PRESTON, MARTHA JANE
PRESTON, MARTHA JANE is a Texas oil lease in Midland County, Railroad Commission district 08, operated by Rainbow Petroleum Management,Inc. It has 2 wellbores on file with the Commission. Reported production runs from April 1997 to August 2026, totalling 71,480 barrels. The lease is currently producing. Fitting a decline curve to that history and pricing the remaining production at today's forward curve values the whole lease — a 100% undivided interest — at about $1.5M, with roughly $356K expected over the next twelve months. An individual royalty owner receives their own decimal interest times that figure. Over the last twelve months on file it averaged 520 barrels a month, about 260 per wellbore. Its strongest month on the record we hold was February 2025, at 1,189 barrels. In our own backtest, leases producing at this rate are forecast to within about 22% of what they went on to produce, and that measured error is the range shown on the page rather than a confidence of our own devising.
Key facts about PRESTON, MARTHA JANE
- Who operates PRESTON, MARTHA JANE?
- PRESTON, MARTHA JANE is operated by Rainbow Petroleum Management,Inc, Railroad Commission of Texas operator number 688673.
- Where is PRESTON, MARTHA JANE?
- PRESTON, MARTHA JANE is a Texas oil lease in Midland County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 35356.
- Is PRESTON, MARTHA JANE still producing?
- PRESTON, MARTHA JANE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PRESTON, MARTHA JANE is August 2026.
- How much has PRESTON, MARTHA JANE produced?
- PRESTON, MARTHA JANE has reported 71,480 barrels of oil (bbl) to the Railroad Commission of Texas between April 1997 and August 2026, from 2 wellbores.
- How much is PRESTON, MARTHA JANE worth?
- The remaining production from PRESTON, MARTHA JANE is estimated to be worth about $1.5M in total as of 27 August 2026, within a range of $1.1M to $1.8M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PRESTON, MARTHA JANE is a fraction of it. The estimate fits an Arps decline curve to the production PRESTON, MARTHA JANE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PRESTON, MARTHA JANE is an estimate of value, not an offer and not an appraisal.
- How much income does PRESTON, MARTHA JANE generate in a year?
- PRESTON, MARTHA JANE is forecast to net about $356K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in PRESTON, MARTHA JANE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Rainbow Petroleum Management,Inc |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Midland County, Texas |
| RRC district | 08 |
| Lease number | 35356 |
| Wellbores | 2 |
| Reported production | 71,480 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.5M |
Where PRESTON, MARTHA JANE sits
Source: Railroad Commission of Texas lease production records, complete through . Figures on this page were computed on .
Production figures are as reported to the Railroad Commission of Texas. The value shown is an estimate produced by fitting a decline curve to that reported history; it is not an offer or an appraisal. How this estimate is calculated.