PRESTON 36L
PRESTON 36L 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 286,977 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 $1.3M, with roughly $372K 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 414 barrels a month. Its strongest month on the record we hold was July 2017, at 14,163 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 36L
- Who operates PRESTON 36L?
- PRESTON 36L is operated by Pioneer Natural Res. USA, Inc., Railroad Commission of Texas operator number 665748.
- Where is PRESTON 36L?
- PRESTON 36L is a Texas oil lease in Midland County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 49001.
- Is PRESTON 36L still producing?
- PRESTON 36L is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PRESTON 36L is August 2026.
- How much has PRESTON 36L produced?
- PRESTON 36L has reported 286,977 barrels of oil (bbl) to the Railroad Commission of Texas between June 2017 and August 2026, from 1 wellbore.
- How much is PRESTON 36L worth?
- The remaining production from PRESTON 36L is estimated to be worth about $1.3M in total as of 27 August 2026, within a range of $1.0M to $1.6M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PRESTON 36L is a fraction of it. The estimate fits an Arps decline curve to the production PRESTON 36L has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PRESTON 36L is an estimate of value, not an offer and not an appraisal.
- How much income does PRESTON 36L generate in a year?
- PRESTON 36L is forecast to net about $372K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in PRESTON 36L 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 | 49001 |
| Wellbores | 1 |
| Reported production | 286,977 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.3M |
Where PRESTON 36L 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.