PRESTON 18C
PRESTON 18C 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 December 2016 to August 2026, totalling 347,861 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 $1.1M, with roughly $477K 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 497 barrels a month. Its strongest month on the record we hold was July 2017, at 33,370 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 18C
- Who operates PRESTON 18C?
- PRESTON 18C is operated by Pioneer Natural Res. USA, Inc., Railroad Commission of Texas operator number 665748.
- Where is PRESTON 18C?
- PRESTON 18C is a Texas oil lease in Midland County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 48907.
- Is PRESTON 18C still producing?
- PRESTON 18C is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PRESTON 18C is August 2026.
- How much has PRESTON 18C produced?
- PRESTON 18C has reported 347,861 barrels of oil (bbl) to the Railroad Commission of Texas between December 2016 and August 2026, from 1 wellbore.
- How much is PRESTON 18C worth?
- The remaining production from PRESTON 18C is estimated to be worth about $1.1M in total as of 26 August 2026, within a range of $897K to $1.4M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PRESTON 18C is a fraction of it. The estimate fits an Arps decline curve to the production PRESTON 18C has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PRESTON 18C is an estimate of value, not an offer and not an appraisal.
- How much income does PRESTON 18C generate in a year?
- PRESTON 18C is forecast to net about $477K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in PRESTON 18C 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 | 48907 |
| Wellbores | 1 |
| Reported production | 347,861 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.1M |
Where PRESTON 18C 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.