PRESTON-FREEMAN 15E
PRESTON-FREEMAN 15E 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 2022 to August 2026, totalling 467,360 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 $9.1M, with roughly $4.3M 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 7,699 barrels a month. Its strongest month on the record we hold was March 2023, at 26,867 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-FREEMAN 15E
- Who operates PRESTON-FREEMAN 15E?
- PRESTON-FREEMAN 15E is operated by Pioneer Natural Res. USA, Inc., Railroad Commission of Texas operator number 665748.
- Where is PRESTON-FREEMAN 15E?
- PRESTON-FREEMAN 15E is a Texas oil lease in Midland County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 58476.
- Is PRESTON-FREEMAN 15E still producing?
- PRESTON-FREEMAN 15E is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PRESTON-FREEMAN 15E is August 2026.
- How much has PRESTON-FREEMAN 15E produced?
- PRESTON-FREEMAN 15E has reported 467,360 barrels of oil (bbl) to the Railroad Commission of Texas between September 2022 and August 2026, from 1 wellbore.
- How much is PRESTON-FREEMAN 15E worth?
- The remaining production from PRESTON-FREEMAN 15E is estimated to be worth about $9.1M in total as of 27 August 2026, within a range of $7.6M to $10.7M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PRESTON-FREEMAN 15E is a fraction of it. The estimate fits an Arps decline curve to the production PRESTON-FREEMAN 15E has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PRESTON-FREEMAN 15E is an estimate of value, not an offer and not an appraisal.
- How much income does PRESTON-FREEMAN 15E generate in a year?
- PRESTON-FREEMAN 15E is forecast to net about $4.3M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in PRESTON-FREEMAN 15E 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 | 58476 |
| Wellbores | 1 |
| Reported production | 467,360 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $9.1M |
Where PRESTON-FREEMAN 15E 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.