PRESTON-SHACKELFORD 15L
PRESTON-SHACKELFORD 15L 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 July 2023 to August 2026, totalling 347,442 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 $7.8M, with roughly $2.7M 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 5,598 barrels a month. Its strongest month on the record we hold was March 2024, at 40,188 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-SHACKELFORD 15L
- Who operates PRESTON-SHACKELFORD 15L?
- PRESTON-SHACKELFORD 15L is operated by Pioneer Natural Res. USA, Inc., Railroad Commission of Texas operator number 665748.
- Where is PRESTON-SHACKELFORD 15L?
- PRESTON-SHACKELFORD 15L is a Texas oil lease in Midland County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 60292.
- Is PRESTON-SHACKELFORD 15L still producing?
- PRESTON-SHACKELFORD 15L is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PRESTON-SHACKELFORD 15L is August 2026.
- How much has PRESTON-SHACKELFORD 15L produced?
- PRESTON-SHACKELFORD 15L has reported 347,442 barrels of oil (bbl) to the Railroad Commission of Texas between July 2023 and August 2026, from 1 wellbore.
- How much is PRESTON-SHACKELFORD 15L worth?
- The remaining production from PRESTON-SHACKELFORD 15L is estimated to be worth about $7.8M in total as of 26 August 2026, within a range of $6.5M to $9.2M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PRESTON-SHACKELFORD 15L is a fraction of it. The estimate fits an Arps decline curve to the production PRESTON-SHACKELFORD 15L has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PRESTON-SHACKELFORD 15L is an estimate of value, not an offer and not an appraisal.
- How much income does PRESTON-SHACKELFORD 15L generate in a year?
- PRESTON-SHACKELFORD 15L is forecast to net about $2.7M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in PRESTON-SHACKELFORD 15L 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 | 60292 |
| Wellbores | 1 |
| Reported production | 347,442 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $7.8M |
Where PRESTON-SHACKELFORD 15L 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.