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Texas oil lease

Producing

PRESTON S31M

Preston S31m is an oil lease in Midland County, Texas, operated by Pioneer Natural Res. USA, Inc. in the Spraberry (Trend Area) field.

1 well

25,712bbl oil, last 12 months−30% vs prior year
RRC lease
08-56076

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Where it sits

This county

Midland CountyMidlandMartinAndrewsGlasscockHowardEctorMidland County
Midland County
Gas, last 12 months
192,230 mcf
Oil in Jul 2026
982 bbl

Production by month

Oil output fell 30% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 30% over the last 12 monthsMonthly oil production and gas for PRESTON S31M, Aug 2023 to Jul 2026. Oil output fell 30% over the last 12 months. 25,712 bbl in the 12 months through Jul 2026, against 36,938 bbl in the 12 months before.Last 12 months: 25,712 bblbbl per monthmcf per month002,00010k4,00020k6,00030k8,00040kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 30% over the last 12 monthsMonthly oil production and gas for PRESTON S31M, Aug 2023 to Jul 2026. Oil output fell 30% over the last 12 months. 25,712 bbl in the 12 months through Jul 2026, against 36,938 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002,00010k4,00020k6,00030k8,00040kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

Over 99% of the gas went to a processing plant in the last 12 months

  • Processing plant (3)
  • Lease fuel (1)
  • Flared (4)
Over 99% of the gas went to a processing plant in the last 12 monthsShare of PRESTON S31M gas by disposition code each month, Aug 2023 to Jul 2026. Over 99% 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
Over 99% of the gas went to a processing plant in the last 12 monthsShare of PRESTON S31M gas by disposition code each month, Aug 2023 to Jul 2026. Over 99% 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)

    100% · 191,561 mcf

  • Lease fuel (1)

    0.2% · 418 mcf

  • Flared (4)

    0.1% · 251 mcf

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

1 well on this lease

Wells on PRESTON S31M
API numberWell no.Status
42-329-44469113HActive

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 gasBuys100Apr 5, 2021–
Targa Pl Mid-Cont Westtex LLCCasinghead gasGathers100Apr 5, 2021–
Oasis Transp & Marketing Corp.OilGathers25Feb 1, 2022Jul 1, 2024
Plains Pipeline L.p.OilGathers75Feb 1, 2022Jul 1, 2024
Pilot Travel Centers LLCOilGathers10Apr 5, 2021Feb 1, 2022
Plains Pipeline L.p.OilGathers90Apr 5, 2021Feb 1, 2022

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

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 S31m
API numberWell no.Acreson the permit
42-329-44469113H80

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

Estimate your royalty

36 months, newest first

Ledger for PRESTON S31M
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20269821,0556,4596,4385$80.46$2.89
Jun 20261,8641,85912,06012,0320$84.81$3.15
May 20262,1282,10313,42513,3980$102.13$2.94
Apr 20262,4102,42015,57415,5370$100.32$2.77
Mar 20262,8122,80818,70418,65215$91.38$3.04
Feb 20262,2582,22614,43614,248159$64.51$3.62
Jan 20261,2971,3168,3908,3681$60.04$7.72
Dec 20252,7802,81321,68521,6400$57.97$4.26
Nov 20251,5431,53615,09514,99259$60.06$3.79
Oct 20252,9092,89221,65421,6120$60.89$3.19
Sep 20252,4902,46821,62921,57312$63.96$2.97
Aug 20252,2392,24523,11923,0710$64.86$2.91
Jul 20252,3252,32531,53031,4680$68.39$3.20
Jun 20252,6142,63925,14725,0990$68.17$3.02
May 20252,7912,79324,83824,78012$62.17$3.12
Apr 20253,3283,32821,87321,8320$63.54$3.42
Mar 20253,0083,00419,85019,8120$68.24$4.12
Feb 20253,1463,14021,61121,5690$71.53$4.19
Jan 20252,6462,62834,37234,3010$75.74$4.13
Dec 20242,8782,88222,09822,0480$70.12$3.01
Nov 20242,5012,53016,39516,3590$69.95$2.12
Oct 20243,6043,60221,16921,1270$71.99$2.20
Sep 20244,3514,34222,53222,4890$70.24$2.28
Aug 20243,7463,78723,73923,6892$76.68$1.99
Jul 20245,0865,06328,82628,7674$81.80$2.07
Jun 20244,5554,54226,61226,5581$79.77$2.54
May 20244,7724,81333,26231,55829$80.02$2.12
Apr 20245,3595,33238,04131,7480$85.35$1.60
Mar 20246,5766,57437,14331,6940$81.28$1.49
Feb 20246,0876,12731,72123,08130$77.25$1.72
Jan 20247,5917,47525,97320,7241$74.15$3.18
Dec 20231,6911,6898,2417,5900$71.90$2.52
Nov 20231,5711,61534,41725,6870$77.69$2.71
Oct 20233,4983,49428,00126,93213$85.64$2.98
Sep 20234,1784,18230,62229,9901$89.43$2.64
Aug 20234,4474,43530,22329,92516$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

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Spraberry (Trend Area) field

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