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Texas oil lease

Producing

PRESTON S31I

Preston S31i 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

4,916bbl oil, last 12 months0% vs prior year
RRC lease
08-49124

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Where it sits

This county

Midland CountyMidlandMartinAndrewsGlasscockHowardEctorMidland County
Midland County
Gas, last 12 months
277,877 mcf
Oil in Jul 2026
302 bbl

Production by month

Oil output held steady over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output held steady over the last 12 monthsMonthly oil production and gas for PRESTON S31I, Aug 2023 to Jul 2026. Oil output held steady over the last 12 months. 4,916 bbl in the 12 months through Jul 2026, against 4,914 bbl in the 12 months before.Last 12 months: 4,916 bblbbl per monthmcf per month0025010k50020k75030k1,00040k1,25050kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output held steady over the last 12 monthsMonthly oil production and gas for PRESTON S31I, Aug 2023 to Jul 2026. Oil output held steady over the last 12 months. 4,916 bbl in the 12 months through Jul 2026, against 4,914 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month0025010k50020k75030k1,00040k1,25050kJan 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 S31I 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 S31I 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% · 265,774 mcf

  • Lease fuel (1)

    4.2% · 11,710 mcf

  • Flared (4)

    0.1% · 393 mcf

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

1 well on this lease

Wells on PRESTON S31I
API numberWell no.Status
42-329-41560109HActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Anchor Crude Marketing, LLCOilGathers34Jul 1, 2024–
Plains Marketing, L.p.OilGathers33Jul 1, 2024–
Plains Pipeline L.p.OilGathers33Jul 1, 2024–
Targa Pl Mid-Cont Westtex LLCCasinghead gasBuys100May 11, 2017–
Targa Pl Mid-Cont Westtex LLCCasinghead gasGathers100May 11, 2017–
Oasis Transp & Marketing Corp.OilGathers25Feb 1, 2022Jul 1, 2024
Plains Marketing, L.p.OilGathers25Feb 1, 2022Jul 1, 2024
Plains Pipeline L.p.OilGathers50May 1, 2018Jul 1, 2024
Plains Marketing, L.p.OilGathers40May 1, 2018Feb 1, 2022
Ricky Shuler Trucking INCOilGathers10May 1, 2018Feb 1, 2022

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

3,207.10 acres on the newest permit

  • Worth asking

    An allocation well is on this lease

    A well drilled across several tracts shares its production by an allocation formula, so the decimal is not always your acres over the unit acres. Ask the operator for the allocation formula and the tract factor for your land.

  • 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 S31i
API numberWell no.Acreson the permit
42-329-41560109H3,207.10

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

Estimate your royalty

36 months, newest first

Ledger for PRESTON S31I
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 202630230824,08222,84318$80.46$2.89
Jun 202629830021,59220,5920$84.81$3.15
May 202640639124,31723,2910$102.13$2.94
Apr 20261821927,4607,1070$100.32$2.77
Mar 202647647626,88425,74421$91.38$3.04
Feb 202640240425,47724,200275$64.51$3.62
Jan 202640139721,92720,8682$60.04$7.72
Dec 202547947823,27922,2920$57.97$4.26
Nov 202518319215,75115,03961$60.06$3.79
Oct 202561461329,49028,3820$60.89$3.19
Sep 202559158729,08627,96916$63.96$2.97
Aug 202558258228,53227,4470$64.86$2.91
Jul 202555355320,08019,3080$68.39$3.20
Jun 202562062419,48418,7550$68.17$3.02
May 202560360023,13722,29311$62.17$3.12
Apr 202559759721,91621,1140$63.54$3.42
Mar 202554854819,57218,8130$68.24$4.12
Feb 202560260415,17914,6160$71.53$4.19
Jan 202560558816,39515,7370$75.74$4.13
Dec 20241291344,4584,2600$70.12$3.01
Nov 20242762713,8423,6730$69.95$2.12
Oct 20241011013,2413,1050$71.99$2.20
Sep 20241471473,2003,0680$70.24$2.28
Aug 20241331342,9082,7910$76.68$1.99
Jul 20241451453,0132,8860$81.80$2.07
Jun 20241491474,3254,1400$79.77$2.54
May 20241111133,6273,4703$80.02$2.12
Apr 20241411424,2134,0360$85.35$1.60
Mar 20242662716,5746,3020$81.28$1.49
Feb 202456056313,93613,33818$77.25$1.72
Jan 202464064111,84811,3990$74.15$3.18
Dec 202373974418,93118,1840$71.90$2.52
Nov 202392492923,89522,9620$77.69$2.71
Oct 20231,1301,12224,54023,54912$85.64$2.98
Sep 202392492821,12620,3231$89.43$2.64
Aug 20231,1471,14423,48522,61012$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

Pioneer Natural Res. USA, Inc. in Midland County

All Pioneer Natural Res. USA, Inc. leases →

Spraberry (Trend Area) R 40 Exc field

All leases in this field →

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Drilling permits within 10 km