STILES 68

Name: STILES 68 lease production and value, Mar 2005 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by TAPSTONE ENERGY, LLC (P-5 836005) in the STILES RANCH (GRANITE WASH CONS) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 209405District 10Field 861252502 tax incentive programmesCondensateGasSave Export

Value, all time

$12.6 M

Mar 2005 – Feb 2016

Value, last 12 filed months

$7 k

at the published price for each month

Months reported

132

no gaps in the span

Streams

condensate, gas

The STILES RANCH (GRANITE WASH CONS) field

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 906 leases and 906 wells, and the rule below applies to all of them.

Discovered

2008-06-24

as the register files it

Field class

Oil and gas

the register's own label

Between wells

0 ft

minimum

From a lease line

467 ft

minimum

A drilling unit in this field needs at least 40 acres. The field rule took effect on 2011-10-11.

The Commission's schedule remark for this field reads: “FIELD. EFFECTIVE 4/12/16.”

Severance-tax incentive filings

Applications the operator filed to have this lease's gas taxed at a reduced state rate. A filing is an application, and this page never calls one a reduction that was granted.

Programme	Filings	With an approval date	Dated	Docket
High Cost Gas	1	1	2005-11-02	164641
NGPA	1	none	—	—

This says nothing about a royalty. A severance tax is charged to the operator. Whether a reduced rate reaches a royalty owner depends on the wording of the lease instrument, which is a private contract this site does not hold.

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.

Stream	Basis	Volume	Value
Condensate	Disposition	42,897 bbl	$2,859,664
Gas	Production	1,486,800 Mcf	$9,788,515
Total			$12,648,179

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 35.4427, -100.0570. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

35.44272, -100.05700 · centre of the wells drawn, derived⌘ or Ctrl + scroll to zoom

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

100.0%

1 of 1 wells

With a plug date

100.0%

1 of 1 wells

Median depth

14,262 ft

1 wells filed one

Completion to plug

10.3 years

median over 1 well

What the state filed about each well

On the RRC proration schedule

1100.0%

A plug date is filed

1100.0%

BothOn the schedule and plugged. Neither fact cancels the other.

1100.0%

NeitherNo plug date, and not on the schedule.

00.0%

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 14,262 ft.

Completions filed

Mar 2005

1 of 1 wells

Plug dates filed

Jun 2015

1 of 1 wells

Last completion to plug: a median of 10.3 years across the 1 well that filed both dates, with the middle half between 10.3 years and 10.3 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-48331782	2068	14,262 ft	Mar 2005	Jun 2015	Yes

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 (132)

