PRESTON W17D
PRESTON W17D 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 August 2021 to August 2026, totalling 230,699 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 $4.1M, with roughly $1.1M 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 1,072 barrels a month. Its strongest month on the record we hold was October 2021, at 21,283 barrels. In our own backtest, leases producing at this rate are forecast to within about 17% 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 W17D
- Who operates PRESTON W17D?
- PRESTON W17D is operated by Pioneer Natural Res. USA, Inc., Railroad Commission of Texas operator number 665748.
- Where is PRESTON W17D?
- PRESTON W17D is a Texas oil lease in Midland County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 56214.
- Is PRESTON W17D still producing?
- PRESTON W17D is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PRESTON W17D is August 2026.
- How much has PRESTON W17D produced?
- PRESTON W17D has reported 230,699 barrels of oil (bbl) to the Railroad Commission of Texas between August 2021 and August 2026, from 1 wellbore.
- How much is PRESTON W17D worth?
- The remaining production from PRESTON W17D is estimated to be worth about $4.1M in total as of 27 August 2026, within a range of $3.4M to $4.8M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PRESTON W17D is a fraction of it. The estimate fits an Arps decline curve to the production PRESTON W17D has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PRESTON W17D is an estimate of value, not an offer and not an appraisal.
- How much income does PRESTON W17D generate in a year?
- PRESTON W17D is forecast to net about $1.1M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in PRESTON W17D 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) |
| County | Midland County, Texas |
| RRC district | 08 |
| Lease number | 56214 |
| Wellbores | 1 |
| Reported production | 230,699 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $4.1M |
Where PRESTON W17D 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.