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Texas oil lease

Producing

PRESTON S31K

Preston S31k 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

8,785bbl oil, last 12 months+1% vs prior year
Operator
Pioneer Natural Res. USA, Inc.
County
Midland County
Field
Spraberry (Trend Area) R 40 Exc
RRC lease
08-49127

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Where it sits

This county

Midland CountyMidlandMartinAndrewsGlasscockHowardEctorMidland County
Midland County
Gas, last 12 months
117,448 mcf
Oil in Jul 2026
588 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 S31K, Aug 2023 to Jul 2026. Oil output held steady over the last 12 months. 8,785 bbl in the 12 months through Jul 2026, against 8,731 bbl in the 12 months before.Last 12 months: 8,785 bblbbl per monthmcf per month005005,0001,00010k1,50015k2,00020kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output held steady over the last 12 monthsMonthly oil production and gas for PRESTON S31K, Aug 2023 to Jul 2026. Oil output held steady over the last 12 months. 8,785 bbl in the 12 months through Jul 2026, against 8,731 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 S31K 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 S31K 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% · 112,416 mcf

  • Lease fuel (1)

    4.2% · 4,893 mcf

  • Flared (4)

    0.1% · 139 mcf

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

1 well on this lease

Wells on PRESTON S31K
API numberWell no.Status
42-329-41562111HActive

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 13, 2017–
Targa Pl Mid-Cont Westtex LLCCasinghead gasGathers100May 13, 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 13, 2017Feb 1, 2022
Ricky Shuler Trucking INCOilGathers20May 13, 2017Feb 1, 2022

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

Who buys my oilOil price check

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 S31k
API numberWell no.Acreson the permit
42-329-41562111H3,207.10

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

Unit decimal checker

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36 months, newest first

Ledger for PRESTON S31K
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20265886058,9238,4687$80.46$2.89
Jun 20266806768,9058,4970$84.81$3.15
May 202673672310,3949,9590$102.13$2.94
Apr 20267017008,9068,4910$100.32$2.77
Mar 202671271310,0919,6678$91.38$3.04
Feb 20266176228,2647,85389$64.51$3.62
Jan 20266606566,8706,5461$60.04$7.72
Dec 202593994011,16210,7030$57.97$4.26
Nov 20253713787,3166,99028$60.06$3.79
Oct 202593793813,75713,2450$60.89$3.19
Sep 20251,00299212,04711,5906$63.96$2.97
Aug 202584285210,81310,4070$64.86$2.91
Jul 20251,1321,11611,26110,8340$68.39$3.20
Jun 20257057115,6915,4810$68.17$3.02
May 20257107069,0508,7234$62.17$3.12
Apr 20257297299,1478,8150$63.54$3.42
Mar 202584085210,3359,9380$68.24$4.12
Feb 20251,0891,08710,1379,7650$71.53$4.19
Jan 20259389278,5548,2160$75.74$4.13
Dec 20248128127,6497,3140$70.12$3.01
Nov 20246666575,2375,0090$69.95$2.12
Oct 20244003982,1932,1040$71.99$2.20
Sep 20243643643,0292,9050$70.24$2.28
Aug 20243463503,0422,9210$76.68$1.99
Jul 20244954973,3793,2381$81.80$2.07
Jun 20246216204,3854,2000$79.77$2.54
May 20246676768,8508,4688$80.02$2.12
Apr 20248858747,8227,4980$85.35$1.60
Mar 20247177176,4136,1530$81.28$1.49
Feb 20246706875,4005,1727$77.25$1.72
Jan 20241,4521,43713,86213,3420$74.15$3.18
Dec 202370169311,39710,9500$71.90$2.52
Nov 202329930010,57710,1630$77.69$2.71
Oct 20233263259,6289,2385$85.64$2.98
Sep 20233353348,7278,3950$89.43$2.64
Aug 20232732729,1248,7835$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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