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

132 months


Feb 2016	0	0	26.47	2.06	$0
Jan 2016	0	0	27.35	2.36	$0
Dec 2015	0	0	32.36	2.00	$0
Nov 2015	0	0	38.79	2.17	$0
Oct 2015	0	0	43.55	2.43	$0
Sep 2015	0	0	42.99	2.76	$0
Aug 2015	0	0	40.16	2.87	$0
Jul 2015	150	0	48.15	2.95	$7,223
Jun 2015	0	0	56.15	2.88	$0
May 2015	0	0	55.21	2.96	$0
Apr 2015	0	0	49.82	2.71	$0
Mar 2015	0	0	42.89	2.93	$0
Feb 2015	0	0	44.66	2.98	$0
Jan 2015	0	0	43.43	3.10	$0
Dec 2014	0	0	54.69	3.59	$0
Nov 2014	0	86	70.46	4.25	$366
Oct 2014	0	0	78.30	3.90	$0
Sep 2014	0	0	86.16	4.05	$0
Aug 2014	0	0	89.39	4.04	$0
Jul 2014	0	588	96.56	4.18	$2,458
Jun 2014	219	5,500	98.16	4.74	$47,550
May 2014	0	6,289	94.73	4.73	$29,725
Apr 2014	191	6,178	95.94	4.81	$48,035
Mar 2014	191	6,994	95.89	5.06	$53,682
Feb 2014	189	7,588	97.40	6.19	$65,394
Jan 2014	200	8,020	90.40	4.86	$57,063
Dec 2013	400	6,624	91.82	4.35	$65,572
Nov 2013	207	7,605	88.85	3.74	$46,822
Oct 2013	385	8,030	97.42	3.78	$67,855
Sep 2013	188	7,381	104.11	3.72	$47,013
Aug 2013	194	8,961	104.25	3.52	$51,791
Jul 2013	364	9,168	102.52	3.72	$71,402
Jun 2013	373	9,777	94.40	3.93	$73,668
May 2013	190	7,581	94.83	4.15	$49,472
Apr 2013	1	6,622	93.96	4.28	$28,453
Mar 2013	2	6,711	93.62	3.91	$26,447
Feb 2013	2	6,243	91.23	3.42	$21,533
Jan 2013	198	6,952	91.60	3.42	$41,912
Dec 2012	1	7,149	86.77	3.42	$24,537
Nov 2012	0	7,669	86.95	3.62	$27,800
Oct 2012	0	7,810	89.38	3.40	$26,552
Sep 2012	187	7,048	94.67	2.92	$38,272
Aug 2012	187	7,101	92.66	2.91	$37,978
Jul 2012	2	4,272	85.13	3.02	$13,075
Jun 2012	0	5,286	79.82	2.52	$13,316
May 2012	193	6,294	91.61	2.49	$33,342
Apr 2012	194	8,214	101.65	2.00	$36,122
Mar 2012	364	9,980	105.05	2.22	$60,415
Feb 2012	192	9,097	101.10	2.57	$42,793
Jan 2012	189	10,251	98.09	2.73	$46,566
Dec 2011	0	3,251	96.87	3.24	$10,532
Nov 2011	193	7,178	95.72	3.31	$42,242
Oct 2011	190	7,361	84.98	3.65	$43,003
Sep 2011	194	8,421	83.62	3.99	$49,787
Aug 2011	187	8,443	83.40	4.15	$50,629
Jul 2011	374	9,814	94.14	4.52	$79,541
Jun 2011	182	8,415	92.90	4.64	$55,952
May 2011	0	8,649	98.13	4.40	$38,097
Apr 2011	183	8,816	105.96	4.33	$57,593
Mar 2011	192	8,739	96.36	4.06	$53,958
Feb 2011	195	7,826	85.64	4.18	$49,412
Jan 2011	182	11,053	86.50	4.59	$66,463
Dec 2010	0	2,592	85.73	4.35	$11,269
Nov 2010	177	9,591	80.84	3.80	$50,710
Oct 2010	182	10,114	78.10	3.51	$49,703
Sep 2010	175	9,730	72.63	3.98	$51,430
Aug 2010	174	10,420	73.68	4.42	$58,870
Jul 2010	183	10,424	72.55	4.74	$62,650
Jun 2010	177	10,649	70.36	4.91	$64,745
May 2010	169	11,670	71.12	4.24	$61,444
Apr 2010	376	12,435	81.69	4.12	$81,981
Mar 2010	182	13,644	78.39	4.39	$74,146
Feb 2010	173	12,669	73.58	5.44	$81,679
Jan 2010	363	13,985	74.36	5.96	$110,400
Dec 2009	192	13,338	71.44	5.48	$86,859
Nov 2009	187	11,474	74.59	3.75	$56,993
Oct 2009	341	12,362	72.54	4.11	$75,547
Sep 2009	346	10,351	65.54	3.06	$54,400
Aug 2009	358	10,851	67.42	3.22	$59,060
Jul 2009	173	6,323	61.13	3.46	$32,482
Jun 2009	186	6,981	66.16	3.90	$39,497
May 2009	359	7,432	54.74	3.93	$48,828
Apr 2009	181	7,098	46.77	3.59	$33,929
Mar 2009	163	5,798	42.14	4.06	$30,403
Feb 2009	321	6,450	32.81	4.63	$40,415
Jan 2009	362	7,519	35.86	5.37	$53,366
Dec 2008	174	7,608	37.10	5.98	$51,929
Nov 2008	370	7,828	55.49	6.86	$74,234
Oct 2008	181	7,650	75.24	6.92	$66,572
Sep 2008	180	7,836	101.76	7.88	$80,042
Aug 2008	357	7,393	114.22	8.48	$103,492
Jul 2008	179	8,620	131.08	11.39	$121,640
Jun 2008	176	7,276	131.33	13.03	$117,940
May 2008	181	7,390	123.17	11.57	$107,828
Apr 2008	357	8,858	110.31	10.45	$131,990
Mar 2008	182	7,255	101.90	9.66	$88,659
Feb 2008	187	7,676	92.53	8.77	$84,626
Jan 2008	172	7,489	90.38	8.21	$76,998
Dec 2007	386	7,437	88.33	7.30	$88,400
Nov 2007	539	10,809	91.67	7.29	$128,226
Oct 2007	190	9,881	82.85	6.92	$84,138
Sep 2007	189	10,245	75.84	6.24	$78,305
Aug 2007	192	10,405	69.06	6.39	$79,726
Jul 2007	564	11,556	70.90	6.39	$113,807
Jun 2007	379	11,375	62.00	7.55	$109,362
May 2007	356	13,426	58.74	7.85	$126,256
Apr 2007	186	12,984	59.61	7.81	$112,430
Mar 2007	559	13,813	56.92	7.30	$132,680
Feb 2007	188	10,724	55.10	8.22	$98,467
Jan 2007	361	17,722	50.30	6.73	$137,372
Dec 2006	554	12,274	56.65	6.92	$116,301
Nov 2006	374	13,876	54.20	7.62	$125,971
Oct 2006	355	14,617	54.90	6.01	$107,393
Sep 2006	553	15,191	60.08	5.04	$109,744
Aug 2006	355	16,235	68.71	7.34	$143,556
Jul 2006	539	16,811	69.37	6.34	$144,019
Jun 2006	541	16,738	66.28	6.38	$142,711
May 2006	359	18,405	66.01	6.42	$141,950
Apr 2006	724	18,601	64.39	7.36	$183,531
Mar 2006	726	22,815	56.70	7.08	$202,761
Feb 2006	539	19,856	57.59	7.75	$184,947
Jan 2006	745	23,842	60.59	8.93	$258,128
Dec 2005	736	26,016	54.94	13.42	$389,451
Nov 2005	922	27,003	54.69	10.59	$336,343
Oct 2005	908	29,360	58.34	13.80	$458,016
Sep 2005	726	31,662	61.45	12.08	$427,058
Aug 2005	1,266	36,816	61.51	9.80	$438,552
Jul 2005	1,262	42,508	55.69	7.84	$403,698
Jun 2005	1,318	49,277	52.33	7.38	$432,686
May 2005	2,018	62,598	45.22	6.65	$507,603
Apr 2005	2,889	79,160	49.20	7.36	$724,794
Mar 2005	4,978	104,948	50.37	7.15	$1,001,632

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.

Jul 2015 — as filed, then multipliedworked

Condensate           150 bbl  × $ 48.15 =     $7,223
Gas                    0 Mcf  × $  2.95 =         $0

────────────────────────────────────────────────────
Month total                                   $7,223

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. 10/G/209405 is the state's own key, not one this site invented.