PRESTON S31G
PRESTON S31G 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 282,472 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 $2.1M, with roughly $528K 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 477 barrels a month. Its strongest month on the record we hold was June 2018, at 26,993 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 S31G
- Who operates PRESTON S31G?
- PRESTON S31G is operated by Pioneer Natural Res. USA, Inc., Railroad Commission of Texas operator number 665748.
- Where is PRESTON S31G?
- PRESTON S31G is a Texas oil lease in Midland County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 49126.
- Is PRESTON S31G still producing?
- PRESTON S31G is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PRESTON S31G is August 2026.
- How much has PRESTON S31G produced?
- PRESTON S31G has reported 282,472 barrels of oil (bbl) to the Railroad Commission of Texas between May 2017 and August 2026, from 1 wellbore.
- How much is PRESTON S31G worth?
- The remaining production from PRESTON S31G is estimated to be worth about $2.1M in total as of 26 August 2026, within a range of $1.7M to $2.6M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PRESTON S31G is a fraction of it. The estimate fits an Arps decline curve to the production PRESTON S31G has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PRESTON S31G is an estimate of value, not an offer and not an appraisal.
- How much income does PRESTON S31G generate in a year?
- PRESTON S31G is forecast to net about $528K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in PRESTON S31G 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 | 49126 |
| Wellbores | 1 |
| Reported production | 282,472 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $2.1M |
Where PRESTON S31G 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.