PRESTON 36C
PRESTON 36C 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 January 2016 to August 2026, totalling 175,785 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 $1.4M, with roughly $218K 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 98 barrels a month. Its strongest month on the record we hold was July 2016, at 11,039 barrels. In our own backtest, leases producing at this rate are forecast to within about 45% 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 36C
- Who operates PRESTON 36C?
- PRESTON 36C is operated by Pioneer Natural Res. USA, Inc., Railroad Commission of Texas operator number 665748.
- Where is PRESTON 36C?
- PRESTON 36C is a Texas oil lease in Midland County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 47898.
- Is PRESTON 36C still producing?
- PRESTON 36C is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PRESTON 36C is August 2026.
- How much has PRESTON 36C produced?
- PRESTON 36C has reported 175,785 barrels of oil (bbl) to the Railroad Commission of Texas between January 2016 and August 2026, from 1 wellbore.
- How much is PRESTON 36C worth?
- The remaining production from PRESTON 36C is estimated to be worth about $1.4M in total as of 26 August 2026, within a range of $791K to $2.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PRESTON 36C is a fraction of it. The estimate fits an Arps decline curve to the production PRESTON 36C has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PRESTON 36C is an estimate of value, not an offer and not an appraisal.
- How much income does PRESTON 36C generate in a year?
- PRESTON 36C is forecast to net about $218K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in PRESTON 36C 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 | 47898 |
| Wellbores | 1 |
| Reported production | 175,785 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.4M |
Where PRESTON 36C 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.