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Producing

PRESTON N31L

Preston N31l 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

6,026bbl oil, last 12 months−34% vs prior year
Operator
Pioneer Natural Res. USA, Inc.
County
Midland County
Field
Spraberry (Trend Area) R 40 Exc
RRC lease
08-51735

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Where it sits

This county

Midland CountyMidlandMartinAndrewsGlasscockHowardEctorMidland County
Midland County
Gas, last 12 months
134,375 mcf
Oil in Jul 2026
412 bbl

Production by month

Oil output fell 34% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 34% over the last 12 monthsMonthly oil production and gas for PRESTON N31L, Aug 2023 to Jul 2026. Oil output fell 34% over the last 12 months. 6,026 bbl in the 12 months through Jul 2026, against 9,179 bbl in the 12 months before.Last 12 months: 6,026 bblbbl per monthmcf per month0025010k50020k75030k1,00040k1,25050kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 34% over the last 12 monthsMonthly oil production and gas for PRESTON N31L, Aug 2023 to Jul 2026. Oil output fell 34% over the last 12 months. 6,026 bbl in the 12 months through Jul 2026, against 9,179 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month0025010k50020k75030k1,00040k1,25050kJan 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 N31L 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 N31L 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% · 128,496 mcf

  • Lease fuel (1)

    4.2% · 5,702 mcf

  • Flared (4)

    0.1% · 177 mcf

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

1 well on this lease

Wells on PRESTON N31L
API numberWell no.Status
42-329-4155112HActive

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.OilGathers17Feb 1, 2022Jul 1, 2024
Plains Marketing, L.p.OilGathers17Feb 1, 2022Jul 1, 2024
Plains Pipeline L.p.OilGathers50Feb 1, 2022Jul 1, 2024
Ricky Shuler Trucking INCOilGathers16Feb 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 N31l
API numberWell no.Acreson the permit
42-329-4155112H3,207.10

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

Unit decimal checker

Estimate your royalty

36 months, newest first

Ledger for PRESTON N31L
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 202641241711,80011,1959$80.46$2.89
Jun 202637537710,55810,0710$84.81$3.15
May 202648647813,33712,7760$102.13$2.94
Apr 202648849212,81112,2070$100.32$2.77
Mar 202662562213,25112,69310$91.38$3.04
Feb 202645045311,17810,620120$64.51$3.62
Jan 20264634599,2348,7921$60.04$7.72
Dec 20256066139,8199,4110$57.97$4.26
Nov 20253243238,0817,71931$60.06$3.79
Oct 202563262912,75012,2740$60.89$3.19
Sep 202557957611,05510,6336$63.96$2.97
Aug 202558658910,50110,1050$64.86$2.91
Jul 202565364512,19911,7320$68.39$3.20
Jun 20254384517,0576,7940$68.17$3.02
May 202572872614,31113,7917$62.17$3.12
Apr 202577277113,73013,2290$63.54$3.42
Mar 202567567813,22712,7160$68.24$4.12
Feb 202582182118,96318,2600$71.53$4.19
Jan 202574974634,85533,4520$75.74$4.13
Dec 202487888021,31220,3670$70.12$3.01
Nov 202480680517,15716,3960$69.95$2.12
Oct 202478678717,08216,3670$71.99$2.20
Sep 20241,0161,01319,44018,6360$70.24$2.28
Aug 202485785516,46615,8041$76.68$1.99
Jul 202471570313,14712,5932$81.80$2.07
Jun 20242752815,7905,5430$79.77$2.54
May 202463163413,94213,34012$80.02$2.12
Apr 202462962612,71212,1800$85.35$1.60
Mar 202476075914,35313,7620$81.28$1.49
Feb 202465165216,91516,18922$77.25$1.72
Jan 202466566314,97014,4010$74.15$3.18
Dec 202358258215,71815,0980$71.90$2.52
Nov 202355555916,20615,5720$77.69$2.71
Oct 202371070816,98116,2958$85.64$2.98
Sep 202378378115,50314,9150$89.43$2.64
Aug 202367267221,77720,96411$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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