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Texas oil lease

Producing

PRESTON N31P

Preston N31p is an oil lease in Midland County, Texas, operated by Pioneer Natural Res. USA, Inc. in the Spraberry (Trend Area) field.

1 well

8,052bbl oil, last 12 months−29% vs prior year
Operator
Pioneer Natural Res. USA, Inc.
County
Midland County
Field
Spraberry (Trend Area)
RRC lease
08-56407

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Where it sits

This county

Midland CountyMidlandMartinAndrewsGlasscockHowardEctorMidland County
Midland County
Gas, last 12 months
223,895 mcf
Oil in Jul 2026
688 bbl

Production by month

Oil output fell 29% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 29% over the last 12 monthsMonthly oil production and gas for PRESTON N31P, Aug 2023 to Jul 2026. Oil output fell 29% over the last 12 months. 8,052 bbl in the 12 months through Jul 2026, against 11,323 bbl in the 12 months before.Last 12 months: 8,052 bblbbl per monthmcf per month0050010k1,00020k1,50030k2,00040kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 29% over the last 12 monthsMonthly oil production and gas for PRESTON N31P, Aug 2023 to Jul 2026. Oil output fell 29% over the last 12 months. 8,052 bbl in the 12 months through Jul 2026, against 11,323 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month0050010k1,00020k1,50030k2,00040kJan 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 N31P 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 N31P 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% · 214,087 mcf

  • Lease fuel (1)

    4.2% · 9,505 mcf

  • Flared (4)

    0.1% · 303 mcf

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

1 well on this lease

Wells on PRESTON N31P
API numberWell no.Status
42-329-4280616HActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%From
Anchor Crude Marketing, LLCOilGathers34Jul 1, 2024
Plains Pipeline L.p.OilGathers33Jul 1, 2024
Ricky Shuler Trucking INCOilGathers33Jul 1, 2024
Targa Pl Mid-Cont Westtex LLCCasinghead gasBuys100Jul 1, 2024
Targa Pl Mid-Cont Westtex LLCCasinghead gasGathers100Jul 1, 2024

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 N31p
API numberWell no.Acreson the permit
42-329-4280616H80

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

Unit decimal checker

Estimate your royalty

36 months, newest first

Ledger for PRESTON N31P
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 202668869817,31316,42613$80.46$2.89
Jun 202662963215,51614,8010$84.81$3.15
May 202681279519,41818,6020$102.13$2.94
Apr 202670270422,75321,6780$100.32$2.77
Mar 202678778319,64918,82015$91.38$3.04
Feb 202657257719,85918,866214$64.51$3.62
Jan 202661861318,17017,2962$60.04$7.72
Dec 202579780418,60617,8260$57.97$4.26
Nov 202541241412,78312,20949$60.06$3.79
Oct 202589488521,99121,1680$60.89$3.19
Sep 202565664719,34418,60410$63.96$2.97
Aug 202548548618,49317,7910$64.86$2.91
Jul 202549750219,39118,6450$68.39$3.20
Jun 202574074720,54819,7790$68.17$3.02
May 202577377322,90522,07011$62.17$3.12
Apr 202589489422,32921,5130$63.54$3.42
Mar 20251,0231,02623,24622,3470$68.24$4.12
Feb 202598098820,70419,9370$71.53$4.19
Jan 20251,1341,12628,37427,2360$75.74$4.13
Dec 20241,2321,23031,02429,6480$70.12$3.01
Nov 202494995826,17425,0100$69.95$2.12
Oct 20241,3021,28526,76125,6420$71.99$2.20
Sep 202486286524,55923,5410$70.24$2.28
Aug 202493794124,51623,5282$76.68$1.99
Jul 20241,0181,01626,55025,4274$81.80$2.07
Jun 20241,0431,03926,07224,9581$79.77$2.54
May 20241,0311,04128,74427,50125$80.02$2.12
Apr 20241,1861,17925,77324,6930$85.35$1.60
Mar 20241,4081,40826,09925,0240$81.28$1.49
Feb 20241,3261,32222,52621,56230$77.25$1.72
Jan 20241,0041,00827,08926,0571$74.15$3.18
Dec 20231,2251,23332,34331,0670$71.90$2.52
Nov 20231,5821,58130,17429,0000$77.69$2.71
Oct 20231,4311,42627,45026,34313$85.64$2.98
Sep 20231,5191,52328,77327,6811$89.43$2.64
Aug 20231,7781,77331,90730,72016$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)CountyMidland County

Pioneer Natural Res. USA, Inc. in Midland County

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Spraberry (Trend Area) field

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