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 230827District 10Field 861252502 tax incentive programmesCondensateGasSaveExport
Value, all time
$12.5 M
Feb 2007 – May 2026
Value, last 12 filed months
$149 k
at the published price for each month
Months reported
232
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 Gas112008-05-08179525
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
CondensateDisposition36,400 bbl$2,922,252
GasProduction1,783,945 Mcf$9,551,065
Total$12,473,318

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 35.4393, -100.0519. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

35.43932, -100.05194 · 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
16,701 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 16,701 ft.

Completions filed
Oct 2007
1 of 1 wells

1 well

42-48332202126816,701 ftOct 2007

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 (232)

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

232 months

May 2026102,121106.413.05$7,524
Apr 2026142,37198.932.87$8,189
Mar 20261542,44889.753.15$21,531
Feb 2026112,27463.503.75$9,227
Jan 20261222,37559.138.00$26,209
Dec 2025142,49456.664.41$11,800
Nov 2025142,29658.593.93$9,835
Oct 2025192,41959.383.30$9,123
Sep 2025142,46062.743.08$8,448
Aug 2025612,74263.933.01$12,166
Jul 20251092,55866.743.32$15,755
Jun 2025162,48266.483.13$8,829
May 2025202,52460.553.23$9,369
Apr 2025192,44862.363.54$9,858
Mar 20252192,57767.704.27$25,826
Feb 2025101,90670.884.34$8,982
Jan 2025132,46174.324.28$11,496
Dec 2024872,59768.993.12$14,108
Nov 2024172,55469.052.20$6,789
Oct 2024182,55371.372.28$7,109
Sep 2024142,66469.612.36$7,273
Aug 2024112,64675.632.06$6,292
Jul 20241872,65679.932.15$20,648
Jun 202471,99578.082.63$5,801
May 2024132,37678.812.20$6,248
Apr 2024142,61784.451.66$5,524
Mar 20241852,75380.301.55$19,109
Feb 2024162,55476.091.78$5,773
Jan 2024122,58073.023.30$9,384
Dec 2023172,71171.262.61$8,289
Nov 20231392,71277.892.81$18,441
Oct 2023202,88385.443.09$10,609
Sep 2023132,79289.042.74$8,794
Aug 2023102,97080.522.67$8,744
Jul 20231962,77974.852.64$22,012
Jun 2023102,19568.962.26$5,647
May 2023122,32270.622.23$6,019
Apr 20231072,31278.122.24$13,533
Mar 2023102,26772.852.39$6,154
Feb 2023102,17075.112.47$6,102
Jan 2023122,31376.533.39$8,754
Dec 20221892,38476.415.73$28,100
Nov 2022102,23385.005.65$13,458
Oct 2022113,18187.185.86$19,612
Sep 2022112,47084.888.16$21,098
Aug 2022102,55494.529.13$24,256
Jul 20221842,618101.587.54$38,436
Jun 202282,625115.097.98$21,861
May 2022102,658109.378.43$23,509
Apr 20221802,675104.226.84$37,050
Mar 202282,515108.885.08$13,638
Feb 2022132,34591.054.86$12,578
Jan 202282,56381.844.54$12,285
Dec 2021132,67371.323.90$11,350
Nov 20211392,59177.435.24$24,331
Oct 2021122,72279.795.71$16,511
Sep 20211962,59869.865.35$27,594
Aug 2021102,72866.024.22$12,174
Jul 2021102,71170.783.98$11,503
Jun 2021102,69269.493.38$9,796
May 2021102,77963.483.02$9,021
