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 228628District 10Field 861252502 tax incentive programmesCondensateGasSaveExport
Value, all time
$22.5 M
Mar 2007 – May 2026
Value, last 12 filed months
$395 k
at the published price for each month
Months reported
231
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 Gas112007-09-27176422
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
CondensateDisposition26,475 bbl$1,967,970
GasProduction3,603,772 Mcf$20,486,542
Total$22,454,511

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 35.4433, -100.0927. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

35.44326, -100.09274 · 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
16,805 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 16,805 ft.

Completions filed
Jul 2011
1 of 1 wells

1 well

42-4833224280116,805 ftJul 2011

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 (231)

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

231 months

May 2026347,485106.413.05$26,416
Apr 2026396,62598.932.87$22,870
Mar 20261557,85289.753.15$38,641
Feb 2026337,13263.503.75$28,843
Jan 2026477,22059.138.00$60,524
Dec 2025437,62156.664.41$36,071
Nov 2025487,41758.593.93$31,935
Oct 2025597,61759.383.30$28,676
Sep 20251457,49962.743.08$32,171
Aug 2025368,23163.933.01$27,116
Jul 2025437,58166.743.32$28,002
Jun 20251307,91966.483.13$33,419
May 2025638,26960.553.23$30,543
Apr 2025607,98562.363.54$32,033
Mar 2025378,60467.704.27$39,230
Feb 20251916,81170.884.34$43,104
Jan 2025366,99974.324.28$32,622
Dec 2024346,85668.993.12$23,746
Nov 2024466,74569.052.20$18,005
Oct 2024497,13571.372.28$19,775
Sep 2024386,93169.612.36$19,033
Aug 20242057,18975.632.06$30,340
Jul 2024377,17779.932.15$18,363
Jun 2024226,49078.082.63$18,812
May 2024377,12678.812.20$18,582
Apr 2024407,16084.451.66$15,258
Mar 20241367,00380.301.55$21,741
Feb 2024427,01676.091.78$15,710
Jan 2024326,37173.023.30$23,346
Dec 2023457,43571.262.61$22,617
Nov 20231427,25377.892.81$31,424
Oct 2023547,71785.443.09$28,438
Sep 2023347,39489.042.74$23,250
Aug 20231438,32780.522.67$33,771
Jul 2023407,91174.852.64$23,893
Jun 2023348,13468.962.26$20,715
May 2023438,07370.622.23$21,018
Apr 2023317,95878.122.24$20,230
Mar 2023338,01872.852.39$21,592
Feb 20231627,37375.112.47$30,347
Jan 2023418,05776.533.39$30,433
Dec 2022427,95376.415.73$48,773
Nov 2022328,08085.005.65$48,341
Oct 20222108,12887.185.86$65,968
Sep 2022378,55884.888.16$73,005
Aug 2022338,58494.529.13$81,467
Jul 2022168,661101.587.54$66,947
Jun 2022258,277115.097.98$68,905
May 20221908,685109.378.43$94,021
Apr 2022218,678104.226.84$61,525
Mar 20222118,297108.885.08$65,093
Feb 2022417,66891.054.86$40,991
Jan 2022278,42081.844.54$40,417
Dec 2021439,04771.323.90$38,342
Nov 2021468,48277.435.24$47,981
Oct 2021419,28579.795.71$56,325
Sep 20212148,92769.865.35$62,718
Aug 2021349,15066.024.22$40,863
Jul 2021349,24370.783.98$39,213
Jun 2021359,30569.493.38$33,889
May 2021359,74163.483.02$31,617
