STILES 18

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 227451District 10Field 861252502 tax incentive programmesCondensateGasSaveExport
Value, all time
$15.4 M
Jan 2007 – May 2026
Value, last 12 filed months
$170 k
at the published price for each month
Months reported
233
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 Gas112007-07-25175706
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
CondensateDisposition20,419 bbl$1,510,436
GasProduction2,711,479 Mcf$13,908,736
Total$15,419,171

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 35.4608, -100.0564. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

35.46078, -100.05639 · 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
16,500 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 16,500 ft.

Completions filed
May 2010
1 of 1 wells

1 well

42-483322046018R16,500 ftMay 2010

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 (233)

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

233 months

May 2026142,910106.413.05$10,353
Apr 2026972,95198.932.87$18,065
Mar 2026163,00689.753.15$10,903
Feb 2026122,66963.503.75$10,772
Jan 2026192,98059.138.00$24,957
Dec 2025173,09356.664.41$14,614
Nov 2025202,97358.593.93$12,845
Oct 20251253,22259.383.30$18,071
Sep 2025183,16662.743.08$10,871
Aug 2025173,52263.933.01$11,705
Jul 2025673,20166.743.32$15,084
Jun 2025203,21066.483.13$11,373
May 2025273,37560.553.23$12,544
Apr 2025233,09662.363.54$12,404
Mar 2025132,90067.704.27$13,258
Feb 2025162,87470.884.34$13,610
Jan 20251263,11374.324.28$22,684
Dec 2024142,87368.993.12$9,934
Nov 2024192,68269.052.20$7,208
Oct 2024212,97771.372.28$8,291
Sep 2024142,70169.612.36$7,361
Aug 2024112,55375.632.06$6,100
Jul 20241562,90879.932.15$18,711
Jun 202492,50978.082.63$7,311
May 2024142,70378.812.20$7,046
Apr 2024152,73484.451.66$5,803
Mar 2024773,09880.301.55$10,970
Feb 2024182,98576.091.78$6,694
Jan 2024233,42473.023.30$12,971
Dec 2023183,10371.262.61$9,384
Nov 2023303,42477.892.81$11,950
Oct 20231114,01985.443.09$21,892
Sep 2023163,73589.042.74$11,640
Aug 2023123,58180.522.67$10,538
Jul 20231343,73674.852.64$19,900
Jun 2023184,21468.962.26$10,759
May 2023224,13070.622.23$10,753
Apr 2023764,34078.122.24$15,649
Mar 20232154,79772.852.39$27,143
Feb 2023275,25275.112.47$14,978
Jan 2023336,53976.533.39$24,678
Dec 20222015,83476.415.73$48,782
Nov 2022163,77285.005.65$22,657
Oct 2022164,37687.185.86$27,055
Sep 2022214,65284.888.16$39,760
Aug 2022205,29894.529.13$50,246
Jul 2022105,067101.587.54$39,232
Jun 2022155,055115.097.98$42,051
May 20222075,215109.378.43$66,618
Apr 2022124,864104.226.84$34,509
Mar 2022164,984108.885.08$27,043
Feb 2022244,59391.054.86$24,502
Jan 2022164,97581.844.54$23,884
Dec 2021265,17671.323.90$22,036
Nov 20212115,21977.435.24$43,669
Oct 2021245,37279.795.71$32,610
Sep 2021195,26569.865.35$29,500
Aug 2021215,52966.024.22$24,722
Jul 2021205,44170.783.98$23,082
Jun 2021195,12169.493.38$18,632
May 2021195,00963.483.02$16,322
Apr 20212145,19060.362.76$27,233
