PRESTON N31I
PRESTON N31I 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 2018 to August 2026, totalling 238,582 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 $2.7M, with roughly $384K 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 187 barrels a month. Its strongest month on the record we hold was June 2018, at 26,882 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 N31I
- Who operates PRESTON N31I?
- PRESTON N31I is operated by Pioneer Natural Res. USA, Inc., Railroad Commission of Texas operator number 665748.
- Where is PRESTON N31I?
- PRESTON N31I is a Texas oil lease in Midland County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 50539.
- Is PRESTON N31I still producing?
- PRESTON N31I is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PRESTON N31I is August 2026.
- How much has PRESTON N31I produced?
- PRESTON N31I has reported 238,582 barrels of oil (bbl) to the Railroad Commission of Texas between May 2018 and August 2026, from 1 wellbore.
- How much is PRESTON N31I worth?
- The remaining production from PRESTON N31I is estimated to be worth about $2.7M in total as of 27 August 2026, within a range of $2.1M to $3.3M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PRESTON N31I is a fraction of it. The estimate fits an Arps decline curve to the production PRESTON N31I has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PRESTON N31I is an estimate of value, not an offer and not an appraisal.
- How much income does PRESTON N31I generate in a year?
- PRESTON N31I is forecast to net about $384K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in PRESTON N31I 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 | 50539 |
| Wellbores | 1 |
| Reported production | 238,582 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $2.7M |
Where PRESTON N31I 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.