Apr 2021549,50160.362.76$29,467
Mar 202123810,12461.302.72$42,096
Feb 2021326,10157.805.55$35,698
Jan 2021569,69550.412.81$30,069
Dec 20202369,57844.642.68$36,161
Nov 2020429,71838.772.71$27,931
Oct 2020449,87436.972.48$26,099
Sep 2020409,59237.091.99$20,582
Aug 202021410,06639.982.39$32,564
Jul 20202611,43238.371.83$21,862
Jun 20203310,76834.901.69$19,353
May 20203510,72316.921.81$20,052
Apr 20203610,33714.751.80$19,183
Mar 202021010,03230.341.86$24,993
Feb 2020359,04749.881.98$19,665
Jan 2020398,41057.252.09$19,850
Dec 2019569,71559.012.30$25,691
Nov 2019499,43055.302.75$28,649
Oct 201923610,15553.472.42$37,179
Sep 2019408,64055.052.66$25,161
Aug 2019317,58753.112.30$19,130
Jul 20191507,60156.272.46$27,139
Jun 2019246,96052.782.49$18,605
May 20191986,74558.482.74$30,063
Apr 2019155,70662.632.75$16,635
Mar 2019194,47856.803.06$14,791
Feb 20191983,37250.852.79$19,484
Jan 2019203,51846.033.23$12,277
Dec 2018183,35046.594.19$14,860
Nov 2018233,90552.934.24$17,764
Oct 2018193,29761.443.40$12,371
Sep 2018196,05859.543.11$19,960
Aug 201819610,43459.403.07$43,639
Jul 2018119,76665.142.93$29,349
Jun 2018147,96760.183.08$25,356
May 2018227,91565.382.90$24,398
Apr 20182108,46363.842.90$37,956
Mar 2018268,95861.222.79$26,556
Feb 2018196,22561.782.77$18,393
Jan 2018184,61162.874.01$19,619
Dec 2017204,05357.272.92$12,986
Nov 2017143,72755.423.12$12,398
Oct 2017233,55649.292.98$11,744
Sep 2017123,41947.523.09$11,126
Aug 2017164,23445.373.00$13,447
Jul 20171904,32643.873.09$21,691
Jun 2017154,15742.493.09$13,471
May 20172024,27745.373.26$23,122
Apr 2017264,30547.933.21$15,072
Mar 2017254,49446.772.98$14,578
Feb 2017254,20350.452.95$13,671
Jan 20171974,91149.413.42$26,524
Dec 2016154,56448.763.72$17,722
Nov 2016164,87342.492.64$13,566
Oct 2016225,04646.193.09$16,610
Sep 2016144,79541.553.10$15,449
Aug 201695,20041.442.92$15,580
Jul 20161845,37141.622.92$23,365
Jun 201695,03345.352.69$13,926
May 2016195,01442.521.99$10,791
Apr 20162034,75236.561.99$16,883
Mar 2016315,22233.011.79$10,392
Feb 2016164,93126.472.06$10,599
Jan 20162165,07827.352.36$17,914
Dec 2015265,27432.362.00$11,397
Nov 2015295,08638.792.17$12,148
Oct 20152145,21043.552.43$21,962
Sep 2015124,30342.992.76$12,385
Aug 20151893,99240.162.87$19,057
Jul 201544,19048.152.95$12,532
Jun 20151953,93856.152.88$22,302
May 2015174,26455.212.96$13,541
Apr 201584,12349.822.71$11,558
Mar 20152044,14242.892.93$20,905
Feb 201504,29744.662.98$12,789
Jan 201505,27443.433.10$16,353
Dec 20143704,05054.693.59$34,780
Nov 201405,07370.464.25$21,570
Oct 201404,68478.303.90$18,272
Sep 20142194,77486.164.05$38,182
Aug 20141885,27789.394.04$38,099
Jul 201404,74996.564.18$19,849
Jun 201404,68998.164.74$22,211
May 201404,30294.734.73$20,334
Apr 201404,00295.944.81$19,246
Mar 201403,43895.895.06$17,385
Feb 20141961,67797.406.19$29,474
Jan 20141922,06290.404.86$27,380
Dec 2013441,21391.824.35$9,322
Nov 2013683,79888.853.74$20,240
Oct 20131984,24997.423.78$35,348
Sep 201313,965104.113.72$14,845
Aug 201324,156104.253.52$14,848
