PRESTON 18E
PRESTON 18E 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 June 2017 to August 2026, totalling 310,000 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 $1.1M, with roughly $158K 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 201 barrels a month. Its strongest month on the record we hold was July 2017, at 31,539 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 18E
- Who operates PRESTON 18E?
- PRESTON 18E is operated by Pioneer Natural Res. USA, Inc., Railroad Commission of Texas operator number 665748.
- Where is PRESTON 18E?
- PRESTON 18E is a Texas oil lease in Midland County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 48922.
- Is PRESTON 18E still producing?
- PRESTON 18E is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PRESTON 18E is August 2026.
- How much has PRESTON 18E produced?
- PRESTON 18E has reported 310,000 barrels of oil (bbl) to the Railroad Commission of Texas between June 2017 and August 2026, from 1 wellbore.
- How much is PRESTON 18E worth?
- The remaining production from PRESTON 18E is estimated to be worth about $1.1M in total as of 26 August 2026, within a range of $846K to $1.3M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PRESTON 18E is a fraction of it. The estimate fits an Arps decline curve to the production PRESTON 18E has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PRESTON 18E is an estimate of value, not an offer and not an appraisal.
- How much income does PRESTON 18E generate in a year?
- PRESTON 18E is forecast to net about $158K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in PRESTON 18E 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 | 48922 |
| Wellbores | 1 |
| Reported production | 310,000 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.1M |
Where PRESTON 18E 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.