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Texas oil lease

Producing

PRESTON S31L

Preston S31l 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

10,935bbl oil, last 12 months−31% vs prior year
Operator
Pioneer Natural Res. USA, Inc.
County
Midland County
Field
Spraberry (Trend Area) R 40 Exc
RRC lease
08-49232

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Where it sits

This county

Midland CountyMidlandMartinAndrewsGlasscockHowardEctorMidland County
Midland County
Gas, last 12 months
151,743 mcf
Oil in Jul 2026
808 bbl

Production by month

Oil output fell 31% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 31% over the last 12 monthsMonthly oil production and gas for PRESTON S31L, Aug 2023 to Jul 2026. Oil output fell 31% over the last 12 months. 10,935 bbl in the 12 months through Jul 2026, against 15,941 bbl in the 12 months before.Last 12 months: 10,935 bblbbl per monthmcf per month005005,0001,00010k1,50015k2,00020k2,50025kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 31% over the last 12 monthsMonthly oil production and gas for PRESTON S31L, Aug 2023 to Jul 2026. Oil output fell 31% over the last 12 months. 10,935 bbl in the 12 months through Jul 2026, against 15,941 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month005005,0001,00010k1,50015k2,00020k2,50025kJan 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 S31L 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 S31L 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% · 145,051 mcf

  • Lease fuel (1)

    4.3% · 6,466 mcf

  • Flared (4)

    0.1% · 226 mcf

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

1 well on this lease

Wells on PRESTON S31L
API numberWell no.Status
42-329-41563112HActive

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 15, 2017–
Targa Pl Mid-Cont Westtex LLCCasinghead gasGathers100May 15, 2017–
Oasis Transp & Marketing Corp.OilGathers20Feb 1, 2022Jul 1, 2024
Plains Marketing, L.p.OilGathers60Feb 1, 2022Jul 1, 2024
Ricky Shuler Trucking INCOilGathers20May 15, 2017Jul 1, 2024
Plains Marketing, L.p.OilGathers80May 15, 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

An allocation well is on this lease

Permits for Preston S31l
API numberWell no.Acreson the permit
42-329-41563112H3,207.10

SourceRailroad Commission drilling permits, Sep 26, 2026 (source 1, source 2).

Unit decimal checker

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36 months, newest first

Ledger for PRESTON S31L
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 202680883113,78313,08010$80.46$2.89
Jun 202692692313,62813,0030$84.81$3.15
May 20261,0441,02415,20014,5640$102.13$2.94
Apr 20261,0021,00815,18614,4760$100.32$2.77
Mar 20261,2071,20016,64215,94313$91.38$3.04
Feb 202684285014,64313,914157$64.51$3.62
Jan 202691991412,44611,8561$60.04$7.72
Dec 20251,2971,30813,88913,3210$57.97$4.26
Nov 202566566110,3999,93740$60.06$3.79
Oct 20251,2321,21414,03213,5120$60.89$3.19
Sep 20257437249,6889,3205$63.96$2.97
Aug 20252502712,2072,1250$64.86$2.91
Jul 202591992710,72010,3120$68.39$3.20
Jun 20251,2991,31015,30314,7350$68.17$3.02
May 20251,3411,33717,05216,4358$62.17$3.12
Apr 20251,4361,43416,19215,6050$63.54$3.42
Mar 20251,3531,35215,79915,1930$68.24$4.12
Feb 20251,3141,32012,78812,3190$71.53$4.19
Jan 20251,3831,37613,78313,2370$75.74$4.13
Dec 20241,5731,57416,82416,0850$70.12$3.01
Nov 20241,3231,32013,62713,0300$69.95$2.12
Oct 20241,2881,28414,22313,6340$71.99$2.20
Sep 20241,4171,41615,95815,3010$70.24$2.28
Aug 20241,2951,30715,61514,9901$76.68$1.99
Jul 20241,6731,66915,58514,9342$81.80$2.07
Jun 20241,6181,61213,97513,3831$79.77$2.54
May 20241,6421,64914,03513,43212$80.02$2.12
Apr 20241,5961,58613,75713,1870$85.35$1.60
Mar 20241,8611,86215,56514,9360$81.28$1.49
Feb 20241,8021,80012,95312,40917$77.25$1.72
Jan 20241,5301,53311,22110,8030$74.15$3.18
Dec 20231,6911,67713,52913,0060$71.90$2.52
Nov 202394095511,27510,8390$77.69$2.71
Oct 20231,5961,59210,92310,4895$85.64$2.98
Sep 20231,7701,77511,04210,6290$89.43$2.64
Aug 20232,0592,04611,71511,2866$81.39$2.58

SourceTexas Railroad Commission Production Data Query, through Jul 2026. Prices: EIA, through Aug 2026. Updated Sep 28, 2026.

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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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