Apr 20212042,79660.362.76$20,026
Mar 2021202,99361.302.72$9,358
Feb 2021113,37457.805.55$19,355
Jan 2021162,77250.412.81$8,597
Dec 20201972,79944.642.68$16,283
Nov 202082,82538.772.71$7,956
Oct 202092,92636.972.48$7,585
Sep 20201942,88437.091.99$12,938
Aug 202062,96239.982.39$7,305
Jul 202052,88938.371.83$5,465
Jun 202062,85834.901.69$5,040
May 20201942,83016.921.81$8,418
Apr 202072,81814.751.80$5,188
Mar 202062,94430.341.86$5,647
Feb 20201922,75549.881.98$15,034
Jan 202062,87057.252.09$6,355
Dec 201972,80959.012.30$6,886
Nov 201972,93055.302.75$8,447
Oct 201972,91753.472.42$7,429
Sep 20191832,93955.052.66$17,884
Aug 201953,08753.112.30$7,379
Jul 201953,11556.272.46$7,944
Jun 201942,90652.782.49$7,451
May 20191903,09158.482.74$19,582
Apr 201933,07262.632.75$8,638
Mar 201943,24556.803.06$10,164
Feb 201932,70450.852.79$7,703
Jan 20191902,85146.033.23$17,949
Dec 201832,95446.594.19$12,504
Nov 20181012,93152.934.24$17,765
Oct 201843,32361.443.40$11,538
Sep 201843,45259.543.11$10,967
Aug 20181843,53159.403.07$21,758
Jul 201823,49165.142.93$10,365
Jun 20181883,39560.183.08$21,760
May 201843,54365.382.90$10,539
Apr 201843,40263.842.90$10,124
Mar 20181893,56261.222.79$21,497
Feb 201843,15461.782.77$8,971
Jan 201843,65162.874.01$14,890
Dec 201743,68257.272.92$10,986
Nov 20171873,40855.423.12$20,991
Oct 201753,30249.292.98$10,099
Sep 20171863,73047.523.09$20,354
Aug 201703,99145.373.00$11,991
Jul 20171873,72143.873.09$19,691
Jun 201743,78942.493.09$11,868
May 201753,94445.373.26$13,098
Apr 201763,74047.933.21$12,299
Mar 20171943,84346.772.98$20,540
Feb 201763,50350.452.95$10,646
Jan 20171893,93849.413.42$22,802
Dec 201643,92048.763.72$14,789
Nov 201643,97242.492.64$10,673
Oct 20161914,12246.193.09$21,560
Sep 201644,01841.553.10$12,625
Aug 201624,47741.442.92$13,175
Jul 20161844,56441.622.92$21,005
Jun 20161844,55445.352.69$20,576
May 201654,64542.521.99$9,461
Apr 201684,48536.561.99$9,222
Mar 20162014,17833.011.79$14,130
Feb 201644,28026.472.06$8,938
Jan 201674,80727.352.36$11,557
Dec 201574,73432.362.00$9,701
Nov 20151984,87738.792.17$18,250
Oct 2015104,97943.552.43$12,517
Sep 201545,36042.992.76$14,957
Aug 20151875,28740.162.87$22,697
Jul 201515,45848.152.95$16,122
Jun 20151955,34456.152.88$26,355
May 201566,28055.212.96$18,891
Apr 201524,08249.822.71$11,148
Mar 201504,86942.892.93$14,289
Feb 20151924,45744.662.98$21,840
Jan 201504,45643.433.10$13,816
Dec 201404,92154.693.59$17,673
Nov 201404,85870.464.25$20,655
Oct 201405,26578.303.90$20,539
Sep 20141935,14686.164.05$37,447
Aug 201405,56789.394.04$22,464
Jul 201405,62996.564.18$23,527
Jun 20141854,93398.164.74$41,527
May 201405,54994.734.73$26,228
Apr 201405,75895.944.81$27,691
Mar 20141896,21595.895.06$49,551
Feb 201405,06097.406.19$31,332
Jan 20141906,00590.404.86$46,365
Dec 2013446,09991.824.35$30,598
Nov 201326,01788.853.74$22,671
Oct 20131817,09197.423.78$44,432
Sep 201307,604104.113.72$28,270
Aug 201317,673104.253.52$27,133
Jul 20131886,845102.523.72$44,722
