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Texas oil lease

Producing

PRESTON N31Q

Preston N31q 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

24,616bbl oil, last 12 months−17% vs prior year
Operator
Pioneer Natural Res. USA, Inc.
County
Midland County
Field
Spraberry (Trend Area) R 40 Exc
RRC lease
08-56201

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Where it sits

This county

Midland CountyMidlandMartinAndrewsGlasscockHowardEctorMidland County
Midland County
Gas, last 12 months
221,105 mcf
Oil in Jul 2026
1,472 bbl

Production by month

Oil output fell 17% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 17% over the last 12 monthsMonthly oil production and gas for PRESTON N31Q, Aug 2023 to Jul 2026. Oil output fell 17% over the last 12 months. 24,616 bbl in the 12 months through Jul 2026, against 29,490 bbl in the 12 months before.Last 12 months: 24,616 bblbbl per monthmcf per month001,00010k2,00020k3,00030k4,00040k5,00050kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 17% over the last 12 monthsMonthly oil production and gas for PRESTON N31Q, Aug 2023 to Jul 2026. Oil output fell 17% over the last 12 months. 24,616 bbl in the 12 months through Jul 2026, against 29,490 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month001,00010k2,00020k3,00030k4,00040k5,00050kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

Over 99% of the gas went to a processing plant in the last 12 months

  • Processing plant (3)
  • Lease fuel (1)
  • Flared (4)
Over 99% of the gas went to a processing plant in the last 12 monthsShare of PRESTON N31Q gas by disposition code each month, Aug 2023 to Jul 2026. Over 99% 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
Over 99% of the gas went to a processing plant in the last 12 monthsShare of PRESTON N31Q gas by disposition code each month, Aug 2023 to Jul 2026. Over 99% 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)

    100% · 220,378 mcf

  • Lease fuel (1)

    0.2% · 491 mcf

  • Flared (4)

    0.1% · 236 mcf

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

1 well on this lease

Wells on PRESTON N31Q
API numberWell no.Status
42-329-4446817HActive

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 gasBuys100Apr 22, 2021–
Targa Pl Mid-Cont Westtex LLCCasinghead gasGathers100Apr 22, 2021–
Oasis Transp & Marketing Corp.OilGathers25Feb 1, 2022Jul 1, 2024
Plains Pipeline L.p.OilGathers75Feb 1, 2022Jul 1, 2024
Pilot Travel Centers LLCOilGathers10Apr 22, 2021Feb 1, 2022
Plains Pipeline L.p.OilGathers90Apr 22, 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 N31q
API numberWell no.Acreson the permit
42-329-4446817H80

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

Unit decimal checker

Estimate your royalty

36 months, newest first

Ledger for PRESTON N31Q
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20261,4721,49317,49117,43413$80.46$2.89
Jun 20261,3471,35315,75215,7150$84.81$3.15
May 20261,7291,71618,22218,1840$102.13$2.94
Apr 20262,1812,19419,69019,6430$100.32$2.77
Mar 20262,6682,63621,99021,92917$91.38$3.04
Feb 20261,4271,48611,93211,776132$64.51$3.62
Jan 20262,5762,53317,69517,6501$60.04$7.72
Dec 20252,6322,66319,38019,3400$57.97$4.26
Nov 20251,4561,44415,77815,67062$60.06$3.79
Oct 20252,5852,57421,31021,2690$60.89$3.19
Sep 20252,3222,30520,66820,61511$63.96$2.97
Aug 20252,2212,24121,19721,1530$64.86$2.91
Jul 20252,7782,78822,84322,7990$68.39$3.20
Jun 20253,4753,50422,13222,0900$68.17$3.02
May 20253,5743,56824,03323,97612$62.17$3.12
Apr 20253,9703,98121,87821,8370$63.54$3.42
Mar 20254,5714,49519,31019,2740$68.24$4.12
Feb 20251,7911,7464,7914,7820$71.53$4.19
Jan 20252462661,4911,4880$75.74$4.13
Dec 20241,1401,1556,8936,8780$70.12$3.01
Nov 20241,4641,4718,4938,4740$69.95$2.12
Oct 20241,7771,78212,70112,6760$71.99$2.20
Sep 20242,3642,36614,86614,8370$70.24$2.28
Aug 20242,3402,36915,33115,2991$76.68$1.99
Jul 20243,2963,30717,01916,9843$81.80$2.07
Jun 20243,9913,95218,96318,9251$79.77$2.54
May 20242,8622,88819,51118,73117$80.02$2.12
Apr 20243,2613,24220,44919,2810$85.35$1.60
Mar 20243,8573,85722,96821,8100$81.28$1.49
Feb 20243,6243,63219,94218,94525$77.25$1.72
Jan 20243,7303,72729,86628,9771$74.15$3.18
Dec 20233,6073,60433,84032,1880$71.90$2.52
Nov 20233,3323,35628,82727,4090$77.69$2.71
Oct 20234,2534,23827,07025,15712$85.64$2.98
Sep 20234,4574,46025,79524,2391$89.43$2.64
Aug 20234,6564,64027,79526,33714$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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