PRESTON S31J
PRESTON S31J 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 2017 to August 2026, totalling 273,969 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 $3.5M, with roughly $715K 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 800 barrels a month. Its strongest month on the record we hold was March 2019, at 15,579 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 S31J
- Who operates PRESTON S31J?
- PRESTON S31J is operated by Pioneer Natural Res. USA, Inc., Railroad Commission of Texas operator number 665748.
- Where is PRESTON S31J?
- PRESTON S31J is a Texas oil lease in Midland County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 49125.
- Is PRESTON S31J still producing?
- PRESTON S31J is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PRESTON S31J is August 2026.
- How much has PRESTON S31J produced?
- PRESTON S31J has reported 273,969 barrels of oil (bbl) to the Railroad Commission of Texas between May 2017 and August 2026, from 1 wellbore.
- How much is PRESTON S31J worth?
- The remaining production from PRESTON S31J is estimated to be worth about $3.5M in total as of 27 August 2026, within a range of $2.8M to $4.3M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PRESTON S31J is a fraction of it. The estimate fits an Arps decline curve to the production PRESTON S31J has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PRESTON S31J is an estimate of value, not an offer and not an appraisal.
- How much income does PRESTON S31J generate in a year?
- PRESTON S31J is forecast to net about $715K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in PRESTON S31J 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 | 49125 |
| Wellbores | 1 |
| Reported production | 273,969 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $3.5M |
Where PRESTON S31J 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.