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Texas oil lease

Producing

PRESTON N31R

Preston N31r 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

10,188bbl oil, last 12 months−39% vs prior year
Operator
Pioneer Natural Res. USA, Inc.
County
Midland County
Field
Spraberry (Trend Area) R 40 Exc
RRC lease
08-56421

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Where it sits

This county

Midland CountyMidlandMartinAndrewsGlasscockHowardEctorMidland County
Midland County
Gas, last 12 months
248,122 mcf
Oil in Jul 2026
646 bbl

Production by month

Oil output fell 39% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 39% over the last 12 monthsMonthly oil production and gas for PRESTON N31R, Aug 2023 to Jul 2026. Oil output fell 39% over the last 12 months. 10,188 bbl in the 12 months through Jul 2026, against 16,671 bbl in the 12 months before.Last 12 months: 10,188 bblbbl per monthmcf per month0050010k1,00020k1,50030k2,00040k2,50050kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 39% over the last 12 monthsMonthly oil production and gas for PRESTON N31R, Aug 2023 to Jul 2026. Oil output fell 39% over the last 12 months. 10,188 bbl in the 12 months through Jul 2026, against 16,671 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month0050010k1,00020k1,50030k2,00040k2,50050kJan 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 N31R 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 N31R 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% · 237,171 mcf

  • Lease fuel (1)

    4.3% · 10,593 mcf

  • Flared (4)

    0.1% · 358 mcf

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

1 well on this lease

Wells on PRESTON N31R
API numberWell no.Status
42-329-4281018HActive

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 gasBuys100Oct 15, 2021–
Targa Pl Mid-Cont Westtex LLCCasinghead gasGathers100Oct 15, 2021–
Oasis Transp & Marketing Corp.OilGathers25Feb 1, 2022Jul 1, 2024
Plains Pipeline L.p.OilGathers75Feb 1, 2022Jul 1, 2024
Pilot Travel Centers LLCOilGathers10Oct 15, 2021Feb 1, 2022
Plains Pipeline L.p.OilGathers90Oct 15, 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 N31r
API numberWell no.Acreson the permit
42-329-4281018H80

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

Unit decimal checker

Estimate your royalty

36 months, newest first

Ledger for PRESTON N31R
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 202664665922,95921,78117$80.46$2.89
Jun 202665065419,56118,6580$84.81$3.15
May 202686885823,36322,3800$102.13$2.94
Apr 202698698923,66022,5460$100.32$2.77
Mar 20261,1271,12625,47224,39720$91.38$3.04
Feb 202691792425,23923,978272$64.51$3.62
Jan 202696094521,40820,3832$60.04$7.72
Dec 20251,0181,02519,61918,8000$57.97$4.26
Nov 20254994979,5479,12137$60.06$3.79
Oct 202595394718,99418,2840$60.89$3.19
Sep 202580279619,13618,40510$63.96$2.97
Aug 202576277719,16418,4380$64.86$2.91
Jul 20251,2081,20019,93119,1690$68.39$3.20
Jun 20251,0421,05120,88520,1060$68.17$3.02
May 20251,0811,07822,50421,68611$62.17$3.12
Apr 20251,1871,18823,17122,3260$63.54$3.42
Mar 20251,2721,27523,68222,7680$68.24$4.12
Feb 20251,2741,27920,98120,2060$71.53$4.19
Jan 20251,3121,30422,40421,5090$75.74$4.13
Dec 20241,4851,50023,29622,2670$70.12$3.01
Nov 20241,7221,72422,16321,1870$69.95$2.12
Oct 20241,8501,83624,94123,9040$71.99$2.20
Sep 20241,6471,64721,55620,6670$70.24$2.28
Aug 20241,5911,60222,44121,5412$76.68$1.99
Jul 20241,8891,88224,28923,2684$81.80$2.07
Jun 20241,7431,73923,97922,9591$79.77$2.54
May 20241,9181,93124,30823,26121$80.02$2.12
Apr 20241,9941,97825,04924,0050$85.35$1.60
Mar 20242,1112,10730,97329,7030$81.28$1.49
Feb 20241,7991,79524,89123,82933$77.25$1.72
Jan 20241,4021,41222,17421,3341$74.15$3.18
Dec 20231,9381,93731,41230,1800$71.90$2.52
Nov 20231,8561,86327,26526,2080$77.69$2.71
Oct 20232,0542,04729,22428,04814$85.64$2.98
Sep 20232,1512,15630,17429,0311$89.43$2.64
Aug 20232,4422,43532,36631,16516$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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