STILES 3

Operated by FORMENTERA OPERATIONS LLC (P-5 276959) 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 212668District 10Field 861252502 tax incentive programmesCondensateGasSaveExport
Value, all time
$11.8 M
Sep 2005 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
249
no gaps in the span
Streams
2
condensate, 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 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.

ProgrammeFilingsWith an approval dateDatedDocket
High Cost Gas112006-12-19168132
NGPA2none

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.

StreamBasisVolumeValue
CondensateDisposition33,658 bbl$2,300,135
GasProduction1,261,536 Mcf$9,468,882
Total$11,769,017

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 35.4458, -100.0517. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

35.44581, -100.05173 · 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
14,400 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 14,400 ft.

Completions filed
Sep 2005
1 of 1 wells

1 well

42-4833179750314,400 ftSep 2005

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 (249)

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

249 months

May 202600106.413.05$0
Apr 20260098.932.87$0
Mar 20260089.753.15$0
Feb 20260063.503.75$0
Jan 20260059.138.00$0
Dec 20250056.664.41$0
Nov 20250058.593.93$0
Oct 20250059.383.30$0
Sep 20250062.743.08$0
Aug 20250063.933.01$0
Jul 20250066.743.32$0
Jun 20250066.483.13$0
May 20250060.553.23$0
Apr 20250062.363.54$0
Mar 20250067.704.27$0
Feb 20250070.884.34$0
Jan 20250074.324.28$0
Dec 20240068.993.12$0
Nov 20240069.052.20$0
Oct 20240071.372.28$0
Sep 20240069.612.36$0
Aug 20240075.632.06$0
Jul 20240079.932.15$0
Jun 20240078.082.63$0
May 20240078.812.20$0
Apr 20240084.451.66$0
Mar 20240080.301.55$0
Feb 20240076.091.78$0
Jan 20240073.023.30$0
Dec 20230071.262.61$0
Nov 20230077.892.81$0
Oct 20230085.443.09$0
Sep 20230089.042.74$0
Aug 20230080.522.67$0
Jul 20230074.852.64$0
Jun 20230068.962.26$0
May 20230070.622.23$0
Apr 20230078.122.24$0
Mar 20230072.852.39$0
Feb 20230075.112.47$0
Jan 20230076.533.39$0
Dec 20220076.415.73$0
Nov 20220085.005.65$0
Oct 20220087.185.86$0
Sep 20220084.888.16$0
Aug 20220094.529.13$0
Jul 202200101.587.54$0
Jun 202200115.097.98$0
May 202200109.378.43$0
Apr 202200104.226.84$0
Mar 202200108.885.08$0
Feb 20220091.054.86$0
Jan 20220081.844.54$0
Dec 20210071.323.90$0
Nov 20210077.435.24$0
Oct 20210079.795.71$0
Sep 20210069.865.35$0
Aug 20210066.024.22$0
Jul 20210070.783.98$0
Jun 20210069.493.38$0
May 20210063.483.02$0
Apr 20210060.362.76$0
Mar 20210061.302.72$0
Feb 20210057.805.55$0
Jan 20210050.412.81$0
Dec 20200044.642.68$0
Nov 20200038.772.71$0
Oct 20200036.972.48$0
Sep 20200037.091.99$0
Aug 20200039.982.39$0
Jul 20200038.371.83$0
Jun 20200034.901.69$0
May 20200016.921.81$0
Apr 20200014.751.80$0
Mar 20200030.341.86$0
Feb 20200049.881.98$0
Jan 20200057.252.09$0
Dec 20190059.012.30$0
Nov 20190055.302.75$0
Oct 20190053.472.42$0
Sep 20190055.052.66$0
Aug 20190053.112.30$0
Jul 20190056.272.46$0
Jun 20190052.782.49$0
May 20190058.482.74$0
Apr 20190062.632.75$0
Mar 20190056.803.06$0
Feb 20190050.852.79$0
Jan 20190046.033.23$0
Dec 20180046.594.19$0
Nov 20180052.934.24$0
Oct 20180061.443.40$0
Sep 20180059.543.11$0
Aug 20180059.403.07$0
Jul 20180065.142.93$0
Jun 20180060.183.08$0
May 20180065.382.90$0
Apr 20180063.842.90$0
Mar 20180061.222.79$0
Feb 20180061.782.77$0
Jan 20180062.874.01$0
Dec 20170057.272.92$0
Nov 20170055.423.12$0
Oct 20170049.292.98$0
Sep 20170047.523.09$0
Aug 20170045.373.00$0
Jul 20170043.873.09$0
Jun 20170042.493.09$0
May 20170045.373.26$0
Apr 20170047.933.21$0
Mar 20170046.772.98$0
Feb 20170050.452.95$0
Jan 20170049.413.42$0
Dec 20160048.763.72$0
Nov 20160042.492.64$0
Oct 20160046.193.09$0
Sep 20160041.553.10$0
Aug 20160041.442.92$0
Jul 20160041.622.92$0
Jun 20160045.352.69$0
May 20160042.521.99$0
Apr 20160036.561.99$0
Mar 20160033.011.79$0
Feb 20160026.472.06$0
Jan 20160027.352.36$0
Dec 20150032.362.00$0
Nov 20150038.792.17$0
Oct 20150043.552.43$0
Sep 20150042.992.76$0
Aug 20150040.162.87$0
Jul 20150048.152.95$0
Jun 20150056.152.88$0
May 20150055.212.96$0
Apr 201520049.822.71$996
