STILES 68

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 216364District 10Field 861252502 tax incentive programmesCondensateGasSaveExport
Value, all time
$8.5 M
Feb 2006 – May 2026
Value, last 12 filed months
$17 k
at the published price for each month
Months reported
244
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 Gas112006-08-30169310
NGPA1none

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
CondensateDisposition23,864 bbl$1,632,768
GasProduction1,168,413 Mcf$6,899,046
Total$8,531,814

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 35.4359, -100.0514. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

35.43595, -100.05142 · 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
15,250 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 15,250 ft.

Completions filed
Mar 2006
1 of 1 wells

1 well

42-48331968506815,250 ftMar 2006

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 (244)

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

244 months

May 20261280106.413.05$959
Apr 2026232498.932.87$1,128
Mar 2026235489.753.15$1,294
Feb 2026132163.503.75$1,267
Jan 2026231559.138.00$2,638
Dec 2025235256.664.41$1,667
Nov 2025233258.593.93$1,421
Oct 2025334759.383.30$1,325
Sep 2025234962.743.08$1,199
Aug 2025239663.933.01$1,322
Jul 2025234966.743.32$1,290
Jun 2025235166.483.13$1,231
May 2025334360.553.23$1,290
Apr 2025333762.363.54$1,381
Mar 2025235767.704.27$1,659
Feb 2025229870.884.34$1,435
Jan 2025234674.324.28$1,629
Dec 2024237768.993.12$1,315
Nov 2024335369.052.20$983
Oct 2024237071.372.28$987
Sep 2024235869.612.36$986
Aug 2024130475.632.06$703
Jul 2024235679.932.15$924
Jun 2024127178.082.63$792
May 2024232878.812.20$879
Apr 2024237284.451.66$786
Mar 2024238980.301.55$762
Feb 2024236476.091.78$801
Jan 2024128473.023.30$1,010
Dec 2023236671.262.61$1,098
Nov 2023334477.892.81$1,199
Oct 2023336385.443.09$1,377
Sep 2023133589.042.74$1,005
Aug 2023133780.522.67$981
Jul 2023013974.852.64$367
Jun 2023012068.962.26$271
May 2023110570.622.23$305
Apr 2023118178.122.24$483
Mar 2023124572.852.39$659
Feb 2023118175.112.47$521
Jan 2023114876.533.39$578
Dec 2022115876.415.73$982
Nov 2022114485.005.65$898
Oct 2022015687.185.86$915
Sep 2022110984.888.16$975
Aug 2022113494.529.13$1,318
Jul 20220179101.587.54$1,350
Jun 20221212115.097.98$1,806
May 20221278109.378.43$2,454
Apr 20221293104.226.84$2,108
Mar 2022093108.885.08$472
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 202104869.865.35$257
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 202018036.972.48$665
Sep 2020131837.091.99$670
Aug 2020133039.982.39$827
Jul 2020134338.371.83$664
Jun 2020132734.901.69$588
May 2020133816.921.81$630
Apr 2020135014.751.80$646
Mar 2020137630.341.86$728
Feb 2020139949.881.98$840
Jan 2020144757.252.09$994
Dec 2019146159.012.30$1,121
Nov 2019148955.302.75$1,400
Oct 2019150653.472.42$1,277
Sep 2019154055.052.66$1,490
Aug 2019156353.112.30$1,350
Jul 2019160056.272.46$1,532
Jun 2019158652.782.49$1,513
May 2019167458.482.74$1,905
Apr 2019465262.632.75$2,044
Mar 20191010,24256.803.06$31,930
Feb 201955,63150.852.79$15,977
Jan 2019269146.033.23$2,323
Dec 201833,29046.594.19$13,910
Nov 2018160652.934.24$2,621
Oct 2018164061.443.40$2,236
Sep 2018163059.543.11$2,018
Aug 2018066059.403.07$2,024
Jul 2018065365.142.93$1,915
Jun 2018165360.183.08$2,069
May 2018170265.382.90$2,102
Apr 2018167263.842.90$2,013
Mar 2018169661.222.79$2,001
Feb 2018164361.782.77$1,840
Jan 2018176062.874.01$3,110
Dec 2017183257.272.92$2,488
Nov 2017172955.423.12$2,329
Oct 2017175349.292.98$2,296
Sep 2017170647.523.09$2,227
Aug 2017178845.373.00$2,413
Jul 201718475243.873.09$10,394
Jun 2017176042.493.09$2,389
May 2017179745.373.26$2,646
Apr 2017134047.933.21$1,140
Mar 2017141746.772.98$1,291
Feb 2017168850.452.95$2,082
Jan 2017162349.413.42$2,179
Dec 2016159848.763.72$2,275
Nov 2016165642.492.64$1,777
Oct 2016169346.193.09$2,188
Sep 2016166341.553.10$2,097
Aug 2016065641.442.92$1,918
Jul 2016070041.622.92$2,047
Jun 2016078245.352.69$2,100
May 2016170742.521.99$1,450
Apr 2016166036.561.99$1,351
Mar 2016163033.011.79$1,163
Feb 2016169226.472.06$1,455
Jan 2016195127.352.36$2,276
Dec 2015190532.362.00$1,844
Nov 201521,09138.792.17$2,442
