PRESTON 5

Operated by PIONEER NATURAL RES. USA, INC. (P-5 665748) in the SPRABERRY (TREND AREA) R 40 EXC field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 47241District 08Field 85280301OilCasinghead gasSave
Value, all time
$495.3 M
Nov 2015 – May 2026
Value, last 12 filed months
$15.3 M
at the published price for each month
Months reported
127
no gaps in the span
Streams
2
oil, casinghead gas

What this lease produced, and what it was worth

Oil and condensate are valued on the volume the state records as disposed of; gas and casinghead gas on the volume produced. They are different columns of different files, and the difference is not cosmetic.

StreamBasisVolumeValue
OilDisposition6,931,576 bbl$355,538,107
Casinghead gasProduction43,755,193 Mcf$139,759,637
Total$495,297,744

Wells on this lease (29)

Every wellbore the Railroad Commission records against this lease key, with the depth, the last completion and the plug date exactly as filed. A well with no plug date is not stated to be producing — the state files no such flag.

These wells centre on 31.7025, -101.8091. A lease has no coordinate of its own — that point is the mean of its wells, and they span 2.0 miles.

31.70328, -101.81075 · centre of the wells drawn, derived

What these wells add up to

Every figure below is counted over all of this lease's wells, not over the rows listed above. The Railroad Commission files two facts about a well's state — a plug date and a proration-schedule flag — and a well can carry both, so they are published as separate counts and never merged into a status.

On the schedule
10.3%
3 of 29 wells
With a plug date
10.3%
3 of 29 wells
Median depth
9,179 ft
29 wells filed one
Completion to plug
7.0 years
median over 3 wells

What the state filed about each well

On the RRC proration schedule
310.3%
A plug date is filed
310.3%
BothOn the schedule and plugged. Neither fact cancels the other.
310.3%
NeitherNo plug date, and not on the schedule.
2689.7%

A plug date is the date the Commission recorded the wellbore as sealed with cement and abandoned. It is the only end-of-life fact Texas files. There is no "active" flag on a well, so this page does not print one — a well with no plug date is not stated to be producing.

How deep they were drilled

0k
2k
4k
6k
8k
10k
12k
15k
20k+

Total depth in feet, 29 of 29 wells. Median 9,179 ft, with the middle half between 8,799 and 9,213 ft; the shallowest is 8,740 ft and the deepest 10,300 ft. The median is published rather than the mean, because a single mis-keyed depth moves a mean and cannot move a median.

When they were last completed

80s
90s
00s
10s

Last completion by decade, 29 of 29 wells, Nov 1986 – Jun 2019. This is the LAST completion filed on each wellbore, not the first — a well recompleted in 2019 counts once, in the 2010s.

Completions filed
Nov 1986 – Jun 2019
29 of 29 wells
Plug dates filed
Dec 2022 – Feb 2024
3 of 29 wells; 26 filed none

Last completion to plug: a median of 7.0 years across the 3 wells that filed both dates, with the middle half between 7.0 years and 21.6 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

29 wells

42-3290085912D9,000 ftJun 2019
42-3294274927H8,740 ftMar 2019
42-3294274826H8,750 ftMar 2019
42-3294133525H8,764 ftJun 2018
42-3294133424H8,768 ftMay 2018
42-3294079021H8,781 ftMar 2017
42-3294079223H8,783 ftMar 2017
42-3294040910H8,817 ftMar 2017Feb 2024Yes
42-3294041112H8,787 ftMar 2017
42-3294041011H8,799 ftMar 2017
42-3294079122H8,799 ftFeb 2017
42-329402749H8,826 ftAug 2016
42-329402727H8,826 ftAug 2016
42-329402738H8,813 ftAug 2016
42-3294062520H9,179 ftJun 2016
42-3294062419H9,197 ftMay 2016May 2023Yes
42-3294043215H9,223 ftMay 2016
42-3294041213H9,231 ftMay 2016
42-3294043114H9,226 ftMay 2016
42-3294043518H9,183 ftMay 2016
42-3294043316H9,204 ftMay 2016
42-3294043417H9,184 ftMay 2016
42-329402661H9,225 ftDec 2015
42-329402683H9,227 ftDec 2015
42-329402694H9,211 ftDec 2015
42-329402672H9,246 ftDec 2015
42-329402716H9,205 ftNov 2015
42-329402705H9,213 ftNov 2015
42-329317122710,300 ftNov 1986Dec 2022Yes

The API number is the state's, prefixed 42 for Texas. A well is matched to this lease by the lease key the Commission files on the wellbore record, so a well that has moved between leases appears under each one it was filed against.

