PRESTON 5
PRESTON 5 is a Texas oil lease in Midland County, Railroad Commission district 08, operated by Pioneer Natural Res. Usa, Inc. It has 29 wellbores on file with the Commission. Reported production runs from November 2015 to August 2026, totalling 6,932,805 barrels. The lease is currently producing. Fitting a decline curve to that history and pricing the remaining production at today's forward curve values a standard royalty share at about $422K, with roughly $169K expected over the next twelve months.
| Operator | Pioneer Natural Res. Usa, Inc. |
|---|---|
| Field | Spraberry (Trend Area) R 40 Exc |
| County | Midland County, Texas |
| RRC district | 08 |
| Lease number | 47241 |
| Wellbores | 29 |
| Reported production | 6,932,805 bbl |
| First reported | November 2015 |
| Last reported | August 2026 |
| Estimated royalty value | $422K |
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.