Oct 201521,16143.552.43$2,904
Sep 201518787342.992.76$10,447
Aug 201501,01140.162.87$2,904
Jul 201501,03548.152.95$3,048
Jun 201511,18656.152.88$3,475
May 201511,21555.212.96$3,646
Apr 201511,10049.822.71$3,027
Mar 201501,38742.892.93$4,070
Feb 201501,33144.662.98$3,961
Jan 201504,06343.433.10$12,598
Dec 201402,57854.693.59$9,259
Nov 201401,74870.464.25$7,432
Oct 201401,56178.303.90$6,089
Sep 201401,60186.164.05$6,477
Aug 201401,95889.394.04$7,901
Jul 201401,92896.564.18$8,058
Jun 201402,05498.164.74$9,730
May 201402,20694.734.73$10,427
Apr 20141902,67595.944.81$31,093
Mar 201403,09195.895.06$15,631
Feb 201402,60797.406.19$16,143
Jan 201404,26790.404.86$20,741
Dec 20134473691.824.35$7,245
Nov 201302,86088.853.74$10,691
Oct 20131845,38297.423.78$38,266
Sep 20131895,692104.113.72$40,838
Aug 201315,665104.253.52$20,060
Jul 20131883,689102.523.72$32,989
Jun 201303,73594.403.93$14,691
May 201303,53594.834.15$14,667
Apr 201303,08093.964.28$13,190
Mar 201303,77893.623.91$14,783
Feb 201302,92791.233.42$10,010
Jan 201313,24991.603.42$11,203
Dec 201203,21786.773.42$11,003
Nov 201213,88786.953.62$14,177
Oct 20121914,38089.383.40$31,962
Sep 201204,39994.672.92$12,838
Aug 201205,22092.662.91$15,181
Jul 201213,84185.133.02$11,688
Jun 201224,20179.822.52$10,742
May 201212,64791.612.49$6,678
Apr 201203,803101.652.00$7,594
Mar 201204,430105.052.22$9,844
Feb 20121924,343101.102.57$30,574
Jan 201216,06998.092.73$16,691
Dec 201112,71496.873.24$8,890
Nov 201124,59995.723.31$15,420
Oct 20111824,62484.983.65$32,337
Sep 201114,58783.623.99$18,366
Aug 201114,70483.404.15$19,602
Jul 20111894,77994.144.52$39,380
Jun 201104,74992.904.64$22,035
May 20111765,03898.134.40$39,462
Apr 201105,243105.964.33$22,719
Mar 20111997,09696.364.06$47,967
Feb 20110085.644.18$0
Jan 20111816,49386.504.59$45,451
Dec 201003,52585.734.35$15,326
Nov 201007,28380.843.80$27,641
Oct 20101757,51478.103.51$40,033
Sep 201017,47572.633.98$29,819
Aug 20101767,87173.684.42$47,752
Jul 20101787,71372.554.74$49,446
Jun 201017,60670.364.91$37,419
May 20101837,92471.124.24$46,575
Apr 201008,05381.694.12$33,200
Mar 201035310,45778.394.39$73,564
Feb 20101839,37873.585.44$64,504
Jan 201018510,07974.365.96$73,869
Dec 2009010,85571.445.48$59,526
Nov 200919311,30174.593.75$56,792
Oct 200936211,98472.544.11$75,517
Sep 2009011,95565.543.06$36,639
Aug 200914311,25467.423.22$45,862
Jul 20093339,88061.133.46$54,586
Jun 20091789,62466.163.90$49,262
May 2009010,08954.743.93$39,607
Apr 200917910,11046.773.59$44,641
Mar 200936010,85142.144.06$59,215
Feb 20093449,74932.814.63$56,454
Jan 200918311,00735.865.37$65,681
Dec 200817312,66137.105.98$82,095
Nov 200817711,27455.496.86$87,165
Oct 2008011,57575.246.92$80,122
Sep 200835610,536101.767.88$119,220
Aug 200816411,376114.228.48$115,235
Jul 2008012,465131.0811.39$141,969
Jun 2008011,892131.3313.03$154,984
May 200818012,144123.1711.57$162,729
Apr 200818210,697110.3110.45$131,912
Mar 200818511,111101.909.66$126,229
Feb 200836411,89792.538.77$138,025
Jan 200835713,03790.388.21$139,244
Dec 200711113,23288.337.30$106,424
Nov 200755111,49491.677.29$134,321
Oct 200719611,75982.856.92$97,634
Sep 200736412,06375.846.24$102,929
Aug 200718812,78169.066.39$94,628
Jul 200755713,33570.906.39$124,674
Jun 200737313,70262.007.55$126,555
May 200737314,67658.747.85$137,062
Apr 200738715,39759.617.81$143,246
Mar 200755819,56456.927.30$174,617
Feb 20071828,45355.108.22$79,478
Jan 200736717,54050.306.73$136,449
Dec 200656418,78956.656.92$161,941
Nov 200670519,51454.207.62$186,859
Oct 200653522,03354.906.01$161,874
Sep 200672224,37660.085.04$166,165
Aug 200672728,49768.717.34$259,118
Jul 200690333,06469.376.34$272,358
Jun 20061,26237,86366.286.38$325,358
May 20061,20548,80866.016.42$393,133
Apr 20061,77956,22864.397.36$528,415
Mar 20061,99767,95556.707.08$594,550
Feb 200674622,47957.597.75$217,200

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
Condensate             1 bbl  × $106.41 =       $106
Gas                  280 Mcf  × $  3.05 =       $853

────────────────────────────────────────────────────
Month total                                     $959

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/216364 is the state's own key, not one this site invented.