Every month this lease reported (127)

Volume × price = value, one row per cycle. The price columns are the same series published on the prices page — nothing here is modelled.

127 months

May 20264,466121,788106.413.05$846,174
Apr 20265,576107,87798.932.87$861,210
Mar 20267,744134,85489.753.15$1,119,739
Feb 20265,101131,03063.503.75$815,318
Jan 20269,310132,95359.138.00$1,613,848
Dec 202516,249195,89756.664.41$1,785,232
Nov 20256,816123,29258.593.93$883,448
Oct 202515,764205,29259.383.30$1,614,524
Sep 202513,798183,43462.743.08$1,430,098
Aug 202512,500186,08363.933.01$1,360,121
Jul 202513,442182,19466.743.32$1,501,129
Jun 202514,526172,28266.483.13$1,504,711
May 202513,710175,02860.553.23$1,395,887
Apr 202510,550160,65762.363.54$1,227,125
Mar 202513,713175,07767.704.27$1,675,655
Feb 20254,842125,32970.884.34$887,234
Jan 202511,318172,86974.324.28$1,580,805
Dec 202415,132191,29368.993.12$1,641,053
Nov 202414,752179,47169.052.20$1,413,182
Oct 202415,461188,19271.372.28$1,532,793
Sep 202415,914181,47469.612.36$1,536,843
Aug 202414,368178,15275.632.06$1,454,292
Jul 202414,136177,17979.932.15$1,510,221
Jun 20249,970152,24778.082.63$1,179,473
May 202410,537168,15278.812.20$1,200,093
Apr 202412,566163,17984.451.66$1,331,945
Mar 202412,429165,44480.301.55$1,253,681
Feb 202411,133152,77676.091.78$1,119,607
Jan 20249,135137,68273.023.30$1,121,066
Dec 202312,565165,16771.262.61$1,326,587
Nov 202311,252154,85477.892.81$1,311,180
Oct 202311,360164,65385.443.09$1,478,928
Sep 20239,243151,43389.042.74$1,237,172
Aug 202312,268179,66780.522.67$1,468,048
Jul 202312,446176,64974.852.64$1,398,254
Jun 202319,658217,52168.962.26$1,846,883
May 202315,720219,37170.622.23$1,598,773
Apr 202310,665216,96278.122.24$1,318,659
Mar 202318,623242,83372.852.39$1,937,824
Feb 202316,809219,85575.112.47$1,804,616
Jan 202319,574248,25576.533.39$2,339,017
Dec 202216,389229,83176.415.73$2,569,004
Nov 202216,754233,63685.005.65$2,743,246
Oct 202217,918244,70587.185.86$2,996,983
Sep 202216,797236,03984.888.16$3,352,676
Aug 202213,334217,18494.529.13$3,242,603
Jul 202213,963235,212101.587.54$3,192,349
Jun 202214,825246,173115.097.98$3,669,981
May 202217,144249,088109.378.43$3,975,608
Apr 202217,409247,943104.226.84$3,509,701
Mar 202216,614254,344108.885.08$3,100,084
Feb 202215,993232,60591.054.86$2,586,353
Jan 202219,716267,36681.844.54$2,826,779
Dec 202120,480275,08471.323.90$2,533,219
Nov 202121,496286,07377.435.24$3,162,557
Oct 202126,026360,41379.795.71$4,135,968
Sep 202121,933342,94069.865.35$3,367,284
Aug 202128,154388,61866.024.22$3,498,924
Jul 202130,729407,49870.783.98$3,797,688
Jun 202131,709396,45769.493.38$3,543,729
May 202131,511395,68463.483.02$3,194,362
Apr 202129,105384,82460.362.76$2,818,284
Mar 202129,822393,02461.302.72$2,895,911
Feb 202119,245288,59557.805.55$2,713,472
Jan 202136,508432,45050.412.81$3,055,670
Dec 202037,818445,39944.642.68$2,879,843
Nov 202034,351430,36738.772.71$2,496,607
Oct 202039,240478,92936.972.48$2,637,695
Sep 202041,378486,16037.091.99$2,502,674
Aug 202044,470503,28639.982.39$2,978,298
Jul 202047,587506,71338.371.83$2,750,725
Jun 202048,507495,34234.901.69$2,530,176
May 202053,303520,15516.921.81$1,845,838
Apr 202053,972505,01614.751.80$1,707,328
Mar 202057,038490,60330.341.86$2,641,205
Feb 202045,875427,48949.881.98$3,134,960
Jan 202053,114467,97457.252.09$4,021,060
