PRESTON S31O
PRESTON S31O 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 March 2021 to August 2026, totalling 265,169 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 $627K, with roughly $424K 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 1,042 barrels a month. Its strongest month on the record we hold was May 2022, at 15,335 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 S31O
- Who operates PRESTON S31O?
- PRESTON S31O is operated by Pioneer Natural Res. USA, Inc., Railroad Commission of Texas operator number 665748.
- Where is PRESTON S31O?
- PRESTON S31O is a Texas oil lease in Midland County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 56063.
- Is PRESTON S31O still producing?
- PRESTON S31O is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PRESTON S31O is August 2026.
- How much has PRESTON S31O produced?
- PRESTON S31O has reported 265,169 barrels of oil (bbl) to the Railroad Commission of Texas between March 2021 and August 2026, from 1 wellbore.
- How much is PRESTON S31O worth?
- The remaining production from PRESTON S31O is estimated to be worth about $627K in total as of 27 August 2026, within a range of $520K to $733K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PRESTON S31O is a fraction of it. The estimate fits an Arps decline curve to the production PRESTON S31O has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PRESTON S31O is an estimate of value, not an offer and not an appraisal.
- How much income does PRESTON S31O generate in a year?
- PRESTON S31O is forecast to net about $424K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in PRESTON S31O 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 | 56063 |
| Wellbores | 1 |
| Reported production | 265,169 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $627K |
Where PRESTON S31O 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.