PRESTON W17E
PRESTON W17E 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 241,794 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 $4.4M, with roughly $987K 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 1,058 barrels a month. Its strongest month on the record we hold was September 2021, at 24,622 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 W17E
- Who operates PRESTON W17E?
- PRESTON W17E is operated by Pioneer Natural Res. USA, Inc., Railroad Commission of Texas operator number 665748.
- Where is PRESTON W17E?
- PRESTON W17E is a Texas oil lease in Midland County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 56215.
- Is PRESTON W17E still producing?
- PRESTON W17E is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PRESTON W17E is August 2026.
- How much has PRESTON W17E produced?
- PRESTON W17E has reported 241,794 barrels of oil (bbl) to the Railroad Commission of Texas between August 2021 and August 2026, from 1 wellbore.
- How much is PRESTON W17E worth?
- The remaining production from PRESTON W17E is estimated to be worth about $4.4M in total as of 27 August 2026, within a range of $3.6M to $5.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PRESTON W17E is a fraction of it. The estimate fits an Arps decline curve to the production PRESTON W17E has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PRESTON W17E is an estimate of value, not an offer and not an appraisal.
- How much income does PRESTON W17E generate in a year?
- PRESTON W17E is forecast to net about $987K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in PRESTON W17E 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 | 56215 |
| Wellbores | 1 |
| Reported production | 241,794 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $4.4M |
Where PRESTON W17E 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.