,1740$70.12$3.01
Nov 202480280313,69113,0850$69.95$2.12
Oct 202486986613,18812,6390$71.99$2.20
Sep 202492792410,95410,5030$70.24$2.28
Aug 202477077211,20710,7580$76.68$1.99
Jul 202481480810,51810,0762$81.80$2.07
Jun 20246136119,7849,3680$79.77$2.54
May 202466066310,64410,1859$80.02$2.12
Apr 202463663110,3569,9230$85.35$1.60
Mar 202466466511,26610,8030$81.28$1.49
Feb 202465465711,86411,35616$77.25$1.72
Jan 202476075510,45710,0620$74.15$3.18
Dec 202354454613,89313,3450$71.90$2.52
Nov 202359059711,93611,4710$77.69$2.71
Oct 202387186712,09711,6106$85.64$2.98
Sep 202387187014,42613,8790$89.43$2.64
Aug 202384284119,21718,50010$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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