PRESTON E17C
PRESTON E17C 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 September 2021 to August 2026, totalling 468,012 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 $3.4M, with roughly $1.7M 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 3,714 barrels a month. Its strongest month on the record we hold was March 2023, at 26,117 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 E17C
- Who operates PRESTON E17C?
- PRESTON E17C is operated by Pioneer Natural Res. USA, Inc., Railroad Commission of Texas operator number 665748.
- Where is PRESTON E17C?
- PRESTON E17C is a Texas oil lease in Midland County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 56350.
- Is PRESTON E17C still producing?
- PRESTON E17C is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PRESTON E17C is August 2026.
- How much has PRESTON E17C produced?
- PRESTON E17C has reported 468,012 barrels of oil (bbl) to the Railroad Commission of Texas between September 2021 and August 2026, from 1 wellbore.
- How much is PRESTON E17C worth?
- The remaining production from PRESTON E17C is estimated to be worth about $3.4M in total as of 26 August 2026, within a range of $2.8M to $4.0M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PRESTON E17C is a fraction of it. The estimate fits an Arps decline curve to the production PRESTON E17C has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PRESTON E17C is an estimate of value, not an offer and not an appraisal.
- How much income does PRESTON E17C generate in a year?
- PRESTON E17C is forecast to net about $1.7M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in PRESTON E17C 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 | 56350 |
| Wellbores | 1 |
| Reported production | 468,012 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $3.4M |
Where PRESTON E17C 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.