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Texas oil lease

Producing

PRESTON W17B

Preston W17b 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

37,285bbl oil, last 12 months−19% vs prior year
Operator
Pioneer Natural Res. USA, Inc.
County
Midland County
Field
Spraberry (Trend Area) R 40 Exc
RRC lease
08-56093

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Where it sits

This county

Midland CountyMidlandMartinAndrewsGlasscockHowardEctorMidland County
Midland County
Gas, last 12 months
304,007 mcf
Oil in Jul 2026
2,784 bbl

Production by month

Oil output fell 19% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 19% over the last 12 monthsMonthly oil production and gas for PRESTON W17B, Aug 2023 to Jul 2026. Oil output fell 19% over the last 12 months. 37,285 bbl in the 12 months through Jul 2026, against 45,888 bbl in the 12 months before.Last 12 months: 37,285 bblbbl per monthmcf per month002,00020k4,00040k6,00060k8,00080kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 19% over the last 12 monthsMonthly oil production and gas for PRESTON W17B, Aug 2023 to Jul 2026. Oil output fell 19% over the last 12 months. 37,285 bbl in the 12 months through Jul 2026, against 45,888 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002,00020k4,00040k6,00060k8,00080kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

97% of the gas went to a processing plant in the last 12 months

  • Processing plant (3)
  • Lease fuel (1)
  • Flared (4)
97% of the gas went to a processing plant in the last 12 monthsShare of PRESTON W17B gas by disposition code each month, Aug 2023 to Jul 2026. 97% 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
97% of the gas went to a processing plant in the last 12 monthsShare of PRESTON W17B gas by disposition code each month, Aug 2023 to Jul 2026. 97% 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)

    97% · 295,515 mcf

  • Lease fuel (1)

    2.7% · 8,336 mcf

  • Flared (4)

    0.1% · 156 mcf

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

1 well on this lease

Wells on PRESTON W17B
API numberWell no.Status
42-329-439242HActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%From
Plains Pipeline L.p.OilGathers90Apr 3, 2021
Sentinel Transportation, LLCOilGathers10Apr 3, 2021
Targa Pl Mid-Cont Westtex LLCCasinghead gasBuys100Apr 3, 2021
Targa Pl Mid-Cont Westtex LLCCasinghead gasGathers100Apr 3, 2021

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

Who buys my oilOil price check

1,442.10 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 W17b
API numberWell no.Acreson the permit
42-329-439242H1,442.10

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

Unit decimal checker

Estimate your royalty

36 months, newest first

Ledger for PRESTON W17B
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20262,7842,78428,80128,00523$80.46$2.89
Jun 20262,8902,89127,90927,1701$84.81$3.15
May 20263,2743,27531,09330,2670$102.13$2.94
Apr 20262,8572,85527,82127,0871$100.32$2.77
Mar 20263,3573,36033,04032,2010$91.38$3.04
Feb 20263,7173,71330,23629,45731$64.51$3.62
Jan 20262,6122,61219,34918,83064$60.04$7.72
Dec 20253,4313,43123,66623,1160$57.97$4.26
Nov 20253,4653,46922,12321,3580$60.06$3.79
Oct 20253,8043,80425,11924,22027$60.89$3.19
Sep 20252,1692,17511,86511,4388$63.96$2.97
Aug 20252,9252,91722,98522,3661$64.86$2.91
Jul 20253,3363,33433,03232,1520$68.39$3.20
Jun 20253,6093,60935,41534,4874$68.17$3.02
May 20253,7223,72333,49932,65115$62.17$3.12
Apr 20253,7793,77630,75229,92629$63.54$3.42
Mar 20253,6613,66427,41826,6281$68.24$4.12
Feb 20253,9433,94527,20126,2792$71.53$4.19
Jan 20254,4364,44232,40631,4031$75.74$4.13
Dec 20244,2144,21028,68427,78926$70.12$3.01
Nov 20243,7553,75330,44829,5576$69.95$2.12
Oct 20243,7853,78725,97225,1861$71.99$2.20
Sep 20243,5783,58028,24927,28217$70.24$2.28
Aug 20244,0704,07229,86028,847104$76.68$1.99
Jul 20244,6764,68149,86748,6255$81.80$2.07
Jun 20244,3854,38435,73234,8193$79.77$2.54
May 20244,6644,65841,82840,6205$80.02$2.12
Apr 20245,1435,14439,00837,89734$85.35$1.60
Mar 20245,6875,69166,97064,94724$81.28$1.49
Feb 20245,2595,25954,98353,3343$77.25$1.72
Jan 20246,0246,01649,76648,34426$74.15$3.18
Dec 20235,4065,40742,01540,7471$71.90$2.52
Nov 20236,1496,15736,75435,65461$77.69$2.71
Oct 20236,2776,27535,97434,883146$85.64$2.98
Sep 20236,2106,21130,61629,80811$89.43$2.64
Aug 20237,0677,05835,51034,69317$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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