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Texas oil lease

Producing

PRESTON S31J

Preston S31j 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

9,995bbl oil, last 12 months+4% vs prior year
RRC lease
08-49125

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Where it sits

This county

Midland CountyMidlandMartinAndrewsGlasscockHowardEctorMidland County
Midland County
Gas, last 12 months
78,954 mcf
Oil in Jul 2026
998 bbl

Production by month

Oil output rose 4% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output rose 4% over the last 12 monthsMonthly oil production and gas for PRESTON S31J, Aug 2023 to Jul 2026. Oil output rose 4% over the last 12 months. 9,995 bbl in the 12 months through Jul 2026, against 9,593 bbl in the 12 months before.Last 12 months: 9,995 bblbbl per monthmcf per month005005,0001,00010k1,50015k2,00020kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output rose 4% over the last 12 monthsMonthly oil production and gas for PRESTON S31J, Aug 2023 to Jul 2026. Oil output rose 4% over the last 12 months. 9,995 bbl in the 12 months through Jul 2026, against 9,593 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month005005,0001,00010k1,50015k2,00020kJan 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 S31J 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 S31J 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% · 75,496 mcf

  • Lease fuel (1)

    4.2% · 3,341 mcf

  • Flared (4)

    0.1% · 117 mcf

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

1 well on this lease

Wells on PRESTON S31J
API numberWell no.Status
42-329-41561110HActive

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–
Ricky Shuler Trucking INCOilGathers33Jul 1, 2024–
Targa Pl Mid-Cont Westtex LLCCasinghead gasBuys100May 12, 2017–
Targa Pl Mid-Cont Westtex LLCCasinghead gasGathers100May 12, 2017–
Oasis Transp & Marketing Corp.OilGathers25Feb 1, 2022Jul 1, 2024
Plains Marketing, L.p.OilGathers50Feb 1, 2022Jul 1, 2024
Ricky Shuler Trucking INCOilGathers25Feb 1, 2022Jul 1, 2024
Plains Marketing, L.p.OilGathers80May 12, 2017Feb 1, 2022
Ricky Shuler Trucking INCOilGathers20May 12, 2017Feb 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 S31j
API numberWell no.Acreson the permit
42-329-41561110H3,207.10

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

Estimate your royalty

36 months, newest first

Ledger for PRESTON S31J
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20269981,0137,8227,4276$80.46$2.89
Jun 20269219067,3367,0030$84.81$3.15
May 20268298197,4617,1510$102.13$2.94
Apr 20269319298,6988,2960$100.32$2.77
Mar 20269129217,8777,5496$91.38$3.04
Feb 20269759827,9297,53884$64.51$3.62
Jan 20261,0311,0146,9076,5871$60.04$7.72
Dec 20251,0501,0697,6467,3400$57.97$4.26
Nov 20256726535,0984,87619$60.06$3.79
Oct 20258218044,8474,6700$60.89$3.19
Sep 20253623642,6622,5621$63.96$2.97
Aug 20254934984,6714,4970$64.86$2.91
Jul 20256416458,0907,7820$68.39$3.20
Jun 20258708758,3768,0660$68.17$3.02
May 20258458398,0227,7334$62.17$3.12
Apr 20257677626,1635,9410$63.54$3.42
Mar 20257747826,9136,6490$68.24$4.12
Feb 20258488575,9975,7780$71.53$4.19
Jan 20251,0591,0398,6838,3410$75.74$4.13
Dec 20246075982,9182,7920$70.12$3.01
Nov 20242102431,2831,2280$69.95$2.12
Oct 20241,3621,34313,50812,9500$71.99$2.20
Sep 202486085912,30311,7950$70.24$2.28
Aug 202475075712,21811,7280$76.68$1.99
Jul 202498998212,66212,1302$81.80$2.07
Jun 20247787768,8888,5110$79.77$2.54
May 202485586110,0289,5969$80.02$2.12
Apr 202490790212,29811,7850$85.35$1.60
Mar 20241,0391,03613,12812,5910$81.28$1.49
Feb 202485785911,08610,61315$77.25$1.72
Jan 202486386312,62712,1500$74.15$3.18
Dec 202388488112,43811,9510$71.90$2.52
Nov 202367168013,05612,5480$77.69$2.71
Oct 20231,0611,05615,65315,0247$85.64$2.98
Sep 20231,0601,06215,35714,7760$89.43$2.64
Aug 20231,1551,15016,15615,5568$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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