PRESTON N31G

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 50712District 08Field 85280301Hydrogen sulphide fieldOilCasinghead gasSaveExport
Value, all time
$20.5 M
May 2018 – May 2026
Value, last 12 filed months
$857 k
at the published price for each month
Months reported
97
no gaps in the span
Streams
2
oil, casinghead gas

The Railroad Commission's own record for the field this lease produces from, including the spacing rule that governs how close together its wells may be drilled.

These are facts about the field, not about this lease. The field holds 581 leases and 1,079 wells, and the rule below applies to all of them.

Discovered
2013-12-18
as the register files it
Field class
Oil and gas
the register's own label
Between wells
0 ft
minimum
From a lease line
330 ft
minimum

A drilling unit in this field needs at least 80 acres. The field rule took effect on 2016-03-08.

The register flags this field for hydrogen sulphide. That is a poisonous gas that occurs naturally in some formations. The flag is a property of the field as the Commission records it. It is not a measurement taken at this lease, and it is not a statement that gas is escaping anywhere.

The Commission's schedule remark for this field reads: DESIGNATED AS UFT FIELD PER DOCKET 01-0299858

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
OilDisposition233,384 bbl$13,864,571
Casinghead gasProduction1,923,094 Mcf$6,657,762
Total$20,522,332

Wells on this lease (1)

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 31.7356, -101.8527. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.73557, -101.85271 · 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
0.0%
0 of 1 wells
With a plug date
0.0%
0 of 1 wells
Median depth
9,446 ft
1 wells filed one
Completion to plug
no well filed both dates

What the state filed about each well

On the RRC proration schedule
00.0%
A plug date is filed
00.0%
BothOn the schedule and plugged. Neither fact cancels the other.
00.0%
NeitherNo plug date, and not on the schedule.
1100.0%

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

The one well that filed a depth was drilled to 9,446 ft.

Completions filed
May 2018
1 of 1 wells

1 well

42-329415457H9,446 ftMay 2018

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 (97)

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

97 months

May 202633414,065106.413.05$78,381
Apr 202629711,81698.932.87$63,291
Mar 202629915,67689.753.15$76,206
Feb 202623614,20163.503.75$68,244
Jan 202623612,06059.138.00$110,410
Dec 20255521,11756.664.41$96,313
Nov 20258612,16958.593.93$52,820
Oct 20253168,36459.383.30$46,406
Sep 20253347,22062.743.08$43,171
Aug 202537914,65563.933.01$68,411
Jul 202543415,68166.743.32$80,951
Jun 202548113,06166.483.13$72,841
May 202550515,20360.553.23$79,719
Apr 202553413,77362.363.54$82,100
Mar 202556314,57667.704.27$100,330
Feb 202583812,97870.884.34$115,733
Jan 202567312,18474.324.28$102,149
Dec 202478215,66168.993.12$102,834
Nov 202468514,12169.052.20$78,343
Oct 202465913,85071.372.28$78,630
Sep 202470914,13569.612.36$82,774
Aug 202464513,15775.632.06$75,933
Jul 202449814,69479.932.15$71,347
Jun 202431914,20478.082.63$62,321
May 202446512,70378.812.20$64,573
Apr 202423817,37484.451.66$48,926
Mar 202439815,75380.301.55$56,300
Feb 202459716,08876.091.78$74,121
Jan 202456112,88373.023.30$83,448
Dec 202379614,70071.262.61$95,101
Nov 202356717,91377.892.81$94,455
Oct 202358717,31185.443.09$103,597
Sep 20235213,92889.042.74$42,724
Aug 20233312,25580.522.67$35,413
Jul 20238116,00474.852.64$48,342
Jun 20239614,35068.962.26$39,029
May 202325315,43370.622.23$52,242
Apr 202341014,06078.122.24$63,492
Mar 202377617,84772.852.39$99,242
Feb 202350113,92175.112.47$71,955
Jan 202395419,88376.533.39$140,368
Dec 202289020,30776.415.73$184,345
Nov 202277120,58785.005.65$181,773
Oct 202274520,67187.185.86$186,159
Sep 202281720,74884.888.16$238,727
Aug 202288121,02094.529.13$275,125
Jul 202289622,719101.587.54$262,364
Jun 202296823,637115.097.98$299,964
May 20221,18725,583109.378.43$345,565
Apr 20221,07721,685104.226.84$260,518
Mar 20221,20222,249108.885.08$243,819
Feb 20221,03619,34391.054.86$188,312
Jan 20221,24020,76581.844.54$195,707
Dec 20211,33719,52671.323.90$171,489
Nov 20211,19817,56777.435.24$184,757
Oct 202188314,86279.795.71$155,374
Sep 20211,07019,42069.865.35$178,665
Aug 20211,37322,50666.024.22$185,634
Jul 20211,30518,47870.783.98$165,949
Jun 20211,41118,02169.493.38$158,973
May 20211,45017,75263.483.02$145,616
Apr 20211,42616,76760.362.76$132,324
Mar 20211,36220,33861.302.72$138,748
Feb 20211,05516,99957.805.55$155,289
Jan 20211,75120,56350.412.81$146,055
Dec 20201,91022,22144.642.68$144,714
Nov 20201,68020,71538.772.71$121,200
Oct 20201,86322,06536.972.48$123,562
Sep 20201,87923,99137.091.99$117,459
Aug 20201,82925,14839.982.39$133,104
Jul 20202,07624,50038.371.83$124,372
Jun 20202,14623,41934.901.69$114,481
May 20202,37723,67616.921.81$83,185
Apr 20202,12222,39014.751.80$71,700
Mar 20202,36222,63930.341.86$113,686
Feb 20202,37420,99249.881.98$159,993
Jan 20202,84325,05257.252.09$215,239
Dec 20193,60726,26659.012.30$273,375
Nov 20193,39824,63955.302.75$255,684
Oct 20193,86327,25153.472.42$272,462
Sep 20193,96729,09155.052.66$295,686
Aug 20194,29332,23753.112.30$302,287
Jul 20194,61731,99656.272.46$338,511
Jun 20194,99532,11852.782.49$343,648
May 20195,21139,51658.482.74$413,026
Apr 20195,46931,52962.632.75$429,250
Mar 20197,03941,80256.803.06$527,817
Feb 20196,96322,92550.852.79$418,080
Jan 20196,38910,96446.033.23$329,479
Dec 20185,21619,11546.594.19$323,018
Nov 20189,00836,38252.934.24$630,953
Oct 201810,36727,51761.443.40$730,453
Sep 201811,81231,72659.543.11$801,891
Aug 201816,53044,09159.403.07$1,117,090
Jul 201821,46635,82965.142.93$1,503,342
Jun 201822,01420,86560.183.08$1,389,002
May 20186,1067,28765.382.90$420,348

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                  334 bbl  × $106.41 =    $35,541
Casinghead gas    14,065 Mcf  × $  3.05 =    $42,840

────────────────────────────────────────────────────
Month total                                  $78,381

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/50712 is the state's own key, not one this site invented.