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Texas oil lease

Producing

PRESTON N31M

Preston N31m is an oil lease in Midland County, Texas, operated by Pioneer Natural Res. USA, Inc. in the Spraberry (Trend Area) field.

1 well

21,325bbl oil, last 12 months−27% vs prior year
Operator
Pioneer Natural Res. USA, Inc.
County
Midland County
Field
Spraberry (Trend Area)
RRC lease
08-56222

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Where it sits

This county

Midland CountyMidlandMartinAndrewsGlasscockHowardEctorMidland County
Midland County
Gas, last 12 months
188,720 mcf
Oil in Jul 2026
1,566 bbl

Production by month

Oil output fell 27% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 27% over the last 12 monthsMonthly oil production and gas for PRESTON N31M, Aug 2023 to Jul 2026. Oil output fell 27% over the last 12 months. 21,325 bbl in the 12 months through Jul 2026, against 29,015 bbl in the 12 months before.Last 12 months: 21,325 bblbbl per monthmcf per month001,00010k2,00020k3,00030k4,00040kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 27% over the last 12 monthsMonthly oil production and gas for PRESTON N31M, Aug 2023 to Jul 2026. Oil output fell 27% over the last 12 months. 21,325 bbl in the 12 months through Jul 2026, against 29,015 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month001,00010k2,00020k3,00030k4,00040kJan 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 N31M 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 N31M 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% · 180,649 mcf

  • Lease fuel (1)

    4.1% · 7,830 mcf

  • Flared (4)

    0.1% · 241 mcf

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

1 well on this lease

Wells on PRESTON N31M
API numberWell no.Status
42-329-4446213HActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Anchor Crude Marketing, LLCOilGathers50Jul 1, 2024–
Plains Pipeline L.p.OilGathers50Jul 1, 2024–
Targa Pl Mid-Cont Westtex LLCCasinghead gasBuys100May 5, 2021–
Targa Pl Mid-Cont Westtex LLCCasinghead gasGathers100May 5, 2021–
Oasis Transp & Marketing Corp.OilGathers25Feb 1, 2022Jul 1, 2024
Plains Pipeline L.p.OilGathers75Feb 1, 2022Jul 1, 2024
Pilot Travel Centers LLCOilGathers10May 5, 2021Feb 1, 2022
Plains Pipeline L.p.OilGathers90May 5, 2021Feb 1, 2022

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

Who buys my oilOil price check

80 acres on the newest permit

  • 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 N31m
API numberWell no.Acreson the permit
42-329-4446213H80

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

Unit decimal checker

Estimate your royalty

36 months, newest first

Ledger for PRESTON N31M
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20261,5661,58813,72013,02710$80.46$2.89
Jun 20261,4201,42712,32711,7660$84.81$3.15
May 20261,8301,80315,47114,8280$102.13$2.94
Apr 20261,9521,96116,55415,7920$100.32$2.77
Mar 20262,3012,29117,04216,33513$91.38$3.04
Feb 20261,6811,69314,61413,892156$64.51$3.62
Jan 20261,7531,73813,98913,3371$60.04$7.72
Dec 20252,3052,32020,09019,2770$57.97$4.26
Nov 20251,0991,10013,86613,25353$60.06$3.79
Oct 20252,2532,22719,64218,9170$60.89$3.19
Sep 20251,5741,56614,22213,6858$63.96$2.97
Aug 20251,5911,60217,18316,5400$64.86$2.91
Jul 20251,8901,89018,68517,9760$68.39$3.20
Jun 20252,1152,12319,06218,3580$68.17$3.02
May 20251,8991,89419,04218,3569$62.17$3.12
Apr 20252,0452,05119,00118,3140$63.54$3.42
Mar 20252,3772,39718,63517,9250$68.24$4.12
Feb 20252,8962,90134,26133,0000$71.53$4.19
Jan 20252,7832,75829,86528,6810$75.74$4.13
Dec 20242,7402,73522,01621,0540$70.12$3.01
Nov 20242,0612,07219,71218,8500$69.95$2.12
Oct 20242,5332,53120,91020,0500$71.99$2.20
Sep 20243,0263,02018,18917,4460$70.24$2.28
Aug 20242,6502,67418,86018,1122$76.68$1.99
Jul 20243,3863,38320,16719,3323$81.80$2.07
Jun 20243,5363,52418,55517,7761$79.77$2.54
May 20243,6313,65719,29517,78616$80.02$2.12
Apr 20243,8763,83517,31215,6990$85.35$1.60
Mar 20243,5163,51815,58514,2590$81.28$1.49
Feb 20243,4193,40412,83211,74415$77.25$1.72
Jan 20242,3292,3068,2817,7680$74.15$3.18
Dec 20231,1941,1788427940$71.90$2.52
Nov 202335839113,67812,5030$77.69$2.71
Oct 20231,8611,87913,25012,3116$85.64$2.98
Sep 20233,4083,41722,30220,9531$89.43$2.64
Aug 20233,9153,91026,11524,74213$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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