Dec 201948,477476,63459.012.30$3,958,964
Nov 201951,946499,00855.302.75$4,245,235
Oct 201962,414540,20153.472.42$4,643,774
Sep 201966,647531,53655.052.66$5,081,357
Aug 201975,389554,24953.112.30$5,281,099
Jul 201977,870529,42756.272.46$5,684,167
Jun 201987,984527,36552.782.49$5,957,567
May 201999,174532,89958.482.74$7,260,009
Apr 2019105,660506,38662.632.75$8,010,402
Mar 201989,343485,73756.803.06$6,562,058
Feb 201946,395410,73650.852.79$3,506,051
Jan 201970,161538,87046.033.23$4,969,080
Dec 201878,953554,76846.594.19$6,000,368
Nov 201878,925522,80452.934.24$6,392,746
Oct 201881,938536,96561.443.40$6,858,921
Sep 201892,304551,14259.543.11$7,208,730
Aug 201884,287537,35359.403.07$6,654,473
Jul 201887,728528,70665.142.93$7,264,704
Jun 201878,034491,58960.183.08$6,208,666
May 201860,391483,49265.382.90$5,350,877
Apr 201872,126543,53463.842.90$6,181,207
Mar 201881,894588,30561.222.79$6,653,063
Feb 201878,506534,82461.782.77$6,329,488
Jan 201891,650583,22662.874.01$8,100,375
Dec 201785,218565,10857.272.92$6,531,409
Nov 2017101,792628,65455.423.12$7,601,682
Oct 2017113,065666,34549.292.98$7,561,134
Sep 2017121,791664,46647.523.09$7,838,901
Aug 2017139,319707,43545.373.00$8,446,321
Jul 2017151,296671,23843.873.09$8,709,655
Jun 2017157,954650,21842.493.09$8,718,870
May 2017170,329628,43645.373.26$9,778,665
Apr 2017187,497533,73147.933.21$10,700,862
Mar 2017172,155378,81646.772.98$9,181,955
Feb 201752,528149,56750.452.95$3,091,649
Jan 201788,594330,57949.413.42$5,507,613
Dec 2016136,239526,71648.763.72$8,603,888
Nov 2016152,383534,96942.492.64$7,889,399
Oct 2016180,115553,20246.193.09$10,029,050
Sep 2016207,090574,58241.553.10$10,386,156
Aug 2016223,462496,23041.442.92$10,711,411
Jul 2016190,798308,27741.622.92$8,842,520
Jun 2016255,245365,91645.352.69$12,558,149
May 201694,459160,43242.521.99$4,335,823
Apr 201661,881174,95636.561.99$2,610,714
Mar 201651,892133,33333.011.79$1,952,156
Feb 201696,609250,55226.472.06$3,074,287
Jan 2016149,951231,97627.352.36$4,649,635
Dec 2015141,906183,88432.362.00$4,960,105
Nov 201514,44414,20338.792.17$591,065

How to read this page

The arithmetic is one multiplication per stream per month. Here it is, worked, on a real row from the table above.

May 2026 — as filed, then multipliedworked
Oil                4,466 bbl  × $106.41 =   $475,227
Casinghead gas   121,788 Mcf  × $  3.05 =   $370,947

────────────────────────────────────────────────────
Month total                                 $846,174

The volumes are the state's, unchanged

Every barrel and every Mcf on this page is a number the Railroad Commission of Texas published in its monthly production query. Nothing is modelled, estimated or filled in.

The dollars are a multiplication, not a valuation

Volume × a published monthly price. It is not what the operator was paid: it takes no account of a contract, a differential, a transportation deduction, or the share any one owner holds.

Oil and gas are priced differently

Oil is a Texas realisation — the crude oil first purchase price. Gas is a benchmark, because no free Texas wellhead gas series exists at any date. The prices page publishes the difference rather than correcting it away.

A lease is not a well

The state reports oil on lease and gas on well, and this page is the lease grain. 08/O/47241 is the state's own key, not one this site invented.