Mar 20150042.892.93$0
Feb 20150044.662.98$0
Jan 20150043.433.10$0
Dec 20140054.693.59$0
Nov 20140070.464.25$0
Oct 20140078.303.90$0
Sep 20140086.164.05$0
Aug 20140089.394.04$0
Jul 2014039696.564.18$1,655
Jun 2014022798.164.74$1,075
May 2014017094.734.73$804
Apr 2014017095.944.81$818
Mar 2014022795.895.06$1,148
Feb 2014011397.406.19$700
Jan 2014173190.404.86$15,644
Dec 2013465191.824.35$4,446
Nov 201321,20688.853.74$4,686
Oct 2013142,94997.423.78$12,509
Sep 20131787104.113.72$3,030
Aug 201342,174104.253.52$8,075
Jul 201353,053102.523.72$11,863
Jun 20131913,30994.403.93$31,046
May 201323,99394.834.15$16,757
Apr 201334,35393.964.28$18,924
Mar 20133845,32793.623.91$56,794
Feb 201335,22291.233.42$18,132
Jan 20133847,47191.603.42$60,725
Dec 201224,00086.773.42$13,854
Nov 20121913,93586.953.62$30,872
Oct 201203,48189.383.40$11,834
Sep 20121885,68994.672.92$34,401
Aug 201226,83892.662.91$20,071
Jul 20121928,23785.133.02$41,227
Jun 2012034579.822.52$869
May 2012025991.612.49$644
Apr 20120397101.652.00$793
Mar 20120594105.052.22$1,320
Feb 201213,010101.102.57$7,838
Jan 20121952,39498.092.73$25,673
Dec 201103,68896.873.24$11,948
Nov 201102,64695.723.31$8,762
Oct 20111966,42384.983.65$40,091
Sep 201106,40283.623.99$25,517
Aug 20111908,58683.404.15$51,472
Jul 201118810,07594.144.52$63,210
Jun 201137610,62092.904.64$84,206
May 201118810,39498.134.40$64,232
Apr 201119410,579105.964.33$66,398
Mar 201119610,31996.364.06$60,754
Feb 201119710,44385.644.18$60,523
Jan 2011116,65086.504.59$76,490
Dec 2010043685.734.35$1,896
Nov 20101813,00580.843.80$26,037
Oct 201017711,42378.103.51$53,906
Sep 201028,10472.633.98$32,395
Aug 20101669,92573.684.42$56,093
Jul 20103598,16272.554.74$64,705
Jun 20101809,56170.364.91$59,613
May 20101799,62671.124.24$53,499
Apr 201019110,51781.694.12$58,961
Mar 201017710,84078.394.39$61,448
Feb 201009,88373.585.44$53,787
Jan 201017911,49474.365.96$81,862
Dec 200937311,36871.445.48$88,986
Nov 200918911,20374.593.75$56,126
Oct 200917810,81072.544.11$57,344
Sep 200935810,54265.543.06$55,772
Aug 200917810,67367.423.22$46,352
Jul 200935810,73961.133.46$59,090
Jun 200918110,02066.163.90$51,003
May 200935010,95354.743.93$62,158
Apr 200917211,33046.773.59$48,691
Mar 20091849,72742.144.06$47,236
Feb 20093615,55532.814.63$37,581
Jan 200954010,93935.865.37$78,118
Dec 200835711,27937.105.98$80,661
Nov 2008010,05955.496.86$69,008
Oct 200817910,85375.246.92$88,592
Sep 200836010,212101.767.88$117,074
Aug 200834511,394114.228.48$136,061
Jul 200817711,901131.0811.39$158,747
Jun 200817711,658131.3313.03$175,180
May 200837712,266123.1711.57$188,405
Apr 200818112,697110.3110.45$152,711
Mar 200836613,600101.909.66$168,727
Feb 20081949,84392.538.77$104,280
Jan 200837310,81690.388.21$122,465
Dec 200718212,81788.337.30$109,665
Nov 200757111,48591.677.29$136,089
Oct 200736812,39682.856.92$116,294
Sep 200719212,76675.846.24$94,274
Aug 200717512,67069.066.39$93,021
Jul 200757312,36770.906.39$119,625
Jun 200737112,78162.007.55$119,479
May 200736313,59358.747.85$127,977
Apr 200737414,35559.617.81$134,338
Mar 200734517,09256.927.30$144,443
Feb 20071939,05255.108.22$85,006
Jan 200736414,99850.306.73$119,199
Dec 200655014,90056.656.92$134,242
Nov 200654416,58854.207.62$155,844
Oct 200654518,04954.906.01$138,464
Sep 200635118,26460.085.04$113,088
Aug 200672920,25968.717.34$198,789
Jul 200654221,25869.376.34$172,433
Jun 200672421,83566.286.38$187,379
May 200654025,32266.016.42$198,339
Apr 200690927,18864.397.36$258,647
Mar 200672330,78156.707.08$259,013
Feb 200691931,26757.597.75$295,279
Jan 20061,10540,52360.598.93$428,957
Dec 20051,49348,17554.9413.42$728,312
Nov 20052,00458,81754.6910.59$732,377
Oct 20052,90981,61058.3413.80$1,295,583
Sep 20052,97279,71261.4512.08$1,145,471

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.

Apr 2015 — as filed, then multipliedworked
Condensate            20 bbl  × $ 49.82 =       $996
Gas                    0 Mcf  × $  2.71 =         $0

────────────────────────────────────────────────────
Month total                                     $996

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/212668 is the state's own key, not one this site invented.