Mar 2021316,19261.302.72$18,724
Feb 2021183,52657.805.55$20,602
Jan 2021315,56550.412.81$17,202
Dec 2020265,31844.642.68$15,389
Nov 2020155,02638.772.71$14,185
Oct 2020165,19536.972.48$13,467
Sep 20201945,08837.091.99$17,326
Aug 2020115,49339.982.39$13,541
Jul 202095,48538.371.83$10,356
Jun 2020115,01434.901.69$8,859
May 2020125,14516.921.81$9,540
Apr 2020114,57214.751.80$8,412
Mar 2020104,97330.341.86$9,534
Feb 20201934,87649.881.98$19,285
Jan 2020115,32957.252.09$11,793
Dec 2019145,59059.012.30$13,708
Nov 2019125,25455.302.75$15,116
Oct 2019135,72053.472.42$14,529
Sep 20191885,51755.052.66$25,010
Aug 201974,94453.112.30$11,765
Jul 201974,60756.272.46$11,727
Jun 201954,42952.782.49$11,297
May 201944,89258.482.74$13,640
Apr 20191965,06662.632.75$26,211
Mar 201975,78556.803.06$18,112
Feb 201965,12350.852.79$14,610
Jan 201954,24546.033.23$13,934
Dec 201854,13546.594.19$17,540
Nov 20181984,14052.934.24$28,022
Oct 201854,23461.443.40$14,695
Sep 201844,30659.543.11$13,621
Aug 201834,38559.403.07$13,625
Jul 201824,25465.142.93$12,603
Jun 201834,31960.183.08$13,470
May 201854,47965.382.90$13,320
Apr 201864,51163.842.90$13,469
Mar 20181894,44661.222.79$23,961
Feb 201854,32261.782.77$12,264
Jan 201854,87262.874.01$19,848
Dec 201764,98157.272.92$14,896
Nov 201754,92455.423.12$15,632
Oct 201785,11649.292.98$15,659
Sep 20171864,73947.523.09$23,469
Aug 201755,17745.373.00$15,781
Jul 201735,15343.873.09$16,040
Jun 201755,33242.493.09$16,674
May 201765,51945.373.26$18,283
Apr 201795,08947.933.21$16,775
Mar 201785,40546.772.98$16,501
Feb 20171954,60850.452.95$23,443
Jan 201765,29049.413.42$18,382
Dec 201655,50448.763.72$20,734
Nov 201655,28342.492.64$14,183
Oct 201675,64246.193.09$17,759
Sep 201655,70041.553.10$17,881
Aug 20161865,91441.442.92$25,002
Jul 201626,09741.622.92$17,913
Jun 201635,86745.352.69$15,894
May 201676,35342.521.99$12,947
Apr 20161976,40436.561.99$19,953
Mar 2016137,21533.011.79$13,373
Feb 20161986,93726.472.06$19,556
Jan 20162068,36327.352.36$25,407
Dec 2015117,08732.362.00$14,540
Nov 2015126,60038.792.17$14,770
Oct 2015136,45443.552.43$16,227
Sep 20151886,70542.992.76$26,577
Aug 201537,47340.162.87$21,587
Jul 201516,54048.152.95$19,309
Jun 20151927,05556.152.88$31,119
May 201577,47055.212.96$22,464
Apr 201547,13249.822.71$19,503
Mar 201576,98442.892.93$20,796
Feb 201506,82644.662.98$20,315
Jan 20151897,34843.433.10$30,992
Dec 201407,25254.693.59$26,045
Nov 20141887,74470.464.25$46,173
Oct 201407,53078.303.90$29,374
Sep 201407,13686.164.05$28,868
Aug 201407,57789.394.04$30,574
Jul 201407,24996.564.18$30,298
Jun 20141866,69598.164.74$49,971
May 201407,32494.734.73$34,617
Apr 201407,14595.944.81$34,361
Mar 20141897,47495.895.06$55,918
Feb 201407,60497.406.19$47,084
Jan 201408,22990.404.86$39,999
Dec 20132277,92591.824.35$55,352
Nov 2013369,81888.853.74$39,901
Oct 201327,56597.423.78$28,786
Sep 201308,825104.113.72$32,809
Aug 20131859,806104.253.52$53,829
Jul 2013110,529102.523.72$39,247
Jun 201319010,06494.403.93$57,522
