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Producing

PRESTON N31O

Preston N31o 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

20,491bbl 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
08-56100

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Where it sits

This county

Midland CountyMidlandMartinAndrewsGlasscockHowardEctorMidland County
Midland County
Gas, last 12 months
97,299 mcf
Oil in Jul 2026
1,684 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 N31O, Aug 2023 to Jul 2026. Oil output fell 34% over the last 12 months. 20,491 bbl in the 12 months through Jul 2026, against 31,015 bbl in the 12 months before.Last 12 months: 20,491 bblbbl per monthmcf per month002,00010k4,00020k6,00030k8,00040kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 34% over the last 12 monthsMonthly oil production and gas for PRESTON N31O, Aug 2023 to Jul 2026. Oil output fell 34% over the last 12 months. 20,491 bbl in the 12 months through Jul 2026, against 31,015 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002,00010k4,00020k6,00030k8,00040kJan 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 N31O 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 N31O 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% · 93,850 mcf

  • Lease fuel (1)

    3.4% · 3,308 mcf

  • Flared (4)

    0.1% · 141 mcf

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

1 well on this lease

Wells on PRESTON N31O
API numberWell no.Status
42-329-4446315HActive

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 gasBuys100Feb 1, 2022–
Targa Pl Mid-Cont Westtex LLCCasinghead gasGathers100Feb 1, 2022–
Oasis Transp & Marketing Corp.OilGathers25Feb 1, 2022Jul 1, 2024
Plains Pipeline L.p.OilGathers75Feb 1, 2022Jul 1, 2024
Targa Midland LLCCasinghead gasGathers100Apr 11, 2021Feb 1, 2022
Targa Midland LLCCasinghead gasBuys100Apr 11, 2021Feb 1, 2022
Pilot Travel Centers LLCOilGathers10Apr 11, 2021Feb 1, 2022
Plains Pipeline L.p.OilGathers90Apr 11, 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 N31o
API numberWell no.Acreson the permit
42-329-4446315H80

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

Unit decimal checker

Estimate your royalty

36 months, newest first

Ledger for PRESTON N31O
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20261,6841,70110,2319,7197$80.46$2.89
Jun 20261,4331,4469,7809,3380$84.81$3.15
May 20261,9481,92512,01911,5230$102.13$2.94
Apr 20262,2232,24312,94312,3570$100.32$2.77
Mar 20262,9172,90913,25212,71110$91.38$3.04
Feb 20262,2302,24410,82810,689118$64.51$3.62
Jan 20262,3032,2568,5878,5651$60.04$7.72
Dec 20252,0462,0405,4635,2710$57.97$4.26
Nov 20257247131,6181,5555$60.06$3.79
Oct 20251,1431,1151,8401,7790$60.89$3.19
Sep 202538441469690$63.96$2.97
Aug 20251,4561,47610,66910,2740$64.86$2.91
Jul 20252,0542,07014,49914,4710$68.39$3.20
Jun 20252,8752,89017,06117,0290$68.17$3.02
May 20252,7182,69617,14917,1098$62.17$3.12
Apr 20252,4062,44115,50715,4780$63.54$3.42
Mar 20253,9093,93721,18121,1410$68.24$4.12
Feb 20254,4794,38217,19217,1590$71.53$4.19
Jan 20251,1391,1334,7594,7500$75.74$4.13
Dec 20241,2981,3217,3517,3350$70.12$3.01
Nov 20241,8521,86713,48413,4540$69.95$2.12
Oct 20242,4472,44619,36819,3290$71.99$2.20
Sep 20242,9622,96420,63120,5910$70.24$2.28
Aug 20242,8762,90318,98218,9422$76.68$1.99
Jul 20243,7403,73121,60421,5603$81.80$2.07
Jun 20243,6803,67518,50318,4661$79.77$2.54
May 20244,1324,13518,91718,16517$80.02$2.12
Apr 20243,3773,34319,67318,5520$85.35$1.60
Mar 20243,1673,16817,35616,4850$81.28$1.49
Feb 20243,0343,04819,10718,14724$77.25$1.72
Jan 20243,4683,47535,53734,4731$74.15$3.18
Dec 20233,8583,86235,50433,7720$71.90$2.52
Nov 20233,9123,92631,07329,5490$77.69$2.71
Oct 20234,3254,31231,17328,96314$85.64$2.98
Sep 20234,6984,70833,13331,1271$89.43$2.64
Aug 20235,3005,28533,45931,70316$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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