PRESTON W13B
PRESTON W13B 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 October 2018 to August 2026, totalling 288,880 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 $644K 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 572 barrels a month. Its strongest month on the record we hold was November 2018, at 41,864 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 W13B
- Who operates PRESTON W13B?
- PRESTON W13B is operated by Pioneer Natural Res. USA, Inc., Railroad Commission of Texas operator number 665748.
- Where is PRESTON W13B?
- PRESTON W13B is a Texas oil lease in Midland County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 51401.
- Is PRESTON W13B still producing?
- PRESTON W13B is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PRESTON W13B is August 2026.
- How much has PRESTON W13B produced?
- PRESTON W13B has reported 288,880 barrels of oil (bbl) to the Railroad Commission of Texas between October 2018 and August 2026, from 1 wellbore.
- How much is PRESTON W13B worth?
- The remaining production from PRESTON W13B is estimated to be worth about $2.7M in total as of 26 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 W13B is a fraction of it. The estimate fits an Arps decline curve to the production PRESTON W13B has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PRESTON W13B is an estimate of value, not an offer and not an appraisal.
- How much income does PRESTON W13B generate in a year?
- PRESTON W13B is forecast to net about $644K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in PRESTON W13B 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 | 51401 |
| Wellbores | 1 |
| Reported production | 288,880 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $2.7M |
Where PRESTON W13B 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.