PRESTON 36M
PRESTON 36M is a Texas oil lease in Midland County, Railroad Commission district 08, operated by Pioneer Natural Res. USA, Inc. It has 1 wellbore on file with the Commission. Reported production runs from May 2016 to August 2026, totalling 277,361 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 $1.7M, with roughly $247K 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 152 barrels a month. Its strongest month on the record we hold was June 2016, at 21,545 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 36M
- Who operates PRESTON 36M?
- PRESTON 36M is operated by Pioneer Natural Res. USA, Inc., Railroad Commission of Texas operator number 665748.
- Where is PRESTON 36M?
- PRESTON 36M is a Texas oil lease in Midland County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 47887.
- Is PRESTON 36M still producing?
- PRESTON 36M is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PRESTON 36M is August 2026.
- How much has PRESTON 36M produced?
- PRESTON 36M has reported 277,361 barrels of oil (bbl) to the Railroad Commission of Texas between May 2016 and August 2026, from 1 wellbore.
- How much is PRESTON 36M worth?
- The remaining production from PRESTON 36M is estimated to be worth about $1.7M in total as of 27 August 2026, within a range of $1.3M to $2.0M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PRESTON 36M is a fraction of it. The estimate fits an Arps decline curve to the production PRESTON 36M has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PRESTON 36M is an estimate of value, not an offer and not an appraisal.
- How much income does PRESTON 36M generate in a year?
- PRESTON 36M is forecast to net about $247K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in PRESTON 36M receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Pioneer Natural Res. USA, Inc. |
|---|---|
| Field | Spraberry (Trend Area) R 40 Exc |
| County | Midland County, Texas |
| RRC district | 08 |
| Lease number | 47887 |
| Wellbores | 1 |
| Reported production | 277,361 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.7M |
Where PRESTON 36M 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.