STILES 1

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 224877District 10Field 861252502 tax incentive programmesCondensateGasSaveExport
Value, all time
$37.0 M
Nov 2006 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
235
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 Gas112007-05-22173951
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
CondensateDisposition33,928 bbl$2,662,732
GasProduction5,112,093 Mcf$34,384,363
Total$37,047,095

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 35.4312, -100.0887. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

35.43118, -100.08867 · 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
16,810 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 16,810 ft.

1 well

42-4833217340116,810 ft

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 (235)

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

235 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 20191149056.272.46$6,636
Jun 201911,07652.782.49$2,733
May 201911,73058.482.74$4,799
Apr 201921,64562.632.75$4,650
Mar 201921,98156.803.06$6,180
Feb 201932,01650.852.79$5,782
Jan 201932,15346.033.23$7,088
Dec 201821,75246.594.19$7,426
Nov 201831,97352.934.24$8,519
Oct 201811,51161.443.40$5,196
Sep 2018181359.543.11$2,586
Aug 201821,25559.403.07$3,967
Jul 201811,25465.142.93$3,742
Jun 201811,23760.183.08$3,866
May 201832,01265.382.90$6,033
Apr 201821,58563.842.90$4,725
Mar 201821,65361.222.79$4,729
Feb 201821,91161.782.77$5,410
Jan 201822,03662.874.01$8,289
Dec 201732,20157.272.92$6,602
Nov 201721,95755.423.12$6,213
Oct 201742,83649.292.98$8,659
Sep 201722,73247.523.09$8,529
Aug 201743,50245.373.00$10,703
Jul 201724,13743.873.09$12,860
Jun 201733,66742.493.09$11,449
May 20171813,91145.373.26$20,975
Apr 201732,07947.933.21$6,821
Mar 201732,08446.772.98$6,358
Feb 2017285350.452.95$2,619
Jan 201721,58749.413.42$5,524
Dec 201611,46748.763.72$5,510
Nov 201611,19642.492.64$3,205
Oct 201621,83946.193.09$5,775
Sep 201611,43341.553.10$4,485
Aug 2016033841.442.92$988
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 20150449.822.71$11
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 2014032589.394.04$1,311
Jul 201401,06096.564.18$4,430
Jun 2014070998.164.74$3,358
May 20140094.734.73$0
Apr 201418474595.944.81$21,236
Mar 201401,11895.895.06$5,654
Feb 201402,17497.406.19$13,461
Jan 201401,80190.404.86$8,754
Dec 201302,37391.824.35$10,333
Nov 201301,69788.853.74$6,344
Oct 201302,16197.423.78$8,167
Sep 201302,215104.113.72$8,235
Aug 201301,978104.253.52$6,968
Jul 201301,877102.523.72$6,978
Jun 201302,53694.403.93$9,975
May 20131902,68294.834.15$29,146
Apr 201307,02893.964.28$30,098
Mar 201302,08793.623.91$8,166
Feb 201307,58791.233.42$25,947
Jan 20131927,47991.603.42$43,165
Dec 2012010,07286.773.42$34,448
Nov 2012011,87686.953.62$43,050
Oct 201207,50789.383.40$25,521
Sep 201202,03794.672.92$5,945
Aug 201202,85092.662.91$8,288
Jul 201201,04985.133.02$3,169
Jun 201201,39979.822.52$3,524
May 201205,23791.612.49$13,031
Apr 20121961,416101.652.00$22,751
Mar 201202,317105.052.22$5,149
Feb 201201,371101.102.57$3,524
Jan 20121821,68298.092.73$22,451
Dec 201103,14796.873.24$10,195
Nov 201106,51695.723.31$21,576
Oct 2011015,52784.983.65$56,651
Sep 2011020,73883.623.99$82,658
Aug 201118519,81783.404.15$97,656
Jul 2011017,73094.144.52$80,091
Jun 20119526,79192.904.64$133,133
May 201118729,99398.134.40$150,464
Apr 201118430,292105.964.33$150,760
Mar 2011037,80796.364.06$153,396
Feb 201119222,63185.644.18$111,040
Jan 201119232,58086.504.59$166,110
Dec 201019031,49885.734.35$153,234
Nov 201018732,02680.843.80$136,666
Oct 201019637,13578.103.51$145,610
Sep 201018235,78872.633.98$155,636
Aug 201019536,97273.684.42$177,760
Jul 201017939,39172.554.74$199,562
Jun 201018040,58870.364.91$211,968
May 201019342,80871.124.24$195,027
Apr 201037844,27281.694.12$213,399
Mar 201053353,17578.394.39$275,149
Feb 2010041,95373.585.44$228,323
Jan 201035953,45074.365.96$345,476
Dec 200919156,37171.445.48$322,770
Nov 200938465,24474.593.75$273,405
Oct 200936267,09572.544.11$302,037
Sep 200954069,27865.543.06$247,711
Aug 200918870,48667.423.22$239,534
Jul 200954472,31661.133.46$283,794
Jun 200956574,56166.163.90$327,796
May 200955477,28654.743.93$333,731
Apr 200957069,49846.773.59$275,983
Mar 200956284,01142.144.06$364,683
Feb 200936929,27332.814.63$147,729
Jan 200919048,63935.865.37$268,053
Dec 2008545104,67137.105.98$645,853
Nov 2008902102,08655.496.86$750,399
Oct 200853579,14675.246.92$588,100
Sep 2008567109,999101.767.88$924,170
Aug 2008689116,626114.228.48$1,068,038
Jul 2008915120,400131.0811.39$1,491,226
Jun 2008918121,125131.3313.03$1,699,138
May 2008928131,453123.1711.57$1,635,777
Apr 2008907135,709110.3110.45$1,518,870
Mar 2008572147,934101.909.66$1,487,931
Feb 20081,090141,46992.538.77$1,341,623
Jan 20081,299162,17990.388.21$1,448,201
Dec 20071,468167,13988.337.30$1,350,112
Nov 20071,269176,21091.677.29$1,401,200
Oct 20071,266178,33182.856.92$1,339,292
Sep 2007927152,72375.846.24$1,023,931
Aug 20071,630207,54469.066.39$1,438,346
Jul 20071,642194,45470.906.39$1,358,578
Jun 20071,472179,49862.007.55$1,446,196
May 2007923129,32658.747.85$1,068,945
Apr 2007558126,20059.617.81$1,018,279
Mar 2007929139,62156.927.30$1,072,387
Feb 2007921128,46455.108.22$1,106,207
Jan 2007737112,16650.306.73$791,595
Dec 200618544,98656.656.92$321,713
Nov 20060054.207.62$0

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 2019 — as filed, then multipliedworked
Condensate           114 bbl  × $ 56.27 =     $6,415
Gas                   90 Mcf  × $  2.46 =       $221

────────────────────────────────────────────────────
Month total                                   $6,636

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/224877 is the state's own key, not one this site invented.