Jul 20131944,021102.523.72$34,838
Jun 20131844,34794.403.93$34,468
May 201314,84594.834.15$20,197
Apr 20133615,42793.964.28$57,161
Mar 201325,88193.623.91$23,199
Feb 201325,13891.233.42$17,754
Jan 201336,72491.603.42$23,270
Dec 20123686,11186.773.42$52,832
Nov 201235,69086.953.62$20,887
Oct 20121766,84589.383.40$39,002
Sep 20123626,60094.672.92$53,532
Aug 20121796,98992.662.91$36,911
Jul 20121917,23085.133.02$38,100
Jun 20121847,65179.822.52$33,960
May 20121906,52291.612.49$33,635
Apr 20121906,583101.652.00$32,458
Mar 20121897,309105.052.22$36,096
Feb 20123696,789101.102.57$54,755
Jan 20123808,54698.092.73$60,640
Dec 20111888,56996.873.24$45,973
Nov 201155910,18095.723.31$87,216
Oct 201139712,32984.983.65$78,720
Sep 201174513,69983.623.99$116,898
Aug 201174322,51883.404.15$155,401
Jul 20111,66319,01394.144.52$242,441
Jun 201108,06892.904.64$37,435
May 2011017,50798.134.40$77,115
Apr 2011016,460105.964.33$71,326
Mar 2011016,36796.364.06$66,406
Feb 2011015,56585.644.18$65,061
Jan 2011017,39186.504.59$79,803
Dec 2010018,58885.734.35$80,816
Nov 2010018,12580.843.80$68,790
Oct 2010021,13578.103.51$74,160
Sep 2010019,29172.633.98$76,768
Aug 2010019,53073.684.42$86,310
Jul 2010120,23372.554.74$95,906
Jun 2010220,27870.364.91$99,714
May 201019021,50171.124.24$104,574
Apr 2010022,56081.694.12$93,008
Mar 2010024,45578.394.39$107,325
Feb 2010022,34373.585.44$121,599
Jan 201017724,81574.365.96$161,161
Dec 2009024,11371.445.48$132,230
Nov 2009024,35074.593.75$91,349
Oct 2009027,84272.544.11$114,438
Sep 2009026,69965.543.06$81,826
Aug 2009028,71967.423.22$92,432
Jul 2009028,55561.133.46$98,929
Jun 200918828,47466.163.90$123,344
May 200910230,89054.743.93$126,850
Apr 2009031,79646.773.59$114,068
Mar 2009034,09842.144.06$138,404
Feb 200917132,26432.814.63$155,090
Jan 2009037,27235.865.37$200,188
Dec 2008039,12937.105.98$233,880
Nov 2008039,92655.496.86$273,907
Oct 200817440,53975.246.92$293,702
Sep 2008043,159101.767.88$339,967
Aug 200817446,959114.228.48$418,228
Jul 2008050,853131.0811.39$579,187
Jun 200817852,697131.3313.03$710,157
May 200817658,507123.1711.57$698,855
Apr 2008061,450110.3110.45$642,451
Mar 200834267,881101.909.66$690,857
Feb 2008068,23592.538.77$598,461
Jan 2008080,31890.388.21$659,068
Dec 200717387,56588.337.30$654,678
Nov 200733590,84891.677.29$693,146
Oct 200737195,29582.856.92$690,367
Sep 200736297,77875.846.24$637,996
Aug 2007359108,36469.066.39$717,015
Jul 2007520116,06070.906.39$778,252
Jun 2007705118,53362.007.55$938,450
May 20071,123131,42458.747.85$1,097,155
Apr 20071,658148,55359.617.81$1,258,319
Mar 200718926,32856.927.30$203,004

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            34 bbl  × $106.41 =     $3,618
Gas                7,485 Mcf  × $  3.05 =    $22,798

────────────────────────────────────────────────────
Month total                                  $26,416

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/228628 is the state's own key, not one this site invented.