Jun 201327,27694.403.93$28,808
May 20131936,82894.834.15$46,632
Apr 20131866,46493.964.28$45,159
Mar 201306,67493.623.91$26,114
Feb 201306,28591.233.42$21,494
Jan 20131927,30591.603.42$42,570
Dec 201207,52486.773.42$25,733
Nov 20121927,85586.953.62$45,168
Oct 201207,98889.383.40$27,157
Sep 20121858,51194.672.92$42,352
Aug 201219,29692.662.91$27,127
Jul 20121847,06185.133.02$36,994
Jun 20121827,81779.822.52$34,219
May 201218,37091.612.49$20,919
Apr 20121967,656101.652.00$35,211
Mar 20121957,605105.052.22$37,384
Feb 201207,517101.102.57$19,320
Jan 201219110,71698.092.73$48,034
Dec 201104,43596.873.24$14,368
Nov 20111968,54195.723.31$47,043
Oct 20111829,28584.983.65$49,343
Sep 20113769,36183.623.99$68,752
Aug 201119,99783.404.15$41,564
Jul 20111879,97594.144.52$62,664
Jun 201109,54992.904.64$44,306
May 201118710,16098.134.40$63,103
Apr 201119,536105.964.33$41,428
Mar 201117311,00596.364.06$61,321
Feb 201119210,45585.644.18$60,145
Jan 201115113,71186.504.59$75,978
Dec 20101814,19185.734.35$33,739
Nov 2010011,29680.843.80$42,872
Oct 201035312,38778.103.51$71,034
Sep 201017812,64772.633.98$63,257
Aug 201016913,29473.684.42$71,203
Jul 201036213,21172.554.74$88,837
Jun 2010113,27470.364.91$65,251
May 201036714,14071.124.24$85,987
Apr 201018914,35881.694.12$74,633
Mar 201036616,78278.394.39$102,341
Feb 201036214,69673.585.44$106,617
Jan 201017816,83974.365.96$113,665
Dec 200918017,00071.445.48$106,083
Nov 200937716,20374.593.75$88,906
Oct 200935917,80372.544.11$99,217
Sep 200917217,64465.543.06$65,347
Aug 200934418,48467.423.22$82,683
Jul 200935618,06961.133.46$84,362
Jun 200951117,83366.163.90$103,267
May 200934319,06054.743.93$93,601
Apr 200938618,87046.773.59$85,749
Mar 200954320,20942.144.06$104,910
Feb 200950919,11032.814.63$105,237
Jan 200936122,39235.865.37$133,213
Dec 200871823,79637.105.98$168,870
Nov 200837622,74855.496.86$176,924
Oct 200853924,36675.246.92$209,215
Sep 200871624,647101.767.88$267,007
Aug 200853627,100114.228.48$291,112
Jul 200853329,070131.0811.39$400,956
Jun 200871229,935131.3313.03$483,639
May 20081,05933,669123.1711.57$520,132
Apr 200889836,047110.3110.45$475,925
Mar 200890942,136101.909.66$499,832
Feb 20081,13844,81992.538.77$498,388
Jan 20081,66655,89990.388.21$609,265
Dec 20072,00262,77288.337.30$635,196
Nov 20073,22074,32991.677.29$837,162
Oct 20071,54178,43982.856.92$670,625
Sep 20070075.846.24$0
Aug 20070069.066.39$0
Jul 20070070.906.39$0
Jun 20070062.007.55$0
May 20070058.747.85$0
Apr 20070059.617.81$0
Mar 20070056.927.30$0
Feb 20070055.108.22$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.

May 2026 — as filed, then multipliedworked
Condensate            10 bbl  × $106.41 =     $1,064
Gas                2,121 Mcf  × $  3.05 =     $6,460

────────────────────────────────────────────────────
Month total                                   $7,524

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/230827 is the state's own key, not one this site invented.