May 2013011,46194.834.15$47,553
Apr 201319011,34993.964.28$66,456
Mar 201318611,93393.623.91$64,106
Feb 2013010,75791.233.42$36,788
Jan 2013112,71591.603.42$43,576
Dec 201218313,15886.773.42$60,881
Nov 2012012,99986.953.62$47,121
Oct 201218914,01789.383.40$64,546
Sep 2012011,13794.672.92$32,502
Aug 201218013,77692.662.91$56,742
Jul 201218413,52685.133.02$56,523
Jun 2012113,35679.822.52$33,724
May 201218814,65291.612.49$53,682
Apr 2012014,984101.652.00$29,920
Mar 201219315,205105.052.22$54,061
Feb 201219314,732101.102.57$57,377
Jan 201220216,58298.092.73$65,151
Dec 2011117,15696.873.24$55,678
Nov 201118817,02295.723.31$74,360
Oct 2011018,09484.983.65$66,017
Sep 201137617,34283.623.99$100,563
Aug 201118418,73683.404.15$93,087
Jul 201118419,82494.144.52$106,872
Jun 201118116,96092.904.64$95,507
May 2011021,69598.134.40$95,563
Apr 201118222,128105.964.33$115,172
Mar 201118419,66496.364.06$97,514
Feb 201118322,15085.644.18$108,259
Jan 201137626,33986.504.59$153,388
Dec 201057028,27485.734.35$171,794
Nov 201036029,75780.843.80$142,040
Oct 201017831,07678.103.51$122,944
Sep 201071436,46372.633.98$196,961
Aug 201071837,90973.684.42$220,436
Jul 201088246,73172.554.74$285,330
Jun 20101,26260,55770.364.91$386,153
May 20101,41764,06971.124.24$372,123
Apr 20101835,81181.694.12$38,906
Mar 2010010,52878.394.39$46,204
Feb 201009,07473.585.44$49,384
Jan 2010010,41674.365.96$62,122
Dec 2009010,77671.445.48$59,093
Nov 200909,90874.593.75$37,170
Oct 2009011,53572.544.11$47,412
Sep 2009011,60365.543.06$35,560
Aug 2009013,22667.423.22$42,568
Jul 2009011,28561.133.46$39,097
Jun 2009010,90866.163.90$42,487
May 2009011,14254.743.93$43,741
Apr 2009011,29246.773.59$40,510
Mar 200918012,45542.144.06$58,140
Feb 2009011,30532.814.63$52,376
Jan 2009012,35535.865.37$66,359
Dec 2008013,74137.105.98$82,132
Nov 2008013,49555.496.86$92,581
Oct 2008015,37175.246.92$106,398
Sep 200817816,692101.767.88$149,598
Aug 2008013,367114.228.48$113,393
Jul 2008017,622131.0811.39$200,705
Jun 200818220,706131.3313.03$293,756
May 2008019,880123.1711.57$230,097
Apr 2008024,716110.3110.45$258,402
Mar 2008026,254101.909.66$253,720
Feb 2008025,10492.538.77$220,177
Jan 200818628,45790.388.21$250,321
Dec 2007027,96688.337.30$204,207
Nov 2007029,65791.677.29$216,250
Oct 200716431,46882.856.92$231,408
Sep 200719140,27075.846.24$265,938
Aug 2007046,30869.066.39$295,813
Jul 200716851,31170.906.39$339,683
Jun 200734354,62062.007.55$433,562
May 200737960,64158.747.85$498,069
Apr 2007069,38359.617.81$541,548
Mar 200736882,62256.927.30$624,250
Feb 2007370115,35255.108.22$968,119
Jan 2007087,13850.306.73$586,164

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            14 bbl  × $106.41 =     $1,490
Gas                2,910 Mcf  × $  3.05 =     $8,863

────────────────────────────────────────────────────
Month total                                  $10,353

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/227451 is the state's own key, not one this site invented.